How long this correction will take? - page 2.

teflone

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You're fat, because you dont have any pics on FB

Quote from: Vandroiy on January 17, 2012, 06:08:32 PM

Quote from: piramida on January 17, 2012, 05:58:50 PM

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

Vandroiy

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Quote from: piramida on January 17, 2012, 05:58:50 PM

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

piramida

legendary

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Borsche

Quote from: teflone on January 17, 2012, 05:57:18 PM

Hey rape away, I just want to see some stability.

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

teflone

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You're fat, because you dont have any pics on FB

Quote from: piramida on January 17, 2012, 05:54:24 PM

Quote from: teflone on January 17, 2012, 05:51:49 PM

now that exactly what I have been talking about happened...

Any questions as to why bitcoinica is not doing us any good ?

Why do you think that swing was bad? People who had buy orders at 4.6 disagree

Hey rape away, I just want to see some stability.

piramida

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Activity: 1176

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Borsche

Quote from: teflone on January 17, 2012, 05:51:49 PM

now that exactly what I have been talking about happened...

Any questions as to why bitcoinica is not doing us any good ?

Why do you think that swing was bad? People who had buy orders at 4.6 disagree

Serge

legendary

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Quote from: teflone on January 17, 2012, 05:51:49 PM

now that exactly what I have been talking about happened...

Any questions as to why bitcoinica is not doing us any good ?

it's very good =) keep using it ))

teflone

hero member

Activity: 770

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You're fat, because you dont have any pics on FB

now that exactly what I have been talking about happened...

Any questions as to why bitcoinica is not doing us any good ?

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Quote from: ?? on ??

Quote from: notme on January 17, 2012, 04:09:02 PM

Quote from: ?? on ??

Quote from: arepo on January 17, 2012, 03:19:54 PM

Quote from: ?? on ??

To be honest, I felt like I should have edited my post to specify that I was only referring to what you've posted in this thread. I'm at work right now and don't have the time to look through all your old posts and I don't really care either. I'm pretty new to this forum (but not bitcoin), so in time I'll see how I grade your posts, as you'll see how you grade mine.

And I'm foolish and believe I have nothing to learn from anyone, thank you.

FTFY

No, but its kind of surprising how much shit I'm getting in this thread, considering what I posted this morning turned out to be entirely correct.

What, that's it's going to crash? I'd hardly call that little dip a crash. The fact is you're being uppity and it's annoying. If you were referring to another prediction (maybe one with some actual targets), please quote it instead of referring to "what I posted".

What this is really about is me being new. I've been on enough internet message boards to spot it. The new guy is the troll and the old guard are always right. You revealed yourself when you used the word 'uppity'.

Reread this thread. teflone responded to what I first posted with sarcasm. I responded in kind. We went back and forth. But I'm uppity? Where is the distinction?

Ohhhhh that was sarcasm, I think we all missed that... sorry brother.. My bad...

zby

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Looks like there is * at the buy button at bitcoinica again - so maybe this was not the bottom yet.

teflone

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You're fat, because you dont have any pics on FB

Quote from: notme on January 17, 2012, 04:09:02 PM

Quote from: ?? on ??

Quote from: arepo on January 17, 2012, 03:19:54 PM

Quote from: ?? on ??

To be honest, I felt like I should have edited my post to specify that I was only referring to what you've posted in this thread. I'm at work right now and don't have the time to look through all your old posts and I don't really care either. I'm pretty new to this forum (but not bitcoin), so in time I'll see how I grade your posts, as you'll see how you grade mine.

And I'm foolish and believe I have nothing to learn from anyone, thank you.

FTFY

No, but its kind of surprising how much shit I'm getting in this thread, considering what I posted this morning turned out to be entirely correct.

What, that's it's going to crash? I'd hardly call that little dip a crash. The fact is you're being uppity and it's annoying. If you were referring to another prediction (maybe one with some actual targets), please quote it instead of referring to "what I posted".

He's new, cut him some slack, plus he grades on a curve...

notme

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Activity: 1904

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Quote from: ?? on ??

Quote from: arepo on January 17, 2012, 03:19:54 PM

Quote from: ?? on ??

To be honest, I felt like I should have edited my post to specify that I was only referring to what you've posted in this thread. I'm at work right now and don't have the time to look through all your old posts and I don't really care either. I'm pretty new to this forum (but not bitcoin), so in time I'll see how I grade your posts, as you'll see how you grade mine.

And I'm foolish and believe I have nothing to learn from anyone, thank you.

FTFY

No, but its kind of surprising how much shit I'm getting in this thread, considering what I posted this morning turned out to be entirely correct.

