Wexlike
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Activity: 1473
Merit: 1086
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March 10, 2017, 11:40:26 PM |
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Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.
i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice. its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time. Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop. The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards.... Well, I paid 3€ fee for 1 kB to be included in the next block. I really think we have a problem. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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B1tUnl0ck3r
Sr. Member
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Activity: 854
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liife threw a tempest at you? be a coconut !
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March 10, 2017, 11:43:16 PM |
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strawbs
Legendary
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Activity: 868
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March 10, 2017, 11:45:09 PM |
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Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.
i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice. its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time. Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop. The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards.... Well, I paid 3€ fee for 1 kB to be included in the next block. I really think we have a problem. Well yes, but that's a different point and unrelated to the ETF decision. |
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noodle_dam
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March 10, 2017, 11:47:19 PM |
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That's exactly how I felt when I heard the "No Bitcoin ETF FOR YOU!" News! Oh well there is always next year when another Winky Floss group comes along. There will always be another. |
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Killerpotleaf
Sr. Member
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Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 10, 2017, 11:47:59 PM |
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950 by midnight...
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JimboToronto
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Activity: 4004
Merit: 4469
You're never too old to think young.
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March 10, 2017, 11:48:07 PM |
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People already got liquidated on margin so could very well be a good price. I applaud you Jimbo for buying. Best of luck to us holders. We always won. Of course it is hard to guess the exact bottom but there is obviously a good probability that we will have higher prices again within the next couple of weeks. To each their own strategy. We have had far worse things happening, like exchanges being hacked and many coins stolen. This ETF-thing is not such a bad event at all. I hate those fuckers at the SEC tho.  In addition to getting a great buying opportunity, we also got to see great support at $1000. How long did it dip down to triple digits? Mere seconds? Settling in around $1100 to consolidate ain't all that bad. We were only dreaming of this level a few short weeks ago. |
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Torque
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Activity: 3556
Merit: 5041
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March 10, 2017, 11:52:05 PM |
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Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.
i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice. its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time. Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop. The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards.... As a long term hodler, I always ask myself one question: Do I think that the price will be higher next year than it is right now? And I answer, 'yes'. So I hodl. Easy decision. And guest what? It almost always is higher. (we won't count that anomaly called '2014', lol). |
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Ted E. Bare
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March 10, 2017, 11:54:32 PM |
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In addition to getting a great buying opportunity, we also got to see great support at $1000.
How long did it dip down to triple digits? Mere seconds?
Settling in around $1100 to consolidate ain't all that bad. We were only dreaming of this level a few short weeks ago.
YES! Definitely too soon for moon pics, but we're doing great Jimbo. |
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machasm
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March 11, 2017, 12:03:05 AM |
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The question is 'Do you believe in Bitcoin'?
If the answer is yes then buy and hodl.
If the answer is no then gtfo and leave the rest of us to get on with it!!
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eddie13
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Activity: 2296
Merit: 2262
BTC or BUST
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March 11, 2017, 12:03:27 AM |
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950 by midnight...
Bet 100k sat for funzies? |
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eddie13
Legendary
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Activity: 2296
Merit: 2262
BTC or BUST
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March 11, 2017, 12:04:34 AM |
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If the answer is no then gtfo and leave the rest of us to get on with it!!
Then who's BTC would I take on the exchanges? |
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Killerpotleaf
Sr. Member
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Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 11, 2017, 12:06:46 AM |
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950 by midnight...
Bet 100k sat for funzies? i would but i wouldn't want you to have to pay another 100K sat TX fee to make good on your bet |
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Ted E. Bare
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March 11, 2017, 12:12:48 AM |
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950 by midnight...
For that to happen they'd have to decline the ETF once again, right?  The decision is already put out and traders did respond. Bitcoin was above 1000 because of the halving, ahead of ETF talks. No ETF needed to sustain these prices I'd argue. |
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Killerpotleaf
Sr. Member
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Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 11, 2017, 12:13:46 AM |
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950 by midnight...
