Bitcoin Forum
June 03, 2024, 02:56:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 26,000btc sell off a few days back  (Read 1408 times)
cmoffat (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
October 08, 2014, 01:50:21 PM
 #1

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.
blastmaster
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
October 08, 2014, 02:18:56 PM
 #2

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Personally I just think it was a whale deciding it was time to cash out some of his large holdings, that's all.
CrackedLogic
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000



View Profile
October 08, 2014, 02:22:08 PM
 #3

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Wasn't it 31 000 btc?

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
Ektra
Full Member
***
Offline Offline

Activity: 137
Merit: 106


View Profile
October 08, 2014, 02:42:50 PM
 #4

The thing is it didn't cause a panic sell. Bearwhale was handily keeping the prices depressed by keeping the sell wall just out of reach for a while ($320 when we were trading ~310) but as soon as they slapped it in at $300 the buy pressure was constant and it was quite clear the price would jump if all coins were bought.
cmoffat (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
October 08, 2014, 02:55:08 PM
 #5

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Wasn't it 31 000 btc?


I got the 26,000btc number from the etheurm thread, that's what made me put 2 and 2 together.
MNDan
Full Member
***
Offline Offline

Activity: 287
Merit: 101



View Profile
October 08, 2014, 03:05:27 PM
 #6

I think someone had some taxes to pay and waited until the last minute to turn some coin into fiat. That is all.
Pruden
Hero Member
*****
Offline Offline

Activity: 496
Merit: 500

Spanish Bitcoin trader


View Profile
October 08, 2014, 03:07:46 PM
 #7

Or he wanted to give the impression of and end to the downtrend by buying his own wall. It's only a 0.6% fee and he has caused well over that increase in price.
otto93
Member
**
Offline Offline

Activity: 216
Merit: 10

Live, Hope, Win


View Profile
October 08, 2014, 06:04:52 PM
 #8

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Wasn't it 31 000 btc?


Yes, and they still have most of them in the address below.

https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

It cannot have been a dump of the btc that ethereum received via their pre-sale.

redsn0w
Legendary
*
Offline Offline

Activity: 1778
Merit: 1042


#Free market


View Profile
October 08, 2014, 06:07:50 PM
 #9

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Wasn't it 31 000 btc?


Yes, and they still have most of them in the address below.

https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

It cannot have been a dump of the btc that ethereum received via their pre-sale.

Yeah I've checked , so (at the moment) they don't sell anything   or at least only a few thousand of btc  ( that was sent here : https://blockchain.info/it/address/39BaMQCphFXyYAvcoGpeKtnptLJ9v6cdFY ).
cmoffat (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
October 08, 2014, 06:41:15 PM
 #10

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Wasn't it 31 000 btc?


Yes, and they still have most of them in the address below.

https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

It cannot have been a dump of the btc that ethereum received via their pre-sale.

There goes my theory regarding that then, lol. Not to worry, was just a thought.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
October 08, 2014, 07:04:04 PM
 #11

https://bitcointalk.org/index.php?topic=815954.msg9126759#msg9126759

Look inside yourself, and you will see that you are the bubble.
derpinheimer
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
October 08, 2014, 07:05:59 PM
 #12

Hi to everyone,

I was just wondering if anyone was thinking along the same lines as me. Recently someone dumped 26,000btc which caused panic sell off over the weekend.

Could this be the same 26,000btc that ethereum received via their pre-sale?

Maybe they just decided to cash in.


Wasn't it 31 000 btc?


It was closer to 38,000.

( the dump was, not ethereum)
cmoffat (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
October 08, 2014, 07:17:55 PM
 #13


Your theory is very interesting, thanks for sharing. I really hope that you are right :-) Fingers crossed.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!