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Author Topic: Think of this as a Practice Fire Drill  (Read 1423 times)
StewartJ
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January 18, 2012, 02:53:57 AM
 #1

Now can we all go back inside and start trading again?
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proudhon
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January 18, 2012, 02:56:25 AM
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Now can we all go back inside and start trading again?

Except several people got trampled on our way out of the building.
RyNinDaCleM
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January 18, 2012, 02:57:36 AM
 #3

Just business as usual! (except what's said above ^)

I always expect something like this to happen. I've seen it many times before. Perhaps not of this magnitude though.

Mark Oates
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January 18, 2012, 02:59:53 AM
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It almost brought the whole house down.



Another big sell in those conditions can be catastrophic.
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January 18, 2012, 03:01:38 AM
 #5

Just business as usual! (except what's said above ^)

I always expect something like this to happen. I've seen it many times before. Perhaps not of this magnitude though.

Volume maybe?



Yepp 3rd time I've post it.

"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
StewartJ
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January 18, 2012, 03:10:46 AM
 #6

Maybe we should the take some personal time off for a reflection.

And then return to the trade floor refreshed.
StewartJ
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January 18, 2012, 03:23:35 AM
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Just business as usual! (except what's said above ^)

I always expect something like this to happen. I've seen it many times before. Perhaps not of this magnitude though.

Do you expect this crash to have quite a lingering effect on trading? 
notme
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January 18, 2012, 03:29:25 AM
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Just business as usual! (except what's said above ^)

I always expect something like this to happen. I've seen it many times before. Perhaps not of this magnitude though.

Do you expect this crash to have quite a lingering effect on trading? 

Hopefully it has taught some irrational bulls a lesson.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Mark Oates
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January 18, 2012, 03:43:59 AM
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I don't think there's anything rational going on in the market right now.  Tongue
SlaveInDebt
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January 18, 2012, 03:49:31 AM
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I don't think there's anything rational going on in the market right now.  Tongue


"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
jojo69
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January 18, 2012, 03:57:24 AM
 #11

you guys haven't been trading 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.
Mark Oates
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January 18, 2012, 04:00:41 AM
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Haven't landed an adequate price point yet.  My spreads are very wide.
RyNinDaCleM
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January 18, 2012, 04:38:01 AM
 #13

you guys haven't been trading this?

I am!

Sell @ $7.12
Buy @ $5.25
Sell @ $6.25
Buy @ $5.75
Sell @ ? ? ?

jojo69
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January 18, 2012, 04:50:17 AM
 #14

nice job there poolmate!

I'm running
sell @ $5.78
buy @ $5.27
sell @ $6.80
buy @ $6.30

took a little haircut to get short again at 6.15, then the GF wouldn't clear the terminal and missed that last downspike...I need to be more assertive about my needs

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.
bittenbob
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January 18, 2012, 04:54:45 AM
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Had multiple buy/sell positions and still do in order to accommodate large swings. There were about 10 sells and buys for me leading to a 12% increase in my Bitcoin/USD portfolio.
StewartJ
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January 18, 2012, 04:56:42 AM
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nice job there poolmate!

I'm running
sell @ $5.78
buy @ $5.27
sell @ $6.80
buy @ $6.30

took a little haircut to get short again at 6.15, then the GF wouldn't clear the terminal and missed that last downspike...I need to be more assertive about my needs

Dang!  Kicking some Ace...
StewartJ
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January 18, 2012, 04:57:33 AM
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Looks like some folks thrived on this volatility.
jojo69
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January 18, 2012, 05:22:53 AM
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Dang!  Kicking some Ace...

dumb luck, I assure you

the lag was so bad it was a total crap shoot, my best move, the buy at 5.27, was 20 minutes old and I had long "cancelled" it in disgust when it posted

I rather suspect this is what the operators around the turn of the 19th to the 20th century felt like waiting for the telegraph

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.
chsados
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January 18, 2012, 05:36:01 AM
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I rather suspect this is what the operators around the turn of the 19th to the 20th century felt like waiting for the telegraph

dont you remember 56k on AOL?   Cheesy
RyNinDaCleM
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January 18, 2012, 05:43:33 AM
 #20

nice job there poolmate!

I'm running
sell @ $5.78
buy @ $5.27
sell @ $6.80
buy @ $6.30

took a little haircut to get short again at 6.15, then the GF wouldn't clear the terminal and missed that last downspike...I need to be more assertive about my needs

Nice getting the $6.8 sell in there! I tried, but that was when I had my 20 min lag and said F-it. I ended up just getting rid of them at $6.25 since the depth was so shallow, I was kind of nervous about being all in when any moment could be the aftershock.

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