Bitcoin Forum

Economy => Speculation => Topic started by: bomboclat77 on April 03, 2013, 06:57:58 PM



Title: btc crashing, the great sell off has begun
Post by: bomboclat77 on April 03, 2013, 06:57:58 PM
strap in ur seat belts   :o


Title: Re: btc crashing, the great sell off has begun
Post by: bomboclat77 on April 03, 2013, 06:58:46 PM
This happens every week.

if you think so!! I will sell now while the value is still high


Title: Re: btc crashing, the great sell off has begun
Post by: Piper67 on April 03, 2013, 06:59:14 PM
This happens every week.

if you think so!! I will sell now while the value is still high

Knock yourself out... literally.


Title: Re: btc crashing, the great sell off has begun
Post by: ineededausername on April 03, 2013, 06:59:22 PM
This happens every week.

if you think so!! I will sell now while the value is still high

ha! I bet you put in a market sell order.  ;D


Title: Re: btc crashing, the great sell off has begun
Post by: BIGMERVE on April 03, 2013, 07:00:01 PM
https://i.imgur.com/G6pN6Sx.png


Title: Re: btc crashing, the great sell off has begun
Post by: ehoffman on April 03, 2013, 07:00:33 PM
Yes, LOL at Bitcoinity!


Title: Re: btc crashing, the great sell off has begun
Post by: bomboclat77 on April 03, 2013, 07:00:51 PM
lag coupled with major sells?? Count me in for a big lump of fiat


Title: Re: btc crashing, the great sell off has begun
Post by: NamelessOne on April 03, 2013, 07:01:18 PM
This happens every week.

if you think so!! I will sell now while the value is still high

He doesn't just think, it DOES happen every week. This has become common place for bitcoin.


Title: Re: btc crashing, the great sell off has begun
Post by: ehoffman on April 03, 2013, 07:03:03 PM
Bear trap...  again...


Title: Re: btc crashing, the great sell off has begun
Post by: Piper67 on April 03, 2013, 07:04:16 PM
Bear trap...  again...

they... will... never... learn  ;D


Title: Re: btc crashing, the great sell off has begun
Post by: mccorvic on April 03, 2013, 07:05:45 PM
Bear trap...  again...

they... will... never... learn  ;D

If they did, they wouldn't be bears :P


Title: Re: btc crashing, the great sell off has begun
Post by: jwzguy on April 03, 2013, 07:06:49 PM
OP has nothing to sell and enjoys looking foolish.


Title: Re: btc crashing, the great sell off has begun
Post by: esse83 on April 03, 2013, 07:07:05 PM
*yawn*


Title: Re: btc crashing, the great sell off has begun
Post by: Qoheleth on April 03, 2013, 07:08:45 PM
Either the charts are lagging or the API is. I'm still seeing prices around $134.


Title: Re: btc crashing, the great sell off has begun
Post by: bomboclat77 on April 03, 2013, 07:22:35 PM
OP has nothing to sell and enjoys looking foolish.
want to put your money where your mouth is?


Title: Re: btc crashing, the great sell off has begun
Post by: juve4v on April 03, 2013, 07:27:15 PM
bear trap


Title: Re: btc crashing, the great sell off has begun
Post by: Kazu on April 03, 2013, 07:27:23 PM
Somebody, quickly, sell me you're bitcoins before the price goes down further!



Title: Re: btc crashing, the great sell off has begun
Post by: Qoheleth on April 03, 2013, 07:27:35 PM
Either the charts are lagging or the API is. I'm still seeing prices around $134.
It's the API. As far as my scripts can tell, prices have been absolutely motionless for the last ~40 minutes.

I suppose it's just one more evidence that I need to finish my Bitfloor integration and get the fuck off of Gox.


Title: Re: btc crashing, the great sell off has begun
Post by: Chalkbot on April 03, 2013, 07:27:52 PM
OP has nothing to sell and enjoys looking foolish.
want to put your money where your mouth is?

So, you sold then?


Title: Re: btc crashing, the great sell off has begun
Post by: deadweasel on April 03, 2013, 07:29:08 PM
OP has nothing to sell and enjoys looking foolish.
want to put your money where your mouth is?

did you not see the graph? 


