Why do people act like moron at small increases?

[bitards]

Bitcoin is up what $10 from its daily high yesterday?
Yet every time this happens, to the moon......it is a trend reversal......douchebag waves, itchy balls in the clouds says so........
No one is happy that our low today in 220s later will be higher than earlier this week.
Little gains= real, large gains = volatility, manipulation, and dumb tards panic buying.

[1714472850]

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[1714472850]

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[1714472850]

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[1714472850]

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[ThatDGuy]

Bitcoin is up what $10 from its daily high yesterday?
Yet every time this happens, to the moon......it is a trend reversal......douchebag waves, itchy balls in the clouds says so........
No one is happy that our low today in 220s later will be higher than earlier this week.
Little gains= real, large gains = volatility, manipulation, and dumb tards panic buying.

Price sat at $225 for a week.  The Speculation forum has gotten boring, but those were absolute doldrums.  +$10 in a day is fun compared to the rest of the week.

It's probably not any of those things you mentioned, but this is how the Speculation forum works.

[stonerider]

Let me guess, you're bitter because you lost money with your short posistion?

Anyway, cool story, bro.

[bitards]

Let me guess, you're bitter because you lost money with your short posistion?

Anyway, cool story, bro.

I don't own any bitcoin, i'm a poor troll

[RodeoX]

People want to be optimistic I guess. I kinda look at a rounded price. I call it $220 when it's bouncing around that number. So $213 = $220 and $238 also = $220. 

[bassclef]

Because each rise puts a higher floor on the price and increases the chance that $2xx is a bargain.

[rower2000]

Trend reversal. This time it's true!!

[chriswen]

Cause a 5-10% gain is a lot when you're leveraged.

[Dilla]

The opposite end of the spectrum people act like morons at a small decrease.

[samson]

Why do people act like moron at small increases?

It's no act

[gentlemand]

There's an abundance of morons whatever the price is up to.

Having said that it does come across as pretty undignified when people start shouting about new paradigms when it's limped up a tiny amount. After the market doing what it's done over the last year or so any cause for optimism will be grabbed and milked.

[JimboToronto]

Why do people act like moron at small increases?

The same reason they act like morons at small dips.

If it's not trains and moon rockets, it's sinking ships and the Hindenberg.