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Title: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Vladimir on March 23, 2013, 01:28:56 PM 67-68 now.
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: bitarrow on March 23, 2013, 01:32:32 PM lol
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 23, 2013, 01:33:58 PM 44 by Sunday
SELL SELL SELL! :D Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: samson on March 23, 2013, 01:38:59 PM 44 by Sunday SELL SELL SELL! :D I'm hoping for $42 Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 23, 2013, 01:40:55 PM 44 by Sunday SELL SELL SELL! :D I'm hoping for $42 Monday dude, monday. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: lebing on March 23, 2013, 01:43:27 PM Sphincter tearing dump got pwned, that's got to hurt :) Was worried there could be a panic over the weekend but it looks more like 'great, gimmie cheap coins'. been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn. ??? Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Herodes on March 23, 2013, 01:47:33 PM 67-68 now. You're so obnoxious. I'm glad you're not my brother, I would probably fight you constantly. ;D Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: thezerg on March 23, 2013, 01:53:43 PM Sphincter tearing dump got pwned, that's got to hurt :) Was worried there could be a panic over the weekend but it looks more like 'great, gimmie cheap coins'. been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn. ??? It didn't go deep. Look at the graph, it barely touched the top of the average trendline that has been set over the past few months, due to the massive upwards breakout that started on monday. This market is still driven buy buyers... http://www.bitcoincharts.com/charts/mtgoxUSD#rg30zigHourlyztgSzm1g10zm2g25zv Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Vladimir on March 23, 2013, 02:05:14 PM 67-68 now. You're so obnoxious. I'm glad you're not my brother, I would probably fight you constantly. ;D :o indeed. Doing my best. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ineededausername on March 23, 2013, 02:06:34 PM .... been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn. ??? Noticed the same, they seemed to be using the weekends to steady out sharp rises and not crash the price though. This one was huge and looked more like an attempt to cause a panic. uh, not really, it wasn't huge at all 32/49 = 65% 52/75 = 69% there's been worse :) Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: proudhon on March 23, 2013, 02:11:45 PM He'll be buying much lower, I think.
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Dargo on March 23, 2013, 02:42:23 PM I imagine a lot of the selling in the 50s was people getting squeezed out of their long positions on bitfinex, like me. :'( I'm never going to sleep again... Well IMO you should just hold, since you will likely just lose your coins by putting in stops, or selling b/c you are scared by the dip. But if you want to trade it, better to sell into extremely extended runs, like the one to 75, then put in buy orders for the dip. Buy the dips, don't sell into them. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Nemesis on March 23, 2013, 02:48:26 PM I know it feels awesome sold at 71 and bought at 55.
How about you bulls? Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Dargo on March 23, 2013, 02:50:52 PM I imagine a lot of the selling in the 50s was people getting squeezed out of their long positions on bitfinex, like me. :'( I'm never going to sleep again... Well IMO you should just hold, since you will likely just lose your coins by putting in stops, or selling b/c you are scared by the dip. But if you want to trade it, better to sell into extremely extended runs, like the one to 75, then put in buy orders for the dip. Buy the dips, don't sell into them. I didn't want to sell. I was asleep and got squeezed out. The moment I woke up I went long for all I could. Looking at a nice profit, too. Good, glad to hear it. But I assume you got "squeezed out" b/c you set a stop and it got hit? Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Aztec on March 23, 2013, 02:54:57 PM The rates been up and down like a whores knickers all day.
I hope a load of pansies shit themselves and sell and it goes down to about $40. I will sell my grandmothers prosthetic leg and buy like a maniac Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 23, 2013, 03:01:31 PM The rates been up and down like a whores knickers all day. I hope a load of pansies shit themselves and sell and it goes down to about $40. I will sell my grandmothers prosthetic leg and buy like a maniac I hope there are more idiots like you. More comedy for me. :D Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Aztec on March 23, 2013, 03:04:28 PM I hope there are more idiots like you. More comedy for me. :D Hmmm Big yellow ignore button beckons Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 23, 2013, 03:09:13 PM Look if it goes to 40 now it will trigger various trend following profit taking signals. Once that happens the bull market is over.
Anybody except the true believers will tell you this. (And those know it too they won't just admit to it) If you think the bull should live, accept the buying opportunity was the 55s and move on. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Littleshop on March 23, 2013, 03:14:20 PM Something happens in 24 hours......
