Fairly large bitcoin price drop today - Page 2 - GoFuckYourself.com

Dirty F · 05-03-2013, 07:28 AM

Quote:

Originally Posted by Choopa Phil

Gottem! So glad I did, just as they started going up. Even tho I got in a little late on the upswing, literally as I was driving to the money gram place.

Yup, well done.
I thought they would hit 70 but it didn't go much lower than 80.
I'm getting quite good at this

Dirty F · 05-03-2013, 07:31 AM

It might not be over though. People are still in panic mode. One 2k+ dump can make it drop right back to 80.

MikeRoth · 05-03-2013, 07:36 AM

I ended up buying LTC instead of BTC. Although I think the profit/loss ratio is the same with either one. Just feels better having 60 LTC than 2 BTC...

I kinda want to buy some FTC for a quick scalp or even to hold for a few weeks.

Dirty F · 05-03-2013, 07:38 AM

Quote:

Originally Posted by MikeRoth

I ended up buying LTC instead of BTC. Although I think the profit/loss ratio is the same with either one. Just feels better having 60 LTC than 2 BTC...

I kinda want to buy some FTC for a quick scalp or even to hold for a few weeks.

Atm it doesn't really matter if you own litecoins or bitcoins...they keep roughly the same value against each other.

Btw i'm actually expecting another big dump around 100 which will make it drop to 70ish.
Phil, you still might've bought too early.
But i hope not.

MikeRoth · 05-03-2013, 07:41 AM

Quote:

Originally Posted by Dirty F

Atm it doesn't really matter if you own litecoins or bitcoins...they keep roughly the same value against each other.

Btw i'm actually expecting another big dump around 100 which will make it drop to 70ish.
Phil, you still might've bought too early.
But i hope not.

Ya same here, I was hoping for a quick 10% scalp before another dump. It's steadily climbing though so I might still get that 10%

Dirty F · 05-03-2013, 07:44 AM

It's going to 100 too fast...it's not gonna be a happy ending i'm afraid :/

WarChild · 05-03-2013, 07:49 AM

I bought 50 BTC at $82.00 and out at $97. Hoping for another drop and more volatility!

Dirty F · 05-03-2013, 07:55 AM

Damnit, i need to go to the gym but i can't move away from the charts...it's really exciting atm.

Dirty F · 05-03-2013, 07:55 AM

Quote:

Originally Posted by WarChild

I bought 50 BTC at $82.00 and out at $97. Hoping for another drop and more volatility!

I think that was a good move.

WarChild · 05-03-2013, 07:57 AM

Quote:

Originally Posted by Dirty F

I think that was a good move.

Yeah nice little profit there. I don't hold them long I only play when they're volatile and there hasn't been a lot of opportunity in the last week or so. I've been using a buy trigger of a combination of volume, MACD and momentum. So far it's been pretty accurate for me.

Choopa Phil · 05-03-2013, 07:57 AM

You think its going to take another dump at $100?

WarChild · 05-03-2013, 07:59 AM

Quote:

Originally Posted by Choopa Phil

You think its going to take another dump at $100?

Hard to say but right now even though there is some pretty good volume, both momentum and MACD are totally flat. I really should have gotten out of the last trade at $95 but I absolutely had to leave the house for a little bit and just got lucky.

icu33774 · 05-03-2013, 08:02 AM

up down up down up down i am lovin it

MikeRoth · 05-03-2013, 08:03 AM

I wish there were stop orders. Can't hold while not at computer, :|

WarChild · 05-03-2013, 08:04 AM

Quote:

Originally Posted by MikeRoth

I wish there were stop orders. Can't hold while not at computer, :|

I feel your pain! I've missed more than one strong buy signal because I couldn't be around.

MikeRoth · 05-03-2013, 08:07 AM

Quote:

Originally Posted by WarChild

I feel your pain! I've missed more than one strong buy signal because I couldn't be around.

What site are you using for charts? I haven't found anything with readable charts. I usually use MACD and Slow Stoch's

WarChild · 05-03-2013, 08:10 AM

Quote:

Originally Posted by MikeRoth

What site are you using for charts? I haven't found anything with readable charts. I usually use MACD and Slow Stoch's

I'm using a feed to Sierra Charts. Unfortunately the forum is down right now but you can get everything you need (for free) from https://bitcointalk.org/index.php?topic=6019.0 when it comes back up.

For MACD I'm using a Fast Moving Average Length of 6, Slow Moving Average Length of 19 and MACD Moving Average Length of 9 on 1 minute chart.

