Who is the dumper on mtgox ?

[marvinrouge]

How is it possible to dump less than the half of the price of the other exchanges ? Anyway the cash is trapped too  
Who throw away thousands of coin ?
Any thoughts ?  

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[catcow]

it does not make any sense. i'm worried something very bad is going on, but i have no idea what.

dumping because gox is insolvent does you no good, so i don't think that is the cause of this.

(i also think gox is solvent)

[odolvlobo]

My guess is that people with BTC on Mt. Gox now believe that they are more likely to be able to withdraw dollars than BTC. I think that the belief is that some amount of BTC is missing and the dollars can be audited and recovered if Mt. Gox closes, and the BTC can't. I don't know if any of that is true. It is just an educated guess.

[thelema93]

presumably because Gox has temporarily halted BTC withdrawals, a whole bunch of paranoids are selling their coins so they can withdraw the fiat instead. A panic sell off of BTC = massive price drop on Gox. I don't think there's anything more sinister than that going on - unless you can prove it?

[dropt]

It was me.  Sorry guys, clicked the wrong button.

[fonzie]

@thelema 93 u have been preachin "everything is alright on MtGox for days".. Won´t you ever feel stupid or at least stop it?

[JCviggen]

While just an unlikely conspiracy theory, it could help a fiat strapped Mt.Gox to have everyone buy BTC and then move it off the exchange once withdrawals are enabled.

At this point I'm not sure what is going on, except that there has to be some agenda under the surface. It makes no sense for huge BTC holders to do anything but sit back and pray withdrawals are soon re-enabled. Dumping 60% below the average price elsewhere makes no sense unless they know something we don't. Nothing released so far suggests to me that the odds of Gox going down are 60%.

[Wilhelm]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

[Mythul]

This is just crazy. I'm sure something is not right on Gox. Not all traders there could be that stupid !

[Lethn]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

It's amazingly easy to do if you aren't paying attention.

[Wilhelm]

This is just crazy. I'm sure something is not right on Gox. Not all traders there could be that stupid !

What would you do if you had 200 BTC stuck on GOX?

[marvinrouge]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

woops ! 

[marvinrouge]

This is just crazy. I'm sure something is not right on Gox. Not all traders there could be that stupid !

What would you do if you had 200 BTC stuck on GOX?

Just wait ?

[molecular]

My guess is that people with BTC on Mt. Gox now believe that they are more likely to be able to withdraw dollars than BTC. I think that the belief is that some amount of BTC is missing and the dollars can be audited and recovered if Mt. Gox closes, and the BTC can't. I don't know if any of that is true. It is just an educated guess.

In case gox is insolvent it's probably easier to claim cents on the dollar for a USD balance than a BTC balance.

[marvinrouge]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

It's amazingly easy to do if you aren't paying attention.

Or filling the 'sell' form instead of the 'buy'  

[marvinrouge]

My guess is that people with BTC on Mt. Gox now believe that they are more likely to be able to withdraw dollars than BTC. I think that the belief is that some amount of BTC is missing and the dollars can be audited and recovered if Mt. Gox closes, and the BTC can't. I don't know if any of that is true. It is just an educated guess.

In case gox is insolvent it's probably easier to claim cents on the dollar for a USD balance than a BTC balance.

You make a point

[Wilhelm]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

It's amazingly easy to do if you aren't paying attention.

Or filling the 'sell' form instead of the 'buy'  

I had a boo-boo on cryptsy once. You click on a value and it auto-populates. Then you click the sell when you wanted buy.
When the order fills directly you think YEAHHH!!! and then you realize FFFFUUUUUU!!!!

[Lethn]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

It's amazingly easy to do if you aren't paying attention.

Or filling the 'sell' form instead of the 'buy'  

I clicked on a sell order once and lost a good portion of 0.1BTC because it didn't ask me to confirm so I didn't notice what I was doing stay away from those fill orders unless you know what you're doing.

[marvinrouge]

Who th F@#$ is Satoshi Sakamato? Evil half-twin of Satoshi Nakamato?  

I think someone made a whoops in his market order. Put in $80 instead of $800

It's amazingly easy to do if you aren't paying attention.

Or filling the 'sell' form instead of the 'buy'  

I had a boo-boo on cryptsy once. You click on a value and it auto-populates. Then you click the sell when you wanted buy.
When the order fills directly you think YEAHHH!!! and then you realize FFFFUUUUUU!!!!

I know that 

[Tzupy]

I voted manipulator. Before the dumps there was a spike from 380$ to 540$, probably
the manipulator bought his own coins, and then sold them to create downward momentum.
MtGox should have stopped the trading after seeing this unnatural market movement,
and then resume trading only after withdrawals would resume.