Title: Re: btc crashing, the great sell off has begun
Post by: IIOII on April 03, 2013, 09:11:43 PM
It's a shame that the whole market is so dependent on the MtGox pricing... hope that other exchanges gain market share...


Title: Re: btc crashing, the great sell off has begun
Post by: glub0x on April 03, 2013, 09:20:54 PM
fantastic buying opportunity for who goes through the laag :)


Title: Re: btc crashing, the great sell off has begun
Post by: Brushan on April 03, 2013, 09:24:43 PM
People talking about block limits and shit being the achilles heel of bitcoin when it is actually Mt.Gox that is hurting BTC the most and has been for the last weeks.


Title: Re: btc crashing, the great sell off has begun
Post by: MatthewLM on April 03, 2013, 09:46:52 PM
There is a gap in the market for a UK based exchange with free to very low cost bank transfers, and greater reliability, and of-course for other counties and in general considering Mtgox is not very good.

I don't want to use MtGox to buy or sell at the moment. I still can't get my head around how to do UK bank transfers and how much it will cost. I could hold cash in Mtgox and re-buy bitcoins later of-course but I don't feel secure with Mtgox with previous problems they have had and the general feeling of unprofessionalism I get with the website.

I thought there would have been more exchange competition.

For now I'll keep my bitcoins regardless and at some point I'll spend them within the bitcoin economy, where I can, which I think is the best thing I can do.


Title: Re: btc crashing, the great sell off has begun
Post by: BitcoinTate on April 03, 2013, 09:50:19 PM
And now its back to $130 lol


Title: Re: btc crashing, the great sell off has begun
Post by: maxmint on April 03, 2013, 09:51:22 PM
Who's the guy behind bitcoinity? Love his backgrounds :)


Title: Re: btc crashing, the great sell off has begun
Post by: ruggedman_dan on April 04, 2013, 02:48:32 AM
OMG not again, another of this stupid posts!!!

the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into.
newbies will panic and sell and smart buyers will get cheap coins.
This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox.
We'll see bitcoin in 150 again by the end of the week if not sooner.


But isn't this type of thing exactly what makes "outsiders" scared to invest? If I am new to btc and thinking of buying I would have some major concerns after hearing of attacks. The severity of each individual attack is unimportant really- the connotation of the word ATTACK is enough to turn someone off. And lets be totally real- it isn't an outstanding BTC economy that is driving the price up. It is precisely the people who I refered to in the first sentence.

Just a thought.


Title: Re: btc crashing, the great sell off has begun
Post by: b!z on April 04, 2013, 03:16:44 AM
OMG not again, another of this stupid posts!!!

the btc sell off was triggered by MTGox sucking ass at protecting their website from DOS attacks and whatever other mismanagement they incurred into.
newbies will panic and sell and smart buyers will get cheap coins.
This is not a sell off due to lack of price support or any other stupid technicalities other than ineptitude from MTGox.
We'll see bitcoin in 150 again by the end of the week if not sooner.


But isn't this type of thing exactly what makes "outsiders" scared to invest? If I am new to btc and thinking of buying I would have some major concerns after hearing of attacks. The severity of each individual attack is unimportant really- the connotation of the word ATTACK is enough to turn someone off. And lets be totally real- it isn't an outstanding BTC economy that is driving the price up. It is precisely the people who I refered to in the first sentence.

Just a thought.

early adopter = more profit


Title: Re: btc crashing, the great sell off has begun
Post by: zedicus on April 04, 2013, 03:25:32 AM
Missed the whole dam thing!! I had a busy day in the field and didnt get to a terminal til about an hour ago only to return to find my spider senses were picking up +5000 hate for mtgox!!
Who took the charts for a ride ...
 


Title: Re: btc crashing, the great sell off has begun
Post by: ruski on April 04, 2013, 07:45:42 AM
Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]

How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.

Don't bite the hand that feeds you... it just might stop.


