Bitcoin Forum

http://resources1.news.com.au/images/2011/03/15/1226021/459389-japan-earthquake.jpg

guys are you OK? have you lost everything in the last 15min?  ;D

double ************ 'd.

i'm perfectly fine, didn't gain anything and didn't loose anything

it was best drama action flick i have seen in a long time

Honey badger dont give a fuck! He takes what he wants!

Lolz....I hate you Bitcoinia...but thanks...now go away!

I did lost everything in the last 15 min :(


I wish I do not accepted go with my mom to the shopping center, I was really iching to go home and close (at loss) my position, but she annoyed me to go... When I get home :(

I have a long on Bitcoinica, aside from the flipist experiment. Was catching some Z's, woke up, turned over to see the drama, am going back to sleep and will see if I get zhoutonged by the time I get up. Good night folks!

I'm so fucked.

FROFL!!!!!




big gains, big losses, I am nominally down in fiat, slightly up in BTC as the dust clears

Not too worried here, with BTC play money. This is definitely a lesson learned.

Welp, time for a

B Double E Double R UN (http://youtu.be/pyCPhIjmk-s)

I'm up a few dollars  :D lol

I shorted this morning, but liquidated right before the crash.  Luckily I wasn't holding a long position like I have been for the last 2 weeks.  Now I'm long again at much nicer number.

Alright for now, thanks for asking :-)

not sure how that works, but current thing is not over yet

Lost 5 BTC.  Oops.

I lost 5BTC on bitcoinica (the most I was willing to put in that thing).  I gained a shitload on MtGox, however.

Damnit you guys... you said to buy! :(

I was talking about MtGox in that thread.

I lost $300

Well, since I had predicted the whole thing pretty much the way it happened, I got the bottom buy order and a few others in profit range.

Beginning transfer of BTC back out of MtGox. 8) Trading with the rest in the meantime.

Bummer.  I have less than half that at stake and I haven't lost it... yet.  But if I did, it would mean nothing but ramen for the next 98278327 days  :-(

dude...that was YESTERDAY


damn...sorry to hear that

No, I am not again I lost again sooo much...  :'(
Seem to me that it is not my year: lost my clients, lost much money, lost my ferret, lost my grandpa and now my bitcoins...

The worst part is that half of it wasn't my money  >:(

Play with fire, and you'll eventually get burned.

Hopefully everyone learned a good lesson about trading more than you can afford to lose on margin!

I didn't lose anything since I wasn't leveraged but several buy orders were executed for me on the way down so my cash is down but bitcoins are up. What we need now is another spike up to punish those who shorted and caused this drop.

Not using bitcoinica at all. Just simple buy & sell mtgox orders. Did 100s BTC today. I am happy.

God bless bitcoinica for other people gave me that money  ;D

You could double your Ramen if you went 1/2 rations.

I just knew I shoulda got out @ $6.90 lolz

same here, except I only made 18BTC

With so many people short we could be back up above that in no time. There is no shorting on bitcoinica which usually causes a rally. A rally coupled with those who leveraged new shorts will give us the fuel to go above $8 even. Since this selloff was vicious you can be the next rise will be just as if not more vicious.

Yea I'm not bothered. I'm confident we'll be back up in no time.

screwed. I'm out of BTC for good.   except maybe when I need some to buy something. 

You let a price drop kick you out of Bitcoin? ...

Oh well, guess we're weeding out these folks.

+1

Bitcoin is not about exchange gambling.  Many people got a hard reminder of that.

WTF happened? Mtgoxlive looks like... well... OP's picture!

Mind digging up the quote of your prediction?

I had had some really good luck the past week, making 10% here, 20% there.  and my confidence puffed up.  I thought, "hell, it hasn't been below 6.0 since more than a month ago..."

maybe ask Zhou for a refund.  he's been good about doing that.

I lost about the same. Cheers man. my condolences.

and for everybody else who wants to say I told you so.  I also clear consistent 10% turnovers on the stock market, using tech analysis you can be fairly confident about the mid-term and short-term trends for a stock and never has this happened to me.   I was just messing with bitcoin speculation to give me something to do on weekends.  Oh well.  

I feel bad when reading this.

Did nobody tell you what kind of game speculation is? If you want to keep Bitcoins, buy them and keep them safe. Don't play if you're not ready to lose. I can tell you I'm sorry for profiting off this, but we're here to compete in stabilising the market, and that leverage mania was both easy prey and an obstacle.

