Uh oh | Bitcointalksearch.org

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

Quote from: zby on February 08, 2012, 12:55:35 PM

Quote from: teflone on February 08, 2012, 12:50:00 PM

Quote from: proudhon on February 08, 2012, 12:45:26 PM

Quote from: N12 on February 08, 2012, 12:43:27 PM

Quote from: s1mngg on February 08, 2012, 12:40:36 PM

im so mad. i bought in at 5.62.... GRR

Feels good to buy along with the Bitcoinica gamblers, doesn’t it?

All hail the stabilizing effect of bitcoinica.

Hahhaha

These dips are gold gold gold gold for bitcoinica...

Imagine the liquidations attached to these.. hahaha

Bitcoinica, the water based bandaid on an evaporating dyke wall...

Zhou announced (https://bitcointalksearch.org/topic/m.737825) that there was about 500BTC of forced liquidations in that - and this is quite probable for me - I don't think there will be any massive liquidations above 5. By the way anyone knows what the % hedged means on bitcoinica first page? Now it is over 180% - while it used to be between 20% and 80%.

I don't know. I thought it meant how big of a part was hedged on Gox instead of traded internally, but then obviously this number shouldn't be able to go over 100%. We probably need Zhoutong to clear this up for us

zby

legendary

Activity: 1592

Merit: 1001

Quote from: teflone on February 08, 2012, 12:50:00 PM

Quote from: proudhon on February 08, 2012, 12:45:26 PM

Quote from: N12 on February 08, 2012, 12:43:27 PM

Quote from: s1mngg on February 08, 2012, 12:40:36 PM

im so mad. i bought in at 5.62.... GRR

Feels good to buy along with the Bitcoinica gamblers, doesn’t it?

All hail the stabilizing effect of bitcoinica.

Hahhaha

These dips are gold gold gold gold for bitcoinica...

Imagine the liquidations attached to these.. hahaha

Bitcoinica, the water based bandaid on an evaporating dyke wall...

Zhou announced (https://bitcointalksearch.org/topic/m.737825) that there was about 500BTC of forced liquidations in that - and this is quite probable for me - I don't think there will be any massive liquidations above 5. By the way anyone knows what the % hedged means on bitcoinica first page? Now it is over 140% - while it used to be between 20% and 80%.

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Quote from: proudhon on February 08, 2012, 12:45:26 PM

Quote from: N12 on February 08, 2012, 12:43:27 PM

Quote from: s1mngg on February 08, 2012, 12:40:36 PM

im so mad. i bought in at 5.62.... GRR

Feels good to buy along with the Bitcoinica gamblers, doesn’t it?

All hail the stabilizing effect of bitcoinica.

Hahhaha

These dips are gold gold gold gold for bitcoinica...

Imagine the liquidations attached to these.. hahaha

Bitcoinica, the water based bandaid on an evaporating dyke wall...

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: N12 on February 08, 2012, 12:43:27 PM

Quote from: s1mngg on February 08, 2012, 12:40:36 PM

im so mad. i bought in at 5.62.... GRR

Feels good to buy along with the Bitcoinica gamblers, doesn’t it?

All hail the stabilizing effect of bitcoinica.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: s1mngg on February 08, 2012, 12:43:09 PM

Quote from: proudhon on February 08, 2012, 12:42:18 PM

Somebody is desperately trying to cause a panic.

what do you achieve from causing a panic?

Well, if you shorted, then profit.

N12

donator

Activity: 1610

Merit: 1010

Quote from: s1mngg on February 08, 2012, 12:40:36 PM

im so mad. i bought in at 5.62.... GRR

Feels good to buy along with the Bitcoinica gamblers, doesn’t it?

s1mngg

newbie

Activity: 28

Merit: 0

Quote from: proudhon on February 08, 2012, 12:42:18 PM

Somebody is desperately trying to cause a panic.

what do you achieve from causing a panic?

proudhon

legendary

Activity: 2198

Merit: 1311

Somebody is desperately trying to cause a panic.

s1mngg

newbie

Activity: 28

Merit: 0

im so mad. i bought in at 5.62.... GRR

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: proudhon on February 08, 2012, 12:38:42 PM

The market is getting trolled hard today.

I'm generally bullish but I am glad I got out at the 5.80ish top. Just didn't feel like it would hold. I wonder if this second dump to 5.30 will trigger anything deeper.

proudhon

legendary

Activity: 2198

Merit: 1311

The market is getting trolled hard today.

NamelessOne

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Activity: 840

Merit: 1000

ooohhh dammmnnnn!!!!

muyuu

donator

Activity: 980

Merit: 1000

Quote from: proudhon on February 08, 2012, 11:32:54 AM

I feel for you Euro guys.

Your avatar seems appropriate for some reason.

proudhon

legendary

Activity: 2198

Merit: 1311

I feel for you Euro guys.

N12

donator

Activity: 1610

Merit: 1010

Quote from: ?? on ??

Err... the price was at 5.75 before the sell. If I was buying there, what's $0.05 more?

Ah, looks like you are right. Generally it’s just herd mentality and panic either way.

Quote from: ?? on ??

Then why was he using TOR again? Doesn't MtGox frown upon TOR? Am I being trolled?

I would rather avoid a big loss than follow MtGox’s stupid rules just because I cannot access it.

If they cannot handle a 24/7 exchange, they should not be having it trade 24/7.

Vandroiy

legendary

Activity: 1036

Merit: 1002

Quote from: ?? on ??

Then why was he using TOR again? Doesn't MtGox frown upon TOR? Am I being trolled?

How else is anyone in the blackout zone supposed to connect to Gox? In case you haven't noticed, a lot of traders are not able to connect to Mtgox right now. I don't know a single person from Europe who can connect.

There are two "mtgox is down" threads right below this one, in case you haven't noticed.

N12

donator

Activity: 1610

Merit: 1010

Quote from: ?? on ??

Quote from: N12 on February 08, 2012, 10:54:10 AM

You are missing how markets work. Grin

Oh right! Buy high, sell low. Forgot.

You could also ask the same question with regard to the buyers. Why did they suddenly decide to buy at 5.8, but before the crash that price was way too high?

Vandroiy

legendary

Activity: 1036

Merit: 1002

Quote from: ?? on ??

Now why didn't this person sell during the decent volume on the climb past 5.80? What am I missing?

Maybe he was still constructing an accepted TOR circuit, duh?

I don't know about you, but most people don't have onion routing setup on their trading PCs.

Edit: I expect the majority of EU traders and bots is still disabled. The smaller bots may even be hacked together in a way that makes setting up a proxy a little annoying. And most of all, people may not have the time.

Expect some arbitrary motion when the European traders return.

NamelessOne

legendary

Activity: 840

Merit: 1000

Perhaps they were trying to see if that wall would hold. It shrank by 3000 btc in the last 20 or so minutes. Or perhaps it is just the same 'big player' say 'oh no you don't! That wall is gone!'

N12

donator

Activity: 1610

Merit: 1010

Quote from: ?? on ??

Now why didn't this person sell during the decent volume on the climb past 5.80? What am I missing?

You are missing how markets work. Grin

Maybe he wasn’t on MtGox at the time.
Maybe he thought it would go up further.
Maybe …

Topic: Uh oh (Read 2153 times)