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Author Topic: Crash!!!!  (Read 32201 times)
Jointops420
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July 20, 2012, 02:24:21 AM
 #161

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
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adamstgBit
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July 20, 2012, 02:45:14 AM
 #162

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




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July 20, 2012, 02:53:39 AM
 #163

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!
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July 20, 2012, 03:03:45 AM
 #164

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!

Some people don't want to buy things today with bitcoins; they just want to buy bitcoins for the same reasons they want to buy gold.

http://elbitcoin.org - Bitcoin en español
http://mercadobitcoin.com - MercadoBitcoin
Jointops420
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July 20, 2012, 03:03:55 AM
 #165

I am hoping someone with deep pockets will buy those obviously false asks, if I had just done that huge dump, I would then buy those asks if they of course were not mine without hesitation. Much more BTC in wallet than two hours ago.
ElectricMucus
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July 20, 2012, 03:57:34 AM
 #166

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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July 20, 2012, 04:00:13 AM
 #167

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!

I agree, that is some real BS. Preying on the bitcoin nerds, eager to buy anything with their precious coins.

If I had a product to sell (should by November), BTC price would get a discount. I want that shiny digital stuff
adamstgBit
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July 20, 2012, 04:14:43 AM
 #168

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

honestly
everyone how isn't with pirate should Refuse to buy above 6.50

Owned


adamstgBit
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July 20, 2012, 04:21:47 AM
 #169

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

honestly
everyone how isn't with pirate should Refuse to buy above 6.50

Owned

but manipulated or not the market will do what it does best

adamstgBit
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July 20, 2012, 04:59:43 AM
 #170

I havn't downloaded anything in months but I never ever got a threat letter. Don't you use peerblock, or use any other ways to prevent them watching.
Huh

lol?

bitcoinBull
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July 20, 2012, 05:26:12 AM
 #171

The uptrend is strong because it's coming off months of sideways movement at $5. For the same reason, corrections in this uptrend will not be nearly as severe as the correction in Jan/Feb from $7.2 (right now, $7.5 is about right in the middle of the bollinger band).

Remember, the uptrend started at $2 in November, and all the sideways movement at $5 was a momentum build-up. Why would price retreat from $9, just to go back to $5? Unless this isn't a true uptrend but just an upward volatility burst.

But I don't think so, all the indicators confirm the upward trend. We'll bounce off $7.x (old resistance becomes new support) and grind against $9.x until most likely breaking $10, continuing the retracement of the correction from $30.

$9 profit-takers will probably be lucky to add to their positions buying under $8. Panic-sellers in the $7's will probably suffer some losses.

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smoothie
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July 20, 2012, 05:31:25 AM
 #172

The uptrend is strong because it's coming off months of sideways movement at $5. For the same reason, corrections in this uptrend will not be nearly as severe as the correction in Jan/Feb from $7.2 (right now, $7.5 is about right in the middle of the bollinger band).

Remember, the uptrend started at $2 in November, and all the sideways movement at $5 was a momentum build-up. Why would price retreat from $9, just to go back to $5? Unless this isn't a true uptrend but just an upward volatility burst.

But I don't think so, all the indicators confirm the upward trend. We'll bounce off $7.x (old resistance becomes new support) and grind against $9.x until most likely breaking $10, continuing the retracement of the correction from $30.

$9 profit-takers will probably be lucky to add to their positions buying under $8. Panic-sellers in the $7's will probably suffer some losses.

+1

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mccorvic
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July 20, 2012, 05:33:24 AM
 #173

Come on bears, this the best you got?

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dooglus
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July 20, 2012, 06:03:03 AM
 #174

Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.

ElectricMucus
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July 20, 2012, 06:06:36 AM
 #175

Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.
lol

priceless

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
kwukduck
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July 20, 2012, 06:08:33 AM
 #176

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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July 20, 2012, 06:27:43 AM
 #177

Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.

I dunno, it's not Monday.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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July 20, 2012, 10:16:56 AM
 #178

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

Seems to be working for whoever is doing it and I say good.
I hope she/he knocks all bots and panic buyers/sellers out of the market for awhile so we can resume a nice steady (and slow) climb.

I can see whats going to happen though, if they keep up these regular shenanigans a bigger shark is going to come along and catch them mid game with their pants down.

My advice, enjoy this show from the sidelines and let the sharks fight it out.

disclaimer201
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July 20, 2012, 11:24:07 AM
 #179

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

Seems to be working for whoever is doing it and I say good.
I hope she/he knocks all bots and panic buyers/sellers out of the market for awhile so we can resume a nice steady (and slow) climb.

I can see whats going to happen though, if they keep up these regular shenanigans a bigger shark is going to come along and catch them mid game with their pants down.

My advice, enjoy this show from the sidelines and let the sharks fight it out.

That would be so funny if someone just dumped 100k in the middle of the next pump. Game over.

Steve
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July 20, 2012, 01:53:47 PM
 #180

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

Seems to be working for whoever is doing it and I say good.
I hope she/he knocks all bots and panic buyers/sellers out of the market for awhile so we can resume a nice steady (and slow) climb.

I can see whats going to happen though, if they keep up these regular shenanigans a bigger shark is going to come along and catch them mid game with their pants down.

My advice, enjoy this show from the sidelines and let the sharks fight it out.

That would be so funny if someone just dumped 100k in the middle of the next pump. Game over.
Uhhh…isn't that exactly what happened last night???  It appears to me like there were right around 100k coins dumped in the span of a few minutes.

A few days ago someone entered the market with some strong buying…maybe it's the same person that was selling…they could have been trying to get the market running in order to profit from some weak buyers paying up for coins.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
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