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So much for "shaking out the weak hand"
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Topic: So much for "shaking out the weak hand" (Read 885 times)
chriswen
(OP)
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So much for "shaking out the weak hand"
April 11, 2013, 08:32:51 PM
#1
This is hilarious. After all this hard work and effort people put into shaking out the weak users of bitcoins.
All those bull who bought at $150 -175 got stuck in a bull trap.
And when mtgox opens, the people with the money will mostly be the bears. And the bears will get more bitcoins. So, in the future we'll have more bears holding onto coins.
NamelessOne
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Re: So much for "shaking out the weak hand"
April 11, 2013, 08:36:00 PM
#2
I'd say a lot of the weak hands also chase the price scared to miss out. It isn't just permabulls the buy up.
Zangelbert Bingledack
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Re: So much for "shaking out the weak hand"
April 11, 2013, 08:37:21 PM
#3
OP is forgetting attrition. Most of the bears sold wayyyyy early. You don't see them here talking about it because they went into hiding, though some are coming back as the price falls. The ones who called all the peaks and troughs are loud about it, so they overrepresent. A few of them will do that, but most lose their shirts trading and either go away or become strong hands as reality forces them to assess their get rich quick plans more soberly and decide that mere exponential growth is not that bad.
Newscastix
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Re: So much for "shaking out the weak hand"
April 11, 2013, 08:45:07 PM
#4
Quote from: chriswen on April 11, 2013, 08:32:51 PM
This is hilarious. After all this hard work and effort people put into shaking out the weak users of bitcoins.
All those bull who bought at $150 -175 got stuck in a bull trap.
And when mtgox opens, the people with the money will mostly be the bears. And the bears will get more bitcoins. So, in the future we'll have more bears holding onto coins.
lol... this made me think of a meme... posted it here:
https://bitcointalk.org/index.php?topic=158739.msg1808758#msg1808758
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So much for "shaking out the weak hand"
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