Do not worry. I put in a large buy order at $475. Somehow the market always knows when I put in a buy order and never goes low enough to trigger the order. Don't know how or why it works but it always seems to work.
Rest assured my personal buy order will stop this price drop at about $476 or so.
Thanks for doing that btw. Maybe if we all do that, we can stop it cold at $476.  |
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Margin calls on Bitfinex, apparently Ethereum (*cough* vaporware *cough*) dev team dumping 1000's of donated BTC, and panic sellers folding weak hands.
Yay for such a mature bitcoin market.
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MUAHAHAHAHAHAHAHAHA!!! This is hilarious and ironic!!! People were SOOOOO worried that the winner of the SR Auction was going to dump thousands of coins on the exchanges and crash the price. Apparently because he was not "one of us" and was just out to make money. Now the irony is that hundreds of altruistic bitcoiners invested millions of dollars worth of bitcoin into a complete vaporware alt coin company, and now it's THEM that are dumping thousands of coins on the market and crashing the price. Serves all you fucking retards right for believing in such stupidity.  Neo & Bee much? |
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Two weeks ago on holiday i visited a psychic. She told me some good news but financially i would suffer catastrophic losses if i wouldn't appreciate what i have.
I bought a lot of BTC at 570 thinking it would be the bottom, thinking i could make a good profit here, but what happened next we all know. I finally decided to sell at 505 take my losses and appreciate what i have before it all comes true exactly as she warned.
I think this is a clear sign that we are not going back up any time soon.
MatTheCat, is that you? |
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I question whether it would be o.k....
What does this ok mean exactly? Maybe you do NOT realize that if you are NOT citing the whole quote, then you are citing the quote out of context. Additionally, from your question and from your fragmented, out of context quote, it appears that you are trolling rather than attempting to engage in substantive discussion of anything meaningful. If I misunderstood you, then let me know, and we can start over.. Yes, you misunderstood me. Don't be so negative thinking, a troll trauma is explicable but not healthy for discussions ;-) I did not understand the meaning of your statement, so I would be very pleased if you could deepen it. I am just of the thinking that it could be difficult for BTC in the long term to recover from extended periods of downward price manipulation - b/c such sustained downward manipulation could cause too much exodus from the bitcoin space or even the marginalizing of bitcoin technology b/c of exiting and marginalizing of necessary bitcoin developments that are inspired by profit potential and potential for NOT taking seriously bitcoin... or even the investment into competitors that end up being worse than bitcoin. I could be wrong; however, b/c it is possible that even bitcoin could recover from such extensive downward price manipulation so long as behind the scenes developments are still taking place. NONETHELESS, I am continuing to think that too low and too long manipulation of a price could be problematic for bitcoin. Also, by the way, I am NOT the only person to have made such a claim, so it is NOT like I am being innovative in my concern about prolong and extend downward BTC price manipulation. Agreed. I think that it's very fair to say, that the 2011 bubble/crash from $30 to $2 set bitcoin's progress back by 18 months. People had lost total confidence in the market. In the same way, if we saw bitcoin bubble/crash from $1200 all the way back down to $200-300 nearly 8-9 months later, and end 2014 much lower than the ATH, that would probably set bitcoin's progress back again by another 18-24 months. |
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A bunch of people sold bitcoin, and the price inexplicably went down! It's uncanny! |
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I first heard of Bitcoin at around $3 and laughed that it was some sort of scam..
In hindsight I now know I should have threw a hundred dollars at it and prayed that it become something.
Although we haven't missed the boat per say.. We certainly missed the easy money train many of the earlier adopters boarded.
..and I'm not sure most people outside of Japan would have either. Send large sums of money via wire transfer to a flaky fly-by-night exchange (Mt.Gox) known for buggy crashes and system outages? No thanks! (And now we know how that played out) |
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This drop mirrors a drop from 11 months ago.
Except no one is defending the price. No one is stepping in hard right now. The Silk Road crash bounced back up hard. +100 |
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enough of Risto cheering, he have a thread for people to lick his ass, please move there and pray to his mighty if you want.
