Bitcoin Forum

Economy => Speculation => Topic started by: misterbigg on November 27, 2012, 03:03:36 AM



Title: What the heck triggered that dump?
Post by: misterbigg on November 27, 2012, 03:03:36 AM
9,000BTC selloff, 50 cent drop in a matter of minutes


Title: Re: What the heck triggered that dump?
Post by: BCB on November 27, 2012, 03:22:21 AM
speculation


Title: Re: What the heck triggered that dump?
Post by: Yuhfhrh on November 27, 2012, 03:22:33 AM
Someone wanted to buy a nice car for Christmas?

speculation

More than likely


Title: Re: What the heck triggered that dump?
Post by: byronbb on November 27, 2012, 04:39:09 AM
Someone saw silver take a quick dive and wanted to move out of bitcoin and into metal?:

https://bitcointalk.org/index.php?topic=127897.0

Interestingly sounds like the silver drop was a glitch on kitco's part.

https://bitcointalk.org/index.php?topic=85687.msg1359722#msg1359722

https://www.kitcomm.com/showthread.php?s=3815d15b62ab15a50e63e41d8a7d5ded&t=111547



Title: Re: What the heck triggered that dump?
Post by: vokain on November 27, 2012, 04:39:20 AM
Someone saw silver take a quick dive and wanted to move out of bitcoin and into metal?:

https://bitcointalk.org/index.php?topic=127897.0

I can't think of a way to move money from Gox to a brokerage fast enough to do that.


Title: Re: What the heck triggered that dump?
Post by: bitcoinbear on November 27, 2012, 05:09:30 AM
Nothing to see here. It is just a big miner making their monthly cash out to pay the electric bill.

Also, the price jumped up rather sharply the past week, a downward correction is almost inevitable.


Title: Re: What the heck triggered that dump?
Post by: SynOps on November 27, 2012, 06:15:19 AM
Nothing to see here. It is just a big miner making their monthly cash out to pay the electric bill.

Also, the price jumped up rather sharply the past week, a downward correction is almost inevitable.

Agree with both parts, but speculation could still be the reason, but surely the downward correction will happen for sure