Who is behind the flash crash?

[nelruk]

Almost everybody read about the agressive position of some users in Bitstamp and Bitfinex making BTC fall down almost 150 USD in lees than two weeks. There is no doubt in my mind someone is speculating with short selling in several excahnges. But having no other information I'm asking who would that be? Who is the group/institution/investment center capable to do such thing? Do you think in somebody?

[Kluge]

Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

[nelruk]

Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

The sarcasm is strong with you sir  (or you're not?)

But behind the sarcasm, you're quite right. I read in Coindesk that Bitfinex may be speculating with their new filter of order.

[GangkisKhan]

Almost everybody read about the agressive position of some users in Bitstamp and Bitfinex making BTC fall down almost 150 USD in lees than two weeks. There is no doubt in my mind someone is speculating with short selling in several excahnges. But having no other information I'm asking who would that be? Who is the group/institution/investment center capable to do such thing? Do you think in somebody?

It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.

Someone who has controlled of a lot of bitcoin is dumping them everyday.

[wasserman99]

Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

HAHA.

This is probably not true, but it is probably very funny.

The real reason behind the flash crash on BTC-e was likely, IMO because of a change in margin requirements that caused many accounts to trigger automatic selling due to these increased requirements. I am not saying that it is not a good idea to make margin requirements more strict as the price has been declining heavily recently and this will reduce risk to the exchange and thus their other customers.

[DavidHume]

Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

Is his wallet a public record? Just need to look it up and see if there is any coin movement.

[bounst]

watch and analytic the web logs in order to know

[spazzdla]

I still maintain it's someone attempting to buy up a ton of coins before they pump it back up..

IMO they are testing their control over the market.

[Rakitich]

Some say it had to do with the Ethereum IPO.

[Ayers]

ethereum/vacation/scammers/ even those campaign are contributing to the btc fall, i'm a holder but many are not they just want btc to dump for fiat

[Rakitich]

Yep forgot it's middle of summer, action will come back after summer.

[TheClownSong]

Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

I seriously doubt that satoshi was selling, as this certainly would have made the news (people would see that his BTC that it is known that he mined were moving.

I agree as posted above that it was likely due to margin calls.

[CryptInvest]

In my opinion flash crash create exchanges for more profits with margin call. In particular btc-e caught the other day on these frauds.

[odolvlobo]

It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.
Someone who has controlled of a lot of bitcoin is dumping them everyday.

Here is a question for the conspiracy-theorists:

Ok, you believe that some big whale dumped coins on the market in order to drive the price down so they could buy them back cheaply. Well, this big whale sold bitcoins for as low as $310. What price did they buy them back at?

[Ektra]

It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.
Someone who has controlled of a lot of bitcoin is dumping them everyday.

Here is a question for the conspiracy-theorists:

Ok, you believe that some big whale dumped coins on the market in order to drive the price down so they could buy them back cheaply. Well, this big whale sold bitcoins for as low as $310. What price did they buy them back at?

A good point. Which raises the question of why someone was so intent on selling so many bitcoins that quickly and damn the price. It seems like either a complete cash-out by someone (maybe a panic sell from some foolish new whales who went all in at higher prices), or an attempt to strike a blow against the market.

[master-P]

It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.
Someone who has controlled of a lot of bitcoin is dumping them everyday.

Here is a question for the conspiracy-theorists:

Ok, you believe that some big whale dumped coins on the market in order to drive the price down so they could buy them back cheaply. Well, this big whale sold bitcoins for as low as $310. What price did they buy them back at?

They would not necessarily want to buy the BTC back. Generally speaking when someone sells that large of a position they are doing so to cash out and does not want to try to get back into the market. I do however doubt that the crash was caused by a whale. I think it would be more likely that margin requirements were changed on btc-e.

[ticoti]

I think this is not a misclick
this has been an intention sell of whales to fill their pockets with cheap bitcoins

[dexX7]

Just as a remainder.. BTC-E had worse moments..



http://www.zerohedge.com/news/2014-02-10/bitcoin-flash-crashes-drops-80-seconds

[EricTyle]

Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

For a second there, I thought that you were being for real. Then I looked at your Avatar, and that was my face.

[sandykho47]

Someone crazy sold lot BTC & buy it again 
But BTC-E price is more crazier 
Maybe some bot do it 

But some people who very luck is bought when the price is very low