molecular (OP)
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August 23, 2012, 06:57:00 PM |
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Probably everyone notices these 5000 BTC asks spaced evenly every 0.05 USD. couldn't find a thread about this... What does everyone think what the intentions of the person/group doing this are?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Yuhfhrh
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August 23, 2012, 06:57:42 PM |
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Cost averaging I suppose
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thezerg
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August 23, 2012, 07:00:41 PM |
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I think it means that whoever was putting up those huge ask walls a few weeks ago is now a script kiddie
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molecular (OP)
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August 23, 2012, 07:04:26 PM |
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I think it means that whoever was putting up those huge ask walls a few weeks ago is now a script kiddie
lol, except the script got lazy above 11 and increased the size and space... to may be manual after all
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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DublinBrian
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August 23, 2012, 07:25:04 PM |
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The ask stairway is in the euro market as well.
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jimbobway
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August 23, 2012, 07:25:56 PM |
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Walls are too easily spotted so a staircase was built but it still acts like a wall. Good try, manipulator.
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byronbb
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HODL OR DIE
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August 23, 2012, 08:11:02 PM |
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Prevents price from rising. Someone with a lot of coins might be waiting on a wire...........
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nibor
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August 23, 2012, 08:38:49 PM |
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Assuming it is all the same person that is a lot of BTC to have sitting in a MtGox account!
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molecular (OP)
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August 23, 2012, 08:40:52 PM |
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Walls are too easily spotted so a staircase was built but it still acts like a wall. Good try, manipulator.
manipulator should have a talk with randomizer
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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herzmeister
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August 23, 2012, 10:06:33 PM |
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^ harr, nice
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molecular (OP)
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August 24, 2012, 10:22:19 AM |
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^ harr, nice
hehe, +1 nice one, myself.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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unclescrooge
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August 24, 2012, 10:32:46 AM |
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Same wall on mtgox usd and mtgox eur.
Can it be the same coins, or does it mean there is 400 000 coins in the hand of one person? (who the hell could it be...)
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muyuu
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August 24, 2012, 10:35:54 AM |
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If someone needs a large amount of coins, he's going to need to climb that.
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GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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August 24, 2012, 10:37:14 AM |
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If someone needs a large amount of coins, he's going to need to climb that.
pirateat40
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bitcool
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Live and enjoy experiments
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August 24, 2012, 11:36:19 AM |
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For the true believers, stairs to the heaven is a gift (bitcoin) God sent.
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Savior
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August 24, 2012, 11:38:25 AM |
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Wish I had a few million dollars on mtgox now
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Endgame
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August 24, 2012, 11:48:42 AM |
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Is the stairway to heaven a permanent fixture, or only there at night? This could give us a clue to its maker's intentions
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morkai421
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August 24, 2012, 11:58:57 AM |
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Can this stairway be fake ? Does it represent actual btc ? If I had 10.000 and placed multiple ask, which one would be shown on the wall ?
If this wall/stairway is real, then a rally seems difficult. I suspect lots of USD sits on mtgox, waiting for an hypothetical sizeable drop in price secondary to a panic sell. What could cause this panic sell ? A large dump. If this dump is a speculation move (trying to bring the price down to buy low), it could be risky for the one doing it, because lots of people are waiting for an opportunity to buy low too. It could be a dump from people wanting out of the bitcoin wold for various reason. I doubt it, but feel free to correct me.
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molecular (OP)
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August 24, 2012, 12:02:18 PM |
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it's to intimidate the bulls and try to prevent a rally
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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unclescrooge
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August 24, 2012, 12:04:01 PM |
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So far it's working, price is stable like a corpse.
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