I don't think that Moron's last tweet is related to the dump. It happened 2 hours after the first leg and 2 hours before the second leg. In the last days we've had a steady growth,
Huh? Steady growth? Hard to characterize various price movements within a consolidation range as "steady growth," no? Seems like too short of a period of a time and any BTC price movement needs to be considered within a context, including difficulties to characterize exactly what the fuck might be going on in the shorter term BTC price moves.. ..
so the weak hands postponed their dump until 39K+.
I thought that part of the definition of weak hands is that they are selling on the way down.. they are usually not having so much will power or forethought to dump on the way up.. even though surely some of them are going to be trying to catch the waves, a common understanding of weakhands is their emotionally going with the momentum, so they are usually not going to be catching the tops of waves, at least generally speaking.
This is the entry point for many STH,
What is STH?
so they are "happy" (mindrust kind of happiness) to quit now on break even or a small loss.
Your mentioning mindrust did cause me to get diverted (or would it be distracted), and I felt that I had to go look up and see what he has been up to, recently
(in terms of recent forum posts).
Surely your point is taken that some people who consider themselves to be bitcoin investors or BTC accumulators do end up getting so damned worried about whether their BTC holdings are "in profits" or not.
It surely takes a while to transition into both having confidence in bitcoin and getting out of the mindset of "dollar value." Yeah, of course, many of us do get invested into things before we understand them, so in that sense, we could well end up panicking and doing the wrong thing (actually the opposite thing from what we should be doing) at the wrong time.
Hopefully this is the last patch of losers going rekkt.
No way, Jose.
There are always going to be losers.
Bitcoin never goes straight up, even when it might appear to have gone straight up, such straight up never happens (or at least never feels like it is happening)... so... ongoingly, one of the guarantees of bitcoin is that peeps are going to get shaken out on a regular basis for a variety of reasons or even no reason at all beyond being scaredie cats of their own shadows. Some of them become disgruntled nocoiners because they sold too much (if not all) too soon on the way up.. and then the price never comes back down, and sure others get shaken out on dips like our current dip.
Anyway, Moron is also a weak hand and a n00b. Besides, he is an aspburger, so his soul is broken by default. I expect him to dump both his own and Tesla's bitcoins at some point.
He surely is showing a lot of weaknesses in the publications of his stream of consciousness or however we might want to label what he is doing.
This day should be celebrated, since the image of Bitcoin will be healed by another cancer lump like Roger Ver, Jihan Wu, CW and many other evil peeps.
Yep... we are kind of used to this.
Not that Bitcoin in itself can be damaged by the weak hands though. On the contrary, the switch to more serious and truly diamond hands is what matters in the long-term. (And the aspburger guy thinks he has diamond hands. Hilarious!
)
True dat!
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