For the noobs: This is merely MtGox's retarded engine looping a single sell over and over again. Happened many times in 2011 as well.
Have I said 2011 yet?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31887. (Read 26718082 times)
November 19, 2013, 11:36:10 PM
November 19, 2013, 11:35:57 PM
Anyone watching on Clarkmoody, its just repeatedly selling from 590 to 500 and back from 590 down again, over and over
November 19, 2013, 11:35:15 PM
Who's putting all the new bids in at 500? Somebody wants the market not to go below 500.
November 19, 2013, 11:34:41 PM
Is this the thing were GOX repeats all trades over and over again? Super awesome
November 19, 2013, 11:34:31 PM
What if its the silk road coins on Market Sell!!!!
November 19, 2013, 11:34:21 PM
Are the Winklevii cashing out? lol
November 19, 2013, 11:34:01 PM
Sale still going....... He wants to be remembered.
November 19, 2013, 11:33:56 PM
November 19, 2013, 11:33:20 PM
There goes that 10K wall that was bought up in the 270s lol
How many times can you sell through $500 jeeez!
How many times can you sell through $500 jeeez!
November 19, 2013, 11:33:16 PM
Hey honey would you press Market Sell on those 10K I left on the counter!???
Am i fucking seeing this?!
I guess that's a first world problem for a whale-- how to move massive coins when you missed the most fucking obvious signs...
November 19, 2013, 11:32:52 PM
Welcome to 2011 Reloaded.
You too will learn about risk management.
You too will learn about risk management.
Did you miss US Senators talking about Bitcoins today?
Doesn't seem much like 2011.
The Chinese weren't buying in 2011 either.
November 19, 2013, 11:32:01 PM
Hey honey would you press Market Sell on those 10K I left on the counter!???
Am i fucking seeing this?!
November 19, 2013, 11:31:37 PM
wtf, over 10k sells... 
November 19, 2013, 11:31:14 PM
Someone is moving Gox down very theatrically.
November 19, 2013, 11:30:48 PM
Hey honey would you press Market Sell on those 10K I left on the counter!???
November 19, 2013, 11:30:04 PM
Welcome to 2011 Reloaded.
You too will learn about risk management.
You too will learn about risk management.
Did you miss US Senators talking about Bitcoins today?
Doesn't seem much like 2011.
Yes, 2011 was no different, it was only lower prices.
November 19, 2013, 11:29:40 PM
Wow, some huge sells just now...
November 19, 2013, 11:29:26 PM
I think Goat called it when he observed that the bull run isn't over, it is just being throttled by fiat constraints.
So lots of people are waiting on bank transfers which is creating a huge influx of money?
I think this is an oversimplified view of things. More money is coming in, but people are also getting nervous and jumping ship the longer this thing takes to get moving again.
Furthermore, a lot of people who sent their money in to exchanges may change their mind now that the rally is over and things are slipping.
I'd be pleased to see another move upward but I have no expectation of that.
Agreed, it's not this simple. Of course the bubble didn't run out due to lack of fiat! People need to have logical consistency. During the rise everyone was proclaiming "We can't crash, there are too many exchanges, they can't all fail!". Now the same group of people are shouting "All the exchanges are out of fiat!". It doesn't make any sense.
Look at China: Fiat to the exchanges in under 5 minutes, but buying is subdued. The crash isn't because of "lack of fiat", it's because "areyoumotherfuckinginsaneitjustrose1700%"!
Boring period incoming. Thank Bitcoin -- chance to focus on your family over Christmas instead of checking the price every 20 seconds.
This is it guys. ^^^^
I've been saying that since we reached the old ATH (266) we were at DEFCON 1, DEFCON 2 started at 2X, and DEFCON 3 was when the whale thumped 900 in our faces, and it still plays out into the blood on the street, that, really, is only *just* beginning. I studied the shit out of the trades in April, knew the patterns, and slept *very* little in the last several days, sometimes getting multiple texts at 2, 3, and 4, and was up by 5 the last 2 days. I've probably checked the prices, on average, every 6 minutes of being awake. DEFCON 3 is only 3 or 4 days, and the whole parabolic cycle (20-40 days) is just exhausting.
What did I learn-- that trading is fucking tough; yeah, I made some money, but I could have done a lot better... wait for it... if I had just bought and held. Perhaps, I, too, will pass through the circle of fire that is n00b.
I made 0.5% total.
It was not worth it.
Never again. I'm a firm believer in buy-and-hold now. My position has gotten big enough that I am unlikely to have cash to significantly add to my bitcoin position in the future, but I'm not looking to sell.
This is how it is: I've got a lottery ticket that matches up with everything but the powerball, and it's coming down the chute.
I could sell now and retire a couple years earlier, or I can grow some balls and get my shot at total independence. If it doesn't work out I'll be no worse off than I was last year.
I'm in for the long haul. My dream house is bought in Bitcoin or not at all.
Yeah, I hear ya. And, we aren't dummies...
Still, I believe that the real ticket is if we can contribute to this ecosphere, actually DO something in Bitcoin, work for or start a BTC company, stay active, etc. (holy crap down to 526 while im typing...)
November 19, 2013, 11:28:49 PM
Welcome to 2011 Reloaded.
You too will learn about risk management.
You too will learn about risk management.
Did you miss US Senators talking about Bitcoins today?
Doesn't seem much like 2011.
November 19, 2013, 11:27:54 PM
Welcome to 2011 Reloaded.
You too will learn about risk management.
You too will learn about risk management.
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