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Author Topic: 17000 plus 30000+ Bitcoins are sold at the exchanges soon?  (Read 1398 times)
fastandfurious
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August 01, 2011, 04:25:57 PM
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If we assume that the Bitcoins was not lost (BitomatPLN) and the Bitcoins with Mybitcoin was stolen (the site and the owner vanishes with no explanation). Can we expect that we have a big amount of bitcoins that will either been spent (through merchants) or sold on the exchanges soon?
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August 01, 2011, 04:30:23 PM
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If we assume that the Bitcoins was not lost (BitomatPLN) and the Bitcoins with Mybitcoin was stolen (the site and the owner vanishes with no explanation). Can we expect that we have a big amount of bitcoins that will either been spent (through merchants) or sold on the exchanges soon?


the key part of the question is "If we assume that the Bitcoins was not lost "  because if that is the case the 100% complete reverse would happen...  as 47,000 coins would be taken off the market....


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xcooling
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August 01, 2011, 04:38:00 PM
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Yeah... if u want to take a gamble.. BUY BUY BUY !!

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August 01, 2011, 06:00:49 PM
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I say good for them. You've got to take it where you can be get it! Who wouldn't do the same if you were in possesion of that much bitcoins?  Cool
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August 01, 2011, 06:02:10 PM
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Sure of the source?
fastandfurious
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August 01, 2011, 06:25:59 PM
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It looks like someone is selling big at Mtgox right now.
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August 01, 2011, 06:48:23 PM
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It looks like someone is selling big at Mtgox right now.

Hmmm....10k sold 36 hours ago, and 6k just now.

The very interesting thing to me is the 18k purchased about 24 hours ago.  Looks to me as though someone with money wants BTC also.

(In my immature understanding of things, I expect that prices ending up lower indicate a large block being unloaded and vice-versa.)

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