Nothing needs to be said. I would say I'm astounded by the flocking behavior of what seems like many people that just dumped, for no other reason than that others appear to have dumped, (gox down?!?!?! MUST DUMP -- so effin' stupid), but i've seen it too many times. Newbs, I guess.
I sold at $145 (good call!) and rebought at $106 (not so great, but still good return).
Lesson learned from this: STICK TO THE SYSTEM, FUCK EMOTIONS. dammit i knew I should have waited for that hourly crossover...
... aaaaaaaaaaand there's your greed when others are fearful :-D 100% RETURN?!?!?! NOT GOOD ENOUGH! THIS IS BITCOIN!!!
Topic: Always look on the bright side, May 2013 crash edition (Read 783 times)
"Be greedy when others are fearful" ?
Lot's of doom and gloom on the board today.
Thought I'd make a thread for any optimists to contribute to.
I'll get started on the sunny-side of the crash:
1) Cheap coins.
2) You aren't loosing as much money waiting for your ASIC to come from BFL and Avalon and those guys making them are more likely to want to ship you the product instead of mining for themselves, if you are a paranoid who believes this.
3) A correction was needed. Maybe it'll lead to a more stable price (however slightly) improving the BTC economy ?
Thought I'd make a thread for any optimists to contribute to.
I'll get started on the sunny-side of the crash:
1) Cheap coins.
2) You aren't loosing as much money waiting for your ASIC to come from BFL and Avalon and those guys making them are more likely to want to ship you the product instead of mining for themselves, if you are a paranoid who believes this.
3) A correction was needed. Maybe it'll lead to a more stable price (however slightly) improving the BTC economy ?
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