Topic: Warning: How many of you Bears have ever been a victim of a Short Squeeze? - page 11. (Read 43772 times)
January 14, 2012, 01:45:55 AM
How many?
January 07, 2012, 07:48:42 PM
yep I was buying then too as long term buy & hold, for example:
Bought 8 Oct 2011 - Intersango
36.364 @ $4.28
Balance 526 BTC
Bought 8 Oct 2011 - Intersango
40 @ $3.89
31.6 @ $3.89
Balance 598 BTC
Bought 17 Oct 2011 - Intersango
50 @ $3.15
100 @ $1.57 (even though the price on MTG never fell below $2.26)
Balance 748 BTC
Bought 22 Oct 2011 - Intersango
253.93 @ $3.14
Total Balance 1,002 BTC
I just thought as everyone (nearly) was predicting a drop over the end of 2010 holiday period that it would become self fulfilling especially with bitcoinica to leverage the sentiment, when it became obvious that new money was jumping in instead I switched horses & thankfully am back in the black there just holding without any leverage for now
Bought 8 Oct 2011 - Intersango
36.364 @ $4.28
Balance 526 BTC
Bought 8 Oct 2011 - Intersango
40 @ $3.89
31.6 @ $3.89
Balance 598 BTC
Bought 17 Oct 2011 - Intersango
50 @ $3.15
100 @ $1.57 (even though the price on MTG never fell below $2.26)
Balance 748 BTC
Bought 22 Oct 2011 - Intersango
253.93 @ $3.14
Total Balance 1,002 BTC
I just thought as everyone (nearly) was predicting a drop over the end of 2010 holiday period that it would become self fulfilling especially with bitcoinica to leverage the sentiment, when it became obvious that new money was jumping in instead I switched horses & thankfully am back in the black there just holding without any leverage for now
January 07, 2012, 07:41:49 PM
oh, the other thing that was obvious, to me at least, was that Bitcoinica had come online in September with short selling.
sprayed all over the forum were guffaws from the shorts high fiving about all the profits they'd made which was an indication of everyone on the same side of the boat.
sprayed all over the forum were guffaws from the shorts high fiving about all the profits they'd made which was an indication of everyone on the same side of the boat.
January 07, 2012, 07:32:34 PM
this is where technical analysis becomes handy despite all the naysayers. we had a declining wedge down to the $2 level. it slowly started leveling out via the indicators revealing declining selling pressure. you could see the momentum beginning to change.
also, inspection of the bid ask walls was instructive. go back thru this thread and re read my warnings. especially the one about the bid wall @$2. lots of ppl around here called them fake. they aren't. you have to put up real money on mtgox to build a wall and ppl don't do it lightly b/c they can be hit by a market order before u can pull it down.
the best thing mtgox ever did for the community was to eliminate dark orders. everything now is transparent unlike the Spring.
i remember seeing that massive wall form at $2. i immediately sat up and wired a shitload of USD's to mtgox to join that wall. i don't remember exactly what the total amount of the wall ($150K i think) was but it was huge in comparison to the ask walls.
it was clear a line was being drawn in the sand and i helped make it. guys like Revalin will call that manipulation but i see it differently. the fundamentals of Bitcoin are there and those of us who recognize that took advantage of what clearly was an oversold price.
also, inspection of the bid ask walls was instructive. go back thru this thread and re read my warnings. especially the one about the bid wall @$2. lots of ppl around here called them fake. they aren't. you have to put up real money on mtgox to build a wall and ppl don't do it lightly b/c they can be hit by a market order before u can pull it down.
the best thing mtgox ever did for the community was to eliminate dark orders. everything now is transparent unlike the Spring.
i remember seeing that massive wall form at $2. i immediately sat up and wired a shitload of USD's to mtgox to join that wall. i don't remember exactly what the total amount of the wall ($150K i think) was but it was huge in comparison to the ask walls.
it was clear a line was being drawn in the sand and i helped make it. guys like Revalin will call that manipulation but i see it differently. the fundamentals of Bitcoin are there and those of us who recognize that took advantage of what clearly was an oversold price.
January 07, 2012, 07:18:01 PM
lol, for sure if I'd have gone long it would have crashed - the bitcoin gods just seem to love sticking it to me, every time that I buy there'll be an almost instant price spike down & visiversa, I did see the light though & went long from before xmas with increasing leverage & though nearly wipped out on a big buy at the then $5.50 top before a reverse just managed to hold the position enough to clear my previous losses & then some, so it's all good - at least atm & on paper (unrealised profits)
edit: ps this is just gambling, I'm totally long on bitcoin as holding over 6 times that as permanent investment & would have been much more except for a recent income that fell through - bitcoin gods again, as soon as I decide to up my stake by 10 times the price promptly doubles, I like to think of it as a kind of test of faith or initiation & maybe they'll treat me better further down the road
edit: ps this is just gambling, I'm totally long on bitcoin as holding over 6 times that as permanent investment & would have been much more except for a recent income that fell through - bitcoin gods again, as soon as I decide to up my stake by 10 times the price promptly doubles, I like to think of it as a kind of test of faith or initiation & maybe they'll treat me better further down the road
January 07, 2012, 07:17:02 PM
None of us really know. So, would have been just as likely that you could have went long then and it could have crashed just the same. hedge both sides when it gets volatile like this.
and don't give up [on BTC ;-)]!
and don't give up [on BTC ;-)]!
