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Author Topic: And so the dumping begins..  (Read 5974 times)
nemo
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July 23, 2011, 11:04:58 PM
 #21

He looks legit.
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Bit_Happy
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July 24, 2011, 02:57:03 AM
 #22

Right on cue..

Any wagers as to what the price is going to drop to this weekend?

I'm predicting low $12's...perhaps a tad under $12...

Surprise break over 13.70, to 13.90, might be a rally (??)

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July 24, 2011, 02:59:30 AM
 #23

Right on cue..

Any wagers as to what the price is going to drop to this weekend?

I'm predicting low $12's...perhaps a tad under $12...

Surprise break over 13.70, to 13.90, might be a rally (??)

there was a buy order for 110 btc's that rode it to 13.9 for a moment .. if trend continues...
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July 24, 2011, 08:01:51 AM
 #24

Do you look like this Old Miner?


LOL That is a cool picture

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Bit_Happy
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July 24, 2011, 02:07:38 PM
 #25

At the moment I would love to see a rally, but you need to know something:

....so I'm telling you to learn market depth and use it.

4th of July weekend BTC fell over $3, and had enormous depth on the buy side prior to the fall.
Many of those orders seemed to be cancelled before being hit (thus they were "fake" or the buyers got nervous and wanted a lower price)

....so I'm telling you to learn market depth and use it.   Cheesy

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Bitcoin Swami
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July 24, 2011, 02:37:14 PM
 #26

I'm still wondering which charts you people are looking at.  The price looks the most stable its ever been with a bunch of bots fighting over pennies from 13.62 to 13.69 or something.
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July 24, 2011, 04:32:27 PM
 #27

I'm still wondering which charts you people are looking at.  The price looks the most stable its ever been with a bunch of bots fighting over pennies from 13.62 to 13.69 or something.

The Bulls:
The Saturday mini-Rally "spiked" to 13.90, the highest it has been for ~2 days. Before that it was trapped at ~13.40 to 13.70 or 13.76. Usually Saturday is a down day, so it looked like a rally could be kicking off now..

The Bears:
If this is a Rally!, then we should all be Bears.   Cheesy

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July 24, 2011, 07:51:18 PM
 #28

Yea looks like the worm turned about 3 hours ago and I missed it Sad

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July 24, 2011, 08:14:17 PM
 #29

Finally some movement! Look out $14!

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July 26, 2011, 01:12:06 AM
 #30

Finally some movement! Look out $14!

Like a swinging pendulum...so are the Days of Our lives...   Grin

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Bitcoin Swami
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July 26, 2011, 01:50:49 AM
 #31

Can't we have just one good month of trading without any "tragedy's?"
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August 05, 2011, 05:22:11 PM
 #32

And so it is that everyone heads off into town to sell their freshly mined gold to spend it on wine, women and song...

Yay for weekends.


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Crazy
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August 05, 2011, 07:18:42 PM
 #33

LMFAO. Thank you for bumping this post. Was hilarious to read. Some people are so sure of themselves to the point of being assholes to others, it's amazing.
nemo
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August 05, 2011, 08:33:29 PM
 #34

LMFAO. Thank you for bumping this post. Was hilarious to read. Some people are so sure of themselves to the point of being assholes to others, it's amazing.

Who knew mybitcoin was going to get hacked and tons of coins were going to get stolen? I wouldn't be surprised if they were being dumped on the market. This is no different than all those people who said bitcoin was doomed then MTGOX got goxed and bitcon went down to a penny a coin and they all said "I TOLD YOU SO!" This was a freak accident.
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August 05, 2011, 08:35:53 PM
 #35

I'm not talking about incorrect predictions, that happens 24/7 in every market. I'm talking about being so sure about "predictions" that you resort to insulting people's intelligence.

Edit: www.mybitcoin.com ...chances are they aren't being dumped onto the market at all.
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August 05, 2011, 08:40:48 PM
 #36

I'm not talking about incorrect predictions, that happens 24/7 in every market. I'm talking about being so sure about "predictions" that you resort to insulting people's intelligence.

Edit: www.mybitcoin.com ...chances are they aren't being dumped onto the market at all.

Because they say so?Huh

Mybitcoin and Bitomat are compromised... in the next 48 hours there's a very large amount of BTC dumped into MtGox... related? Nah, of course not!

 Grin
Crazy
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August 05, 2011, 08:45:11 PM
 #37

Well, that doesn't address the question of why they'd waste their time posting notices if they've liquidated what they've stolen. Unless they're trying to stabilize what they perceive to be an unstable market, until they've gotten rid of everything.
Piper67
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August 05, 2011, 08:49:35 PM
 #38

Well, that doesn't address the question of why they'd waste their time posting notices if they've liquidated what they've stolen. Unless they're trying to stabilize what they perceive to be an unstable market, until they've gotten rid of everything.

Their notice claims that they have lost BTC. So let's assume you have the bright idea to take off with other people's money. A week goes by and you start detecting (on this forum and on IRC) that some pretty smart people are beginning to get clues as to who you are, where you are, etc. So you post a note on the site saying, essentially: "wasn't me! We lost some coins! Sorry! Wasn't me!"

What happened during that missing week? They sold the coins! What else were they doing? Playing gin rummy?
Oldminer
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August 05, 2011, 08:52:24 PM
 #39

$9.95 $9.85 and falling

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August 05, 2011, 08:54:47 PM
 #40

More likely that the hacker who sold (undisclosed so far) amount from Mybitcoin.com has immediately sold it at the market price and caused the little panic here. I think MBC would be wise to work with MtGox now and check for new BTCs coming in in amounts similar to what has been stolen. I understand it could and most probably was split, but chances are they can detect unusual behavior and then analyse the blocks before money get out to dwolla.

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