Bitcoin Forum

WERE GOING DOWN SUPER FAST. HOLD ONTO YOUR BUTTS. i'VE NEVER SEEN THE PRICE GO DOWN THIS FAST. SELL SELL SELL.


http://johngaltfla.com/wordpress/wp-content/uploads/2011/05/HOLDONTOYOURBUTTS.jpg

We've seen the price go down faster twice in the last month, lol. But lets see how far we can go!

AT THIS RATE OF FALLING WE'LL BE AT 20$ IN 10 MINUTES SELL SELL SELL

DON'T TRY TO CATCH THE KNIFE, I'LL DO IT FOR YOU. I'M A HERO.

I'm buying as we go down, like always :-)

EVERYONE BE SURE TO SELL AT THE ABSOLUTE BOTTOM!!!!!11

Zoom out on your historical price graph. Look out 1 year. Hardly a crash is up $60 then down $10. lol

So many noobs around here think they know what a "crash" is.  ;D

I'm buying! :)

LOL or if they did have any BTC... and have to rebuy at 70.  YAY!

Should have a FUD filter on bitcointalk... or  autodork filter...

It's the weekend take advantage of it.  Last time to buy below 61.

YOU BOUGHT AT THE WRONG TIME, IT'S LOWER NOW. DUN DUN DUN.

I could have sell at 52 €, but mtgox and bitcoin confirmation is too damm slow. Now, I just don't want to sell. I want to buy but I think I need to wait a few days for the bank transfer I did a few days ago, so go down, and keep down for a few days :p

Modified, its 52 euros not $

Im still buying!

lol, one can buy or sell gradually. I think most smart traders don't sell & buy everything they have at any one moment. :-)

Seeing catching the bottom or top is rather difficult it's smart to keep buying while going down, selling parts as you go up.

All of you "lame ass sellers" who sold at < $50 can buy back in $10 higher ....lol

Nice.  Picked up a few.

I was thinking about $65 - but maybe $60?

Got dry powder in reserve.  We'll see.

OMG ITS IN FREE FALL.

PANIC, THIS MAY BE YOUR LAST CHANCE TO SELL SELL SELL

OH NOES TEH CRASSSSEHHEESS!!! D: D:

This is a nice view, from this cliff. Oh my its slippery...    WAAAAAAAAAAAAAAAAAAAAAAaaaaaaaaaaaaaaaaaaaaaa..................................

It's funny when I created this post I was being sarcastic but it really is dropping.

WHEN DO I BUY?! ARHGHGHGH

I dont like when price crash at all but now i dont have any coins and want to buy so i will be happy if price go to reasonable level for me so i can buy about BTC100 000 :D I mean $ 2-4 will be nice  :P

KEEP SELLING WHILE WERE AT ALL TIME HIGHS QUICK

Now, fool.

A little now, a little later if it keeps going down.  And so on.

im waiting to buy at the very point it ticks up... but damn its falling HARD

Haha this is awesome actually.

This will look insane on the charts, haha

Sigh.

You can't pick those points.  Just buy on the way down at stops along the way.  Dollar cost averaging, y'know?

Seriously Bitcoin needs to be renamed Crazycoin or Rollercoastercoin..

Fearcoin or PanicCoin could also work

Haha I'm like laughing hysterically. Cause the price dropped likea  big 2 dollars and I made thIS post really as a troll/joke and low and behold it looks like a pretty solid correction going on.

SELL MORE.

 ;D  :D

Dat lag... what is that, mtgox rebooting the trading server ?
https://i.imgur.com/MfoTa2Y.png

why is it dropping so hard though? Is t5here one major player selling all his coin or something.


I dont like to see 20$ drops in a day!

Just lots of people selling I'd imagine. I wonder what will happen when North America wakes up.

There's a major player who wants to buy back cheaper.

Beat him to it.

uh oh it stopped at $53 is it a go or what?

Me neither everything you just bought you should sell now.

QUICK.

Its going back up! Yayyy!

Someone just hit the buy button... bounced back to $61 !!! This is crazy.
And down to $53 while typing this.

I never went to sleep! (In U.S.) Gah! SCREW COINBASE!

;)

Same here actually, I mostly meant 'when the rest of North American wakes up'  LOL

Screw you guys my feeds aren't working now. Rofl.

WHATS HAPPENING?!

That buy was super weak though, like 200 coins max.

PanicCoin - Panic buy-in now, panic-sell later! Works the other way around also!