Title: Re: btc crashing, the great sell off has begun
Post by: Mark Oates on April 04, 2013, 08:27:31 AM
Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]

How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.
+1


Title: Re: btc crashing, the great sell off has begun
Post by: Zaih on April 04, 2013, 08:27:59 AM
Wrong, buddy! :)


Title: Re: btc crashing, the great sell off has begun
Post by: Brushan on April 04, 2013, 08:48:24 AM
Mt Gox is hurting Bitcoin in the same way that Democracy is the worst system of government. [spoiler]except all the other ones[/spoiler]

How can you say Gox is hurting BTC with a straight face? They've been and are the primary platform for fiat to move in and out of BTC. They've got billions of dollars moving through their business at an ever-increasing rate. Running a business myself I'd say they're doing exceptionally well to have had as few disasters as they have.

Don't bite the hand that feeds you... it just might stop.

I have nothing against Mt.Gox but they could do a much better job. I'm not even using it but the bitcoin world is linked to Mt.Gox because of it's size and they have made day trading more like gambling. People make good forecasts and are about to make their moves and then the lag starts. This does not look good at all.

But what worries me the most is that they are accepting so many new members right now without even being able to handle volumes today. That, in my opinion, is greed. I think they should just close for new member until they upgrade their engine. That will give other exchanges more new customers, making bitcoin more decentralized and making Mt.Gox more stable. If they don't come up with something very soon, i don't see how they will keep going.


Title: Re: btc crashing, the great sell off has begun
Post by: b!z on April 04, 2013, 11:35:36 AM
tfw i sold at $120 hoping to short, and failed because of you guys


Title: Re: btc crashing, the great sell off has begun
Post by: Luno on April 04, 2013, 11:41:56 AM
tfw i sold at $120 hoping to short, and failed because of you guys

U did better than me; $117!


Title: Re: btc crashing, the great sell off has begun
Post by: mccorvic on April 04, 2013, 11:53:37 AM
tfw i sold at $120 hoping to short, and failed because of you guys

Trying to catch the low in those panic situations is even more of a gamble then rolling on SD.  I just hold, hold, hold.


Title: Re: btc crashing, the great sell off has begun
Post by: piramida on April 04, 2013, 02:04:34 PM
Trying to catch the low in those panic situations is even more of a gamble then rolling on SD.  I just hold, hold, hold.

Nah it's easy; after the panic selling starts wait 30 minutes then click "buy" at market price then go to bed.


Title: Re: btc crashing, the great sell off has begun
Post by: jwzguy on April 04, 2013, 02:09:23 PM
want to put your money where your mouth is?
I already did.   8)


Title: Re: btc crashing, the great sell off has begun
Post by: BIGMERVE on April 04, 2013, 02:22:25 PM
want to put your money where your mouth is?
I already did.   8)


http://1.bp.blogspot.com/__jFgOqdirRY/SadO9qQtwSI/AAAAAAAACJU/k7GrfMZraBA/s400/man_eating_money.jpg


Title: Re: btc crashing, the great sell off has begun
Post by: ineededausername on April 04, 2013, 02:42:38 PM
looks like some people were screwed over in this thread ;D


Title: Re: btc crashing, the great sell off has begun
Post by: RodeoX on April 04, 2013, 03:36:13 PM
looks like some people were screwed over in this thread ;D
It's amazing isn't it?  These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins.


Title: Re: btc crashing, the great sell off has begun
Post by: Piper67 on April 04, 2013, 03:37:33 PM
looks like some people were screwed over in this thread ;D
It's amazing isn't it?  These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins.

Who are these "PEOPLE" you speak of, young fellow? One does not sell bitcoins!

Oh, and this crash brought us all the way down to about $40 higher than we were on Monday...  ;D


Title: Re: btc crashing, the great sell off has begun
Post by: RodeoX on April 04, 2013, 03:40:48 PM
looks like some people were screwed over in this thread ;D
It's amazing isn't it?  These "SELL NOW!!!" threads work again and again. People panic so easily and liquidate. Then the thread starter swoops in and buys up bargain coins.

Who are these "PEOPLE" you speak of, young fellow? One does not sell bitcoins!

Oh, and this crash brought us all the way down to about $40 higher than we were on Monday...  ;D
I don't know who they are. But I can show you the coins I have taken from their fearful hands.  8)


Title: Re: btc crashing, the great sell off has begun
Post by: Kazu on April 04, 2013, 03:43:11 PM
Now I need to make one of these threads so I can buy my coins. I missed last one because the MtGox lag locked me out entirely and I couldn't get money into btc-e in time :(