WeltMaster
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July 19, 2013, 02:55:55 PM

interesting part is that people who are waiting for confirmation of trend reversal (which i think already happend and bubble deflated at $65) for $120 mark then they will have to buy back half the coins they could have at $65.

People here often show 2011 bubble to compare to 2013 one but they seem to don't see that no matter what, after one bubble there will be another 10 times bigger. This was the case 3 times now and will happen again. Then why one is trying to hit the bottom to buy if they can just buy now, sit, relax and enjoy the ride to the top? They will profit anyway and trying to hit bottom may as well end up in losing coins.

Doesn't everyone want to maximise their wealth?

If you can buy at $50, rather than $100, you are going to have double the wealth/Bitcoins, no matter what the price ends up being.

That doesn't mean everyone has to buy/sell. You should do what feels best for you.

of course they want to maximise profits but the problem i am pointing to is that nobody know when bear market will end. There is no chart who will tell you this. All i read here is just pure wishes.

People selling their last bitcoin to get out of the 'scheme' screaming how much they have lost will be a good indicator.