Choopa Phil · 05-03-2013, 08:16 AM

I like this site for charts - http://bitcoinity.org/markets

Paul · 05-03-2013, 08:30 AM

Quote:

Originally Posted by MikeRoth

I ended up buying LTC instead of BTC. Although I think the profit/loss ratio is the same with either one. Just feels better having 60 LTC than 2 BTC...

I kinda want to buy some FTC for a quick scalp or even to hold for a few weeks.

Only a matter of time before Mt Gox announces Litecoin trading

Quote:

Originally Posted by Choopa Phil

I like this site for charts - http://bitcoinity.org/markets

So does Mt Gox

adultmobile · 05-03-2013, 08:33 AM

Quote:

Originally Posted by Choopa Phil

I like this site for charts - http://bitcoinity.org/markets

They have embeddable:

d-null · 05-03-2013, 11:40 AM

http://o.canada.com/2013/05/03/silk-...r-drug-market/

NiXXiN · 05-03-2013, 11:44 AM

i keep forgetting there are bitcoin traders on this forum, i should of given you guys the heads up to sell your bitcoins @ 130 as thats when i first heard about the lawsuit. you bitcoin guys really need to join irc so u know whats happening ahead of the market.

Paul · 05-03-2013, 11:56 AM

Quote:

Originally Posted by NiXXiN

i keep forgetting there are bitcoin traders on this forum, i should of given you guys the heads up to sell your bitcoins @ 130 as thats when i first heard about the lawsuit. you bitcoin guys really need to join irc so u know whats happening ahead of the market.

I usually use Reddit, probably too slow though for breaking news?

Do you have an email address I can contact you on, I've got one or two questions if you can spare a few minutes!

Quote:

Originally Posted by NiXXiN

you bitcoin guys really need to join irc so u know whats happening ahead of the market.

Quote:

Sorry but mIRC only runs on the Windows operating system, so it will not work on the Apple Mac. There are no plans to make an Apple Mac version of mIRC at this time.

Sorry but mIRC only runs on the Windows operating system, so it will not work on Linux. There are no plans to make a version of mIRC that will work on Linux at this time.

Paul · 05-03-2013, 12:08 PM

Quote:

Originally Posted by NiXXiN

you bitcoin guys really need to join irc so u know whats happening ahead of the market.

BTW what channels do you recommend? I think I'm gonna setup a completely separate computer for my Bitcoin/alt currency stuff, the more I read about the security compromises the more paranoid I become.

adultmobile · 05-03-2013, 01:24 PM

Quote:

Originally Posted by NiXXiN

heads up to sell your bitcoins @ 130 as thats when i first heard about the lawsuit. you bitcoin guys really need to join irc so u know whats happening ahead of the market.

Nothing should delay IRC chats from being reposted immediately in blogs, reddit and tweets... and pastebins: http://pastebin.com/E9qf1qEx
And archive.org's: http://ia601700.us.archive.org/8/ite...66.docket.html
In fact, the press knew of the lawsuit before of MtGox itself:

http://bitcoinmagazine.com/coinlab-sues-mtgox/

Mark Karpeles (Mtgox) wrote to Gawker: ?We have not been served nor notified of such a lawsuit (except from your email), so it is difficult for us to comment at this point in time. We will review this within the next hours.?

This is especially gross, both the guys are in bitcoin foundation board, so bitcoin founders sue each other, plus press knows of lawsuit before of MtGox is notified. It looks not so reliable and professional, I bet bankers and economists will joke about this for ages in the news.

And fake MtGox police raid reports

http://ireport.cnn.com/docs/DOC-966426

PR_Glen · 05-03-2013, 01:33 PM

Quote:

Originally Posted by adultmobile

They have embeddable:

anyone else familiar with fibonacci retracement? Looks like an abc down pattern big time.

Dirty F · 05-03-2013, 04:14 PM

Looks like the worst is over...for now at least..
It slowly wants to go up. And there is a huge wall at 90.

But when you look at the bigger picture i don't think it's over at all. Monday could be very nasty. There is very few reasons to buy atm...and all the more to sell.

I really am starting to worry if we would survive another big crash.
The last time people bought like crazy at the lower prices...this isn't happening anymore. People lost trust.

If we drop to 70 again i'm not sure how many people will be left who are brave enough to buy again in big numbers.

