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Topic: Why $17? Because this is happening... - page 3. (Read 9089 times)

member
Activity: 96
Merit: 10
January 24, 2013, 06:31:02 PM
#76
What? Market had swallowed >150k coins dump in a day and we are still at 17? How?
hero member
Activity: 700
Merit: 500
daytrader/superhero
January 24, 2013, 06:29:03 PM
#75
No. no its not. You should stop using words you dont understand.
full member
Activity: 126
Merit: 100
January 24, 2013, 06:27:51 PM
#74
You already named it a bubble, it is pretty much the same as a pump and dump.
 I don't think you really understand who sets to gain by a bubble. .
hero member
Activity: 700
Merit: 500
daytrader/superhero
January 24, 2013, 06:26:40 PM
#73
I don't think you know what you are talking about. A bubble isn't a "fraud", it is simply a result of group mentality.  Fraud is intentional deception by a person or group, a bubble like this is a result of ignorance (ie: the price will rise forever!!).
full member
Activity: 126
Merit: 100
January 24, 2013, 06:24:00 PM
#72
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.

Yeah, I know what a pump and dump is. This was a greed induced bubble, not a single person or organization artificially increasing the price through good news and optimism. The way you people see conspiracy in everything is amazing.

People saw the price increasing and jumped on board (panic buy), when the price dropped from profit taking, people abandonded ship (panic sell). Greed, pure and simple.

Were none of you around the last time this happened ($30 bubble)? This is no different.
Yeh but bubbles are frauds as well. They are created. It's really not that hard.
full member
Activity: 126
Merit: 100
January 24, 2013, 06:19:51 PM
#71
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.

Tons of people gained. Pretty much everyone who sold at the top today. No reason it had to be a pump and dump.
Why wasn't it a pump and dump?
hero member
Activity: 700
Merit: 500
daytrader/superhero
January 24, 2013, 06:19:08 PM
#70
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.

Yeah, I know what a pump and dump is. This was a greed induced bubble, not a single person or organization artificially increasing the price through good news and optimism. The way you people see conspiracy in everything is amazing.  You should really look at group psychology instead of looking for a scapegoat when the price swings up or down.

People saw the price increasing and jumped on board (panic buy), when the price dropped from profit taking, people abandonded ship (panic sell). Greed, pure and simple.  

Were none of you around the last time this happened ($30 bubble)? This is no different.
legendary
Activity: 1680
Merit: 1035
January 24, 2013, 06:13:54 PM
#69
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.

Tons of people gained. Pretty much everyone who sold at the top today. No reason it had to be a pump and dump.
full member
Activity: 126
Merit: 100
January 24, 2013, 06:01:31 PM
#68
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.

Your pitchfork is rusty.
Sure. Anything else? Problem attacking the argument. 
?
hero member
Activity: 756
Merit: 522
January 24, 2013, 05:46:51 PM
#67
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.

Your pitchfork is rusty.
full member
Activity: 126
Merit: 100
January 24, 2013, 05:44:07 PM
#66
Btw someone can set of a spark, or make a a value jump sharply and unexpectedly. Off course greed can then take over. Doesn't mean it wasn't planned that way.
full member
Activity: 126
Merit: 100
January 24, 2013, 05:34:31 PM
#65
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
if it's a pump and dumb a person or an organization stood to make a lot of money. Pump and dumps are frauds. Somebody fared by it. it doesn't "just happen" and it's not a scenario of  "no-one" is responsible that's how politicians and fraudsters talk. If its a pump and dump, someone is behind it. So it's a fair question; who stood most to gain.
hero member
Activity: 700
Merit: 500
January 24, 2013, 05:31:34 PM
#64
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).

I don't think this is going to turn into a full blown crash, but it was probably a necessary correction that will help keep long term growth sustained.
hero member
Activity: 700
Merit: 500
daytrader/superhero
January 24, 2013, 05:24:08 PM
#63
It wasnt a single person, it was Greed.

Everyone saw the price skyrocketing and jumped on the bubble, which was followed by profit taking and panic selling.  Dont worry, it'll happen again (and again).
full member
Activity: 126
Merit: 100
January 24, 2013, 05:21:52 PM
#62
More importantly who stood most to gain from it.
full member
Activity: 126
Merit: 100
January 24, 2013, 05:19:44 PM
#61
Huge pump and dump day.


Who was doing the pumping. Had to be news on one front. . Who did it?
hero member
Activity: 700
Merit: 500
daytrader/superhero
January 24, 2013, 04:43:57 PM
#60
I think its because there has been a steady price rise, and hasn't been a major price crash in a while....people are trying to jump in before the bubble pops.

I'm betting we will continue to see the price soar, followed by a major crash sometime this year.  

The more merchants accept bitcoin, the more "money" stays within the BTC system. So it seems that this rise may be sustainable. On the other hand a 50% price increase within a month cries out for a correction.

I doubt that the number of merchants accepting bitcoins increased proportionally with the price of bitcoin. I'd be interested in a #BTCmerchants/#BTCprice ratio graph over time. But that would require someone to measure #BTCmerchants accurately.
Why would it cry for a correction.

Still wondering? Price raising too high and too fast for no reason, combined with profit taking leading to a panic sell.
full member
Activity: 154
Merit: 100
January 24, 2013, 04:34:51 PM
#59
Huge pump and dump day.

legendary
Activity: 1378
Merit: 1003
nec sine labore
January 24, 2013, 04:30:46 PM
#58
Phewh. Going back to normal now

Yeah,

someone is dumping tons of BTC on every exchange...

spiccioli
legendary
Activity: 1680
Merit: 1035
January 24, 2013, 04:29:35 PM
#57
Phewh. Going back to normal now
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