Do bears have coins?  Why would a bear have any bitcoin... I..
People who sell are by definition bears. It doesn't matter if it's for the short or long term. People sell bitcoin all the time. Without bears nobody can buy bitcoins. |
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I bought my first bitcoins near $30 in February 2013, at the time I thought I was buying at the top like a sucker and was worried a 2011-like crash would repeat itself. Boy was I wrong, never imagined it would go all the way over $250 let alone $1000.
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what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.
Are there such "lifeguards" in the common stock exchanges? I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them. If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough"). The actual stock exchange wouldn't care at all, but the user's broker would most likely notice the odd behavior and call up their client to see what's up. |
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This is not even a real exchange but some coinbase-like thing with 1% commission.
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I wish btc to rally slowly to avoid bubble so that no ones has to buy at the top
Bitcoin trading is a game of musical chairs. There always has to be someone who loses for others to make gains. |
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Expect Gazprom's share price to get raped by Wall Street.
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If the ECB does QE then EU stocks will go up like US stocks did in their QE phase.
Going leveraged long on EU indices is a much safer bet than gambling on bitcoin price appreciation due to ECB QE.
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Well, when the Cyprus incident happened it sky rocketed from like 30 to 250, so there is a correlation between crashes and BTC bear rallies.
There were less than 40 Cypriots on Mt.Gox out of the thousands of users, hardly the cause of the rally. http://laanwj.github.io/gox_analysis/The Q1 2013 rally was mainly due to price chasing, not due to actual fears of bail ins. |
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And when on earth did you become so bullish fonzie?  Even the bears are getting tired of shorting bitcoin.  |
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BTCChina had 0% commissions for many months, IIRC. This does not explain the sudden increase in volume.
Perhaps the shadow banking pumpers from November last year are back on BTCChina.. who knows.
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Why is BTCChina's volume up so much over the past couple of days? Are the November 2013 pumpers back in town?
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Most of the fiat invested in bitcoin was bought at prices over $500-$600.
This crash may look insignificant at face value, but it is creating many many bagholders (i.e. new resistance for future rallies). Hence, why bitcoin has the greatest difficulty going over $700 as of late.
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This is starting to look a lot like mid April.. big pump followed by slow daily dumps until mid-400s are reached again.
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LOL @ this post.. bear traps at the highs of 2014. Bears who sold or shorted at that date are laughing all the way to the bank. |
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awaiting another country to go under (cyprus all over again)
How high did bitcoin go up when Cypus went under? Argentina going under doesn't seem to have any effect on coin price. The leaked Mt.Gox data shows that practically no Cypriots had accounts on Gox (the dominant exchange at the time). The Cyprus crisis was just an excuse for a rally and not necessarily the actual reason for it. The real reason for the Q1 2013 rally was due to ''fear of missing out'' by Western techies. |
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^ Indeed, what bitcoiners should be hoping for is that QE to infinity continues.
Banking issues are no good for bitcoin in the short term. We all know what happened when the PBOC squeezed out liquidity to Chinese exchanges.
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I wish I had hodled my LTC short for a bit longer. This shitcoin just keeps going down.
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BTW - DRK  (-60%) Classic pump and dump. |
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 I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar. Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example. Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope  The SR sell off never closed below the daily and weekly ichimoku cloud or the 300 day moving average. This current sell off is significantly more bearish in its structure and not comparable at all to the SR event. |
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BFX will be the next Gox for sure. Their website always has been buggy, until recently you could even put up huge fake walls without money backing it.
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