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Author Topic: FUCK THIS  (Read 5481 times)
dryden
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January 17, 2012, 10:34:39 PM
 #1

don't remember what thread, but someone mentioned the pump'n'dumper scam where someone would sell their leverages gazillion coins to cause all the long positions on bitcoinica to default.  Well....... it just happened.
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GeniuSxBoY
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January 17, 2012, 10:37:27 PM
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lol this is awesome. bitcoinica wins the internet. he stole all your shit and left
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January 17, 2012, 10:38:14 PM
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This is indeed what's happening. I'm glad that I wasn't long on Bitcoinica.

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ineededausername
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January 17, 2012, 10:38:18 PM
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lol this is awesome. bitcoinica wins the internet. he stole all your shit and left

hahahaha

Bitcoinica probably has an asterisk now.. let me check Tongue

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Vandroiy
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January 17, 2012, 10:38:37 PM
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I was warning you people all the damn time for about two weeks. It's a simple sell, Bitcoinica was too heavily leveraged and the order book was too thin!

Seriously, I feel no pity for people who go all-in on heavy leverage. This was completely insane.
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January 17, 2012, 10:39:22 PM
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I'm surprised to see this... Just watched the price fall almost $2.00 in less than a minute...
And Mt.Goxlive is down...

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January 17, 2012, 10:39:41 PM
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lol this is awesome. bitcoinica wins the internet. he stole all your shit and left

hahahaha

Bitcoinica probably has an asterisk now.. let me check Tongue

Asterisk is on sell now... Whoever did this was leveraged, I say we squeeze back hard.

https://www.bitcoin.org/bitcoin.pdf
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January 17, 2012, 10:42:39 PM
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God, this project has had to overcome hacks and insecurity and now we've got to overcome Z's ridiculous service.
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January 17, 2012, 10:43:15 PM
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God, this project has had to overcome hacks and insecurity and now we've got to overcome Z's ridiculous service.


haha +1

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January 17, 2012, 10:43:35 PM
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Anybody having fun?  You wanted media attention, you got it!

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January 17, 2012, 10:44:07 PM
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Could have been predicted after the recent uptrend.

Well, nice time for day (or faster) traders.

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January 17, 2012, 10:44:57 PM
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I was warning you people all the damn time for about two weeks. It's a simple sell, Bitcoinica was too heavily leveraged and the order book was too thin!

Seriously, I feel no pity for people who go all-in on heavy leverage. This was completely insane.
I agree. I've never used Bitcoinica and I have no plans to do so in the future either. I'm long the traditional way and still very comfortable. It's interesting to see where we are after the dust settles, which could take a while. There is going to be high volumes this week. Smiley

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January 17, 2012, 10:46:43 PM
 #13

I got zhoutonged again..  Thought I was jonny on the spot closing my short position at around 5.30 and going long, that shit went craaaaaaaaaazzzzzzzzy I thought I was good with the dollar profit.  Good thing I was only playing with peanuts Cheesy


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January 17, 2012, 10:47:23 PM
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God, this project has had to overcome hacks and insecurity and now we've got to overcome Z's ridiculous service.

+2 was thinking this earlier today at 6.55

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January 17, 2012, 10:48:32 PM
 #15

Now double asterisk... Bitcoinica is having trouble connecting to mtgox.

https://www.bitcoin.org/bitcoin.pdf
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January 17, 2012, 10:49:10 PM
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It's interesting to see where we are after the dust settles, which could take a while. There is going to be high volumes this week. Smiley

I guess we would quickly return to 6+, but with healthier situation now that the leveraged kamikazes are all cleared out. The problem with leverage on BTC is that we get uncontrolled spikes, as if we didn't have enough panicers selling when the price fluctuated already Smiley I'm not saying it is bad for economy - no, it's all well, price returns to the original point quickly, and it's very easy to make money on that unjustified swings.

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January 17, 2012, 10:50:55 PM
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It's interesting to see where we are after the dust settles, which could take a while. There is going to be high volumes this week. Smiley

I guess we would quickly return to 6+, but with healthier situation now that the leveraged kamikazes are all cleared out.

*thumb_up*
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January 17, 2012, 10:51:11 PM
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It's interesting to see where we are after the dust settles, which could take a while. There is going to be high volumes this week. Smiley

I guess we would quickly return to 6+, but with healthier situation now that the leveraged kamikazes are all cleared out.

Already back up to $5.80 now.

Could this of been the last BTC buying opportunity of a lifetime?
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January 17, 2012, 10:51:23 PM
 #19

I guess we would quickly return to 6+, but with healthier situation now that the leveraged kamikazes are all cleared out.
Indeed. I see this as a much needed learning process. This will teach people to be more careful.

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StewartJ
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January 17, 2012, 10:54:10 PM
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I guess we would quickly return to 6+, but with healthier situation now that the leveraged kamikazes are all cleared out.
Indeed. I see this as a much needed learning process. This will teach people to be more careful.

All the care in the world is not going to stop someone from flinging a huge sell or buy and send the
market in an instant $2.00 spike.



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