So this week.....
AlienWare accepts bitcoin.
Baltic Air accepts bitcoin.
Dell accepts bitcoin.
Bitcoin drops around $30 for NO FUCKING REASON WHAT SO EVER.
Oh yah, there is a reason, all the idiot sheep lemming traders who trade BTC for no other
reason than its trendy.
I keep seeing articles about the biggest threat to bitcoin...
The biggest threat to bitcoin are this idiot sheep lemming traders who run down the price
on their own panics.
The general public is NEVER going to put large amounts of money into bitcoin
when they see articles about bitcoin dropping 10% overnight for no reason other
than the idiot sheep lemming traders panic or some moron hits the wrong button
and sells 2 million in bitcoin by mistake.
The idiots trading just to trade are going to run bitcoin into the ground and drive away
the general public who we need accepting it when they manage to drop the price 10%
overnight and cause panics.
AlienWare accepts bitcoin.
Baltic Air accepts bitcoin.
Dell accepts bitcoin.
Bitcoin drops around $30 for NO FUCKING REASON WHAT SO EVER.
Oh yah, there is a reason, all the idiot sheep lemming traders who trade BTC for no other
reason than its trendy.
I keep seeing articles about the biggest threat to bitcoin...
The biggest threat to bitcoin are this idiot sheep lemming traders who run down the price
on their own panics.
The general public is NEVER going to put large amounts of money into bitcoin
when they see articles about bitcoin dropping 10% overnight for no reason other
than the idiot sheep lemming traders panic or some moron hits the wrong button
and sells 2 million in bitcoin by mistake.
The idiots trading just to trade are going to run bitcoin into the ground and drive away
the general public who we need accepting it when they manage to drop the price 10%
overnight and cause panics.
Why you mad, bro? I got burnt this week because I bought back heavier on the good news only to get chopped down to size, but that's what happens in markets. Arguably, the news was priced in. More perniciously, there is market manipulation because this is a market largely unfettered by regulations (something that has tremendous benefits and setbacks). You win some, you lose some. Hopefully we get a kick back in the upward direction and your situation improves. But, you're an adult in an unregulated, wild west market by choice knowing that you are going to have fair weather investors and market manipulators. Think. Plan. Focus long-term (whether that be bullish... yay, you can buy more now... or bearish our of concern about investor irrationality). Play your (long-term) hand.
