Well, when people see the price dropping because the dump they will panic and join in.

Only stupid people.

Why would that be stupid? They will be about to lose all of their money. That's just how they try to save some of it before they lose all of it in the dump.

rational behavior

I think you forgot a zero or two.

I sold 1/4 of my stake at 4k and bought back in at 3k because I knew people would panic. But I also knew that people would soon realize that a coin is not a single pool, nothing has changed. Anyone who gave up coins for a loss either did not know what they were investing in or outright panicked.

They lose money I gain coins for the same investment.

I invest in long therm i didn't touched my balance...
In one year or 2 i will decide what is going on...
How community is dealing with problems.

You are looking just for opportunity to quick $...
There is a big difference with market behavior between us.

In long run noone can predict future me or you.
With quick buying selling you can win 2x in row and lost all 3rd day because some whale will beat you and left you with useless coins.
There always will be someone smarter bigger than you or me.
That is why i stopped trying daily trading selling with panic buying on hype...
Emotions are worst companions.
Investing in BC is more like investing in community and with people with who you want
build coin position that only can brings you true profit in future.

scratch that, that was the total sell volume lol early in the morning here

+1 absolutely

I agree with what you are saying, but unfortunately most players in this game are after a quick buck and that is what drives these markets. Only if blackcoin can become commercially viable will it have a long term future as a utilitarian currency