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Topic: CRASH! (Read 24589 times)

sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
September 06, 2011, 07:47:04 AM
Looking at MtGox Live, I've never seen asks and bids so lopsided before.  Looking at the number of bids we should have a very firm floor to not go below $6.  Asks have retreated to a fraction of bids.

Interesting times.  Eating popcorn and watching the action.

Remember when rallied when bids were a tiny fraction of asks?  It's like that.  The order book is not to be trusted.

Ok, I trust you are buying massive amounts of coins now then. right? RIGHT!?
hero member
Activity: 630
Merit: 500
Posts: 69
September 06, 2011, 07:30:34 AM
These low numbers are making me want to buy Bitcoin when I do not have extra money to invest.  Holy fuck I had a joke order on Tradehill for like six bucks something a while ago, I never dreamed the day it would go through Smiley
legendary
Activity: 1692
Merit: 1018
September 06, 2011, 07:30:11 AM
Alright.  I've just seen the reason why bitcoins are crashing:

http://www.kitco.com/

Swiss Franc
-8.65%    09/06-08:28    0.8551    1.1695    

The Swiss are dumping their currency, and in a panic are dumping their bitcoins too.

 Wink
legendary
Activity: 2198
Merit: 1311
September 06, 2011, 07:19:48 AM
Looking at MtGox Live, I've never seen asks and bids so lopsided before.  Looking at the number of bids we should have a very firm floor to not go below $6.  Asks have retreated to a fraction of bids.

Interesting times.  Eating popcorn and watching the action.

Remember when we rallied when bids were a tiny fraction of asks?  It's like that.  The order book is not to be trusted.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
September 06, 2011, 07:12:57 AM
Looking at MtGox Live, I've never seen asks and bids so lopsided before.  Looking at the number of bids we should have a very firm floor to not go below $6.  Asks have retreated to a fraction of bids.

Interesting times.  Eating popcorn and watching the action.
Nope volume is still too low if you take previous selloffs into consideration. We are about 13k now and it has to go above 20k to end.
legendary
Activity: 1692
Merit: 1018
September 06, 2011, 07:06:46 AM
Looking at MtGox Live, I've never seen asks and bids so lopsided before.  Looking at the number of bids we should have a very firm floor to not go below $6.  Asks have retreated to a fraction of bids.

Interesting times.  Eating popcorn and watching the action.
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
September 06, 2011, 06:57:21 AM
hero member
Activity: 668
Merit: 501
September 06, 2011, 06:55:22 AM
legendary
Activity: 2198
Merit: 1311
September 06, 2011, 06:27:51 AM
Wow, what took this thread so long to bubble back up here?
legendary
Activity: 1022
Merit: 1001
September 06, 2011, 06:23:57 AM
25% drop in value over 2 days...miners closing down in 3...2...1...  Grin



legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
August 16, 2011, 01:13:13 PM
Oh, didn't know there was such article!  Cheesy
sr. member
Activity: 314
Merit: 251
August 16, 2011, 05:37:49 AM
ED needs someone to add these memes.
  • SELL! SELL! SELL!
  • BUY! BUY! BUY!
  • RALLY!
  • CRASH!
full member
Activity: 140
Merit: 100
August 15, 2011, 12:59:53 PM
This week should be full of action
full member
Activity: 174
Merit: 100
August 15, 2011, 12:19:06 PM
hmm 10~10.5 maybe?
hero member
Activity: 616
Merit: 500
August 15, 2011, 12:13:19 PM




BUY! SELL! BUY! SELL!!!!
legendary
Activity: 840
Merit: 1000
August 15, 2011, 12:07:42 PM
Yeah, lone big seller. BUY BUY BUY!
hero member
Activity: 616
Merit: 500
August 15, 2011, 12:06:49 PM




HOLD IT!!! BUY BUY BUY!!!
legendary
Activity: 1050
Merit: 1000
August 15, 2011, 12:03:41 PM
someone needed cash quick, no crash =)
hero member
Activity: 616
Merit: 500
August 15, 2011, 11:54:40 AM
^


hero member
Activity: 616
Merit: 500
August 08, 2011, 09:22:48 PM
Here we goooooo
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