Topic: ARGHHHHH!!!! Bitcoin going through floor (Read 4150 times)

Actually, my mood is strange. Now that I am on route to make an absolute fucking killing, the utter hair-brained bullshit paradigms and ridicule from the Bitcoin Nutters on here is totally irrelevant.

Although I am winning big time, I have a strange negative feeling coming over me, as though I were a thief. For every winner in a bear market there must afterall be so many more losers.......

.......I am sure I will get over it soon enough but I am no longer in the mood for gloating.

Don't get worked up with people like him. He obviously is sitting on a lot of coins he bought for single digits. Of course he is going to get pissed when he sees his profits going down because he was greedy and probably like those pinheads who think we will be at 10K in a few months. He had his chances to sell above $1000 for a long time. 

Now is the time for everybody to be a bitcoin holder, even if you missed the boat to $1000.

LOL.

I will be sure to PM u a screenshot of my leveraged short position profits u fkn bellend.

You're almost as f*cking annoying as Edward50.  You best join him on my ignore list.

I don't know a single thing I could buy with any other coin except Bitcoin.

Bitcoin is by far the biggest fish in the pond. It would take some kind of technical issue for one of the other coins to do a coup over Bitcoin.

On the otherhand, if Bitcoin fails on economic grounds alone, all the rest of those bullshit coins go down as well. This is how it is, at least for the time being.

But don't you see a pattern emerging? The market is shifting to coins that are real players, it may not last but it feels like something is going to breakout huge, and its not Bitcoin.

All other coins are at this point in time bullshit.

I don't care if some people are able to make massive profits speculating with them. Some people also got rich investing in Bernie Madoff.

well done Matt you may have been right about the short. it looks bearish.
but dont you wish you had waited a few more days without all the stress? picking tops is a futile game eh?

Bitcoin is dangerous, hot altcoins is where the money is at. EAC, Lotto, Moon, Cat, Doge, Federal all smoking. Just gotta be in the right coins at the right time.

Go and look at Huobi chart.

It is looking bad. Really bad (or good if you are short like I am).

Going through floor?

Which floor? Penthouse floor?

I see the same range as the last few weeks.

Seems more like deluded bear wishful thinking. Sorry kids, it's not all a Pollyanna sunshine-and-lollipops less-than-$300-per-bitcoin dream world. Reality has its own center of gravity.

Hmm, so bitcoin is slow, too bad there is not a better way.  Im switching to Scharmbeck, because speed matters.

Make sure you hold in there and don't panic cover.

Bitcoin has been nothing but weak the last few weeks, I have kept my money out of the market and knew that we will eventually go lower. Even though I wondered about it going higher with the rallies I just do not see the demand there for expensive bitcoins.

Hold in there, but you were better to have shorted at the last rally when it went high $800's, rather then shorting when it is finally falling. You still have too many people thinking you can make a quick buck and they keep buying. That should not last long and they will all get burnt.

Many times.....

Have a  leveraged 30 BTC short just now and sitting back watching Huobi go manic depressive with a big cheesey grin on my face.

Doubt the whales and their bots will be able to contain a big apeshit down move in China. They are crashing through vital supports in as violent waterfall moves as I have seen in some time.

This could be a big drop.

MattheCat,

Did you ever get your short in? I told you to short the next rally and it is guaranteed to fall. Hope you shorted and that recent rally didn't scare you off.

It will be a slow grind lower because you have too many pin heads thinking we are going to 10K in a few months. They will realize just how little demand is for bitcoins at prices above $500.

I am convinced that much of the 'trade' is from bots looking to lure capital in with 'bait'.

Before the whole idea of shorting on Bitfinex registered with me (wish it had sooner, I would have made a packet by now), I liked to try and play the small bounces. What I find however, is that whilst I would be allowed to buy in when a significant Bid wall was hit, trying to sell at the Ask wall was a different matter. The very moment that I would instigate a sell order, within a split second a specific amount of coin would be sold for 1 penny cheaper. I try to play the same trick, but as soon as I refresh, once again I am being underbid by one penny. As the past few days progressed, it was getting tighter and tighter to actually sell at a highish point on the bounce. On my last small bounce trade, the only way that I could sell my coins (about 20) was to sell well below the spot price in order to get rid of them (i.e. at a price which the bots' algorithms won't instantly undercut). After exchange fees, I came away with $20 profit, and that was on a $15K trade with on the face of it, perfect timing on a $30 bounce.......except the bots would not let me sell at their artificially created 'high'.

