Newbie1022
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July 18, 2014, 10:22:45 PM

What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.

You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.

Perhaps that was aimed at me.

No one is castigating day traders. But the bitcoin project is about more then a few % moves over 24 hours. Most of the 'traders' on here don't make any money, they lose it.

Not sure what your point is, you seem to be annoyed that holders continue not to sell. How is that in anyway harmful? Daytraders provide volatility, zero sum noise, and not much more to the market. New money from holders and new bitcoin investors is the only thing which will drive the next bubble. The ground work is being laid right now. Who knows when it happens. I can't speak for anyone else on this thread than myself, but I am entirely indifferent to short term noise in the price, I only care about the trend.




They can hold if they want... just the peer pressure aspect of it I find disconcerting. Also, it is a project towards disrupting fiat currency and thus to have applications in commerce. If it is to have applications in commerce that means it isn't hoarded (at least not totally) because then it never makes its way into commerce. Additionally, there exists a large contingent of hoarders who are expecting the price to rise exponentially and have no deeper affinity to the cause of bitcoin than a john has to a nightwalker -- they're just in it because they think they might get lucky to retire on it... and yet the price does not rise exponentially because there is no upward volatility on good news because these guys are stifling that very volume (almost an unwitting, even more than normal, tragedy of the commons type scenario).

Anyhow, it is what it is... but I really wish people would at least think about the ramifications of the ideas they push a little more.