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Author Topic: Whoa, spike up to 4.45  (Read 1833 times)
johnj
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October 12, 2011, 09:31:54 PM
 #1

That was unexpected.

Glad I bought at 3.87

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NamelessOne
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October 12, 2011, 09:35:49 PM
 #2

Yes, same. That was amazing to watch live.
322i0n
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October 12, 2011, 09:36:19 PM
 #3

yummy. cleaned me out. hehe!

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grod
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October 12, 2011, 09:52:53 PM
 #4

Didn't catch the spike, but considering this is happening at the exact same time as DDoS attacks on the top pools -- well, I had a coin or two remaining.  Whomever was trying to manipulate the price up now has them, congratulations.
Flappy
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October 12, 2011, 10:31:42 PM
 #5

Don't you mean, manipulate the price down?

Didn't catch the spike, but considering this is happening at the exact same time as DDoS attacks on the top pools -- well, I had a coin or two remaining.  Whomever was trying to manipulate the price up now has them, congratulations.
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October 12, 2011, 10:40:45 PM
 #6

Don't you mean, manipulate the price down?

Didn't catch the spike, but considering this is happening at the exact same time as DDoS attacks on the top pools -- well, I had a coin or two remaining.  Whomever was trying to manipulate the price up now has them, congratulations.
The price moved up $.50 in one sale. Then there were 3 or 4 successive pushes to $4.4, all in about 1 minute.

I caught the spike, but I had just <5 mins earlier moved my sell order from $4.42 to $4.25 (which I rarely do), so I got shafted a little.
But hey, a little profit is better than a little loss!

Minsc
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October 13, 2011, 12:19:24 AM
 #7

Usually once it raises a mere 20 cents, someone dumps all their bitcoins going "Well at least I made a small profit" and this makes the price crash.  Hopefully it won't happen this time.

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panerai
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October 13, 2011, 02:47:15 AM
 #8

i dumped the rest I had at 4.10

Im losing faith...
wobber
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October 13, 2011, 02:53:39 AM
 #9

i dumped the rest I had at 4.10

Im losing faith...

Oh, no, please don't. We need your faith!

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pennytrader
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October 13, 2011, 04:17:46 AM
 #10

miss the pop. Will try to catch the next one to dump my freshly mined coins...

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Crypt_Current
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October 13, 2011, 04:53:05 AM
 #11

i dumped the rest I had at 4.10

Im losing faith...

Oh, no, please don't. We need your faith!

We don't need it except for to talk about how dumb it is.  Hold your BTC til after the holiday then see where it's at.

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zby
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October 13, 2011, 06:48:24 AM
 #12

So we've got a bail out!
Nagle
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October 13, 2011, 04:33:13 PM
 #13

Mt. Gox is at $4.07 and Tradehill is at $3.95. Usually, when there's a spread like that, an arbitrage 'bot buys on one exchange and sells on the other. This keeps the exchanges in sync. 

When that doesn't happen, it's because someone has cash trapped in the wrong exchange. I suspect that one or more of the trading 'bots ran out of money, and as a result, volatility went up.  With the better funded 'bots off line, there are more spikes. Humans react too slowly to damp them.

No big deal. It's not a rally.
notme
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February 06, 2012, 04:11:36 AM
 #14

Wait.... what?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Eveofwar
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February 06, 2012, 04:20:12 AM
 #15

Wait.... what?

Way to resurrect a dead thread :|
notme
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February 06, 2012, 04:26:05 AM
 #16

No big deal. It's not a rally.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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