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Title: That was an interesting 20 minutes Post by: eclipse81 on October 24, 2013, 05:44:44 AM The 20 minutes between 1:10 and 1:35 EST just saw my BTC holding devalue by about 20% and then increase by 14%.Exececuted sell order at about 225 and bought it all back at 190 in 20 minutes..damn.However the quick recovery after that mini flash crash should be an indicator that FUD is not as prevalent as it was in April.that was intense.
Title: Re: That was an interesting 20 minutes Post by: windjc on October 24, 2013, 05:52:34 AM The 20 minutes between 1:10 and 1:35 EST just saw my BTC holding devalue by about 20% and then increase by 14%.Exececuted sell order at about 225 and bought it all back at 190 in 20 minutes..damn.However the quick recovery after that mini flash crash should be an indicator that FUD is not as prevalent as it was in April.that was intense. Nice trade, but you were playing with fire there. Title: Re: That was an interesting 20 minutes Post by: BitCoinMadness on October 24, 2013, 05:54:01 AM Do you know what caused that temporary 15-20% crash?
Title: Re: That was an interesting 20 minutes Post by: Kazimir on October 24, 2013, 05:54:39 AM Yep, I noticed sales offers even below $170 at some point, while there were still substantial bids above $190 or even $200.
Someone definitely tried to downplay the market, but instead it seems they just lost a big amount of money. Dumping coins cheap is an expensive hobby :) Title: Re: That was an interesting 20 minutes Post by: keystroke on October 24, 2013, 05:55:38 AM The 20 minutes between 1:10 and 1:35 EST just saw my BTC holding devalue by about 20% and then increase by 14%.Exececuted sell order at about 225 and bought it all back at 190 in 20 minutes..damn.However the quick recovery after that mini flash crash should be an indicator that FUD is not as prevalent as it was in April.that was intense. Congrats! ;D Title: Re: That was an interesting 20 minutes Post by: Hfleer on October 24, 2013, 05:56:02 AM Seemed like quite a large dump as I watched it. Just makes a small blip on the weekly chart though.
Title: Re: That was an interesting 20 minutes Post by: intense on October 24, 2013, 06:00:35 AM Pure speculation dump, it's the exact same thing as the silk road dump. Now we get to sit back and watch it trend higher with even more strength. Hopefully those sitting at a loss right now put their pride aside and buy back in before they lose even more.
Title: Re: That was an interesting 20 minutes Post by: derpinheimer on October 24, 2013, 06:01:36 AM If history repeats itself, the price should recover within 12 hours followed by a sudden, rapid rise.
Of course thats just nonsense and if it does repeat its coincidence. Title: Re: That was an interesting 20 minutes Post by: TERA on October 24, 2013, 06:03:28 AM Just increased my btc 10% (trading).
Title: Re: That was an interesting 20 minutes Post by: Qoheleth on October 24, 2013, 06:08:46 AM Do you know what caused that temporary 15-20% crash? There was a huge bulk sell on multiple exchanges at once.Someone was liquidating a large purse. Title: Re: That was an interesting 20 minutes Post by: windjc on October 24, 2013, 06:12:16 AM If history repeats itself, the price should recover within 12 hours followed by a sudden, rapid rise. Of course thats just nonsense and if it does repeat its coincidence. Lol. While I don't share your long term pessimism re: bitcoin, I do appreciate your humorous posts from time to time. But, it actually 11 hours, not 12. Title: Re: That was an interesting 20 minutes Post by: MoreFun on October 24, 2013, 06:14:53 AM If history repeats itself, the price should recover within 12 hours followed by a sudden, rapid rise. Of course thats just nonsense and if it does repeat its coincidence. You went in? Title: Re: That was an interesting 20 minutes Post by: eclipse81 on October 24, 2013, 06:28:55 AM Regardless of whether I had made money on that mini flash I was very glad it recovered like it did.As someone who got out before the April crash (got out around 225 on that one also)but watched panic spread like spanish flu after a few selloffs and GOX just choking,it was very nice to see the bids staying strong this time around.I would like to think that the weak hands for the most part have been culled from the herd and that is always a good thing for long term stability(IMHO).It is also nice to see so many people in this community who seem to have the marathon outlook on BTC instead of the 50 yard dash mentality that so many people had just 7 months ago.It gives e confidence in this strange thing called BTC I have devoted so uch of my time too.Thanks
Title: Re: That was an interesting 20 minutes Post by: Nemesis on October 24, 2013, 06:32:49 AM I let you noobs know know a little secret: I sell and buy into my own walls.
I love playing with ppl's emotion ....making money while doing it. Title: Re: That was an interesting 20 minutes Post by: windjc on October 24, 2013, 07:08:23 AM I let you noobs know know a little secret: I sell and buy into my own walls. I love playing with ppl's emotion ....making money while doing it. You don't do shit. Title: Re: That was an interesting 20 minutes Post by: alexout on October 24, 2013, 08:20:28 AM I let you noobs know know a little secret: I sell and buy into my own walls. I love playing with ppl's emotion ....making money while doing it. Please sell a shitton then ;) Title: Re: That was an interesting 20 minutes Post by: culexevilman on October 24, 2013, 08:27:59 AM I let you noobs know know a little secret: I sell and buy into my own walls. I love playing with ppl's emotion ....making money while doing it. Please sell a shitton then ;) fuck yeah, loaded up at 165, thanks whale dumpers. Title: Re: That was an interesting 20 minutes Post by: Jrock on October 24, 2013, 08:33:30 AM It's funny cause I was planning on selling at like 237, very slightly under (think my sell was at like 236.5) expecting a dump before 250. I only slightly missed it :(
If it had sold I definately would've been buying back in during the drop. Win some, lose some I guess. Title: Re: That was an interesting 20 minutes Post by: mp420 on October 24, 2013, 08:58:43 AM On days like these, I kind of regret I don't do day trading. Then again, in the long run I've been very glad about being conservative about my portfolio management.
Title: Re: That was an interesting 20 minutes Post by: viboracecata on October 24, 2013, 09:25:53 AM Wow, when I went back from dinner, I see my balance increase $1500, then after a short rest, the balance decrease $1500, WTF
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