Dirty F · 05-03-2013, 04:22 PM

Then again with all the shit Bitcoin has been through the last 2 months and with all the bad news today it still is worth almost 100 bucks.
That surely means something.
I doubt many other products or stocks would survive such a thing.

It is here to stay.

Dirty F · 05-03-2013, 04:27 PM

$95 mini wall eaten. Still a long way to go to $100. Reaching 100 might raise confidence again.
We need some big buys. (5k coins)

Internet Guy · 05-03-2013, 07:58 PM

It's still up over 600% since January 2013...

PromoterX · 05-04-2013, 12:38 AM

It's $102 and climbing again... but big walls to chew through to get back over $110.

Dirty F · 05-04-2013, 04:17 AM

Quote:

Originally Posted by PromoterX

It's $102 and climbing again... but big walls to chew through to get back over $110.

Yup but at least the selling seems to be over.
I bet a lot of people fucked up real hard this round. Others made good money.

Dirty F · 05-04-2013, 04:51 AM

I just read a big Chinese tv channel did a 30 minute special on Bitcoin. Could be good.

Dirty F · 05-04-2013, 07:36 AM

Quote:

Originally Posted by Dirty F

I just read a big Chinese tv channel did a 30 minute special on Bitcoin. Could be good.

Looks like the China news made everyone go crazy.
People are such idiots.

Now it's going up like mad but all it needs is one big dump and everyone panics again and sell their coins and it drops right back to $90.
Panic buying and panic selling. 95% lose money, 5% make big money.

Paul · 05-05-2013, 06:58 AM

Quote:

Originally Posted by Dirty F

Looks like the China news made everyone go crazy.
People are such idiots.

Now it's going up like mad but all it needs is one big dump and everyone panics again and sell their coins and it drops right back to $90.
Panic buying and panic selling. 95% lose money, 5% make big money.

Interesting post in Reddit about it

http://www.reddit.com/r/Bitcoin/comm...what_i_thought

DWB · 05-05-2013, 10:36 AM

Quote:

Originally Posted by Paul

Interesting post in Reddit about it

http://www.reddit.com/r/Bitcoin/comm...what_i_thought

China currently does not allow Bitcoin (or any virtual currency) to be used to purchase real goods. They can only be used for virtual goods, such as games and other online things that are not tangible items. The poster should have known this if he is really Chinese.

Vapid - BANNED FOR LIFE · 05-05-2013, 10:48 AM

Quote:

Originally Posted by Dirty F

Yup but at least the selling seems to be over.
I bet a lot of people fucked up real hard this round. Others made good money.

Paul · 05-05-2013, 01:59 PM

Quote:

Originally Posted by DWB

China currently does not allow Bitcoin (or any virtual currency) to be used to purchase real goods. They can only be used for virtual goods, such as games and other online things that are not tangible items. The poster should have known this if he is really Chinese.

They do love to gamble though

adultmobile · 05-05-2013, 04:07 PM

Quote:

Originally Posted by DWB

China currently does not allow Bitcoin (or any virtual currency) to be used to purchase real goods. They can only be used for virtual goods, such as games and other online things that are not tangible items. The poster should have known this if he is really Chinese.

Chinese (and Russian) are the main miners and exchangers.

Go check alexa stats, bitcoin.org cn = 5%, satoshidice.com cn = 11% (second country after USA). Look mining sites.. biggest one 38% is btcguild.com , whose first country for traffic is China with 21% (USA follows with 17%); deepbit.net ru 18%, cn 14%, us 12%. Litecoin mining, biggest pool is coinotron.com : us 13%, cn 13%, ru 10%. Look for exchangers.. mtgox.com us 28%, cn 6%, ru 6%; vircurex.com us 22%, cn 18%, second country. aurumxchange.com us 14%, cn 12%, ru 11%.

Now, I think Russia potential is already expressed, while China can grow still a lot, which can kick USA in second place everywhere, potentially.

Still I don't think Chinese or Russian may use bitcoin (or litecoin) to buy things in place of fiat currency: they're into it to mine it and to make profit on exchange. They see it as a way to get dollars from stupid westerns of us,ca,au,uk,de,fr etc.
I think only westerns will use bitcoins to buy stuff, so buy bitcoins with dollars from chinese and russians who mined or traded it, and then spend that because is cool and anonymous.
It could be some may spend it with cams and this is why I follow this thing (not sure for mining or trading, I'm no chinese).

