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Author Topic: Someone just took a gigantic dump.  (Read 13816 times)
RyNinDaCleM
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November 14, 2011, 01:50:44 AM
 #21

Man, it's the middle of the night here, what's it with the nonsense *yawns*

brb checking how many coins I bought. Probably too few, but who expects someone to unlimited sell 50k? Seeeriously guys, you never cease to amaze me.

Okay lol wut, someone gave up on Bitcoin the party panic way I guess? 70k volume already!

Did we wake you? Or do you have a panic sell alarm


Now there is a 50k buy at 2.40! Mr manipulator is not out yet!

Edit: moved to $2.50

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adamstgBit
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November 14, 2011, 01:51:42 AM
 #22

Tired as hell and this happens. Time to fire up the pot.

the pot will help!

everyone smoke the pot! chill the fuck out! and watch for the drop to 1$ we can do it!  Tongue

SlaveInDebt
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November 14, 2011, 01:56:14 AM
 #23

Tired as hell and this happens. Time to fire up the pot.

the pot will help!

everyone smoke the pot! chill the fuck out! and watch for the drop to 1$ we can do it!  Tongue

Coffee you dope  Smiley

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phorensic
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November 14, 2011, 01:56:52 AM
 #24

Tired as hell and this happens. Time to fire up the pot.

the pot will help!

everyone smoke the pot! chill the fuck out! and watch for the drop to 1$ we can do it!  Tongue

Coffee you dope  Smiley
I dunno man, sounded like you were gonna smoke some pot.
Vandroiy
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November 14, 2011, 02:01:13 AM
 #25

Did we wake you? Or do you have a panic sell alarm

I happened to be awake but would be asleep by now if not for this dude-move. I believe it's going to fail, but who knows... 3am now but I gotta watch this.

Don't tell me the guy who sold does the bidwall. That would be... interesting to watch.
wndrbr3d
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November 14, 2011, 02:01:40 AM
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I'm willing to bet it's MTGOX putting up the bid walls in order to keep value up, since their income depends on the value of Bitcoin.
RyNinDaCleM
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November 14, 2011, 02:07:22 AM
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Don't tell me the guy who sold does the bidwall. That would be... interesting to watch.

That is an interesting thought! Averaged out, it would be a good move!

SlaveInDebt
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November 14, 2011, 02:08:01 AM
 #28

Look at the 7K sell at 2.5001 Shocked

And it's gone, got mine now I await to jump ship Tongue

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mjcmurfy
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November 14, 2011, 02:08:13 AM
 #29

It's 2am here in Ireland. Was just about to fall asleep, but I think I'll stay up and watch this unfold.
Managed to snag quite a few cheap coins for myself. Delighted! Cheesy

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dree12
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November 14, 2011, 02:08:42 AM
 #30

Look at the 7K sell at 2.5001 Shocked
Liquidity is finally provided...

None of the people who were promoting it are here cheering though.
phorensic
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November 14, 2011, 02:09:57 AM
 #31

The action is so heated it's literally breaking mtgoxlive...the chart doesn't make any sense sometimes lol.
SlaveInDebt
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November 14, 2011, 02:10:41 AM
 #32

3K up for grabs at 2.51256

and it's gone... Shocked

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
Cluster2k
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November 14, 2011, 02:11:17 AM
 #33

5x trades of 1000 bitcoins each at $2.50 within milliseconds of each other.  Hmm. 

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RyNinDaCleM
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November 14, 2011, 02:12:41 AM
 #34

The action is so heated it's literally breaking mtgoxlive...the chart doesn't make any sense sometimes lol.

It's hard to get an order through too! It's been locking my firefox periodically for the last hour.

dree12
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November 14, 2011, 02:14:59 AM
 #35

The action is so heated it's literally breaking mtgoxlive...the chart doesn't make any sense sometimes lol.

It's hard to get an order through too! It's been locking my firefox periodically for the last hour.
Lesson learned: There is no "the manipulator". It is "the manipulators".
phorensic
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November 14, 2011, 02:16:32 AM
 #36

Hmm, I've had a really good connection to gox with Chrome on SoCal Time Warner through this frenzy...  Huh
Vandroiy
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November 14, 2011, 02:18:37 AM
 #37

Is it just one person selling all the time? Almost looks like it. I don't really get the point.

Maybe it's really someone trying to trigger panic selling. Kind of awkward timing though, now that you get so little for a coin.
dree12
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November 14, 2011, 02:21:39 AM
 #38

Is it just one person selling all the time? Almost looks like it. I don't really get the point.

Maybe it's really someone trying to trigger panic selling. Kind of awkward timing though, now that you get so little for a coin.
Nobody who owns a large amount of bitcoin will try to trigger panic selling. It isn't even profitable to do this if you are shorting on bitcoinica. The conclusion is that there is likely way more than one person selling, or there really is a team of Manipulators.
phorensic
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November 14, 2011, 02:22:58 AM
 #39

Well I doubt multiple people would just so happen to put up 50,000 BTC at the same exact price out of coincidence.
dree12
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November 14, 2011, 02:25:34 AM
 #40

Well I doubt multiple people would just so happen to put up 50,000 BTC at the same exact price out of coincidence.
I doubt that too. But there is no explanation to unlimited sell 50000 BTC, unless that person was panic-selling in the first place.

The other option I hadn't considered is a rich guy's Mt.Gox account was hacked, but the hacker couldn't withdraw all the coins at once so instead tried to ignite panic selling and buy cheap bitcoins.
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