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Author Topic: How does it feel to sell 10-20 kBTC in low 50's couple of hours ago?  (Read 4369 times)
Vladimir
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March 23, 2013, 01:28:56 PM
 #1

67-68 now.

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bitarrow
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March 23, 2013, 01:32:32 PM
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lol
ElectricMucus
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March 23, 2013, 01:33:58 PM
 #3

44 by Sunday

SELL SELL SELL!  Cheesy

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
samson
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March 23, 2013, 01:38:59 PM
 #4

44 by Sunday

SELL SELL SELL!  Cheesy

I'm hoping for $42
ElectricMucus
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March 23, 2013, 01:40:55 PM
 #5

44 by Sunday

SELL SELL SELL!  Cheesy

I'm hoping for $42

Monday dude, monday.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
lebing
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March 23, 2013, 01:43:27 PM
 #6

Sphincter tearing dump got pwned, that's got to hurt Smiley Was worried there could be a panic over the weekend but it looks more like 'great, gimmie cheap coins'.

been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn.  Huh

Bro, do you even blockchain?
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Herodes
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March 23, 2013, 01:47:33 PM
 #7

67-68 now.

You're so obnoxious. I'm glad you're not my brother, I would probably fight you constantly.  Grin
thezerg
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March 23, 2013, 01:53:43 PM
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Sphincter tearing dump got pwned, that's got to hurt Smiley Was worried there could be a panic over the weekend but it looks more like 'great, gimmie cheap coins'.

been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn.  Huh

It didn't go deep.  Look at the graph, it barely touched the top of the average trendline that has been set over the past few months, due to the massive upwards breakout that started on monday.  This market is still driven buy buyers...

http://www.bitcoincharts.com/charts/mtgoxUSD#rg30zigHourlyztgSzm1g10zm2g25zv
Vladimir
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March 23, 2013, 02:05:14 PM
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67-68 now.

You're so obnoxious. I'm glad you're not my brother, I would probably fight you constantly.  Grin

 Shocked indeed. Doing my best.

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ineededausername
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March 23, 2013, 02:06:34 PM
 #10

....
been that way for months. which made me so surprised how deep this one went. cant understand why people dont learn.  Huh

Noticed the same, they seemed to be using the weekends to steady out sharp rises and not crash the price though. This one was huge and looked more like an attempt to cause a panic.

uh, not really, it wasn't huge at all

32/49 = 65%
52/75 = 69%

there's been worse Smiley

(BFL)^2 < 0
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March 23, 2013, 02:11:45 PM
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He'll be buying much lower, I think.
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March 23, 2013, 02:42:23 PM
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I imagine a lot of the selling in the 50s was people getting squeezed out of their long positions on bitfinex, like me.  Cry I'm never going to sleep again...

Well IMO you should just hold, since you will likely just lose your coins by putting in stops, or selling b/c you are scared by the dip. But if you want to trade it, better to sell into extremely extended runs, like the one to 75, then put in buy orders for the dip. Buy the dips, don't sell into them.
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March 23, 2013, 02:48:26 PM
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I know it feels awesome sold at 71 and bought at 55.

How about you bulls?
Dargo
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March 23, 2013, 02:50:52 PM
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I imagine a lot of the selling in the 50s was people getting squeezed out of their long positions on bitfinex, like me.  Cry I'm never going to sleep again...

Well IMO you should just hold, since you will likely just lose your coins by putting in stops, or selling b/c you are scared by the dip. But if you want to trade it, better to sell into extremely extended runs, like the one to 75, then put in buy orders for the dip. Buy the dips, don't sell into them.

I didn't want to sell. I was asleep and got squeezed out. The moment I woke up I went long for all I could. Looking at a nice profit, too.

Good, glad to hear it. But I assume you got "squeezed out" b/c you set a stop and it got hit?
Aztec
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March 23, 2013, 02:54:57 PM
 #15

The rates been up and down like a whores knickers all day.

I hope a load of pansies shit themselves and sell and it goes down to about $40. I will sell my grandmothers prosthetic leg and buy like a maniac

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March 23, 2013, 03:01:31 PM
 #16

The rates been up and down like a whores knickers all day.

I hope a load of pansies shit themselves and sell and it goes down to about $40. I will sell my grandmothers prosthetic leg and buy like a maniac

I hope there are more idiots like you. More comedy for me.  Cheesy

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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March 23, 2013, 03:04:28 PM
 #17

I hope there are more idiots like you. More comedy for me.  Cheesy

Hmmm Big yellow ignore button beckons

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March 23, 2013, 03:09:13 PM
 #18

Look if it goes to 40 now it will trigger various trend following profit taking signals. Once that happens the bull market is over.
Anybody except the true believers will tell you this. (And those know it too they won't just admit to it)

If you think the bull should live, accept the buying opportunity was the 55s and move on.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Littleshop
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March 23, 2013, 03:14:20 PM
 #19

Something happens in 24 hours......

The supply from mining is going to drop by almost 1/3.  Right now the supply is unusually high do to many ASIC rigs coming online and those people are selling right away to pay for the rigs. 

The price will probably go back up 10-20 hours after the difficulty change. 

Vladimir
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March 23, 2013, 03:20:55 PM
 #20

Littleshop, all good points. I am not sure however that freshly mined coins have much of an effect on the market. Also your analysis assumes that mining capacity will stop rising after difficulty jump. For all I know it can even accelerate and we will be mining 9-10 blocks per hour for quite a while. Basically until ASICs will barely cover cost of electricity.

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