Dirty F · 05-05-2013, 04:50 PM

Damn!

http://sourceforge.net/projects/bitc...tes=2013-05-04

Bitcoin client downloads in China.
Yesterday 1,861
Today 23,834

2013 · 05-06-2013, 12:37 AM

oh wow franck

MikeRoth · 05-06-2013, 05:43 AM

I was able to get a 20% gain from Friday to Saturday with LTC. I just used that profit to invest in FTC since it sank back to around where it was pre btc-e.

I think that China has their own coin now. CNC Coin.

tokmansta · 05-06-2013, 06:03 AM

Quote:

Originally Posted by MikeRoth

I was able to get a 20% gain from Friday to Saturday with LTC. I just used that profit to invest in FTC since it sank back to around where it was pre btc-e.

I think that China has their own coin now. CNC Coin.

Mike, if i were you i would invest in lps coins, uir coins and LLECIIKEOE00POL² coins if the price is right.

Choopa Phil · 05-06-2013, 07:56 AM

Almost hit 125 this morning, what do you think it could climb back up to Dirty?

Paul · 05-06-2013, 08:11 AM

Quote:

Originally Posted by MikeRoth

I was able to get a 20% gain from Friday to Saturday with LTC. I just used that profit to invest in FTC since it sank back to around where it was pre btc-e.

I think that China has their own coin now. CNC Coin.

Was just announced on BTC-e for trading

Quote:

Originally Posted by Choopa Phil

Almost hit 125 this morning, what do you think it could climb back up to Dirty?

If there is no more bad news I'd expect 140 - 150 by Friday, I think it'll go higher than that though. If it gets to 140 I'm selling no matter what happens to the price

Dirty F · 05-06-2013, 09:02 AM

Quote:

Originally Posted by Choopa Phil

Almost hit 125 this morning, what do you think it could climb back up to Dirty?

No idea dude.

adultmobile · 05-06-2013, 09:10 AM

Quote:

Originally Posted by Dirty F

Damn!

http://sourceforge.net/projects/bitc...tes=2013-05-04

Bitcoin client downloads in China.
Yesterday 1,861
Today 23,834

Good find. I see China was consistently #2 all the April month already.

2013-04-29 -> 1=USA 2,003; 2=CN 1,027
2013-04-30 -> 1=USA 2,141; 2=CN 938
2013-05-01 -> 1=USA 2,746; 2=CN 954
2013-05-02 -> 1=USA 2,824; 2=CN 1,417
2013-05-03 -> 1=CN 10,350; 2=USA 2,431 (China TV...)
2013-05-04 -> 1=CN 23,834; 2=USA 2,484 (China TV peak...)
2013-05-05 -> 1=CN 4,490; 2=USA 1,235

But I think these Chinese was meant to mine coins, to make money, so bitcoin-QT is useless to them. They will run bitcoin-QT client for weeks, thinking (wrongly) they are mining and waiting for some bitcoin cent to be added to balance... which never happens... they should be told (in chinese) to go in mining pools. Instead, chinese sp4mmy sites are probably replacing dialers with mining client malwares. We already seen gaming clients including hidden mining code... the chinese guys install windows executables for everything, they are not paranoids to install as westerns... so expect massive mining trojans installed to million of chinese computers soon. Even if they have just normal gpu's, they are many and can quite sum up.

Dirty F · 05-06-2013, 09:33 AM

Quote:

Originally Posted by Dirty F

No idea dude.

Actually if i had to guess i'd say 140 and a "crash" back to 110 so.
I can't see it crash to 70's or 80's anymore unless something really bad will happen.
This is just a wild guess based on pretty much nothing so please don't put money on anything i said.

Penny24Seven · 05-06-2013, 10:43 AM

Quote:

Originally Posted by Dirty F

Actually if i had to guess i'd say 140 and a "crash" back to 110 so.
I can't see it crash to 70's or 80's anymore unless something really bad will happen.
This is just a wild guess based on pretty much nothing so please don't put money on anything i said.

but when it goes it he will take all the credit for anyone who made a buck LOL and he says how he is getting good at this yet he is just guessing at numbers and it is not based on anything other then the number he pulls out of his ass. I get a good laugh at his BS and the idiots who tag along behind him

05-03-2013, 07:36 AM	#53
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	I ended up buying LTC instead of BTC. Although I think the profit/loss ratio is the same with either one. Just feels better having 60 LTC than 2 BTC... I kinda want to buy some FTC for a quick scalp or even to hold for a few weeks. __________________ ICQ: 64995031

05-03-2013, 07:49 AM	#57
WarChild Let slip the dogs of war. Industry Role: Join Date: Jan 2003 Location: Bermuda Posts: 17,263	I bought 50 BTC at $82.00 and out at $97. Hoping for another drop and more volatility! __________________ .

