Bitcoin Forum

What the hell just happened?

Edit: Did someone just push a $50k order at once?

Thats what it looks like.

Maybe a drug king pin decided to start using bitcoin.

Going to be a crazy bounce.

Huh.

buy buy $4
hello $5
 ;D

Something doesn't seem right. Someone with $50k to invest is probably smart enough to realize they could have slowly bought over 2-3 days at a much lower cost-average than a single market price order. Perhaps they wanted to break the technical boundary and send a signal to the market? This is very bullish, imo.

Maybe they have a lot more than $50K that they intend to invest.
This could be the signal to attract other sellers into the market so they can buy a lot more.

Haha, funny thought. Maybe they ARE dollar cost-averaging.

Yea, that's a scary (in a good way) thought I just had as well.

Someone with $50k to invest still has to wonder whether someone with $51k is going to get in before them and push the price up.

So getting the coins NOW might be important to them for that reason.

I just got home from work and pulled up bitcoincharts and then, WTF!

I just saw this about a second ago and yelled "Jesus christ!" and woke my wife up. lol.

And, seriously, where did all this new hashing power come from?  Something's fishy.

I remember the day we creamed our collective pants about $1 parity  :'(

Buying AMD's GPUs?

All that while the price of my bitcoin ads remain the same, at least for time being. In fact, I think the price of my ads went up or stay stable.  ;)

Yeah. baby! Bring in the dough!

Yep, cleaned out all the sells all the way up to $5 ... gonna be a $5 plus weekend, .. probably $7.50 is next place for a pause cause there ain't much on the sell side at the moment.

Wow

What ads are these?

It would be great if this was a few individuals making large purchases as opposed to one guy. Maybe the print media just hit

It shows up at:

http://bitcoinweekly.com

Yeah, right.  Some rich guy just finished reading the Forbes article.   ;)

It might be Adam Curry who mentioned it on his podcast. He might have sold his gold bar to buy bitcoins.

http://bitcointalk.org/index.php?topic=7791.msg113725#msg113725 (http://bitcointalk.org/index.php?topic=7791.msg113725#msg113725)

Kiba,

How widely are those ads running?

Thanks for doing them!

Widely? It functuates from at least 1 hundred to several hundred uniques.

Did anyone else besides me notice that all but 1 of the 5850's for sale on newegg are now sold out?

Hmmm....

There is now an open buy order on MTGOX for 6000 BTC  @ $4 each.   ($24,000 USD worth)  

I wonder if it is the same guy.


EDIT  ***** It's gone now.   It looks like we have a big stealth buyer lurking on Mt. Gox *****

Yea, I just looked... strange. Must be the same guy. He's still got some change to spend.

Another $24k USD would blow us through the asks to $6

Wonder how low it'll drop when the selloff begins.

Or several big stealth buyers .... the forbes magazine guys who read it in bed in their smoking jackets at the hamptons spent the first 24 hours thinking "wtf is this, geek money!? huh?" ... the next few hours ringing brokers etc to see how they can get in on it ... and now show up ... that's the sharp or desperate ones ... the big rollers will be slower and more methodical like elephants but it will be unmistakeable if they show up ... 0.02 btc worth.

This was just a late night buy or maybe a larger Japanese investor that didn't understand how MtGox worked, IMHO.

Its the mBTC on the way!

I meet one man which speculated thousands of dollars on bitcoin/mtgox. I was surprised that he doesn't know too much about how this exchange works technically. For example that he can place order to some price level and wait until it is filled by others and NOT move the market by his order...

I would also buy a lot of coins if I had the money.  :-\ Couldn´t you have waited for two years or so. I´m not realy woundering, BTC is just great, I think it´s gona work fine.