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RE: Altcoin Markets Hurting As People Flood Into Bitcoin Before August 1st
Couldn't of said it better it myself. Not to mention all the people who don't know what's going on and are panic selling. The amount of friends that have said "oh yeah I am buying for the long term" and then go and sell sell sell when the market's a bit stroppy is just ridiculous.
Weak hands lose money in the long run. Patience and trading without emotions is key. Those who dont do that, dont stay very long.