05-03-2013, 07:57 AM	#61
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	You think its going to take another dump at $100? __________________ AIM - Choopa Phil Email - [email protected] A World Wide Leader In Hosting! * CHOOPA.COM *

05-03-2013, 08:02 AM	#63
icu33774 Confirmed User Join Date: Jul 2003 Posts: 1,573	up down up down up down i am lovin it __________________ Nvgcash.com Affiliate Program Icq 663072747

05-03-2013, 08:03 AM	#64
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	I wish there were stop orders. Can't hold while not at computer, :\| __________________ ICQ: 64995031

05-03-2013, 07:31 AM	#52
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	It might not be over though. People are still in panic mode. One 2k+ dump can make it drop right back to 80.

05-03-2013, 07:44 AM	#56
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	It's going to 100 too fast...it's not gonna be a happy ending i'm afraid :/

05-03-2013, 07:55 AM	#58
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Damnit, i need to go to the gym but i can't move away from the charts...it's really exciting atm.

05-03-2013, 08:16 AM	#68
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	I like this site for charts - http://bitcoinity.org/markets __________________ AIM - Choopa Phil Email - [email protected] A World Wide Leader In Hosting! * CHOOPA.COM *

05-03-2013, 11:40 AM	#71
d-null . . . Industry Role: Join Date: Apr 2007 Location: NY Posts: 13,724	http://o.canada.com/2013/05/03/silk-...r-drug-market/

05-03-2013, 11:44 AM	#72
NiXXiN Confirmed User Industry Role: Join Date: Apr 2012 Location: Canada Posts: 470	i keep forgetting there are bitcoin traders on this forum, i should of given you guys the heads up to sell your bitcoins @ 130 as thats when i first heard about the lawsuit. you bitcoin guys really need to join irc so u know whats happening ahead of the market. __________________ _______________________________________________ Onliance Resident Ginger \| RBC Member \| AppDev. Irc.Rizon.net #GFY

05-03-2013, 04:14 PM	#77
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Looks like the worst is over...for now at least.. It slowly wants to go up. And there is a huge wall at 90. But when you look at the bigger picture i don't think it's over at all. Monday could be very nasty. There is very few reasons to buy atm...and all the more to sell. I really am starting to worry if we would survive another big crash. The last time people bought like crazy at the lower prices...this isn't happening anymore. People lost trust. If we drop to 70 again i'm not sure how many people will be left who are brave enough to buy again in big numbers.

05-03-2013, 04:22 PM	#78
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Then again with all the shit Bitcoin has been through the last 2 months and with all the bad news today it still is worth almost 100 bucks. That surely means something. I doubt many other products or stocks would survive such a thing. It is here to stay.

05-03-2013, 04:27 PM	#79
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	$95 mini wall eaten. Still a long way to go to $100. Reaching 100 might raise confidence again. We need some big buys. (5k coins)

05-03-2013, 07:58 PM	#80
Internet Guy Confirmed User Join Date: May 2006 Posts: 402	It's still up over 600% since January 2013...

05-04-2013, 12:38 AM	#81
PromoterX Confirmed User Industry Role: Join Date: Sep 2010 Posts: 949	It's $102 and climbing again... but big walls to chew through to get back over $110.

05-04-2013, 04:51 AM	#83
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	I just read a big Chinese tv channel did a 30 minute special on Bitcoin. Could be good.

05-05-2013, 04:50 PM	#90
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Damn! http://sourceforge.net/projects/bitc...tes=2013-05-04 Bitcoin client downloads in China. Yesterday 1,861 Today 23,834

05-06-2013, 12:37 AM	#91
2013 So Fucking Banned Industry Role: Join Date: Jan 2013 Location: lollling Posts: 4,390	oh wow franck

05-06-2013, 05:43 AM	#92
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	I was able to get a 20% gain from Friday to Saturday with LTC. I just used that profit to invest in FTC since it sank back to around where it was pre btc-e. I think that China has their own coin now. CNC Coin. __________________ ICQ: 64995031

05-06-2013, 07:56 AM	#94
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	Almost hit 125 this morning, what do you think it could climb back up to Dirty? __________________ AIM - Choopa Phil Email - [email protected] A World Wide Leader In Hosting! * CHOOPA.COM *