Major correction to rally coming... - page 3.

cypherdoc

legendary

Activity: 1764

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Quote from: ineededausername on December 28, 2011, 10:48:39 PM

Quote from: ineededausername on December 28, 2011, 04:36:39 PM

I'm going to tentatively say that we might see something interesting at 8 PM EST. Don't be disappointed if this doesn't play out the way I expect it to, but something might happen.

Today's been an interesting day... I swear I didn't have insider knowledge xD

didn't you say something was going to happen at 8pm? you didn't say the price was going UP!

deltanine

full member

Activity: 231

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Quote from: ineededausername on December 28, 2011, 10:48:39 PM

Quote from: ineededausername on December 28, 2011, 04:36:39 PM

I'm going to tentatively say that we might see something interesting at 8 PM EST. Don't be disappointed if this doesn't play out the way I expect it to, but something might happen.

Today's been an interesting day... I swear I didn't have insider knowledge xD

Good call.

ineededausername

hero member

Activity: 784

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bitcoin hundred-aire

Quote from: ineededausername on December 28, 2011, 04:36:39 PM

I'm going to tentatively say that we might see something interesting at 8 PM EST. Don't be disappointed if this doesn't play out the way I expect it to, but something might happen.

Today's been an interesting day... I swear I didn't have insider knowledge xD

mjcmurfy

sr. member

Activity: 336

Merit: 250

I hate to say I told you so. Actually, no... I love it.
Get your bitcoins out of this bucket shop now, while you still can.

ineededausername

hero member

Activity: 784

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bitcoin hundred-aire

Quote from: cypherdoc on December 28, 2011, 09:15:33 PM

Quote from: zhoutong on December 28, 2011, 09:06:40 PM

Momentarily… Too many buy orders.

The door shut seconds after...

oh, this is beautiful!

time for a run on the ~~illegal loan entity~~ ~~bank~~ thing.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: zhoutong on December 28, 2011, 09:06:40 PM

Momentarily… Too many buy orders.

The door shut seconds after...

oh, this is beautiful!

zhoutong

vip

Activity: 490

Merit: 502

Quote from: trogdorjw73 on December 28, 2011, 09:08:19 PM

Maybe Bitcoinica should just dump all the BTC they have in order to get USD, which in the process could very well trigger a panic and cause forced liquidations of everyone going long? :p

Maybe we should leave this to some speculators that want to take advantage of the long squeeze.

We know how profitable this can be, but sorry, evil doesn't belong here.

trogdorjw73

hero member

Activity: 482

Merit: 500

Maybe Bitcoinica should just dump all the BTC they have in order to get USD, which in the process could very well trigger a panic and cause forced liquidations of everyone going long? :p

zhoutong

vip

Activity: 490

Merit: 502

Quote from: ineededausername on December 28, 2011, 08:49:58 PM

Quote from: randomusername8236 on December 28, 2011, 08:49:17 PM

Bitcoinica appears to be functioning again.

buying works?!

Momentarily… Too many buy orders.

The door shut seconds after...

ineededausername

hero member

Activity: 784

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bitcoin hundred-aire

Quote from: randomusername8236 on December 28, 2011, 08:49:17 PM

Bitcoinica appears to be functioning again.

buying works?!

randomusername8236

newbie

Activity: 13

Merit: 0

Bitcoinica appears to be functioning again.

chunglam

donator

Activity: 229

Merit: 106

Does anyone know what exactly mean by "No Reserve"? Can't buy or sell, or this is the Zhoutong's way to stabilize Bitcoin market? Angry

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: mjcmurfy on December 28, 2011, 07:12:08 PM

Quote from: ineededausername on December 28, 2011, 07:09:57 PM

Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

Why is the official bitcoinica line coming via you and not bitcoinica themselves?

I imagine they have bigger fish to fry right now than dicking around on the forums.

smickles

sr. member

Activity: 446

Merit: 250

hmm, "no reserve" on sells too?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: ineededausername on December 28, 2011, 07:16:13 PM

Quote from: Mushoz on December 28, 2011, 07:14:51 PM

Quote from: mjcmurfy on December 28, 2011, 07:12:08 PM

Quote from: ineededausername on December 28, 2011, 07:09:57 PM

Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

Why is the official bitcoinica line coming via you and not bitcoinica themselves? Did you contact them about this or did you hear about it elsewhere? So is this for sure a software problem? I wonder if they are going to 'fix' it by selling a ton of btc.

Well, the statement says they aren't actually out of money, so they shouldn't have to sell BTC.

I've contacted Jon (COO). He has promised to alert Zhou when he wakes up and says the problem should be fixed within a couple of hours. If you want, I can get Jon to post here.

see, this is the problem with running a bucket shop with one 17 yo kid. even if he's the most brilliant 17 yo around his algorithm apparently isn't as automated as he'd like us to believe. in the meantime, the market is running away from him and the shorts.

expect to be Zhoutawnged!

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: mjcmurfy on December 28, 2011, 07:09:19 PM

The only way to fix this is involves selling a large amount of btc in order to restore bitcoinica's USD reserve.
I think that bid wall is going to get eaten up pretty soon.

sounds like to me the only "selling" will come from "shorting" into the bid walls. who's crazy enough to do that right now?

ineededausername

hero member

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bitcoin hundred-aire

For further inquiries, please contact Jon yourselves. He will be more than happy to respond to questions and comments related to this incident.

[email protected]

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Quote from: ineededausername on December 28, 2011, 07:16:13 PM

Quote from: Mushoz on December 28, 2011, 07:14:51 PM

Quote from: mjcmurfy on December 28, 2011, 07:12:08 PM

Quote from: ineededausername on December 28, 2011, 07:09:57 PM

Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

Why is the official bitcoinica line coming via you and not bitcoinica themselves? Did you contact them about this or did you hear about it elsewhere? So is this for sure a software problem? I wonder if they are going to 'fix' it by selling a ton of btc.

Well, the statement says they aren't actually out of money, so they shouldn't have to sell BTC.

I've contacted Jon (COO). He has promised to alert Zhou when he wakes up and says the problem should be fixed within a couple of hours. If you want, I can get Jon to post here.

How are they going to handle people losing money on shorts they can't liquidate?

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: Mushoz on December 28, 2011, 07:14:51 PM

Quote from: mjcmurfy on December 28, 2011, 07:12:08 PM

Quote from: ineededausername on December 28, 2011, 07:09:57 PM

Repost:
https://bitcointalksearch.org/topic/offcl-bitcoinica-stmt-no-reserve-prbm-will-be-fixed-in-a-couple-of-hours-55931
Official Bitcoinica statement: they aren't actually out of funds, and the problem will be fixed in a couple of hours.

Why is the official bitcoinica line coming via you and not bitcoinica themselves? Did you contact them about this or did you hear about it elsewhere? So is this for sure a software problem? I wonder if they are going to 'fix' it by selling a ton of btc.

Well, the statement says they aren't actually out of money, so they shouldn't have to sell BTC.

I've contacted Jon (COO). He has promised to alert Zhou when he wakes up and says the problem should be fixed within a couple of hours. If you want, I can get Jon to post here.

mjcmurfy

sr. member

Activity: 336

Merit: 250

Yeah, I did see that part, but I would like to hear it from zhou directly.

Topic: Major correction to rally coming... - page 3. (Read 11065 times)