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Terpie (OP)
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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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Activity: 1052
Merit: 1155
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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.
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kiba
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Activity: 980
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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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SgtSpike
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Activity: 1400
Merit: 1005
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May 10, 2011, 03:50:37 AM |
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Huh.
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Terpie (OP)
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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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MemoryDealers
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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. |
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Terpie (OP)
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May 10, 2011, 03:56:33 AM |
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Haha, funny thought. Maybe they ARE dollar cost-averaging.
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Terpie (OP)
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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. |
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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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proudhon
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Activity: 2198
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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! |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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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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proudhon
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Activity: 2198
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May 10, 2011, 04:04:46 AM |
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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. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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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  |
ding·us/ˈdiNGgəs/
Noun: Used to refer to something whose name the speaker cannot remember, is unsure of, or is humorously or euphemistically omitting
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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? |
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kiba
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Activity: 980
Merit: 1014
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May 10, 2011, 04:07:57 AM |
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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.  Yeah. baby! Bring in the dough! |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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May 10, 2011, 04:09:04 AM |
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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.
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MemoryDealers
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May 10, 2011, 04:11:11 AM |
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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. What ads are these? |
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stic.man
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May 10, 2011, 04:13:23 AM |
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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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proudhon
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May 10, 2011, 04:18:46 AM |
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It would be great if this was a few individuals making large purchases as opposed to one guy. Maybe the print media just hit
Yeah, right. Some rich guy just finished reading the Forbes article. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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MemoryDealers
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May 10, 2011, 04:22:00 AM |
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Kiba,
How widely are those ads running?
Thanks for doing them!
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kiba
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May 10, 2011, 04:24:11 AM |
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Kiba,
How widely are those ads running?
Thanks for doing them!
Widely? It functuates from at least 1 hundred to several hundred uniques. |
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SgtSpike
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May 10, 2011, 04:28:56 AM |
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Did anyone else besides me notice that all but 1 of the 5850's for sale on newegg are now sold out?
Hmmm....
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MemoryDealers
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May 10, 2011, 04:32:29 AM |
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There is now an open buy order on MTGOX for 6000 BTC @ $4 each. ($24,000 USD worth)
I wonder if it is the same guy.
EDIT ***** It's gone now. It looks like we have a big stealth buyer lurking on Mt. Gox *****
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Terpie (OP)
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May 10, 2011, 04:37:35 AM |
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There is now an open buy order on MTGOX for 6000 BTC @ $4 each. ($24,000 USD worth)
I wonder if it is the same guy.
EDIT ***** It's gone now. It looks like we have a big stealth buyer lurking on Mt. Gox *****
Yea, I just looked... strange. Must be the same guy. He's still got some change to spend. |
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Terpie (OP)
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May 10, 2011, 04:39:19 AM |
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Another $24k USD would blow us through the asks to $6
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stic.man
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May 10, 2011, 04:39:30 AM |
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Wonder how low it'll drop when the selloff begins.
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marcus_of_augustus
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Activity: 3920
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Eadem mutata resurgo
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May 10, 2011, 04:40:39 AM |
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Or several big stealth buyers .... the forbes magazine guys who read it in bed in their smoking jackets at the hamptons spent the first 24 hours thinking "wtf is this, geek money!? huh?" ... the next few hours ringing brokers etc to see how they can get in on it ... and now show up ... that's the sharp or desperate ones ... the big rollers will be slower and more methodical like elephants but it will be unmistakeable if they show up ... 0.02 btc worth.
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Raize
Donator
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Activity: 1419
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May 10, 2011, 05:29:04 AM |
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This was just a late night buy or maybe a larger Japanese investor that didn't understand how MtGox worked, IMHO.
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fetokun
Full Member
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Activity: 210
Merit: 100
Presale is live!
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May 10, 2011, 06:12:14 AM |
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Its the mBTC on the way!
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slush
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Activity: 1386
Merit: 1097
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May 10, 2011, 06:39:27 AM |
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Something doesn't seem right. Someone with $50k to invest is probably smart enough
I meet one man which speculated thousands of dollars on bitcoin/mtgox. I was surprised that he doesn't know too much about how this exchange works technically. For example that he can place order to some price level and wait until it is filled by others and NOT move the market by his order... |
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Darth Severus
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May 10, 2011, 08:48:40 AM |
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I would also buy a lot of coins if I had the money.  Couldn´t you have waited for two years or so. I´m not realy woundering, BTC is just great, I think it´s gona work fine. |
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