Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
nanobrain
on 14/11/2014, 13:03:27 UTC
The price has been recently taking massive swings. It has gone from 320 to over 400, and back down, 2 times. I am not sure what to understand from it.

It has one reason. Something which is new to Bitcoin since this year: Dumpers who do everything in their power to take the price down. Every single time.
We're gonna have a real hard time going up again.
I just don't understand what caused this behaviour. They just refuse to let the price go up.  

It's absolutely crazy.

You are constantly whining like a child which can not understand why do the grownups do what they do. Problem is you are stuck in the fiat logic, counting your gains/loses in fiat instead of BTC. Try to finally understand that if you had 100 BTC each worth US$ 1000 each, and you now have 110 BTC each worth 400 BTC, you have not lost 56%, you gained 10%. Try to dig that into your thick head, the current price is irrelevant, it only matters how much BTC you will have when the day comes you wouldn't have to exchange them for fiat at all. The most straightforward way for smart people to gain more BTC trading is to push the price down selling as much as they can and buy more BTC when the price hits the bottom of the dump. Not everyone can trade with leverage on Bitfinex, most people trade on all other exchanges where there is no leveraged margin trading, so every they of price rising is their day lost, and every day price falling can be a big gain for them. I don't know how to put it more simpler, please try to finally understand total non-importance of short term price drops.

I love the smell of "welcome to ignore" in the morning!!

Ignore me or not, I just can't stand any more ShroomsKit's jealousy for other people making money on dumps. All he wants is a day to dump all his BTC to his fiat bank account, and he is calling other people short-sighted, imagine that!

I think he was referring to shroomskit who has ignored, at a rough estimate... 90% of the forum.


EDIT: the bull is back finally


There you go...someone is paying attention. Smiley

BTW...its she for your records.  Although apparently women don't exist here. Wink