inca
Legendary
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Activity: 1176
Merit: 1000
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October 12, 2014, 10:44:27 PM |
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mmh wasn't expecting such a pump move tbh
this could be the short squeeze everybody was anticipating IF it goes higher...
The best part about a short squeeze is that most people hang on farrr too long. The even better part is we haven't really seen a big one in BTC yet. Could go nuclear (though it could also bust-up an exchange which would cause other dramas). Having been caught out and lost my trading account before, leverage is only for the brave and nimble IMO. Kudos to those who use it to consistently profit in a market as highly volatile and unpredictable as bitcoin though. I think if we break over 400 in the next day or two then shorts are going to burn. |
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ShroomsKit
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October 12, 2014, 10:46:29 PM |
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Small bid wall popped up when we went under 380. Someone doesn't want the price to drop?
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600watt
Legendary
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Activity: 2338
Merit: 2106
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October 12, 2014, 10:46:59 PM |
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mmh wasn't expecting such a pump move tbh
this could be the short squeeze everybody was anticipating IF it goes higher...
The best part about a short squeeze is that most people hang on farrr too long. The even better part is we haven't really seen a big one in BTC yet. Could go nuclear (though it could also bust-up an exchange which would cause other dramas). Having been caught out and lost my trading account before, leverage is only for the brave and nimble IMO. Kudos to those who use it to consistently profit in a market as highly volatile and unpredictable as bitcoin though. I think if we break over 400 in the next day or two then shorts are going to burn.  word. |
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klee
Legendary
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Activity: 1498
Merit: 1000
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October 12, 2014, 10:47:38 PM |
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heartastack
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October 12, 2014, 10:49:32 PM |
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the next 24 hours are hotpants
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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October 12, 2014, 10:52:46 PM |
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wall eaten
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touhonoob
Newbie
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Activity: 42
Merit: 0
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October 12, 2014, 10:53:43 PM |
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huge dump on bitstamp  |
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Xendrios
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October 12, 2014, 10:55:32 PM |
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Pump and dump... No more, no less
Dump is starting now :-)
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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October 12, 2014, 10:55:38 PM |
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huge dump on bitstamp You new here? You made me panic and check expecting sub $360.. lol. Just profit taking. |
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Wandererfromthenorth
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October 12, 2014, 10:56:30 PM |
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mmh wasn't expecting such a pump move tbh
this could be the short squeeze everybody was anticipating IF it goes higher...
The best part about a short squeeze is that most people hang on farrr too long. The even better part is we haven't really seen a big one in BTC yet. Could go nuclear (though it could also bust-up an exchange which would cause other dramas). Having been caught out and lost my trading account before, leverage is only for the brave and nimble IMO. Kudos to those who use it to consistently profit in a market as highly volatile and unpredictable as bitcoin though. I think if we break over 400 in the next day or two then shorts are going to burn. Yeah finding the best entry point is everything, and ALWAYS set tight stops. I don't even know what people that baghold leveraged margin positions for too long are thinking... |
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naxin
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October 12, 2014, 10:56:45 PM |
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huge dump on bitstamp 600 BTC moving the price a tenth of a percent is a huge dump? |
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ChartBuddy
Legendary
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Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 12, 2014, 11:01:00 PM |
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ShroomsKit
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October 12, 2014, 11:04:37 PM |
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Ok the pump is over. I guess we can expect the dump soon.
Maybe too early for the dump though. We didn't go up a lot.
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 12, 2014, 11:06:29 PM |
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I don't even know what people that baghold leveraged margin positions for too long are thinking...
It is human nature... hoping for a positive outcome against all odds. In this market you either learn to bear losses fast or die. |
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BBmmBB
Newbie
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Activity: 56
Merit: 0
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October 12, 2014, 11:08:32 PM |
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mmh wasn't expecting such a pump move tbh
this could be the short squeeze everybody was anticipating IF it goes higher...
The best part about a short squeeze is that most people hang on farrr too long. The even better part is we haven't really seen a big one in BTC yet. Could go nuclear (though it could also bust-up an exchange which would cause other dramas). Having been caught out and lost my trading account before, leverage is only for the brave and nimble IMO. Kudos to those who use it to consistently profit in a market as highly volatile and unpredictable as bitcoin though. I think if we break over 400 in the next day or two then shorts are going to burn. word.  ====> http://i83.photobucket.com/albums/j312/greasyfungus/stickfigureonfire.gif |
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heartastack
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October 12, 2014, 11:10:11 PM |
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Ok the pump is over. I guess we can expect the dump soon.
Maybe too early for the dump though. We didn't go up a lot.
Could bounce off 74 and still be incredibly bullish |
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hyphymikey
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October 12, 2014, 11:18:00 PM |
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I'm looking at you $400!
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ShroomsKit
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October 12, 2014, 11:20:11 PM |
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Ok the pump is over. I guess we can expect the dump soon.
Maybe too early for the dump though. We didn't go up a lot.
Could bounce off 74 and still be incredibly bullish I still see absolutely nothing i would call bullish. There is no buying pressure. New people who tried to get in were screwed over by traders and left already. Even pumps hardly do anything. Nothing in this situation is bullish. |
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heartastack
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October 12, 2014, 11:23:15 PM |
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Ok the pump is over. I guess we can expect the dump soon.
Maybe too early for the dump though. We didn't go up a lot.
Could bounce off 74 and still be incredibly bullish There is no buying pressure. New people who tried to get in were screwed over by traders and left already. Even pumps hardly do anything. Nothing in this situation is bullish. I see $100 increase in a week rofl, and you have been cynical the whole way up. A broken clock is right twice a day. |
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