The only thing that really happened was that some folks who think bitcoin is just another market that you use Wall Street strategies for got their clocks cleaned.
The only people selling at $160 and $155 were wonks and day-traders that had stuck in stop-loss orders. Now when they wake up in the morning, they can look at their balances, and then climb back into bed and cry into their pillows because they got their pockets picked.
Bitcoin trading is not Wall Street, and if you try that crap eventually you will get eaten.
The only people selling at $160 and $155 were wonks and day-traders that had stuck in stop-loss orders. Now when they wake up in the morning, they can look at their balances, and then climb back into bed and cry into their pillows because they got their pockets picked.
Bitcoin trading is not Wall Street, and if you try that crap eventually you will get eaten.
+1
I woke up this morning and it's the same price it was yesterday morning.
What bubble, OP?
Seems more like a classic bear trap to me, and you caught yo' foot caught
Hahah. Put down that pipe down, buddy.
Whatever it was, it was all profit for me. Sold 50 BTC (bought at $126) for $197. Then when it dipped down to $166 I bought 30 more. Now those 30 are back to $194 this morning.
All in all 20BTC were really lost yet tons of profit was made. I'm going to keep an eye on those deltas some more.