proudhon
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January 09, 2012, 11:23:34 AM |
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Looks like somebody tried to induce panic selling. The price rebounded and so they sold again, and it rebounded again.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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SaintFlow
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Activity: 476
Merit: 250
The first is by definition not flawed.
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January 09, 2012, 11:30:27 AM |
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Looks like somebody tried to induce panic selling. The price rebounded and so they sold again, and it rebounded again.
could well be. As I see it the upsike was first so the downspike could also be a high speed response to avoid rally? |
don't let me make you question your assumptions
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GeniuSxBoY
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January 09, 2012, 11:35:17 AM |
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I really don't understand why the person who is selling doesn't want the price to go higher??
People are cray cray
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Be humble!
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somestranger
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January 09, 2012, 11:46:52 AM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
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Piper67
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January 09, 2012, 11:50:18 AM |
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I really don't understand why the person who is selling doesn't want the price to go higher??
People are cray cray
Not everyone is in it for the money, Genius, some just want bitcoin to fail. |
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proudhon
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January 09, 2012, 11:55:32 AM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
No, those didn't get taken down. Somebody just took a huge dump. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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GeniuSxBoY
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January 09, 2012, 11:56:08 AM |
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huge is an understatement
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Be humble!
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Cluster2k
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January 09, 2012, 11:58:01 AM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
I took all my bids down. Why keep them there if someone's willing to spark panic and dump the price from $7 to $6 within minutes? We could bounce back, or head to $5. Only the dumper knows. |
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proudhon
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January 09, 2012, 11:59:18 AM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
I took all my bids down. Why keep them there if someone's willing to spark panic and dump the price from $7 to $6 within minutes? We could bounce back, or head to $5. Only the dumper knows. It was fun while it lasted. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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proudhon
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January 09, 2012, 12:01:48 PM |
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I suppose one positive thing is that all those coins are getting distributed into a bunch of hands from the looks of how the bids were stacked up before this massive sell-off.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Cluster2k
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January 09, 2012, 12:03:07 PM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
I took all my bids down. Why keep them there if someone's willing to spark panic and dump the price from $7 to $6 within minutes? We could bounce back, or head to $5. Only the dumper knows. It was fun while it lasted. Indeed it was. I was posting recently that I was ready to sell everything at a moment's notice. Didn't lose much, but only through luck rather than any real plan. Dump happened Monday evening when I was watching. Many people haven't been so lucky. Ready to buy when the time is right (who knows when that is). |
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GeniuSxBoY
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January 09, 2012, 12:04:03 PM |
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Yeh... but they can just use all their money to buy a bigger load of coins.
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Be humble!
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proudhon
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Merit: 1311
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January 09, 2012, 12:04:26 PM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
I took all my bids down. Why keep them there if someone's willing to spark panic and dump the price from $7 to $6 within minutes? We could bounce back, or head to $5. Only the dumper knows. It was fun while it lasted. Indeed it was. I was posting recently that I was ready to sell everything at a moment's notice. Didn't lose much, but only through luck rather than any real plan. Dump happened Monday evening when I was watching. Many people haven't been so lucky. Ready to buy when the time is right (who knows when that is). To make matters worse, MtGox's API is all fucked up so nobody can really see what's going on. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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GeniuSxBoY
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January 09, 2012, 12:06:51 PM |
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tomorrow should be epic.
7-9 days from now should be epic also.
Good call, genius. Something epic did happen today. |
Be humble!
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Serge
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January 09, 2012, 12:08:24 PM
Last edit: January 09, 2012, 12:33:27 PM by Serge |
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To make matters worse, MtGox's API is all fucked up so nobody can really see what's going on.
the game is called try catching flying knife blindfolded without getting trapped |
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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January 09, 2012, 12:09:25 PM |
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What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?
I took all my bids down. Why keep them there if someone's willing to spark panic and dump the price from $7 to $6 within minutes? We could bounce back, or head to $5. Only the dumper knows. It was fun while it lasted. Indeed it was. I was posting recently that I was ready to sell everything at a moment's notice. Didn't lose much, but only through luck rather than any real plan. Dump happened Monday evening when I was watching. Many people haven't been so lucky. Ready to buy when the time is right (who knows when that is). To make matters worse, MtGox's API is all fucked up so nobody can really see what's going on. MtGoxLive has been almost dead for me. Updates maybe once every few minutes. WebSocket still works. Huge amounts of order spamming happening. MtGox just can't handle the volume. When I manually put an order in it takes more than half a minute to execute. |
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Hawkix
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January 09, 2012, 12:11:47 PM |
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MtGox is really incompetent in this. They take a pretty nice amount of each sale, but still cannot serve (or, at least, SHOW) few thousands of requests per second?
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BTCurious
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January 09, 2012, 12:12:15 PM |
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MtGox is really incompetent in this. They take a pretty nice amount of each sale, but still cannot serve (or, at least, SHOW) few thousands of requests per second?
+1 |
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GeniuSxBoY
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January 09, 2012, 12:13:59 PM |
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Mtgox has too much paperwork.
Takes a looong time to printf.
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Be humble!
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SaintFlow
Sr. Member
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Activity: 476
Merit: 250
The first is by definition not flawed.
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January 09, 2012, 12:17:05 PM |
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The rocket is secretly taking off as in taking off with someones money.
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don't let me make you question your assumptions
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