The supply from mining is going to drop by almost 1/3. Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. The price will probably go back up 10-20 hours after the difficulty change. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Vladimir on March 23, 2013, 03:20:55 PM Littleshop, all good points. I am not sure however that freshly mined coins have much of an effect on the market. Also your analysis assumes that mining capacity will stop rising after difficulty jump. For all I know it can even accelerate and we will be mining 9-10 blocks per hour for quite a while. Basically until ASICs will barely cover cost of electricity.
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Qoheleth on March 23, 2013, 03:30:04 PM Looks like Mt. Gox finally disabled the v0 API. Went back to look at my logs and they've been 403ing for the past two days or so.
What a shame. I'd like to have participated in this flash crash. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Littleshop on March 23, 2013, 03:30:40 PM Littleshop, all good points. I am not sure however that freshly mined coins have much of an effect on the market. Also your analysis assumes that mining capacity will stop rising after difficulty jump. For all I know it can even accelerate and we will be mining 9-10 blocks per hour for quite a while. Basically until ASICs will barely cover cost of electricity. Actually my analysis does not assume mining capacity will stop rising. Right after the difficulty change about 1/3 less new coins will be made. That is a big drop and it has not happened often. The rate will slowly climb but it will take at least a week before it is even close to what it is now, maybe longer. It is harder to add 1/3 to the new rate vs the old one. Over time I do agree ASICs production will get close to the cost of power just like GPU has. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: phatsphere on March 23, 2013, 03:41:58 PM 44 by Sunday which sunday, tomorrow? i want to nail you on that one. please give a specific date.Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 23, 2013, 03:44:21 PM 44 by Sunday which sunday, tomorrow? i want to nail you on that one. please give a specific date.yes tomorrow. If I'm wrong I'm wrong, nothing at stake here, I am not even short :) Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: mccorvic on March 23, 2013, 03:48:04 PM Lol, I I love it when a crash happens but the the price goes back to where it was before it even happened. People know 1 btc for over $60 is a good deal and will continue to buy.
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Nemesis on March 23, 2013, 03:51:25 PM Lol, I I love it when a crash happens but the the price goes back to where it was before it even happened. People know 1 btc for over $60 is a good deal and will continue to buy. I love it too man. Lets hold hand. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Herodes on March 23, 2013, 05:20:59 PM Something happens in 24 hours...... The supply from mining is going to drop by almost 1/3. Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. The price will probably go back up 10-20 hours after the difficulty change. Is that so, isn't the network made such that the btc supply is constant, no matter how much hashing power there is, ie. 1 new block giving 25 btc on avg. every 10th minute ? Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Spaceman_Spiff on March 23, 2013, 05:24:58 PM Something happens in 24 hours...... The supply from mining is going to drop by almost 1/3. Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. The price will probably go back up 10-20 hours after the difficulty change. Is that so, isn't the network made such that the btc supply is constant, no matter how much hashing power there is, ie. 1 new block giving 25 btc on avg. every 10th minute ? Difficulty only resets after 2016 blocks. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 23, 2013, 05:28:16 PM He'll be buying much lower, I think. lol not so sure in your calls anymore eh? That's the reason you now put "I think" in your statements so you can deflect when proven wrong later. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: BitPirate on March 23, 2013, 05:35:35 PM 44 by Sunday SELL SELL SELL! :D There are cheap coins (55), and there is a ruined market (44). Be careful which you wish for. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Aztec on March 23, 2013, 05:40:26 PM Forgive my ignorance but why would the market be ruined if the price did fall to 40 USD?
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 23, 2013, 05:41:04 PM 44 by Sunday SELL SELL SELL! :D There are cheap coins (55), and there is a ruined market (44). Be careful which you wish for. Bingo! I want this bubble to pop. The amount of idiots in this community has grown to an insufferable amount, this has to change. One way or the other. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 23, 2013, 05:45:05 PM +1 to this thread.
That guy who sold...good job selling at the lowest point for likely the next several weeks to come. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: desired_username on March 23, 2013, 05:52:27 PM I cannot believe how many ignorant people are here.
