HUGE market sell order happening right now..

[BitTrade]

Anyone watching this?  Just dropped frm 580 to 500 (gox) in a few minutes

edit:  sorry, wrong subforum

[alexius89]

30000 BTC sold within minutes...

[DeathAndTaxes]

wow it temporarily pushed gox below other exchanges

[Rodyland]

Always fascinating to watch in (near-)real-time.

[keatonatron]

It's happening again. Clark Moody's site is still streaming all the trades, it looks to be 10-15 minutes behind (Gox lag, maybe)

[Inedible]

it's awesome to watch.

Lag at over 10 mins right now.

[Inedible]

Satoshi awakens!

[JTrain_51]

Just went to 550 then back down to 503 come on guys buy bitcoin

[Inedible]

It's all looking a bit weird now...

[jzcjca00]

Theory: Someone with lotsa bitcoins wants to see sustained strong growth rather than short-term wild swings and has decided to push the price back down to $500.  Their purpose could be to increase the probability of eventual adoption. 

[Inedible]

Theory: Someone with lotsa bitcoins wants to see sustained strong growth rather than short-term wild swings and has decided to push the price back down to $500.  Their purpose could be to increase the probability of eventual adoption. 

It isn't a smart way of doing it. Looks like it spooked the market.

[Walter Rothbard]

Theory: Someone with lotsa bitcoins wants to see sustained strong growth rather than short-term wild swings and has decided to push the price back down to $500.  Their purpose could be to increase the probability of eventual adoption. 

It isn't a smart way of doing it. Looks like it spooked the market.

Won't matter in the long term.