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Topic: Selloff! - page 5. (Read 9480 times)

newbie
Activity: 42
Merit: 0
June 08, 2011, 02:18:47 PM
#15
@29..


The churn in this market is insane.. I suppose that's to be expected when sharks start diving into the kiddie pool with 5 and 6-digit-USD-equivalent bids/asks.

Casual trader-miners like me can't play with fire this hot.. I hope it cools off, TBH.. could be good for BTC long-term.
member
Activity: 93
Merit: 10
June 08, 2011, 02:18:41 PM
#14
Everyone calm down and accept that you are invested in the world's most volatile currency.
legendary
Activity: 1400
Merit: 1005
June 08, 2011, 02:18:00 PM
#13
Lulz.  Oh yee of little faith... I shall laugh at you when the price hits $100 in less than two weeks.  Wink
full member
Activity: 215
Merit: 105
Poorer than I ought to be
June 08, 2011, 02:17:45 PM
#12
The market is still EXTREMELY shallow.  Selling more than a few hundred BTC at a time is going to move the market substantially.  This is all part of any market's maturation process, either it will ride out these bumps or it will crash to near zero.  If you know which...  well congratulations ;-)   I am very hopeful that the Bitcoin market will eventually find some sort of stability and actually become the currency it is designed to be.  just my 2 bitmills
full member
Activity: 126
Merit: 100
June 08, 2011, 02:15:45 PM
#11
Lost 6 Dollars now from todays high, rally's over guys.. Don't think it will ever climb back, seems like the old guys decided theyre rich enough at 30 and will massively sell over the next hours..

* sigh *

"wotta maroon." ~BB
newbie
Activity: 42
Merit: 0
June 08, 2011, 02:15:35 PM
#10
Sell everything! Delete your wallets! Set all miners to stun!

Haha, I hope it crashes before my Dwolla links so I can augment my modest 6-week old mining operation with some nominally-baked non-uranium-enriched BTC.
newbie
Activity: 5
Merit: 0
June 08, 2011, 02:15:29 PM
#9
Already bounced back to 29USD
full member
Activity: 196
Merit: 100
June 08, 2011, 02:15:13 PM
#8
It's the bad news regarding the DEA and more bad press I believe.  Should have stayed up all night smoking crack and waiting for it to peak while searching hitting the refresh page for Google News every 30 seconds.
sr. member
Activity: 284
Merit: 250
June 08, 2011, 02:13:59 PM
#7
Yeah, sorry guys, I'm out. 1000 BTC sell order happening in 5...4....3....2...
full member
Activity: 224
Merit: 100
June 08, 2011, 02:13:40 PM
#6
Looks like people taking profit, eating up most of the bids.  There is a very wide gap between bids and asks now.
full member
Activity: 196
Merit: 101
June 08, 2011, 02:12:23 PM
#5
Sell everything! Delete your wallets! Set all miners to stun!
newbie
Activity: 57
Merit: 0
June 08, 2011, 02:12:13 PM
#4
Lost 6 Dollars now from todays high, rally's over guys.. Don't think it will ever climb back, seems like the old guys decided theyre rich enough at 30 and will massively sell over the next hours..
newbie
Activity: 39
Merit: 0
June 08, 2011, 02:11:56 PM
#3
Probably one big sale.  Whoever it was will probably be feeling the pain in a week or two  Grin
sr. member
Activity: 284
Merit: 250
June 08, 2011, 02:08:53 PM
#2
More like one sale.
newbie
Activity: 42
Merit: 0
June 08, 2011, 02:06:36 PM
#1
Down ~4USD in the last 15 mins  Shocked

Hope this is just statistical noise, or a minor correction...

(edit) back up ~1USD  Roll Eyes

Anyhow.. keep your ears to the railroad tracks if you're a speculator
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