Bitcoin Forum

SELL! SELL! SELL!



http://etc.usf.edu/clipart/21400/21403/revere_21403_lg.gif



 ;D

Oh shit, i better sell all my 600,000 bitcoins now before weekend ;)

I actually did sell about 50% of my bitcoins for this weekend. I've seen too many big dips during the weekend. I want in on one.

Bitcoin chat.

>> YOU:  lol yeah right?

>> Satoshi : Your awesome mayabong.

>> YOU: thanks man, hey the weekends coming.

>> Satoshi: I hear see that, I'm selling everything this weekend and retiring, with hookers and socks.

>> YOU: cool man

Here, we see an illustration of Paul Revere warning the British that BitCoins are dropping.

With bells.

With huge cowbells, no less.

http://www.youtube.com/watch?v=BjsUf_oIgp0

I'd sell all or 1/2 of mine too if I weren't around to actively manage them.  Even if you loose a little cashing out, the security is worth it. 

He's on a horse.

Yes, a horse named Satoshi.

Thread is progressing nicely  8)

I just sold all my Bitcoins. Should I buy them back at $5 or $6?


(just kidding)

Hold your horses!!! Who said anything about buying??

I'm sure these threads are very attractive to merchants.  ::)

If the price goes down, then merchants can charge more bitcoins. More = good.

Doesn't really make a difference as most merchants probably exchange to $$ automatically on the spot.

Well automatically isn't really instant.  It takes like an hour just to get your bitcoins to your exchange.  Who knows where the price will be then. 

Since everybody who's been around for more than two weeks knows that the price usually dips on the weekends, anyone buying is likely to be new. So what happens if the price doesn't drop?  Sell the rest of your coin and hope you can start a panic?  What if that doesn't work? Buy in at a higher price to stay in the game?  Quit? Wait possibly weeks or months for another entry point?  

Patterns continue until they don't. If I was a big player and wanted in cheap, I'd start buying in small quantities on Friday and build an invisible bid wall just below spot, letting the suckers bet into the case hand.  

I'd buy in higher. It is a gamble. I bet prices move down. If I lose, I lose a small percentage, if I win, I gain a mid-rage percentage. I just keep my stop loss low and I can't lose that much. Same thing as every time you make a trade.

And why would you do that if you were a "big player". We are all trying to buy at the bottom, what makes you think this "big player" is going to do a better job then everyone else?

This.

The price didn't drop the weekend all the way until right before the major gox incident happened. People were joking about how the weekend drop didn't happen.

What are you talking about? Black friday was the biggest weekend drop of all, and there are at least three, clear, weekend drops before that. The week right before black friday is one of the only exceptions in the last 6 weeks.

A Big Kahuna can absorb any dip except a stampede and has considerable ability to prevent a stampede. A giant bear could do the same in the other direction, but those have likely all cashed out already.

Black Friday was a Black Swan. Not much to be learned there except put in a huge order at $0.03/BTC. The market doesn't have to stay perfectly even for your BTFD play to backfire. It just has to drop less than you anticipate before heading back up for good.

Ok, it did fall when Friday just began, but it rebounded quite a bit to $17 by the end of Sunday when the attack happened.

By "black friday" I'm referring to the $30-$10 event, not the hackcrash. I am well aware that the position can move against me, that is how markets work. But I'm already $0.80/BTC up and the weekend hasn't even started. Normally I'd close my position here and rebuy (as long is my default position), but I'm going to try to leave it open for a bigger weekend swing.  And I have closed 10%, which is enough to cover any minor losses if prices soar.

All in all, good bet so far. You can't trade if you expect to win every time. You have to take the earnings with the losses and try to come out black.

All well and good until the commissions grind you down. I faced the same problem playing poker. I could beat the players, but not the rake. I have some orders in on campbx.com with no fees charged currently.  Low volume, but I'm not playing with much anyway.

0 commission at mt gox right now. Pretty good trading. Has made me a lot more active.

I'm very happy that trading volume has been so high at Mtgox. Over a million dollars were traded yesterday. Confidence in exchanges is necessary for Bitcoin to grow.

People will just make sure that they have money into the exchanges before the weekend eventually.

The weeekend approaches!


http://www.best-horror-movies.com/images/shaun-of-the-dead-zombie-group.jpg

DING DING DING! we have a winner!

Who is the mysterious, dumb "other" group of people that suddenly panics *every* single weekend?

