it's not over yet, i suspect there are more orders in mtgox's que still unprocessed
this
Topic: Here we go! (Read 4160 times)
this
it's not over yet, i suspect there are more orders in mtgox's que still unprocessed
Looks like someone bought 50k coins a couple weeks ago, pushing the price up $1.50 through sheer volume, and today decided it wasn't going to make them super rich and withdrew all those coins (a few players, not just one).
Either that, or as someone else suggested manipulators are pushing other people out, leveraged, afraid, whatever. I think this may be the case as there hasn't been a flood of sell orders following it, so either a lot of people are waiting to see, or mtgox isn't working for anyone.
Either that, or as someone else suggested manipulators are pushing other people out, leveraged, afraid, whatever. I think this may be the case as there hasn't been a flood of sell orders following it, so either a lot of people are waiting to see, or mtgox isn't working for anyone.
Meanwhile on mtgox... pending
erg this is like someone taking a dump on the market and never wipe there ass :/
erg this is like someone taking a dump on the market and never wipe there ass :/
Damn it, back up to 6.30 already. Not gonna bother.
if you want coins, they already cost 6.10 again
soon there will be no coins below $7
if you want coins, they already cost 6.10 again
To me the one and only major reason this dip is happening is Bitcoinica and the problems it's having. Especially with the other developments recently, I see no other possible reason for this.
You mean reasons other than a gazillion signs of being in an echo bubble?
Exponential trend-line, lots of price hype, excessive trading on margin, and any news were tied to speculation, not commerce or reasoning as to why the price would rally. They ran out of leverage for the long positions all the time, what the hell? And then everybody was talking about a TV show that perfectly justifies the new prices... oh, and of course an immediate impending rally to 8. And then 9. And single-digit prices suck anyway!
Remember we're still above a 200% rise from the low about two months ago!
People are overdoing it! The later they come to their senses, the harder the landing is. "Rise to the moon right now!" is not a good plan, and if it fails now that's still better than repeating the madness of last year and paying with another exodus in a multi-month bust. If it's not too late to prevent that already.
you are dumb
markets swing from overbought to oversold. the 200% increase could easily have been a correction from the HISTORIC, UNPRECEDENTED downward momentum of the falling-knife (panic-selling-induced) crash. perhaps this is a sign that the correction is over and $6-$7 is a 'healthy' price range for bitcoin. always think longer term.
the fact that your prediction is right has nothing to do with whether or not the reasons you gave which i was rebutting are valid. also, unless you're already assuming that you are some super trader, each prediction is independent. as such, 'five in a row' means not much more than 'five, historically'. between the astrology thread and this kind of behavior, im starting to lose faith in the general rationality of traders...
so, congratulations, your prediction was correct. i also foresaw the danger and got out at $6.45.
Might go buy some bitcoins now... but it's bouncing back up :/
It's the great crash of 2012...
Heading for bread line now....
Are you alright?
Yes, just having fun... love this crash. Shows the sheer precariousness of trading BTC.
K just checking
It's the great crash of 2012...
Heading for bread line now....
Are you alright?
Yes, just having fun... love this crash. Shows the sheer precariousness of trading BTC.
Also, what we're now seeing is because of bitcoinica. Well done Z.
It was done on bitcoinica... Asterisk has swung to sell, so this drop was leveraged down.
Someone with money saw that bitcoinica users were heavily leveraged long because of the two straight days of fucking * on the buy. Squeezed the longs. These things will happen in the wild west with tools that dont work. Guaranteed Liquidity my ass!
SELL
▲*5.27678
BUY
▲*5.75655
going long
It's the great crash of 2012...
Heading for bread line now....
It's the great crash of 2012...
Heading for bread line now....
Are you alright?
Also, what we're now seeing is because of bitcoinica. Well done Z.
It was done on bitcoinica... Asterisk has swung to sell, so this drop was leveraged down.
lol, total blackout =)
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