FUCK THIS

[dryden]

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.

[GeniuSxBoY]

lol this is awesome. bitcoinica wins the internet. he stole all your shit and left

[Technomage]

This is indeed what's happening. I'm glad that I wasn't long on Bitcoinica.

[ineededausername]

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

[Vandroiy]

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.

[Electricbees]

I'm surprised to see this... Just watched the price fall almost $2.00 in less than a minute...
And Mt.Goxlive is down...

[notme]

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

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

[proudhon]

God, this project has had to overcome hacks and insecurity and now we've got to overcome Z's ridiculous service.

[ineededausername]

God, this project has had to overcome hacks and insecurity and now we've got to overcome Z's ridiculous service.

haha +1

[the joint]

Anybody having fun?  You wanted media attention, you got it!

[neptop]

Could have been predicted after the recent uptrend.

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

[Technomage]

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.

[teek]

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

[SlaveInDebt]

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

[notme]

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

[piramida]

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.

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 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.

[Serge]

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.

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

*thumb_up*

[StewartJ]

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.

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?

[Technomage]

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.

[StewartJ]

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.