eclipse81 (OP)
Newbie
 Offline
Activity: 50
Merit: 0
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October 24, 2013, 05:44:44 AM |
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The 20 minutes between 1:10 and 1:35 EST just saw my BTC holding devalue by about 20% and then increase by 14%.Exececuted sell order at about 225 and bought it all back at 190 in 20 minutes..damn.However the quick recovery after that mini flash crash should be an indicator that FUD is not as prevalent as it was in April.that was intense.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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October 24, 2013, 05:52:34 AM |
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The 20 minutes between 1:10 and 1:35 EST just saw my BTC holding devalue by about 20% and then increase by 14%.Exececuted sell order at about 225 and bought it all back at 190 in 20 minutes..damn.However the quick recovery after that mini flash crash should be an indicator that FUD is not as prevalent as it was in April.that was intense.
Nice trade, but you were playing with fire there. |
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BitCoinMadness
Newbie
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Activity: 15
Merit: 0
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October 24, 2013, 05:54:01 AM |
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Do you know what caused that temporary 15-20% crash?
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Kazimir
Legendary
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Activity: 1176
Merit: 1011
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October 24, 2013, 05:54:39 AM |
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Yep, I noticed sales offers even below $170 at some point, while there were still substantial bids above $190 or even $200. Someone definitely tried to downplay the market, but instead it seems they just lost a big amount of money. Dumping coins cheap is an expensive hobby  |
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keystroke
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October 24, 2013, 05:55:38 AM |
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The 20 minutes between 1:10 and 1:35 EST just saw my BTC holding devalue by about 20% and then increase by 14%.Exececuted sell order at about 225 and bought it all back at 190 in 20 minutes..damn.However the quick recovery after that mini flash crash should be an indicator that FUD is not as prevalent as it was in April.that was intense.
Congrats!  |
"The difference between a castle and a prison is only a question of who holds the keys."
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Hfleer
Sr. Member
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Activity: 448
Merit: 250
Changing avatars is currently not possible.
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October 24, 2013, 05:56:02 AM |
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Seemed like quite a large dump as I watched it. Just makes a small blip on the weekly chart though.
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intense
Newbie
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Activity: 30
Merit: 0
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October 24, 2013, 06:00:35 AM |
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Pure speculation dump, it's the exact same thing as the silk road dump. Now we get to sit back and watch it trend higher with even more strength. Hopefully those sitting at a loss right now put their pride aside and buy back in before they lose even more.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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October 24, 2013, 06:01:36 AM |
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If history repeats itself, the price should recover within 12 hours followed by a sudden, rapid rise.
Of course thats just nonsense and if it does repeat its coincidence.
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TERA
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October 24, 2013, 06:03:28 AM |
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Just increased my btc 10% (trading).
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Qoheleth
Legendary
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Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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October 24, 2013, 06:08:46 AM |
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Do you know what caused that temporary 15-20% crash?
There was a huge bulk sell on multiple exchanges at once. Someone was liquidating a large purse. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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October 24, 2013, 06:12:16 AM |
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If history repeats itself, the price should recover within 12 hours followed by a sudden, rapid rise.
Of course thats just nonsense and if it does repeat its coincidence.
Lol. While I don't share your long term pessimism re: bitcoin, I do appreciate your humorous posts from time to time. But, it actually 11 hours, not 12. |
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MoreFun
Legendary
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Activity: 1008
Merit: 1003
WePower.red
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October 24, 2013, 06:14:53 AM |
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If history repeats itself, the price should recover within 12 hours followed by a sudden, rapid rise.
Of course thats just nonsense and if it does repeat its coincidence.
You went in? |
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eclipse81 (OP)
Newbie
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Activity: 50
Merit: 0
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October 24, 2013, 06:28:55 AM |
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Regardless of whether I had made money on that mini flash I was very glad it recovered like it did.As someone who got out before the April crash (got out around 225 on that one also)but watched panic spread like spanish flu after a few selloffs and GOX just choking,it was very nice to see the bids staying strong this time around.I would like to think that the weak hands for the most part have been culled from the herd and that is always a good thing for long term stability(IMHO).It is also nice to see so many people in this community who seem to have the marathon outlook on BTC instead of the 50 yard dash mentality that so many people had just 7 months ago.It gives e confidence in this strange thing called BTC I have devoted so uch of my time too.Thanks
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Nemesis
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October 24, 2013, 06:32:49 AM |
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I let you noobs know know a little secret: I sell and buy into my own walls.
I love playing with ppl's emotion ....making money while doing it.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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October 24, 2013, 07:08:23 AM |
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I let you noobs know know a little secret: I sell and buy into my own walls.
I love playing with ppl's emotion ....making money while doing it.
You don't do shit. |
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alexout
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October 24, 2013, 08:20:28 AM |
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I let you noobs know know a little secret: I sell and buy into my own walls.
I love playing with ppl's emotion ....making money while doing it.
Please sell a shitton then  |
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culexevilman
Legendary
Offline
Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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October 24, 2013, 08:27:59 AM |
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I let you noobs know know a little secret: I sell and buy into my own walls.
I love playing with ppl's emotion ....making money while doing it.
Please sell a shitton then fuck yeah, loaded up at 165, thanks whale dumpers. |
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Jrock
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October 24, 2013, 08:33:30 AM |
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It's funny cause I was planning on selling at like 237, very slightly under (think my sell was at like 236.5) expecting a dump before 250. I only slightly missed it  If it had sold I definately would've been buying back in during the drop. Win some, lose some I guess. |
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mp420
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October 24, 2013, 08:58:43 AM |
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On days like these, I kind of regret I don't do day trading. Then again, in the long run I've been very glad about being conservative about my portfolio management.
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viboracecata
Legendary
Offline
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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October 24, 2013, 09:25:53 AM |
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Wow, when I went back from dinner, I see my balance increase $1500, then after a short rest, the balance decrease $1500, WTF
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