mmitech
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things you own end up owning you


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January 07, 2014, 09:58:17 PM

yeah, the newbs need to stop going around finding news to justify price movements. market forces are generally much more powerful on the mid-term scale anyway. what we're seeing is a healthy mid-term correction to a very large bulltrap. this shouldn't be news to anyone, although i know many didn't believe it when it was mentioned on the way up.

whether news should impact the price or not doesn't matter when so many are watching out for it as a means to pick up more coin.

also to ignore the news means you have no doubt as to the long term prospects of btc, a lot of people don't share that sentiment yet so like to be prepared to bail.


But you can't use the media as your only means of justifying trade in any market and that seems to be what people are doing.

well let me break the oldest "trick" in trading history, buy on rumors sell on news, well it is risky but as well speculation is....