Bitcoin Forum

https://i.imgur.com/IwRmqfi.png
SELL IMMEDIATELY

GO SHORT, ABANDON SHIP!!!!111!12

 ::)

In other news, this belongs into speculation (if at all in this forum...)

A valiant effort.

No, it will first hit my sell offer at $78. Only then it crashes  8)

Lol the way things are going, selling at 78 may seem like a bad idea in a few weeks.


Then again you could wake up tomorrow and it's 20$

The rate of increase just shifted as of the 5th.  The market is heading into its next phase.  It has already gone through accumulation, early shack-out, ramp up.  Now it's heading into early distribution.

Expect to see wild swings in the next few weeks. And an eventual sell-off... then BC will establish a new base, and the cycle will repeat.  But the charts are indicating there is still plenty of power in the distribution phase.  I'm holding and watching closely. 

Having said that if BC is still here in 5 years, $50, $60, $100, hell even $200 will be cheap.

What game are you playing?  Speculation?  Long-term investment?  Day-trading?

If you're holding out for the 5 year window or more it would be stupid to sell right now at any price with the momentum BC has currently, and is only building.

But human nature as it is, we'll see several bubbles along the way, with irrational spikes and crashes as we might only see in the oil futures.  Nothing will change that.

Don't let the bubbles scare you out of the long-term macro trend here. 

Sell at or near the current bubble top, load up for double number of BTC at the bottom.

Oops. Crash has been cancelled for now.

OP better go back to just trash talking bitcoin after this epic fail  ;D

What this chap said 110% kinda guy you would want to have your back

this crash is really terrible!

just wait.

http://s23.postimage.org/ybe4o6agb/bubbletop50dollars.png

its going for another peak!  :o

Sell Sell....46.81...LOL
 

I absolutely love how 99% of bear threads here are parodies.
"BEARODIES" if you will.

The few people who make the 1% of bear threads that are serious - well, they must be pretty stupid have some balls I can't decide, maybe both?

Thank you! :) I love the fact that there are ups and downs, but fundamentally the currency is going up and it will continue to go up...
Sorry bears, or the way I call them, MORONS! :)

we aren't going to hit 49 again for a while

I told you guys it would crash at one point  ;D

LMAO!

Indeed...  probably not until tomorrow  ;D

Losing 6 hours of gains is pretty pathetic for a crash.

You guys are all trolling saying that this is a crash correct? I need at least a daily red candle to call a crash. You can't trade the 15m graph, a bit of sanity!

That being said, this is a hell of a bubble, I have no idea of when it will stop. I guess triple digits.

Or tomorrow morning.

bitcoin price is going up mostly by speculation, expect TRUE huge crash to 15USD or lower within 2 years timeframe on 95%. You were warned!

Please quote me for future reference. Thank you

http://bitcoincharts.com/charts/mtgoxUSD#rg30zig6-hourztgSzm1g10zm2g25zv (http://bitcoincharts.com/charts/mtgoxUSD#rg30zig6-hourztgSzm1g10zm2g25zv)

Back to 42. Volatility baby!!

http://www.youtube.com/watch?v=gMsa_CBZ3Os (http://www.youtube.com/watch?v=gMsa_CBZ3Os)

Can you imagine if the stock market dropped 20% in a day.

This some white nuckle ride.

Don't worry when you wake up tomorrow it will be at $60 :-)

More likely $30 within 48 hours or so, but time will tell

It is 41 already :-) Remember that bitcoin can reach 20usd without losing the uptrend.

im gna lose my ass today. about tosell what i have and try again later.

When bitcoin hit $47 I moved my bitcoins to MtGox to dump them all.  The transfer took so long and MtGox is so extremely slow that by the time the bitcoins made it the price was $42.  Now I have an order to sell and the price is below $40, with my order still pending.  

Sell or crash!

[deleted]

We need both hype and crash to test the faith and support  :)

Absolutely.

Whats the chance it will make it back to $40 tonight?

Panic is setting in, especially with the huge lag on Gox.

I think it's gonna keep going down for a bit.

perhaps too many orders lol

No chance for it to happen tonight? What do yall predict after ppl stop selling off their coins... tomorrows prices? It will come back wouldnt it? Its insane how a few ppl sell off, which causes a few more to panic, and before you know it everyone is frantically selling..

my instinct tells me too also but i may wait still

well yeah, now it is relatively cheap. 36? wow,

We have lost support on cavirtex.. support has moved to 32.. that's probably the next step.

Lets sell past that 30 dollar mark!

SELL SELL SELL

Last price:$34.00000
High:$49.09900
Low:$33.83133
Volume:157416 BTC
Weighted Avg:$43.67950

on my mtgox page

Sold at 45   :D  ZORGBERG!  Now let's see how low it goes before I buy

 :-* :-* :-* :-*

http://www.youtube.com/watch?v=zCfoCqM93Eg

Without even reading the rest of the thread:
Thanks dude. You just made my day. Laughed so hard!  :D

It won't be a real crash until we get at least a red candle on the weekly.

called it.


try 6 days

As long as we are posting charts, this one's live:

http://bitcoincharts.com/charts/chart.png?width=600&m=mtgoxUSD&SubmitButton=Draw&r=2&i=15-min&c=1&s=2013-03-07&e=2013-03-08&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

The sells are piling up on cavirtex..   Seeing much more down pressure than support

The crash seems real. Probably down to about $15 again. O well, buy low sell high, repeat.  ;D

Bull Trap?

the trading engine lag is at 6 minutes now on gox

how can you tell?

notig haz got a trading engine lag meter

https://mtgox.com/api/1/generic/order/lag (https://mtgox.com/api/1/generic/order/lag)

It's the MtGox Fail Meter.  Was at 7 minutes, now 9.  Who knows, maybe the price is $50 right now or $35. 

I saw it as low as 6 a few minutes ago. Either they are having hardware trouble, or else a bunch more people (or bots?) are piling on with more new orders.

Does this actually delay the price quotes or is it just related to time a trade takes to settle to a traders account? If prices are off by that time lag then it would be impossible to do any trading.

Its the order matching engine.

Such amateur service

Indeed.. Im really impressed so many user still trade on Gox !  They make 10k$+ a day, and are not able to get a better setup to cope with heavy traffic !!!  I've moved on alternatives trading service a while ago, and do not regret at all.. Dont miss those lag and those unavaillability..

Remember, in a day like the 170k+ volume, they make more than 60 000 $ profit, for 24 hour !  And are still on cheap hardware / connection !  What a lame !

AFAIK they still dont have stop-lost order !  I'm mystified !!!

Just move your trading on some alternative trading service, some are much better !   Just try, you may never come back to Gox !

Very true, with the amount of money they earn they should be able to provide a server without any lag. The yubikey they sent me a few months ago(free of charge) however was a nice initiative and very much appreciated. What's keeping me from gox is the long time it takes to get my money out aswell as the lag & cost of transactions. There's better & cheaper exchanges around.

Ye-ass, kommander! Beetcoin ease crushing!

Ooh the mtgox "trading engine" lag message, how I miss those *not*.

I remember the moon landing gif when Mt Gox hit 1k. Will we know these feels ever again?