I know that the technical chart said: "overbought, overbought, overbought!!" Blinking red... but I just want to express the fact that these chart movements really are caused by people who do not really believe in these crypto projects...
Hell, they do not even understand the difference between Ripple and Bitcoin, they just read charts and do not care a dime about what they are buying or selling. They do not even know about austrian economics or slow bitcoin transaction, as they only buy and sell over exchanges and transfer the money back to their bank account.
One told me a few days ago that Ripple solved the issues people have with their banks, by permitting quicker international transactions in seconds.
When it is rising people with these convictions go along... the trend is your friend.... but when it is falling they exit and never again want to hear anything about it.
This is what pisses me off... no interest in studying seriously why this is happening, what these projects are about... on the god side, they increase liquidity, on the bad side they increase volatility scaring some people to enter this roller-coaster...
So I think these people are not really beneficial to the community... they are a bit like a drug... they can get you high first, but then you have a really low low...
Can you imagine where these projects would be if people just chose to not liquidate and wait out of conviction until the market reached one trillion?
