Topic: BTC CRASH 23/03 - page 3. (Read 3080 times)
Crash? This was the last chance to buy at 53! Right now it is back at 65
It's probably just an illegal trick traders use called a "wash trade"
You sell hard to flush people out of their positions and buy back once you reach a target price.
As this exchange in unregulated expect a lot of trader tricks as hedge funds move in.
You sell hard to flush people out of their positions and buy back once you reach a target price.
As this exchange in unregulated expect a lot of trader tricks as hedge funds move in.
I saw this as a great time to buy some discounted Bitcoin. I just spent all my spare money buying bitcoin a few days ago so I wasn't able to take advantage to get more today. As far as day trading, I tried it earlier this month when I thought it was at a temp peak but it didn't go back down as far as I hoped. The difference between my sell price and my re-buy price wasn't big enough to cover the service fees. I am still up overall in terms of how much I have invested and how much it is currently worth, but I would have made more money if I had just held onto it. Even though you can see the top 20 buy and sell orders pending on the exchange I use, it is still difficult to predict if there is going to be a valley big enough to justify selling and rebuying. However, it is a good idea to time your new buys. There are always these little dips every day that if you are patient enough you can take advantage of.
I am kinda hoping for little crash (to 30 USD/BTC or below), so I can buy cheap coins (I really screwed up when they were for 2 bucks each, I bought few at price about 8 usd/btc)
I remember the days when I'd stress about buying BTC @ $12.50, thinking "Damn, that's expensive." Who knows what I'll be saying in a few months time, having not bought any since $40...
I am kinda hoping for little crash (to 30 USD/BTC or below), so I can buy cheap coins (I really screwed up when they were for 2 bucks each, I bought few at price about 8 usd/btc)
Yeah.. if you really think earlier today was a "crash", then I suggest you get out of BTC immediately. Or just use them for currency and not as investment assets.
Agreed mate - Can anyone introduce me to new BTC trading sites ? I always gotta do cash deposits at a bank ( pay 8 points on the deposit too ) .... I live in AUS. I cannot trade it real time when banks are closed. I did panic slightly but woulda loved to purchase at 54AUD where it was at. THanks....
Any luck on localbitcoins.com?
Btw. if you want an excellent example of "crash" or bubble - take a look at this:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1364057378088&chddm=140330&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=Bd1NUdDrC6mrwAPllQE
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1364057378088&chddm=140330&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=Bd1NUdDrC6mrwAPllQE
It is not a crash. It is a bear spanking.
This is hardly a crash 
Agreed mate - Can anyone introduce me to new BTC trading sites ? I always gotta do cash deposits at a bank ( pay 8 points on the deposit too ) .... I live in AUS. I cannot trade it real time when banks are closed. I did panic slightly but woulda loved to purchase at 54AUD where it was at. THanks....
It's definitely not a crash, just wait until after the weekend. Or sell and bring the price down so I can buy more.
LOL, that's not a crash. That's a small, short dip in the exchange. John is right, that was a buying opportunity.
Having a panic attack when the price goes down a bit indicates that you shouldn't keep money in *any* volatile asset.
Shame I couldn't fill up a little bit more this time. :S
Shame I couldn't fill up a little bit more this time. :S
Hey I'm a noob in this.... I bought 300 BTC @ 47AUD, almost had a heart attack but hey I'm a noob and it was a sudden dip. All gravy. Like the stock market, just 1 day won't make much of a difference. Long term, things go up, things go down
This kind of days make me realize how mentally hard is to be a trader of any currency or stocks..
Yes, I can certainly see that. The moment I sold my BTC at $50, the price jumped to $58 almost instantly, which was very frustrating to watch:
http://oi46.tinypic.com/2qk5ugk.jpg
I would probably have been banging my head against a wall if I had been trading thousands of dollars.
Out of curiosity though, does anyone know what the reason for today's temporary price drop was?
Of couse not, you'll never know him.
This kind of days make me realize how mentally hard is to be a trader of any currency or stocks..
OK, another total noob here who's lost a bit of money today (yeah yeah, laugh it up). Woke up today to see the prices plummeting at an alarming rate. Sold at $50, which turned out to be the lowest it got 
, bought back at $58. I know it was stupid of me, but I panicked . It's no big deal, I only lost a couple of bucks, since I'm only trading very low volumes, just to see how it goes.
Out of curiosity though, does anyone know what the reason for today's temporary price drop was?
, bought back at $58. I know it was stupid of me, but I panicked . It's no big deal, I only lost a couple of bucks, since I'm only trading very low volumes, just to see how it goes.Out of curiosity though, does anyone know what the reason for today's temporary price drop was?
last time someone called a crash didn't it go up like 50% overnight
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