You really ought to STFU, you are the worst flip-flopper there is. Everybody knows it. So we should follow your divine predictions instead? |
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"Weakness of character" related to likeliness of long-term success. Really? Might be a different perspective on things across the pond (assuming you're from the US) ... I remember reading a survey in which a significantly higher number of EU respondents felt that the major developments in their life were not under their direct control compared to US respondents.
I can read that in two ways: Material conditions in the EU have historically tended to reward effort less, vs. EU respondents median strength of character was poorer. I consider the former to be a sufficient explanation, and the latter to be inflammatory. Anyone who has ever faced combat will, regardless of their national origin, immediately recognize that resolution and will are crucial to success in adversarial conditions. One scenario: If your adversary co-opts you successfully, they win. That is the prevailing scenario in the developed world today. I have not spent enough time in under-developed regions to comment on the prevailing scenario in those venues. Of course, it may be argued that choosing combat exhibits weakness of character (or at least, of intellect) much deeper than the strength of character which enables victory in combat.  That said, I don't think Risto is ever really trying to be pompous. He may have a little fun with the successes he has had and post a comment here and there about it, but I think his heart is one that wants to encourage us not to "throw in the towel" so to speak and hold on or buy more coins and try to see the big picture. He has been in this a bit longer than many of us have and has reaped the rewards that could well be ours too if we just show a little patience and self-control.
Agreed, and well said. Risto has absolutely nothing to win by encouraging and causing others to lose money. Also, it will be interesting to come back to this board in a few years. I'm sure that 90% of the posters in this sub forum, and on this thread, will be gone. |
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IMO we are a couple of months away from the bottom
I think its your position talking. If i were you i would spread your bids better, instead of "waiting till its confirmed train, then buyback" no, I think he is right (this time). we only breached 500, the bottom is yet to be found. this is a rebound, nothing else. Yes, no sign of bottom yet, this time we crashed below the 540 too quick and now not easy to find bottom. We just have to wait some days then will see how market act around bottom. To be fair, a lot of people missed the last bottom (judging by the posts anyway), "not being convinced", But my personal bet is 440-460$ this time Keep in mind, the "real" bottom is always a good bit HIGHER than what the bears think is the bottom or have in their minds. After the last capitulation and leveling to $420, many bears and sideline watchers got caught with their pants down. Because they were not convinced and kept saying "$200-250 bottom is a sure thing."  |
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Sold 15 BTC at $535 (bought at $620). Investing in BTC since 2014 has cost me several thousand. Fortunately for the profits I had from (late) 2013, overall I am in not so bad a state for becoming a Bitcoin investor. But that is me out for good. I am both bored out my mind staring at charts trying to make sense of them, all the little 'fundamentals' dramas, and routinely failing to listen to my own better instincts.
I guess we simply will never understand you, Mat. If you don't think BTC will hit $620 again in the next few months, or even by the end of the year, then you are extremely shortsighted. If you didn't want to stay involved in Bitcoin, you could have just held for a few months longer and at least broke even, instead of losing $1400. But then again, you were the one screaming that a $200 bottom was inevitable, so... |
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Obvious Bitfinex margin calling is obvious.
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Go on, call me stupid.
I won't. Let's say worse case scenario it drops to $470 (another $30). You'd be out, what, $180 total on your investment? BFD. And if it rallies you're in the black. |
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If we recover and rally from here, I will be really impressed.
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Sold part of my stash now
Hoping to make a grand atleast
I'll be PISSED if this beast going into some unexpected rally mode now
Honestly if you sold at $500, you are a sucky panicky trader. You waited too long. You should have sold at $570-540 two days ago. EDIT: Oh I see it hit you now. |
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some support here
perhaps 500 will hold?
I doubt that, it's being tested right now and bids are being pulled. And now it's broken... Notice how the largest sells come in right at the 501 threshold. But what am I saying, there couldn't possibly be manipulation going on. Nooooo, not at all. Nope. None. At. All. |
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Drops like this are difficult for me. I've been planning to buy more for weeks. But every time I've bought in the past, it drops the next day. So I'm like a kid that has touched a hot stove one too many times, finally learning that a hot stove is indeed hot and not wanting to get burned again....
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For the first time, short term poll shows bears and neutrals heavily outnumbering bulls by 2:1. Contrarian indicator! Time to buy! |
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