BitcoinBunny
Legendary
 Offline
Activity: 1736
Merit: 2976
Far, Far, Far Right Thug
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December 03, 2017, 09:34:07 PM |
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Kuriso
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December 03, 2017, 09:35:28 PM |
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any reason for the $1000 bitcoin drop or just bitcoin being bitcoin?
Bitcoin traders: "why sell bitcoin at 11800 when you can sell it under 10800. I hate making an extra $1000"
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Globb0
Legendary
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Activity: 2716
Merit: 2053
Free spirit
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December 03, 2017, 09:37:36 PM |
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Just had a nice bottle of Borolo and am about to cork another beautiful little bottle I was given by someone incredibly generously last week. I could get used to this.  |
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gembitz
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December 03, 2017, 09:37:41 PM |
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any reason for the $1000 bitcoin drop or just bitcoin being bitcoin?
Bitcoin traders: "why sell bitcoin at 11800 when you can sell it under 10800. I hate making an extra $1000"
we found satoshi :-D lol |
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kurious
Legendary
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Activity: 2618
Merit: 1749
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December 03, 2017, 09:39:43 PM |
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Time to BTFD...
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sirazimuth
Legendary
Offline
Activity: 3906
Merit: 4155
born once atheist
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December 03, 2017, 09:41:22 PM |
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any reason for the $1000 bitcoin drop or just bitcoin being bitcoin?
just bitcoin being bitcoin..... <big yawn> |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 03, 2017, 09:41:33 PM |
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Holy crap woke up and my stop was hit at 11400
Hey Tera out of curiousity did you get out at 11400 or have slippage? It executed at 11384.25 |
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 03, 2017, 09:43:32 PM |
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Holy crap woke up and my stop was hit at 11400
Hey Tera out of curiousity did you get out at 11400 or have slippage? It executed at 11384.25 Thanks - deleted my prior post because I screwed up the formatting. Did you pick 11,400 as resistance point for the stop? |
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DaRude
Legendary
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Activity: 3314
Merit: 2187
In order to dump coins one must have coins
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December 03, 2017, 09:44:08 PM |
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Looks like a the Mr Wall at $12000 sodled some and more evenly redistributed his asks. Bcash costs around $2.8MM in real electricity costs to run daily  wanna see them pump it again trying to keep up to BTC so their daily costs top $5MM  |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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December 03, 2017, 09:44:40 PM |
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Holy crap woke up and my stop was hit at 11400
Hey Tera out of curiousity did you get out at 11400 or have slippage? It executed at 11384.25 Thanks - deleted my prior post because I screwed up the formatting. Did you pick 11,400 as resistance point for the stop? No sorry I picked 11394. So that was a pretty impressive execution for Bitstamp. |
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lightfoot
Legendary
Offline
Activity: 3430
Merit: 2530
I fix broken miners. And make holes in teeth :-)
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December 03, 2017, 09:44:54 PM |
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Aaaand bounce.
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jbreher
Legendary
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Activity: 3122
Merit: 1767
lose: unfind ... loose: untight
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December 03, 2017, 09:44:59 PM |
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Most provocative statement therein: As JPM explains, "high trading volumes or market cap does not mean that the net flow directed into cryptocurrencies has been equally big."
Here is the bank's punchline: "The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn." I get that the market cap is not a measure of the sum total of fiat spent to purchase Bitcoin. But $6B? That low? Seems off by an order of magnitude to me, but I'm just pulling a feeling outta my ass. I also get that this figure is courtesy of JPM themselves. Anyone know of an independent source for this statistic? |
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milkshock100
Member
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Activity: 242
Merit: 14
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December 03, 2017, 09:45:23 PM |
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unimpressive
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EtihadBitcoin
Newbie
Offline
Activity: 79
Merit: 0
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December 03, 2017, 09:46:28 PM |
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It is weird to see it at $11700 this morning and now slide of $1000 for no reason and it is a weekend where nobody works. But bitcoin does not sleep so it will move on a whim at anytime of the day and no matter what day of the week it seems. No news is good news but still. Why back down at $10700 again?  Does not make much sense.  |
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PowerSEOService
Newbie
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Activity: 36
Merit: 0
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December 03, 2017, 09:47:34 PM |
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down to 10.5k is my guess
9500 now :-D sweet! red and green makes for pretty Christmas  |
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gembitz
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December 03, 2017, 09:49:58 PM |
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Aaaand bounce.
  weeee |
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sirazimuth
Legendary
Offline
Activity: 3906
Merit: 4155
born once atheist
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December 03, 2017, 09:50:06 PM |
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wow, I sold a chunk at $11,758, subsequently expecting it to moon,as is always the case after I sell.....
and then it went down??!! Holy crap!! that's a first.....
I should take up day trading!.....um, 2nd thought, maybe not.......
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gembitz
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December 03, 2017, 09:51:16 PM |
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down to 10.5k is my guess
9500 now :-D sweet! red and green makes for pretty Christmas when bitcoin hits $1337 max keiser will have all your corns :-D lmao |
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 03, 2017, 09:51:28 PM |
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Holy crap woke up and my stop was hit at 11400
Hey Tera out of curiousity did you get out at 11400 or have slippage? It executed at 11384.25 Thanks - deleted my prior post because I screwed up the formatting. Did you pick 11,400 as resistance point for the stop? No sorry I picked 11394. So that was a pretty impressive execution for Bitstamp. Indeed, very impressive. |
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Asrael999
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December 03, 2017, 09:51:50 PM |
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to much optimism in the poll
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Poll
