Massive buy order only on Bitstamp.

[MatTheCat]

Massive buy order only on Bitstamp, other exchanges followed the Stamp's lead.

Looks like an attempted ramp from coinbase to me. They are on record stating that they deal with Bitstamp but not with certain other large exchanges due to dubious counterparty risks.

My enemies on this site won't mind knowing that I shorted just 2 minutes before it happened as well. Took a $400 hit.

Needless to say, I am still shorting Bitcoin.

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[fonzie]

Just the usual behavior we have seen during the last 10 pump and dumps. Some average buying of 500-1500 BTC in 2-3 pieces. After that a lot of small aks 10-30BTC get listed. A few idiots buy in,
silence after that... Just like the last 10 times..

[humanitee]

Massive buy order only on Bitstamp, other exchanges followed the Stamp's lead.

Looks like an attempted ramp from coinbase to me. They are on record stating that they deal with Bitstamp but not with certain other large exchanges due to dubious counterparty risks.

My enemies on this site won't mind knowing that I shorted just 2 minutes before it happened as well. Took a $400 hit.

Needless to say, I am still shorting Bitcoin.

"Looks like an attempted ramp from Coinbase to me."

LOL

[MatTheCat]

Just the usual behavior we have seen during the last 10 pump and dumps. Some average buying of 500-1500 BTC in 2-3 pieces. After that a lot of small aks 10-30BTC get listed. A few idiots buy in,
silence after that... Just like the last 10 times..

I would and am placing my money on this being the case again. That was around 3000 coins in the space of 5 minutes. That is almost 2.5 millions USD. If the peons don't rush in on this. Who has got the means to keep throwing this kind of capital at an obvious declining market. It would take another 2.5 million USD of buying power just to take the price to 830 on Stamp right now.

[gentlemand]

The market is out to get you and only you. Be careful.

[MatTheCat]

"Looks like an attempted ramp from Coinbase to me."
LOL

Whatever.

It was a totally inexplicable surge of buying power. 99% no doubt from just one hand. The last time there was this magnitude of buying power, bitcoin went from 820 - 835, and then right down to 720.

That means whoever threw that 3 million USD at Bitcoin last time around was a fucking idiot and has lost a massive fortune.

[humanitee]

"Looks like an attempted ramp from Coinbase to me."
LOL

Whatever.

It was a totally inexplicable surge of buying power. 99% no doubt from just one hand. The last time there was this magnitude of buying power, bitcoin went from 820 - 835, and then right down to 720.

That means whoever threw that 3 million USD at Bitcoin last time around was a fucking idiot and has lost a massive fortune.

Coinbase is such a black box it's stupid to try and attribute anything to them. I wouldn't short now either.

[Miz4r]

Massive buy order only on Bitstamp, other exchanges followed the Stamp's lead.

Looks like an attempted ramp from coinbase to me. They are on record stating that they deal with Bitstamp but not with certain other large exchanges due to dubious counterparty risks.

My enemies on this site won't mind knowing that I shorted just 2 minutes before it happened as well. Took a $400 hit.

Needless to say, I am still shorting Bitcoin.

Keep shorting that crap, maximum leverage. You can do it, you can keep the market down on your own.

[dasein]

http://www.youtube.com/watch?v=kdvTkddp1F0

[pungopete468]

I don't think whoever is throwing fiat in this market it planning on shorting.

It's good in my opinion because it helps to spread the distribution of wealth in the short term. Every whale who cashes out gives somebody else the opportunity to buy those coins and spread the wealth.

[MatTheCat]

I don't think whoever is throwing fiat in this market it planning on shorting.

It's good in my opinion because it helps to spread the distribution of wealth in the short term. Every whale who cashes out gives somebody else the opportunity to buy those coins and spread the wealth.

This wasn't a whale cashing out.

This was a whale crashing into a nervous market, the price surged up....and since then....pffffft...nothing. back to no volume and we trend back down whilst the Ask walls pile up again.

[sgbett]

"Looks like an attempted ramp from Coinbase to me."
LOL

Whatever.

