'dat wall

[paulie_w]

wtf is going on with the wall at $21? where did it come from?

[RyNinDaCleM]

wtf is going on with the wall at $21? where did it come from?

You must not have seen the 50k walls before. This one is just ~19k

[Phoenix]

Some part of the "chinese excalibur" (avalon's proceeds) perhaps ?

[Cluster2k]

It's just someone playing with the market.  It's not a whole bunch of people suddenly all deciding that $21 is exactly where they want to be.  Keep the market below $21, buy small lots.  Remove 'wall' when the time comes and watch people bid higher.  Dump bitcoins into the strength and repeat.  It's beautiful to watch.

[Piper67]

Some walls push, some walls pull, and never in the exact way you'd expect them to.

[kjlimo]

I was equally surprised to wake up to this.  However, $21 a bitcoin is quite a good deal considering how many ASIC miners will be dumping to deliver ROI in other currencies over the next few months...

[arruah]

Great Chinese Wall.

[Arvicco]

https://bitcointalk.org/index.php?topic=85687.msg1502476#msg1502476

[humanitee]

So nobodies bought into it... and we're convinced it's real?

[davout]

[zoinky]

Scare tactics.

[Vandroiy]

While ~0.2% of the market is not small, Gox is the market at this point. It's not an especially surprising order.

It's an open secret that there exist large BTC traders. IIRC, we've seen a single address that held 500k (!) BTC.

Pirate once dumped 80k for the heck of it. That's four of these orders. (Admittedly, Bitcoin was a little crazier half a year ago -- we can all guess who ultimately paid for that funky move.)

[notme]

we can all guess who ultimately paid for that funky move

raises hand, lower head in shame

[Luno]

While ~0.2% of the market is not small, Gox is the market at this point. It's not an especially surprising order.

It's an open secret that there exist large BTC traders. IIRC, we've seen a single address that held 500k (!) BTC.

Pirate once dumped 80k for the heck of it. That's four of these orders. (Admittedly, Bitcoin was a little crazier half a year ago -- we can all guess who ultimately paid for that funky move.)

I had an eye infection that day so looking at a monitor felt like being stabbed in the eyes. I could see the dump through a blur and my trading alarm went crazy, but all I could think of was pain. Missed a chance to buy coins at half price.

[ThickAsThieves]

dat wall is gone, very cool to watch how someone basically hit pause on the whole market value.

Safe to assume it was to buy all day?

[Luno]

Presumed so also!

[byronbb]

[bitcoinBull]

[Phoenix]

http://cdn.memegenerator.net/instances/400x/34396479.jpg

[humanitee]