Maybe this wall is real? He wants to sell his coins but he doesn't want to kill bitcoin with dumps.
Satoshi, Tim Draper, Winklevoss twins, Ethereum?
The wall is very real (when it's up) Seems like the behaviour of a lone whale deciding to get out. prolly mined them all on a laptop. Any org like ethereum would probably get out in a more sedate manner, trying to stay under the radar. Ethereum still has 26.6 K of their original 31.6 K bitcoins left untouched in their IPO address, so the wall's not down to them. https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 |
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What does the rest of the book look like? If (s)he hit "sell now" how far down would 30K bitcoins take us? I went to stamp, but it didn't show the whole thing.
I could only read it down to about $240, but the home page says their 24h volume was 69600 BTC, which is over two times bigger than the amount the whale is selling. If (s)he hit "sell now" it might clear all the buy orders, but I doubt the effects would last long. |
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Maybe pressure from the wife... wife:
honey we want dollars not bitcoins
early adopter:
but the blockchain will free mankind, plus if we wait we can afford a large island with airstrip and helis and jets etc.
wife:
but if you sell today we can get the olympic size pool instead of the regular size.
early adopter:
shit... ok, $300 is my lowest price (deploys THE WALL)
wife:
wow hun your dollar amount no longer says zero in the account, in fact its going up by $3000 a minute... I LOVE YOU HUN!
etc...
That makes sense. I originally thought it's because he wants the money, but it's probably because she wants the money. |
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Will the 20000 bitcoin bitstamp sell order at $300 throw your calculations off a bit?
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Maybe it's Satoshi giving us all an equal chance to buy cheap coins.
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What do you think will happen to the price after the order is sold/removed?
Last two times he pulled it, the price went up to 320 ish I was almost ready to panic buy at $325, but then his $300 wall appeared. Thanks to whoever put that wall there. |
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What do you think will happen to the price after the order is sold/removed?
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If that was gets eaten completely. Nice solid floor?
Dude that would take a huge cash infuse into the market right now, plus not to forget others selling.... I roughly worked it out to a day and a half to sell the lot at the current rate of buys. The silk road bitcoins buyer could have got a better deal today, and he had the money to buy the lot in one go. |
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How long do you think it will take to eat through the wall?
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Whoever it is just wants $6,756,207, which seems fair enough. Let him sell his coins and become the 6 million+ dollar man.
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There's not much point manipulating one exchange if you can't simultaneously manipulate all the other big exchanges. People would just buy cheap off your one manipulated exchange and dump at high prices on the other exchanges.
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It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.
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What if all Ethereum investors get 5 bitcoins back for every bitcoin they invested, but bitcoin's only worth $50 by then? I know it's an extreme example, but bitcoin's already getting close to half the price it was during the Ethereum IPO.
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I have never actually understood there to be a legitimate need for any "turn in" process anyway. It would seem to me that any "V2" of a coin could just be seeded from the chain state of its predecessor in its genesis. This fact makes me suspect of the practice.
Using that technique would save people who never heard about a swap from losing coins. Imagine the furor if bitcoin did a swap to a v2 and only gave people a month to hand their old coins in. Taking a block chain snapshot sounds better. |
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Sorry, I did not notice the pound sign in your £2xx. My eyes are still blurred from lack of sleep due to watching the price all last night.
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It hit $301 on bitstamp a few minutes ago! It bounced back up by $5 but it makes me wonder how long until it hits £2xx.
It's already in £2xx It depends which exchange you look at. Bitstamp's current low is 301.0, maybe it's lower somewhere else. |
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It hit $301 on bitstamp a few minutes ago! It bounced back up by $5 but it makes me wonder how long until it hits £2xx.
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I watched massive buy walls instantly crumpled by selling directly into the bid yesterday. The funny thing wa that the sell walls were almost non existent, but the buy walls kept on shattering.
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Maybe bitcoin was going to crash anyway and Russia's ban made it crash a bit sooner than it might have.
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Bullshit  |
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