Why is someone out there volunteering to enrich day traders?
(I'm not complaining. This is just an honest question)

Newbies. Greenhorns. Rookies. Fresh meat.

Prices just dropped from 14.90 to 14.89... it's happening guys. Sell before it's too late! Sell sell sell.

14.91!  Rally is back!  Buy now!

That's a bubble. Please don't confuse people.

It popped.  We're down to 14.88.

Has any one of you jokers noticed that the price line was completely flat during the last weekend (sat - mon) and then took a Big Dip during tuesday and wednesday ?
I think 90% of the people in this thread are greedy traders trying to instill panic in newbs so they sell out before the weekend and therefore crash the price so they can buy up cheap ! Which will probably work.
Just keep in mind anyone reading this thread - EVERYONE has their own interests, so trust no one ! (like Mel Gibson in "Conspiracy Theory")

http://2.bp.blogspot.com/_I-cAVrFrx8g/Sgiwt13Y2XI/AAAAAAAAAGE/XxPvEETNTXw/s400/homer.jpg


The price is down to 14.84... less typing, more selling. The end is nigh.

It's those mysterious people in the "other" mining pool, I hear they live under the stairs.

Other is that boy in Afghanistan running his computer all night long, praying he will hit a block to pay for his next dinner. Other is the homeless man mining on a library computer as long as he can before they kick him out. There are countless examples.

There is a rumor going around that Watson, the IBM supercomputer has been reconfigured to mine eleventeen thousand BTC/hr and flood the market! Get our why you still can!!!!!!!

What good are bitcoin when the asteroid/zombie/radical Muslim velociraptor apocalypse comes?

Don't know what you call "flat" but it went from $16.80 to $15.50, then went down to $13.5 on monday (an extended weekend due to the 4th of july).

^^ Truth. He speaks it.

http://img685.imageshack.us/img685/5513/image2gsa.jpg (http://imageshack.us/photo/my-images/685/image2gsa.jpg/)
As you can clearly see here, first a significant fall (from ~17 to ~15.5) just before the weekend (on thursday and friday), then completely flat during the weekend (saturday and sunday), then a huge fall down to 11.5 on tuesday and big rise until wednesday evening (GMT).
Mondays are not weekends whatever holiday it is. Weekends last two days - saturday and sunday, and this dip lasted 6 days (you could say it's still going on since it was around a stable 17 for almost a week before that and it still hasn't come back to 17), and it actually completely paused and stagnated during the weekend (I thought that was it, and that it was going to rise in the beginning of the week, but then it started to fall even more).
This weekend completely blasts the theory about weekend slumps out of the water (at least for this weekend). But bitcoin is in truth still too unpredictable for any dependable patterns.

^^^ Truth he shows it.

*adverts his eyes away from the truth*

There is no graph.

http://img9.imageshack.us/img9/449/rebeccablack1.jpg
It's Friday,Friday, Friday....


Please everyone SELL! so i can buy low

What has been seen cannot be unseen!   :o

It's gotta go down on Friday!

MySQL error!! Everybody's selling, SELL!

Believe me, I desperately WISH I could unsee some of the things I've seen in my life !

Oh my god, 14.60997 where we headed to now?? up...or....down!?!?!?!?  :-X :-\

Seems like we get big swings once or twice a week at the most to make it worthwhile for the buys and sells.

This is Intraday trading territory, not hour to hour trading.

Thoughts?

This here be the Intraweekend trading territory thread. yarrrrrrrrrrrr

weekend maddess

i'm going to wait for the usual mid-week sell off and then buy at $10.

I'm thinking if someone were to sell caffeine / Red Bull / adrenaline injections on this forum they could make a  killing...  :-\
We all need a vacation...  :)

Not. gonna. happen. I've had buy orders in for two days now around &14 and so far only 5.7 BTC bought. There are mountains of people looking for bargains. 10,000 coins dumped onto the market at once wouldn't bring it down to $10.

You guys are a bunch of know-nothings! everybody knows that you got to buy high and sell low!

Why do you think I chose coffee as my business focus?

If it hits $11 I will sell everything since it confirms how lardycake and others were saying the value should be $5 or $6.

However, if it goes up to $17 I'll buy a bunch more since it means Bitcoins are on the upswing.

 ;)

I dont believe you.

Told ya!  Bite the bullet and get back in, Boys. Tomorrow when all those Dwolla deposits drop, it'll be even more expensive.