It's been quite a day for the bears.
http://www.youtube.com/watch?v=uxFIGWm9M6w
Topic: BEAR TRAP :) - page 5. (Read 14100 times)
I guess everyone understands that recent dip has been caused by a manipulation.
Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.
Those who hold their coins, will enjoy notable gains soon.
Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.
Those who hold their coins, will enjoy notable gains soon.
Right, because the rise was clearly not manipulation at alll
bullshit, what do you want a circle of 100 people trading this stuff? The only way it will catch on is if people don't feel like this is a total rip off when they come here.
+1 to not killing noobs for the sake of mass adoption
that's just not how it works tho. it's a nice idea to "save the noobs" but the fact is, they will panic sell and there is money on the table. someone will take it. +1 to not killing noobs for the sake of mass adoption
bullshit, what do you want a circle of 100 people trading this stuff? The only way it will catch on is if people don't feel like this is a total rip off when they come here.
+1 to not killing noobs for the sake of mass adoption
+1 to not killing noobs for the sake of mass adoption
How many potential newcomers have given up on the idea of jumping into bitcoin today ?
All the weak ones. The less panicky types we have trading - the better, so only people who understand that 50% price movements due to low liquidity is normal in the newborn market can trade. Or let me put it this way - only people who actually believe that bitcoin is here to stay can survive daytrading this. Other will be slaughtered sooner or later.
It's unfortunate, but panic sellers have made a lot of us wealthy.
I've got my piece of cake from recent dip too, but I don't think this way of slaughtering of noobs is good for bitcoin economy. It just slows down the adoption.
How many potential newcomers have given up on the idea of jumping into bitcoin today ?
The problem is that there are many n00b traders now with a lot of bitcoins in their possession. Once they see a million bucks in their account, they got ass whooped by their girlie to sell the shit. This is a phase we have to deal with. The 1000+ coins from last night are now shared with others instead of one n00b trader. But there are more of them and they will cash out because a million is still a million. So we need to thin that out before we have a stable coin.
The n00b traders are not problem at all. They help others buy cheap coins. Everybody is happy
It's unfortunate, but panic sellers have made a lot of us wealthy.
The problem is that there are many n00b traders now with a lot of bitcoins in their possession. Once they see a million bucks in their account, they got ass whooped by their girlie to sell the shit. This is a phase we have to deal with. The 1000+ coins from last night are now shared with others instead of one n00b trader. But there are more of them and they will cash out because a million is still a million. So we need to thin that out before we have a stable coin.
The n00b traders are not problem at all. They help others buy cheap coins. Everybody is happy
I guess everyone understands that recent dip has been caused by a manipulation.
Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.
Those who hold their coins, will enjoy notable gains soon.
Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.
Those who hold their coins, will enjoy notable gains soon.
Those who sold their coins @ top and bought new ones @ 400$ will enjoy their notable gains soon.
Lesson:
Buy and Hold or sell on the way up and buy on the way down. Never panic sell!
I guess everyone understands that recent dip has been caused by a manipulation.
Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.
Those who hold their coins, will enjoy notable gains soon.
Those who sold in panic, at least got a costly lesson and hopefully won't repeat it again.
Those who hold their coins, will enjoy notable gains soon.
I'm getting fat from buying dominos gift cards on eGifter.
It looks like things are slowing down a little bit. I suggest we all take a day off and buy some Subway sandwiches with our $700 bitcoins. 
The problem is that there are many n00b traders now with a lot of bitcoins in their possession. Once they see a million bucks in their account, they got ass whooped by their girlie to sell the shit. This is a phase we have to deal with. The 1000+ coins from last night are now shared with others instead of one n00b trader. But there are more of them and they will cash out because a million is still a million. So we need to thin that out before we have a stable coin.
What a lot of angry holders also seem to be missing is that traders provide liquidity to the market. Without traders / market makers placing their limit orders, the price could have collapsed completely.
I am not angry. And yes - this is true to some extent. It all depends on the proportion. I stated right here, few posts before that some amount of speculation can be healthy. The problem is that a/ it's too much of it it seems (judging on prices jumping from 600 up to 750 and back down to 380 again etc within an hour). Way too much panic reactions. b/ exchanges don't seem to be technically ready for this kind of activities c/ often times those rushes seem to be tied to some sort hacker attacks on exchanges. As a result you've got a super volatile commodity
This is the way I see it - I can be wrong of course.
I think it's the other way around, more traders are needed to even out these wild swings. A professional trader doesn't just dump all his coins in one swoop like we saw this morning, this is rookie behavior or a malfunctioning bot.
What a lot of angry holders also seem to be missing is that traders provide liquidity to the market. Without traders / market makers placing their limit orders, the price could have collapsed completely.
I am not angry. And yes - this is true to some extent. It all depends on the proportion. I stated right here, few posts before that some amount of speculation can be healthy. The problem is that a/ it's too much of it it seems (judging on prices jumping from 600 up to 750 and back down to 380 again etc within an hour). Way too much panic reactions. b/ exchanges don't seem to be technically ready for this kind of activities c/ often times those rushes seem to be tied to some sort hacker attacks on exchanges. As a result you've got a super volatile commodity
This is the way I see it - I can be wrong of course.
It's not "dirty games", you knew what you signed up for when you started investing in BTC. Now don't cry that people are willing to take profit from the movements of the market. If you want to gamble by holding BTC (and never ever learning when to sell), that's totally fine with me.
Depends who defines what's dirty. In my standards this kind of trades, where people buy and sell based on short term interest is exactly the reason of the trouble we now have. So to me it's dirty like a ping pong ejected from Obama's ass
What a lot of angry holders also seem to be missing is that traders provide liquidity to the market. Without traders / market makers placing their limit orders, the price could have collapsed completely.
Exactly.
I didn't sell - although fell tempted to at ~$715 (bitstamp) - but thought that I won't add my hand to manipulation. I would have possible made over $1000 in the process but I don't regret it anyway. I just sit back and watch with patience. And try not to buy in into this frenzy. I see a lot of people treat btc more like some 'get-righ-quick' scheme to get more fiat. I'm not participating.
So why did you buy bitcoins then? To not get rich?
No. I don't mind if I get rich (whatever that means according to your standards) in the process, but this is not my motivation to get into bitcoin. To me BTC can be a revolution in money system, and help topple current crony capitalism. If there was a choice between being rich in the current system and being able to help topple current political/economical paradigm I chose the later. I'd rather be poor than live in this destructive, paranoid environment.
I suppose, your question was pointed to all of us, who doesn't participate in such a dirty games.
It's not "dirty games", you knew what you signed up for when you started investing in BTC. Now don't cry that people are willing to take profit from the movements of the market. If you want to gamble by holding BTC (and never ever learning when to sell), that's totally fine with me.
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