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Author Topic: Who Tends To Be More Crazy and Irrational Buyers or Sellers?  (Read 831 times)
Bit_Happy
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July 25, 2011, 09:12:57 PM
 #1

Yesterday people were panic buying at 14.00+ up to 14.72 in a fast amazing spike. Right this moment, people are desperate to sell at ~14.08

For example:
Quote
[14.08912,128.61450649],[14.09,143.01693116]

Who Tends To Be More Crazy and Irrational Buyers or Sellers?

15DYJpWJe9H1YofsNQbP9JEWWNn7XPZgbS
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The_JMiner
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July 26, 2011, 12:31:49 AM
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Who ever is more desperate.  Which imo are usually the sellers.

MilkMan
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July 27, 2011, 12:02:43 AM
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Who ever is more desperate.  Which imo are usually the sellers.

No the reason is because an intelligent person treats a Bitcoin like a piece of stock. Look at it as an investment. Since most people on this form have no stock trading or SEC experience, they make bad decisions. Good for me!
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July 27, 2011, 12:05:22 AM
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Who ever is more desperate.  Which imo are usually the sellers.

No the reason is because an intelligent person treats a Bitcoin like a piece of stock. Look at it as an investment. Since most people on this form have no stock trading or SEC experience, they make bad decisions. Good for me!

Agreed everyone freaks out and sell sell sell. Very emotional.

Yet imo a lot of the new people are selling for ANYTHING because they just got into it recently (last few months) and want to pay off their new hardware.

MilkMan
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July 27, 2011, 12:25:46 AM
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Who ever is more desperate.  Which imo are usually the sellers.

No the reason is because an intelligent person treats a Bitcoin like a piece of stock. Look at it as an investment. Since most people on this form have no stock trading or SEC experience, they make bad decisions. Good for me!

Agreed everyone freaks out and sell sell sell. Very emotional.

Yet imo a lot of the new people are selling for ANYTHING because they just got into it recently (last few months) and want to pay off their new hardware.

Hey If you know people selling BTC cheap, send them right over to me Smiley. I will buy them all, I can make bank deposits, send Moneygram, send MoneyPack, I'll do whatever to get them their cash lol.

BTW I've been trading penny stocks on Etrade since I was 18 and If you can't handle a small dip in the price of a Bitcoin, this is the wrong business for you. I had penny stocks that would go up %33 in one day!  (I've also had them drop 50% in one day)! I've never seen a Bitcoin do that! I actually consider Bitcoins a safe investment, and I'm a risky guy, playing around with penny stocks.
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July 27, 2011, 12:32:42 AM
 #6

good summary

It is true that many bitcoiners got into trading doe th first time and can use some guidance.

fundamentals do not really work for bitcoins, particularly in shorter time frames.

This is why I am offering technical analysis for bitcoin since Oct 2010 which has guided many bitcoiners well through the storm, and often avoiding irrational trading decisions.

The weekly analysis report will cover th current situation in detail

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
MilkMan
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July 27, 2011, 12:46:42 AM
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good summary

It is true that many bitcoiners got into trading doe th first time and can use some guidance.

fundamentals do not really work for bitcoins, particularly in shorter time frames.

This is why I am offering technical analysis for bitcoin since Oct 2010 which has guided many bitcoiners well through the storm, and often avoiding irrational trading decisions.

The weekly analysis report will cover th current situation in detail



Hey that was a good idea man, I give you props! I think your site should do well. Lots of BTC ignorance floating around...
The_JMiner
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July 27, 2011, 01:00:49 AM
 #8

Well now who knows what will happen since Dwolla is out of commission with the exchanges.

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