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kaysersoze (OP)
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February 10, 2014, 02:24:48 PM |
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for how long?
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Catanonia
Member
 Offline
Activity: 118
Merit: 10
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February 10, 2014, 02:27:01 PM |
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Seconds, user sold all and bottomed the sell orders at 102.
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BitcoinSteve
Member
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Activity: 112
Merit: 10
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February 10, 2014, 02:31:22 PM |
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I was right about my plummet thread.
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DRK: XtijFQdCcPpKXmtjKF4xdpy6vCvJTymfzw
BTC: 1LbPHiUfegA3Xjfg4YJkJqLNpaRWDcRPay
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Sheldor333
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February 10, 2014, 02:37:46 PM |
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Not much. That is for sure. What is weird is that even if someone wanted to sell their 4000 BTC, they could have done that during a period of few days, they would hurt Bitcoin less and also earn more money from their BTC.
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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February 10, 2014, 02:38:41 PM |
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Not much. That is for sure. What is weird is that even if someone wanted to sell their 4000 BTC, they could have done that during a period of few days, they would hurt Bitcoin less and also earn more money from their BTC.
This is what happens when members and media post too much FUD, and weak hands panic. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3008
Welt Am Draht
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February 10, 2014, 02:42:22 PM |
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If you had 4000 BTC I assume you'd be an old hand at dealing with the endless panic.
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ljudotina
Legendary
Offline
Activity: 1260
Merit: 1029
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February 10, 2014, 02:53:18 PM |
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Bots ppl...trading bots....
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7thKingdom
Member
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Activity: 107
Merit: 10
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February 10, 2014, 02:57:12 PM |
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If you had 4000 BTC I assume you'd be an old hand at dealing with the endless panic.
Even if they were an old hand, you have to remember that doesn't necessarily make you terribly wise... a lot of kids in their late teens/early 20's probably mined thousands of coins a few years ago. Just because they got lucky and heard about bitcoin very early, doesn't mean they necessarily know wtf they're doing. It just means they were in the right place at the right time. |
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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February 10, 2014, 02:58:45 PM |
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I got 226 new BTC today, most at the 200-300 range and I LOVE IT!
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ricburton
Newbie
Offline
Activity: 3
Merit: 0
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February 10, 2014, 03:16:09 PM |
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Bobsurplus: Which exchange did you use to execute that trade?
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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February 10, 2014, 03:18:05 PM |
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Bobsurplus: Which exchange did you use to execute that trade?
BTC-E |
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log2exp
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February 10, 2014, 03:21:19 PM |
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Good to spread the coins more evenly  |
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thejepper
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February 10, 2014, 03:22:37 PM |
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just instant profit |
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EvilDave
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February 10, 2014, 03:57:09 PM |
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Nice one, Bob, very slightly jealous....  I wonder how the 4000 BTC dumper is feeling right now? |
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rohnearner
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February 10, 2014, 04:02:56 PM |
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I got 226 new BTC today, most at the 200-300 range and I LOVE IT!
Hey lucky fella i hope it will turn out a profitable for you ...! |
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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February 10, 2014, 04:07:27 PM |
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Nice one, Bob, very slightly jealous.... I wonder how the 4000 BTC dumper is feeling right now? After looking over the charts I believe it was one seller who sold 12000+ coins and then a few panic sellers who sold the remaining coins. No doubt this was a major "fire sale" and some people did really well, including the seller of the 12000 (most probably stolen from gox) coins. |
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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February 10, 2014, 04:08:41 PM |
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I got 226 new BTC today, most at the 200-300 range and I LOVE IT!
Hey lucky fella i hope it will turn out a profitable for you ...! Thanks Rohnearner I'll be donating a few coins in the weeks to come to help spread the good fortune.  |
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btc925
Newbie
Offline
Activity: 8
Merit: 0
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February 11, 2014, 12:06:03 AM |
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Bobsurplus: Which exchange did you use to execute that trade?
BTC-E When did BTC-E drop to $200? The avg price is still around $600. |
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j3steven
Member
Offline
Activity: 112
Merit: 10
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February 11, 2014, 12:08:29 AM |
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Around 4-5am EST the price dropped for an instant, i'd say around 5-530am EST it was closer to 450-500 USD and then slowly crept up to 600+
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kireinaha
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February 11, 2014, 12:09:45 AM |
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Bots ppl...trading bots....
Yes, one person here got it right. Bots, likely with stop loss settings turned on, coupled with a large sell off, began a chain reaction. As the price dipped low enough, all the bots frantically sold into it. That's why it's generally a bad idea to use stop loss in this market, it gets traders into trouble more often than not. |
Night gathers, and now my bitcoinwisdom watch begins.
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