What, that's it's going to crash? I'd hardly call that little dip a crash. The fact is you're being uppity and it's annoying. If you were referring to another prediction (maybe one with some actual targets), please quote it instead of referring to "what I posted".

teflone

hero member

Activity: 770

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You're fat, because you dont have any pics on FB

Quote from: Crypt_Current on January 17, 2012, 03:10:28 PM

Quote from: teflone on January 17, 2012, 02:35:11 PM

Quote from: old_engineer on January 17, 2012, 02:07:03 PM

Quote from: teflone on January 17, 2012, 01:01:57 PM

When bitcoinica is about 75 percent of mtgox volume and its mostly on margin, for such a small market, and routinely runs out of head room in whatever direction the market is going, explain to us all in detail how you think it helps..

Bitcoinica was usually ~10% of MtGox volume until Jan 14th, the day Zhou offered a no-fee day. This was like a banker yelling, "Free money, one day only, come and get it!". The expected happened: he ran out of reserves. I hope he learned his lesson.

As others have pointed out, the problem isn't leveraging, it's excessive leveraging. And by offering 5:1 and 10:1 leveraging, Zhou does a disservice to his community.

Im not saying leveraging is the problem, Im saying that ALL the leveraging is done on bitcoinica, which is essentially, when it gets down to it, goes onto mtgox, when bitcoinica gets to a point that it needs to change its position, this causes the wild spikes, which is made worse by the excessive leveraging like you said.. No offense to Zhou, but you guys realize hes making the most when these momentary spikes causes liquidation. (Zhoutounged)

Mtgox price being the defacto standard in the community is the problem, and bitcoinica is just adding to the volatility of mtgox. We need another exchange with high volume, bitcoinica has the potential to do this, I hope they do this someday soon.

Then and only then will we have the starting of a buffer for the market.

In other words, the excessive leveraging on bitcoinica that all transposes down to mtgox is making things worse.

Edit - I should note also, I have never been liquidated, and actually have made 22 dollars from bitcoinica in the few times I've used it So Im not biased because I've been hit hard ..

Bitcoinica has added an exchange -- Gox needs to step it up and implement margin trading to balance things.

Not the exchange type I was thinking of. I meant the trading exchange, with depth chart, and so forth..

arepo

sr. member

Activity: 448

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this statement is false

Quote from: ?? on ??

To be honest, I felt like I should have edited my post to specify that I was only referring to what you've posted in this thread. I'm at work right now and don't have the time to look through all your old posts and I don't really care either. I'm pretty new to this forum (but not bitcoin), so in time I'll see how I grade your posts, as you'll see how you grade mine.

And I'm foolish and believe I have nothing to learn from anyone, thank you.

FTFY

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: teflone on January 17, 2012, 02:35:11 PM

Quote from: old_engineer on January 17, 2012, 02:07:03 PM

Quote from: teflone on January 17, 2012, 01:01:57 PM

When bitcoinica is about 75 percent of mtgox volume and its mostly on margin, for such a small market, and routinely runs out of head room in whatever direction the market is going, explain to us all in detail how you think it helps..

Bitcoinica was usually ~10% of MtGox volume until Jan 14th, the day Zhou offered a no-fee day. This was like a banker yelling, "Free money, one day only, come and get it!". The expected happened: he ran out of reserves. I hope he learned his lesson.

As others have pointed out, the problem isn't leveraging, it's excessive leveraging. And by offering 5:1 and 10:1 leveraging, Zhou does a disservice to his community.

Im not saying leveraging is the problem, Im saying that ALL the leveraging is done on bitcoinica, which is essentially, when it gets down to it, goes onto mtgox, when bitcoinica gets to a point that it needs to change its position, this causes the wild spikes, which is made worse by the excessive leveraging like you said.. No offense to Zhou, but you guys realize hes making the most when these momentary spikes causes liquidation. (Zhoutounged)

Mtgox price being the defacto standard in the community is the problem, and bitcoinica is just adding to the volatility of mtgox. We need another exchange with high volume, bitcoinica has the potential to do this, I hope they do this someday soon.

Then and only then will we have the starting of a buffer for the market.

In other words, the excessive leveraging on bitcoinica that all transposes down to mtgox is making things worse.

Edit - I should note also, I have never been liquidated, and actually have made 22 dollars from bitcoinica in the few times I've used it So Im not biased because I've been hit hard ..

Bitcoinica has added an exchange -- Gox needs to step it up and implement margin trading to balance things.

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

Q: how long will this correction take?
A: i don't know for sure Cheesy

(whow does?) but i think it is likely to take another dip down to 6, before it finally will start to go up again.

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Quote from: old_engineer on January 17, 2012, 02:07:03 PM

Quote from: teflone on January 17, 2012, 01:01:57 PM

When bitcoinica is about 75 percent of mtgox volume and its mostly on margin, for such a small market, and routinely runs out of head room in whatever direction the market is going, explain to us all in detail how you think it helps..

