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Topic: Crashing Bitcoin (Read 2074 times)

sr. member
Activity: 350
Merit: 294
February 07, 2014, 09:19:04 AM
#24
I set a limit order to buy .20 at 749. Was thinking that was good when I woke up and saw it executed. Apparently 660 would have been a better buy.

Just set a 10 Bitcoin buy at $100.
A 2 Bitcoin buy at $200
A 1 Bitcoin Buy at $300
A .5 Bitcoin buy at $400
And a .2 Bitcoin buy at $500

Why those numbers? I guess that's just what I feel comfortable with. Anyone who thinks this February 7th crash is "the end of a Bitcoin" is insane. It may be the beginning of the end of Mt Gox, but that's it.

Did people in 1987 think "this is the end of stocks?" Maybe some did, but those people were insane.

-Dr. Bitcoin
hero member
Activity: 868
Merit: 1000
February 07, 2014, 07:22:40 AM
#23
probably the combined effects of apple news + mtgox pause bitcoin withdrawals + Russia "banned" bitcoin

... plus the poll results that the general public is not interested in Bitcoin or any other payment alternative to the dollar.

Are you saying that 79% won't consider using bitcoin poll?
jr. member
Activity: 41
Merit: 10
February 07, 2014, 05:04:01 AM
#22
If gox comes out and says sorry everyone's BTC is lost or something even close to that I don't think 300$ is unrealistic. It will probably go lower then that since it would most likely be the worst news in crypto history at this point.

People that think shitty Apple is causing this crash are misled IMO



Yeah u r right in my opinion, bitcoin will fall very low if gox will gox everyone)) by the way whats about fed's bitcoins, did they sell it and where, how, anybody knows?
sr. member
Activity: 363
Merit: 250
February 07, 2014, 04:39:05 AM
#21
If gox comes out and says sorry everyone's BTC is lost or something even close to that I don't think 300$ is unrealistic. It will probably go lower then that since it would most likely be the worst news in crypto history at this point.

People that think shitty Apple is causing this crash are misled IMO

jr. member
Activity: 41
Merit: 10
February 07, 2014, 04:36:15 AM
#20
I personally have stoplosses coded in my bot -.-"
full member
Activity: 140
Merit: 100
February 07, 2014, 04:02:03 AM
#19
[quote author=chesthing link=topic=453112.msg4992156#msg4992156 date

Yeah, pretty stupid statement. $300 would be a dream come true for those late.
Those that think bitcoin is "done" during a dip have no understanding of what we are dealing with.
[/quote]
legendary
Activity: 1022
Merit: 1001
February 07, 2014, 03:58:05 AM
#18
In a word - gox.

Its a case of people trying to see if they can get their BTC out, finding out they cant, so selling and trying a cash withdrawal. I have a feeling this is all not going to end well albeit mt gox burning to the ground.

goxxed yet again
legendary
Activity: 1414
Merit: 1000
February 07, 2014, 03:55:02 AM
#17
Price is tanking boys, each for it's own! Run! Even my dog thinks we're gonna see 300s.

If we see 300s bitcoin is just about done. Unfortunate but true, would take a long long time to recover from that psychologically speaking.

LOLOLOL

hahahahaha

 Smiley Wink Cheesy Grin

Yep. Just like Bitcoin was done in Autumn 2011.

 Roll Eyes

Yeah, pretty stupid statement. $300 would be a dream come true for those late.
Those that think bitcoin is "done" during a dip have no understanding of what we are dealing with.
full member
Activity: 140
Merit: 100
February 07, 2014, 03:54:13 AM
#16
Price is tanking boys, each for it's own! Run! Even my dog thinks we're gonna see 300s.

If we see 300s bitcoin is just about done. Unfortunate but true, would take a long long time to recover from that psychologically speaking.

LOLOLOL

hahahahaha

 Smiley Wink Cheesy Grin

Yep. Just like Bitcoin was done in Autumn 2011.

 Roll Eyes

Sorry perhaps not the best choice of words, more like set back a lot. Take most of 2014 to recover.
newbie
Activity: 45
Merit: 0
February 07, 2014, 03:47:46 AM
#15
Mat, I just made you famous.... Tongue
newbie
Activity: 45
Merit: 0
February 07, 2014, 03:46:41 AM
#14
haha, yeah, no stop losses (sadly)

it might be the apple ban, if you really wanna guess, or gox maybe



I think apple bitcoin apps ban had something to do with it, yeah, and screw them for that unfounded decision, but it had more to do with Mt Gox's recent near admission to scamming. Now it has got to the point that they know that we know, and they are not really pretending anymore.

Or maybe word has got out that if they get involved with bitcoining they will be forced to listen to MatTheCat's "shorting" every 5 minutes and hae given up. Lips sealed


 Cheesy
legendary
Activity: 4186
Merit: 4855
You're never too old to think young.
February 07, 2014, 03:42:03 AM
#13
Price is tanking boys, each for it's own! Run! Even my dog thinks we're gonna see 300s.

If we see 300s bitcoin is just about done. Unfortunate but true, would take a long long time to recover from that psychologically speaking.

LOLOLOL

hahahahaha

 Smiley Wink Cheesy Grin

Yep. Just like Bitcoin was done in Autumn 2011.

 Roll Eyes
hero member
Activity: 756
Merit: 500
February 07, 2014, 03:34:11 AM
#12
btc-e refusal to budge kind of stabilize things a bit.
full member
Activity: 140
Merit: 100
February 07, 2014, 03:33:41 AM
#11
Price is tanking boys, each for it's own! Run! Even my dog thinks we're gonna see 300s.

If we see 300s bitcoin is just about done. Unfortunate but true, would take a long long time to recover from that psychologically speaking.
sr. member
Activity: 280
Merit: 250
February 07, 2014, 03:33:06 AM
#10
It's a fucking stampede for the theater exit, but I think these people will find that the theater exit is barricaded closed.  If gox really is insolvent and no BTC/fiat withdraws will occur again, what would you rather hold .. money or Bitcoins?  The gox price is ping ponging at the moment .. perhaps people can't decide this question.
legendary
Activity: 1064
Merit: 1001
February 07, 2014, 03:32:41 AM
#9
up up up

hold hold hold

and  buy buy buy

Oh wow, I guess it's over now, all is safe. wheew!
legendary
Activity: 2124
Merit: 1013
K-ing®
February 07, 2014, 03:31:15 AM
#8
up up up

hold hold hold

and  buy buy buy
legendary
Activity: 1064
Merit: 1001
February 07, 2014, 03:28:38 AM
#7
Price is tanking boys, each for it's own! Run! Even my dog thinks we're gonna see 300s.
member
Activity: 94
Merit: 10
My name is Nikolay and am a webaholic.
February 07, 2014, 03:26:43 AM
#6
probably the combined effects of apple news + mtgox pause bitcoin withdrawals + Russia "banned" bitcoin

... plus the poll results that the general public is not interested in Bitcoin or any other payment alternative to the dollar.
hero member
Activity: 667
Merit: 500
February 07, 2014, 03:25:56 AM
#5
you cant put stoplosses on any of the real big exchanges lol
stop making shit up

You can with a bot.
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