The 2-Week Trading Bubble ? | Bitcointalksearch.org

Crypt_Current

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Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: yogi on March 21, 2013, 08:46:26 PM

Quote from: RyNinDaCleM on March 21, 2013, 08:37:48 PM

That was a good day of scalping! Oh, the memories Cry

meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k

hehe, yes.
I found the thread https://bitcointalksearch.org/topic/m.697530

Nostalgically re-reading this as a bedtime story -- thanks for digging up the link. Nothing induces calm like true tales of swift, sensical justice.

yogi

legendary

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Hamster ate my bitcoin

Quote from: RyNinDaCleM on March 21, 2013, 08:37:48 PM

That was a good day of scalping! Oh, the memories Cry

meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k

hehe, yes.
I found the thread https://bitcointalksearch.org/topic/m.697530

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: yogi on March 21, 2013, 08:32:41 PM

That was a good day of scalping! Oh, the memories Cry

meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k

herzmeister

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Merit: 1007

Quote from: Elwar on March 21, 2013, 07:56:11 PM

$5.0 to $7.0 in 2 weeks! That is a huge rise. Must be a bubble!

well just like $50.00 to $70.00 in 2 weeks... err days

and just like $500.00 to $700.00 soon Cool

yogi

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Hamster ate my bitcoin

Tirapon

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Merit: 1000

Nice bump.

Elwar

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Viva Ut Vivas

$5.0 to $7.0 in 2 weeks! That is a huge rise. Must be a bubble!

I wonder what happened after that.

StewartJ

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Activity: 392

Merit: 250

Quote from: Sargasm on January 19, 2012, 12:10:13 AM

The only

would be total new dollars to the market.

Which... is a moderately large Huh

??.

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

That would be cool.

Sargasm

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Activity: 112

Merit: 10

Quote from: RyNinDaCleM on January 19, 2012, 12:20:42 AM

Quote from: antoineph on January 19, 2012, 12:13:23 AM

Quote from: Sargasm on January 19, 2012, 12:10:13 AM

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Bounty?

I'll be game for $100 once BTC hits $10.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: antoineph on January 19, 2012, 12:13:23 AM

Quote from: Sargasm on January 19, 2012, 12:10:13 AM

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Bounty?

Sargasm

member

Activity: 112

Merit: 10

That guy with the money?

antoineph

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Quote from: Sargasm on January 19, 2012, 12:10:13 AM

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Sargasm

member

Activity: 112

Merit: 10

The only

would be total new dollars to the market.

Which... is a moderately large Huh

??.

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: StewartJ on January 18, 2012, 12:45:14 PM

Seems like that's what we've gone through, an over-leveraged bubble.

Many had commented all along that we should of been trading in the $5 - $5.50 range:

i completely agree with this analysis.

Dutch Merganser

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Activity: 84

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Quote from: Vandroiy on January 18, 2012, 04:16:06 PM

There's no clear indicator of money inflow and the market has been overconfident for a while, the ground may be much thinner than it looks.

Yes, thin ground, excellent! Wink

Vandroiy

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This is not about tomorrow. This is about where will we be in 1-2 months.

I agree with the OP. We have very little data on what the market configuration is now, and we haven't had a classical panic yet, although the 6-7 area looked this unstable. Now, we had another event that only shows the immaturity of the market; this should correct the price down, not up.

Remember that Air France plane the pilots stalled at the highest they could push it? Once you start dropping you better stop pulling up fast, or you end the way that plane did. I would not push the price above 6 now. There's no clear indicator of money inflow and the market has been overconfident for a while, the ground may be much thinner than it looks.

jwzguy

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To further clarify you might be absolutely correct. That was a very fast jump we had to 7. But my guess is that we will be over $6 by tomorrow. We shall see. Cool

StewartJ

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Quote from: jwzguy on January 18, 2012, 01:03:17 PM

I'm implying not enough time has passed (since someone purposefully moved the price enough to force liquidation on Bitcoinica) to draw conclusions about where the price has ended up.

Thanks for clarifying.

jwzguy

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I'm implying not enough time has passed (since someone purposefully moved the price enough to force liquidation on Bitcoinica) to draw conclusions about where the price has ended up.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: jwzguy on January 18, 2012, 12:48:13 PM

I wouldn't jump to any conclusions while the 24hr vol is still over 300k.

Are you inferring there is enough volume to jump us back up again? Or down?

Topic: The 2-Week Trading Bubble ? (Read 1983 times)