Source of 30k+ ask wall on Bitstamp

[DieJohnny]

Has to be manipulation, whoever has 30k to sell knows that the number of people with that much fiat on Bitstamp is probably zero.

If they really wanted to sell they would do it out of an exchange. Unless they are an unconnected foolish 2011 HODLer.

There are too many people with tens of thousands of coins, too much ability to manipulate this market, and not enough day to day volume.....

[1714842442]

1714842442

[1714842442]

1714842442

[Patel]

Exchange operator or insider.

Noone trusts anyone with 30k coins in this environment.

[xDan]

some BTC rich russian?

[DieJohnny]

Exchange operator or insider.

Noone trusts anyone with 30k coins in this environment.

I guess i didn't think that the ask is completely fake... interesting

Do we have another Gox problem with Stamp...... desperate attempt to buy cheap coins?

[redsn0w]

Exchange operator or insider.

Noone trusts anyone with 30k coins in this environment.

I voted  for :

Code:

A panicked whale that knows more than you

I think some early adopters woke up and now try "to manipulate" the price.

[krb91]

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

[piramida]

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280? It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

[BrewCrewFan]

If I was not mistaken I saw that the people who run stamp are Ripple supporters, so them manipulating t0 cause a crash in BTC I would not put out of question.

[teramit]

A panicked whale that knows less than us 

[krb91]

There's not much point manipulating one exchange if you can't simultaneously manipulate all the other big exchanges. People would just buy cheap off your one manipulated exchange and dump at high prices on the other exchanges.

[cypherdoc]

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280? It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

this.  we should audit Stamp.

and this says it all.  thx inca!:

[cypherdoc]

Nejc Kodric, if you're listening, your rep is on the line.

[BCwinning]

shouldn't be holding anyway and be using it as it's intended. a currency.
or is it hodling as the 13 yr old say?

[cypherdoc]

shouldn't be holding anyway and be using it as it's intended. a currency.
or is it hodling as the 13 yr old say?

real currencies over the ages have a right to be hodl'd.  it's part of the bargain; don't punish savers.

[porcupine87]

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280? It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

this.  we should audit Stamp.

and this says it all.  thx inca!:

interesting. Is there a graphic with the percentage of all bitcoins owned by top100/500?

[DieJohnny]

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280? It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

this.  we should audit Stamp.

and this says it all.  thx inca!:

WTF this is counter intuitive to me completely. I would think that the number of addresses that holds a large percentage of Bitcoin would go down not up over time as old holders bail out into fiat......

This can't be good can it?

[Tzupy]

I tried to figure out what happened, and here is my short conspiracy theory:
Nemesis dumped some 5k BTC, hoping to trigger a death spiral, he said he wants to kill the hardware (ASIC?) vendors.
The market was already in an oversold condition, so it didn't drop much further. But another (large?) whale panicked
and flashed that 30k BTC wall. Anyway, Nemesis said he'll be back with more ammo.

[redsn0w]

Maybe this is the "genius" :

https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1

[ElectricMucus]

we should audit Stamp.

lol

[teramit]

An evil manipulator trying to get cheap coins
if that is true why did he pulled back order ?