Topic: Mtgox exchange in free fall $$$$ (Read 3354 times)
It would be more fun trading if mtgox wasnt so damn slow, i feel like rage quitting ...
I'm still trying to reclaim my account, but I will be very interested to see where it goes.I bought at 16.50
Mtgox has always been very jumpy. For now its fairly stable. Last month the trends were barely predictable. For now, margin and day trading isn't the way to go. Monitor the 5-day moving averages if your intent on trying to sell consistently. Otherwise keep glued to the ticker and wait for the sell off spikes. Then buy and resell when it goes back to normal. Theres been some consistent drops couple times a week lately. That's where you can make your money.
But always think twice before selling off. Currently there is NO downside to holding your current investments for later.
But always think twice before selling off. Currently there is NO downside to holding your current investments for later.
aye its just a pity I could not get the funds back to bitcoin7 fast enuff. for another round of buy and sells.
I want It to go up in price tbh WAY up. but at this point I could not say which way its going to go. Best to have a little change ready in bitcoin and an exchange as you never know how its going to play out. and just have to be ready when it does
I want It to go up in price tbh WAY up. but at this point I could not say which way its going to go. Best to have a little change ready in bitcoin and an exchange as you never know how its going to play out. and just have to be ready when it does
Lol congrats zerokwel 
Sadly I didnt get my funds into the exchange in time ah well that will teach me to leave a little pool ready in the future.
Was a vvvvv fast bounce back tho. Too good to be true ? or it it just going to yoyo all over the place for ages? Who knows.
Sadly I didnt get my funds into the exchange in time ah well that will teach me to leave a little pool ready in the future.
Was a vvvvv fast bounce back tho. Too good to be true ? or it it just going to yoyo all over the place for ages? Who knows.
Come on IT'S been a fantastic DAY..
I love it when trading goes my way for once. Hoping it hits my lucky number.
being serious buying from bitcoin7 at13.50 and selling it as soon as I could at mtgox at 16+ for a quick turn around was the cherry on top today.
I love it when trading goes my way for once. Hoping it hits my lucky number.
being serious buying from bitcoin7 at13.50 and selling it as soon as I could at mtgox at 16+ for a quick turn around was the cherry on top today.
Well it's been all over the shop today currently $14
Well the last two days we've saw the price drop on heavy volume. As long as theres panic selling I would stay out the way.
i thought with difficulty rising, the price should rise as well? Why it's dropping?
I'm looking for at least a test of $10. I would be a buyer if it holds that level.
I grew up in rural America. Every so often I would hear a story about a farmer crossing the line and speculating on the cattle futures..... Same type of guys as the Mt Gox speculators!
There is a difference, at least the farmer thinks he has some subjective knowledge about what he is speculating about. We are more gamblers than anything else, The price components of BTC have been commented about I.e difficulty rating, miners and hackers off loading the booty etc but what I see is that most of the trade is spectulating on speculating, in an essence gambling.
I grew up in rural America. Every so often I would hear a story about a farmer crossing the line and speculating on the cattle futures..... Same type of guys as the Mt Gox speculators!
loving this thread, I hope others are seeing the lesson that is being handed out here.
So glad I never speculated on the market.
So glad I never speculated on the market.
Totally unstable, woke up to find it back at 13 then went to 13.50 now at 12.95 and dipping, the market is pure speculation with people profiting buying at short lows and selling at short highs.
well, i hope nobody expect stable exchange prices to bitcoins when is all so new and prices is not so much coupled with real goods markets
right now we sell $ or € for bitcoins or buy bitcoins in exchange of $ or € ... until will begin to sell and buy bitcoins to real goods, real meals, real popcorns, real houses and so on, will be a wild market
mtgox 12.75 $
right now we sell $ or € for bitcoins or buy bitcoins in exchange of $ or € ... until will begin to sell and buy bitcoins to real goods, real meals, real popcorns, real houses and so on, will be a wild market
mtgox 12.75 $
lol'd at the transition from real popcorn to real houses
well, i hope nobody expect stable exchange prices to bitcoins when is all so new and prices is not so much coupled with real goods markets
right now we sell $ or € for bitcoins or buy bitcoins in exchange of $ or € ... until will begin to sell and buy bitcoins to real goods, real meals, real popcorns, real houses and so on, will be a wild market
mtgox 12.75 $
right now we sell $ or € for bitcoins or buy bitcoins in exchange of $ or € ... until will begin to sell and buy bitcoins to real goods, real meals, real popcorns, real houses and so on, will be a wild market
mtgox 12.75 $
lol'd at the transition from real popcorn to real houses
it's rising again, buy now.
Looks like the channel I've been following all day finally has a sideways breakout following the spike down to $11. It will be interesting to look again in a couple of hours to see where the current activity around $12.5 goes.[update] July 5 - the channel pattern is ended with a brief breakout to the upside. Resistance was reached at $14 and presently prices are settling in around $13. If the bitcoin bubble deflates further, one could expect support at $11 which was the recent low.
it's rising again, buy now.
Probably not great advice right now. I bought in at a little over $14 and panic sold around 13.5 like lunar, I'm either going to hold out until they are around $4-5 or just keep my involvement with the community as strictly a developer working for USD.
it's rising again, buy now.
Bought in at 14.350 here and sold at 13.7 in a panic.
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