Bitcoinica was usually ~10% of MtGox volume until Jan 14th, the day Zhou offered a no-fee day. This was like a banker yelling, "Free money, one day only, come and get it!". The expected happened: he ran out of reserves. I hope he learned his lesson.

As others have pointed out, the problem isn't leveraging, it's excessive leveraging. And by offering 5:1 and 10:1 leveraging, Zhou does a disservice to his community.

Im not saying leveraging is the problem, Im saying that ALL the leveraging is done on bitcoinica, which is essentially, when it gets down to it, goes onto mtgox, when bitcoinica gets to a point that it needs to change its position, this causes the wild spikes, which is made worse by the excessive leveraging like you said.. No offense to Zhou, but you guys realize hes making the most when these momentary spikes causes liquidation. (Zhoutounged)

Mtgox price being the defacto standard in the community is the problem, and bitcoinica is just adding to the volatility of mtgox. We need another exchange with high volume, bitcoinica has the potential to do this, I hope they do this someday soon.

Then and only then will we have the starting of a buffer for the market.

In other words, the excessive leveraging on bitcoinica that all transposes down to mtgox is making things worse.

Edit - I should note also, I have never been liquidated, and actually have made 22 dollars from bitcoinica in the few times I've used it So Im not biased because I've been hit hard ..

old_engineer

sr. member

Activity: 387

Merit: 250

Quote from: teflone on January 17, 2012, 01:01:57 PM

When bitcoinica is about 75 percent of mtgox volume and its mostly on margin, for such a small market, and routinely runs out of head room in whatever direction the market is going, explain to us all in detail how you think it helps..

Bitcoinica was usually ~10% of MtGox volume until Jan 14th, the day Zhou offered a no-fee day. This was like a banker yelling, "Free money, one day only, come and get it!". The expected happened: he ran out of reserves. I hope he learned his lesson.

As others have pointed out, the problem isn't leveraging, it's excessive leveraging. And by offering 5:1 and 10:1 leveraging, Zhou does a disservice to his community.

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Quote from: ?? on ??

To be honest, I felt like I should have edited my post to specify that I was only referring to what you've posted in this thread. I'm at work right now and don't have the time to look through all your old posts and I don't really care either. I'm pretty new to this forum (but not bitcoin), so in time I'll see how I grade your posts, as you'll see how you grade mine.

And you don't need to lead this horse to any water, thank you.

Congrads! You've discovered we BOTH have opinions, you'll fit right in here.

And Im sure you have enough water, never thought otherwise..

Welcome aboard..

Grade - ( )

teflone

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Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Temthaw, how about you follow all my posts and grade them, then I will feel the nostalgia of 15 years ago when I was in university, and I will strive to keep you happy.

Im much more of a "lead a horse to water" type then spelling it out and drowning the horse.

People need to reach their own conclusions...

Grade - ( )

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Quote from: ?? on ??

Quote from: teflone on January 17, 2012, 12:54:59 PM

Quote from: ?? on ??

Quote from: teflone on January 17, 2012, 12:48:11 PM

Quote from: ?? on ??

Quote from: teflone on January 17, 2012, 12:27:06 PM

Quote from: ?? on ??

Sorry Vandroiy, I misunderstood. I thought you were telling me I couldn't play the spikes because of the maxed out leverage

My point was that people shouldn't jump into the market right now because it is probably going to crash. It sounds like you're saying the same thing.

Lol,

Yes, because the market ALWAYS crashes when bitcoin is exposed to millions of people.. Roll Eyes

It crashed hard in june 2011, really hard..

I'm a little confused as to why you think this fictional tv show is going to spark interest in bitcoin. The reasons why it won't have already been explained pretty clearly all over this board, but die hard fanboys just keep refusing to see the logic. I watched the show. It never says Bitcoin is real; it portrays it as cool, but a niche interest that is vaguely defined as "the future". Nobody is going to go out and buy bitcoin after watching this show. They went out and bought bitcoin after Silk Road became big because they wanted drugs. What else can you do with bitcoin besides speculate and buy stuff on black markets?

The market may take a dive because of the liquidity problem on Bitcoinica, as people who went long begin to unload their BTC for lower and lower prices. Of course, Zhou may pump USD into it to allow more long positions, but he hasn't yet and I doubt he will.

I will agree that Bitcoinica is hurting the community as a whole yes..

But if you cant gather how Bitcoin entering the psyche of the people with help, I have little to say to you.

I never said that Bitcoinica was hurting the community as a whole.

The market did crash in June, after a rally.

You have nothing to say to me because it seems you don't have much to say in general.

Yes, Im quiet as a mouse in church! Huh

I wasn't referring to your posting frequency, just the quality and depth of what you post.

Yes, Im very shallow in my thoughts, dont mind me, I have little to no thought at all..

Topic: How long this correction will take? - page 2. (Read 5560 times)