Bitcoin Forum
May 29, 2024, 05:19:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: The Reason for the Sell-off  (Read 1334 times)
RenegadeMind (OP)
Copper Member
Hero Member
*****
Offline Offline

Activity: 1380
Merit: 504


THINK IT, BUILD IT, PLAY IT! --- XAYA


View Profile WWW
December 11, 2013, 01:09:39 PM
 #1

Truth be told, the sell off is for the same reasons as always.

You see, a few wealthy, rogue bitcoin whales. They've installed microphones on high-rises and tall apartment buildings around the world.

What they do is to force out the weak hands by creating panic selling.

Then they collect the recordings as those panic sellers jump out the windows, screaming as they plummet to their deaths.

They then all get together, smoke cigars, twirl their moustaches, and cackle with glee as they listen to the screams of panic sellers.



Well, that or there was some bad news that spooked some heavies.

So, nothing really new. This is not the panic that you're looking for. Move along...

Wink

rampantparanoia
Sr. Member
****
Offline Offline

Activity: 516
Merit: 283



View Profile
December 11, 2013, 05:19:51 PM
 #2

haha, i liked the old-school banker twist on this new school phenomena
geraFoerra
Member
**
Offline Offline

Activity: 116
Merit: 10


View Profile
December 11, 2013, 06:04:15 PM
 #3

Just do not check price and no panic sell possible. Wait, people put in money they can not loose - bear snack
BitcoinBarrel
Legendary
*
Offline Offline

Activity: 1961
Merit: 1020


Fill Your Barrel with Bitcoins!


View Profile WWW
December 11, 2013, 06:10:31 PM
 #4




        ▄▄▄▄▄▄▄▄▄▄
     ▄██████████████▄
   ▄█████████████████▌
  ▐███████████████████▌
 ▄█████████████████████▄
 ███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
 ██████████████████████▀
 ▀████████████████████▀
  ▀██████████████████
    ▀▀████████████▀▀
.
.....
.....
.....
.....
.....
.....





jeppe
Sr. Member
****
Offline Offline

Activity: 434
Merit: 251


View Profile
December 11, 2013, 06:15:45 PM
 #5

this is funny but dont think its like that........
hieroglyph
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
December 12, 2013, 06:07:52 PM
 #6

Not seeing much of a panic sell off In my opinion it's feels more like a correction from all the good news/hype lately.  But your take on it was  very amusing.

proudhon
Legendary
*
Offline Offline

Activity: 2198
Merit: 1311



View Profile
December 12, 2013, 06:19:50 PM
 #7

Price went up a lot really fast.  Market participants get nervous/take profits.  Price goes down.   

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
HigsonPP
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
December 12, 2013, 06:56:01 PM
 #8

sorry guys, cashed out .1 at the top, that was me Cool

sgbett
Legendary
*
Offline Offline

Activity: 2576
Merit: 1087



View Profile
December 12, 2013, 07:40:29 PM
 #9

Price went up a lot really fast.  Market participants get nervous/take profits.  Price goes down.   

I'm glad you're back on this board. Improves the S/N somewhat Smiley

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!