Bitcoin Forum

They will regret it tomorrow :D

From $5.5 to $5.15 in a matter of minutes ... LOL.

So much for stability.

I just sold 76BTC to someone I know. Whatcha gonna do about it?

The bull's eye was winking on Bitcoinica, the price had stalled on MtGox.  Eye is still winking, so we'll see how MtGox bounces back without Bitcoinica's leverage.

Agreed, and if not tomorrow than soon. I was laughing when I saw this sell off begin.

I'd like to thank whoever just sold. Gave me a chance to buy a few more coins at low prices.

Typical Shakeup.

it's gonna be back in less than 30min

+1, i just did

I sold.  It could still go higher, but I'm not betting on it.
My next target: a retrace approaching 4.5  But that could be 10 days out.

This rally came a bit quicker than I expected.

And it will go higher.

Wasn't the rally announced by our hero member ineededausername?

Wow.  Big dump is big.  That was over 20,000BTC.  I guess somebody had to throw a wet blanket on this thing.  It was getting a bit out of control.

┻━┻ ︵╰(°□°)╯︵ ┻━┻


AGGGHHGHGHGHHGHHGH!!!!! It's on fire! SELL SELL SELL!

ε=ε=ε=┌(;*´Д`)ﾉ

i didn't sell, but would be selling a few if i didn't have my coins a bit tied up.

for me, it's not hard to imagine being able to buy for at least as low as $4.00 again if you're patient... maybe feb/march even.

Someone sold in a hurry.  I guess if they planned a pump and dump they had to exit while the exiting was good.  Well executed.

Oh come on, small correction and you're all crying SELL.
Personally I just added to my BTC :)

I never buy or sold any bitcoins, but I accumulate all that I mined.

I wouldn't sell yet, there will be plenty of dumpers on the way up.  Can't get nervous every time someone gets out. Don't be a wuss. 

Someone just sold again, but the price and depth have already recovered.  This rally is too strong for any one sell to kill it.

Who just sold? The guy that's now crying. The price is recovering faster from a massive 20k BTC selloff than you can scream "BUY BUY BUY!", taking down a sell wall on the way up.  ;D

Nothing more than an expected correction. This will happen many times on the way up, and it seems clear that we are on the way up. Many of these sellers and panic sellers may very well be facepalming themselves when the price goes higher than what they sold at.

+1.

nice recovery, huh?

Can anyone explain these spikes? Why is someone pushing the price down in a spike when he could clearly have sold everything at >5.1 if he had done so in 4 or 6 tranches of less than 5000 instead of one of 20K? It's not even manipulative - the price just bounced back like a rubber ball. That guy just gave away $2000 or so.

It was a "GMO" move for $100k! He wasn't concerned about  a few G's of slippage.

I think you are confused about prices. 250%+ above a month ago is not exactly low...

thats Bullish.

Where are you guys getting this 20k sold thing I've seen in several posts? Looks a lot more like a 9600 bitcoin sale to me (or a $50,000 profit taking, if that's what you are looking at). Then the bushes were beaten.
http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=2&i=1-min&c=1&s=2012-01-03&e=2012-01-03&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=1&i1=Vol&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&

You're right. My apologize for posting before looking at the data properly.

remember this dump? and now 5.15 BTC are hella cheap. BB is right, there will be plenty of people itching to get out and cut losses from the crash on the way up. this is good: it will prevent another bubble from forming. but the uptrend will continue.

+1