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Ted E. Bare
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June 21, 2016, 03:12:36 AM |
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I'm not worried at all. I don't trade at Bitfinex and I'm invested in bitcoin since $300. Wish I could buy more actually.
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Stevenirving
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June 21, 2016, 03:15:48 AM |
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Just got off the longest plane ride of my life. Did anything happen specifically which caused the crash or is this just the price correction everyone saw coming?
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glorywhole
Newbie
Activity: 42
Merit: 0
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June 21, 2016, 03:16:39 AM |
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I'm not worried at all. I don't trade at Bitfinex and I'm invested in bitcoin since $300. Wish I could buy more actually.
You should definitely buy more. Also: convince friends & family to do same  |
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BlindMayorBitcorn
Legendary
Activity: 1260
Merit: 1116
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June 21, 2016, 03:22:44 AM |
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We are starting to get mainstream breakthrough.  But.. |
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RGR991
Member
Activity: 99
Merit: 10
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June 21, 2016, 03:39:03 AM |
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Finex is such bs, watch their "network outage" suddenly go away if the price was to pump. They are facing the problem with 39M in leveraged longs facing liquidations and the chain reaction that may cause, they have no idea how to deal with it. Finex issues started at 740 now 688 |
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JimboToronto
Legendary
Activity: 4704
Merit: 6170
You're never too old to think young.
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June 21, 2016, 03:45:26 AM |
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Well, well, well. Just got home to see that Finex imploded. When I went out, Finex had suspended operations and I was already wondering what was up with the sudden leveling of the order book. I was wondering what kind of shit would hit the fan when they came back online.    Seems Finex has problems that spilled over on the entire market, both in the form of arbitrage and general panic. I've been waiting for a buying opportunity for almost a month and a half and now that it comes, it's too late to do anything about it. Hopefully it'll last until morning. Meanwhile, BtcTicker seems to be down (or is it just me?). Maybe it's an attack against the infrastructure, starting with the highest-volume USD exchange, or maybe it's just another Goxing. Thank gawd all my coins are safe offline. Lets see where this is headed, but I'm fairly sure this is just a minor glitch and hopefully a nice buying opportunity. |
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Alley
Legendary
Activity: 910
Merit: 1000
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June 21, 2016, 03:49:16 AM |
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Finex up in 11 minutes.
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RCan06
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June 21, 2016, 03:50:50 AM |
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Finex is such bs, watch their "network outage" suddenly go away if the price was to pump. They are facing the problem with 39M in leveraged longs facing liquidations and the chain reaction that may cause, they have no idea how to deal with it. Finex issues started at 740 now 688 It's alright, they're pumping the price back up before they go back online  |
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BitcoinNewsMagazine
Legendary
Activity: 1806
Merit: 1164
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June 21, 2016, 03:51:08 AM |
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From the August 2015 low to the June 2016 high we have been in a bitcoin bull market. A 23.8% Fibonacci correction to $640 would be healthy and not anything to get your panties in a wad about.  |
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DaRude
Legendary
Activity: 3314
Merit: 2187
In order to dump coins one must have coins
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June 21, 2016, 03:56:28 AM |
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Monitoring - Trading will resume at 4:00 UTC. Order cancels can be submitted now, but they will not process until 4:00 UTC. Please note: When trading resumes there will likely be wide spreads. We caution users to be cognizant of this fact and warn against using market orders. As trading goes on, the order book will fill in and this will become less of an issue. Please be aware of market conditions when placing your orders.
Jun 21, 03:49 UTC https://bitfinex.statuspage.io/ |
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PoolMinor
Legendary
Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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June 21, 2016, 04:00:21 AM |
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I've been waiting for a buying opportunity for almost a month and a half and now that it comes, it's too late to do anything about it. Hopefully it'll last until morning.
You've had 18 months worth of buying opportunity, why wait until now? Hopefully it won't last until morning. |
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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June 21, 2016, 04:02:05 AM |
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BFX overshoot in 10....
Edit: I love a 1 minute candle that stretches from 675 to 710
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GreekGeek
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June 21, 2016, 04:15:52 AM |
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so should I buy or should I sell ?
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DaRude
Legendary
Activity: 3314
Merit: 2187
In order to dump coins one must have coins
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June 21, 2016, 04:16:34 AM |
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Huh so the world didn't end and we're still trading in $700s and only BTC2600 till $750
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Ted E. Bare
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June 21, 2016, 04:21:01 AM |
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Yes of course you should buy. I feel bad for the sellers.
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calme
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June 21, 2016, 04:23:27 AM |
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Yes of course you should buy. I feel bad for the sellers.
Well, it's called being a n00b and losing money is part of the initiation to making money  |
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JayJuanGee
Legendary
Activity: 4438
Merit: 14403
Self-Custody is a right. Say no to "non-custodial"
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June 21, 2016, 04:26:05 AM |
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so should I buy or should I sell ?
Buy while it is going down and sell while it is going up... That's the open secret, yet the devil is in the details in order to not sell too much and not to buy too much, so that you can always be prepared for unexpected overruns... which this one kind of was. |
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GreekGeek
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June 21, 2016, 04:26:32 AM |
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Yes of course you should buy. I feel bad for the sellers.
Well, it's called being a n00b and losing money is part of the initiation to making money the "n00b" goes to the sellers or to Ted E. Bare who seems very sure even if he is a simple member ?  |
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calme
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June 21, 2016, 04:28:02 AM |
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Do ETFs give you as good of a price as just putting your coins in cold storage? I'm thinking about eventually just buying into an ETF or two and then trading my actual BTC
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JimboToronto
Legendary
Activity: 4704
Merit: 6170
You're never too old to think young.
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June 21, 2016, 04:31:23 AM |
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I've been waiting for a buying opportunity for almost a month and a half and now that it comes, it's too late to do anything about it. Hopefully it'll last until morning.
You've had 18 months worth of buying opportunity, why wait until now? Hopefully it won't last until morning. I stocked up quite nicely during 2015 and early 2016 thank you. Raised the average price of my coins from $120 to around $200 in the process but added about 100 coins to my stash. When I said I was waiting for almost a month and a half, I meant that the last time we had a dip worth buying was on May 2, when I bought my last coins. I didn't consider the dip on May 19 to be deep enough to buy. Same with June 14 or 17. When we were toying with $780, I set $680 as the point at which I'd consider adding to my stash. Tonight we hit it. Too bad it happened so late in the day. Now maybe I'll have to wait until it dips from $980 down to $880 to buy more. |
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Poll
