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Author Topic: CRASH!  (Read 23175 times)
geek-trader
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June 30, 2011, 10:25:09 PM
 #1

MtGox is down almost $1 in the last few minutes!  Go buy!

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Chick
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June 30, 2011, 10:30:18 PM
 #2

MtGox is down almost $1 in the last few minutes!  Go buy!

HOLY CRAP, BUY BUY BUY BUY BUY!

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June 30, 2011, 10:36:04 PM
 #3

saw this also, a few minutes ago

MtGox is down almost $1 in the last few minutes!  Go buy!

HOLY CRAP, BUY BUY BUY BUY BUY!

they'll just reset the accounts back to before the crash

15.7

haha, can't believe this is happening again.


LULZ
bitclown
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June 30, 2011, 10:36:56 PM
 #4

About time we had some action again. Grin
RandyMarsh
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June 30, 2011, 10:37:48 PM
 #5

I Just lost over 9000 Bitcoin, im going home

Stan?! STAN?!?!
Bitcoinreminder.com
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June 30, 2011, 10:38:47 PM
 #6

I Just lost over 9000 Bitcoin, im going home
How?
Chick
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June 30, 2011, 10:38:57 PM
 #7


andyb
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June 30, 2011, 10:39:31 PM
 #8

it doesn't update anymore ?  it seems to be stuck at 15.73
swusc2
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June 30, 2011, 10:39:51 PM
 #9

It's just a few impatient people getting out of bitcoins. They sold for a ridiculously low price for absolutely no reason at 15.9. Even though they could have sold at like ~16.7.

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andyb
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June 30, 2011, 10:43:21 PM
 #10

It's just a few impatient people getting out of bitcoins. They sold for a ridiculously low price for absolutely no reason at 15.9. Even though they could have sold at like ~16.7.

you might be right, it's back up.

but why would one do this? wouldn't it be easier to just sell in small amounts? plus considering the fact that almost all methods of withdrawing money from mtgox are delayed by days, this is just stupid.
YoYa
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June 30, 2011, 10:50:36 PM
 #11

 Grin Grin Grin

Not a CRASH BABY!

Gawker just published, we're moving again, IT'S ALIVE!!!!
swusc2
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June 30, 2011, 10:51:58 PM
 #12

It's just a few impatient people getting out of bitcoins. They sold for a ridiculously low price for absolutely no reason at 15.9. Even though they could have sold at like ~16.7.

you might be right, it's back up.

but why would one do this? wouldn't it be easier to just sell in small amounts? plus considering the fact that almost all methods of withdrawing money from mtgox are delayed by days, this is just stupid.

seriously.

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Oldminer
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June 30, 2011, 10:53:28 PM
 #13

SELL SELL SELL

no wait...

...

BUY BUY BUY  Grin

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June 30, 2011, 10:53:51 PM
 #14

Difficulty follows price, with a lag.  So we'll see a corresponding drop in difficulty next round Cheesy

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June 30, 2011, 10:54:58 PM
 #15

SELL SELL SELL

no wait...

...

BUY BUY BUY  Grin

PANIC SELL, NO I MEAN PANIC BUY!

YoYa
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June 30, 2011, 10:56:40 PM
 #16

SELL SELL SELL

no wait...

...

BUY BUY BUY  Grin

PANIC SELL, NO I MEAN PANIC BUY!

WAIT! ITS GOING SIDEWAYS!!!  NO! WAIT!

ITS COMING RIGHT FOR US!!!
Oldminer
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June 30, 2011, 10:57:04 PM
 #17


PANIC SELL, NO I MEAN PANIC BUY!

~ Runs round in circles like headless chook flapping wings ~

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Grant
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June 30, 2011, 10:59:16 PM
 #18


PANIC SELL, NO I MEAN PANIC BUY!

~ Runs round in circles like headless chook flapping wings ~

Grabs a polish 8% beer, no i mean panic HOLD! Wink
lol

(as a side note last 2 weeks i barely had ANY SLEEP AT ALL i just been watching the charts, it really is amazing i have not had a heart attack yet)

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June 30, 2011, 11:03:02 PM
 #19


(as a side note last 2 weeks i barely had ANY SLEEP AT ALL i just been watching the charts, it really is amazing i have not had a heart attack yet)

ahahahaha.... same on me ^^
Hunterbunter
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June 30, 2011, 11:04:10 PM
 #20

It's just a few impatient people getting out of bitcoins. They sold for a ridiculously low price for absolutely no reason at 15.9. Even though they could have sold at like ~16.7.

you might be right, it's back up.

but why would one do this? wouldn't it be easier to just sell in small amounts? plus considering the fact that almost all methods of withdrawing money from mtgox are delayed by days, this is just stupid.

Nah someone is just cashing out $100k (they might have a special deal with mtGox to withdraw more), and there isn't enough market confidence to support it. As soon as anyone sells a little the market drops and doesn't pick back up since the MtGox close, so its on a down trend atm. As soon as it moves even slightly down (with supposed support), people get scared, remove their large buy orders, then the market panics. That's what just happened.

It won't be back up to 16.8 unless another someone with $100k (or lots of littles) want those bitcoins.
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