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Wandererfromthenorth
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January 13, 2015, 04:39:30 AM |
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Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?  Do you take chargebacks? Cuz if you do I'm staying away you scammer!  |
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derpinheimer
Legendary
 Offline
Activity: 896
Merit: 1000
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January 13, 2015, 04:42:05 AM |
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what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
bitfinex has a stop-stop loss system, so I imagine they have stop-losses |
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samsonn25
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January 13, 2015, 04:44:39 AM |
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what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc? |
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NotLambchop
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January 13, 2015, 04:45:42 AM |
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Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders? N00b, you know nothing of Beanie Babies. Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u? Fuck no is right!  |
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poncho32
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January 13, 2015, 04:46:46 AM |
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what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc? Either because they want fiat money or to increase their bitcoin stash |
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twiifm
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January 13, 2015, 04:47:42 AM |
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what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc? Masochism |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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January 13, 2015, 04:48:58 AM |
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Idiot traders are completely ruining the market. They won't stop til its dead. Enjoy your pump and dump beanie babies! |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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January 13, 2015, 04:51:39 AM |
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Idiot traders are completely ruining the market. They won't stop til its dead. Enjoy your pump and dump beanie babies! You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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January 13, 2015, 04:53:37 AM |
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Bitstamp | Total bids: 1066639 USD. Total asks: 12160 BTC. Ratio: 87.71315 USD/BTC.
😈
wow, only million in bids |
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fallinglantern
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January 13, 2015, 04:54:28 AM |
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You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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January 13, 2015, 04:56:47 AM |
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You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you. That's just it. In a panic buy, nobody can log in. DDOS attacks ensue. Orders get cancelled. People are forced to buy back high or are out. |
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NotLambchop
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January 13, 2015, 04:58:30 AM |
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...
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
Mabel, he's dead, we burred the boy. That ...that THING knocking at our door ain't our Bitcoin. Some things are best let go, you ...you don't want him back like ...that. |
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ChartBuddy
Legendary
Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 13, 2015, 05:00:06 AM |
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Bitfinex  Bitstamp  Explanation |
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DaRude
Legendary
Offline
Activity: 2902
Merit: 1914
In order to dump coins one must have coins
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January 13, 2015, 05:01:09 AM |
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what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc? Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss |
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NotLambchop
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January 13, 2015, 05:03:31 AM |
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...
Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss
At a loss? All the permabulls got coin @ $6, if I'm to take their word for it. |
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JorgeStolfi
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January 13, 2015, 05:06:14 AM |
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This is like $1000 but in complete opposite.  In a sense it is. Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges. I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers. My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources. Perhaps 1 or 2 million BTC in total. Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles. However, in the last couple of months the decay seems to be linear, or even faster than linear. Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months. |
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dspair
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January 13, 2015, 05:06:44 AM |
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At a loss? All the permabulls got coin @ $6, if I'm to take their word for it.
I still have that 2.5$ coin in my wallet, reading this thread with a smile on my face  |
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DaRude
Legendary
Offline
Activity: 2902
Merit: 1914
In order to dump coins one must have coins
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January 13, 2015, 05:09:51 AM |
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This is like $1000 but in complete opposite. In a sense it is. Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges. I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers. My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources. Perhaps 1 or 2 million BTC in total. Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles. However, in the last couple of months the decay seems to be linear, or even faster than linear. Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months. Or BTC farms are getting insolvent and being liquidated causing a domino effect. Guessing hardware providers will be getting squeezed too now |
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NotLambchop
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January 13, 2015, 05:10:30 AM |
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At a loss? All the permabulls got coin @ $6, if I'm to take their word for it.
I still have that 2.5$ coin in my wallet, reading this thread with a smile on my face Exactly. And you haven't bought any since that one @ $2.5, because what sort of a rube would do that, amirite? Right on! P.S: I'm not just smiling reading this thread, I'm laughing. Can't remember ever being this happy! |
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