Topic: What's the reason for the recent price dump? (Read 877 times)
People are dumping prizes now? How do I get in on this? I want a prize too! Where can we get these prizes?
this was my guess:
So why is the price not going up like crazy because of this??? Are people just clueless? I would buy more if I could right now!
^ that is exactly the reason. The vast majority of people ARE clueless about Bitcoin. Out of the few who own Bitcoin, the present market makers are currently mired to the price, who are currently panicking [as they see it plummeting]. People like you who know better have already possibly expended their capital, possibly because they already believed in the long term, unable to counter the downward pressure.
The general population is insanely ignorant about Bitcoin - and here's proof.
all this bearish talk on the forums...
"If you repeat a lie often enough, it becomes the truth."
paraphrase that Goebbels quote a bit and it applies to us too
So why is the price not going up like crazy because of this??? Are people just clueless? I would buy more if I could right now!
^ that is exactly the reason. The vast majority of people ARE clueless about Bitcoin. Out of the few who own Bitcoin, the present market makers are currently mired to the price, who are currently panicking [as they see it plummeting]. People like you who know better have already possibly expended their capital, possibly because they already believed in the long term, unable to counter the downward pressure.
The general population is insanely ignorant about Bitcoin - and here's proof.
all this bearish talk on the forums...
"If you repeat a lie often enough, it becomes the truth."
paraphrase that Goebbels quote a bit and it applies to us too
mtgox is scaring everyone.
Bubble deflating, seen it coming etc., blah
All the above could have been said for 2 months, yet the forum reeks of self-fulfilling prophecy panic now
The question is why is it dropping now?
(How) is the Winklevoss IPO filing related to this?
All the above could have been said for 2 months, yet the forum reeks of self-fulfilling prophecy panic now
The question is why is it dropping now?
(How) is the Winklevoss IPO filing related to this?
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