Bitcoin Forum

Economy => Speculation => Topic started by: Blinken on April 10, 2013, 07:00:07 PM



Title: Million-dollar payday for somebody
Post by: Blinken on April 10, 2013, 07:00:07 PM
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Kind of sobering if you consider how many people have stashes with 20k or 30k.


Title: Re: Million-dollar payday for somebody
Post by: fredi173 on April 10, 2013, 07:10:12 PM
Big day for the banks today   :'(


Title: Re: Million-dollar payday for somebody
Post by: baracuda on April 10, 2013, 07:13:27 PM
Isn't that standard procedure for IPO's? The guys that got to the business in early own most of the shares.


Title: Re: Million-dollar payday for somebody
Post by: elvisrene on April 10, 2013, 07:28:56 PM
that guy screw over so many people now there panic selling


Title: Re: Million-dollar payday for somebody
Post by: oaxaca on April 10, 2013, 07:36:40 PM
I read it was a 60,000BTC trade.

True story, I woke up this morning and considered selling (it was about 250USD).  Didn't do it.  Don't feel bad at all.


Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Kind of sobering if you consider how many people have stashes with 20k or 30k.


Title: Re: Million-dollar payday for somebody
Post by: DannyHamilton on April 10, 2013, 07:52:05 PM
I read it was a 60,000BTC trade.
- snip -

Source?


Title: Re: Million-dollar payday for somebody
Post by: HBBZ on April 10, 2013, 07:58:00 PM
I watched a free diving and surfing show today, it's exciting and fun. The price is going to restore in 2 days at the most.


Title: Re: Million-dollar payday for somebody
Post by: poblico on April 10, 2013, 08:05:24 PM
that guy screw over so many people now there panic selling

One $%£%$ is all is needed


Title: Re: Million-dollar payday for somebody
Post by: nebulus on April 10, 2013, 08:19:52 PM
Wowwzorz!


Title: Re: Million-dollar payday for somebody
Post by: 2_Thumbs_Up on April 10, 2013, 08:25:59 PM
Interesting:
http://blockchain.info/largest-recent-transactions


Title: Re: Million-dollar payday for somebody
Post by: Ekaros on April 10, 2013, 08:29:47 PM
that guy screw over so many people now there panic selling

Free market is free. Everyone for themselves...

Anyone with resources could have cashed out, and now cashed back in or at later point...


Title: Re: Million-dollar payday for somebody
Post by: MikeH on April 10, 2013, 08:47:46 PM
I guess on the plus side, there are a lot of bitcoins spread around to more people now - and it seems we're bouncing back, so far.


Title: Re: Million-dollar payday for somebody
Post by: sgbett on April 10, 2013, 08:58:25 PM
that guy screw over so many people now there panic selling

Free market is free. Everyone for themselves...

Anyone with resources could have cashed out, and now cashed back in or at later point...

Absolutely right. Why shouldn't they be allowed to sell, they sold into an order book full of people wanting to buy.

The only shame here is that gox couldn't process it fast enough so it dragged on for hours.


Title: Re: Million-dollar payday for somebody
Post by: Amitabh S on April 10, 2013, 09:08:53 PM
I read it was a 60,000BTC trade.
- snip -

Source?
http://blockchain.info/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx
Possibly this. Again this is speculation.


Title: Re: Million-dollar payday for somebody
Post by: alexh on April 10, 2013, 09:11:03 PM
Quote
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Do only 5000 coins have such an impact on the price...?


Title: Re: Million-dollar payday for somebody
Post by: DannyHamilton on April 10, 2013, 09:16:39 PM
Quote
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Do only 5000 coins have such an impact on the price...?

Another way to ask the question would be:

Do only 500,000,000,000 Satoshi have such an impact on price?