Source of 30k+ ask wall on Bitstamp

[jaredboice]

Another wall of 28k bitcoin at $ 320   .....

its gone. but will people fall for it again?

fool me once shame on ...

Will be back in full effect tomorrow....... Look out below guys!

If I had 9 million on Stamp I would so love to buy that dumb asses order before he could even have a chance to refresh his screen. Would be soooooo funny.

Is it possible any of those orders could just be fake?  Serious question...

[waterpile]

Another wall of 28k bitcoin at $ 320   .....

its gone. but will people fall for it again?

fool me once shame on ...

Will be back in full effect tomorrow....... Look out below guys!

If I had 9 million on Stamp I would so love to buy that dumb asses order before he could even have a chance to refresh his screen. Would be soooooo funny.

Is it possible any of those orders could just be fake?  Serious question...

no one knows, all are just wild guessing and speculations

[krb91]

Maybe it's Satoshi giving us all an equal chance to buy cheap coins.

[williamj2543]

Maybe this is the "genius" :

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

Does anyone know who this is? Also I vote that its a whale who knows more than us.

[corsaro]

Maybe this is the "genius" :

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

Does anyone know who this is? Also I vote that its a whale who knows more than us.

now the sell wall is 15k BTC on bitstamp

[gr8n8]

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?

i'd like to believe the continued increased in number of exchanges wallets going into top 500 (as the number of exchanges increases) for the increase in the graph
also exchanges splitting their funds across multiple wallets

[drakoin]

I followed 38,094 btc upstream, which were moved yesterday evening

Maybe this is the "genius" :
https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1

Might be, or might not be related ...:

38,094 btc https://blockchain.info/de/address/1JX5hS3HyVT3VwnEgvoPLVu6ujPFH7BvrY
<-- 40,304 btc https://blockchain.info/de/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq
<-- -- 35,327 btc https://blockchain.info/de/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

And that last address 19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w has been accumulating 900-2000 btc portions between August and October 2012.

Anyone can interprete those quite regular, and similiarly sized transactions (from always 4-6 source addresses) ?

BTW, back then, the price was ~25 times lower than his 300$
http://bitcoincharts.com/charts/mtgoxUSD#rg2zig2-hourzczsg2012-08-21zeg2012-10-07ztgOzm1g10zm2g25

[fewcoins]

Maybe this is the "genius" :

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

Does anyone know who this is? Also I vote that its a whale who knows more than us.

now the sell wall is 15k BTC on bitstamp

Well I did tell you it would be in full effect didn't I ?!

[tabnloz]

Wall down.......

off we go....

[GangkisKhan]

Might be old school bitcoiner decided to leave the game and cash out their wealth to enjoy the sun.

[testerman]

and a big whale had eaten another big big big whale, as always..

i think bitcoin is free to go, now

[krb91]

Wall down.......

off we go....

Did the whale remove the wall with coins still unsold, or were they all sold?

[krb91]

Two and a half hours ago I think there were like 12.5 k left to sell. All 12.5 k were sold in those two and a half hours?

[Edit]

I just looked at a chart and there is a massive 12.5 k candle about two hours ago! So another whale brought them off the whale selling?

[Asrael999]

Two and a half hours ago I think there were like 12.5 k left to sell. All 12.5 k were sold in those two and a half hours?

[Edit]

I just looked at a chart and there is a massive 12.5 k candle about two hours ago! So another whale brought them off the whale selling?

no - lots of buy orders in a very quick time period - there were some large 2000 coin trades , but also a lot of 0.1 - 10 sizes

Re the poll we need a NONE OF THE ABOVE option.

Wouldn't be surprised if whale bought his own coins (or most of them) in attempt to spark a buying frenzy.

[JimboToronto]

and a big whale had eaten another big big big whale, as always..

[redsn0w]

I followed 38,094 btc upstream, which were moved yesterday evening

Maybe this is the "genius" :
https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1

Might be, or might not be related ...:

38,094 btc https://blockchain.info/de/address/1JX5hS3HyVT3VwnEgvoPLVu6ujPFH7BvrY
<-- 40,304 btc https://blockchain.info/de/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq
<-- -- 35,327 btc https://blockchain.info/de/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

And that last address 19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w has been accumulating 900-2000 btc portions between August and October 2012.

Anyone can interprete those quite regular, and similiarly sized transactions (from always 4-6 source addresses) ?

BTW, back then, the price was ~25 times lower than his 300$
http://bitcoincharts.com/charts/mtgoxUSD#rg2zig2-hourzczsg2012-08-21zeg2012-10-07ztgOzm1g10zm2g25

I don't know .. but this is  ( 100%) an early adopter ....

[williamj2543]

Guess we are up to 325 usd. Are these price swings because of this big whale?

[FUR11]

I really don't know what to believe. I think it could be some big mining company cutting their losses and selling the coins now, when the upswing from the breakdown to the $270s occurred, effectively letting everyone running into their asks.

[fewcoins]

and a big whale had eaten another big big big whale, as always..

Um no actually he removed the order... It will come back again when China time hits 

[spazzdla]

Greedy not evil manipulator.