Bearwhale, again

[Joe200]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

[spazzdla]

An IPO you idiots funded with millions in wealth knowing all of those funds would be dumped onto the market at one point...

[Joe200]

You mean eharmony, or whatever they are called?  They didn't have to dump. Why would they have to dump?

How many coins did they have? Do they have any more?

[MrBig]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

[coinableS]

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

+1

[fewcoins]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

+2

[Carra23]

You mean eharmony, or whatever they are called?  They didn't have to dump. Why would they have to dump?

How many coins did they have? Do they have any more?

Or Ethereum. They have enough to spend a life of luxury on some beach and make anybody remotely known to them filthy rich. Maybe they panicked when they saw the dream yacht slipping away.

[derpinheimer]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

+2

+3. No better time to offload ahuge stack of btc than during downtrend. Not for top dollar, but for ease of finding the demand for them.

[exocytosis]

It was Tim Draper.

[WeGotCactus]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

Plenty of explanations. One of them:

A large off-exchange buyer has a contract with a large mining operation to buy their coins. The contract is so big that it makes sense for the buyer to manipulate price with 30k coins. Maybe they lose X,000  coins worth of value by dumping in that fashion, but gain Y,000 by being able to make their large off market purchase at a lower price.

No, they didn't buy all of their own coins. They had to eat through the order book to move price.

[BillyBobZorton]

Mr Vitalik is on it's way to buy another lambo. Jakes on you.

[jjacob]

It was Tim Draper.

Ha ha.... He sure didn't get his bitcoins that cheap. 

[fewcoins]

It was Tim Draper.

Ha ha.... He sure didn't get his bitcoins that cheap. 

You'd be surprised what price he got it at the same way you'll be amazed at what price miners pay for a coin...

[Kimowa]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

+2

+3. No better time to offload ahuge stack of btc than during downtrend. Not for top dollar, but for ease of finding the demand for them.

+4. No wonder price is going lower and lower..

[unrealistic]

That can be true indeed.

[Brmaster]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

I don't thibk crazy people who is so much to bearwhale again

[porcupine87]

- Who would be crazy enough to send 30K coins to an exchange? After all the countless hacks and losses? No one.

Conclusion: the coins belonged to Bitstamp or some close to Bitstamp.

- Why would anyone sell now, at the low? Bears had all year to sell. They had plenty of opportunity to sell at higher prices. HODLers don't sell -- they just buy "cheap" coins.

There is no reason to sell now, unless you have to. No one "has to" sell 30K coins.

Conclusion: The coins were not sold. The seller bought all or most of the coins.

- If both of the above are true, then why?

Generate excitement / more trading volume / more commissions? Create a bullish setup -- "we just defeated the bearwhale, go bulls!"? Why else?

After declining prices for a year who would risk it and hold such a bunch of coins? I mean: I mean with that kind of money one could make 50-100 grands just out of interest. The Bitcoin price might be at $1 in a year. Maybe at 10 000$. Noone knows.

[negafen]

Thought someone going to claim manbearpig for the latest price correction.

[Jamacn]

- There are a lot of crazy people in bitcoin.
- There is no guarantee that this is the low.

right!
the monent price is falling again.

[unpure]

The selling now is mostly coming from whale. Hard to see how a few small time holders can cause price to fall back this much.