That's funny, I had the opposite reaction.  I was like... aw   :-[

 :P

too many rookies in this game.... But I have been making too much money and fast the last couple of weeks...IM LOVING IT

Why would anyone sell at weekend? It's the worst time for selling to gain profit but it's the best time for selling to manipulate the market and get the price as low as possible. Don't believe it until it is Tuesday/Wednesday next week and if the price is still falling then it might be real. Considering I'm in the long term anyway I really don't give a shit. Only the newbies here might get scared because they see such sudden falls for the first time. I've seen it a lot, it will pass, it's just speculation, nothing serious (bad news in bitcoin world or anything).

Seriously everything is still telling me it's still at 53, even my phone.

What is it for real?

Big buys due in about a half hour.  Before the US wakes up.

Well, I got a few.  It was nice.

But I remember June '11.  So I guess I'll catch some Zs.

Congrats, Jrock.  You made the most popular crash thread of the day lol.  ;D

WIN.

Except for the fact Mtgox and all my feeds are screwed up now, I still don't know what the price is atm lol.

I'm in the USA and would assume most of us that are on MTGOX have pulled all cash pending the Coinlab deal. I know I have been pulling my $1000 a day limit all week.
I would love to be buying right now but only have my Bitcoins left. Oh well guess I have to just watch.

I just found out about http://bitcoinity.org/markets today

in reverse now, up we go!

I love it! Thanks

AnnnnnD its over. It was fun while it lasted though. Now will linger around 60 for the rest of the weekend and monday shoot up to 80$. Mark my words!

59$?! The eff guys. I had higher hopes in all of you.

Or should I say lower hopes?

fuucccckkkkk I cant buy on MTGOX and its flying back up!!!  :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'(

Yea, I think so. :)

According to that mtgox feed you linked me i shouldve bene sold into, but my mtgox order is clearly still there.

 ???  >:(  :'( :'(

well if you played your cards right you just made 12% in about 10 minutes  :o :o :o :o :o

+1. Dead cat bounce in progress. Please wait...

somebody is purposely bringing the prices lower wit low transactions and causing people to panic... look at the mtgox trading engine... If you think about it... NO ONE TRADES LATE AT NIGHT!

LOL YES.

After 5 minutes of refreshing Mtgox it looks like my 54$ bitcoin order was sold into.

I almost thought I got screwed there.

Now it's gonna crash to 20$ now that I went all in.

Gotta love those capital controls :D

"The pump & dump Gox robots war"

The world is bigger than whatever village you live in. It's full on day here...

Panic buy!!!

and down again... crazy

OMMMMMMMGG CRASHHHHHHHHHH AGAINNNNNNNNNNNNNNNNN

FALSE ALARM

you must be apart of the pump and dump team

hehe, I never dump, I always pump ;-)

Is Mt Gox having issues? Mine has been showing 61.95 for a while now.

no idea. I use this one:
http://bitcoinity.org/markets?currency=USD&exchange=mtgox

I think Mt. Gox is onto the pump and dump team because everything is frozen... Some geek has a machine going selling coins .25 at a time

Thanks, Mt Gox Live always lags my POS laptop to death.

I feel sorry for whoever sold their coins at 50 bucks tonight... Damn

Relax, it's just a correction.  $75 for a bitcoin?   :D

The price will stabilise at something realistic soon enough.

Why? There's no reason it won't swing back there again. There's a ton of volume atm.

I do not, suckers should be taught a lesson. Who the hell trades at all and even panics in such a shallow market. All this volatility over weekends is pretty much irrelevant it only serves to liberating bitcoins from nervous nellies.

Shhh!!! Don't tell them, come on!!

:p sold some at 69, repurchased at 55... (also sold a few at 62 that I haven't reclaimed yet)
Pretty good day overall though for me ^-^

+1
 No room for weak hands in this market now. All eyes are on us people. The world is watching so lets not give them a repeat of the last crash without any flaw within Bitcoin itself.

Sold at 67.50-63.50

bought back at 53-58


not to shabby, I almost made enough for a 4th avalon!

:)

If only they would go on sale already!

:(

... and of course a few extremely savvy traders will post how smart and cool they are. Meanwhile I look at the chart and see 20k+ BTC sold below 60$ just minutes ago. Of course, for every seller there is a buyer. However, I bet that it was weak hands selling and strong hands buying. Overall it is a good thing.

Whoever sold will most likely get the chance to buy back a lot more in the coming year(s).  This is the beginning of the long correction.

