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Author Topic: Selloff!  (Read 8685 times)
Scientician!
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June 08, 2011, 07:06:36 PM
 #1

Down ~4USD in the last 15 mins  Shocked

Hope this is just statistical noise, or a minor correction...

(edit) back up ~1USD  Roll Eyes

Anyhow.. keep your ears to the railroad tracks if you're a speculator
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Astro
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June 08, 2011, 07:08:53 PM
 #2

More like one sale.
venom
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June 08, 2011, 07:11:56 PM
 #3

Probably one big sale.  Whoever it was will probably be feeling the pain in a week or two  Grin
darkwon
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June 08, 2011, 07:12:13 PM
 #4

Lost 6 Dollars now from todays high, rally's over guys.. Don't think it will ever climb back, seems like the old guys decided theyre rich enough at 30 and will massively sell over the next hours..

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imperi
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June 08, 2011, 07:12:23 PM
 #5

Sell everything! Delete your wallets! Set all miners to stun!
Adam
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June 08, 2011, 07:13:40 PM
 #6

Looks like people taking profit, eating up most of the bids.  There is a very wide gap between bids and asks now.

Astro
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June 08, 2011, 07:13:59 PM
 #7

Yeah, sorry guys, I'm out. 1000 BTC sell order happening in 5...4....3....2...
niemivh
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June 08, 2011, 07:15:13 PM
 #8

It's the bad news regarding the DEA and more bad press I believe.  Should have stayed up all night smoking crack and waiting for it to peak while searching hitting the refresh page for Google News every 30 seconds.

I'll keep my politics out of your economics if you keep your economics out of my politics.

16LdMA6pCgq9ULrstHmiwwwbGe1BJQyDqr
hunts
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June 08, 2011, 07:15:29 PM
 #9

Already bounced back to 29USD
Scientician!
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June 08, 2011, 07:15:35 PM
 #10

Sell everything! Delete your wallets! Set all miners to stun!

Haha, I hope it crashes before my Dwolla links so I can augment my modest 6-week old mining operation with some nominally-baked non-uranium-enriched BTC.
Jaime Frontero
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June 08, 2011, 07:15:45 PM
 #11

Lost 6 Dollars now from todays high, rally's over guys.. Don't think it will ever climb back, seems like the old guys decided theyre rich enough at 30 and will massively sell over the next hours..

* sigh *

"wotta maroon." ~BB
marhjan
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June 08, 2011, 07:17:45 PM
 #12

The market is still EXTREMELY shallow.  Selling more than a few hundred BTC at a time is going to move the market substantially.  This is all part of any market's maturation process, either it will ride out these bumps or it will crash to near zero.  If you know which...  well congratulations ;-)   I am very hopeful that the Bitcoin market will eventually find some sort of stability and actually become the currency it is designed to be.  just my 2 bitmills

Donations happily accepted @ 15qxNsc7pBiz5kXpAJykw4etzMbZitm2mk
SgtSpike
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June 08, 2011, 07:18:00 PM
 #13

Lulz.  Oh yee of little faith... I shall laugh at you when the price hits $100 in less than two weeks.  Wink
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June 08, 2011, 07:18:41 PM
 #14

Everyone calm down and accept that you are invested in the world's most volatile currency.

Now accepting Bitcoin for the children's book "How to Keep Your Helicopter"
http://altanimus.com/product/how-to-keep-your-helicopter
Scientician!
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June 08, 2011, 07:18:47 PM
 #15

@29..


The churn in this market is insane.. I suppose that's to be expected when sharks start diving into the kiddie pool with 5 and 6-digit-USD-equivalent bids/asks.

Casual trader-miners like me can't play with fire this hot.. I hope it cools off, TBH.. could be good for BTC long-term.
Adam
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June 08, 2011, 07:18:58 PM
 #16

Lol, I thought this was funny.  One buyer standing alone again all the sellers.


darkwon
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June 08, 2011, 07:19:25 PM
 #17

hhmmm already back to 30 good thing i didnt sell any..

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imperi
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June 08, 2011, 07:21:22 PM
 #18

It's going back up, now at 30! Buy buy buy! Remake your wallets! Reload your GPUs!
darkwon
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June 08, 2011, 07:22:00 PM
 #19

well, that's a pretty strange ask pattern. Looks like a selloff.. 1k at each full denomination

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tymothy
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June 08, 2011, 07:22:22 PM
 #20

Market hasn't doubled in the last hour, bubble's bursting, time to sell. I'm packing up and going home.

Has anyone else had a horrible transfer time for Dwolla funds showing up in Mt. Gox? I sent funds in 4 hours ago from Dwolla and nothing's showing. If the flow of capital into the market is restricted, that alone is going to slow things down.
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