ElectricMucus (OP)
Legendary
 Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 14, 2011, 01:00:29 AM |
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prices are down to 2.5
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memvola
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November 14, 2011, 01:02:24 AM |
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Damn it! Where is my MtGox Intersango EUR balance when I need it...
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Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
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November 14, 2011, 01:08:15 AM |
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Watched it happen. Interesting stuff. Makes me wonder why someone does that. There was a huge flurry of trades at $2.50. Thousands of bitcoins going back and forth for the same price.
Great speculating opportunity. Not so great for anyone who is a merchant and wants to do anything useful with bitcoins. Instant 17% value drop.
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 14, 2011, 01:09:41 AM |
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WTF was that?
1 min volumes around 30k!
There's going to be a lot of pissed off mofo's, and some happy ones I'm sure!
I'm part of the latter! I just bought a chunk of that 9k wall $2.5!
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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November 14, 2011, 01:14:56 AM |
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It was this guy
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phorensic
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November 14, 2011, 01:17:10 AM |
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Holy crap
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 14, 2011, 01:20:03 AM |
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Now THAT is a gigantic dump! lol
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barbarousrelic
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November 14, 2011, 01:21:01 AM |
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I wish mtgox would tell you how long a time period their "Volume" number represents. Does anyone know how long it is?
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Do not waste your time debating whether Bitcoin can work. It does work.
"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.
There is no such thing as "market manipulation." There is only buying and selling.
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 14, 2011, 01:22:10 AM |
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open - close
24hrs
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Jonathan Ryan Owens
Donator
Sr. Member
Offline
Activity: 392
Merit: 252
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November 14, 2011, 01:22:41 AM |
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Now what I find amusing is that my Bank Deposit from Wednesday just now showed up, after the sell off. Is it just me? Anybody else suddenly find that their accounts have been credited with pending deposits / transfers?
The last time a crash happened, my account was magically AML unlocked immediately after the large sell off in October.
Strong correlation between liquidity, availability of funds & sell offs, me thinks.
So, who else is suddenly flush with dollars at MtGox right after the sell off?
Anyone?
-Jonathan
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Edward50
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November 14, 2011, 01:29:09 AM |
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I love it, the manipulator with his bidwalls just got owned. Enjoy your bitcoins AHOLE, how many did you buy like 20,000 right there alone.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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dree12
Legendary
Offline
Activity: 1246
Merit: 1077
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November 14, 2011, 01:30:12 AM |
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There goes my bitcoinica balence  . Should have shorted after all... (or, be a smart trader and add a stop order). |
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barbarousrelic
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November 14, 2011, 01:31:44 AM |
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open - close
24hrs
Mtgox never closes, right? So the volume represents the previous 24 hours from whenever you read the figure? |
Do not waste your time debating whether Bitcoin can work. It does work.
"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.
There is no such thing as "market manipulation." There is only buying and selling.
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dree12
Legendary
Offline
Activity: 1246
Merit: 1077
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November 14, 2011, 01:32:47 AM |
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open - close
24hrs
Mtgox never closes, right? So the volume represents the previous 24 hours from whenever you read the figure? I think it represents the amount since 0 UTC. At least, that's what the bitcoincharts one means. |
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Crypt_Current
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November 14, 2011, 01:36:35 AM |
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There goes my bitcoinica balence . Should have shorted after all... (or, be a smart trader and add a stop order). Definitely gotta have stops with this market... I learned that the hard way as well. This time, I made like $6 :-P XD |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 14, 2011, 01:37:29 AM |
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Yes! 24hrs, from 0:00UTC-23:59.59UTC. Look at their line on bitcoincharts, it shows open/close pricing. Just their open and close happens to be at the same time. Yesterdays close is today's open! It's just so you have a time period to compare with.
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Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
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November 14, 2011, 01:43:40 AM |
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Man, it's the middle of the night here, what's it with the nonsense *yawns*
brb checking how many coins I bought. Probably too few, but who expects someone to unlimited sell 50k? Seeeriously guys, you never cease to amaze me.
Okay lol wut, someone gave up on Bitcoin the party panic way I guess? 70k volume already!
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Crypt_Current
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November 14, 2011, 01:46:07 AM |
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Anybody else having problems getting money OUT of bitcoinica right now?
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SlaveInDebt
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November 14, 2011, 01:48:58 AM |
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Tired as hell and this happens. Time to fire up the pot. Ohh my 50K bid wall at $2.5  |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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Edward50
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November 14, 2011, 01:50:03 AM |
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Manipulator panicks and places bidwall of 52K after the huge selloff.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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