Come hell or high water, I'm holding

datguywhowanders

member

Activity: 112

Merit: 10

Quote from: piramida on August 11, 2011, 01:09:00 AM

Quote from: datguywhowanders on August 10, 2011, 07:24:01 PM

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

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: datguywhowanders on August 10, 2011, 07:24:01 PM

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.

datguywhowanders

member

Activity: 112

Merit: 10

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.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: bitcoinBull on August 07, 2011, 08:02:08 PM

Quote from: bitcoinBull on August 07, 2011, 07:16:52 PM

Quote from: Smalleyster on August 07, 2011, 07:01:30 PM

Quote from: JCbit on August 07, 2011, 06:47:15 PM

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

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

MrAnderson

member

Activity: 81

Merit: 10

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).

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: ?? on ??

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.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

If losing were a sport....

I'd finally win at something.

Smalleyster

member

Activity: 84

Merit: 10

I yam what I yam. - Popeye

E-Trade Baby Loses Everything.

http://www.youtube.com/watch?v=W4hfdaC7eL4&feature=youtu.be

Smalleyster

member

Activity: 84

Merit: 10

I yam what I yam. - Popeye

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.

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

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

Sitarow

legendary

Activity: 1792

Merit: 1047

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.

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: bitcoinBull on August 07, 2011, 07:16:52 PM

Quote from: Smalleyster on August 07, 2011, 07:01:30 PM

Quote from: JCbit on August 07, 2011, 06:47:15 PM

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.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: bitcoinBull on August 07, 2011, 07:16:52 PM

Quote from: Smalleyster on August 07, 2011, 07:01:30 PM

Quote from: JCbit on August 07, 2011, 06:47:15 PM

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.

TiagoTiago

hero member

Activity: 616

Merit: 500

Firstbits.com/1fg4i :)

http://www.youtube.com/watch?v=IdcBENN4NSU

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: Smalleyster on August 07, 2011, 07:01:30 PM

Quote from: JCbit on August 07, 2011, 06:47:15 PM

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.

Smalleyster

member

Activity: 84

Merit: 10

I yam what I yam. - Popeye

Quote from: JCbit on August 07, 2011, 06:47:15 PM

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!

JCbit

newbie

Activity: 28

Merit: 0

btc's just rebounded to about 9
im happy:)

Houdini

member

Activity: 84

Merit: 10

Quote from: GeniuSxBoY on August 06, 2011, 06:33:26 PM

I have no faith in humans anymore to be trustworthy, honest, and responsible. Especially on the internet.

I never did.

TiagoTiago

hero member

Activity: 616

Merit: 500

Firstbits.com/1fg4i :)

Quote from: Smalleyster on August 06, 2011, 07:56:34 PM

Quote from: TiagoTiago on August 06, 2011, 07:47:23 PM

"eventually bounce"

LOL bounce usually implies immediacy not eventuality.

Depends on how far the ground is.

Vandroiy

legendary

Activity: 1036

Merit: 1002

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.

Topic: Come hell or high water, I'm holding (Read 4977 times)