+1
January 07, 2012, 07:07:08 PM
That day is here.
good call, I followed the herd's historical rumenations of what's likely to happen over the holiday period that time & shorted with increasing leverage from the 22nd Nov to the 1st Dec 2011, I lost $567 before I closed out
sorry to hear that, m8. None of us really know. So, would have been just as likely that you could have went long then and it could have crashed just the same. hedge both sides when it gets volatile like this.
and don't give up!
cheers
January 07, 2012, 07:04:41 PM
its ok. double bottoms are not uncommon. the blockchain marches on.
RISK ON! LOL
Any day now the money is going to come pouring in, you'll see, you'll see...
Yes all those investors just sitting around waiting for the right moment to dump millions into bitcoins. Reminds me of that hilarious post cypher made earlier in this thread.
Quote
i can easily see professional investors looking over the table:
Q: whats this over here, Bitcoin? i thought it was done?
A: no, still hanging around.
Q: didn't it get hacked?
A: the exchange did but the source code didn't.
Q: is Gavin still around?
A: yes.
Q: how about those other guys, Stefan Thomas, Amir Taaki, and Jeff Garzik?
A: they're still there too.
Q: God, i thought they would've given up by now if Bitcoin really was a ponzi.
A: nope.
Q: any improvements in security?
A: tons. consumers are now protected by encryption and mtgox hasn't suffered another attack.
Q: really? how much is it now?
A: $2
Q: you're kidding. didn't you say it acts like gold? a limited supply?
A: yes
Q: well, our gold/silver plays aren't doing so well.
A: lets pour a few million into Bitcoin. its oversold and maybe we can get a short squeeze going.
Q: whats this over here, Bitcoin? i thought it was done?
A: no, still hanging around.
Q: didn't it get hacked?
A: the exchange did but the source code didn't.
Q: is Gavin still around?
A: yes.
Q: how about those other guys, Stefan Thomas, Amir Taaki, and Jeff Garzik?
A: they're still there too.
Q: God, i thought they would've given up by now if Bitcoin really was a ponzi.
A: nope.
Q: any improvements in security?
A: tons. consumers are now protected by encryption and mtgox hasn't suffered another attack.
Q: really? how much is it now?
A: $2
Q: you're kidding. didn't you say it acts like gold? a limited supply?
A: yes
Q: well, our gold/silver plays aren't doing so well.
A: lets pour a few million into Bitcoin. its oversold and maybe we can get a short squeeze going.
ANY DAY GUYS THINK POSITIVE!
That day is here.
good call, I followed the herd's historical ruminations of what's likely to happen over the holiday period that time & shorted with increasing leverage from the 22nd Nov to the 1st Dec 2011, I'd lost $567 before I closed the position out
January 07, 2012, 05:14:45 PM
Looking back, we've been through about 10 squeezes since cypherdoc made this thread. 
January 01, 2012, 07:34:01 PM
January 01, 2012, 07:27:29 PM
This is most certainly temporary. Bulls are going to get mauled in the coming days and weeks. Sorry guys.
Just wanted to highlight this gem
Proudhon was not just certain, but "most certain."I think what I got wrong there was the timeframe. I think in the coming months this will get corrected. I'm still a fundamentals bear.
January 01, 2012, 06:22:23 PM
This is most certainly temporary. Bulls are going to get mauled in the coming days and weeks. Sorry guys.
Just wanted to highlight this gem
Proudhon was not just certain, but "most certain." January 01, 2012, 06:09:24 PM
You can all stop squeezing now. thanks. 
January 01, 2012, 05:37:15 PM
How many?
December 01, 2011, 09:37:36 AM
I don't post very much. Just wanted to say I feel dumb for not jumping into this sooner. The bitcoin is rising back up, so it's clearly more resilient than what naysayers believe. This indeed is the effect of more progressive bids/sales that hold stronger than the so-called "bid-walls", yes?
I feel very proud to have supported the bull side of things in this.
(P.S: If I could get more involved in actual trade, then I may have a better grasp of how exactly the market swings. This speculation is all well and worth the read, but obviously I should tread into the waters before truly waxing fiscal)
(P.P.S: Possibly this post would work better as standalone. Oh well...)
I feel very proud to have supported the bull side of things in this.
(P.S: If I could get more involved in actual trade, then I may have a better grasp of how exactly the market swings. This speculation is all well and worth the read, but obviously I should tread into the waters before truly waxing fiscal)
(P.P.S: Possibly this post would work better as standalone. Oh well...)
December 01, 2011, 08:39:18 AM
lulz sudden bidwall. I went long exactly two seconds before it went up.
November 30, 2011, 11:09:36 PM
November 30, 2011, 11:00:39 PM
November 30, 2011, 06:01:25 PM
November 30, 2011, 05:32:10 PM
wow. the Dow is goiing vertical. will it hit +500?
Has anyone done an overlay with gox over the Dow, yet? I would like to see if it lines up. Jump to: