10k Sell wall just now

[Spekulatius]

Its actually more then 10k already.

[chriswilmer]

Maybe somebody wants Bitcoin to slow down a bit...

[Faraday]

Maybe somebody wants Bitcoin to slow down a bit...

Someone has some huge balls to trust anyone (especially Gox) with 10k bitcoin. These people freak me out. I would have a hard time sending 1 bitcoin to Gox.

unless... it is gox 

[fr33d0miz3r]

unless... it is gox  

yeah, maybe they are going to solve their fiat problems by slaughtering pigs?  

[keatonatron]

I noticed that too, and came searching for this thread. It looks funny now that it's high and dry:



Do you think it's someone who bought in big at $263 last April and has been waiting all this time to make a $10 profit on all their coins?

[smoothie]

Buy into it and watch it get pulled. 

[N12]

Same old, same old.

Surely it won't be withdrawn, it's just a guy who wants to sell 10k in one piece risking the market turning down from it. No shock action intended here. And surely he wants to be stuck with mtgoxUSD.

Watch out for unusual bid activity.

[spiderbrain]

They're not new coins, that's half the existing coins on gox. When they're gone, what will the last 10k go for?

[windjc]

Buy into it and watch it get pulled. 

Probably. I usually don't believe in market manipulation most of the time, but that seller is either trying to discourage buying or they are just imbecilic. And I actually think it might be the latter, given the fact that they are selling 10k BTC on Gox anyway. Unless its some stupid Japanese person who doesn't realize that he/she are hurting the market by putting up a wall that big.

[smoothie]

Same old, same old.

Surely it won't be withdrawn, it's just a guy who wants to sell 10k in one piece risking the market turning down from it. No shock action intended here. And surely he wants to be stuck with mtgoxUSD.

Watch out for unusual bid activity.

This ^

[smoothie]

Buy into it and watch it get pulled. 

Probably. I usually don't believe in market manipulation most of the time, but that seller is either trying to discourage buying or they are just imbecilic. And I actually think it might be the latter, given the fact that they are selling 10k BTC on Gox anyway. Unless its some stupid Japanese person who doesn't realize that he/she are hurting the market by putting up a wall that big.

Or Mark himself. 

[mvdheuvel1983]

Will it be bought in, or will it be dumped. Thats the question.

[N12]

It will be pulled. No question here.

[Faraday]

Will it be bought in, or will it be dumped. Thats the question.

Is that you Mark?

[prophetx]

They would have dumped it already....

If that wall goes there is almost nothing left on gox (unless someone throws in more)

[prophetx]

http://en.m.wikipedia.org/wiki/273_(number)


Kind of ironic...

[TERA]

China didnt give a flying fuck and was first to recover (early) to 1590, only 0.5% from its high. Stamp followed with a recovery to $253, only 1% below its high. Finally now gox is following. There are 1300BTC of new bids including a 608. Oh there goes the buying.

[windjc]

China didnt give a flying fuck and was first to recover (early) to 1590, only 0.5% from its high. Stamp followed with a recovery to $253, only 1% below its high. Finally now gox is following. There are 1300BTC of new bids including a 608. Oh there goes the buying.

What 's the Chinese symbol for Honey Badger?

[Zangelbert Bingledack]

蜜獾

[Zangelbert Bingledack]

This is the dynamic I predicted a few weeks ago, which looks like it's playing out:

there's a good chance at China forcing the West kicking and screaming through the traumatic memories of $266, which will be a good thing because the West may not have to deal with it, instead getting lifted up and carried past it by China.

China doesn't care about MtGox ATH that much, and the rest of the world doesn't care about 1600 round number of yuan much, etc. So we should see less stickiness at round numbers with this nice balance between the 3+ exchanges.

As for the huge wall, it's to be expected at an ATH where so many people have bad memories of failing to sell or not being able to sell. It could also be Roger Ver or another Bitcoin saint throwing their weight around a bit in an effort to keep the rally at a sustainable pace.