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Author Topic: Someone just took a gigantic dump.  (Read 13817 times)
proudhon
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November 14, 2011, 03:33:43 AM
 #81

And here we have it... Mt.Gox 3.5 Hour volume > Tradehill 30 day volume.

Even better, in just 4 hours there's been almost as much volume than on 9/9/11 all day.
We'll break a Mt.Gox record today set in June with only a few more thousand bitcoins!

Yawn.  When USD volume is breaking records I'll be impressed (hint: not going to happen).
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proudhon
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November 14, 2011, 03:34:41 AM
 #82

And with that 20000 coin sale that happened just now, volume records have been broken.

WTF?  20,000BTC just got sold but I didn't see the depth change on the bid side...Did I miss something?

Edit:  Nevermind, now I see it.
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November 14, 2011, 03:35:25 AM
 #83

And with that 20000 coin sale that happened just now, volume records have been broken.
Mt.Gox is now at 80% of the 30 day volumes. Strangely, tradehill has not declined from 8%.

Edit: New lows recorded @ 2.4. Will the 2.4 support hold?
greyhawk
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November 14, 2011, 03:36:51 AM
 #84

And with that 20000 coin sale that happened just now, volume records have been broken.

WTF?  20,000BTC just got sold but I didn't see the depth change on the bid side...Did I miss something?

The wall is at exactly 2,50. The 20000 BTC sale was for 2,500001.
BTCurious
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November 14, 2011, 03:37:51 AM
 #85

What the fuck. Bidwall was gone. Then was replaced 5 seconds later. In the meantime it dropped to ~2.4...

dree12
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November 14, 2011, 03:39:00 AM
 #86

What the fuck. Bidwall was gone. Then was replaced 5 seconds later. In the meantime it dropped to ~2.4...
Whoever was trying to manipulate price down succeeded. When people wake up, they will realize just how little liquidity is in this market and start selling.
proudhon
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November 14, 2011, 03:39:14 AM
 #87

What the fuck. Bidwall was gone. Then was replaced 5 seconds later. In the meantime it dropped to ~2.4...

The bitcoin market is getting trolled by early adopters/deep pockets.  lol
BTCurious
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November 14, 2011, 03:39:58 AM
 #88

The bitcoin market is getting trolled by early adopters/deep pockets.  lol
lol

Etlase2
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November 14, 2011, 03:40:24 AM
 #89

trolled to the tune of "3.5 million"

RyNinDaCleM
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November 14, 2011, 03:48:40 AM
 #90

trolled to the tune of "3.5 million"
What do you mean? Total volume is at only 623,xxx. Am I missing something?

Etlase2
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November 14, 2011, 03:53:13 AM
 #91

The 7.5m*$0.50 of value "lost" by people believing that bitcoin has some form of stability or future, when all it really appears to be is early adopters playing games with your money and electricity.

Raoul Duke
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November 14, 2011, 03:58:53 AM
 #92

The 7.5m*$0.50 of value "lost" by people believing that bitcoin has some form of stability or future, when all it really appears to be is early adopters playing games with your money and electricity.

I would dare to say that so far they are only playing games with MtGox database...

RyNinDaCleM
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November 14, 2011, 04:01:47 AM
 #93

The 7.5m*$0.50 of value "lost" by people believing that bitcoin has some form of stability or future, when all it really appears to be is early adopters playing games with your money and electricity.

Oh, you're talking market cap. My bad!

mjcmurfy
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November 14, 2011, 04:07:39 AM
 #94

MtGoxLive has finally calmed down.
Everyone relax. The major volatility is over for the time being.

The room holds it's breath ...

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
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November 14, 2011, 04:10:40 AM
 #95

MtGoxLive has finally calmed down.
Everyone relax. The major volatility is over for the time being.

The room holds it's breath ...

Except, after all that buying >2.50, he goes and puts his wall at 2.40. So now, (mostly) everyone is losing money.

BTCurious
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November 14, 2011, 04:12:02 AM
 #96

So now, (mostly) everyone is losing money.
That's not how it works…

mjcmurfy
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November 14, 2011, 04:13:07 AM
 #97

Except, after all that buying >2.50, he goes and puts his wall at 2.40. So now, (mostly) everyone is losing money.

That is a sign of real support at 2.40. There has been no extreme buying to pump the price. Whoever was doing this has had enough fun for one day. Time will tell what will happen next, but not tonight I would imagine.

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!
phorensic
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November 14, 2011, 04:13:20 AM
 #98

It's not gonna stay calm with 57,000 BTC sitting there in the palm of this guy's hand.  Currently on the buy side.  We've seen him do "kung-fu" with his own money by instantly throwing up ask and then bid walls back and forth.
Jonathan Ryan Owens
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November 14, 2011, 04:14:07 AM
 #99

MtGoxLive has finally calmed down.
Everyone relax. The major volatility is over for the time being.

The room holds it's breath ...

Except, after all that buying >2.50, he goes and puts his wall at 2.40. So now, (mostly) everyone is losing money.

I'm all in USD at the moment, up $108 from riding the rinse / repeat cycle on $900 USD. I have a feeling that a lot of people similarly have full stomachs.

Etlase2
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November 14, 2011, 04:14:36 AM
 #100

So now, (mostly) everyone is losing money.
That's not how it works…


That is a sign of real support at 2.40. There has been no extreme buying to pump the price. Whoever was doing this has had enough fun for one day. Time will tell what will happen next, but not tonight I would imagine.

taint just a river in egypt

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