samson (OP)
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Activity: 2097
Merit: 1070
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March 07, 2013, 07:56:55 PM |
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It looks to me like someone's dumping their BTC nice and slowly using sell orders of 500 BTC which get pulled and then relisted every now and again.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
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myself
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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March 07, 2013, 08:17:50 PM |
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get the coins while are cheap, only a fool will keep USD
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Chalkbot
Legendary
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Activity: 896
Merit: 1001
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March 07, 2013, 08:36:35 PM |
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Any idea on how quickly we are burning through these 500 BTC asks? It could be a good indicator of the momentum we'll have after these coins dry up, if that is indeed what is happening right now.
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zkay
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March 07, 2013, 08:56:40 PM |
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It looks to me like someone's dumping their BTC nice and slowly using sell orders of 500 BTC which get pulled and then relisted every now and again.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
Only someone with a large hoard could succeed in baiting it lower, right? And doing so would be self defeating, wouldn't it? |
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Herodes
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March 07, 2013, 08:57:45 PM |
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It looks to me like someone's dumping their BTC nice and slowly using sell orders of 500 BTC which get pulled and then relisted every now and again.
This has been going on for quite a while now. I guess it's an invisible wall.
They were selling for 42.8 and a few seconds after these sold out another ask appeared right at the top for 500 BTC at 41.82699
Now the lower priced orders have sold the ask price has changed back to 42.8
It looks like someone's got a bot which has been programmed to sell chunks of 500 BTC right at the top of the asks and keep the price at 42.8
It would be interesting to see how it responds if someone baited it to sell much lower.
If he's selling in chunks of 500 - he will run dry sooner or later. |
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Bit_Happy
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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March 07, 2013, 09:05:29 PM |
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Yes, I've seen the 500 BTC bot operating (selling) at least twice.
He/she/it responded to a tiny order by going even lower... not the best way to trade.
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Herodes
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March 08, 2013, 12:48:29 AM |
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Yes, I've seen the 500 BTC bot operating (selling) at least twice.
He/she/it responded to a tiny order by going even lower... not the best way to trade.
I've been trying to trip off some of these 0.0001 before you bots, some of them follow you a long way, but once you do a larger hop, they sometimes don't follow. I guess the point is to be first in the que, which of course could be beneficial. |
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cilphex
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March 08, 2013, 01:29:14 AM |
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Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
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notig
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March 08, 2013, 01:32:51 AM |
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Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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March 08, 2013, 01:42:54 AM |
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get the coins while are cheap, only a fool will keep USD
I don't think it'll be long before lots of you who bought over $20 are racing for the door. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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cilphex
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March 08, 2013, 01:47:29 AM |
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Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins This is true, but I guess we'll never know unless someone looks. It'd be interesting to see if there actually is one address going down by 500 btc in correlation with these dumps. |
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notig
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March 08, 2013, 02:39:58 AM |
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Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins That would be a lot of addresses to keep track of!  If you are a programmer it wouldn't be a big deal. |
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Atruk
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March 08, 2013, 05:04:42 AM |
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Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins That would be a lot of addresses to keep track of! The right clients handle it nicely. If you are a programmer it wouldn't be a big deal.
No need to be a programmer, but reading and understanding the code can help you find and trust the right client... |
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Richy_T
Legendary
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Activity: 2604
Merit: 2321
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 08, 2013, 03:24:25 PM |
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This is a good thing. I like my bitcoins going up as much as anyone but for the ecosystem to advance, some of the big holders are going to have to let some of their supplies out to increase liquidity and grow the user-base.
This also counters to a good degree the "rising prices leads to hoarding" assertion.
The economy is a machine with many moving parts, some of which are not immediately (or ever) obvious. Just let it do its thing and it'll work out.
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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edd
Donator
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Activity: 1414
Merit: 1002
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March 08, 2013, 03:31:45 PM |
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Isn't there a list of the highest net worth bitcoin addresses somewhere here in the forum, that is updated on a regular basis? It seems like anybody that has the ability to continuously dump 500 btc at a time must have enough to be on that list. It would be interesting if someone were able to mine into this data and see which of those addresses is depleting in 500 btc chunks. I don't know how to do it.
Those are the richest addresses but the highest net worth people most likely don't have all their coins in one address. In fact I remember reading that there are 42 thousand addresses with just 50 bitcoin. I would bet that a large portion of those are actually Satoshi. What better.. more clever way to hide your hoard of money than to mine it but assign it a new key for every block reward. I bet he has about 1.5 million bitcoins That would be a lot of addresses to keep track of! The right clients handle it nicely. If you are a programmer it wouldn't be a big deal.
No need to be a programmer, but reading and understanding the code can help you find and trust the right client... Aren't you talking about Mt. Gox trades? These are all within the system, you won't see personal wallets change unless they're moving them into and out of Mt. Gox constantly. |
Still around.
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Rothgar
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March 08, 2013, 09:35:53 PM |
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It looks to me like someone's dumping their BTC nice and slowly
with his song. |
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