Warning: How many of you Bears have ever been a victim of a Short Squeeze?

[NotLambchop]

Call 911 and stay on the line, cypherdoc.  I'm becoming increasingly concerned for your safety.

[cypherdoc]

"bullshit"

thx for waking me up this morning, MyLameChop.  see what happens?

[NotLambchop]

I did not wake you up, cypherdoc.  Why would I?  How would I?  Don't think about it now tho, wait 'til you're better.

Have you called 911 yet?  Is help on the way?

[cypherdoc]

I did not wake you up, cypherdoc.  Why would I?  How would I?  Don't think about it now tho, wait 'til you're better.

Have you called 911 yet?  Is help on the way?

keep selling/shorting, baby.  keep selling...

[damnek]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

[cypherdoc]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

[damnek]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

[cypherdoc]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp.  some funny shit going on there.  it's not worth trying to day trade these swings.  i'm happy with just buying dips.

[damnek]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp.  some funny shit going on there.  it's not worth trying to day trade these swings.  i'm happy with just buying dips.

I hear you. The way I approach it now is by scalping futures at okcoin to offset the losses on my larger chunk of coins held in cold storage. So the cold storage is my hedge in case okcoin goes belly-up.

edit: The interesting part is that by using bitcoin as collateral for a short position you're not really selling them, so you're avoiding incurring capital gains tax.

[cypherdoc]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp.  some funny shit going on there.  it's not worth trying to day trade these swings.  i'm happy with just buying dips.

I hear you. The way I approach it now is by scalping futures at okcoin to offset the losses on my larger chunk of coins held in cold storage. So the cold storage is my hedge in case okcoin goes belly-up.

edit: The interesting part is that by using bitcoin as collateral for a short position you're not really selling them, so you're avoiding incurring capital gains tax.

i get ya.  but just hope your coins don't disappear one day.

[Odalv]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp.  some funny shit going on there.  it's not worth trying to day trade these swings.  i'm happy with just buying dips.

Yes it is risky but I cannot resist:
1) send X % of fiat (you can afford to lose)
2) buy and withdraw
3) go to 1

[cypherdoc]

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp.  some funny shit going on there.  it's not worth trying to day trade these swings.  i'm happy with just buying dips.

Yes it is risky but I cannot resist:
1) send X % of fiat (you can afford to lose)
2) buy and withdraw
3) go to 1

yes, that is perfectly reasonable.  but day trading over long periods of time on an unregulated exchange in Slovenia is crazy.

[cypherdoc]

look at that 30000 BTC wall run.  what a wimp.

[cypherdoc]

that's a classic capitulation volume bar:

[Odalv]

look at that 30000 BTC wall run.  what a wimp.

I hope the wall will hold few days :-). I'll be able to safe withdraw enough coins. (step by step, never go all in)

[cypherdoc]

look at that 30000 BTC wall run.  what a wimp.

I hope the wall will hold few days :-). I'll be able to safe withdraw enough coins. (step by step, never go all in)

the wimp already ran

[cypherdoc]

The Wall is desperately trying to get you to jump in front with a panic sell.  wait him out; he'll get eaten if he doesn't run first.

[googlemaster1]

I would say this is one brave whale, but hey, even if someone chomps him up, not like 9 mil is the worst thing in the world to have, especially if he's an early adopter. heheh.

[cypherdoc]

I would say this is one brave whale, but hey, even if someone chomps him up, not like 9 mil is the worst thing in the world to have, especially if he's an early adopter. heheh.

true dat.

but if it's a bank trying to block Bitcoin's rise, it would be a disaster. for them.

[cypherdoc]

The Wall is losing on an absolute basis.