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The market dropped 20%. Big fishes are selling. Quickly sell your BTC! In one hour it will be too late!!!

I just sold 100 Bitcoins for 5 dollars. Boy, I got lucky.

Fucking guy wants to create a panic just to buy some cheap coins

It's it the weekend. Isn't this normal?

Parent poster: Nice try chicken little.

Feel free to sell yours, I could use more

Quote from: TraderTimm on June 05, 2011, 07:49:36 PM

Parent poster: Nice try chicken little.

Feel free to sell yours, I could use more

So, just out of curiosity, why does the value of Bitcoin drop over weekends?

Quote from: benx009 on June 05, 2011, 07:57:04 PM

So, just out of curiosity, why does the value of Bitcoin drop over weekends?

My guess is that it is harder to get new funds into Mt Gox on weekends (speaking from experience of one method I use).

Panic everywhere on all markets!! Mtgox shut off! I told you.

The collapse was canceled due to lack of interest. Tongue

Quote from: Monoquark on June 05, 2011, 07:59:07 PM

Quote from: benx009 on June 05, 2011, 07:57:04 PM

So, just out of curiosity, why does the value of Bitcoin drop over weekends?

Because the cash flow MtGox<->USD slows (apparently some banks don't send money over weekends).

Wth? Everywhere I look today people saying this. On what other planet is a >20% increase a drop? Close of bizness Friday price was under $14.

Please go all out arbing this trend smarties.

Quote from: unemployed on June 05, 2011, 08:08:43 PM

Panic everywhere on all markets!! Mtgox shut off! I told you.

Umm.... no.

Mods, any way we can get the little-boy-who-cried-wolf here a little education in alarmist posts?

Quote from: TraderTimm on June 05, 2011, 08:15:00 PM

Mods, any way we can get the little-boy-who-cried-wolf here a little education in alarmist posts?

I sure as hell hope not. He can say whatever he pleases about the market.

Please do cause a panic. I could use some cheap coins.

Quote from: FreeMoney on June 05, 2011, 08:13:11 PM

Wth? Everywhere I look today people saying this. On what other planet is a >20% increase a drop? Close of bizness Friday price was under $14.

Please go all out arbing this trend smarties.

The dip starts when buyers run low on money on the exchange, it does not start as soon as the banks close for the weekend. Because there have been dips on most weekends people save back some money to try to buy cheaper thereby making the dip come later.

I expect it each weekend but I have not been able to predict at what point in the weekend it will happen so I don't try to make money off it.

This is the first one of these I've ever made. Just for you OP.

don't panic mr mainwaring!

Quote from: Drifter on June 05, 2011, 08:18:50 PM

Quote from: TraderTimm on June 05, 2011, 08:15:00 PM

Mods, any way we can get the little-boy-who-cried-wolf here a little education in alarmist posts?

I sure as hell hope not. He can say whatever he pleases about the market.

I more or less agree that he can say whatever he wants (yelling "fire" in a crowded theatre is not the same as the crass manipulation he is attempting).

I just hope that everyone realizes what a jerk he is, and prepares for all the manipulation attempts from every direction that will be coming our way as everyone from script kiddies to banksters try to take this game-changing technology down. Stay calm, make rational decisions.

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