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Author Topic: Million-dollar payday for somebody  (Read 2868 times)
Blinken (OP)
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April 10, 2013, 07:00:07 PM
Last edit: April 10, 2013, 07:24:19 PM by Blinken
 #1

Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Kind of sobering if you consider how many people have stashes with 20k or 30k.

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fredi173
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April 10, 2013, 07:10:12 PM
 #2

Big day for the banks today   Cry
baracuda
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April 10, 2013, 07:13:27 PM
 #3

Isn't that standard procedure for IPO's? The guys that got to the business in early own most of the shares.
elvisrene
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April 10, 2013, 07:28:56 PM
 #4

that guy screw over so many people now there panic selling
oaxaca
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April 10, 2013, 07:36:40 PM
 #5

I read it was a 60,000BTC trade.

True story, I woke up this morning and considered selling (it was about 250USD).  Didn't do it.  Don't feel bad at all.


Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Kind of sobering if you consider how many people have stashes with 20k or 30k.
DannyHamilton
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April 10, 2013, 07:52:05 PM
 #6

I read it was a 60,000BTC trade.
- snip -

Source?
HBBZ
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April 10, 2013, 07:58:00 PM
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I watched a free diving and surfing show today, it's exciting and fun. The price is going to restore in 2 days at the most.
poblico
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April 10, 2013, 08:05:24 PM
 #8

that guy screw over so many people now there panic selling

One $%£%$ is all is needed
nebulus
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April 10, 2013, 08:19:52 PM
 #9

Wowwzorz!

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April 10, 2013, 08:25:59 PM
 #10

Interesting:
http://blockchain.info/largest-recent-transactions
Ekaros
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April 10, 2013, 08:29:47 PM
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that guy screw over so many people now there panic selling

Free market is free. Everyone for themselves...

Anyone with resources could have cashed out, and now cashed back in or at later point...

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MikeH
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April 10, 2013, 08:47:46 PM
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I guess on the plus side, there are a lot of bitcoins spread around to more people now - and it seems we're bouncing back, so far.
sgbett
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April 10, 2013, 08:58:25 PM
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that guy screw over so many people now there panic selling

Free market is free. Everyone for themselves...

Anyone with resources could have cashed out, and now cashed back in or at later point...

Absolutely right. Why shouldn't they be allowed to sell, they sold into an order book full of people wanting to buy.

The only shame here is that gox couldn't process it fast enough so it dragged on for hours.

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Amitabh S
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April 10, 2013, 09:08:53 PM
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I read it was a 60,000BTC trade.
- snip -

Source?
http://blockchain.info/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx
Possibly this. Again this is speculation.

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alexh
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April 10, 2013, 09:11:03 PM
 #15

Quote
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Do only 5000 coins have such an impact on the price...?
DannyHamilton
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April 10, 2013, 09:16:39 PM
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Quote
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Do only 5000 coins have such an impact on the price...?

Another way to ask the question would be:

Do only 500,000,000,000 Satoshi have such an impact on price?
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