Of course I'm only trading less than 10% of my total stock... so.. its just for fun in these interesting times.
(Though I did make a large purchase yesterday with some of the other 90%)

Geez and was starting getting worried, thanks proudhon. LOL.

yep, everthing is golden now! proudhon is spoken, the price is about to rise again guys, everyone buy!

Bro I seen 181387 volume and the next day it rallied again

Price is growing like hell again. Hold on, don't buy it - let me fund my account with cash...

Anyone else got screwed?

Buy at 70 with $1400 > Instantly crashes to 62
Raises back to 68 > Go to bed
Wake up 5 minutes after it has crashed to 55 > Sell at 56
Raises to 64

Quite the experience for a first time trader.
Now I have to leave for a few hours, not sure whether to buy in or not.

You need a very long vacation somewhere without internet. It helps.

 During the last few weeks I've got a rule: just stay in bitcoins and you will not lose anything )...

Just buy in and hold. Leave the day trading up to the pros, and you'll come out better then most of us!

Not sure if that would be beneficial to this community.
But if you think it would be a good idea I will probably go for it.
Just remember I warned you when it plummets as soon as I press the buy button.

Don't do that!!

Don't get sucked in.

Buy and hold!

Greed is kicking in.
Come on, drop to 62 to fill my request and I will hold.

Hope it works out for you.

62,65,74, whats the difference when its at a $1000? Just buy your coins and make that money while we all sit back and laugh all the while eating popcorn and wearing 3d glasses.

It did not...

Good thing this student does not need money.
Damn it, stop going up.

What did I say? :P

There will be a final crash one day - hopefully not too long from now, so that it doesn't destroy too many people's savings - because there are indeed fatal flaws within Bitcoin itself. I just hope to be able to have some fun and take some of the wide-eyed fanboiz' money until then.

To what flaws are you referring?

I love this crashhhhhh Now is Ironic again :p

52 € Now

I too see a fatal flaw.
It's not clear to me that the Blockchain can be transported in the exodus to different star-systems once our Sun starts to die.  I just don't see how this can be done in a decentralized manner and still be considered the same Blockchain - especially, considering our ancestors will possibly not be evacuating to a single new location.

Quantum entanglement, we'll have it mastered by then ;)

It will safe to fork blockchain (for every star) because you cannot double spend. :-)

All we will need is FTL comms and the problem is solved.


Do not forget to dyson sphere a few stars per habitable planet to prevent 51% attack.

Anyway, Satoshi is probably not from Japan but from Alpha Centauri.

They were like.. "WTF!? these monkeys still have not figured out how to do money? Hey Prometheus, transcode some our ancient code to their C++ and plant it, should be fun".

But surely 'we' being such technology fans - will have uploaded ourselves into computer systems or otherwise morphed - so 'humanity' as a whole can be (loosely) considered our ancestors . As mere un-enhanced humans will be the last to leave the planet - it's they who will last be using the original unmoved blockchain.

Well ok - yes  that was an embarrassing mistake   :P

Krabby, there are lots of pros in bitcoin; its an esoteric area with lots of econ ppl and traders.  Don't try to beat ppl who do it 40hrs a week.  Or plan to lose $. 

Best strategy for an amateur in a security with strong fundamentals.  Buy on the dips and hold... hold hold!  Hold no matter what! :-)

Who makes a stupid thread like this? The price is anything but down.

There are two ways you could have done it better: 1 - Buy the bitcoins, turn off the computer and don't worry about their current price too much. When you want to buy something, check the price of bitcoins to decide if you want to spend a bit. Put in some sell orders for a percentage of your holdings at prices that seem absurd to lock in gains so you won't miss price spikes (like sell 50% when the price hits 2x what you paid, or 10% when the price hits 1.5x or however you want to set it up). 2 - instead of buying it all in one chunk, buy some now and put in some buy offers below the current price. Even though you look at mt gox and there are $300000000 between the current price and 90% of that price, the market is very volatile and there is a chance your lowball offer will get filled eventually.

I think the biggest lesson to learn about Bitcoin is this:

Don't fall asleep. You will miss EVERYTHING.

No. The lesson is nothing new. You start daytrading any market and pros will tear you a new one.

I second this.

+1 This is one reason I don't trade BTC short term. Way too stressful to worry about market action 24/7.

Don't blink. Blink and you're dead. They are fast. Faster than you can believe. Don't turn your back. Don't look away. And don't blink. Good Luck.

Those angels are intense

+1