It was a totally inexplicable surge of buying power. 99% no doubt from just one hand. The last time there was this magnitude of buying power, bitcoin went from 820 - 835, and then right down to 720.

That means whoever threw that 3 million USD at Bitcoin last time around was a fucking idiot and has lost a massive fortune.

Provided they have sold to realise the loss...

[pungopete468]

I don't think whoever is throwing fiat in this market it planning on shorting.

It's good in my opinion because it helps to spread the distribution of wealth in the short term. Every whale who cashes out gives somebody else the opportunity to buy those coins and spread the wealth.

This wasn't a whale cashing out.

This was a whale crashing into a nervous market, the price surged up....and since then....pffffft...nothing. back to no volume and we trend back down whilst the Ask walls pile up again.

If it's new money coming in then it's a good thing for the distribution of BTC. I hope that's what it means; of course it could just be an old whale getting fatter... Who knows?

I think we have one more day of small ups and downs; you might be able to recover without a loss. This weekend I expect one hell of a rally but you never can tell...

[Holliday]

Massive buy order only on Bitstamp, other exchanges followed the Stamp's lead.

Looks like an attempted ramp from coinbase to me. They are on record stating that they deal with Bitstamp but not with certain other large exchanges due to dubious counterparty risks.

My enemies on this site won't mind knowing that I shorted just 2 minutes before it happened as well. Took a $400 hit.

Needless to say, I am still shorting Bitcoin.

I don't consider you an "enemy" at all (but it's telling that you think you have "enemies" here). I just think you are playing a losing game (trying to day trade bitcoin). Another fail: trying to guess the motivations of the various actors in the Bitcoin market, along with attempting to know how many of these actors there are, or who they are.

If there was an exchange I trusted, I would probably play too (albeit with a very, very small amount).

[sgbett]

I don't consider you an "enemy" at all (but it's telling that you think you have "enemies" here). I just think you are playing a losing game (trying to day trade bitcoin). Another fail: trying to guess the motivations of the various actors in the Bitcoin market, along with attempting to know how many of these actors there are, or who they are.

true dat

[MatTheCat]

Provided they have sold to realise the loss...

Hate to harp on about TA again, but this was a terrible buy in point from the point of view of whoever made the 2.5 million USD purchase on the Stamp, just as it was when my short got called as Bitcoin powered through 820 and right up to 836 on the back of a similarly large whale buy-in surge.

This buy in, was the mad surge up. Whoever made these purchases is a fucking idiot who is totally incapable of reading the market or they were trying to instigate something which has failed to materialise. The market creeps back up, but where is the volume? There is none.

If I believed that Bitcoin was away to soar and I had 2.5 Million USD that I wanted to get into Bitcoin, I have seen much better opportunities than this in the past few days.

[seleme]

Your enemies? Like we give a shit

You are your biggest enemy, you sold at 10$ and still have guts to call people with 2.5 millions idiots, lol  

[pungopete468]

Provided they have sold to realise the loss...

Hate to harp on about TA again, but this was a terrible buy in point from the point of view of whoever made the 2.5 million USD purchase on the Stamp, just as it was when my short got called as Bitcoin powered through 820 and right up to 836 on the back of a similarly large whale buy-in surge.

This buy in, was the mad surge up. Whoever made these purchases is a fucking idiot who is totally incapable of reading the market or they were trying to instigate something which has failed to materialise. The market creeps back up, but where is the volume? There is none.

If I believed that Bitcoin was away to soar and I had 2.5 Million USD that I wanted to get into Bitcoin, I have seen much better opportunities than this in the past few days.

While you can always look back and see the opportunities you had with absolute certainty; it's not as easy to look ahead with any level of certainty. They aren't day trading; that's obvious.

Until they decide to sell at a loss you can't call them an idiot... They obviously aren't looking at short term trends and it's way too soon to tell if the gamble they made will pay off. Check back in a year and we'll see. If the price hasn't doubled by then you can check back in two years...

Until they sell for a loss it's an investment with the opportunity to appreciate in value.

[Ibian]

Enemies? Oh get over yourself, this board is not the drama you think it is.

[HeliKopterBen]

Looks like this market is setting up for a breakout to the upside.