What was that $540 spike on Gox

[chesthing]

Gox spiked to $540 from the low $300s last night, right before it's current dip into the mid $200s. What would explain this, other than Mark or someone at Gox who is in control taking a big payout? I'm not exactly sure what is happening, but every indicator says we are witnessing one huge act of corruption and thievery.

[1714711454]

1714711454

[1714711454]

1714711454

[zoinky]

Or someone bought some coins.

[Bugpowder]

Gox spiked to $540 from the low $300s last night, right before it's current dip into the mid $200s. What would explain this, other than Mark or someone at Gox who is in control taking a big payout? I'm not exactly sure what is happening, but every indicator says we are witnessing one huge act of corruption and thievery.

That was due to a troll post on reddit that said BTC withdrawals were working again.  Someone had an itchy finger and jumped the gun without confirming.  Post was deleted about 15 minutes later.  Great way to lose money.

[Dalmar]

Not all whales are smart as many assume.. not too long ago some whale on stamp also bought loads around 750 moments before the bear market went berserk.

[chesthing]

Ok then, if those were legitimate buys I can rest assured we have some of the dumbest people on the planet into bitcoin.

[MatTheCat]

Not all whales are smart as many assume.. not too long ago some whale on stamp also bought loads around 750 moments before the bear market went berserk.

Bitcoin is heaving with dumb money....and every Pro Trader knows it (and says it).

[Arcas]

Some people just buy and forget.

When bitcoin was at $800, no one cared whether they bought in at $20 or at $30.

[smoothie]

Someone who obviously is losing money now on that trade. 

[knightcoin]

spike ?

[knightcoin]

tomorrow I will connect my a "coma-client" to gox ... after all I still have 6,66 or 7,77 dollars  LoL