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Author Topic: well that just sucked. someone sold 20K at once  (Read 2893 times)
fcmatt
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September 15, 2011, 06:53:01 PM
 #1

Dropped the price nicely.

bitcoinica users probably just crapped their pants. it is movement like that which will cause a
liquidation of their orders.
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wobber
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September 15, 2011, 06:59:27 PM
 #2

why is that?

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adamstgBit
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September 15, 2011, 06:59:43 PM
 #3

Dropped the price nicely.

bitcoinica users probably just crapped their pants. it is movement like that which will cause a
liquidation of their orders.

well this if they were betting it was going to go back up.

with bitcoinica people can make money weather bitcoin goes up or down, Right??

Isepick
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September 15, 2011, 07:00:06 PM
 #4

I wonder if it wasn't a Bitcoinica user that was short a lot of bitcoins...
fcmatt
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September 15, 2011, 07:00:35 PM
 #5

Dropped the price nicely.

bitcoinica users probably just crapped their pants. it is movement like that which will cause a
liquidation of their orders.

well this if they were betting it was going to go back up.

with bitcoinica people can make money weather bitcoin goes up or down, Right??

You are right. I should have said people who went long instead of shorting btc.
So lets say some Bitcoinica users probably just crapped their pants depending on where they bought at.
coined
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September 15, 2011, 07:00:52 PM
 #6

I don't mind seeing 4 tested again sooner rather than later, it's the day's of stagnation that get on my nerves  Grin

I would have preferred steady selling into 4's though( to really test it), this will just rattle the market.
Piper67
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September 15, 2011, 07:01:33 PM
 #7

Even thinking of going long or short in a market that can be manipulated by around 30,000 USD is a pretty dumb idea.
fcmatt
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September 15, 2011, 07:05:09 PM
 #8

That didn't suck, that was awesome!  Wish I had orders at that rate!

I bought some BTC at 5.10-5.20ish last night i was sitting on and knew I should have sold them
when the price failed to break above 5.30. But since it was a small amount of money I decided to
let it ride.

I should have sold and had a nice opportunity to buy in at 4.50ish if I desired. For others I guess
it did not suck ;-)


But once again this really does show how some people out there do not give a **** when it comes
to selling or buying. They just dump/buy all at once and can nail the market in a significant percentage
way.
JBDive
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September 15, 2011, 07:06:01 PM
 #9

That didn't suck, that was awesome!  Wish I had orders at that rate!

Time will tell but I had a buy order in at 4.55 so I may have just caught bottom on that drop. Now let's run back to 6 please.
tvbcof
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September 15, 2011, 07:07:16 PM
 #10

...
So lets say some Bitcoinica users probably just crapped their pants depending on where they bought at.

The under capitalized ones at least.  Hopefully some of these (if there are any) will man up and post so we not-yet-bitcoinica guys can get some lulz.

Isepick
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September 15, 2011, 07:08:34 PM
 #11

Someone trying to get in ahead of the 'weekend dip'? If this sets the tone for this weekend, its gonna be a hell of a ride.
johnj
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September 15, 2011, 07:09:19 PM
 #12

Was it a sell?  Or was it just orders being cancelled?

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Piper67
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September 15, 2011, 07:10:24 PM
 #13

Was it a sell?  Or was it just orders being cancelled?

It was definitely a sell.
bitcoinTrader
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September 15, 2011, 07:12:05 PM
 #14

My orders were filled.
Felt real good Smiley

Thu 15 Sep 2011 07:02:08 PM GMT   Spent   BTC bought: [tid:1316113328007028] 4.97753560 BTC at $4.80000   
Thu 15 Sep 2011 07:02:07 PM GMT   Spent   BTC bought: [tid:1316113327983450] 0.02246440 BTC at $4.79900   
Thu 15 Sep 2011 06:47:55 PM GMT   Spent   BTC bought: [tid:1316112475375471] 5.00000000 BTC at $4.51235   
Thu 15 Sep 2011 06:47:46 PM GMT   Spent   BTC bought: [tid:1316112466871540] 8.00000000 BTC at $4.71235   
Thu 15 Sep 2011 06:47:46 PM GMT   Spent   BTC bought: [tid:1316112466783138] 20.00000000 BTC at $4.73211   
Thu 15 Sep 2011 06:47:46 PM GMT   Spent   BTC bought: [tid:1316112466432796] 150.00000000 BTC at $4.76231

150 BTC order I placed just today.. didnt expect it to be filled so fast Smiley

ElectricMucus
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September 15, 2011, 07:12:42 PM
 #15

Apparently I bought some.
Should bounce pretty quick now. lalala  Cheesy

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Jixtreme
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September 15, 2011, 07:20:47 PM
 #16

Yeah, that blew through my outstanding buys at $5........

Fingers are crossed for a rally! Tongue
fcmatt
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September 15, 2011, 07:33:51 PM
 #17

I find it interesting how the sell wall just moves right on down. Why those "sellers" did not want out above
5.10... all of a sudden think 4.90 is a great price to sell at is beyond me. Just bots i suppose?
Minsc
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September 15, 2011, 07:37:13 PM
 #18

It's panic selling, matt.

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fcmatt
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September 15, 2011, 07:38:53 PM
 #19

It's panic selling, matt.

panic selling is when you let it go at any price. Not tease buyers by putting it right above the
current bid by a nickel or dime.
Jixtreme
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September 15, 2011, 07:41:39 PM
 #20

It's panic selling, matt.

No it's not, bear-troll.
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