BTC star crashing last night but this morning gone up again seem that 1k is the for now until christmas and new year then it can go higher maybe 1.5k
The price means nothing. 1k means nothing if someone sells 1000btc price will go down 100$. Stop looking at price alone and start checking market depth.
Nah man trade volume is to high, nee much more than 1000 btc to crash the market like that.
I didn't said down to 100$ but 100$ lower than it is now. 1000 - 100 = 900$ that is.
Right, which as he was saying, someone needed to sell 5300btc or 5MM$ to drop it 100 bucks.
Now, the thing that bugs me...
you all know about Market Makers in stocks? 5 Million bucks isn't a lot of money. If all you need is 5 million bucks to shift BTC 100 bucks that's scary as hell.
Now bear with me...
Didn't DPC (dread pirate roberts, founder of silk road, for those who are unfamiliar) get
26 THOUSAND BTC seized by the us govt?
Regardless of if they're using it or not, that means roughly $25 million dollars of BTC is sitting somewhere, in one place.
I'm SURE there is someone else with 15MM sitting around who can shake up the market by a few hundred bucks a day just by buying and selling a lot.
lastly, does anyone know how transparant the markets are? Can people see every buy and sell on every market from every exchange? Can we see if these large orders are going through like LEVEL 2 in stocks or are we just going blind? Or is it just mass hysteria that is causing the market to shift by 30% a f*cking day?
