Bitcoin Forum

Economy => Speculation => Topic started by: lphelps on April 10, 2014, 04:58:03 PM



Title: Whodafuq is dumping BTC??
Post by: lphelps on April 10, 2014, 04:58:03 PM
god damn it!!! $400?!? and there's no MT.GOX to blame for it..


Title: Re: Whodafuq is dumping BTC??
Post by: TTM on April 10, 2014, 05:01:17 PM
American woke up, read the news about China, then panic dump. Previously price on Huobi always lower, but now it is even higher than BTC-e.


Title: Re: Whodafuq is dumping BTC??
Post by: Stuartuk on April 10, 2014, 05:02:05 PM
Don't worry, we are touching solid support, this could be the bottom where the big guys get in.

Hodle all your coins - the Marshmallow man is coming to munch them all up!


Title: Re: Whodafuq is dumping BTC??
Post by: Boris-The-Blade on April 10, 2014, 05:07:22 PM
Hodle the line soldier!


Title: Re: Whodafuq is dumping BTC??
Post by: sapstar on April 10, 2014, 05:16:26 PM
Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 5 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.


Title: Re: Whodafuq is dumping BTC??
Post by: Boris-The-Blade on April 10, 2014, 05:17:01 PM
Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 6 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.


Buy some Coins and hold the line goddamnit!


Title: Re: Whodafuq is dumping BTC??
Post by: Bitcoin Magazine on April 10, 2014, 05:17:41 PM
Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 6 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.

smart.  drive down the difficulty give us little guy's a chance   :P


Title: Re: Whodafuq is dumping BTC??
Post by: bryant.coleman on April 10, 2014, 05:18:24 PM
god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Mt.Gox is the reason why BTC is trading at <400 now.


Title: Re: Whodafuq is dumping BTC??
Post by: Boris-The-Blade on April 10, 2014, 05:23:44 PM
god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Mt.Gox is the reason why BTC is trading at <400 now.


The real blame lies with a certain over weight Frenchman.
Not naming any names though  :o


Title: Re: Whodafuq is dumping BTC??
Post by: seriouscoin on April 10, 2014, 05:31:39 PM
god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Mt.Gox is the reason why BTC is trading at <400 now.

Correct. While the Chinese exchanges are faking volumes, MtGox still held the largest funds in fiat.

With all those funds being held, the market is so thin and a few thousands btc can move the market.


Title: Re: Whodafuq is dumping BTC??
Post by: BittBurger on April 10, 2014, 05:33:55 PM
Hodle all your coins - the Marshmallow man is coming to munch them all up!

LOL

http://www.bitrebels.com/wp-content/uploads/2010/10/marshmallow2.jpg


Title: Re: Whodafuq is dumping BTC??
Post by: precrime3 on April 10, 2014, 05:37:06 PM
Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 5 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.


Mining when everyone is "waiting for prices to go up" and difficulty is lower would be the best time to mine IMO....


Title: Re: Whodafuq is dumping BTC??
Post by: idrathershred on April 10, 2014, 05:42:28 PM
Hodle the line soldier!

You mean, HODL the line SODLier!    :D


Title: Re: Whodafuq is dumping BTC??
Post by: windpath on April 10, 2014, 05:46:31 PM
Had to buy @ $400, could not fight the urge :)


Title: Re: Whodafuq is dumping BTC??
Post by: jamesc760 on April 10, 2014, 05:53:03 PM
All the noobs are buying. Not a good sign. I'm just saying.


Title: Re: Whodafuq is dumping BTC??
Post by: HELP.org on April 10, 2014, 05:54:22 PM
Some people have taxes due April 15 and this is the last chance to sell at Coinbase and have the money by April 15.  Not sure how much effect that has.


Title: Re: Whodafuq is dumping BTC??
Post by: lynn_402 on April 10, 2014, 05:56:23 PM
All the noobs are buying. Not a good sign. I'm just saying.

Why do you think that? Noobs who put new money in the market in November (me included) contributed a lot to the huge price increase of that period.


Title: Re: Whodafuq is dumping BTC??
Post by: Boris-The-Blade on April 10, 2014, 05:56:55 PM
I'm to greedy to sell now  ::)


Title: Re: Whodafuq is dumping BTC??
Post by: DubFX on April 10, 2014, 06:04:52 PM
Is it that hard to follow two instructions? Buy>hold :D


Title: Re: Whodafuq is dumping BTC??
Post by: precrime3 on April 10, 2014, 06:05:48 PM
Is it that hard to follow two instructions? Buy>hold :D

Buy is greater than hold? More like a equation xD


Title: Re: Whodafuq is dumping BTC??
Post by: DubFX on April 10, 2014, 06:16:04 PM
Is it that hard to follow two instructions? Buy>hold :D

Buy is greater than hold? More like a equation xD
i meant buy->hold it had to be an arrow :D


Title: Re: Whodafuq is dumping BTC??
Post by: precrime3 on April 10, 2014, 06:33:56 PM
Ahhh okay then  :D


Title: Re: Whodafuq is dumping BTC??
Post by: TrollboxChamp on April 10, 2014, 06:35:16 PM

 :)


Title: Re: Whodafuq is dumping BTC??
Post by: Raize on April 10, 2014, 06:59:41 PM
Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?

Buy reasonable amounts, say 3-5% every paycheck while it falls. Don't try to time the bottom. If here within the span of the next year you are buying *above* your cost basis, hold till it reaches double your cost basis then sell at 3-5% of your weekly paycheck's worth. Inevitably it'll fall in value again and then you can start accumulating again with a new cost-basis.