I am sure a few genuine human traders managed to scrape a penny or two together on the high volume 765-810 bounce, but now that things are tightening to another turgid bog down, I aint even going to attempt to day trade here. Only the bots are allowed to scrape the margins that are seemingly for the taking, and I can't compete with bots.

I am thinking about shorting also. It is the better gamble right now in my opinion. I already sold all my bitcoins at around $820 to $840 last week, but why wait for the price to fall back to sustainable levels when you can make money along the way.


The rally stalled like expected and did not rally that much higher like also expected. It will not rally as high anymore because people are not stupid to keep buying into these rallies. People realize that the price will not rally that high anymore, so why keep buying into them if the price just keeps making new lows.

I don't have any coins.

All USD just now and yep, I totally missed out on the rather obvious bounce from 765 cos I was in freak out mode about having a big load of coins in blockchain transit at that point in time.

Whenever I get wound up or emotionally involved with Bitcoin, I generally don't play my cards very well.

So when you started this thread you were completely panicking and wanted to short the crap out of bitcoin, and now suddenly you feel perfectly fine holding on to your coins? You must be moving in and out of coins like 30 times a day with these bipolar mood swings lol.

Not short sold yet, don't think I will either...I see another day or two of trending and possibly upwards trending after the bounce back from plummet to the support at 765.

....but holy Kahru, there is a long way down from here! There will be shorting opportunities yet.

So where did you sell at? We're almost at $810 again @ Bitstamp.

we have already bounced back haven't we?
there will to be blood this weekend

MatTheCat you remind me of this guy

I would wait for the next rally to stall and then short, guaranteed to keep going lower.

I just do not understand why people keep buying at every low when it is obvious that the price is going to go much lower.

These mini rallies will become less and less profitable as people will not be as stupid to fall for them.

I lost about $60 in the end and now have my BTC converted to USD on Bitfinex in anticipation of taking a short position.

Caught "without your shorts down" in this instance!  Ha ha ... he he.. ho ho ho!!!  LOL!

http://www.hkma.gov.hk/eng/other-information/pws-faq/banking-stability.shtml


I won't bother to look up the exact laws, but I had the homework done on that back when I researched it, so yes, they do have usury laws.

I don't think HK has any usury laws

Lol 

Good please short those btc on big leverage so the whales know to go long and squeeze you out.

This seem like a bounce to you?

Bitfinex could be illegal in Hong Kong because interest rates >60% p.a. are forbidden. I considered using them as a dirty fiat savings account, but decided against it for this reason.

Also, I would never short Bitcoin or play it on any sort of leverage.

lol

Not really, I only lost 150 or so bitcoins with bitcoinica, but now it doesn't matter anyway since they won't be worth much come the end of 2014 and I wouldn't have had time to manage them anyway.  Anyone paying attention to all the confirmed facts and sources, especially in Chinese and Russian would know the right thing to do - SHOTR!  SHOTR on any platform you can find to do it, and do it at the maximum margin levels.

I'm ok with this. More fiat near end of the month.

turns out I am fucking shorting myself...

a 45 minute wait is no fkn good on something that evaporates value like Bitcoin...

Very very frustrating.....this better not be one of those Bitcoin transactions that goes 25 confirmations before landing, otherwise I will be sweating blood.

seriously using any bitcoinica style bitcoin trading platform is a reckless financial decision.

Don't listen to Mucus, he just wants all the short positions to himself.

"they see him shortin', they hatin'"

don't fucking short bitcoins you idiots.

Too late to short now it could bounce then go to 600 . Time to short was $850-900 as I warned 3 days ago

well, I only started paying attention just now....already 100 USD under water and on just 2 fkn confirmations.

fucking intolerable....especially since I know NOT TO FKN TOUCH BITCOIN.

I told you about shorting a few days ago.

whilst I am awaiting 9 BTC transfer over to Bitfinex in order to turn to usd in order to take short position.

Breaking my fucking balls man.


FUCKING HURRY THE FK UP BITCOIN BLOCKCHAIN PIECE OF SHITE