Time to buy back in! | Bitcointalksearch.org

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: Cluster2k on August 06, 2011, 10:47:33 PM

"Time to buy back in", the cry went out when bitcoins were at $10. Now they're over 30% lower, in 3 days. Time to buy back in?

It's strange that people hang onto the theory of the "bot guy" placing order walls and then taking them away. Who is this mysterious "bot guy", is he alone and how many bitcoins does he have? It all sounds a little conspiracy theorist like. Anyone who has been around the share market for a while knows bids tend to clump around nice even numbers in penny stocks. There will be more orders at $0.10 then $0.09 for example. It's not a "bot guy" doing it, it's human nature. If there really is one "bot guy" out there with enough bitcoins to lower the price of bitcoins, then the whole concept of bitcoins is broken. One person shouldn't have that much power to set the price for everyone else.

The fact that the bid walls disappear as bitcoin's price approaches them is logical too. If you saw the price of a share plummet, would you stay at your old bids or lower them in anticipation of an even lower price? It's pretty logical.

Any millionaire can literally own the entire market tonight... Money talks...

Cluster2k

legendary

Activity: 1692

Merit: 1018

"Time to buy back in", the cry went out when bitcoins were at $10. Now they're over 30% lower, in 3 days. Time to buy back in?

It's strange that people hang onto the theory of the "bot guy" placing order walls and then taking them away. Who is this mysterious "bot guy", is he alone and how many bitcoins does he have? It all sounds a little conspiracy theorist like. Anyone who has been around the share market for a while knows bids tend to clump around nice even numbers in penny stocks. There will be more orders at $0.10 then $0.09 for example. It's not a "bot guy" doing it, it's human nature. If there really is one "bot guy" out there with enough bitcoins to lower the price of bitcoins, then the whole concept of bitcoins is broken. One person shouldn't have that much power to set the price for everyone else.

The fact that the bid walls disappear as bitcoin's price approaches them is logical too. If you saw the price of a share plummet, would you stay at your old bids or lower them in anticipation of an even lower price? It's pretty logical.

error

hero member

Activity: 588

Merit: 500

Quote from: Shinobi on August 06, 2011, 10:27:32 PM

No, I'm not! Someone mentioned guns. I was poking fun a libertards. I'm a pacifist actually.

Yes, it was you. I don't know how you call yourself a pacifist with a straight face.

Shinobi

full member

Activity: 196

Merit: 100

No, I'm not! Someone mentioned guns. I was poking fun a libertards. I'm a pacifist actually.

error

hero member

Activity: 588

Merit: 500

Quote from: Shinobi on August 06, 2011, 08:46:36 PM

Quote from: error on August 06, 2011, 08:41:26 PM

I'm bullish long-term. And since it seems likely that the massive sell-off of the last few days is due in large part to the sale of stolen bitcoins, it also seems likely that in the short term the price will recover, as it always has after a massive sell-off of bitcoins.

There's been about 2 months of relevant history. You look foolish to speak as if there's any meaningful analysis that can be done. "As it always has..." ... You crack me up!

Aren't you the guy who wanted to send out gunmen to run the exchanges the way you want them run? You would crack me up if you weren't so damn dangerous.

Jack of Diamonds

sr. member

Activity: 252

Merit: 251

$6 per coin is too good to pass up. I don't care if it goes to 2-3 bucks or worse short term, I'm holding onto these.
Just spent 10% of my money on Gox & withdrew plenty of BTC to offline wallets.

You are utterly insane if you don't buy up right now. The price is $5.9. Even if you're in it just for short term profits you'll thank yourself.

Shinobi

full member

Activity: 196

Merit: 100

Quote from: error on August 06, 2011, 08:41:26 PM

I'm bullish long-term. And since it seems likely that the massive sell-off of the last few days is due in large part to the sale of stolen bitcoins, it also seems likely that in the short term the price will recover, as it always has after a massive sell-off of bitcoins.

There's been about 2 months of relevant history. You look foolish to speak as if there's any meaningful analysis that can be done. "As it always has..." ... You crack me up!

error

hero member

Activity: 588

Merit: 500

Quote from: BillX on August 06, 2011, 08:14:06 PM

Quote from: pennytrader on August 06, 2011, 08:03:15 PM

Quote from: error on August 06, 2011, 07:51:40 PM

Quote from: Oldminer on August 06, 2011, 05:44:46 PM

Quote from: dissipate on August 04, 2011, 04:44:51 PM

So the strategy here is to sell low and buy high. Sounds like a winning plan!

Sounds like some people have...

I've been watching people sell low all weekend.

Are you the guy who claimed (or was confident) BTC will go back to $14 SOON a couple weeks ago? Save your money and don't catch a falling knife.

Error is the ultimate fanboi.

I'm bullish long-term. And since it seems likely that the massive sell-off of the last few days is due in large part to the sale of stolen bitcoins, it also seems likely that in the short term the price will recover, as it always has after a massive sell-off of bitcoins.

BillX

member

Activity: 112

Merit: 10

Quote from: pennytrader on August 06, 2011, 08:03:15 PM

Quote from: error on August 06, 2011, 07:51:40 PM

Quote from: Oldminer on August 06, 2011, 05:44:46 PM

Quote from: dissipate on August 04, 2011, 04:44:51 PM

So the strategy here is to sell low and buy high. Sounds like a winning plan!

Sounds like some people have...

I've been watching people sell low all weekend.

Are you the guy who claimed (or was confident) BTC will go back to $14 SOON a couple weeks ago? Save your money and don't catch a falling knife.

Error is the ultimate fanboi.

David M

sr. member

Activity: 476

Merit: 250

It's hit my technical bottom of $6.14. Trying to move funds into the exchanges ATM.

YMMV

pennytrader

sr. member

Activity: 254

Merit: 250

Quote from: error on August 06, 2011, 07:51:40 PM

Quote from: Oldminer on August 06, 2011, 05:44:46 PM

Quote from: dissipate on August 04, 2011, 04:44:51 PM

So the strategy here is to sell low and buy high. Sounds like a winning plan!

Sounds like some people have...

I've been watching people sell low all weekend.

Are you the guy who claimed (or was confident) BTC will go back to $14 SOON a couple weeks ago? Save your money and don't catch a falling knife.

error

hero member

Activity: 588

Merit: 500

Quote from: Oldminer on August 06, 2011, 05:44:46 PM

Quote from: dissipate on August 04, 2011, 04:44:51 PM

So the strategy here is to sell low and buy high. Sounds like a winning plan!

Sounds like some people have...

I've been watching people sell low all weekend.

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: dissipate on August 04, 2011, 04:44:51 PM

So the strategy here is to sell low and buy high. Sounds like a winning plan!

Sounds like some people have...

Mousepotato

hero member

Activity: 896

Merit: 1000

Seal Cub Clubbing Club

This is pretty low, broseph.

dissipate

sr. member

Activity: 288

Merit: 251

So the strategy here is to sell low and buy high. Sounds like a winning plan!

GeniuSxBoY

hero member

Activity: 616

Merit: 500

The bot guy has to remove his 1000 incrementals first. He has them placed like stairs.

bitclown

full member

Activity: 185

Merit: 100

There's still way too many asks from people who have no interest in holding bitcoins. I suggest we drag them down to $1 and then kick them in the butt and run up to $50. Grin

Mousepotato

hero member

Activity: 896

Merit: 1000

Seal Cub Clubbing Club

We've been chillin within $.30 of the daily high all day now and it seems like the panic sellers (myself included) have finally calmed down. Now everybody back into the pool! All the cool kids are doing it!

Topic: Time to buy back in! (Read 1658 times)