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Eisenhower34
Legendary
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Activity: 906
Merit: 1002
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October 11, 2014, 05:51:15 AM |
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This really does not matter as the sell wall has been eaten up completly.
I suspect that the bear whale was some kind of attempt to market manipulation. The expected result of that kind of order would be for the price of bitcoin to drop dramatically both after the order is placed, while the order is being executed (while the wall is being "eaten") and after the wall is gone. Instead the price barely moved once the order was placed and mostly buy orders were placed against the wall. Also the price has moved up in excess of 10% since the bear whale has come and gone.
I think he was trading on both sides of the market. I suspect that he had money in another account and used a bot to buy up much of the order and was hoping to buy at lower prices
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sushibi
Newbie
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Activity: 56
Merit: 0
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October 11, 2014, 06:07:10 AM |
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Good Q. Could be a few people pooling together. Or one badass. Would be cool to see a face behind the dough!
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desticy
Sr. Member
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Activity: 1512
Merit: 292
www.cd3d.app
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October 11, 2014, 06:23:25 AM |
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Who is hero he prevent Bitcoin fell in the picture?
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lihuajkl
Legendary
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Activity: 1596
Merit: 1000
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October 11, 2014, 11:49:02 AM |
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No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.
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tanaka
Member
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Activity: 87
Merit: 10
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October 11, 2014, 12:36:52 PM |
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Good Q. Could be a few people pooling together. Or one badass. Would be cool to see a face behind the dough!
So what do you think is his age? |
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Q7
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October 11, 2014, 12:51:23 PM |
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I believe it's some price manipulation by the same person probably early adopter who still hold large stash of bitcoin so that can buy at cheap price. Even though price has recovered for now, long term is still towards the downside
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genco
Newbie
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Activity: 22
Merit: 0
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October 11, 2014, 01:19:35 PM |
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BFL liquidating BTC. either covering tracks or the proprietors getting ready to flee MO (cash is more valuable on the lam than BTC)
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µ
Newbie
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Activity: 53
Merit: 0
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October 11, 2014, 02:24:59 PM |
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Failed price manipulation...
If thoose BTC went to holders who don't sell or play around with them the BTC value will rise instead.
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nuff
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October 11, 2014, 03:56:46 PM |
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Who is hero he prevent Bitcoin fell in the picture?
All hail the BearWhale Slayer  Though I suspect that lots of little people (the community), would be more aptly depicted instead of just one single hero person. |
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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October 11, 2014, 04:28:49 PM |
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Media hype begins. Expect new ATH in 2-4 months.
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Look inside yourself, and you will see that you are the bubble.
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Skoupi
Sr. Member
Offline
Activity: 252
Merit: 250
Skoupi the Great
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October 11, 2014, 04:40:16 PM |
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No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.
The real whales are pushing billions of dollars in new bitcoin businesses through vc. The price is a poor indicator for what's going on right now. |
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wobber
Legendary
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Activity: 1064
Merit: 1001
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October 11, 2014, 06:06:30 PM |
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Media hype begins. Expect new ATH in 2-4 months.
What media hype? |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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funtotry
Sr. Member
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Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
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October 12, 2014, 02:50:53 AM |
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No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.
The real whales are pushing billions of dollars in new bitcoin businesses through vc. The price is a poor indicator for what's going on right now. I think the actual number is actually in the tens/hundreds of millions of dollars. The VC is also not specifically betting on bitcoin but rather crypto currency taking off in general. The VC money that is being put into bitcoin related businesses will likely see a ROI in the event that either bitcoin or any altcoin is successful, as the businesses could easily adapt to another altcoin |
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