Bitcoin Forum
December 11, 2017, 07:51:18 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: The Dump is on  (Read 4493 times)
r3wt
Hero Member
*****
Offline Offline

Activity: 686


always the student, never the master.


View Profile
January 28, 2014, 05:03:53 AM
 #1

widespread panic. sell sell sell

My negative trust rating is reflective of a personal vendetta by someone on default trust.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513021878
Hero Member
*
Offline Offline

Posts: 1513021878

View Profile Personal Message (Offline)

Ignore
1513021878
Reply with quote  #2

1513021878
Report to moderator
1513021878
Hero Member
*
Offline Offline

Posts: 1513021878

View Profile Personal Message (Offline)

Ignore
1513021878
Reply with quote  #2

1513021878
Report to moderator
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 05:17:37 AM
 #2

appreciate your FUD. Keep it coming  Wink
Singlebyte
Hero Member
*****
Offline Offline

Activity: 854



View Profile
January 28, 2014, 05:19:48 AM
 #3

Your FUD don't belong here!  (Try speculation)
r3wt
Hero Member
*****
Offline Offline

Activity: 686


always the student, never the master.


View Profile
January 28, 2014, 05:31:49 AM
 #4

FUD, or reverse psychology?

My negative trust rating is reflective of a personal vendetta by someone on default trust.
BTCisthefuture
Sr. Member
****
Offline Offline

Activity: 364


View Profile
January 28, 2014, 05:36:18 AM
 #5

Might be a good time to buy actually , the dip although significant wasn't too serious compared to previous panics in the last year or so. Also anytime there's been dips like this the price always rebounds strongly within a few days or a couple of weeks.  No indication the same wont happen here as things calm down and various investors who may be panicing right now realize that the CEO of Bitinstant being arrested has little to do with bitcoin itself and more to do with a single actor being engaged in something that was quite obviously illegal (if the allegations are true).

I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value.  Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.

Just my thoughts

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
bitfreak!
Legendary
*
Offline Offline

Activity: 1535


electronic [r]evolution


View Profile WWW
January 28, 2014, 05:37:24 AM
 #6

If you look at a 7 day chart it actually looks like a completely natural market fluctuation.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script
Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 05:40:04 AM
 #7

FUD, or reverse psychology?

Or neither  Smiley
Singlebyte
Hero Member
*****
Offline Offline

Activity: 854



View Profile
January 28, 2014, 05:40:44 AM
 #8

Quote
the dip although significant

This dip was not significant at all.  Heck, this is the same price it was 5 days ago.  If it drops to $400, then that would be significant (and temporary).  Regardless, Don't forget...Bitcoin is a Honey Badger.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 05:42:49 AM
 #9

Might be a good time to buy actually , the dip although significant wasn't too serious compared to previous panics in the last year or so. Also anytime there's been dips like this the price always rebounds strongly within a few days or a couple of weeks.  No indication the same wont happen here as things calm down and various investors who may be panicing right now realize that the CEO of Bitinstant being arrested has little to do with bitcoin itself and more to do with a single actor being engaged in something that was quite obviously illegal (if the allegations are true).

I believe there are quite a few investors who have poured money into bitcoin without knowing much about bitcoin, headlines like "CEO exhange arrested by Feds" could certainly cause some panic in those folks and the market is small enough that them dumping bitcoins in a panic will certainly result in a dip in exchange value.  Overall though I believe most people (especially bitcoin enuthists) will realize this latest news piece little to do with bitcoin itself and many will take advantage of the chance to buy bitcoins at a cheaper price.

Just my thoughts

If bitcoin can survive Silk Road closing and the main man being arrested, it can certainly survive this. Makes me wonder how many other "early adopters" came by their bitcoin millions though. Not spreading FUD, just curious. Guess the FBI will let us know in the next 6 months as they arrest more people as "information is traded".
r3wt
Hero Member
*****
Offline Offline

Activity: 686


always the student, never the master.


View Profile
January 28, 2014, 05:44:07 AM
 #10

the panic is at the top this time. thats whats different. last time, the panic was at the bottom.

My negative trust rating is reflective of a personal vendetta by someone on default trust.
proudhon
Legendary
*
Offline Offline

Activity: 1260



View Profile
January 28, 2014, 05:49:59 AM
 #11

I'm tired.  Good night everyone.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 05:54:48 AM
 #12

I'm tired.  Good night everyone.

You can't sleep now. There's a dump on Wink
keithers
Legendary
*
Offline Offline

Activity: 1358


This is the land of wolves now & you're not a wolf


View Profile
January 28, 2014, 05:55:59 AM
 #13

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 06:18:55 AM
 #14

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

I think they will get their wish in the next few hours ......
AltorXP
Member
**
Offline Offline

Activity: 71


View Profile
January 28, 2014, 06:30:57 AM
 #15

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

I think they will get their wish in the next few hours ......

+1
Although you can never be sure about btc prices  Tongue
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 06:43:40 AM
 #16

God no. Might be up to $1000 at bitstamp tomorrow - all the fun of the fair Wink
frank754
Member
**
Offline Offline

Activity: 84


View Profile
January 28, 2014, 06:50:21 AM
 #17

I sure hope so, it's really starting to get into almost negative territory compared to how things have been going to past few weeks - losing all gains now. And I can't even sell my DOGE or Earthcoins for BTC's either even though BTC is cheap now, because they've gone down over 20% too and who knows if or when either will recover and how strongly.
TheD0ct0r
Newbie
*
Offline Offline

Activity: 24


View Profile
January 28, 2014, 07:00:49 AM
 #18


Your a Thief ,extortionist and scammer I really cant believe you have the gull to post on here anymore.
Please take your lies with you when you Exit.....




widespread panic. sell sell sell
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
January 28, 2014, 11:32:06 AM
 #19

As many people that are dumping, there is probably an equal amount of people that have been sitting on the sidelines for a time like this to get in.  Just out of the people that i work with, there are several that want to invest about 10k each, and were just waiting to hopefully get them around $700 or slightly less.

I think they will get their wish in the next few hours ......

I'm wrong as usual - price has recovered very well at bitstamp.

Wish I heard the arrest news when it came out - could have sold then and make some bucks buying back. Instead heard the news first thing in morning in Asia, sold some coins, and the bottom promptly arrived Sad so had to buy back for a loss. C'est la vie.

Don't think those $700 coins are coming any time soon my friend Smiley
eiskalt
Sr. Member
****
Offline Offline

Activity: 336


View Profile
January 28, 2014, 11:50:10 AM
 #20

If bitcoin can survive Silk Road closing and the main man being arrested, it can certainly survive this.

If bitcoin can survive its network closing, it will certainly survive every other bad news.

at prices below zero of course.

Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!