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Topic: Why do people act like moron at small increases? (Read 1522 times)

legendary
Activity: 4116
Merit: 4738
You're never too old to think young.
February 13, 2015, 03:20:20 PM
#12
Why do people act like moron at small increases?

The same reason they act like morons at small dips.

If it's not trains and moon rockets, it's sinking ships and the Hindenberg.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
There's an abundance of morons whatever the price is up to.

Having said that it does come across as pretty undignified when people start shouting about new paradigms when it's limped up a tiny amount. After the market doing what it's done over the last year or so any cause for optimism will be grabbed and milked.

legendary
Activity: 2097
Merit: 1070
Quote
Why do people act like moron at small increases?

It's no act
hero member
Activity: 588
Merit: 500
The opposite end of the spectrum people act like morons at a small decrease.
hero member
Activity: 756
Merit: 500
Cause a 5-10% gain is a lot when you're leveraged.
newbie
Activity: 43
Merit: 0
Trend reversal. This time it's true!!
hero member
Activity: 924
Merit: 1000
Because each rise puts a higher floor on the price and increases the chance that $2xx is a bargain.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
People want to be optimistic I guess. I kinda look at a rounded price. I call it $220 when it's bouncing around that number. So $213 = $220 and $238 also = $220. 
newbie
Activity: 35
Merit: 0
Let me guess, you're bitter because you lost money with your short posistion?

Anyway, cool story, bro.

I don't own any bitcoin, i'm a poor troll
full member
Activity: 224
Merit: 100
Let me guess, you're bitter because you lost money with your short posistion?

Anyway, cool story, bro.
hero member
Activity: 728
Merit: 500
Bitcoin is up what $10 from its daily high yesterday?
Yet every time this happens, to the moon......it is a trend reversal......douchebag waves, itchy balls in the clouds says so........
No one is happy that our low today in 220s later will be higher than earlier this week.
Little gains= real, large gains = volatility, manipulation, and dumb tards panic buying.

Price sat at $225 for a week.  The Speculation forum has gotten boring, but those were absolute doldrums.  +$10 in a day is fun compared to the rest of the week.

It's probably not any of those things you mentioned, but this is how the Speculation forum works.
newbie
Activity: 35
Merit: 0
Bitcoin is up what $10 from its daily high yesterday?
Yet every time this happens, to the moon......it is a trend reversal......douchebag waves, itchy balls in the clouds says so........
No one is happy that our low today in 220s later will be higher than earlier this week.
Little gains= real, large gains = volatility, manipulation, and dumb tards panic buying.
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