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Bitcoin Forum > Economy > Trading Discussion > Who keeps selling hundreds of bitcoins at Mt.Gox?
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Author Topic: Who keeps selling hundreds of bitcoins at Mt.Gox?  (Read 1217 times)
emmettoc (OP)
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February 16, 2014, 04:06:58 AM
 #1
Hi,

As the title, I'm just wondering who keeps selling hundreds of bitcoins to prevent price from going up?

You can observe the phenomenon frequently:
 
http://bitcoinwisdom.com/markets/mtgox/btcusd
roslinpl
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February 16, 2014, 11:15:10 AM
 #2
It's Mark! Smiley He is selling all GoxCoins!
Sindelar1938
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February 16, 2014, 11:18:14 AM
 #3
Interesting....
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roslinpl
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February 16, 2014, 11:23:29 AM
 #4
It is not realy interesting Smiley
This is GoxRobbery! Smiley

#MtGoxSux
emmettoc (OP)
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February 16, 2014, 12:01:36 PM
 #5
Well, I found that people is talking about this phenomenon on reddit too.

http://www.reddit.com/r/Bitcoin/comments/1y1ybf/low_price_mtgox_explanation/

mysterious...
stevegee58
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February 16, 2014, 12:11:09 PM
 #6
The Feds have already announced that they'd liquidate the almost 30,000 BTC seized from the Silk Road seizure but didn't say when they'd do it.  I've been looking for signs that they started.

To maximize their value they would sell the BTC in small lots to prevent a market crash but you'd still notice it in market action.

News source:
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
You are in a maze of twisty little passages, all alike.
roslinpl
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February 16, 2014, 12:23:18 PM
 #7
Quote from: emmettoc on February 16, 2014, 12:01:36 PM
Well, I found that people is talking about this phenomenon on reddit too.

http://www.reddit.com/r/Bitcoin/comments/1y1ybf/low_price_mtgox_explanation/

mysterious...

Gox is not mysterious Smiley gox is a misery! Smiley
emmettoc (OP)
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February 16, 2014, 12:29:38 PM
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Quote from: stevegee58 on February 16, 2014, 12:11:09 PM
The Feds have already announced that they'd liquidate the almost 30,000 BTC seized from the Silk Road seizure but didn't say when they'd do it.  I've been looking for signs that they started.

Already much more than 30,000 BTC was sold.
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February 16, 2014, 12:36:50 PM
 #9
nice ...

30k BTC ;]

I would have some from this ammount Tongue
ISAWHIM
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February 16, 2014, 01:42:08 PM
 #10
How do you think they are paying everyone's income-tax returns this year... But they stalled some by 21 days, to adjust for gox's withdraw period...

Then they seize those BTC because that "looks suspicious" and Gox didn't report it, then they have next-years income-tax returns already to go too!
emmettoc (OP)
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February 17, 2014, 12:48:15 AM
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The amount changed from hundreds to tens of coins now although I don't the strategy he uses at all Smiley
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February 17, 2014, 09:04:42 AM
 #12
Quote from: emmettoc on February 17, 2014, 12:48:15 AM
The amount changed from hundreds to tens of coins now although I don't the strategy he uses at all Smiley

Yes, greatly influence the market.
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