Bitcoin Forum
December 07, 2016, 10:56:07 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 6 7 8 9 10 »  All
  Print  
Author Topic: Someone just took a gigantic dump.  (Read 13828 times)
phorensic
Hero Member
*****
Offline Offline

Activity: 630



View Profile
November 14, 2011, 02:31:05 AM
 #41

A couple minutes ago I watched the 50,000 BTC bid wall move from 2.50 to 2.55 all at once.  It's definitely just one person.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481108167
Hero Member
*
Offline Offline

Posts: 1481108167

View Profile Personal Message (Offline)

Ignore
1481108167
Reply with quote  #2

1481108167
Report to moderator
1481108167
Hero Member
*
Offline Offline

Posts: 1481108167

View Profile Personal Message (Offline)

Ignore
1481108167
Reply with quote  #2

1481108167
Report to moderator
greyhawk
Hero Member
*****
Offline Offline

Activity: 924


View Profile
November 14, 2011, 02:33:48 AM
 #42

I bet it's Satoshi.  Cheesy
mjcmurfy
Sr. Member
****
Offline Offline

Activity: 336



View Profile WWW
November 14, 2011, 02:33:53 AM
 #43

A couple minutes ago I watched the 50,000 BTC bid wall move from 2.50 to 2.55 all at once.  It's definitely just one person.

Yep, saw that too. I think your conclusions are correct.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2002


Legen -wait for it- dary


View Profile
November 14, 2011, 02:34:16 AM
 #44


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.

I hope this isn't the case! I've been waiting for <2.75 for days. Picking up chump change at 3 just to keep my volume discount was killing me.

mjcmurfy
Sr. Member
****
Offline Offline

Activity: 336



View Profile WWW
November 14, 2011, 02:35:29 AM
 #45

It's jumped to 2.6 now - 25,000 btc bid.

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
greyhawk
Hero Member
*****
Offline Offline

Activity: 924


View Profile
November 14, 2011, 02:36:21 AM
 #46

Now he dropped in another 25000 at 2,60. Someone's getting desperate
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
November 14, 2011, 02:37:01 AM
 #47

this looks really strange right now...



I don't really believe this is one person, I mean it makes sense to sell them and by them back later, however I don't think the market would accept a drop this fast. I mean what he's gonna do buy his own coins?  Cheesy

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
mjcmurfy
Sr. Member
****
Offline Offline

Activity: 336



View Profile WWW
November 14, 2011, 02:39:30 AM
 #48

That 25,000 bid at 2.6 just got eaten alive!

http://www.bitcointorrentz.com/images/bct_button_117_30.png - BitCoinTorrentz.com: High-speed HTTP torrent downloads. 0.05 btc/gb. Up to 50% discount with free membership!
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
November 14, 2011, 02:39:40 AM
 #49

Two trades of 5000 BTC for $2.60 and that 2.60 'wall' comes crashing down.  It's beautiful to watch.  Someone is putting on quite a show.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Vandroiy
Legendary
*
Offline Offline

Activity: 1036


View Profile
November 14, 2011, 02:40:03 AM
 #50

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.

I mean a try to sell all, trigger panic, buy back lower.

Well, it's not that likely. But the orders not matching for a while at 2.5 have no other explanation really than being by the same person.

It's strange, why does someone want to hammer such huge volume through so fast? If the market makers introduce any sort of friction, this might result in huge losses for the seller.
greyhawk
Hero Member
*****
Offline Offline

Activity: 924


View Profile
November 14, 2011, 02:41:17 AM
 #51

It's one person. On bitcoincharts you can see the exact volume of bids and it stands at exactly 25000 coins for 2,60.

These round number don't happen if more than one person is involved.

EDIT: And now someone bought right through that.
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2002


Legen -wait for it- dary


View Profile
November 14, 2011, 02:44:23 AM
 #52

90k by $2.50!

dree12
Legendary
*
Offline Offline

Activity: 1232



View Profile
November 14, 2011, 02:44:45 AM
 #53

It's one person. On bitcoincharts you can see the exact volume of bids and it stands at exactly 25000 coins for 2,60.

These round number don't happen if more than one person is involved.

EDIT: And now someone bought right through that.
One person holding the price up, yes. One person dropping it down, maybe. But I think it's likely that it's the same person on both sides - some hacker probably trying to play with unwithdrawlable funds, maybe?
greyhawk
Hero Member
*****
Offline Offline

Activity: 924


View Profile
November 14, 2011, 02:47:18 AM
 #54

Aaaaand it's crashing to 2,50

EDIT: Broken through, all walls gone.
phorensic
Hero Member
*****
Offline Offline

Activity: 630



View Profile
November 14, 2011, 02:47:21 AM
 #55

And bam, he pulls out at 6:45PM PST.  Where is he gonna get back in?

Edit: back in with 45,000 BTC @ $2.50....this is fun!
dree12
Legendary
*
Offline Offline

Activity: 1232



View Profile
November 14, 2011, 02:48:23 AM
 #56

And bam, he pulls out at 6:45PM PST.  Where is he gonna get back in?
Whoa, just saw some mtgox-live kung fu. Bidwall, Askwall, and bidwall again!

Edit: you know, someone is losing a gigantic amount of money from this...
SlaveInDebt
Hero Member
*****
Offline Offline

Activity: 702


Your Minion


View Profile
November 14, 2011, 02:48:39 AM
 #57

And bam, he pulls out at 6:45PM PST.  Where is he gonna get back in?

2.5 again Roll Eyes

"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
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2002


Legen -wait for it- dary


View Profile
November 14, 2011, 02:49:05 AM
 #58

I'm so confused! :/

Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
November 14, 2011, 02:49:09 AM
 #59

One thing is for sure.  Whatever happens, whoever is involved, there is only one guaranteed winner: MtGox.  They must be loving the volume.

Wall comes up, wall comes down, rinse repeat.  If whoever is responsible is reading this forum, I'd just like to say I'm enjoying the show.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
dree12
Legendary
*
Offline Offline

Activity: 1232



View Profile
November 14, 2011, 02:49:37 AM
 #60

One thing is for sure.  Whatever happens, whoever is involved, there is only one guaranteed winner: MtGox.  They must be loving the volume.

Wall comes up, wall comes down, rinse repeat.  If whoever is responsible is reading this forum, I'd just like to say I'm enjoying the show.
Unless all this money is fake and from a Mt.Gox hack, of course.
Pages: « 1 2 [3] 4 5 6 7 8 9 10 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!