Whodafuq is dumping BTC??

[lphelps]

god damn it!!! $400?!? and there's no MT.GOX to blame for it..

[TTM]

American woke up, read the news about China, then panic dump. Previously price on Huobi always lower, but now it is even higher than BTC-e.

[Stuartuk]

Don't worry, we are touching solid support, this could be the bottom where the big guys get in.

Hodle all your coins - the Marshmallow man is coming to munch them all up!

[Boris-The-Blade]

Hodle the line soldier!

[sapstar]

Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 5 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.

[Boris-The-Blade]

Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 6 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.

Buy some Coins and hold the line goddamnit!

[Bitcoin Magazine]

Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 6 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.

smart.  drive down the difficulty give us little guy's a chance   

[bryant.coleman]

god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Mt.Gox is the reason why BTC is trading at <400 now.

[Boris-The-Blade]

god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Mt.Gox is the reason why BTC is trading at <400 now.

The real blame lies with a certain over weight Frenchman.
Not naming any names though 

[seriouscoin]

god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Mt.Gox is the reason why BTC is trading at <400 now.

Correct. While the Chinese exchanges are faking volumes, MtGox still held the largest funds in fiat.

With all those funds being held, the market is so thin and a few thousands btc can move the market.

[BittBurger]

Hodle all your coins - the Marshmallow man is coming to munch them all up!

LOL

[precrime3]

Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?
I recently built a rig with 5 GPU's for  scrypt mining, but I realise now that it is cheaper to buy coins rather than mining. So planning to shutdown my rigs till the price goes up.

Mining when everyone is "waiting for prices to go up" and difficulty is lower would be the best time to mine IMO....

[idrathershred]

Hodle the line soldier!

You mean, HODL the line SODLier!   

[windpath]

Had to buy @ $400, could not fight the urge

[jamesc760]

All the noobs are buying. Not a good sign. I'm just saying.

[HELP.org]

Some people have taxes due April 15 and this is the last chance to sell at Coinbase and have the money by April 15.  Not sure how much effect that has.

[lynn_402]

All the noobs are buying. Not a good sign. I'm just saying.

Why do you think that? Noobs who put new money in the market in November (me included) contributed a lot to the huge price increase of that period.

[Boris-The-Blade]

I'm to greedy to sell now 

[DubFX]

Is it that hard to follow two instructions? Buy>hold

[precrime3]

Is it that hard to follow two instructions? Buy>hold

Buy is greater than hold? More like a equation xD

[DubFX]

Is it that hard to follow two instructions? Buy>hold

Buy is greater than hold? More like a equation xD

i meant buy->hold it had to be an arrow

[precrime3]

Ahhh okay then 

[TrollboxChamp]

Hodle all your coins - the Marshmallow man is coming to munch them all up!

LOL

 

[Raize]

Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?

Buy reasonable amounts, say 3-5% every paycheck while it falls. Don't try to time the bottom. If here within the span of the next year you are buying *above* your cost basis, hold till it reaches double your cost basis then sell at 3-5% of your weekly paycheck's worth. Inevitably it'll fall in value again and then you can start accumulating again with a new cost-basis.

[TERA]

The dumping hasn't even begun. just slow bleed. Reversal requires a day with at least 200,000BTC volume on stamp. current volume is only 35,000BTC.

[precrime3]

Guys, I am new to the bitcoin scene. Is it a good time to buy now or is it going to still go down?

Buy reasonable amounts, say 3-5% every paycheck while it falls. Don't try to time the bottom. If here within the span of the next year you are buying *above* your cost basis, hold till it reaches double your cost basis then sell at 3-5% of your weekly paycheck's worth. Inevitably it'll fall in value again and then you can start accumulating again with a new cost-basis.

Good tactic, but personally I think "bottom" is around $300, if it still seems to be going down after that, then $250. After $250 though, just keep buying, as prices will never go down that low again xD

[joae1975]

Every time you buy something w bitcoin using bitpay/coinbase, you're dumping btc.

[cbeast]

it's probably some billionaire's secretary hitting the wrong button.

[NotoriousBIT]

Is it that hard to follow two instructions? Buy>hold

1. Buy
2. Day trade
3. Lose money
4. Buy
5. Hold

?

[Mervyn_Pumpkinhead]

Whodaq is dumping BTC??

[precrime3]

Yeah just get rid of the daytrading part and we are good  

[BitCoinsLOL]

Whodaq is dumping BTC??

 Hall of Fame pic Gary Oldman is completely twisted in the Professional.

[rudius]

god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Certainly not the chinese. They havent move since the btce dumping.
Really looks like manipulation to me the last 24h

[precrime3]

god damn it!!! $400?!? and there's no MT.GOX to blame for it..

Certainly not the chinese. They havent move since the btce dumping.
Really looks like manipulation to me the last 24h

Its definitely the bad news about chinese exchanges and manipulation....

[DPoS]

Every time you buy something w bitcoin using bitpay/coinbase, you're dumping btc.

aren't we supposed to be using this new fangled techno payment system?

[serenitys]

Whodaq is dumping BTC??

+100000 for Gary. I <3 Gary. He's my all time fave!

Thanks for the girlgasm.

Carry on.

[Wolf Rainer]

Fear -> Panic -> Mass Sell -> Cheap Btc.

[DubFX]

Fear -> Panic -> Mass Sell -> Cheap Btc.

So everyone, it's time to buy in it looks like we are going up again.

[joae1975]

Buy gold/silver with btc, win win win!!!

[bgmc]

American woke up, read the news about China, then panic dump. Previously price on Huobi always lower, but now it is even higher than BTC-e.

Wrong. If you were following fiatleak at the time of the dumping, then you would realize it was China dumping, not America.

[uhoh]

American woke up, read the news about China, then panic dump. Previously price on Huobi always lower, but now it is even higher than BTC-e.

Wrong. If you were following fiatleak at the time of the dumping, then you would realize it was China dumping, not America.

Fiatleak is not an accurate representation of the market.

[njcarlos]

Don't need fiatleak to see China has been setting the market trend from the start of the run up to $1200, all the way down to $350. Without China we're 50% up from their big entry, at best.

[DubFX]

Don't need fiatleak to see China has been setting the market trend from the start of the run up to $1200, all the way down to $350. Without China we're 50% up from their big entry, at best.

This is true....china controls really big part of BTC market.

[Amph]

knc is dumping like a mad little girl

[DubFX]

knc is dumping like a mad little girl

May i ask what is KNC?

[Amph]

knc is dumping like a mad little girl

May i ask what is KNC?

https://www.kncminer.com/categories/miners