For that to happen they'd have to decline the ETF once again, right hahaha the funny part is they will! on march 30th |
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eddie13
Legendary
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Activity: 2296
Merit: 2262
BTC or BUST
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March 11, 2017, 12:15:45 AM |
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950 by midnight...
Bet 100k sat for funzies? i would but i wouldn't want you to have to pay another 100K sat TX fee to make good on your bet 10k sat will still go but take a day or 2 right? Polo is still only 10k fee anyway and with their bundled TX would prolly be decent priority.. |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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March 11, 2017, 12:16:53 AM |
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Bitcoin was on Bloomberg live TV about 15 minutes ago, interviewing some guy about the ETF. They weren't sure if the Winklevoss twins would use their own coin or have to buy more on the open market. Whatever the case, they said there's going to be a huge run on Bitcoin in the event the SEC passes. Very bullish. Hope they archive it soon. https://www.bloomberg.com/live/usB...but weren't we told yesterday that all media is evil and they just ridicule Bitcoin and say its all a big hoax?  Just jokin...  Here's another choice one from Bloomberg. https://www.bloomberg.com/news/articles/2017-03-03/bitcoin-is-now-worth-more-than-goldNotice the main title: "Bitcoin Soars to a Record High"Sounds really positive for a change, right? Then looks what slaps in the face you next. The subtitle: "How long can this rally last? After a peak in 2013, bitcoin fell 53 percent."They make sure to pepper the negatives right away, and throughout the articles. They want to make sure Average Joe is scared shitless to stay away.  People don't realize that Bitcoin is not just the Next Big Thing. (Aka a fad that will sooner or later die off) It is the Forever Big Thing. That will keep on getting bigger. BusinessInsider makes sure to jump on the negative... again. Check out that headline: http://www.businessinsider.com/bitcoin-price-crashes-after-the-sec-rejects-the-wiklevoss-twins-etf-2017-3but... but... they're not against Bitcoin?? Right??? |
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savetherainforest
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March 11, 2017, 12:17:48 AM |
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That's exactly how I felt when I heard the "No Bitcoin ETF FOR YOU!" News! Oh well there is always next year when another Winky Floss group comes along. There will always be another. And its gone again!  ... Hope the moneyz get in timez 4 za bang 4 my buck!  ... great .gif btw! |
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Killerpotleaf
Sr. Member
Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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March 11, 2017, 12:21:19 AM |
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950 by midnight...
Bet 100k sat for funzies? i would but i wouldn't want you to have to pay another 100K sat TX fee to make good on your bet 10k sat will still go but take a day or 2 right? Polo is still only 10k fee anyway and with their bundled TX would prolly be decent priority.. ok but i'd bet on <975 by monday 00:00 |
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travwill
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March 11, 2017, 12:25:48 AM |
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950 by midnight...
Bet 100k sat for funzies? i would but i wouldn't want you to have to pay another 100K sat TX fee to make good on your bet 10k sat will still go but take a day or 2 right? Polo is still only 10k fee anyway and with their bundled TX would prolly be decent priority.. ok but i'd bet on <975 by monday 00:00 Nice if it gets down that low again, I moved some cash to GDAX to be ready to pick some coins up again - always miss but ready this time if so... |
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Stevenirving
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March 11, 2017, 12:25:59 AM |
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Back to the question at hand. Sell or buy.
The main point here is how could we possibly not crash lower or have another crash over the weekend?
It just seem obvious
Will I be the first person to leap out of a window because of bitcoin? Stay tuned! Depends on if there is another crash  bitcoin will be fiiiiine Not my marriage! maybe buying BTC was a good move for you personally... -10% is better then -50%  Fucking bitcoin. Can't live with it. Would kill myself without it. So the question comes down to if I value the marriage more then bitcoin. Truthfully I don't know My GF is sleeping right now, I painted her a Picasso to explain what happened tonight. I made a picture of it for you.  You made my day I kicked her to the curb! BITCOIN ALL DAY |
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