This doesn't work any other way. Why can't people teach one another to not dive into the fire with one's last strength?

+1
I should have never gone to sleep.

Lift you head up high and blow your brains out (http://youtu.be/mhyVIluOwKg)  :-\

The only thing I'm mad about is not selling  at 6.50 when I had the chance... but as the asks pile up... I sold at $500 profit and hope price goes back down even further so I can rebuy cheap lol

You don´t mhave to feel bad, because it is not anyone fault. It´s just my fault. Anyway typed this during feeling bad, too, because it´s the truth this year (and the last also) I had not much luck. Anyway I felt "living" during the ride and maybe those moments where it whorse. I dont´t know, yet.

I'm leaning this way too.
Man, I feel really bad for anyone playing at the same level as I am that lost it all  :-[ :( :(
MUST... BELIEVE...
I haven't been Zhoutonged ... yet

Good here, Thanks! 

I was so wrong.. and right at the same time.

I spotted a massive selloff a few days ago (PSAR, textbook head and shoulders, and triangle formation), but the run up to $7.2 made my emotions get in my way.  I made the mistake of thinking that it would actually break (and many other people also did).  I am sure that if it had gotten past 7.2, it would have gotten to 10, but that's not what happened, and I was wrong.  Several times I came close to shorting, or posting threads saying "rally now or never... looks like never at this point," but never had the heart to do so when it looked so strong.

At least I suffered no losses on the market... because I wasn't in it :)

derp.

It seems to me, if you still believe going long had its benefits a day ago, what's changed except the price today? Margin calls might mess you up, and there's no avoiding that with leveraging to the hilt, but if you're still in the game, there's no reason to see this as the end of the world. Chances are it's further manipulation beyond your control.

A load of btc were dumped onto the market, but there hasn't been a fundamental failure in BTC to cause it - the rise itself didn't really make a lot of sense, either. If anything, I suspect this is another ploy to get you to sell your btc cheaper so someone else can buy up big. In markets like these, profits are always made at someone else's expense...not a good or bad thing, just a thing. Don't ever bet everything you have, unless you're 100% sure it's going to pay off.

Which doesn't change the short term outlook at all.

I'm always a long-term bull.

edit: I think this crash sort of gauges the relative strength of different price factors:

Weak factors (short term): fundamentals like exposure, adoption, new businesses etc
Very strong factors (short term): Bitcoinica leverage, the Manipulator, technicals

Everybody!  Everyone!!!

come on in, huddle around -- group hug time   ;D :D :D

Crap, forgot about nick.  I'm poor as shit too dude.  Gimme your addy, i'll give you a coin. 

Hm.. Not trying to be a smartass, and not sure if people will be receptive to this, but a pro gambler friend of me always told me:

* Remember what you're risking, you can lose.

It took me years before I finally grasped this concept. And I may stray away from it from time to time still.

But I try never to risk more than max 10-25%  of my current bank any time doing some trades a day on mtGox. When feeling more confident
I may go in heavier.

The bottom line though, is that there are always risks, and anyone trading in this market should be aware of it.

With good bank management, the swings are smaller, but you don't risk getting wiped out by single freak accidents.

For those sitting on a loss: Often just waiting can help you recup your losses, so if you bought in at 7.05,  you may as well profit if you wait for a while.

I remember the early days of Betfair, I was increasing my bank extremely fast, but I traded and betted like a mad man, risking too much of the bank too often.

Sooner or later you get stung, and for me it happened when a a team made an equalizer in a soccer match on overtime, the bank I'd been building up over weeks vanished by the touch of a ball...

Another time I had a similar devastating loss when I didn't close a position on a horse when doing pre race horse trading on the same exchange. The sinking feeling, thinking of how much money you just blasted away, not good for the health.

So learning from those gruelling lessons, I stopped trading/gambling altogether for years.

Just saying if anyone is in a similar position, just walk away, accept the losses if you have realized them, and remember there's always another day.

Oh, and never chase your losses. That's also something my pro gambler friend told me. :)

I'll send you half my script if you re pay inau.

OH ... Well!  I meant address buuuutttt yeah man i will totally do that too!

Also... what do I owe INAU for?  Maybe you have me confused with someone else?

No I owe him.

OIC ... I PM you now

am good out of it

I'm interested to know what technical indicators were telling you to buy?

This coward really knows how to play and steal, I have to admit.

Er is mt gox having a spaz attack? I just saw it hit $7 again...then back to $6 as if it never happened...