Silk Road forums

Discussion => Off topic => Topic started by: tizzat on October 08, 2012, 07:53 am

Title: BTC market drop out?
Post by: tizzat on October 08, 2012, 07:53 am
Did the bitcoin market just crash while i was trying to enjoy my weekend? just noticed if it wasnt bad enough at 11 dollars a btc, someone just sold 16,000 of them for 10 a btc.
Title: Re: BTC market drop out?
Post by: Shroomeister on October 08, 2012, 08:10 am
Still holding around $12 USD. Sounds like some one just wanted out quickly. I have done it before.

...its already bouncing back.
Title: Re: BTC market drop out?
Post by: Ahoyhoy on October 08, 2012, 03:49 pm
Damn...missed my window of opportunity again....there's a killing to be made by anyone with time enough to watch the BTC rate before pouncing on a dip.
Title: Re: BTC market drop out?
Post by: Limetless on October 08, 2012, 03:51 pm
Yeah it needs to creep back up to £8.50 a pop. Then I shal be a happy man again.
Title: Re: BTC market drop out?
Post by: Shroomeister on October 08, 2012, 03:57 pm
Damn...missed my window of opportunity again....there's a killing to be made by anyone with time enough to watch the BTC rate before pouncing on a dip.

Yup. I have made my fair share in arbitrage. Usually on some of the smaller euro markets.
Title: Re: BTC market drop out?
Post by: TheDrowningGecko on October 08, 2012, 04:46 pm
Since friday it's dropped over a dollar. My bitcoin tracker says their at 11.06 USD currently and when I bought mine on Friday they were well over 12.00  :'(
Title: Re: BTC market drop out?
Post by: AdmiralSpanky on October 08, 2012, 05:48 pm
I've been waiting for a drop - at least a small one. Last time coins hit around $15 USD per coin, the same thing happened.

If you were sitting on a small pile of coins and you needed to cash out, wouldn't you wait until the market price climbed a bit? I would. The market will recover like any market, but now is a good time to buy!
Title: Re: BTC market drop out?
Post by: trainfour20 on October 08, 2012, 05:53 pm
I pegged my account to dollars instead of BTC, and i've been watching it drop all day... started out at 33.76... now im at 30.96 ??? .... lame.... haha

Edit: 30.94 :(
Title: Re: BTC market drop out?
Post by: Ahoyhoy on October 08, 2012, 07:24 pm
Damn...missed my window of opportunity again....there's a killing to be made by anyone with time enough to watch the BTC rate before pouncing on a dip.

Yup. I have made my fair share in arbitrage. Usually on some of the smaller euro markets.


'tis a high risk investment for sure - especially since governments seem to really dislike the lack of control they are able to exert. Paradoxically, their 'behind the scenes' attempts to impede BTC markets by pressuring banks is resulting in BTC value gains and making BTC investors very wealthy.
Title: Re: BTC market drop out?
Post by: Shroomeister on October 08, 2012, 07:49 pm
There is always (almost) a flow of coins at my control. I usually throw some here and some there for fun.

When the market reached that $15 high a couple months ago, I was able to cash out quick. Most the coins I was hold was from a $6.50 high in the middle of June. I dumped a bunch at $14 and damn year doubled up.

when you are talking a couple thousands coins....it adds up quick.
Title: Re: BTC market drop out?
Post by: libertyseller on October 08, 2012, 09:53 pm
Its like holding silver, gold, ammunition etc., everything has its up and downs- what I have figured out with any of the above, regardless what happens in the markets, if you hold a solid number of any of the above or all- you will stay pretty good monetarily ;)

 :)


Made FRNs in 2008-09 selling extra ammo, made FRNs in 2006-2010 selling/ buying silver and gold, and have made money using bitcoins for buying and selling those items the state hates. ;0


Ahoy mateys, ye see the skull n bones, i see's the broad strokes of profit.