mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 11, 2013, 12:01:41 PM |
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we are back to yesterdays price ..... when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price. I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works.
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MicroFi
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December 11, 2013, 12:07:01 PM |
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we are back to yesterdays price ..... when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price. I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works. The situation can easily be turned around. MtGox: 946BTC needed to go above 1 USD/mBTC 1414BTC needed to go under 0.9 USD/mBTC
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Voodah
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December 11, 2013, 12:10:07 PM |
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Bingo. In any case, it will bring a smile to my face when the would be manipulators get burned by underestimating this market.
Well, if the manipulator really is the Exchange Stabilization Fund as stan suggests, that will never happen. "As of October 2009, the fund held assets worth $105 billion, including $58.1 billion in special drawing rights (SDR) from the International Monetary Fund.[1]" Bitcoin's 10 billion market cap has no way of "burning" a 105 billion fund. They might lose a few dollars.. but meh.. who cares? they print them...
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aazssx
Newbie
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Activity: 33
Merit: 0
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December 11, 2013, 12:15:55 PM |
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Gox under 920. See you downstairs.
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gandhibt
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December 11, 2013, 12:19:48 PM |
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bot at 810 stamp and then back to 850 to see if that holds as resistance
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Nemo1024
Legendary
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Activity: 1680
Merit: 1014
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December 11, 2013, 12:22:22 PM |
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What the hell happened?! I walk out for a couple of hours, and - this?! Well, luckily, I sold at a loss at 940 and placed an optimistic buy at 902. Then I walked out. A few minutes later 902 got hit! I have now 1 BTC more than what I started the day with. On the down side, it seems to continue down, and I wonder if I should sell again and re-buy even lower...
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libity
Newbie
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Activity: 33
Merit: 0
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December 11, 2013, 12:23:44 PM |
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Gox's wall at 900 got obliterated in seconds. Some hardcore selling going on.
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MAbtc
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December 11, 2013, 12:24:43 PM |
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WEEEEEEEEEE
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aazssx
Newbie
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Activity: 33
Merit: 0
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December 11, 2013, 12:26:04 PM |
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classic bulltrap
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herzmeister
Legendary
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Activity: 1764
Merit: 1007
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December 11, 2013, 12:27:43 PM |
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To the doom!!! ╦═((+_+))┑
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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December 11, 2013, 12:32:35 PM |
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What morons these manipulators. These greedy people who never get enough...
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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December 11, 2013, 12:32:51 PM |
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I'm getting more and more concerned that no-one here seems to want to explore or even counter the 'negative' arguments around bitcoin or crypto...I don't mind reading erudite or informed denunciations of such arguments but everyone seems awful keen to dismiss any naysayers as idiots/fools without actually making a cogent defence.
Did you have a specific concern you want addressed? Most of us here can see right away that there is not one piece of intelligent thought put into an article like that, so dismiss it. If there is something you have a question about, ask! We are then more than happy to share wisdom I'm having a similar but more specific exchange with Marcus_of_Augustus o this thread https://bitcointalk.org/index.php?topic=365730.new#newMy concerns are that forum members tend to dismiss negative arguments rather than take the time to counter them. I've spent a bit of time in real world convincing friends that BTC has a future but I imagine if they came here and saw the responses from members they wouldn't be that convinced. Every negative article tends to generate a series of ad hom attacks: now, if you were a newcomer/visitor and you saw a respected economist/author (whatever) put their argument and the counter was "he's an idiot' from an anonymous forum member, who would you tend to believe? There are a lot of intelligent people here but BTC's future tends to be more of an article of faith these days than solid, developing postulations. If you've been around here you for a while you would see that people have been intelligently postulating since the beginning. Pretty much at this stage I think the general consensus is that those arguments have been countered to death and there's no point repeating over and over. That is Marcus's stance too and I think it is a worrying development for the following reasons: 1. Theoretical arguments exist only in contemporary environments - BTC exists within a social, economic, technological and geo-political world different to that of 12 months, two years, three years ago. Not revisiting and reviewing arguments in any other field would be considered lazy and arrogant - why is BTC different? 2. This is a public forum and the casual visitor should be seeing cogent arguments rather than blase dismissals. I've been visiting since late 2011 and the forum content has, with broader adoption, moved tone to one that shares many of the tendencies similar to those of a cult: unreasoned faith, multiplication of adherence, attacks on critics. 3. General apathy ("we can't be bothered disputing this") is often the beginning of the end of the exploration of ideas, especially risk assessment...it smacks of arrogance and usually doesn't end well. Just saying :/
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 11, 2013, 12:38:46 PM |
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3. General apathy ("we can't be bothered disputing this") is often the beginning of the end of the exploration of ideas, especially risk assessment...it smacks of arrogance and usually doesn't end well.
It smacks of arrogance that you think we should endlessly repeat ourselves instead of inconveniencing you by pointing you to the search function.
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Joenaes
Newbie
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Activity: 20
Merit: 0
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December 11, 2013, 12:39:13 PM |
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Thanks to whoever for the cheap coins <3
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ardana123
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December 11, 2013, 12:41:51 PM |
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Thanks to whoever for the cheap coins <3
♥
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 11, 2013, 12:43:10 PM |
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eh, did that 900$ ask wall being eaten?
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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December 11, 2013, 12:50:15 PM |
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So a short sideway trend, maybe a sign to sell... Or to hold...
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granathus
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December 11, 2013, 12:55:35 PM |
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I went from all fiat to all BTC during this drop, so I hereby give permission to choo choo.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 11, 2013, 12:57:23 PM |
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Fuck off btc transactions... 10 minutes and it's not even in blockchain at all.
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 11, 2013, 12:58:03 PM |
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it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility, they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.
if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....
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