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November 20, 2014, 08:03:12 PM |
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So the price went up and some people got very excited. Some of us knew that some whales would come along and dump the price back down. There was no reason to think that the price was about to explode. There wasn't a massive influx of new bitcoiners.
This is a lesson to learn. Don't buy high when a dump is impending.
The next ATH will happen when we get a sufficient influx of noobs. It may happen slowly or it may be a bubble.
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