CRASH!!!!

[Elwar]

*quietly waits for the next round*

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[Smalleyster]

Wow, dumpers are not finished with round 3 yet!

[proudhon]

Wow, dumpers are not finished with round 3 yet!

Is the winner decided by number of rounds won, the closing price, or some combination of the two?

[Elwar]

Wow, dumpers are not finished with round 3 yet!

Is the winner decided by number of rounds won, the closing price, or some combination of the two?

Definitely the closing price.

[Smalleyster]

Wow, dumpers are not finished with round 3 yet!

Is the winner decided by number of rounds won, the closing price, or some combination of the two?

I'd propose whatever the level is when they both start gasping for air. Above 10.1 is pumpers, below 10 is dumpers, in between is a draw. 8^)

[BTC_Junkie]

How long until we hit 6 again?

[Oldminer]

How long until we hit 6 again?

At the rate its dropping I'd say oh in about 3 minutes.... 

[OgNasty]

I was about to put in an ask at 9.5 and a bid at 9.8.

That doesn't seem like a winning strategy.

[Smalleyster]

How long until we hit 6 again?

You may be right. if the dumpers have about another 8-10 rounds in them they might make it down there.

But it looks like there are enough pumpers to slow them down for now.

[Aggro]

I wonder if the person that broke into mybitcoin is cashing out in waves? There is a lot of volume lately, and it is all sell, at whatever price. Kind of strange. I think he sells like a maniac, then waits one or two days for the market to recover its natural price level, and then he goes at it again.

[the joint]

In my opinion, no further crash attempts should be made before the conference.  Greedy, ignorant fools.

[BTC_Junkie]

How long until we hit 6 again?

At the rate its dropping I'd say oh in about 3 minutes.... 

.
Ha I was thinking more like a couple days but that woldnt surprise me either

[JBDive]

How long until we hit 6 again?

You may be right. if the dumpers have about another 8-10 rounds in them they might make it down there.

But it looks like there are enough pumpers to slow them down for now.

My order is still there waiting on when it makes it back to 6. I moved it around a bit but I'm not coming in over 7 until I see a stronger upside trend. Plus with the way the stock market is acting it's all I can do to keep track of those wild swings and still work a job.

[Serge]

around 10k BTC exchanged hands in past few minutes  taking bitcoin from 9.7 to 9

[Smalleyster]

Yep, couple of quick jabs then a huge body blow.

[Smalleyster]

Ah, but here comes the Pumper swinging right back. lol

I'm loving this crap, but I gotta go to bed someday!

[grod]

I wonder if the person that broke into mybitcoin is cashing out in waves? There is a lot of volume lately, and it is all sell, at whatever price. Kind of strange. I think he sells like a maniac, then waits one or two days for the market to recover its natural price level, and then he goes at it again.

If you were trying to offload tens to hundreds of thousands of bitcoins would you not be doing exactly that?  Heck, it may not even be the thief.  Maybe an early adopter lost his job and is thinking a few hundred thousand dollars in hand and a fed&secure family beats potential billions in the future.

If you have a monstrous pile of coins to offload you'd want to add up the bids until they total a reasonable amount over a minimum you're willing to take then take an instant dump on them.  Wait for fresh money to be added by bargain hunters, repeat.

Which is exactly why I think the money that's being extracted right now will NOT be coming back to push prices higher in the future.

[piramida]

Well some money may definitely go out but for every seller there is a buyer, so this so-called early adopter -- who is panicking and his bitcoins were generated in the basement so worth nothing to him -- just exchanged bitcoins to a mister "rich second wave adopter", who now have paid his own money for it and won't just cash out at any price, and also knows a thing or two about markets. So, all in all, Bitcoin marketplace just became healthier with noobs out, pros in.

[tacotime]

bump

[bitcoinbear]

What is going on with the price lately?