keewee
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Activity: 1025
Merit: 1000
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April 16, 2013, 02:43:41 AM |
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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humanitee
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April 16, 2013, 02:45:15 AM |
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LOL
This is pretty brutal!
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Fast, Secure, and Fully
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dree12
Legendary
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Activity: 1246
Merit: 1077
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April 16, 2013, 02:47:18 AM |
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A series of big sells and now we're under 70. This bubble still has some popping left in it (likely to $40 or below), but if we're lucky we can get it over with this month and start the recovery.
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justusranvier
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Activity: 1400
Merit: 1009
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April 16, 2013, 02:48:52 AM |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
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keewee
Legendary
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Activity: 1025
Merit: 1000
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April 16, 2013, 02:50:10 AM |
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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keewee
Legendary
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Activity: 1025
Merit: 1000
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April 16, 2013, 02:51:10 AM |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
Not sure if it was 9000, but it was a shitload  |
1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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humanitee
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April 16, 2013, 02:52:58 AM |
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16k in the past 15 minutes.
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
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keewee
Legendary
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Activity: 1025
Merit: 1000
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April 16, 2013, 02:53:58 AM |
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1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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dree12
Legendary
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Activity: 1246
Merit: 1077
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April 16, 2013, 02:54:15 AM |
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Bubbles happen both up and down. If this mass selling continues, we may as well see a reverse pop.
April is now deeply in the red thanks to the past few days.
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fitty
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April 16, 2013, 02:55:16 AM |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
Not sure if it was 9000, but it was a shitload The only reason you dump that many coins at once is to drive the price down so you can re-buy at a lower price point. Someone with that many coins, isn't "panic selling". It will probably spike back up and the process continues. =) |
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dree12
Legendary
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Activity: 1246
Merit: 1077
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April 16, 2013, 02:57:24 AM |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
Not sure if it was 9000, but it was a shitload The only reason you dump that many coins at once is to drive the price down so you can re-buy at a lower price point. Someone with that many coins, isn't "panic selling". It will probably spike back up and the process continues. =) The other reason is that dumping the coins slowly would allow the price to go down, possibly costing more than it's worth. The big bidwalls are making panic selling easier. |
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mike938
Newbie
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Activity: 18
Merit: 0
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April 16, 2013, 02:57:43 AM |
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400+ bought at $72 just now
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dree12
Legendary
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Activity: 1246
Merit: 1077
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April 16, 2013, 02:58:54 AM |
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400+ bought at $72 just now
Coming up: 4000 sold at $62. |
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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April 16, 2013, 03:01:48 AM |
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Sell while you can  Buying all your coins at 10-20$ |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 16, 2013, 03:02:17 AM |
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can't believe btc-e went down now, just can't believe.. aaaaaaargggghhh
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fitty
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April 16, 2013, 03:06:28 AM |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
Not sure if it was 9000, but it was a shitload The only reason you dump that many coins at once is to drive the price down so you can re-buy at a lower price point. Someone with that many coins, isn't "panic selling". It will probably spike back up and the process continues. =) The other reason is that dumping the coins slowly would allow the price to go down, possibly costing more than it's worth. The big bidwalls are making panic selling easier. Agreed. There's been a bunch of 3-4K coin dumps today. I find it hard to believe it's a whole bunch of big investors panic selling. If you wanted to force the price lower, 3-4K sells pushing the price down quickly, suckering in panic sellers, is pretty much the way to do it. |
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just1nmc
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April 16, 2013, 03:12:57 AM |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
Not sure if it was 9000, but it was a shitload The only reason you dump that many coins at once is to drive the price down so you can re-buy at a lower price point. Someone with that many coins, isn't "panic selling". It will probably spike back up and the process continues. =) The other reason is that dumping the coins slowly would allow the price to go down, possibly costing more than it's worth. The big bidwalls are making panic selling easier. Agreed. There's been a bunch of 3-4K coin dumps today. I find it hard to believe it's a whole bunch of big investors panic selling. If you wanted to force the price lower, 3-4K sells pushing the price down quickly, suckering in panic sellers, is pretty much the way to do it. There's also quite a few people who aren't big investors, but also have that many coins. Someone on reddit hit over $1 million a couple weeks ago, with a fairly small initial investment. They planned on cashing out slowly. Seeing a crash like this could easily lead someone to selling it all off at once. |
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ineededausername
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April 16, 2013, 03:14:08 AM |
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Is there some bad news I'm unaware of, that would make it rational to move down 30% in a day?
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(BFL)^2 < 0
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 16, 2013, 03:14:15 AM |
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I'm an idiot.  I got the buy and sell mixed up and sold at 66 instead of bought and brought at 70 instead of sold >.< |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 16, 2013, 03:14:52 AM |
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Is there some bad news I'm unaware of, that would make it rational to move down 30% in a day?
there was bombing attack in Boston though I think it started to dip earlier |
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