Bitcoin Forum

Yeah that's right, all you retarded HODLers thought Proudhon was trolling, well he wasn't, and all that confirmed bad newses is coming back to bite y'all in the butt!! How does it feel? How does it feel? $350 coins in a week, sell now and double your BTC, only fools don't take advantage of such an easy trade!
Speculate away, bagholders  ;D ;D ;D

EDIT $712 at stamp, we'll touch the $600s within 24hours, mark my words. =D

You seem excited mate :)

I am, this is a thread where I get to test my new-found btc-price-crash trolling abilities. Hopefully others will provide feedback.  8)

they laughed when i said the dump was on a week ago. you can tell then exactly what you're about to do and they never believe it

I and a bunch of other smart folks had our orders in place, and were pleased to see a notification that we got yet another cheap coin :-)

For Coinbase users - http://coinbaseorders.com/

$350 in a week. Confirmed.

the only thing hodls will do if the price crash to lets say... $100 is buy even more and hodl again to the the block reward 12.50 ;D

Not selling right now, I guess we'll see.

Finally some movement.

He is not a troll, he is a moron. If you think he really knows anything then find out about his Octorber 2011 posts where he was fantasizing about $1. The price did go down, but only to $2. That was where he lost his chance of becoming a whale at Bitcoinica.

So far, there was no bubble in Bitcoin. There were only bear traps on the way up. This drop in price is just another one. And proudhon will be caught in it again, ending up short when the upwards trend resumes.

I got some of that sweet sweet $712 BTC

I'm pissed because I bought some yesterday. Hoping to average that out tonight.

The point is ....

Hodls only exchange "fiat to BTC" ... it's is impossible "BTC to fiat" since we don't have private keys. If you want to convince somebody to drop their coins.. try a bull trader ... hodlers are hodlers ...  ;D

Confirmation confirmed.  ;D

what was the bad news? all I see is panic

I actually SODL some at $860 on CBX last week, but that was because I need some dental work done... do I still count as a HODLer?

Also, LOL at the poster above who actually thinks Proudhon ISN'T trolling... (hint: read through his confirmed bad newses thread and actually click on some of the foreign language sources)
(I struckthrough because I'm not sure if I'm supposed to say that out loud, I think that ruins the fun)

If Bitcoin went to $1, you'd be pushing the same crap (or, rather .. a shopping cart).

As long as there are people like you propping up the price of Bitcoin, I'm happy to have converted to hard assets when I did.  When the fanboyism dies down and people address the real problems Bitcoin faces, I'll buy back in.  Thanks for buying my coins, Ashley.

SLEL SLEL SLEL NOW!!

lol never let 'em see you sweat

What, bought rocks again? I doubt it would be easy to convert them back to bitcoin.

Depends on the rocks.

I sold a while ago when I first saw the writing on the wall.

Will buy back & hodl again soon though once the price hits a reasonable low  ;D

Those rocks
http://www.timhunkin.com/page_pictures/a180_billion-dollar-note-web-version.jpg

You should probably hodl.

To sell? No way man, I can only buy more  ;D

... which is?  As dumb as it is, people have a problem buying Bitcoin at these prices just because it "sounds" too high.  I can't tell you how many people would make this sort of remark to me when I told them how much a coin costs ... "A thousand dollars?  That's too pricey".  It doesn't matter what it is, what kind of potential it has or how divisible it may be.  They see a digital coin going for a thousand dollars and they think it's crazy.

i too was laughed at when i predicted this crash in this thread:

https://bitcointalk.org/index.php?topic=450817.0

Not looking that sweet now..

Going to twitter to say we crashing too... LoL

OK for bitcoin community every crash is just another reason for a joke  ;D ... but for twitter I think is bit different...

Gox has really fucked a lot of people with this technical bug. For anyone that's been in limbo for the last 8 days, they've just taken a 20% hit if they moved fiat to BTC just to withdraw (aka, me). Fuckin' assholes.

It would be nice if Mt. Gox would include more information with their posts. At this point people know something is wrong; leaving them to speculate on worst case scenarios will only lead to more sell-offs and price drops.

I'm moving money to the exchanges now. I love buying cheap coins. Remember when litecoins fell to be $1.75 then blew up to $45 in a mere couple of weeks. Such easy money.

Just be careful you dont catch a falling knife

Hope today is going to be one those days ...

 ;D

http://s1.favim.com/orig/23/fun-photography-roller-coaster-Favim.com-214017.jpg

In Bitcoin, you do - you can always rely on the rebound if the drop is sharp enough.

