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Title: Hold on to your butts... Post by: Synaptic on June 17, 2011, 07:23:42 PM All I'm saying at this point is that I have it on good faith right now that there is about to be a rather large market movement on MT. GOX within the next couple/few hours.
I hope this forum isn't going to be as fucking slow as it's been cause things are going to be hilariously exciting here soon. Gonna be a fun weekend here..hopefully my last. Title: Re: Hold on to your butts... Post by: hazek on June 17, 2011, 07:50:33 PM YO! Can you wait till for 1 hours and 5min more? I want to win a bet before you tilt dump all you have, ty!! ;D ;D
Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 07:57:33 PM YO! Can you wait till for 1 hours and 5min more? I want to win a bet before you tilt dump all you have, ty!! ;D ;D Ha. Not me dumping, I only have about 10 BTC to my name... Title: Re: Hold on to your butts... Post by: tymothy on June 17, 2011, 08:00:10 PM YO! Can you wait till for 1 hours and 5min more? I want to win a bet before you tilt dump all you have, ty!! ;D ;D Ha. Not me dumping, I only have about 10 BTC to my name... Sure, 10 BTC to your name and 10000 BTC in your blind trust. Title: Re: Hold on to your butts... Post by: hazek on June 17, 2011, 08:03:06 PM If you do dump something like 100k you can always send me a courtesy payment of 1BTC to cover my bet that you'll lose me 8)
Title: Re: Hold on to your butts... Post by: flug on June 17, 2011, 08:52:24 PM dum de dum
Title: Re: Hold on to your butts... Post by: piuk on June 17, 2011, 09:04:58 PM I'm holding, but nothing is happening,
Title: Re: Hold on to your butts... Post by: relative on June 17, 2011, 09:06:37 PM YO! Can you wait till for 1 hours and 5min more? I want to win a bet before you tilt dump all you have, ty!! ;D ;D Ha. Not me dumping, I only have about 10 BTC to my name... spent the rest of your 9990 BTC on "insider information" like this? Title: Re: Hold on to your butts... Post by: mjsbuddha on June 17, 2011, 09:09:11 PM nothing is happening other then my butt getting hot and sweaty.
Title: Re: Hold on to your butts... Post by: pokermon919 on June 17, 2011, 09:19:53 PM Fear spreading is something I connect to the OP after reading on this thread the past few days.
Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:39:48 PM Fear spreading is something I connect to the OP after reading on this thread the past few days. I'm a staunch realist, yes. Do I care about successful FUD dissemination? No. This forum for me is primarily for entertainment purposes, and secondarily for my own stress relief at getting involved in this bullshit scheme. But this post, about the market, is not about fear. For many people, it could be really good news, if they're really looking to buy low. Sellers might not like it, but everything splits both way in a zero sum game... Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 09:41:57 PM Someone is deciding to sell everything after the price dips to the $13-$14 range? What a genius. Warren Buffet in the making.
Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:43:08 PM Also, if he's going to dump, it will be sometime after 5PM CST.
Not 100% sure, but it's looking likely, especially if the market jumps up to like $14 real quick with enough depth for him to make a bit more in the dump. Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 09:44:07 PM Also, if he's going to dump, it will be sometime after 5PM CST. Not 100% sure, but it's looking likely, especially if the market jumps up to like $14 real quick with enough depth for him to make a bit more in the dump. Why didn't he dump 2 days ago? Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:44:40 PM Someone is deciding to sell everything after the price dips to the $13-$14 range? What a genius. Warren Buffet in the making. Apparently the belief is that it's not recovering any time soon and is going to go much, much lower. In fact, I disagree and think it won't go as low as assumed, but again I only have 10 BTC to care about... Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:45:53 PM Someone is deciding to sell everything after the price dips to the $13-$14 range? What a genius. Warren Buffet in the making. I was thinking the same thing. Hmm... stable prices for 2-3 days, hold... hold... steady now... oh, oh drop to 13! SELL, SELL! ;D Well I can't speak for anyone but myself in this instance, but I thought it was actually going to climb out of the stagnation. Maybe he was surprised like me and wants to get out? IDK. Title: Re: Hold on to your butts... Post by: relative on June 17, 2011, 09:48:17 PM Maybe you are making shit up?
IDK. Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 09:49:59 PM Maybe you are making shit up? IDK. IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility. Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:50:27 PM Maybe you are making shit up? IDK. Yeah, probably ;-) Title: Re: Hold on to your butts... Post by: done on June 17, 2011, 09:51:22 PM Any chances to add more to my position are welcomed 8)
Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 09:52:33 PM My favorite part about all of this is that nothing noticeable will happen in the next few hours.
Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:54:29 PM Maybe you are making shit up? IDK. IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility. The price now is still much higher than it's worth. I personally doubt there's any investors/speculators stupid enough at this point to try and drive the price up to $30 again. Maybe in a year when there's an ACTUAL bitcoin economy and not just a bunch of hot air, then the price might recover. But for now? No. I think it's been pretty publicly demonstrated that the BTC hot-air ballon basket is falling. Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 09:55:26 PM Maybe you are making shit up? IDK. IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility. The price now is still much higher than it's worth. I personally doubt there's any investors/speculators stupid enough at this point to try and drive the price up to $30 again. Maybe in a year when there's an ACTUAL bitcoin economy and not just a bunch of hot air, then the price might recover. But for now? No. I think it's been pretty publicly demonstrated that the BTC hot-air ballon basket is falling. If you were right, there wouldn't be such a large trade volume in USD every day. The price of Bitcoins must be high enough to support this volume. Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 09:57:13 PM My favorite part about all of this is that nothing noticeable will happen in the next few hours. That very well may be. I don't really understand the market well enough to know if the amounts involved are enough to move it right now. With the knowledge I have right now, I think it's a pretty good chance, but I've only been doing this for a week or so now. I don't know if he'll even have the balls to do it if he doesn't see a jump to at least $14-14.5, even though he's scared as hell and wants out... Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 09:58:38 PM My favorite part about all of this is that nothing noticeable will happen in the next few hours. That very well may be. I don't really understand the market well enough to know if the amounts involved are enough to move it right now. With the knowledge I have right now, I think it's a pretty good chance, but I've only been doing this for a week or so now. I don't know if he'll even have the balls to do it if he doesn't see a jump to at least $14-14.5, even though he's scared as hell and wants out... If the price of Bitcoins was $1, people wouldn't be able to buy $10k in Bitcoins (as they commonly do now), because that would require 10k bitcoins. 10k-60k or so Bitcoins are traded every day in total no matter what. So the price must be high enough to accommodate the larger flows of money. Title: Re: Hold on to your butts... Post by: jatajuta on June 17, 2011, 10:00:52 PM Maybe you are making shit up? IDK. IDK, people who wait until the price drops nearly 50% to sell just don't deserve to hold onto it. Can't have the responsibility. The price now is still much higher than it's worth. I personally doubt there's any investors/speculators stupid enough at this point to try and drive the price up to $30 again. Maybe in a year when there's an ACTUAL bitcoin economy and not just a bunch of hot air, then the price might recover. But for now? No. I think it's been pretty publicly demonstrated that the BTC hot-air ballon basket is falling. The world is not only US and Europe. What do you think will happen when Brazil and other Latin American countries have access to MtGox or other exchanges? I live in Brazil and everyone is trying to buy bitcoins and is very difficult at this moment. Just wait when all the world have access to an exchange or when Pablo Escobar discovers that he can use bitcoins instead of dollars. And im not even considering a mass adoption which would make the prices go to 5000+ easily. http://falkvinge.net/2011/06/16/bitcoins-four-drivers-part-one-unlawful-trade/ (http://falkvinge.net/2011/06/16/bitcoins-four-drivers-part-one-unlawful-trade/) Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 10:03:08 PM Well, I have to take a nap, so whenever I get back we'll see if I've been totally full of it, or just how deep the rabbit hole is going.
Title: Re: Hold on to your butts... Post by: Synaptic on June 17, 2011, 10:04:59 PM I don't really understand the market well enough to know if the amounts involved are enough to move it right now. 15951 Bitcoins sold at this instant (ignoring dark buy orders) will drop the price to 11.99. Then it's definitely not going to $11.99 on my words... Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 10:05:40 PM My favorite part about all of this is that nothing noticeable will happen in the next few hours. Title: Re: Hold on to your butts... Post by: Oldminer on June 17, 2011, 10:05:58 PM Yea great, well we need some excitement around here.
Someone do something..anything.. edit: maybe someone could post another chart with a prediction. There always good for a laff Title: Re: Hold on to your butts... Post by: meighty on June 17, 2011, 10:29:34 PM Isn't that what a market is suppose to do?
If it goes down low and people start to panic, others will buy and it will start to drive the price back up. Title: Re: Hold on to your butts... Post by: befuddled on June 17, 2011, 10:32:37 PM Well maybe people will finally stop building new mining hardware, difficulty will drop and we can get back to earning a few from our rigs.
Title: Re: Hold on to your butts... Post by: piuk on June 17, 2011, 10:38:54 PM well that was an anti climax
Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 10:41:44 PM His friend probably had 200 BTC to sell... could've changed everything.
Title: Re: Hold on to your butts... Post by: flug on June 17, 2011, 11:00:13 PM Rally! Hold on!
