It's not greed, it's fear. Greed worked during the mania phase of November - December 2013.
The "greater fool" works both ways, up and down. It helps with the price discovery, but induces large distortions.
Topic: Stupidity is the reason - page 2. (Read 2224 times)
Yes. Stupidity. And greed. Stupid 'traders' that once again (like always) crash the price. Of course, greed also took us to 1200 but, but, if it was controlled greed, we'd now be at 5000.
Not true. Can't work. The smart ones just sold before the masses decided that we reached climax.
5000$ is not sustainable. Not this year or the next.
It is only possible with very low volume. Only a fraction of bitcoins are really traded. If early adopters are going to dump, we will see single digits again.
Yes. Stupidity. And greed. Stupid 'traders' that once again (like always) crash the price. Of course, greed also took us to 1200 but, but, if it was controlled greed, we'd now be at 5000.
And now you think that after we saw last 10 months, we'll go back to even 500? No. Not this year, maybe not the next one either.
And now you think that after we saw last 10 months, we'll go back to even 500? No. Not this year, maybe not the next one either.
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