Topic: Everyone is panic selling their BTC - page 3. (Read 26162 times)

No, just someone with too much time on his hands. Besides, in the long term Bitcoin is going to the moon, so I figure I should know what to expect when we get there.

Panic sell all they want. It looks like $500 is too low to be tolerated by people with cash.

thats not what market manipulation is...someone with a lot of coins sold them to trick the bots, no one hacked an exchange and sold other peoples coins..

That sounds like a good strategy, going to guess that the sell walls are set 30 dollars above those buy walls ^_^
Or HODL either one works.
Waiting for 420 or nothing myself but it looks like its coming back up already from the Wall Street Observer Thread.

I have buying order every $30 apart, all the way down to zero, of course most of the time they can not be triggered, today is the time when some slots were filled

Very nice entry point indeed.

Just bought some at like 79.49 or some such on coinbase (still not verified) so limit was I think 100 usd a week?

anyway....more a token leap of faith that it won't go below $500 usd....I think I bought it at 504.89 or some such

I'm in this long term..have what I can put in as I can afford...it is me or btc...if btc tanks I will just have lots of btc on the usb

when they plant me in the ground years from now...with said usb....(its mine damn it ...even if it goes the route of beanie babies)

made my bet

(thank goodness did not have this problem with beanie babies..back in the day..would have been crowded in the coffin and embarrassing at the funeral!)

hmmmm...an optimistic Searing.....rare indeed... (I've officially doomed you all!)


Searing

Manipulation? It's disheartening to learn someone can hack into the exchanges and sell all the bitcoins, thats what I call bad sentiment!

I have an article I wrote yesterday on this very same topic.

http://thebitcoinmovement.com/project/buysell-bitcoin-opposed-using-savings-account/

thanks to ethereum.
they sell and cause panic.price drops and rise a little then they sell again.
they are selling their collected btc's and if they dont stop i will ask they are scam or not ?
they will convert all btc and run ? great btc in their wallet.

You are assuming that people in general are pushing this down, your wrong. It was a flash crash on bitfinex.com caused by deliberate manipulation, absolutely nothing to do with public sentiment or news.

No panic at all. I expected a drop and sold to buy back cheaper. Made some BTC in the process. I'm always bullish long term.

People holding at all cost and without any stop loss are not to blame for their strategy but they should not look at forums and charts all the time and feel sad/bitter whenever BTC's price fluctuate. A multi-year investment is not to be scrutinized every days.

i don't remember the 2013 chart, but i'm sure there was worst period, than this, hell you can just call it a "swing"

If a currency can fall 8.5% in a day on no real bad news such as today just proves the cronies and knockers correct when they say its too risky and volatile. Imagine if there was actually some bad news, sheesh.

Happy to see your only chance at genuine freedom fail? *Round of applause for this ignorant fellow everyone*

Lol it was nice till it lasted. BTC will go to areas as it is worth 100-200 usd

Yikes, just went under $500, now I am a little concerned

well I drank the kool aid will keep what I have invested..wtf it is only money ...someday I'll die..gonna piss it away on something..take chance for once in my life!

as to ebay/paypal I only bring that up in that when asked ebay/paypal head honcho (google it) says they likely will take BTC ...but paypal is their cash cow and how they do so as you say
is gonna be quite the feat...no question though if Ebay had not bought paypal and paypal was still independent and not such an ebay cash cow...ebay would have already
taken BTC imho I look at it this way

people right now in Africa for example have really good wireless phone networks etc (who'd want to string cable for inet) so even the very poor are managing to get/share
phones out in the sticks...inet creeps along with the cell phone expansion....(at a school library or whatever) so this guy wants to improve his life..he looks around has to pay
bribes to move money via wire xfer has to have a bank...(who the heck has banks there in the boonies it is like 1880's south dakota) the inflation on the currency of the country
say is 20% or more a year....you have few assets....so you have your cell phone you have or can get a hotmail address..you can get a bitcoin address etc..you save your $$
you go to the community center .use the inet computer (or maybe you can use cell phone) you get bitcoin bypassing the corrupt gov't and the banks etc...you contact ebay and say "I want to get a sewing machine so my wife can work
at home and improve my lot in life

I have bitcoin..." now the guy knows he can trust Ebay....NOW EBAY KNOWS IT CAN TRUST HIM the security is in the coin..transaction done in like
5 min....done...no bribes to gov't officials (except maybe to get the beast out of customs but that was a given on all mnfg stuff shipped in) no kickbacks or need for a bank or
even a bank account...and the guy is not hording gold in a hole under his hut for bad times etc.....he could have admittedly meager to us but $$$ non the less available
on the blockchain he could get in an emergency/revolution/bank panic/currency panic (like cyrus) etc ..hey piece of mind and way to get stuff too..what would you use
in this guys position "ivory coast $$$ at 20% or so depreciation per year" or BTC? hell it is a no brainer especially if he has international product access now.

imho how from that viewpoint how can Ebay or anyone like such WALK AWAY from the 3 billion or so folks slowly climbing up to middle class in the world...they can't

they have to have something like bitcoin...it works too well across the world..too much profit can be made for them to ignore this imho

thus Ebay will take bitcoin...and imho they pretty much again imho make an equiv to bitpay to do so...or hell just buy bitpay...it will be done....

bitcoin will never be a big deal in the USA but also say Ukraine .I knew some guys from there on the BFL forums before I got banned from BFL forums..they have to feel like
the luckiest schmucks about....when all this drama happened and the Ukrainian gov't rightfully slowed $$ xfer out of the country to avoid bank panics
 ..people thinking a Russian invasion and all ..stopped/slowed
their currency from flowing out of the country  not these guys with btc they could do so....heck if they happened to be from Crimea before Russia took it over they are even more
ecstatic in that Ukrainian $$ is useless there now i think (or hard to use)...and likely was impossible to move fiat out of Crimea for a time.

so yeah your in Syria or Argentina.... btc is a big big deal ..in a country where you hide gold under your hut just in case...a usb drive with btc if you have to beat it
to the border is a very very big deal...you add buying power thru the above ebay transactions etc and commerce world wide is gonna explode

so hopefully the institutional investors are waiting on the sidelines for the price to go low...see good news say the facebook twins ETF fund etc
and price will then skyrocket in the usual btc boom/bust cycle and all is well again (for a bit)

anyway again imho (dare to dream) and again i disavow all knowledge that I know wtf I'm talking about ...just how I am viewing it from the sidelines
as a kool aid drinking bitcoin holder don't ya know

Searing


that could be very true too...although that kinda scares the crap out of me..if the whales were to panic for some reason/fud/news/gov't proposed regulation
or whatever..would be like an elephant stampede we little guys at least those panic'ing too and selling would be 'toe jam' and would likely in disgust never come
back to BTC could be a set back if it swung too far and looks too manipulated.. a concern for the future perhaps

Searing

    

We are just watching whales dump... then reload their BTC with a bigger profit... fledgling currency = prone to the swings of bigger players