blaaaaacksuit
Sr. Member
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Activity: 280
Merit: 250
Who cares?
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October 06, 2014, 05:51:27 AM |
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After this wall the price will go to $1000 easily.
Probably not tho. |
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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October 06, 2014, 05:51:48 AM |
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And he decided to sell at 300 when the price was at 1200 and more than 600 for 1 year? That not make a fucking logic. He could sell only the half at 600 and make 9 millons and use that to make a buy wall all sell the other half at 1000 or more.
Yes, "that make fucking logic". He could of been one of those who thought that bitcoin will reach 10k.$, and now he is no longer one of them. Or maybe he was 3 years "away" because of his SR endeavors. The options are endless when most of the coins are held by unknown people, with unknown intentions. Lol, nice fantasy. you wear a nice tinfoil hat. Honestly an SR person going to jail and therefore not able to sell their coins during the massive peak, who was then recently released and decided to sell them to become a millionaire is just as good as a hypothesis as any other. It would also account for a potentially non-economically minded person to create one huge sell wall and not bump the price up as the market ate into it so quickly. |
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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October 06, 2014, 05:52:49 AM |
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14 972
Adam says it bigger. Just sayin'. Just check Wisdom or btccharts. Honest...would I lie to you  |
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octaft
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October 06, 2014, 05:54:19 AM |
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Pretty sure he's spreading around the wealth so he can
1) get more money to give support if the price continues to drop
2) buy more bitcoins at this price, in the event he was the one selling us down and has a lot of money already and
3) perhaps entice big players who see this action to come along and buy, thus giving more people with lots of cash the incentive to help him keep the price up. If they enter, expect a nice run-up. If they don't, expect a rise followed by a drop when the whale recognizes this fact, and needs to take profit so he can prepare to defend at a lower price. He makes money all the way, and if the price skyrockets, well I'm sure the dude would rather have 15k bitcoins at $2000 than 30k bitcoins at $200.
Seems bullish to me, and quite generous of him to leave the wall there and give others a chance to buy. I'd buy, but I'm just some ahole on the internet, so listen to me at your own risk. After all, I could be back here in a few weeks saying "whoops!"
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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October 06, 2014, 05:54:24 AM |
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14 972
Adam says it bigger. Just sayin'. Just check Wisdom or btccharts. Honest...would I lie to you Funny chart there: http://bitcoinity.org/markets/bitstamp/USD |
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lyth0s
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October 06, 2014, 05:54:38 AM |
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Actually those coins had not been moved since September 2013 right? So that person may have not been able to access a PC during the November peak.
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Darkmatter12
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October 06, 2014, 05:55:15 AM |
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14 972
Adam says it bigger. Just sayin'. Just check Wisdom or btccharts. Honest...would I lie to you |
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explorer
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Activity: 2016
Merit: 1259
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October 06, 2014, 05:57:32 AM |
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14 972
Adam says it bigger. Just sayin'. Just check Wisdom or btccharts. Honest...would I lie to you I was thinking more like 14623 |
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lyth0s
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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October 06, 2014, 05:57:33 AM |
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Anyone know if the total asks (not accounting for this whale) has decreased since the wall was put up? Fewer asks in the $300's could fuel a rise after the wall.
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KryptoFoo
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October 06, 2014, 05:57:46 AM |
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how long would it take to transfer $4m USD into bitstamp to buy the wall in one fell swoop? Are we talking days or hours?
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beetcoin
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October 06, 2014, 05:58:38 AM |
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Actually those coins had not been moved since September 2013 right? So that person may have not been able to access a PC during the November peak.
one fact can be established: whoever this guy is, he moves the coins around a lot. it could be from operating a gambling site or SR even, i don't think it's a miner now though, since he'd have to sell the coins to cover costs, and it seems he hasn't been doing that. |
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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October 06, 2014, 05:59:06 AM |
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14 972
Adam says it bigger. Just sayin'. Just check Wisdom or btccharts. Honest...would I lie to you I was thinking more like 14623 |
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GreekGeek
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October 06, 2014, 05:59:46 AM |
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I took a small bite of that wall too , couldn't resist
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Newar
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https://gliph.me/hUF
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October 06, 2014, 06:00:25 AM |
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how long would it take to transfer $4m USD into bitstamp to buy the wall in one fell swoop? Are we talking days or hours?
Depends on your and bitstamp's bank. Do they share a common intermediary bank etc? |
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drakoin
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October 06, 2014, 06:01:12 AM |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 06, 2014, 06:01:13 AM |
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hopefull
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October 06, 2014, 06:01:18 AM |
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Here is the problem with those that think this will rise after the wall is gone, all the shorts have bought from him, everyone that wanted to buy bought as well, where will the buyers or even a short squeeze come from?
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Fabrizio89
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October 06, 2014, 06:01:28 AM |
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Question is, how much patience has the market. I'd wait a couple of days before the next dump, but its full of emotional bag holders out there and that wall surely is scary. I guess it won't be the last one either if we manage to get through it.
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nanobrain
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Activity: 1008
Merit: 1000
Dumb broad
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October 06, 2014, 06:02:44 AM |
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Running through all the potential possibilities over the next 4 hours, I'm wondering if anyone thinks:
Mr Wall returns from his slumber. Pulls wall and sets a market order for 5K.
Watches resulting panic and market tumbles to double (maybe even single figures).
He then uses the 5MUSD he has just collected at 300 to buy up ALL the coins, ending up being the largest holder of BTC and completely controlling the market.
As Windy would say: discuss.
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