Who just sold?

[NamelessOne]

Nothing more than an expected correction. This will happen many times on the way up, and it seems clear that we are on the way up. Many of these sellers and panic sellers may very well be facepalming themselves when the price goes higher than what they sold at.

[ineededausername]

Nothing more than an expected correction. This will happen many times on the way up, and it seems clear that we are on the way up. Many of these sellers and panic sellers may very well be facepalming themselves when the price goes higher than what they sold at.

This^

+1.

[cypherdoc]

nice recovery, huh?

[anu]

Can anyone explain these spikes? Why is someone pushing the price down in a spike when he could clearly have sold everything at >5.1 if he had done so in 4 or 6 tranches of less than 5000 instead of one of 20K? It's not even manipulative - the price just bounced back like a rubber ball. That guy just gave away $2000 or so.

[RyNinDaCleM]

It was a "GMO" move for $100k! He wasn't concerned about  a few G's of slippage.

[RandyFolds]

I'd like to thank whoever just sold. Gave me a chance to buy a few more coins at low prices.

I think you are confused about prices. 250%+ above a month ago is not exactly low...

[cypherdoc]

Can anyone explain these spikes? Why is someone pushing the price down in a spike when he could clearly have sold everything at >5.1 if he had done so in 4 or 6 tranches of less than 5000 instead of one of 20K? It's not even manipulative - the price just bounced back like a rubber ball. That guy just gave away $2000 or so.

thats Bullish.

[deepceleron]

Where are you guys getting this 20k sold thing I've seen in several posts? Looks a lot more like a 9600 bitcoin sale to me (or a $50,000 profit taking, if that's what you are looking at). Then the bushes were beaten.

[anu]

Where are you guys getting this 20k sold thing I've seen in several posts? Looks a lot more like a 9600 bitcoin sale to me (or a $50,000 profit taking, if that's what you are looking at). Then the bushes were beaten.

You're right. My apologize for posting before looking at the data properly.

[arepo]

I wouldn't sell yet, there will be plenty of dumpers on the way up.  Can't get nervous every time someone gets out. Don't be a wuss. 

remember this dump? and now 5.15 BTC are hella cheap. BB is right, there will be plenty of people itching to get out and cut losses from the crash on the way up. this is good: it will prevent another bubble from forming. but the uptrend will continue.

[StewartJ]

I wouldn't sell yet, there will be plenty of dumpers on the way up.  Can't get nervous every time someone gets out. Don't be a wuss. 

remember this dump? and now 5.15 BTC are hella cheap. BB is right, there will be plenty of people itching to get out and the cut losses from the crash on the way up. this is good: it will prevent another bubble from forming. but the uptrend will continue.

+1