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Author Topic: WTF !!!!!  (Read 1998 times)
StewartJ
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January 18, 2012, 01:30:38 AM
 #1

Are we being punked? What gives with crash to $4 and spike to $7?

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SlaveInDebt
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January 18, 2012, 01:31:04 AM
 #2

BUY BUY BUY BUY BUY!

"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
Oldminer
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January 18, 2012, 01:31:17 AM
 #3

Its called 'profit taking'.

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cypherdoc
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January 18, 2012, 01:32:20 AM
 #4

i seriously doubt there are any ppl making any money with this volatility and illiquidity on the exchanges. 
waspoza
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January 18, 2012, 01:33:41 AM
 #5

Well ppl said that bouncing between 6,5 -7,2 is boring, so now we have some fun in the market.
Blitz­
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January 18, 2012, 01:36:36 AM
 #6

i seriously doubt there are any ppl making any money with this volatility and illiquidity on the exchanges. 
Oh, zhoutong most certainly is! The bank always wins!

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
GeniuSxBoY
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January 18, 2012, 01:37:43 AM
 #7

I wonder if mtgox rolled back the huge sell order somehow.
antoineph
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January 18, 2012, 01:37:52 AM
 #8

I managed to make some BTC at least.. I think the major losers are bitcoinica users.
bitcoinBull
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January 18, 2012, 01:39:32 AM
 #9

i seriously doubt there are any ppl making any money with this volatility and illiquidity on the exchanges. 
Oh, zhoutong most certainly is! The bank always wins!

Also mtgox market makers / bots.  For them, nothing better than large spreads.

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gewure
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January 18, 2012, 01:39:41 AM
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cypherdoc
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January 18, 2012, 01:40:37 AM
 #11

i seriously doubt there are any ppl making any money with this volatility and illiquidity on the exchanges. 
Oh, zhoutong most certainly is! The bank always wins!

i really wonder about this.  whenever he liquidates someone it means their acct moved into negative territory and HE has to take the loss in those situations where he had to provide liquidity from his reserves when there was no matching order to be found.

multiply this over many accts both up and down in this huge whipsaw and he could get wiped out, i think.
bittenbob
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January 18, 2012, 01:41:12 AM
 #12

I managed to make both BTC and USD. You just had to be in the right position and patient.
GeniuSxBoY
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January 18, 2012, 01:41:25 AM
 #13

I only lost  $170 compared to the $1400 I would have lost when it was $4.80 and potentially fallen even farther.


optimism glass is half full/half empty
bittenbob
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January 18, 2012, 01:42:59 AM
 #14

i seriously doubt there are any ppl making any money with this volatility and illiquidity on the exchanges. 
Oh, zhoutong most certainly is! The bank always wins!

i really wonder about this.  whenever he liquidates someone it means their acct moved into negative territory and HE has to take the loss in those situations where he had to provide liquidity from his reserves when there was no matching order to be found.

multiply this over many accts both up and down in this huge whipsaw and he could get wiped out, i think.

He wouldnt have lost a dime. He made a fortune I am sure. The shorts and the longs all got liquidated= pure profit. It is for this reason I question his integrity and wonder if he is the one moving the market with his now large collection of USD and BTC. He certainly has the means to do this unlike anyone else.
Luis_GT
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January 18, 2012, 01:43:24 AM
 #15

Come on 4.9!!! need to rebuy some bitcoins cheap! Grin
StewartJ
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January 18, 2012, 01:47:10 AM
 #16

I only lost  $170 compared to the $1400 I would have lost when it was $4.80 and potentially fallen even farther.


optimism glass is half full/half empty

Lucky on that one!
bitcoinBull
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January 18, 2012, 01:50:49 AM
 #17

i seriously doubt there are any ppl making any money with this volatility and illiquidity on the exchanges. 
Oh, zhoutong most certainly is! The bank always wins!

i really wonder about this.  whenever he liquidates someone it means their acct moved into negative territory and HE has to take the loss in those situations where he had to provide liquidity from his reserves when there was no matching order to be found.

multiply this over many accts both up and down in this huge whipsaw and he could get wiped out, i think.

He wouldnt have lost a dime. He made a fortune I am sure. The shorts and the longs all got liquidated= pure profit. It is for this reason I question his integrity and wonder if he is the one moving the market with his now large collection of USD and BTC. He certainly has the means to do this unlike anyone else.

Most is probably not his profit; it goes to the people with profitable positions.  The ones with deep enough pockets / big margin maintenance, who can survive the spikes.  Hard to know to what extent zhou can profit off the spread, beyond his commission.

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RyNinDaCleM
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January 18, 2012, 03:13:29 PM
 #18

I managed to make both BTC and USD. You just had to be in the right position and patient.

This^

I fared pretty well too! Up about (censored).   Tongue

Patients is a virtue!
I figured out early yesterday that I was on the wrong side. So I waited, and got opposite the movements, and had my personal best day here.
I'm sure it was more luck than anything. Roll Eyes
I was going all in/out during the madness. I'm a glutton for risk I guess. Yet, I stay away from leverage!

piramida
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January 18, 2012, 10:07:00 PM
 #19

made about 100 btc, when I saw 6.20 broken down I sold all and set buy orders at 5.50 and 5, didn't know it would fall even further, but anyway, easy coin and I helped stop this spike down a little, too Smiley

i am satoshi
RyNinDaCleM
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January 18, 2012, 11:40:14 PM
 #20

made about 100 btc, when I saw 6.20 broken down I sold all and set buy orders at 5.50 and 5, didn't know it would fall even further, but anyway, easy coin and I helped stop this spike down a little, too Smiley

See? It's people like us who prevented a total collapse by forced liquidation.  Wink
We, as speculators, cushion the swings. It's stupid people with brilliant ideas ( Roll Eyes) that cause them, and bitcoinica that amplifies them.

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