Good call indeed (was the China BTCC news just the perfect excuse for this to play out) ..
This rise and fall of BTC in past 4 months has confirmed what is true.
+the masses are sheeples
They will buy when price goes up and reassure themselves of a new moon landing (after the fact)
+ a lot of short term traders do not know how to trade medium and long terms. They say " you cannot forecast the future" lol! at them
+ wave B is trully a suckers rally and fools all
everyone (inluding master luc and chessnut) were convinced we were going up to crazy highs
+ now we are back to rationalization as a last resort - after the fact - after the market sells, we find excuses to pint to and say "that is the reason price fell" - no it wasnt! lol
+ prices move up and down coz of people. if you watch people, you will get a feel of the majority sheeple sentiment.
Anyway, we said here a lot of time even before price went up, that, as soon as we hit a high, *some* event or series of events would lead to a sell off and we woul use that as a n excuse fore the price fall
WATCH THIS THREAD and save yourself some stress!
Some throwbacks to show it is indeed possible to forecast the future by probability
From 9 months ago