podyx
Legendary
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Activity: 2338
Merit: 1035
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May 27, 2014, 07:41:00 AM |
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Dropping to 530-550 now?
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ShroomsKit
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May 27, 2014, 07:45:14 AM |
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Interesting discussion as I really should sell some bitcoin right now as my only source of income is the consulting work I do for which I get paid in bitcoin.
Should I hold-off selling even if I really could do with more fiat?
There is a difference between making stupid trading decisions and selling because it's your income. You have to eat right. I agree again, and there's also a difference between selling and dumping. Yup. |
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Davyd05
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May 27, 2014, 07:45:41 AM |
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Dropping to 530-550 now?
IMO more of the same, the Facebook wallet thing on reddit might be the reason there selling.. cause they're hoping for bigger lots of btc when the panic dump occurs |
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blatchcorn
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May 27, 2014, 07:46:02 AM |
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Thanks for the advice all  |
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ShroomsKit
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May 27, 2014, 07:46:41 AM |
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Its shroomy's fault folks are dumping, he is a contrarian indicator   |
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Hen0xyd
Member
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Activity: 87
Merit: 10
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May 27, 2014, 07:49:54 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
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blatchcorn
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May 27, 2014, 07:50:57 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
Just some profit takers. It is a bullish indicator if anything |
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fonzie
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May 27, 2014, 07:51:09 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month. |
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blatchcorn
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May 27, 2014, 07:52:32 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month. He is back! Fonzie, I have lost count - how many times has China banned bitcoin already? |
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Shak
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May 27, 2014, 07:52:48 AM |
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weak hands want to get rid of their btc, selling to people who want to go higher
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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May 27, 2014, 07:55:36 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month. BTC banned China last month. |
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fonzie
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May 27, 2014, 07:56:08 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month. He is back! Fonzie, I have lost count - how many times has China banned bitcoin already? This time it´s for real. All exhanges are about to shutdown soonish, 280$ / BTC incoming.  |
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blatchcorn
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May 27, 2014, 07:58:33 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month. He is back! Fonzie, I have lost count - how many times has China banned bitcoin already? This time it´s for real. All exhanges are about to shutdown soonish, 280$ / BTC incoming. Ah ok! This time its actually happening  |
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ShroomsKit
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May 27, 2014, 07:59:13 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
Just some profit takers. It is a bullish indicator if anything Big dumps are not bullish. |
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esse83
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May 27, 2014, 08:00:19 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
Just some profit takers. It is a bullish indicator if anything Big dumps are not bullish. Everything in Bitcoin is bullish. Stop spreading FUD!!! |
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ChartBuddy
Legendary
Offline
Activity: 2366
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 27, 2014, 08:00:40 AM |
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blatchcorn
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May 27, 2014, 08:00:51 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
Just some profit takers. It is a bullish indicator if anything Big dumps are not bullish. Nothing wrong with slowing the upward trend to a more sustainable pace. Better to have a 4% rise each week for 10 weeks than a 20% rise in a single day |
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Davyd05
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May 27, 2014, 08:02:47 AM |
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Dropping to 530-550 now?
IMO more of the same, the Facebook wallet thing on reddit might be the reason there selling.. cause they're hoping for bigger lots of btc when the panic dump occurs Isn't the facebook wallet bullish?? I'm alluding to a game plan where you start a panic dump, then buy back your position as it drops. They expect the news to hit by xx:xx am/pm and if they're acquiring more bitcoins and they expect the 600 resistance to fall they just laugh all the way up. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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May 27, 2014, 08:05:04 AM |
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Dropping to 530-550 now?
IMO more of the same, the Facebook wallet thing on reddit might be the reason there selling.. cause they're hoping for bigger lots of btc when the panic dump occurs Its selling off because people are profit taking. Pretty simple. |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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May 27, 2014, 08:08:33 AM |
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Is this quick and hard dump is caused by some news I'm not aware of ?
China bans BTC by the end of the month. He is back! Fonzie, I have lost count - how many times has China banned bitcoin already? This time it´s for real. All exhanges are about to shutdown soonish, 280$ / BTC incoming. Fonzie, we are all really upset that you missed buying back in the mid to low 400s. Then you didnt believe it was still going up, so you didnt buy in again. So now you are hoping to short back down to your buy in price to make up for lost time. You should stay away from those drugs. They deaden the senses and cause you to be more likely to miss the trend changes. Welcome back though. |
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