Crash!!!!

[Bjork]

Went back up to $8.50.  Good chance to sell imo, I think we're going back down

[Raoul Duke]

IT'S A TRAP!

[MrTeal]

1. Dump 40k btc in market you "stole" from Bitcoinica
2. People panic dropping the price further.
3. Buy back 50k btc of new untainted coins
4. 
5. Laugh.
6. Profit.

FTFY

[cloon]

why do so many ppl think uptrend is finish only cause 1 crazy guy sold a few bitcoins?
spirit is havily bullish, prize still over 7.2, uptrend is intact
bears spreding fear like shit.

build triangle and go up futher?
or do you all really think we'll decrease now back to lower lvl like 5-6$???
(not asking proudhon, cause i know his opinion)

[Steve]

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. 
5. Repeat.
6. Profit.

Just one problem…it depends on being able to gin up panic in a short amount of time and inducing people to act on it…the risk is that you end up taking out a lot of the buy side of the over book, but the asks don't fill in behind you…and if you're one of the lucky ones that happened to buy right as the selling was abating for a $1 discount, you'll find it rather easy to flip that into a $1 profit because people still need to buy bitcoins.  Same dynamic works in the opposite direction as well.

Whoever it was that was selling was probably just doing it for the lulz rather than to actually make money.

[finkleshnorts]

this is heavy bull. These bouncebacks are incredible. People want coins.

[Steve]

this is heavy bull. These bouncebacks are incredible. People want coins.

It's really not so much a bounce back as it is one guy deciding to jump off a cliff and nobody following.

[Yuhfhrh]

this is heavy bull. These bouncebacks are incredible. People want coins.

It's really not so much a bounce back as it is one guy deciding to jump off a cliff and nobody following.

Lol EXACTLY! +10

[Tomatocage]

We've crashed from 4.8X up to 8.5! Keep on crashing, baby!!!

[molecular]

this is heavy bull. These bouncebacks are incredible. People want coins.

It's really not so much a bounce back as it is one guy deciding to jump off a cliff and nobody following.

lol! possibly accurate analysis. Maybe for this one guy the alternative is being flattened by a steam roller, so he decides to try to jump off cliff and tells everyone on irc hoping for a sell panic.

[cloon]

look at intersangoEUR
someone big just bought few Bitcoins

http://bitcoincharts.com/charts/intrsngEUR#rg10zigHourlyztgSzm1g10zm2g25zxzi1gMACDzi2gBBWzi3gMomentumzi4gRSIzvzpszl

[adamstgBit]

sell bitcoin and load more money in

Crash coming to an exchange near you!

 

[Serge]

sell bitcoin and load more money in

Crash coming to an exchange near you!

 

buy now while still can get sub $10 :p

[adamstgBit]

sell bitcoin and load more money in

Crash coming to an exchange near you!

 

buy now while still can get sub $10 :p

no
load more money in
sell your bitcoin
get some sub 8 coins b4 the bubble 

 

[adamstgBit]

I used my time machine again ...



 

[Tannke]

I used my time machine again ...



 

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius! 

[adamstgBit]

I used my time machine again ...



 

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  

its not a loop

this time around, we aren't going to drop as much

there wont be a crazy long squeeze like last time ..... just alot of dumps 

[Cranky4u]

I used my time machine again ...



 

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  

its not a loop

this time around, we aren't going to drop as much

there wont be a crazy long squeeze like last time ..... just alot of dumps 

so the shit (dump) is really gonna fly this time....dumps all round perhaps?

[adamstgBit]

I used my time machine again ...



 

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  

its not a loop

this time around, we aren't going to drop as much

there wont be a crazy long squeeze like last time ..... just alot of dumps 

so the shit (dump) is really gonna fly this time....dumps all round perhaps?

Maybe... sell you bitcoins now

[muyuu]

This thing keeps on crashing upwards.