Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29680.

hmmmstrange

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Quote from: Richy_T on February 15, 2014, 02:48:36 AM

Quote from: Yololintian on February 15, 2014, 02:39:00 AM

Willie is back dumping 100s of coins every few minutes on gox. I have a theory that this whole crash is being caused by one early adopter that put way too much faith in gox, leaving thousands of coins in there, and he fears they don't actually have his coins now so he's selling to be able to get something back when they default.

If you have a bunch of money and you have a good (but small fraction of your overall wealth) amount of coins on Gox and you're pissed off with them and you expect you're probably not going to see your coins or fiat ever again, it might be tempting to dump just to make Gox look even more ridiculous.

This is the most likely reason.

billyjoeallen

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Quote from: Richy_T on February 15, 2014, 02:49:44 AM

Quote from: billyjoeallen on February 15, 2014, 02:46:31 AM

Don't feed the trolls.

Yes. Note that I didn't quote or refer to any troll directly. Sometimes it's hard to resist but overall, it's the best policy.

The aim of a troll is to get any response, good or bad. Anything you do or say is a victory in their twisted minds.

"I tell fonzie every-time his fud aligns with a crash, that if he's making money shorting great, my issues are the doom he spreads as if this is just a beanie baby styled fad. "

Richy_T

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Quote from: billyjoeallen on February 15, 2014, 02:46:31 AM

Don't feed the trolls.

Yes. Note that I didn't quote or refer to any troll directly. Sometimes it's hard to resist but overall, it's the best policy.

The aim of a troll is to get any response, good or bad. Anything you do or say is a victory in their twisted minds.

ChrisML

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Quote from: ChrisML on February 14, 2014, 10:49:53 PM

My emotions are telling me to buy back in BIG right now. Shocked

But my gut says I need to wait a little bit more.

So, yeah... I am waiting. And I fucking hate waiting.

Guess I was doing pretty well by not stepping in.

Got back from work and it already dropped to $380.

Richy_T

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Quote from: Yololintian on February 15, 2014, 02:39:00 AM

Willie is back dumping 100s of coins every few minutes on gox. I have a theory that this whole crash is being caused by one early adopter that put way too much faith in gox, leaving thousands of coins in there, and he fears they don't actually have his coins now so he's selling to be able to get something back when they default.

If you have a bunch of money and you have a good (but small fraction of your overall wealth) amount of coins on Gox and you're pissed off with them and you expect you're probably not going to see your coins or fiat ever again, it might be tempting to dump just to make Gox look even more ridiculous.

billyjoeallen

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Quote from: Davyd05 on February 15, 2014, 02:42:14 AM

Quote from: NWOreptilian on February 15, 2014, 02:35:23 AM

Quote from: Davyd05 on February 15, 2014, 02:29:34 AM

I just love bitcoin more everyday, people lost in the quick greed, miss the fact were building up to a financial revolution.

we can worry about decentralized currency later....right now I'm trying to make a quick buck and buying on the downs seems like a very reasonable investment opportunity. HOLDing is great, more power to you, but where is the fun in that?

I tell fonzie every-time his fud aligns with a crash, that if he's making money shorting great, my issues are the doom he spreads as if this is just a beanie baby styled fad. I am all for people day trading as well. I bought coins and just wanted to hold em for a minimum of a year, my first bull prediction got blown out of the water for 1k coins by June. Wish I hadn't tried to Dollar cost average in during October.

My buddy told me he was discussing crypto with people at his work (security) someone got in at $5 for 200 coins, and sold them all at $100 hope it wasn't cause he thought we were doomed for single or double digits Cheesy

Don't feed the trolls.

billyjoeallen

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Quote from: Yololintian on February 15, 2014, 02:39:00 AM

Willie is back dumping 100s of coins every few minutes on gox. I have a theory that this whole crash is being caused by one early adopter that put way too much faith in gox, leaving thousands of coins in there, and he fears they don't actually have his coins now so he's selling to be able to get something back when they default.

gotta love newbies. You think that's an original theory?

Davyd05

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Quote from: NWOreptilian on February 15, 2014, 02:35:23 AM

Quote from: Davyd05 on February 15, 2014, 02:29:34 AM

I just love bitcoin more everyday, people lost in the quick greed, miss the fact were building up to a financial revolution.

we can worry about decentralized currency later....right now I'm trying to make a quick buck and buying on the downs seems like a very reasonable investment opportunity. HOLDing is great, more power to you, but where is the fun in that?

