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Author Topic: Here we go!  (Read 3712 times)
byronbb
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HODL OR DIE


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January 17, 2012, 10:29:16 PM
 #21

panic mode confirmed

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teflone
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You're fat, because you dont have any pics on FB


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January 17, 2012, 10:29:24 PM
 #22

You mean reasons other than a gazillion signs of being in an echo bubble?

Exponential trend-line, lots of price hype, excessive trading on margin, and any news were tied to speculation, not commerce or reasoning as to why the price would rally. They ran out of leverage for the long positions all the time, what the hell? And then everybody was talking about a TV show that perfectly justifies the new prices... oh, and of course an immediate impending rally to 8. And then 9. And single-digit prices suck anyway!

Remember we're still above a 200% rise from the low about two months ago!

People are overdoing it! The later they come to their senses, the harder the landing is. "Rise to the moon right now!" is not a good plan, and if it fails now that's still better than repeating the madness of last year and paying with another exodus in a multi-month bust. If it's not too late to prevent that already.
You do have a good point here. I've noticed that on average I had much lower expectations from the Good Wife episode than most people had. I was very surprised that it was so good. The boost we got from it was amazing, Google trends haven't spiked this high since June. And we have more money in the market than we have ever had since the summer as well. It's really NOT unreasonable to expect double digit prices soon.

What I miscalculated perhaps was how priced in the Good Wife episode was already. I didn't expect much from but apparently many did. Or at least thought that most do, so they speculated on it. Even with this realization I'm quite sure that what Bitcoinica is experiencing right now has a major effect on the market. That's undeniable. A good share of Mt. Gox volume comes from Bitcoinica so when it has problems, there is a strong effect on Mt. Gox.

Bingo...

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proudhon
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January 17, 2012, 10:30:05 PM
 #23

some one is getting all cheap coinz before rally kicks in , i think you guys had been had.

Maybe, but this isn't looking good.  I'm just happy to be in USD right now.
proudhon
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January 17, 2012, 10:31:03 PM
 #24

Also, what we're now seeing is because of bitcoinica.  Well done Z.
Crypt_Current
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January 17, 2012, 10:31:51 PM
 #25

FUUUUUUUUUUUUUUUUUUUUUUUUUUUU... STOP IT YOU GUYS!!!  lolz

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
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proudhon
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January 17, 2012, 10:32:48 PM
 #26

So, um, I guess nobody wants these things anymore.
Serge
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January 17, 2012, 10:33:18 PM
 #27

FUUUUUUUUUUUUUUUUUUUUUUUUUUUU... STOP IT YOU GUYS!!!  lolz

we can't be lower than 6, there will be plenty of support to kick us back to 6-7 range, after they fill up their socks
RyNinDaCleM
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January 17, 2012, 10:33:45 PM
 #28

I'm glad I sold @ $7.12. This is gonna fly down once liquidations get moving.

Effin Goxlive!  Angry

Vandroiy
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January 17, 2012, 10:33:51 PM
 #29

you are dumb

markets swing from overbought to oversold. the 200% increase could easily have been a correction from the HISTORIC, UNPRECEDENTED downward momentum of the falling-knife (panic-selling-induced) crash. perhaps this is a sign that the correction is over and $6-$7 is a 'healthy' price range for bitcoin. always think longer term.

I have difficulty answering a post that begins with a personal insult.

I'm using indicators to estimate absolute market liquidity and size/amount of speculators, but you know what, sharing thoughts on trading is overrated. Go figure it out yourself. Also makes it easier to just call me the 1:32+ Mat Cauthon for succeeding in five of five trend break predictions. Certainly, I am just dumb and it was all pure luck. Not that a random guess gets these right with a 50% chance by far, go read up on skew for that.

lol 5.4 limit. That most certainly was just chance, what an evil dumpster. Must have wizard-hatted these coins out of nowhere, eh? THE MANIPULATOR!
Bro
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January 17, 2012, 10:33:58 PM
 #30

that's awesome

love it
teflone
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January 17, 2012, 10:34:19 PM
 #31

Also, what we're now seeing is because of bitcoinica.  Well done Z.

Once again, I will 100 percent agree with you.
Sad

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January 17, 2012, 10:34:57 PM
 #32

haaaa, can't buy on gox, what's going on?
P4man
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January 17, 2012, 10:35:22 PM
 #33

I started this thread when it was $6.5
31 minutes later its $4.8 and dropping like a rock.

Three cheers for self stabilizing unregulated markets  Grin

Electricbees
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January 17, 2012, 10:35:50 PM
 #34

It's the great crash of 2012...

Donations are welcome!
1BEES19ds5gEnRBoU1qNFPfjRXe94trMG3
Crypt_Current
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January 17, 2012, 10:36:44 PM
 #35

Someone plz buy these cheap coinz now plz.  before i lose all my little amount of monies.

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
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jojo69
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January 17, 2012, 10:38:29 PM
 #36

wowwwwww

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
Hawkix
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January 17, 2012, 10:38:45 PM
 #37

60k BTC dump. Wow. Watched as the MtGox cannot sell fast enough. Fallen down slowly like through an oil.

Donations: 1Hawkix7GHym6SM98ii5vSHHShA3FUgpV6
http://btcportal.net/ - All about Bitcoin - coming soon!
ineededausername
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bitcoin hundred-aire


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January 17, 2012, 10:40:20 PM
 #38

Wow...

Anyways, we've seen these crashes before, and we'll bounce back... eventually.  Who knows when.

Get ready for a bearish January!

(BFL)^2 < 0
Crypt_Current
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January 17, 2012, 10:40:45 PM
 #39

OMFG THIS IS THE MOST SCARED I HAVE EVER BEEN I WILL NEVER TRADE ON MARGIN AGAIN...


...
(lol)

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
StewartJ
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January 17, 2012, 10:41:32 PM
 #40

It's the great crash of 2012...

Buying even cheaper bitcoins.  Hence the cost averaging.
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