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Topic: Crash!!!! - page 11. (Read 34079 times)

legendary
Activity: 1246
Merit: 1016
Strength in numbers
July 20, 2012, 01:27:43 AM
Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.

I dunno, it's not Monday.
legendary
Activity: 1937
Merit: 1001
July 20, 2012, 01:08:33 AM
1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
July 20, 2012, 01:06:36 AM
Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.
lol

priceless
legendary
Activity: 2940
Merit: 1333
July 20, 2012, 01:03:03 AM
Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.
hero member
Activity: 518
Merit: 500
July 20, 2012, 12:33:24 AM
Come on bears, this the best you got?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
July 20, 2012, 12:31:25 AM
The uptrend is strong because it's coming off months of sideways movement at $5. For the same reason, corrections in this uptrend will not be nearly as severe as the correction in Jan/Feb from $7.2 (right now, $7.5 is about right in the middle of the bollinger band).

Remember, the uptrend started at $2 in November, and all the sideways movement at $5 was a momentum build-up. Why would price retreat from $9, just to go back to $5? Unless this isn't a true uptrend but just an upward volatility burst.

But I don't think so, all the indicators confirm the upward trend. We'll bounce off $7.x (old resistance becomes new support) and grind against $9.x until most likely breaking $10, continuing the retracement of the correction from $30.

$9 profit-takers will probably be lucky to add to their positions buying under $8. Panic-sellers in the $7's will probably suffer some losses.

+1
legendary
Activity: 826
Merit: 1001
rippleFanatic
July 20, 2012, 12:26:12 AM
The uptrend is strong because it's coming off months of sideways movement at $5. For the same reason, corrections in this uptrend will not be nearly as severe as the correction in Jan/Feb from $7.2 (right now, $7.5 is about right in the middle of the bollinger band).

Remember, the uptrend started at $2 in November, and all the sideways movement at $5 was a momentum build-up. Why would price retreat from $9, just to go back to $5? Unless this isn't a true uptrend but just an upward volatility burst.

But I don't think so, all the indicators confirm the upward trend. We'll bounce off $7.x (old resistance becomes new support) and grind against $9.x until most likely breaking $10, continuing the retracement of the correction from $30.

$9 profit-takers will probably be lucky to add to their positions buying under $8. Panic-sellers in the $7's will probably suffer some losses.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
July 19, 2012, 11:59:43 PM
I havn't downloaded anything in months but I never ever got a threat letter. Don't you use peerblock, or use any other ways to prevent them watching.
Huh

lol?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
July 19, 2012, 11:21:47 PM
Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

honestly
everyone how isn't with pirate should Refuse to buy above 6.50

Owned

but manipulated or not the market will do what it does best
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
July 19, 2012, 11:14:43 PM
Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

honestly
everyone how isn't with pirate should Refuse to buy above 6.50

Owned

sr. member
Activity: 336
Merit: 250
July 19, 2012, 11:00:13 PM
Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!

I agree, that is some real BS. Preying on the bitcoin nerds, eager to buy anything with their precious coins.

If I had a product to sell (should by November), BTC price would get a discount. I want that shiny digital stuff
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
July 19, 2012, 10:57:34 PM
Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...
full member
Activity: 132
Merit: 100
July 19, 2012, 10:03:55 PM
I am hoping someone with deep pockets will buy those obviously false asks, if I had just done that huge dump, I would then buy those asks if they of course were not mine without hesitation. Much more BTC in wallet than two hours ago.
legendary
Activity: 1652
Merit: 1000
July 19, 2012, 10:03:45 PM
Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!

Some people don't want to buy things today with bitcoins; they just want to buy bitcoins for the same reasons they want to buy gold.
legendary
Activity: 2072
Merit: 1001
July 19, 2012, 09:53:39 PM
Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
July 19, 2012, 09:45:14 PM
Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY



full member
Activity: 132
Merit: 100
July 19, 2012, 09:24:21 PM
Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
July 19, 2012, 09:21:33 PM
Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Perhaps taking profit?
donator
Activity: 1218
Merit: 1080
Gerald Davis
July 19, 2012, 09:17:12 PM
Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?
legendary
Activity: 1022
Merit: 1000
July 19, 2012, 08:36:12 PM
Sweet.  My funds held semi-hostage by the Gox came in handy.

As the price fell my "what the hell the money isn't going anywhere" buy orders said "NOM NOM NOM" and I got a nice load of cheap coins.

Good for you, Is bought at 9.20  Tongue Tongue Tongue (shame on me for being so greedy!)
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