Topic: Selloff! - page 2. (Read 9451 times)
Crap...someone just ninja'd all the cheap Bitcoins. I was hoping for it hit $22 before rebuying.
This happened within less than 5 seconds
The bids and asks are almost the same...
{"ticker":{"high":31.9099,"low":19,"vol":113866,"buy":23,"sell":26.8,"last":28.8}}
{"ticker":{"high":31.9099,"low":19,"vol":114448,"buy":22.8897,"sell":26.4,"last":22.8897}}
A last sale went through at 28.8 then some how 22.8897 in a flash!
The bids and asks are almost the same...
{"ticker":{"high":31.9099,"low":19,"vol":113866,"buy":23,"sell":26.8,"last":28.8}}
{"ticker":{"high":31.9099,"low":19,"vol":114448,"buy":22.8897,"sell":26.4,"last":22.8897}}
A last sale went through at 28.8 then some how 22.8897 in a flash!
I have no issue with a "crash" -- it only hurts speculators or people trying to make a buck (or a euro, or a ruble, or whatever).
I fundamentally believe in bitcoins as a currency. If anything, the recent attention from the finance world and politicians only helps legitimize it as a thing of value--if it had no value, there would be no fuss. There are people putting money into bitcoins that aren't just "enthusiasts". We've crossed over. If there's a "crash", it's only because of irrational exuberance (or the long arm of The Man). The fundamental value--there are people who want bitcoins--still exists.
Even if the government gets involved, the nature of bitcoin means it can't be killed. And even if bitcoin falls back into something just for "enthusiasts" and loses much of it's newfound "value", I for one am proud to be an enthusiast (even a poorer one
)
I fundamentally believe in bitcoins as a currency. If anything, the recent attention from the finance world and politicians only helps legitimize it as a thing of value--if it had no value, there would be no fuss. There are people putting money into bitcoins that aren't just "enthusiasts". We've crossed over. If there's a "crash", it's only because of irrational exuberance (or the long arm of The Man). The fundamental value--there are people who want bitcoins--still exists.
Even if the government gets involved, the nature of bitcoin means it can't be killed. And even if bitcoin falls back into something just for "enthusiasts" and loses much of it's newfound "value", I for one am proud to be an enthusiast (even a poorer one
)There are 4 times as much selling as there is buying.
You do realize that that picture means absolutely nothing because of dark orders?
Looks like a stand off between buyers and sellers, lets see who moves first.
Don't you get it? we aren't going to "cash out." ever. Bitcoin is money. we're cashing out of FRNs.
It is this attitude which will allow bitcoin to become the success we are dreaming of!
Yes, yes it is.
Massive Shout Out to the Fundamentalists.
I'm buying a bunch at 20.. Sell to me!
Everyone sell everything for a straight week, until my new funds clear!! :-)
ITS GOING DOWN!!!!!!! SELL SELL SELL!!!!!!!!!!!!!!
its GOING BACK UPPPPPPPPP!!!!!!!
BUY BUY BUY BUY
that scene in the simpsons with martin buying Soy at the stock exchange finally makes sense
its GOING BACK UPPPPPPPPP!!!!!!!
BUY BUY BUY BUY
that scene in the simpsons with martin buying Soy at the stock exchange finally makes sense
The DEA is coming!! The DEA is coming!!
They have warrents! They'll close your bank account! You'll go to jail!
SELL SELLL SELLWLLWSLWSLW!!!!!!
They have warrents! They'll close your bank account! You'll go to jail!
SELL SELLL SELLWLLWSLWSLW!!!!!!
Market Depth is evening out. The value in the Bitcoin is stabilizing, the impossible growth from $9 to $30+ was inevitably going to fall. While this sell off is quite dramatic its prime opportunity to buy, it shows the market potential without having to wait too long for the bubble to stabilize to normal expected growth.
This thread alone probably had a pretty intense effect on the selloff. It's crazy how easily the market can move.
yeah I wish I had some USD I'd be buying on mtgox right now, it's all in BTC so I just have to wait this out.
I just want to say thank you to all the panicked sellers. We're going to move some major money as soon as selling slows down, and make a killing on the way back up. I love human fear... because it's so easy to predict and profit off of it
I hope it drops back down to $10 so that I can buy some for the price that they were going for when I started the process of getting some money from my checking account to MtGox.
How long does it take for BTC to get from the client to MTGOX?
There are 4 times as much selling as there is buying. That signals a massive price drop in the next 24-48 hours.
The ratio up until this point has been at most 2:1 and in alot of the time, there has been a 2:1 in favor of the buyers. If your going to cash out now is the time. Other wise wait for the next bubble...
The ratio up until this point has been at most 2:1 and in alot of the time, there has been a 2:1 in favor of the buyers. If your going to cash out now is the time. Other wise wait for the next bubble...
Ivanish,
technical indicators are concoctions of the past, and in this case are out the window entirely. Float, volitility, news etc etc, are making this mostly unreadable, although I did a "special" analysis last night that told me this was going to 32 within days, that target turned out to be today.
technical indicators are concoctions of the past, and in this case are out the window entirely. Float, volitility, news etc etc, are making this mostly unreadable, although I did a "special" analysis last night that told me this was going to 32 within days, that target turned out to be today.
Correct, they are in the past. However, people will read into whatever they want to, and not necessarily always what they should.
My whole point though is that people need to stop looking at the 2-3-5-7 day patterns and start looking at the 30-60-90day patterns.
The quick bucks to be had will be nowhere as great as the longer term investments according to the 'concoctions of the past' that are technical indicators.
I think we'll see a down trend that will bring it back down below 25 in the next day or so (if not today). So there is opportunity for the 'day traders'.
However, I think we'll be seeing 30-35 again by the weekend regardless of volatility and 'whats in the news'.
Dang....misses my entry point...
Here it is
{"ticker":{"high":31.9099,"low":19,"vol":106784,"buy":25.51,"sell":25.6,"last":25.522}}
I would buy right now... I wish I had more money in dwolla.
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