Game is Over.

https://bitcointalk.org/index.php?topic=453230.0

Bitcoibashley, your post just ass talk.

Learn more here: https://bitcointalk.org/index.php?topic=453377.0

Now official: using Bitcoins is completely illegal in Russia ,  https://bitcointalk.org/index.php?topic=452118.0

Haha, what? I sold some last week, as stated in other posts. And I haven't bought any in months. Nice job making a fool of yourself, though, failtroll  ::) ::)

I'd love to use that site, but I don't trust it :(

Proudhon was right. News are terrible!

President Pussyn is now negotiating new anti-bitcoin law with the leaders of G8.
After new law comes into effect worldwide, bitcoin price will drop to -$1000 (minus one thousand US dollars).

That means that everyone who owns even a single bitcoin will have to pay bitcoin ownership tax of $1000 per one BTC.
 
Non-compliance will be punished by imprisonment up to 10 years.

I've just flushed all the bitcoins into DOGE

Game is over, it's time to go home.

I can confirm this news and I agree with your investing strategy. Only a fool would continue to HODL a cryptocurrency that has a 10000000RUR tax per coin.

UPDATE: Bitcoin still crashing. The next leg down will happen when Gox announces it's shutting down for good and not returning any fiat or BTC, and when the news about Russia/China/Indonesia/etc complete bitcoin bans finally sinks in.

Just one problem, in Russia taxes r paid in rubles. Edit ur post ;)

I'm not sure of the exchange rate so I guessed. Was I close?

This coming from the woman who created this silly troll thread .. the attention span of gerbils, some of you ..

No, I was correct. We are talking about international regulation among G8 countries, not just Russia.

Then it's Ok. I thought that it was a fake coz Russian doesn't charge taxes in dollars.

Russia ban bitcoin, New breaking news,  http://www.coindesk.com/btce-pulls-support-ruble-russia-bans-bitcoin/

FYR: https://bitcointalk.org/index.php?topic=452894.msg4990618#msg4990618

Can someone tell me what triggered this sell off? I know people were speculating that there was some manipulation to keep prices constant.

If gox fails does it really matter anymore? Most exchanges don't even follow gox's prices anymore.

I witnessed a series of very large sell offs getting slammed into Bid wall on Stamp. Individual sell orders so large, that the whale executing them must have either been panicking, or deliberately trying to smash the market.

Included amongst them, was a single sell order in the region of 1700 BTC, that took Bitstamp down from $705 - $666.6666.

Funny, I saw exactly that going on stamp.

The news was that Gox is imploding and Russia banned bitcoins.

(Unlike China, Russia actually did BAN them.)

But keep in mind. The idea of trading is to make money. So when whale daytraders, or any one trying to make money on swings, hears bad news... they tend to sell. Hopefully they sell before everyone else does. Smashing 1700BTC sell orders into the buy walls is a great way to make others panic and sell too. Then, at the bottom, trickle buys bring things back up and the people who bought and sold at the right spots make mad profits. Those who didn't time their orders right get fucked.

So, in a sense, the news did not cause the price crash. Obviously Gox is not particularly relevant since it's been a long time since it had 80% market share, lol. And the people who sold, were not necessarily selling because they all of a sudden decided "This news will have a HUGE effect on BTC, it is the end of BTC as we know it!" It was more like "Other people are probably going to sell on this news, so if I sell, I'll profit!" Others sold because they panicked. Still others sold because they wanted to cash out anyways and figured that price might go lower in the mid-term future so now was their best bet. There is no such thing as single cause->effect when it comes to market psychology. The same event might cause different people to sell for different reasons.

Despite what various media sources are saying, Russia didn't actually ban them. They did ban the exchange for goods and services but Russian people are still allowed to invest in Bitcoin. I don't really see the difference between what Russia did and what China did to be honest.

Hey, no fair.

You're not allowed to use the truth to shit on someone else's parade.

https://github.com/tomholub/coinbaseorders run it on your own hosting if you wish :-)

Interesting, thanks.

Bagholders, bagholders...where have I seen that before?  Oh right!

  https://bitcointalk.org/index.php?topic=48315.msg577820#msg577820

Happy Hodling, ya'all.  May the next few years be like the last few.

Let's say gox re-enables BTC withdrawals.  Will those coins get dumped for fiat on the other exchanges, or will it be seen as a sign that all is well at Gox?

