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Author Topic: JUMP TO $4.99!  (Read 3297 times)
Terpie
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May 10, 2011, 03:35:23 AM
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What the hell just happened?

Edit: Did someone just push a $50k order at once?
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MemoryDealers
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May 10, 2011, 03:42:43 AM
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Thats what it looks like.

Maybe a drug king pin decided to start using bitcoin.

kiba
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May 10, 2011, 03:47:19 AM
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Going to be a crazy bounce.

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May 10, 2011, 03:50:37 AM
 #4

Huh.
mewantsbitcoins
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May 10, 2011, 03:53:15 AM
 #5

buy buy $4
hello $5
 Grin
Terpie
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May 10, 2011, 03:54:59 AM
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Something doesn't seem right. Someone with $50k to invest is probably smart enough to realize they could have slowly bought over 2-3 days at a much lower cost-average than a single market price order. Perhaps they wanted to break the technical boundary and send a signal to the market? This is very bullish, imo.
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May 10, 2011, 03:56:28 AM
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Something doesn't seem right. Someone with $50k to invest is probably smart enough to realize they could have slowly bought over 2-3 days at a much lower cost-average than a single market price order. Perhaps they wanted to break the technical boundary and send a signal to the market? This is very bullish, imo.

Maybe they have a lot more than $50K that they intend to invest.
This could be the signal to attract other sellers into the market so they can buy a lot more.

Terpie
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May 10, 2011, 03:56:33 AM
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Haha, funny thought. Maybe they ARE dollar cost-averaging.
Terpie
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May 10, 2011, 03:57:11 AM
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Something doesn't seem right. Someone with $50k to invest is probably smart enough to realize they could have slowly bought over 2-3 days at a much lower cost-average than a single market price order. Perhaps they wanted to break the technical boundary and send a signal to the market? This is very bullish, imo.

Maybe they have a lot more than $50K that they intend to invest.
This could be the signal to attract other sellers into the market so they can buy a lot more.


Yea, that's a scary (in a good way) thought I just had as well.
Alex Beckenham
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May 10, 2011, 04:02:51 AM
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Someone with $50k to invest is probably smart enough to realize they could have slowly bought over 2-3 days at a much lower cost-average than a single market price order.

Someone with $50k to invest still has to wonder whether someone with $51k is going to get in before them and push the price up.

So getting the coins NOW might be important to them for that reason.

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May 10, 2011, 04:03:40 AM
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What the hell just happened?

Edit: Did someone just push a $50k order at once?

I just got home from work and pulled up bitcoincharts and then, WTF!
bitjet
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May 10, 2011, 04:03:56 AM
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I just saw this about a second ago and yelled "Jesus christ!" and woke my wife up. lol.
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May 10, 2011, 04:04:46 AM
 #13

I just saw this about a second ago and yelled "Jesus christ!" and woke my wife up. lol.

And, seriously, where did all this new hashing power come from?  Something's fishy.
dingus
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May 10, 2011, 04:05:26 AM
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I remember the day we creamed our collective pants about $1 parity  Cry

ding·us/ˈdiNGgəs/
Noun: Used to refer to something whose name the speaker cannot remember, is unsure of, or is humorously or euphemistically omitting
kiba
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May 10, 2011, 04:05:34 AM
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And, seriously, where did all this new hashing power come from?  Something's fishy.

Buying AMD's GPUs?

kiba
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May 10, 2011, 04:07:57 AM
 #16

All that while the price of my bitcoin ads remain the same, at least for time being. In fact, I think the price of my ads went up or stay stable.  Wink

Yeah. baby! Bring in the dough!

marcus_of_augustus
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May 10, 2011, 04:09:04 AM
 #17

Yep, cleaned out all the sells all the way up to $5 ... gonna be a $5 plus weekend, .. probably $7.50 is next place for a pause cause there ain't much on the sell side at the moment.

CryptikEnigma
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May 10, 2011, 04:09:23 AM
 #18

Wow
MemoryDealers
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May 10, 2011, 04:11:11 AM
 #19

All that while the price of my bitcoin ads remain the same, at least for time being. In fact, I think the price of my ads went up or stay stable.  Wink

What ads are these?

stic.man
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May 10, 2011, 04:13:23 AM
 #20

It would be great if this was a few individuals making large purchases as opposed to one guy. Maybe the print media just hit
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