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Topic: If you're not out, get out. - page 12. (Read 26379 times)

newbie
Activity: 42
Merit: 0
September 09, 2011, 01:50:26 PM
#23
Not even the manipulator can save you now.

What do you mean?  There's another fake bid wall at $4 now.
full member
Activity: 126
Merit: 100
September 09, 2011, 01:43:39 PM
#22
There is no "big dog" to save you guys.

Not even the manipulator can save you now.
full member
Activity: 126
Merit: 100
September 09, 2011, 01:40:57 PM
#21
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.

How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.



Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.

See, but no one wants in at $10. No one who's not in bitcoins now wants in at all.

There is no "big dog" to save you guys.
But...but...the fundamentals are sound!
member
Activity: 116
Merit: 10
September 09, 2011, 01:38:12 PM
#20
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.

How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.



Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.

See, but no one wants in at $10. No one who's not in bitcoins now wants in at all.

There is no "big dog" to save you guys.
legendary
Activity: 1204
Merit: 1002
September 09, 2011, 01:06:43 PM
#19
But that assumes perfect trading which we know is not possible.

Right. Trying to trade noise is futile. Read "A Random Walk down Wall Street".
legendary
Activity: 2072
Merit: 1001
September 09, 2011, 01:01:56 PM
#18
If this is suffering then hell ain't half bad.

I have never found a market where it is easier to make profitable trades so frequently, but it is not for 'holders'...

But that assumes perfect trading which we know is not possible. Buying in at the wrong moment
just means you needed to sell at a loss to try again. Picking the spot to catch the falling knife for
just a few moments to catch a small upswing is not exactly easy.

Unless you have a strategy I am not thinking of which is very possible.

----------

And I am out. No more BTC for me. It was fun trying to trade but I sucked at it for the last week.
Nice way to lose enough money for a really fancy dinner out on a Saturday night. Probably dropped
a 100 bucks in the last week with losses. Sent the money to dwolla.

But eh.. i get free electricity at the colo due to my job and my 2.6 gh/s will create more BTC soon
enough to putz around with. Hope difficulty drops over the next month.

C'est la vie.

legendary
Activity: 1204
Merit: 1002
September 09, 2011, 01:01:50 PM
#17
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC.


Current Mt. Gox market depth

Wow. That's new in the last few hours. It looks like people got up today, checked the prices, and panicked.

(Yes, there will probably be some rebound, but in the last three months, the rebound never entirely recovered the previous drop.)
donator
Activity: 2772
Merit: 1019
September 09, 2011, 12:56:48 PM
#16
what are you +1ing? nagle is objectively correct.

nagle said the bubble would burst "all the way". So he's not technically correct, is he?
donator
Activity: 1419
Merit: 1015
September 09, 2011, 12:49:57 PM
#15
Question: Why buy now when I can buy all 7 million Bitcoins for $700 when it falls to $.0001?
Answer: Because everyone else is thinking the same thing.
sr. member
Activity: 265
Merit: 250
21
September 09, 2011, 12:39:51 PM
#14
remember - get out now!   sell low and buy high.

Seems right the right decision. We need to lose money in order to make money!!!
legendary
Activity: 2212
Merit: 1008
September 09, 2011, 12:37:22 PM
#13
remember - get out now!   sell low and buy high.
full member
Activity: 121
Merit: 100
September 09, 2011, 12:35:54 PM
#12
Or.... everyone wants in, but at a lower price...

Like GeniuSxBoY said, there are people out there ready to buy BIG into Bitcoin. The question is where.

Don't blink.
full member
Activity: 174
Merit: 100
September 09, 2011, 12:33:18 PM
#11
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.

How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.



Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.

you back in now?  Shocked
hero member
Activity: 616
Merit: 500
September 09, 2011, 12:30:18 PM
#10
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.

How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.



Why buy at $7 if you can buy at $5.25?
Why buy at $5.24 if you can buy at $4?
Why buy at $4 if you can buy at $3?
.
.
.
People are going to keep pressing their luck until someone decides it's time to buy big, and the procrastinators lose out big time.


The big dogs could bring the price up to $10 right now if they wanted to, which means double the value than $5.25 for them. Saw someone with a 17,000 btc bid at 5.25 earlier.
newbie
Activity: 28
Merit: 0
September 09, 2011, 12:28:47 PM
#9
yes, please, everyone get out so I can buy MOOOOOOOR  Grin
legendary
Activity: 2212
Merit: 1008
September 09, 2011, 12:25:51 PM
#8
NO

i can see how someone got up to their 464 post sr. member status.  
newbie
Activity: 15
Merit: 0
September 09, 2011, 12:25:33 PM
#7
There were replies like "troll" and "hater".  

...


I was right. You were wrong. Now suffer.

Gee I wonder why you got those replies   Roll Eyes

+1

what are you +1ing? nagle is objectively correct.
legendary
Activity: 2072
Merit: 1001
September 09, 2011, 12:23:56 PM
#6
The amount of BTC being offered for sale at 5.25 is just staggering. It truly dwarfs the amount of
money wanting into BTC. Just two weeks ago people would have loved to buy at that price but now
no one wants to touch them.

How can the price possibly recover when people do not want to buy, and even if they do buy,
the amount of cash to bring the price back up to 7 is ridiculous.
newbie
Activity: 15
Merit: 0
September 09, 2011, 12:23:31 PM
#5
NO

excellent point, well rounded with facts and citations that clearly demonstrate a full and complete understandi
legendary
Activity: 2212
Merit: 1008
September 09, 2011, 12:21:25 PM
#4
anyone got a chart to post on the recent stock market crash?
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