Does any of you really think that spreading BS on a forum does have an impact on the price? ;) sometimes it feels like im back in primary school again, or more like kindergarten Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: navigator on March 23, 2013, 06:14:16 PM Basically until ASICs will barely cover cost of electricity. Please tell me if my maths is wrong. A BFL single 60gh/s, 60 watts, $0.07kw/h would cost about $.1/day in power. At current prices and a difficulty of 6,500,000,000 you would still make $.20/day. I forget how to convert difficulty to terahashes. Would 6.5 Billion difficulty translate to ~65000th/s? If so, that's ~43000 BFL 1.5th/s minirigs. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Aztec on March 23, 2013, 06:15:28 PM True, that big orange button helps with that though :p +1 Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Littleshop on March 23, 2013, 06:29:35 PM Something happens in 24 hours...... The supply from mining is going to drop by almost 1/3. Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. The price will probably go back up 10-20 hours after the difficulty change. Is that so, isn't the network made such that the btc supply is constant, no matter how much hashing power there is, ie. 1 new block giving 25 btc on avg. every 10th minute ? Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Herodes on March 24, 2013, 04:03:23 PM Something happens in 24 hours...... The supply from mining is going to drop by almost 1/3. Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. The price will probably go back up 10-20 hours after the difficulty change. Is that so, isn't the network made such that the btc supply is constant, no matter how much hashing power there is, ie. 1 new block giving 25 btc on avg. every 10th minute ? Bitcoinwatch reports on avg. 9.08 blocks pr. hour, so it's not a whole lot more than normal, perhaps 10% faster than normal then ? Don't know what that avg. is based on though, if it's the last hour or the last 24 hours. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Vladimir on March 24, 2013, 04:05:28 PM 58% faster than normal last time I checked. Normal is 1 block per 10 minutes on average.
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Herodes on March 24, 2013, 04:14:58 PM 58% faster than normal last time I checked. Normal is 1 block per 10 minutes on average. Correct - My math was off, I confused 1 block pr. 10 minute with 10 blocks pr. hour, so you're right. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: notme on March 24, 2013, 06:35:13 PM Looks like Mt. Gox finally disabled the v0 API. Went back to look at my logs and they've been 403ing for the past two days or so. What a shame. I'd like to have participated in this flash crash. They didn't disable it, they just moved it. All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com. Supposedly this will help the trading lag since a separate server is now handling data spewing. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: samson on March 24, 2013, 06:39:17 PM They didn't disable it, they just moved it. All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com. Supposedly this will help the trading lag since a separate server is now handling data spewing. I'm astounded that it wasn't separated onto multiple front end servers in the first place. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: notme on March 24, 2013, 06:44:02 PM They didn't disable it, they just moved it. All api requests that don't require authentication are now at data.mtgox.com instead of just mtgox.com. Supposedly this will help the trading lag since a separate server is now handling data spewing. I'm astounded that it wasn't separated onto multiple front end servers in the first place. Mtgox has a shitty setup from a technical perspective. They claim some big improvements are coming, but I will be surprised if they are able to keep up with bitcoin growth. In fact, I hope they won't so we can have a more distributed exchange scene. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 24, 2013, 11:32:13 PM 44 by Sunday which sunday, tomorrow? i want to nail you on that one. please give a specific date.yes tomorrow. If I'm wrong I'm wrong, nothing at stake here, I am not even short :) Guess I was wrong. But I'm staying out of this, I made $2k and quit while I'm ahead. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 26, 2013, 12:36:34 AM Hey Bears, how does it feel?
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: ElectricMucus on March 26, 2013, 12:47:49 AM Hey Bears, how does it feel? Actually I am relieved. The curve wasn't actually hyperbolic yet. Might be something like 500 by next week and 20 in a month. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 26, 2013, 02:25:49 AM Hey Bears, how does it feel? Actually I am relieved. The curve wasn't actually hyperbolic yet. Might be something like 500 by next week and 20 in a month. Dump = Relief?...well then you might need some government fiat toilet paper to wipe your butt after you dump. :D Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: AndyRossy on March 26, 2013, 09:41:53 AM It feels fine, aslong as you're the guy also buying them xD
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 26, 2013, 09:49:14 AM It feels fine, aslong as you're the guy also buying them xD Sorry I already bought in long ago. :D Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: AndyRossy on March 26, 2013, 09:53:09 AM Point missed xD
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 26, 2013, 09:55:11 AM How's your Pee Pee coming along? :P
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: AndyRossy on March 26, 2013, 09:57:53 AM How's your Pee Pee coming along? :P meh, I just run a chart website, in fairness, not been active in the alt for a while, real world demands. Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: smoothie on March 26, 2013, 09:58:52 AM PEE PEE...so funny :D
Title: Re: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago? Post by: Littleshop on March 26, 2013, 02:45:40 PM Something happens in 24 hours...... The supply from mining is going to drop by almost 1/3. Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. The price will probably go back up 10-20 hours after the difficulty change. I called that one. ;D |