Source of 30k+ ask wall on Bitstamp

[cypherdoc]

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 

Nice try. Look at the charts. He got swallowed.

[FUR11]

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 

Nice try. Look at the charts. He got swallowed.

Has anyone considered the possibility that someone just bought their own coins on Stamp? I mean, yeah you'd have to spend quite some amount of fees, but the effect on the market could be in a way to achieve something bigger.

[serenitys]

So he/she deliberately devalues his own coin to buy in cheaper?

[redsn0w]

So he/she deliberately devalues his own coin to buy in cheaper?

The  30k btc wall was deleted , so nobody know  what is the answer at your question .

[elux]

The  30k btc wall was deleted , so nobody know  what is the answer at your question .

NOPE! The 30k wall was eaten in full. The whale was slain at $300.

See for yourself: https://www.youtube.com/watch?v=-uX_bB_4VJk

[serenitys]

Right - I was responding to the one above me, pointing out the logic fail in that scenario. ;-)

[redsn0w]

The  30k btc wall was deleted , so nobody know  what is the answer at your question .

NOPE! False, it was eaten. The whale was slain at $300.

See for yourself: https://www.youtube.com/watch?v=-uX_bB_4VJk

Oh amazing , so all the wall of 30k was sold ? I think no .However thanks for the video.

[serenitys]

That video was awesome to watch. +1 for the sound track too.

Apparently I fell asleep about 20 minutes before it got lovely. Figures 

[elux]

It starts a little slow, but the finale is amazing: http://youtu.be/-uX_bB_4VJk?t=4m

[hyphymikey]

https://twitter.com/barrysilbert/status/519120987334651905

@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales

[FUR11]

https://twitter.com/barrysilbert/status/519120987334651905

@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales

Interesting. So this is only US-wise in that case? I don't know if this really is a factor. But it could be, of course. It wouldn't apply to the Chinese mining farms, liquidating their profits, though! I wonder if we ever see a definitive answer to these questions!

[gog1]

https://twitter.com/barrysilbert/status/519120987334651905

@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales

I think a lot of bitcoiners are tax dodgers

[serenitys]

https://twitter.com/barrysilbert/status/519120987334651905

@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales

Interesting. So this is only US-wise in that case? I don't know if this really is a factor. But it could be, of course. It wouldn't apply to the Chinese mining farms, liquidating their profits, though! I wonder if we ever see a definitive answer to these questions!

Right because if Mr or Ms Whale whipped up a nice thread on here to explain their motivation, that wouldn't cause a backlash of hatemongering on this forum.  

[derpinheimer]

The  30k btc wall was deleted , so nobody know  what is the answer at your question .

NOPE! The 30k wall was eaten in full. The whale was slain at $300.

See for yourself: https://www.youtube.com/watch?v=-uX_bB_4VJk

That was awesome! Nice music too.

[fewcoins]

So he/she deliberately devalues his own coin to buy in cheaper?

The  30k btc wall was deleted , so nobody know  what is the answer at your question .

Someone dumps $7mil in BTC @ $300 & the dumb money comes running into the market thinking they know better! LOL!!! 

[CryptoCarmen]

It is a Bill Gates, learning of Bitcoin.

[Tstar]

or may be paypal dumping BTC price so that they can buy more at lower price

[An amorous cow-herder]

Has anyone considered the possibility that someone just bought their own coins on Stamp? I mean, yeah you'd have to spend quite some amount of fees, but the effect on the market could be in a way to achieve something bigger.

Was thinking along that line as well. Volume low for ages, and then a huge sell wall gets eaten up so quickly? But it stop right after eating through it?
Might be a "cheap" attempt to get people to start a rally.
Sure would quite a lot in fees, unless it were people from Bitstamp themselves. But may have been considered worth the risk anyway to trigger a rally.

[sgbett]

The whole thing was orchestrated by the people that have been acquiring throughout the sell off, and is intended to spark off the next run up.

[derpinheimer]

The whole thing was orchestrated by the people that have been acquiring throughout the sell off, and is intended to spark off the next run up.

Nonsense. Coins bought in 2012 being sold at market to create a run up? It's not like he bought his own coins.