Odalv
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May 11, 2013, 06:09:14 PM

We were at $165 post crash.

So the biggest risk to the market is everyone who bought in at $200-$260, who are just waiting to dump everything and exit? So wait, they rode out the biggest BTC crash in history, wait 3 months, just to sell at a loss when the price is getting back up to where they bought in? That seems like poor financial planning.

They dump coins, leave the market, people buy them up, it's not really that big of a deal. It's been going on daily for the last 2 months.

That discounts everyone who bought in at $200-$260 and are sitting on huge losses right now.  I'd assume most are looking to bail out of this market as soon as possible but have no choice but to pray for some sort of increase to at least minimize the damage.  If we should see a spike back to $160-$180, I'd expect a flood of selling at the peak as people cut their losses and run for the hills.  Don't think I need to specify what happens to the markets next...

I didn't say this was the biggest risk to the market, I said your comments don't take this into account.  No, it is not sound financial planning but I'd say those who bought in at $260, were not making a wise financial decision to begin with.  Unless of course they are planning to go long, which at this point in time, no one knows if it will be the greatest decision of all time or a flop.  But let's not pretend there isn't plenty of money that saw the huge rise and jumped in on pure greed, hoping to not miss the train and will look to cut their losses if they can.  That was my only point.

Do not worry $260 are quite cheap coins.