Title: Re: Whodafuq is dumping BTC??
Post by: TERA on April 10, 2014, 07:06:18 PM
The dumping hasn't even begun. just slow bleed. Reversal requires a day with at least 200,000BTC volume on stamp. current volume is only 35,000BTC.


Title: Re: Whodafuq is dumping BTC??
Post by: precrime3 on April 10, 2014, 07:06:40 PM
Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?

Buy reasonable amounts, say 3-5% every paycheck while it falls. Don't try to time the bottom. If here within the span of the next year you are buying *above* your cost basis, hold till it reaches double your cost basis then sell at 3-5% of your weekly paycheck's worth. Inevitably it'll fall in value again and then you can start accumulating again with a new cost-basis.

Good tactic, but personally I think "bottom" is around $300, if it still seems to be going down after that, then $250. After $250 though, just keep buying, as prices will never go down that low again xD


Title: Re: Whodafuq is dumping BTC??
Post by: joae1975 on April 10, 2014, 08:22:43 PM
Every time you buy something w bitcoin using bitpay/coinbase, you're dumping btc.


Title: Re: Whodafuq is dumping BTC??
Post by: cbeast on April 10, 2014, 09:08:22 PM
it's probably some billionaire's secretary hitting the wrong button.


Title: Re: Whodafuq is dumping BTC??
Post by: NotoriousBIT on April 10, 2014, 09:30:15 PM
Is it that hard to follow two instructions? Buy>hold :D

1. Buy
2. Day trade
3. Lose money
4. Buy
5. Hold

?


Title: Re: Whodafuq is dumping BTC??
Post by: Mervyn_Pumpkinhead on April 10, 2014, 09:35:19 PM
Quote
Whodaq is dumping BTC??

http://www.reactiongifs.us/wp-content/uploads/2013/02/everyone.gif


Title: Re: Whodafuq is dumping BTC??
Post by: precrime3 on April 10, 2014, 09:35:28 PM
Yeah just get rid of the daytrading part and we are good  ;)


Title: Re: Whodafuq is dumping BTC??
Post by: BitCoinsLOL on April 10, 2014, 10:08:23 PM

 Hall of Fame pic Gary Oldman is completely twisted in the Professional.


Title: Re: Whodafuq is dumping BTC??
Post by: rudius on April 10, 2014, 10:27:48 PM
god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Certainly not the chinese. They havent move since the btce dumping.
Really looks like manipulation to me the last 24h


Title: Re: Whodafuq is dumping BTC??
Post by: precrime3 on April 10, 2014, 11:21:45 PM
god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Certainly not the chinese. They havent move since the btce dumping.
Really looks like manipulation to me the last 24h

Its definitely the bad news about chinese exchanges and manipulation....


Title: Re: Whodafuq is dumping BTC??
Post by: DPoS on April 11, 2014, 03:30:25 AM
Every time you buy something w bitcoin using bitpay/coinbase, you're dumping btc.

aren't we supposed to be using this new fangled techno payment system?



Title: Re: Whodafuq is dumping BTC??
Post by: serenitys on April 11, 2014, 05:51:25 AM

+100000 for Gary. I <3 Gary. He's my all time fave!

Thanks for the girlgasm.

Carry on.


Title: Re: Whodafuq is dumping BTC??
Post by: Wolf Rainer on April 11, 2014, 06:05:28 AM
Fear -> Panic -> Mass Sell -> Cheap Btc.


Title: Re: Whodafuq is dumping BTC??
Post by: DubFX on April 11, 2014, 06:12:44 AM
Fear -> Panic -> Mass Sell -> Cheap Btc.
So everyone, it's time to buy in it looks like we are going up again.


Title: Re: Whodafuq is dumping BTC??
Post by: joae1975 on April 11, 2014, 06:33:45 AM
Buy gold/silver with btc, win win win!!!


Title: Re: Whodafuq is dumping BTC??
Post by: bgmc on April 15, 2014, 12:05:26 AM
American woke up, read the news about China, then panic dump. Previously price on Huobi always lower, but now it is even higher than BTC-e.

Wrong. If you were following fiatleak at the time of the dumping, then you would realize it was China dumping, not America.


Title: Re: Whodafuq is dumping BTC??
Post by: uhoh on April 15, 2014, 12:06:07 AM
American woke up, read the news about China, then panic dump. Previously price on Huobi always lower, but now it is even higher than BTC-e.

Wrong. If you were following fiatleak at the time of the dumping, then you would realize it was China dumping, not America.

Fiatleak is not an accurate representation of the market.


Title: Re: Whodafuq is dumping BTC??
Post by: njcarlos on April 15, 2014, 12:07:25 AM
Don't need fiatleak to see China has been setting the market trend from the start of the run up to $1200, all the way down to $350. Without China we're 50% up from their big entry, at best.


Title: Re: Whodafuq is dumping BTC??
Post by: DubFX on April 15, 2014, 07:19:07 AM
Don't need fiatleak to see China has been setting the market trend from the start of the run up to $1200, all the way down to $350. Without China we're 50% up from their big entry, at best.
This is true....china controls really big part of BTC market.


Title: Re: Whodafuq is dumping BTC??
Post by: Amph on April 15, 2014, 08:55:10 AM
knc is dumping like a mad little girl


Title: Re: Whodafuq is dumping BTC??
Post by: DubFX on April 15, 2014, 09:08:17 AM
knc is dumping like a mad little girl
May i ask what is KNC?


Title: Re: Whodafuq is dumping BTC??
Post by: Amph on April 15, 2014, 12:45:16 PM
knc is dumping like a mad little girl
May i ask what is KNC?

https://www.kncminer.com/categories/miners