Massive bid wall - over $2,000,000

[Multifarious]

Everyone on this thread is so sure of their hypotheses.

[Quantum_Negatum]

Everyone on this thread is so sure of their hypotheses.

Maybe. But it is also a waste of writing space and generally annoying to read "in my opinion," "I think/believe," or "probably/likely" before every prediction.

Grow a pair and say what you want to say. Also, when proven wrong, don't apologize.  Make a witty joke about your prediction a few comments down.

[SAQ]

Everyone on this thread is so sure of their hypotheses.

Maybe. But it is also a waste of writing space and generally annoying to read "in my opinion," "I think/believe," "probably/likely" before every prediction.

Grow a pair and say what you want to say. Also, when proven wrong, don't apologize.  Make a witty joke about your prediction a few comments down.

Am confused, I thought that you thought we are all evil  because of price speculation?

[Quantum_Negatum]

Everyone on this thread is so sure of their hypotheses.

Maybe. But it is also a waste of writing space and generally annoying to read "in my opinion," "I think/believe," "probably/likely" before every prediction.

Grow a pair and say what you want to say. Also, when proven wrong, don't apologize.  Make a witty joke about your prediction a few comments down.

Am confused, I thought that you thought we are all evil?

Please forgive me, I am in 50% troll-mode today.

[Awhut]

Everyone on this thread is so sure of their hypotheses.

Maybe. But it is also a waste of writing space and generally annoying to read "in my opinion," "I think/believe," "probably/likely" before every prediction.

Grow a pair and say what you want to say. Also, when proven wrong, don't apologize.  Make a witty joke about your prediction a few comments down.

Am confused, I thought that you thought we are all evil?

Please forgive me, I am in 50% troll-mode today.

That's not a witty joke!
Caught in your own game. 

[Quantum_Negatum]

I hadn't made a prediction.

[amencon]

Everyone on this thread is so sure of their hypotheses.

Maybe. But it is also a waste of writing space and generally annoying to read "in my opinion," "I think/believe," or "probably/likely" before every prediction.

Grow a pair and say what you want to say. Also, when proven wrong, don't apologize.  Make a witty joke about your prediction a few comments down.

Haha don't worry you don't have to coach people how to be insufferable egotistical douchebags on the internet, it's something most seem to have down by now.

[Quantum_Negatum]

Wall moved or gone before price even got close to $110...

[xorglub]

Wonder where it's gone... reappearing at $120 in a few hours ? Or massive coin dump incoming now that the bid side is well built up ?

[fr33d0miz3r]

waiting for his new wall at $115 

[NamelessOne]

Wall moved or gone before price even got close to $110...

Yes the wall was removed as soon as we broke 120.

odds are that was his sell wall at 120 and he got what he wanted.

Yes I believe this is the case also. I'd imagine he thinks the price will continue to fall and wants to get out at a good price before buying back much cheaper.

[Awhut]

waiting for his new wall at $115 

The hero bitcoin needs...

[NamelessOne]

waiting for his new wall at $115 

The hero bitcoin needs...

But probably isn't going to get, lol.     That wall existed to create a false sense of security. He wanted to sell.

[Awhut]

waiting for his new wall at $115 

The hero bitcoin needs...

But probably isn't going to get, lol.     That wall existed to create a false sense of security. He wanted to sell.

Yeah I'm bearish with you Namelessone 

[dutt]

What if a huge sell came in, would it still disappear in time?

No.


Orders are executed in the order that they are received.  If someone sells BTC40,000 with a market order, all of the current bids in the way will be executed.

It might take an hour for MtGox to process an order that large, though. 

No, you can  actually dodge incoming orders when goxlag get's too high. Order cancellations work faster than lag.

[Rampion]

What he sold, like 2k coins?

Anyhow, lol at those who said that the wall was a legit buyer who was going to get impatient and start buying with market oders... You don't burn your money putting a $2M wall and chase the price upwards if you really intend to buy, this market is too small to get such a big order at once and at a single spot, without driving the price up.

And to those saying that $2M were the lottery winnings of a new and clueless player... Yeah, definitely, and his $2M appeared suddenly on Gox on a Sunday.

[Zaih]

Chuck that wall at $120.00 burtha!

[SAQ]

What he sold, like 2k coins?

Anyhow, lol at those who said that the wall was a legit buyer who was going to get impatient and start buying with market oders... You don't burn your money putting a $2M wall and chase the price upwards if you really intend to buy, this market is too small to get such a big order at once and at a single spot, without driving the price up.

And to those saying that $2M were the lottery winnings of a new and clueless player... Yeah, definitely, and his $2M appeared suddenly on Gox on a Sunday.

How did the price go up to 124 then?

He did this before as well. Took off the wall at 100, placed a market order for 5k coins, then put a wall at 110.

I was asleep though so what happened this time, how did we get to 124? I think he placed another market order.

[xorglub]

Now someone is propping up the market with 1000btc bid walls. Maybe the same guy, who knows.

[Zaih]

These manipulators gonna get stung soon