Title: Re: Hold on to your butts... Post by: mjsbuddha on June 17, 2011, 11:06:18 PM Rally! Hold on! All my strategic butt holding finally pays off! Title: Re: Hold on to your butts... Post by: Man From The Future on June 17, 2011, 11:06:42 PM Just spiked to 16.7 from 13.8... 0.o
Title: Re: Hold on to your butts... Post by: meighty on June 17, 2011, 11:07:44 PM If you were playing the markets right now, you could be making some money....
Title: Re: Hold on to your butts... Post by: AtomicTrader on June 17, 2011, 11:16:20 PM Bizarre movement. Back down she goes. Probably to new low of day too.
Title: Re: Hold on to your butts... Post by: imperi on June 17, 2011, 11:52:36 PM So what's the scoop? Did your friend sell all his BTC at $13.50? LOL. "Future Warren Buffet"
Title: Re: Hold on to your butts... Post by: DamienBlack on June 18, 2011, 12:18:48 AM Judging by the price spike, no one sold, they bought.
Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 02:26:30 AM Judging by the price spike, no one sold, they bought. Heh, yep. Just woke up from my nap and saw that he did exactly what he said he was going to do. I never said originally which way it was going to go, and everyone just assumed down. Since that played perfectly into his plans, might as well run with it, I thought. I even admitted to one of you guys I was bullshitting about the "sell off"... Hope you guys enjoyed the ride while I was asleep. :) Title: Re: Hold on to your butts... Post by: imperi on June 18, 2011, 02:29:11 AM Judging by the price spike, no one sold, they bought. Heh, yep. Just woke up from my nap and saw that he did exactly what he said he was going to do. I never said originally which way it was going to go, and everyone just assumed down. Since that played perfectly into his plans, might as well run with it, I thought. Hope you guys enjoyed the ride while I was asleep. :) Quote But this post, about the market, is not about fear. For many people, it could be really good news, if they're really looking to buy low. Sellers might not like it, but everything splits both way in a zero sum game... Lying a bit now? Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 02:32:46 AM Judging by the price spike, no one sold, they bought. Heh, yep. Just woke up from my nap and saw that he did exactly what he said he was going to do. I never said originally which way it was going to go, and everyone just assumed down. Since that played perfectly into his plans, might as well run with it, I thought. Hope you guys enjoyed the ride while I was asleep. :) Quote But this post, about the market, is not about fear. For many people, it could be really good news, if they're really looking to buy low. Sellers might not like it, but everything splits both way in a zero sum game... Lying a bit now? Eh, couldn't get my ninja edit off before you quoted me, but again, I did hint twice that my "sell off" info was fake. But I was serious the whole time about the market moving. Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 02:41:22 AM Eh, couldn't get my ninja edit off before you quoted me, but again, I did hint twice that my "sell off" info was fake. But I was serious the whole time about the market moving. It's all good. No one with a bit of sense listens to you anyway. :D No skin off my back, I told you I only post here for entertainment and stress relief anyway. Doesn't change the fact that I told you what was about to happen in the market. Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 02:46:58 AM Eh, couldn't get my ninja edit off before you quoted me, but again, I did hint twice that my "sell off" info was fake. But I was serious the whole time about the market moving. It's all good. No one with a bit of sense listens to you anyway. :D No skin off my back, I told you I only post here for entertainment and stress relief anyway. Doesn't change the fact that I told you what was about to happen in the market. From what I've read of your posts, you need even more stress relief. You totally nailed it. People love to buy for more, instead of less. Yep, he got a good deal too, right on schedule. Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 02:50:30 AM BTW, I think he was a total fucking idiot for buying in. Don't think just because I'm reporting on the activities of one market mover that I actual give a shit about his activities.
Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 02:53:18 AM Yep, he got a good deal too, right on schedule. So... are you still leaving after this weekend. Or can we be friends? I was hoping his buy in would cause a bigger rally and let me sell off what few BTC I've mined for a much higher profit and save me from having to go through the hassle of RMA'ing some of my hardware... Unfortunately it didn't get people rallying as much as I thought, so I might stick out a bit longer until I can maybe recoup enough to pay off at least one of my cards, then bail. Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 03:07:12 AM Unfortunately it didn't get people rallying as much as I thought, so I might stick out a bit longer until I can maybe recoup enough to pay off at least one of my cards, then bail. Oh good. So you will be around for a few more days then? I really enjoy reading you call people fuck heads and what not. 10-4, fuck head. Title: Re: Hold on to your butts... Post by: Synaptic on June 18, 2011, 03:17:20 AM Unfortunately it didn't get people rallying as much as I thought, so I might stick out a bit longer until I can maybe recoup enough to pay off at least one of my cards, then bail. Oh good. So you will be around for a few more days then? I really enjoy reading you call people fuck heads and what not. 10-4, fuck head. :D ;D Title: Re: Hold on to your butts... Post by: hazek on June 19, 2011, 07:02:19 PM Looks like this was a joke after all. ::) |