Bitcoin Forum

http://i42.tinypic.com/10zu7wk.png

Its actually more then 10k already.

Maybe somebody wants Bitcoin to slow down a bit... :)

unless... it is gox  :o

yeah, maybe they are going to solve their fiat problems by slaughtering pigs?  ;D

I noticed that too, and came searching for this thread. It looks funny now that it's high and dry:

http://i41.tinypic.com/iqhjyc.jpg

Do you think it's someone who bought in big at $263 last April and has been waiting all this time to make a $10 profit on all their coins?

Buy into it and watch it get pulled.  :D

Same old, same old.

They're not new coins, that's half the existing coins on gox. When they're gone, what will the last 10k go for?

Probably. I usually don't believe in market manipulation most of the time, but that seller is either trying to discourage buying or they are just imbecilic. And I actually think it might be the latter, given the fact that they are selling 10k BTC on Gox anyway. Unless its some stupid Japanese person who doesn't realize that he/she are hurting the market by putting up a wall that big.

This ^

Or Mark himself.  :D

Will it be bought in, or will it be dumped. Thats the question.

It will be pulled. No question here.

Is that you Mark?

They would have dumped it already....

If that wall goes there is almost nothing left on gox (unless someone throws in more)

http://en.m.wikipedia.org/wiki/273_(number)


Kind of ironic...

China didnt give a flying fuck and was first to recover (early) to 1590, only 0.5% from its high. Stamp followed with a recovery to $253, only 1% below its high. Finally now gox is following. There are 1300BTC of new bids including a 608. Oh there goes the buying.

What 's the Chinese symbol for Honey Badger?

蜜獾 (http://baike.baidu.com/view/301749.htm)

This is the dynamic I predicted a few weeks ago, which looks like it's playing out:


China doesn't care about MtGox ATH that much, and the rest of the world doesn't care about 1600 round number of yuan much, etc. So we should see less stickiness at round numbers with this nice balance between the 3+ exchanges.

As for the huge wall, it's to be expected at an ATH where so many people have bad memories of failing to sell or not being able to sell. It could also be Roger Ver or another Bitcoin saint throwing their weight around a bit in an effort to keep the rally at a sustainable pace.

That it isn't in the orderbook doesn't mean it isn't there. It can also mean that people have faith in bitcoin going to the moon and not risk losing their coins by making sell orders :)

But I think new orders will pop up when the wall is gone.

10k cheap coins. Get them while you can!

Perhaps the wall stays up for some time and the other exchanges simply ignore it.

Maybe it's the guy who sold the two pizzas.

That's not half the existing coins on gox, it's half the existing coins on the order book. There could be many times that number in gox, but not on the book.

 please read what I wrote in the parentheses

Aaaand it's pulled.

Unfortunately for him, he did not succeed in getting a lower entry point. :D

edit: Actually, looks like he is fracturing the ask to disguise it and make it look more organic.

Ask sum didn't change. Not pulled, just staggered or hidden better.

Or trying to make sure he/she has an escape route when the wall gets eaten into.

lol he pulled it and made smaller 1000 btc walls.

LOL as if no one still sees what he is doing.  :D :D

Pirate did the same thing...price still went where it was meant to go...

UP.

Gone again. :D

he realized he will never be able to withdraw his $2,5 million on GOX xD

And now he pulled the staircase again as well. Guess he got the coins he wanted and we are free to go again.

It's me playing around with nothing better to do... ;D

<whisper>Oh wait, I haven't even logged into Gox for months, ah well, one can dream of throwing BTC10k around, can't one?</whisper> ;D

I think whoever is doing that wall-planting game of placing a wall and removing it once the first buys reach it, just "lost" 1k of his 10k stash (they got bought instantly).

He managed to sell 3.5k out of the 10k, but he may be running out of time.

Why? The longest time will be waiting for the Gox dollars anyway.

But I agree that he probably sold ~3.5k of his 10k stash already (and he is also kinda nuts with his wall orders, it's funny to watch).

and the remaining 6500 he is now showing at 266.9.

All he wants is cashing out at this level. I guess no move upwards until he is done

pull... put back... make staircases.... then all in one bid again.
It must be a woman.
Make up your mind will ya?!

I guess if you have 10,000 BTC now is the best time in the history of BTC to profit.  I think it is only going to keep going up with China on board now though so a little patience would be wise perhaps.  Maybe this person missed the opportunity in April and was determined to sell the next time it got to $266.  If I had 10,000 BTC I might be tempted to sell some too. ;)  But no such luck unfortunately.

But if this person is thinking of selling now and buying back lower later that might be a little risky.  Are we really sure it is going to go down again or are we priming the pump for a massive explosion?  I think we have just skimmed the surface of what is in store.  I am bullish though.  ;D

Good game. The trickier part will be to get the USD out of MtGox

He wont get it out of MtGox, so new wall under 260, cool

It's my understanding that the gox order-book shows all currencies, so they may not be trading to USD, but some other currency that he can withdraw.

look at bid wall on bitstamp...

Alternative hypotheses:

1. He actually wants to buy a certain amount of coins below this price. So, the wall prevents the price form going up and he buys everything that appears under his wall in the orderbook, then lifts the wall when he has enough.

2. Someone found his old wallet with 10k coins, similarly to that Norwegian guy, and decided to cash out immediately. Without checking how best to go about it. Fortunately, he did not click 'sell now'.

3. Gox is gambling with our coins in hopes of solving their probable liquidity problem.

Its.. the same as it has been for.. quite awhile?

 ::)

It could be arbitrage between gox and bitstamp to bring them back into alignment. The gap is closing, now only $3-ish difference.

yeah how did this gap close so quickly? did I miss some gox news?

maybe they aren't selling on gox because they know the money is not real


lol

Now only a few cents! That hasn't happened for a while.

what will happen? Exciting !!! :D

Serious buying @bitstamp, I bet the wall goes down!!!

or maybe it is Mark Karpeles himself...

In all seriousness it very well might be, because there's little logical reasons to sell that much coins on mtgox right now... On an exchange where you can get your usd maybe, but not on mtgox...

Anyone who paid attention over the night know what happened to the wall? Did it get pulled or did we buy right through it?

Bought right through the mofo.