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Author Topic: $250,000 on the Bid  (Read 2165 times)
GoWest
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November 14, 2011, 02:57:54 AM
 #1

http://www.thebitcointrader.com/2011/11/125000-waiting-to-buy-bitcoins.html

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dree12
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November 14, 2011, 02:58:48 AM
 #2

Fake bid walls should be taken with a grain of salt. This person isn't buying that many bitcoins, like it or not.
GoWest
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November 14, 2011, 03:00:29 AM
 #3

Fake bid walls should be taken with a grain of salt. This person isn't buying that many bitcoins, like it or not.

The fact of the matter is, there's a quarter-of-a-million dollars on Mt.Gox, waiting to do something.

dree12
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November 14, 2011, 03:01:08 AM
 #4

Fake bid walls should be taken with a grain of salt. This person isn't buying that many bitcoins, like it or not.

The fact of the matter is, there's a quarter-of-a-million dollars on Mt.Gox, waiting to do something.
Then explain why 2/3 of that quarter-of-a-million is gone now?
greyhawk
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November 14, 2011, 03:01:14 AM
 #5

Look at what just happened to that wall, it got cut in half.

EDIT: beaten.
Etlase2
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November 14, 2011, 03:03:02 AM
 #6

What does A care if he paid $3 in electricity for those 50k coins? Why not use occam's razor and instead of assuming someone is stupid enough to put 100-200k into this market, that the only people with this kind of depth got it from the early adoption of bitcoin. For crying out loud, 50k coins were put on ask then immediately moved to bid in a span of a second. Misclick?

GoWest
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November 14, 2011, 03:03:07 AM
 #7

Fake bid walls should be taken with a grain of salt. This person isn't buying that many bitcoins, like it or not.

The fact of the matter is, there's a quarter-of-a-million dollars on Mt.Gox, waiting to do something.
Then explain why 2/3 of that quarter-of-a-million is gone now?

You can't put in a bid unless you have the cash.  The money is there.  The question is, what is he going to do with it all?

GoWest
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November 14, 2011, 03:03:54 AM
 #8

What does A care if he paid $3 in electricity for those 50k coins? Why not use occam's razor and instead of assuming someone is stupid enough to put 100-200k into this market, that the only people with this kind of depth got it from the early adoption of bitcoin. For crying out loud, 50k coins were put on ask then immediately moved to bid in a span of a second. Misclick?

How do you put coins on the bid, exactly?

dree12
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November 14, 2011, 03:04:37 AM
 #9

What does A care if he paid $3 in electricity for those 50k coins? Why not use occam's razor and instead of assuming someone is stupid enough to put 100-200k into this market, that the only people with this kind of depth got it from the early adoption of bitcoin. For crying out loud, 50k coins were put on ask then immediately moved to bid in a span of a second. Misclick?

How do you put coins on the bid, exactly?
I place a bid for 5000 BTC. Offering 4900 BTC.
Etlase2
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November 14, 2011, 03:04:50 AM
 #10

The point is, it's the same person that has both cash and BTC massive depth. You guys are getting schooled.

GoWest
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November 14, 2011, 03:08:19 AM
 #11

Greater than $260,000 now.

BTCurious
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November 14, 2011, 03:09:58 AM
 #12

Dropped half again.

Two thirds.

EDIT: No wait, half now.

Going up again.

lol.

Wall creeping to 2.70 now.

greyhawk
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November 14, 2011, 03:12:14 AM
 #13

This is beginning to make me dizzy.
Vandroiy
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November 14, 2011, 03:12:29 AM
 #14

You all act as if that kind of money is something new in Bitcoin. Anybody who rode the bubble can have that much now.

Think about it. Selling 10k at 30 gives 300k USD. Not so absurd an idea to buy back now, for example.

Anyways, orders are never really fake. Anyone can take them, so the person can probably live with it if that happens.
BTCurious
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November 14, 2011, 03:12:47 AM
 #15

This graph is a mess.


proudhon
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November 14, 2011, 03:12:51 AM
 #16

Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.
RyNinDaCleM
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November 14, 2011, 03:13:33 AM
 #17

The walls are being inched up! Take one off the top, put it on the  bottom.

dree12
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November 14, 2011, 03:14:14 AM
 #18

Dropped half again.

Two thirds.

EDIT: No wait, half now.

Going up again.

lol.

Wall creeping to 2.70 now.
This manipulator is so much better than the downward manipulator - don't sell unlimited, rather buy limited.
notme
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November 14, 2011, 03:14:28 AM
 #19

The point is, it's the same person that has both cash and BTC massive depth. You guys are getting schooled.

Let's hope so... That's what I'm here for.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
greyhawk
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November 14, 2011, 03:15:38 AM
 #20

Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.
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