Serge
Legendary
 Offline
Activity: 1050
Merit: 1000
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January 17, 2012, 10:41:43 PM |
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lol, total blackout =)
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 17, 2012, 10:43:03 PM |
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Also, what we're now seeing is because of bitcoinica. Well done Z.
It was done on bitcoinica... Asterisk has swung to sell, so this drop was leveraged down. |
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the joint
Legendary
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Activity: 1834
Merit: 1020
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January 17, 2012, 10:44:21 PM |
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It's the great crash of 2012...
Heading for bread line now.... Are you alright? |
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Electricbees
Sr. Member
Offline
Activity: 322
Merit: 250
We are bees, and we hate you.
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January 17, 2012, 10:44:47 PM |
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It's the great crash of 2012...
Heading for bread line now.... I hope there's enough for me when I get there... |
Donations are welcome!
1BEES19ds5gEnRBoU1qNFPfjRXe94trMG3
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jojo69
Legendary
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Activity: 3150
Merit: 4303
diamond-handed zealot
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January 17, 2012, 10:44:55 PM |
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going long
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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.
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SkRRJyTC
Legendary
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Activity: 1008
Merit: 1000
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January 17, 2012, 10:45:00 PM |
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Also, what we're now seeing is because of bitcoinica. Well done Z.
It was done on bitcoinica... Asterisk has swung to sell, so this drop was leveraged down. Someone with money saw that bitcoinica users were heavily leveraged long because of the two straight days of fucking * on the buy. Squeezed the longs. These things will happen in the wild west with tools that dont work. Guaranteed Liquidity my ass! SELL ▲*5.27678 BUY ▲*5.75655 |
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StewartJ
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January 17, 2012, 10:47:33 PM |
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It's the great crash of 2012...
Heading for bread line now.... Are you alright? Yes, just having fun... love this crash. Shows the sheer precariousness of trading BTC. |
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the joint
Legendary
Offline
Activity: 1834
Merit: 1020
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January 17, 2012, 10:48:36 PM |
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It's the great crash of 2012...
Heading for bread line now.... Are you alright? Yes, just having fun... love this crash. Shows the sheer precariousness of trading BTC. K just checking  |
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P_Shep
Legendary
Offline
Activity: 1795
Merit: 1198
This is not OK.
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January 17, 2012, 10:50:52 PM |
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Might go buy some bitcoins now... but it's bouncing back up :/
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arepo
Sr. Member
Offline
Activity: 448
Merit: 250
this statement is false
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January 17, 2012, 10:54:17 PM |
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To me the one and only major reason this dip is happening is Bitcoinica and the problems it's having. Especially with the other developments recently, I see no other possible reason for this.
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 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. the fact that your prediction is right has nothing to do with whether or not the reasons you gave which i was rebutting are valid. also, unless you're already assuming that you are some super trader, each prediction is independent. as such, 'five in a row' means not much more than 'five, historically'. between the astrology thread and this kind of behavior, im starting to lose faith in the general rationality of traders... so, congratulations, your prediction was correct. i also foresaw the danger and got out at $6.45. |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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January 17, 2012, 10:54:26 PM |
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4303
diamond-handed zealot
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January 17, 2012, 10:56:00 PM |
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if you want coins, they already cost 6.10 again
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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.
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Serge
Legendary
Offline
Activity: 1050
Merit: 1000
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January 17, 2012, 10:57:11 PM |
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if you want coins, they already cost 6.10 again
soon there will be no coins below $7 |
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P_Shep
Legendary
Offline
Activity: 1795
Merit: 1198
This is not OK.
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January 17, 2012, 10:58:12 PM |
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Damn it, back up to 6.30 already. Not gonna bother.
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Clipse
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January 17, 2012, 10:58:16 PM |
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erg this is like someone taking a dump on the market and never wipe there ass :/
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...In the land of the stale, the man with one share is king... >> ClipseWe pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
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SlaveInDebt
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January 17, 2012, 11:00:13 PM |
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erg this is like someone taking a dump on the market and never wipe there ass :/
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"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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RandyMarsh
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January 17, 2012, 11:05:08 PM |
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Meanwhile on mtgox... pending
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Stan?! STAN?!?!
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Hunterbunter
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January 17, 2012, 11:12:40 PM |
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Looks like someone bought 50k coins a couple weeks ago, pushing the price up $1.50 through sheer volume, and today decided it wasn't going to make them super rich and withdrew all those coins (a few players, not just one).
Either that, or as someone else suggested manipulators are pushing other people out, leveraged, afraid, whatever. I think this may be the case as there hasn't been a flood of sell orders following it, so either a lot of people are waiting to see, or mtgox isn't working for anyone.
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Serge
Legendary
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Activity: 1050
Merit: 1000
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January 17, 2012, 11:18:14 PM |
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it's not over yet, i suspect there are more orders in mtgox's que still unprocessed
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4303
diamond-handed zealot
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January 17, 2012, 11:28:03 PM |
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it's not over yet, i suspect there are more orders in mtgox's que still unprocessed
this |
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.
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