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Author Topic: Massive spike to $7 (then $15.9499) sunday 3PM BST at MtGox  (Read 9132 times)
froggy
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September 11, 2011, 02:12:44 PM
 #1

Wow, just seen a massive spike up to $7 on Mtgox.  Anyone know what happened?  Gone back to $5.70ish at the time of writing but that was a huge upward move.
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Gabi
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September 11, 2011, 02:13:21 PM
 #2

Someone bought a lot of btc

froggy
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September 11, 2011, 02:14:44 PM
 #3

Hee hee - yes, I guess, ask an obvious question....
johnj
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September 11, 2011, 02:15:14 PM
 #4

I saw it too.  It looked like ~$100k.

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September 11, 2011, 02:16:31 PM
 #5

Someone bought a lot of btc

Must be like some 60,000$  Shocked

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September 11, 2011, 02:16:45 PM
 #6

Back to 7

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September 11, 2011, 02:17:18 PM
 #7

It is the manipulator! Just put up 2000+ BTC wall at 7! Save us manipulator!
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September 11, 2011, 02:21:10 PM
 #8

My explanation for the completely irrational price activity:

- A faulty bot.  Sunday afternoon/night and someone isn't keeping an eye on their script.
- Someone is doing this for shits and giggles.  It's fun.  They have free money they didn't work for (early bitcoin mining).  Why not do something silly.
- Hacked account.  Maybe Bill Cosby is giving us a free present.  Sell while you can.


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September 11, 2011, 02:22:10 PM
 #9

10000 BTC wall at 7 now, haha. Grin
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September 11, 2011, 02:22:46 PM
 #10

Bought every coin up to $70, and has a $75,000 bid wall @$6.77!

johnj
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September 11, 2011, 02:22:59 PM
 #11

My explanation for the completely irrational price activity:

- A faulty bot.  Sunday afternoon/night and someone isn't keeping an eye on their script.
- Someone is doing this for shits and giggles.  It's fun.  They have free money they didn't work for (early bitcoin mining).  Why not do something silly.
- Hacked account.  Maybe Bill Cosby is giving us a free present.  Sell while you can.

Edit:

Nvm.  The movement makes 0 sense.  Going with a bugged bot

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RyNinDaCleM
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September 11, 2011, 02:24:34 PM
 #12

oops! I meant $7! Wink

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September 11, 2011, 02:24:49 PM
 #13

My explanation for the completely irrational price activity:

- A faulty bot.  Sunday afternoon/night and someone isn't keeping an eye on their script.
- Someone is doing this for shits and giggles.  It's fun.  They have free money they didn't work for (early bitcoin mining).  Why not do something silly.
- Hacked account.  Maybe Bill Cosby is giving us a free present.  Sell while you can.

I'm going to go with:

- People buying low, hoping to sell high.

And they all decide to put up bid walls at the exact same price, with 10,000BTC, then instantly remove those walls at the same time to make the price bounce like a yoyo.  It's obvious it's not a natural market.  Anyone can see that.


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johnj
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September 11, 2011, 02:29:24 PM
 #14

My explanation for the completely irrational price activity:

- A faulty bot.  Sunday afternoon/night and someone isn't keeping an eye on their script.
- Someone is doing this for shits and giggles.  It's fun.  They have free money they didn't work for (early bitcoin mining).  Why not do something silly.
- Hacked account.  Maybe Bill Cosby is giving us a free present.  Sell while you can.

I'm going to go with:

- People buying low, hoping to sell high.

And they all decide to put up bid walls at the exact same price, with 10,000BTC, then instantly remove those walls at the same time to make the price bounce like a yoyo.  It's obvious it's not a natural market.  Anyone can see that.

I changed it while you were still typing.

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Cluster2k
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September 11, 2011, 02:30:11 PM
 #15

My explanation for the completely irrational price activity:

- A faulty bot.  Sunday afternoon/night and someone isn't keeping an eye on their script.
- Someone is doing this for shits and giggles.  It's fun.  They have free money they didn't work for (early bitcoin mining).  Why not do something silly.
- Hacked account.  Maybe Bill Cosby is giving us a free present.  Sell while you can.

I'm going to go with:

- People buying low, hoping to sell high.

And they all decide to put up bid walls at the exact same price, with 10,000BTC, then instantly remove those walls at the same time to make the price bounce like a yoyo.  It's obvious it's not a natural market.  Anyone can see that.

I changed it while you were still typing.

Yeah, I noticed once the page refreshed after I clicked Post  Smiley


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Bigpiggy01
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September 11, 2011, 02:31:11 PM
 #16

In Bot we trust!!!!  Grin

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September 11, 2011, 02:38:32 PM
 #17

Aaannd, back to $5.93!

johnj
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September 11, 2011, 02:39:10 PM
 #18

It jumped to 9 when I wasn't looking


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Cluster2k
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September 11, 2011, 02:39:39 PM
 #19

Giant swing, Giant Swing!

http://www.youtube.com/watch?v=WUm85c__Z0g


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johnj
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September 11, 2011, 02:41:31 PM
 #20

Holy shit, don't blink


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