Bitcoin $7 Mtgox

The OP caused the average IQ on this forum to drop...

Quote from: AngelusWebDesign on September 08, 2011, 07:25:00 PM

The OP caused the average IQ on this forum to drop...

well lets put it this way; its $4.87?! Way less from my $7 i said... You all got face palmed xD

Awesome news. Someone just put a massive order in and bumped the price up to $7. Trying to get all my bitcoins into MtGox before it falls below $5 again.

Dammit. $6.02 and dropping. Missed it. Bitcoin is so damn slow for transferring money. Whoever the idiot was that bumped the price up to $7 didn't stick around long enough.

What just happened?! BTC jumped from 5.x to 7.x and return. Now is trading at 5.x but by cents, there're no ask walls, you would need to go up to over 8 to see the first 1k+ ask.

Back to $7. Ok, 30% swings within a few minutes are a joke. Bitcoin really shouldn't be used for anything serious with markets like this. Merchants must be craving this kind of price volatility.

Quote from: BCEmporium on September 11, 2011, 02:14:56 PM

What just happened?! BTC jumped from 5.x to 7.x and return. Now is trading at 5.x but by cents, there're no ask walls, you would need to go up to over 8 to see the first 1k+ ask.

Someone bought a huge amount of btc, big enough for prices to go up to 7$. Then, it fell down because the orders weren't moved up to this same level.

Right now someone put a buy wall at 7$, so it may stay there for a little while.

edit: and by the time I posted this, the order got removed. hm.

The guy(s) who hacked the forum probably cleaned out the mtgox accounts of the idiots who still use the same password on multiple sites.

Back down again to $6. 30-0. Your serve.

Hoping the price spikes to $7 again as my bitcoins are almost at MtGox. Come on....

http://mtgoxlive.com/orders lol bitcoins at $4.79; suckers i said to sell at $6; what did i say xD
People saying oh its spiked up it isn't going down; well its crashed down down down...
At least i was smart. Grin

Quote from: lightlord on September 18, 2011, 03:07:25 AM

I have a personal suspicion that it is going to crash down low again soon. It's been stagnating while dwindling for over 60 hours so it is sure to happen. All these people who bought it at 4.90 see it going lower and lower. Pretty soon someone will realize it's not going back up till next year or later and will dump it knowing they can buy back cheaper. Then the buywalls will drop and everyone will sell their coins. It'll drop below $4.

The volatility was fun while it lasted. I managed to sell into the hacked rally and get someone to pay almost $7 for bitcoins. The move back below $5 was pretty obvious. No positive news, no new products, not even new media hype. There was no reason to pay more for bitcoins, therefore we're back below $5 again. I don't expect the price to move higher a week from now.

But if anyone is feeling generous with other people's money, I have staggered Asks all the way up to $9 Wink