What is happening to Bitcoin is positive

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Topic: What is happening to Bitcoin is positive (Read 2586 times)

Dalmar

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Re: What is happening to Bitcoin is positive

February 13, 2014, 12:02:09 AM

#21

Quote from: kwukduck on February 12, 2014, 09:24:38 AM

I think its the average Joe that is mainly panic selling and the big boys are just buying more and more.

If you study the charts, the recent panic selling was started by big holders. Thousands of bitcoins were dumped in a matter of minutes after the Mt.Gox announcement. The average small time BTC holder most likely did not even know about it at the time and dumping was actually instigated by whale type of holders.

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5thStreetResearch

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Re: What is happening to Bitcoin is positive

February 13, 2014, 12:05:28 AM

#22

Thats like being a parent and your 16 year old gets arrested for armed robbery. Then you rationalize it as being ok because he 'needed to learn his lesson and grow up'

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