Crash!!!!

[proudhon]

Quick, everyone do the same thing!

[proudhon]

Remember that orderbook flipping I talked about a day or two ago...

[cloon]

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

[proudhon]

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

[disclaimer201]

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

[HorseRider]

Remember that orderbook flipping I talked about a day or two ago...

Bitcoin trading has been different than before. If there is going to be some crash( and I think will), the drawdown will be quite smaller than before.

[proudhon]

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Did I say that?

[Spekulatius]

A question that time and time again crosses my mind:
Does the volume on bitcoincharts.com actually reflect only one side or both sides of a trade?

Lets say I sell 10 BTC to you and you buy it from me, does it reflect on the charts as a volume of 10 or 20 BTC?

[Serge]

one side is BTC another USD or other currency, so each trade registers BTC/USD,etc volume; if you trade 10 BTC it's 10 BTC plus whatever other currency was used that make up volume

[Spekulatius]

Hmm that sounds even better then what I thought of!

But it still ocurrs to me that they always display more volume then has actually been traded. Just watch any big moves for 1 hour and afterwards compare your results with bitcoincharts.com. When for example a big wall of X BTC gets eaten, it displays 2times that amount on bitcoincharts.

[waspoza]

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?

[Tomatocage]

lol, we r goin down!
Next stop: 6.20-6.30$

lol holy shit the last time I checked (maybe a couple weeks ago?) we were at $4.9X.  If $6.20-6.30 is considered ”down” now, then I hope we crash and burn lol

[HorseRider]

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?

+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!

[proudhon]

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?

+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!

So that's why the economy is in trouble.

[HorseRider]

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?

+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!

So that's why the economy is in trouble.

No, it's not because the hoarding that the economy is in trouble. "Hoarding" means people treat the capital, behind which there are economy resourses,  in a very serious way. Over consumption, over debt leverage and over stock investment is source of today's economy trouble. Economy resources have been wasted.  If there are more people "hoard", the economy resourse will only be put where value is created.

What I am doubting with, is not the "hoarding is a problem", but whether bitcoin will really make people
"hoarding" the money? People put money into the Pirate40 HIY program and other ponzi schemes in the bitcoin economy, are people really hoarding the money?  I don't think so.

[proudhon]

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?

+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!

So that's why the economy is in trouble.

No, it's not because the hoarding that the economy is in trouble. "Hoarding" means people treat the capital, behind which there are economy resourses,  in a very serious way. Over consumption, over debt leverage and over stock investment is source of today's economy trouble. Economy resources have been wasted.  If there are more people "hoard", the economy resourse will only be put where value is created.

What I am doubting with, is not the "hoarding is a problem", but whether bitcoin will really make people
"hoarding" the money? People put money into the Pirate40 HIY program and other ponzi schemes in the bitcoin economy, are people really hoarding the money?  I don't think so.

I was just kidding, BTW.

[Spekulatius]

OH SHIT! I just discovered, that I had all my funds sitting at Gox in BTC! Luckily converted them for a "good" price back to USD.
Alright, Im set. LET THE CRASHING BEGIN!!!

[HorseRider]

The market now is starting some turbulence. it will be a very small wave during the bitcoin history, but I think 10% profit is huge for every Spekulatius.

If someone can just avoid half of the largest 20 crashes in the history, he will be 1288x richer than he always hold the bitcoin.

[thezerg]

just don't miss the 20 largest rises...

[HorseRider]

just don't miss the 20 largest rises...

a 50% crash needs a 100% rises to cover. and most of the rise where completed in several days, which make people jump on the train easier than jump off the crash.