I tell fonzie every-time his fud aligns with a crash, that if he's making money shorting great, my issues are the doom he spreads as if this is just a beanie baby styled fad. I am all for people day trading as well. I bought coins and just wanted to hold em for a minimum of a year, my first bull prediction got blown out of the water for 1k coins by June. Wish I hadn't tried to Dollar cost average in during October.

My buddy told me he was discussing crypto with people at his work (security) someone got in at $5 for 200 coins, and sold them all at $100 hope it wasn't cause he thought we were doomed for single or double digits Cheesy

Yololintian

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Willie is back dumping 100s of coins every few minutes on gox. I have a theory that this whole crash is being caused by one early adopter that put way too much faith in gox, leaving thousands of coins in there, and he fears they don't actually have his coins now so he's selling to be able to get something back when they default.

Richy_T

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Quote from: billyjoeallen on February 15, 2014, 02:31:48 AM

Quote from: Richy_T on February 15, 2014, 02:26:01 AM

My god, I'm starting to want the price to go up just so we can see the back of these stupid doom trolls more than anything else.

I doubt that will get rid of them. It hasn't any other time. Their envy is palpable. Their presence is the price of our success.

They always seem to come out more when the price is down by any amount for any amount of time for any reason. They just sound ridiculous when prices are on the way up so they shut up.

I don't mind a good bear. I even find myself agreeing with some of them short-term on occasion and take some good-natured ribbing in good spirits. It's just the incessant bleating gets tiresome (and I know that that is the desired effect so this isn't meant for their ears, just a general grouse). I still have no one on my ignore list but it gets tempting sometimes.

billyjoeallen

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Quote from: HairyMaclairy on February 15, 2014, 02:33:03 AM

Ok I bought at 646. Time to go up. Lets see if I get plastered on this one Cheesy

$1 to the good so far!

NWOreptilian

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Quote from: Davyd05 on February 15, 2014, 02:29:34 AM

I just love bitcoin more everyday, people lost in the quick greed, miss the fact were building up to a financial revolution.

we can worry about decentralized currency later....right now I'm trying to make a quick buck and buying on the downs seems like a very reasonable investment opportunity. HOLDing is great, more power to you, but where is the fun in that?

billyjoeallen

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Quote from: Davyd05 on February 15, 2014, 02:29:34 AM

I just love bitcoin more everyday, people lost in the quick greed, miss the fact were building up to a financial revolution.

I know, right? It's hilarious when I try to explain that it might take a whole year to triple your money. I'm really not used to being the voice of reason, caution and patience. i must be getting old.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Ok I bought at 646. Time to go up. Lets see if I get plastered on this one Cheesy

Mythul

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Quote from: Davyd05 on February 15, 2014, 02:29:34 AM

I just love bitcoin more everyday, people lost in the quick greed, miss the fact were building up to a financial revolution.

Yeah people are so lost trying to make more $ with every coin that they forget the fact that BTC is a new technology and not some Monopoly game.
No wonder the all-time best strategy is HODLing. I think the 10.000 BTC pizza buyer agrees. Grin

billyjoeallen

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Quote from: Richy_T on February 15, 2014, 02:26:01 AM

My god, I'm starting to want the price to go up just so we can see the back of these stupid doom trolls more than anything else.

I doubt that will get rid of them. It hasn't any other time. Their envy is palpable. Their presence is the price of our success.

Davyd05

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I just love bitcoin more everyday, people lost in the quick greed, miss the fact were building up to a financial revolution.

Richy_T

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My god, I'm starting to want the price to go up just so we can see the back of these stupid doom trolls more than anything else.

billyjoeallen

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An almost perfect example of a cup and handle formation on the bitstamp 3 minute chart!

giletto

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Quote from: pjviitas on February 15, 2014, 02:15:06 AM

Quote from: pjviitas on February 15, 2014, 01:50:42 AM

Quote from: billyjoeallen on February 15, 2014, 12:59:31 AM

Quote from: pjviitas on February 15, 2014, 12:52:58 AM

So where is the bottom in this market?

I get the funny feeling it won't be until GOX dies

The bottom is in. The lows from here on out will be higher than previous lows, but we're not going up substantially either. Not for a while unless something major happens.

so do you actually think gox is going to survive this?

I just finished skimming over some of the news feeds on Bitcoin and I can't see this market bottoming out for awile yet.

It's like the whole world hates Bitcoin right now...we very well may see double digit bitcoins again.

Its a bit to dramatic. The whole world hate Bitcoin? Dafuq?

And we are far, far away from 2 digit Coins anymore...

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29680. (Read 26709659 times)