zOMG SellOff!

[bitcoinbear]

And not so surprisingly, there is an almost identical thread started today! Why do people keep starting the exact same thread over and over again?

"Hey, the price moved, what could it be?"
"Nobody knows."

The only exception was one time somebody posted "Why did the price just plummet?"  and everybody was like "Didn't you hear, Pirate just shut down his ponzi scheme."

[molecular]

it's been half a year since this post:

hardly been half a year since then. bitcoin is so bullish

let's see if we can manage to necro this thread once again in 6 months

we'll insult each other for a bit and then affirm that the market has been amazingly bullish.

we should do this twice a year, I think.

so hey smoothie you fucktwit, hasn't the market been amazingly bullish?

15K BTC sold from ~$5.14 to ~$4.99.

As I'm posting, the spread is so big that it actually bounced back up to $5.14 afterwards.

LOL wow a whole 15 cent spread.

hahahahaha this is funny in hind sight.

wtf, smoothie? necroposting like that is pretty low, dude. Noone notice you any more? Maybe your ignore-score is the problem.

apart from that: you have a very good point: in bitcoin, as in any other bull market, the best strategy is to hold you position on the way up.

So in the 6 months from April 2012 to November 2012 bitcoin went from $5 to $10 (+100%) and we freaked out about it. From November 2012 to Mai 2013 it went from $10 to $90 (+900%).

I'd say the bolded part above was a good suggestion... the market got even more bullish while reading smoothies posts became more pleasent in general.

amazing times.

[SAQ]

in 6 months, 1000? Impossible!

Well that said that only puts a market cap of 11 billion on bitcoin.

[bitcon]

why didnt you resurrect this post when the price was at $260 instead?

[420]

tug tug on molecular ego

[jpdoctor]

15K BTC sold from ~$5.14 to ~$4.99.

By a strange coincidence, 15K BTC bought at exactly the same time!!  It's almost like there's a conservation principle!?

[seldon]

15K BTC sold from ~$5.14 to ~$4.99.

By a strange coincidence, 15K BTC bought at exactly the same time!!  It's almost like there's a conservation principle!?

So waiting 1 year would have given you 1,350,000$ more - or 3,915,000$ with really good timing.

Makes you think about daytrading, doesn't it?

[molecular]

15K BTC sold from ~$5.14 to ~$4.99.

By a strange coincidence, 15K BTC bought at exactly the same time!!  It's almost like there's a conservation principle!?

So waiting 1 year would have given you 1,350,000$ more - or 3,915,000$ with really good timing.

Makes you think about daytrading, doesn't it?

yeah, well actually for me it looks like it's going to be "screw daytrading". You have to do it right (which takes a lot of devotion) to beat the simple "hold" strategy. "Hold" requires no devotion or time which is then free for other things.

[Zaih]

Funny to see how people would make a big deal about that volume This is just an hourly occurrence now haha.

[nobbynobbynoob]

in 6 months, 1000? Impossible!

Well that said that only puts a market cap of 11 billion on bitcoin.

I'm quite conservative so I'll allow 18 months for mBTC-dollar parity.

[smoothie]

15K BTC sold from ~$5.14 to ~$4.99.

As I'm posting, the spread is so big that it actually bounced back up to $5.14 afterwards.

zOMG guys we moved a whole 15 cents! 

[molecular]

15K BTC sold from ~$5.14 to ~$4.99.

As I'm posting, the spread is so big that it actually bounced back up to $5.14 afterwards.

zOMG guys we moved a whole 15 cents! 

actually 15 cents was 3% back then. Equivalent would be 3$ at todays prices.