ShroomsKit
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May 27, 2014, 09:18:27 AM

Here's a tip for those people who keep dumping around 600. If you don't dump the price will go up and your coins will be worth more. Crazy rocket science, i know.

That's a prisoner's dilemma type situation though that could never happen in practice, because one bad actor dumps and takes advantage of the other people holding.

Anyone who dumps here without buying back in short order is as stupid as I was in 9/2013 selling 2,000+ btc, my biggest (and by and large the only) really stupid trade.

That's not bad if you could learn from your mistake and 2000BTC was only a small portion of your profile.

Yes, both.

But at this point anyone should just hold on to their coins, since the risk/reward going forward 3 months is just so unbelievably good. I can't think of any reason to reduce the exposure right now. Even selling at 400 had some merit for some, but selling now does not.

(Trading aside - you can try trading an uptrend, I don't, but if you are good go for it. Ask the ones who sold at 547 a few days ago what was their buyback  Roll Eyes )

Only a complete fool would sell now. And a lot if Bitcoin traders are just that.