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Topic: Come hell or high water, I'm holding (Read 4981 times)

member
Activity: 112
Merit: 10
August 11, 2011, 08:22:56 AM
#60
Well... I'm glad I braved it out and didn't sell. I could have participated in the panic, but I didn't. Now I'll just continue to sit here and wait. If I find I need something, I'll go buy it with Bitcoins. However, I don't think I'll be selling on the exchange in the near future.

Good for you, but you just as well could've picked up the free money, selling at 14 and buying back at 7.

Indeed, but then I would have actually had to watch the market, worry, stress, and wonder. Instead, I just said screw it, wrote it off as a possible loss, and enjoyed the weekend. Going long is so much easier Smiley
legendary
Activity: 1176
Merit: 1010
Borsche
August 11, 2011, 01:09:00 AM
#59
Well... I'm glad I braved it out and didn't sell. I could have participated in the panic, but I didn't. Now I'll just continue to sit here and wait. If I find I need something, I'll go buy it with Bitcoins. However, I don't think I'll be selling on the exchange in the near future.

Good for you, but you just as well could've picked up the free money, selling at 14 and buying back at 7.
member
Activity: 112
Merit: 10
August 10, 2011, 07:24:01 PM
#58
Well... I'm glad I braved it out and didn't sell. I could have participated in the panic, but I didn't. Now I'll just continue to sit here and wait. If I find I need something, I'll go buy it with Bitcoins. However, I don't think I'll be selling on the exchange in the near future.
legendary
Activity: 1792
Merit: 1047
August 08, 2011, 11:24:47 PM
#57
btc's just rebounded to about 9
im happy:)

Did you just jinx it? looks like it went from 8.7 to 7.1 or so in minutes.

What an amazing chart!


First, somebody bought up $7.5 to $8.5 (spending about $50k USD) and then put a $40k bid wall for 5k BTC at $8.5.

A seller called that bluff, and sold through the wall (about $40k worth of BTC), pushing the price down to ~$7.12.  Now there's very little depth between $7.1 and $8.5.

The players in this game have over $100k to play with.  Little guys are just dust in the wind.

Just happened again.  In the thin volume, a bull put up a wall at 7.7 with a bid for $40k.  A seller sold through the wall, pushing price down to 7.05.  The sell was almost 9k BTC.

You know the big trades are individual players because they are volume spikes on the 1-minute chart.


They pulled this maneuver once again but with a little bit more creativity Smiley

Unlike last night attempt at pump and dump with an obvious wall. Tonight's not only did they make the large purchase at once.

They moved the "staggered buy wall" by (6 to 6.5, 6.5 to 7, 7 to 7.5) but

Just like last night we need someone to call the bluff and purchase 50k worth of btc again in one go. Tongue
member
Activity: 81
Merit: 10
August 08, 2011, 04:08:07 AM
#56
Here's an interesting concept.

HOLD but inject NEW USD to BUY bitcoins at a heavily discounted rate.

Thereby for me, it'll balance out not selling @ $13.

Buy @ 7.83, sell at $8.5, buy at $7.5, sell at $8.5.... etc etc. (Not as easy as that but you get the idea, slowly regaining losses).
legendary
Activity: 1176
Merit: 1010
Borsche
August 08, 2011, 01:19:51 AM
#55
I wonder what would happen if someone dumped 75,000 BTC right now?

Price would go down to orders at $1 level, then sharply spike back. And I'd be happy.
hero member
Activity: 616
Merit: 500
August 07, 2011, 09:49:53 PM
#54
If losing were a sport....



I'd finally win at something.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
August 07, 2011, 08:17:36 PM
#52
Yesterday I thought I was watching another Enron. But today it looks like a yo-yo contest.

As stated above, tomorrow should be very interesting, both here and on wallstreet.
hero member
Activity: 700
Merit: 500
daytrader/superhero
August 07, 2011, 08:11:52 PM
#51
im not selling, considered my "investment" lost cash when i first started...... ill either make a great profit or ride it all the way down to 0....either way, it was an entertaining way to blow a couple hundred bucks...IMO worth every penny  Grin
legendary
Activity: 1792
Merit: 1047
August 07, 2011, 08:04:30 PM
#50
Sure they may be attempting at a pump and dump but confidence is still on thin ice.

Monday will be interesting to see how things unfold.
legendary
Activity: 826
Merit: 1001
rippleFanatic
August 07, 2011, 08:02:08 PM
#49
btc's just rebounded to about 9
im happy:)

Did you just jinx it? looks like it went from 8.7 to 7.1 or so in minutes.

What an amazing chart!


First, somebody bought up $7.5 to $8.5 (spending about $50k USD) and then put a $40k bid wall for 5k BTC at $8.5.

A seller called that bluff, and sold through the wall (about $40k worth of BTC), pushing the price down to ~$7.12.  Now there's very little depth between $7.1 and $8.5.

The players in this game have over $100k to play with.  Little guys are just dust in the wind.


Just happened again.  In the thin volume, a bull put up a wall at 7.7 with a bid for $40k.  A seller sold through the wall, pushing price down to 7.05.  The sell was almost 9k BTC.

You know the big trades are individual players because they are volume spikes on the 1-minute chart.
legendary
Activity: 1792
Merit: 1047
August 07, 2011, 07:55:57 PM
#48
btc's just rebounded to about 9
im happy:)

Did you just jinx it? looks like it went from 8.7 to 7.1 or so in minutes.

What an amazing chart!


First, somebody bought up $7.5 to $8.5 (spending about $50k USD) and then put a $40k bid wall for 5k BTC at $8.5.

A seller called that bluff, and sold through the wall (about $40k worth of BTC), pushing the price down to ~$7.12.  Now there's very little depth between $7.1 and $8.5.

The players in this game have over $100k to play with.  Little guys are just dust in the wind.

You bet! Who would not notice that.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
legendary
Activity: 826
Merit: 1001
rippleFanatic
August 07, 2011, 07:16:52 PM
#46
btc's just rebounded to about 9
im happy:)

Did you just jinx it? looks like it went from 8.7 to 7.1 or so in minutes.

What an amazing chart!


First, somebody bought up $7.5 to $8.5 (spending about $50k USD) and then put a $40k bid wall for 5k BTC at $8.5.

A seller called that bluff, and sold through the wall (about $40k worth of BTC), pushing the price down to ~$7.12.  Now there's very little depth between $7.1 and $8.5.

The players in this game have over $100k to play with.  Little guys are just dust in the wind.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
August 07, 2011, 07:01:30 PM
#45
btc's just rebounded to about 9
im happy:)

Did you just jinx it? looks like it went from 8.7 to 7.1 or so in minutes.

What an amazing chart!
newbie
Activity: 28
Merit: 0
August 07, 2011, 06:47:15 PM
#44
btc's just rebounded to about 9
im happy:)

member
Activity: 84
Merit: 10
August 06, 2011, 09:01:14 PM
#43
I have no faith in humans anymore to be trustworthy, honest, and responsible. Especially on the internet.
I never did.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
August 06, 2011, 08:42:58 PM
#42
"eventually bounce"

LOL bounce usually implies immediacy not eventuality.

Depends on how far the ground is.
legendary
Activity: 1036
Merit: 1002
August 06, 2011, 08:12:50 PM
#41
That almost sounds like one must hoard Bitcoins to be part of the "building nice things" community.

I speculate, meaning I do sell when I think the price will drop, yet I do wish to *use* Bitcoin for trading in the future. I'll just buy some again when I need 'em (or think their value will rise). Am I a traitor now? *shrug*

There's a lot of potential for Bitcoin. Just not in mainstream speculation mania and hoarding.
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