Sterling to get abused even more?

IzzyFreedman

did you manage to sell everything yet Dryhat?

http://www.youtube.com/watch?v=SlJ6oh50hiI

IzzyFreedman

dryhat wrote: »

5h1t
It's down to £70 now

And I promised my missus a nice holiday on the strength of THIS

There's nowt wrong with Blackpool holidays.

You dont need bitcoins for the 2p pushers.

dryhat

IzzyFreedman wrote: »

did you manage to sell everything yet Dryhat?

http://www.youtube.com/watch?v=SlJ6oh50hiI

No mate.

I'm £900 up and I've got 5 bitcoins that effectively cost me nothing but are currently worth 400 odd quid but could become worth even more.

I'm going to keep hold of them to see what happens.

And I might buy some more. Or I might not.

Who knows?

IzzyFreedman

dryhat wrote: »

No mate.

I'm £900 up and I've got 5 bitcoins that effectively cost me nothing but are currently worth 400 odd quid but could become worth even more.

I'm going to keep hold of them to see what happens.

And I might buy some more. Or I might not.

Who knows?

It was greed driving the boom, now its fear driving the plunge.

andy.m_2

Doesnt the story suggest that the smart money offers fear a way out and ultimately profits from it?

andy.m_2

recovery, if we are to believe the bubble diagram by Dryhat then this could be a calm before the sh1tstorm.

Certainly MTGox is showing a lag of 1800s and how can anyone effectively trade not knowing the picture?

I'm sooo glad I was talked out of a trading account and selling, not sure I've got the stones to pull it off!

IzzyFreedman

andy.m wrote: »

recovery, if we are to believe the bubble diagram by Dryhat then this could be a calm before the sh1tstorm.

Certainly MTGox is showing a lag of 1800s and how can anyone effectively trade not knowing the picture?

I'm sooo glad I was talked out of a trading account and selling, not sure I've got the stones to pull it off!

Im still getting 502 Not Found, you are right how can anyone trade when there is no reasoning with the computer. I wish I had a call centre or a human to talk to.

how can anyone effectively trade not knowing the picture?

andy.m_2

you can't, and that is the point of DDOS in this case I should think.

You don't need to create panic, you only need to create confusion and the rumour of panic, people will willingly do the rest.

I admit to cashing out some of my holding at a sniff over my buy price, I also admit I was just about to go balls deep yesterday but my work IT failed me as I was hitting the buy button, saved me it seems but at the time I was livid.

We may have further falls to suffer if this is a false dawn...