What has caused the latest drop > 114USD ( Now 107) - page 2.

tokeweed

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Quote from: gambitv on June 07, 2013, 05:56:17 AM

This can't of done it. http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/

I suspect it is the same people manipulating the market when the 20k were dumped earlier on the week.

Seems we are still in cowboy land on e-exchanges with easy manipulation by the big players.

are you really that naive that manipulation doesnt happen in, say, the new york stock exchange?

this is nothing new in markets. prices go up, prices go down. either way, you can profit. what sucks is when it is going sideways.

tokeweed

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Quote from: freedomno1 on June 09, 2013, 05:35:01 AM

Quote from: suryc on June 09, 2013, 05:31:05 AM

Quote from: tokeweed on June 09, 2013, 04:24:04 AM

an unlikely scenario but... what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

Gets more popcorn out and brings some pizza

LOOOL

freedomno1

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Learning the troll avoidance button :)

Quote from: suryc on June 09, 2013, 05:31:05 AM

Quote from: tokeweed on June 09, 2013, 04:24:04 AM

an unlikely scenario but... what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

Gets more popcorn out and brings some pizza

suryc

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Play2Live pre-sale starts on January 25th

Quote from: tokeweed on June 09, 2013, 04:24:04 AM

an unlikely scenario but... what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

tokeweed

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interesting... how much would the price of btc will that be?

Eastwind

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Maybe the price will drop to the point that GPU miner will make to profit due to the electricity price. For me, it is $68.

tokeweed

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an unlikely scenario but... what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

Nik1ab

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freedomainradio.com

It will rise again Grin

Time to buy some ultra cheap coins Grin

tokeweed

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Quote from: gambitv on June 09, 2013, 04:07:04 AM

Getting interesting now. We have crashed through 94. I read someone bleating on about it only really being worth 8USD per coin.

Getting out the popcorn, time to sit back and see where it goes.

now that guy is just creating a doom and gloom scenario. no one really knows where this will go, when it'll stop. all you can do is short sell, enjoy the ride and wait for the trend to reverse.

gambitv

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Getting interesting now. We have crashed through 94. I read someone bleating on about it only really being worth 8USD per coin.

Getting out the popcorn, time to sit back and see where it goes.

01BTC10

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Quote from: tokeweed on June 09, 2013, 03:41:30 AM

Quote from: 01BTC10 on June 09, 2013, 03:37:54 AM

To short there is :

https://bitfinex.com/exchange
https://icbit.se

Also CFD trading with fiat:

http://www.plus500.com/?id=67311&pl=1

I'm short since 2 weeks. Notbad.

do those sites have leveraged trading?

I use bitfinex with 2.5:1 leverage and plus500 with 5:1 leverage.

tokeweed

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Quote from: 01BTC10 on June 09, 2013, 03:37:54 AM

To short there is :

https://bitfinex.com/exchange
https://icbit.se

Also CFD trading with fiat:

http://www.plus500.com/?id=67311&pl=1

I'm short since 2 weeks. Notbad.

do those sites have leveraged trading?

tokeweed

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Quote from: suryc on June 09, 2013, 03:33:43 AM

Quote from: tokeweed on June 09, 2013, 03:22:27 AM

Quote from: suryc on June 09, 2013, 03:16:23 AM

For a professional trader, is there any good way to short btc?
Are there any exchanges that have reliable put/call options contracts?

I'm not contemplating doing this myself, just curious how much sophistication there is in the various bitcoin/fiat exchange platforms.

i'm not a pro but the only way is to borrow btc. sell it. then buy back at lower prices then give them back to the guy who loaned it to you.

there's coinsetter (leveraged trading, good for this kind of thing), but they are in private beta i think.

I've heard talk of futures/options contracts and such, but never seen it implemented anywhere. Anybody know anything about that?

there's btc binary options on some forex trading sites. but those are a scam. you'd be losing money in the longterm playing with those.

01BTC10

vip

Activity: 756

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To short there is :

https://bitfinex.com/exchange
https://icbit.se

Also CFD trading with fiat:

http://www.plus500.com/?id=67311&pl=1

I'm short since 2 weeks. Notbad.

suryc

sr. member

Activity: 298

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Play2Live pre-sale starts on January 25th

Quote from: tokeweed on June 09, 2013, 03:22:27 AM

Quote from: suryc on June 09, 2013, 03:16:23 AM

For a professional trader, is there any good way to short btc?
Are there any exchanges that have reliable put/call options contracts?

I'm not contemplating doing this myself, just curious how much sophistication there is in the various bitcoin/fiat exchange platforms.

i'm not a pro but the only way is to borrow btc. sell it. then buy back at lower prices then give them back to the guy who loaned it to you.

there's coinsetter (leveraged trading, good for this kind of thing), but they are in private beta i think.

I've heard talk of futures/options contracts and such, but never seen it implemented anywhere. Anybody know anything about that?

tokeweed

legendary

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watch out for may 5, 2013 low at mt.gox. that's at 79. see if that breaks down. if it does, start looking at 4/16/2013 low. that's at 50.01 at mt.gox.

such a good market for short sellers right now.

tokeweed

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Quote from: suryc on June 09, 2013, 03:16:23 AM

For a professional trader, is there any good way to short btc?
Are there any exchanges that have reliable put/call options contracts?

I'm not contemplating doing this myself, just curious how much sophistication there is in the various bitcoin/fiat exchange platforms.

i'm not a pro but the only way is to borrow btc. sell it. then buy back at lower prices then give them back to the guy who loaned it to you.

there's coinsetter (leveraged trading, good for this kind of thing), but they are in private beta i think.

tokeweed

legendary

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Life, Love and Laughter...

Quote from: suryc on June 09, 2013, 02:21:03 AM

Well, it dipped below 100 momentarily.

Fundamentally, I don't see why the price should go down too much. I would think that as Difficulty increases, the value of a BTC would also increase because the cost of mining new coins has increased (cost in terms of hardware anyway).

there billion dollar companies' stock prices that fundamentally shouldn't go down but they just do. that's the market.

suryc

sr. member

Activity: 298

Merit: 250

Play2Live pre-sale starts on January 25th

For a professional trader, is there any good way to short btc?
Are there any exchanges that have reliable put/call options contracts?

I'm not contemplating doing this myself, just curious how much sophistication there is in the various bitcoin/fiat exchange platforms.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: ?? on ??

The drop could be because the heart and soul of Bitcoin (SHA-2) is owned (made) by NSA. Just look at all the news about PRISM.
The 100 psychological barrier broke, where will it bottom out?

that's anyone's guess. panic selling will start soon after this.

Topic: What has caused the latest drop > 114USD ( Now 107) - page 2. (Read 5212 times)