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Author Topic: RALLY!!!  (Read 5326 times)
Bigpiggy01
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August 07, 2011, 12:43:52 PM
 #81

Agreed,

However dumping for a quick profit before there's enough depth to soak it up is kinda well....

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NothinG
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August 07, 2011, 12:46:37 PM
 #82

7:45am, Central USA just woke up. xD

Bigpiggy01
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August 07, 2011, 03:59:22 PM
 #83

It's interesting to see how people insist on pissing their own pants in dumb attempts at trying to keep warm.



If you want a certain price for a certain volume then let it build so you can get it. Otherwise you're basically shooting yourself in the foot.

Bitcoin_Silver_Supply
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August 07, 2011, 04:12:15 PM
 #84

BAHAHAHAHA I KNEW IT FAKE WALLLLLLLLLLL

No, you didn't.
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August 07, 2011, 08:13:54 PM
 #85

Bitcoin Rally Song(0:26 - 0:55 on this video): http://www.youtube.com/watch?v=fJMdKS_CYME

It fits well.
grod
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August 07, 2011, 08:23:26 PM
 #86

It's interesting to see how people insist on pissing their own pants in dumb attempts at trying to keep warm.



If you want a certain price for a certain volume then let it build so you can get it. Otherwise you're basically shooting yourself in the foot.

Why do you assume everyone has your exact strategy and position?  It's just as valid to dump, cause a panic, and re-accumulate later.  Not everyone is long bitcoin at the same price as you.  That's why it's called "trading."

Some of the bitcoin early adopters are perfectly cavalier about losing hundreds of thousands of dollars they could have otherwise had and diversified with.  It's nice to be a multi-millionaire before getting lucky in bitcoin.  Others may not have that luxury -- we're in the middle of a rough economic time, and an extra half million dollars may be the difference between having a bad time and clear sailing for many people.

Satoshi is worth over 10 million dollars at the current "buy buy buy it'll go to the moon" sale price.

All it takes is one early adopter to figure out that taking a huge dump on the market means they can wind up with MORE dollars and MORE coins than when they started.  And a lower difficulty to mine more.  And a purge of speculators. 
Bigpiggy01
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August 07, 2011, 08:59:39 PM
 #87

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Why do you assume everyone has your exact strategy and position?  It's just as valid to dump, cause a panic, and re-accumulate later.  Not everyone is long bitcoin at the same price as you.  That's why it's called "trading."

Errrm I don't really see how I'm making any assumptions even remotely like that.

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It's interesting to see how people insist on pissing their own pants in dumb attempts at trying to keep warm.



If you want a certain price for a certain volume then let it build so you can get it. Otherwise you're basically shooting yourself in the foot.

Was made as a comment on ticker behavior at the time of the post. I'm cool with dumping but back then there was a string of attempts to move fairish volumes 3-600 that failed miserably but at the same time knocked a fair bit off the price without moving more than 80-100BTC. Yes I know that may have been the motive but it sure didn't look like it (at least not to me) usually stuff like that is a bit more structured  Grin

Early adopters sure they can crash the system but if you're trading in BTC with more than you can afford to loose then well..... The risk is one of the really attractive things for a lot of people.

bitclown
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August 07, 2011, 10:42:38 PM
 #88

Now we're talking...
GeniuSxBoY
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August 07, 2011, 11:18:09 PM
 #89

I'm guessing the dude that sold 25000 btc hit a snag when withdrawing $1000 per day. Now he has to rebuy bitcoins and transfer them to tradehill to cash his money out.
Piper67
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August 07, 2011, 11:25:07 PM
 #90

I'm guessing the dude that sold 25000 btc hit a snag when withdrawing $1000 per day. Now he has to rebuy bitcoins and transfer them to tradehill to cash his money out.

Nope, he knew about the 1000 USD limit all along. He never wanted USD, he wanted to buy back more BTC than he started out with.
bitclown
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August 07, 2011, 11:27:16 PM
 #91

I'm guessing the dude that sold 25000 btc hit a snag when withdrawing $1000 per day. Now he has to rebuy bitcoins and transfer them to tradehill to cash his money out.
The $1000 is just a security short-circuit. Legitimate users can have bigger withdrawals arranged. And there's hardly any depth at Trade Hill to absorb a sell-off of that magnitude.
GeniuSxBoY
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August 07, 2011, 11:28:22 PM
 #92

Quote
19:24:08 > Rem Bid 999973.97268046 @ 7.01
19:24:07 > Add Bid 1000000 @ 7.01


Who's the funny guy?
GeniuSxBoY
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August 07, 2011, 11:58:48 PM
 #93


I'm guessing the dude that sold 25000 btc hit a snag when withdrawing $1000 per day. Now he has to rebuy bitcoins and transfer them to tradehill to cash his money out.



Nevermind.
It's "The Bot" Guy.
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