I advised my younger brother to get his funds the fuck off Gox just over a week ago. After a bit of grumbling about the 20% hit he would take converting his Gox USD into BTC, and then cashing out on Bitstamp, he took the plunge. He sent me an Email today thanking me for having saved him from losing a lot of money.

If I had anything on Gox at all, I would be pulling everything I had out of the place the very minute it was possible to do so. If there is any arbitrage to be made, then in a declining market, the hypothetical coins would indeed be getting dumped, immediately. But that is just me. I am a bear.

Despite several reports to the contrary (for instance, my own OP in this thread) I am

STILL HODLING

HODLING ALL THE WAY

HODL HODL HODL

It really is, THE BEST investment strategy. I mean, except for 100x leverage SHOTR. That's even better.

EDIT: I just saw Vlad Putin speaking at the Olympics... BEARISH
(He was speaking russian, foreign language source confirmed)

I am not sure I agree with your holding strategy.

Your best bet is to cash out and sit with the money until an obvious up trend is happening. This way you prevent losing a lot of money with a price crash. You may miss a few dollars on an upswing but I doubt it will happen so quickly with the high prices bitcoins are at now.

But I guess I think bitcoins are ridiculously over priced right now and it doesn't make much sense to invest in them at this price point. You missed the boat getting in now. Better to put your money elsewhere. Bitcoins are too risky and you're betting on that people will keep hoarding.

Edward?  Edward50?!?  I haven't seen you since $3.00-ish when you were saying basically the same thing IIRC.

$600 won't happen.

As I predicted in my fractal analysis the price is now stabilizing around the $700 mark. It will stay around $700 until a massive rise in about 7 months time.

SEE: https://bitcointalk.org/index.php?topic=451264.0 (https://bitcointalk.org/index.php?topic=451264.0)

nah sorry. fractals dont work like that. elliot wave theory looks deep into this. there will be alternation. also, those two waves would have to be part of one larger wave that looks the same..... not gonna happen.

Seems like you need larger and larger amount of bitcoins and money to swing the prices.

So a combination of bad news plus people selling to make a profit plus a whale dumping. The price has been stagnant for so long now that there are 2 types of people left in trading. One type assumes it will go up and are holding tightly. The other type is waiting for a crash to buy cheap coins. A whale dumping can change the balance easily with holders panicking.

That depends on what other whales are trying to do.

Considering that the current minor price drop is still not as low as the drop just a few weeks ago in mid-december - how is this in any way a 'crash'.
I mean seriously the hyped up talk on this forum is enough to scare anyone off holding their coins.
Is that the whole point of this forum - to scare the crap out of everyone? Cause that's what it looks like!
I'm not worried at all - I've got a load of coins on Gox and i'm sure that their little technical probem with BTC withdrawals will get fixed in a few days.
BTC is NOT crashing at all and Gox is just fine. You lot need to drink less coffee or something.

This is the lowest bitcoin has been all year

OK, well i'd be very interested to hear your own prediction for the next 8 months?

Well yes, but it was lower on Dec 19th. That wasn't much before this year. I'm still very confident the price will not drop to $600.
It's going to steady out with minor fluctuations from now until September/Oct when it start to rise to $5000 - $8000.

I'd like to see the TA witchdoctory folks battle it out.

One guy threw up some elliot waves and gave a target of $300. I doubt we'll see $300 but I've learned not to have expectations and hedge accordingly...

Edward50 commented in this thread!!!   To the MOOOOOONNNNN!!!!!!

okay, so what is the reason of this crash?

I'm not getting it :D

Ugh, hit 401 and I had my buy order at 400.

Same here, man. Set buy order for 400.01 and went to sleep, woke up and it's back over 500  >:(

I had the same thing happen at $3.22.  Eventually I got my buy in anyway, and quite a few more than I initially anticipated.  Not to toot my own horn to much, but it took fairly big balls to keep doubling down as I did, and not many people seemed to be doing so near the bottom...or at least not many who blather away on this forum.  I was only able to do this because I never put in more than I could comfortably walk away from at 100% loss.

In terms of percentages the volatility is probably about the same as it was back in the mid-to-old days which is interesting.  Now there is a lot more money in terms of fiat sloshing around now though I think.  Whether this supposition is actionable or not I don't know.  It's a fair bet that people who have more money are better at separating money from others so it's always best to be on the lookout for people trying to get a stampede going.  And increasingly, players who are more adept at doing it.

I guess I never thought about the psychology of the buy order.  Obviously others had it set at 401.  I guess I'll try 402 next.