Bitcoin Forum

Economy => Speculation => Topic started by: marlo_brando on April 24, 2013, 08:24:21 AM



Title: 100k USD in less than 5 minutes
Post by: marlo_brando on April 24, 2013, 08:24:21 AM
Did you see that guy selling 100k USD in bitcoins at 5$ less than the market price in Bitstamp (10$ less than mtgox) this morning??? (Around 10:20 GMT+1 time)
WTF!
Any idea of why would someone do that in a price growing situation like this?



Title: Re: 100k USD in less than 5 minutes
Post by: myself on April 24, 2013, 08:26:45 AM
Any idea of why would someone do that in a price growing situation like this?
panic exit nothing new


Title: Re: 100k USD in less than 5 minutes
Post by: zoinky on April 24, 2013, 08:27:50 AM
To confuse you.


Title: Re: 100k USD in less than 5 minutes
Post by: ronaldlee0917 on April 24, 2013, 08:30:34 AM
Maybe he doesn't want to keep the coins overnight, volatility of Bitcoins is no news.


Title: Re: 100k USD in less than 5 minutes
Post by: sumantso on April 24, 2013, 08:32:30 AM
He is buying Gold.


Title: Re: 100k USD in less than 5 minutes
Post by: Zaih on April 24, 2013, 08:45:50 AM
No balls


Title: Re: 100k USD in less than 5 minutes
Post by: kibblesnbits on April 24, 2013, 09:39:19 AM
A Winklevoss wanted a new watch.


Title: Re: 100k USD in less than 5 minutes
Post by: rpietila on April 24, 2013, 09:43:41 AM
"Too much money to care" is the likely explanation.

Srsly, a guy walked in to my office today and wanted to sell BTC50. He had been out, partying with guys and his fiat position was depleted. I had €5,000 in 50 euro notes and ordered my assistant to count them in front of the guy. Meanwhile I asked if he is serious to sell for 5% less than the exchange. He said ok, I ordered a glass of Valpolicella brought to him, and bought it at EUR 104 per.


Title: Re: 100k USD in less than 5 minutes
Post by: StarrManUK on April 24, 2013, 09:51:10 AM
Damn....I was asleep, would have been a great buying oppurtunity :-\


Title: Re: 100k USD in less than 5 minutes
Post by: advanced on April 24, 2013, 09:54:05 AM
Maybe he doesn't want to keep the coins overnight, volatility of Bitcoins is no news.

I'm building a bot for mtgox to run on your computer. It will check the price while you sleep and do actions (sell/buy) for you. Simple to use.

I'm now gathering volunteers for the beta test (only need 5 more) that will have lifetime free bot. If you want join the beta-testing, PM me!
See related discussion @ https://bitcointalk.org/index.php?topic=182946.msg1909254#msg1909254 (https://bitcointalk.org/index.php?topic=182946.msg1909254#msg1909254)


Title: Re: 100k USD in less than 5 minutes
Post by: StarrManUK on April 24, 2013, 10:49:35 AM
Looks like somebody just did it again.


Title: Re: 100k USD in less than 5 minutes
Post by: nkspace on April 24, 2013, 11:25:37 AM
its the smart ones, knowing what suckers rally looks like, and dumping thier coins, nothing new here


Title: Re: 100k USD in less than 5 minutes
Post by: Rampion on April 24, 2013, 11:27:31 AM
its the smart ones, knowing what suckers rally looks like, and dumping thier coins, nothing new here

Now be bold and tell us what do you think: will the suckers rally go up to $200 or it will burst now?