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Author Topic: Question for Kevin and Mt. Gox  (Read 978 times)
jimbobway
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June 21, 2011, 01:32:32 AM
 #1

When the value of bitcon was dropping from 15ish to .01, did Kevin place orders in between?  For example, when it dropped to 10 did you place an order for $10 a bitcoin?  Or did you only place that .01ish order immediately?

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bittrader
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June 21, 2011, 01:34:27 AM
 #2

My understanding from both Kevin's and Mark's posts was that Kevin put in one single order.
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June 21, 2011, 02:00:16 AM
 #3

A) He's a genius
B) He's incredibly lucky
C) He knew the plan
jimbobway
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June 21, 2011, 02:20:55 AM
 #4

What time did Kevin put the .01 order in?  Also, what was the price of bitcoin when the order was put in?

If Kevin put in the order when the price of bitcoin was $15 that just doesn't make sense...

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Jimmy2011
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June 21, 2011, 02:48:16 AM
 #5

I placed orders from $11.A, $10.B, $9.C, $8.D ... to $2.Z several days ago, and one more thing I did is I withdraw part of money just 3 hours before the crash, so my orders ends at 8.D due to money is out. One important thing is that I don't get the money I withdraw until now. So what should I say, what will be the things the next step?

Bitcoin:1EBxhCQp2bUdQDZoQsix6vnivtr3EodCdP       Peercoin:PEjCk5P7FDTFbt3ZwtLPqsGpnQSRSTYRJX
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June 21, 2011, 03:02:51 AM
 #6

A) He's a genius
B) He's incredibly lucky
C) He knew the plan

There is a chance that Kevin might be a genius and/or lucky.  When I saw it drop on Mt. Gox I was trying to place orders on the way down.  I placed several orders during the course of several minutes and it was going lower and lower.  I think when it hit .01 I even placed an order but I had to cancel it since it was put on hold since there were no more coins left.  Then I bought some coins above $10 a coin.  I am glad I did not get those coins.  I do not want the FBI to show up at my door.

Here was what I said on facebook right afterwards, " I saw it happening and tried to place orders at $14, $13, $10, and so on but it said a trade was occurring and wouldn't place my order. When it reached around $3 I was becoming skeptical. When it reached $0.01 I placed a trade to see if it would execute but it didn't. So I cancelled it and the last price was around 13. I placed an order for 12, I think, and it got filled. Now Mt. Gox is down. This is just so crazy and intense. A volume of 500,000 is 8% of bitcoins currently in existence. I am thinking only satoshi would own that many coins.  I thought to myself...is this a gift from satoshi? Or is it a hacking attempt? Or, some big players? I have no idea."

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