Joe200 (OP)
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October 15, 2014, 01:19:38 PM |
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- 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?
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spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
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October 15, 2014, 04:42:26 PM |
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An IPO you idiots funded with millions in wealth knowing all of those funds would be dumped onto the market at one point...
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Joe200 (OP)
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October 15, 2014, 05:48:00 PM |
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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?
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MrBig
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October 15, 2014, 05:56:56 PM |
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- 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.
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coinableS
Legendary
Offline
Activity: 1442
Merit: 1181
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October 15, 2014, 06:04:26 PM |
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- There are a lot of crazy people in bitcoin. - There is no guarantee that this is the low.
+1
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fewcoins
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October 15, 2014, 09:57:55 PM |
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- 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
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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October 15, 2014, 10:59:48 PM |
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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.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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October 15, 2014, 11:01:44 PM |
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- 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.
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exocytosis
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October 16, 2014, 12:23:25 AM |
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It was Tim Draper.
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WeGotCactus
Newbie
Offline
Activity: 31
Merit: 0
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October 16, 2014, 12:32:02 AM |
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- 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.
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BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
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October 16, 2014, 11:56:38 AM |
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Mr Vitalik is on it's way to buy another lambo. Jakes on you.
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jjacob
Legendary
Offline
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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October 17, 2014, 01:32:58 AM |
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It was Tim Draper.
Ha ha.... He sure didn't get his bitcoins that cheap.
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fewcoins
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October 21, 2014, 06:48:44 PM |
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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...
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Kimowa
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October 22, 2014, 12:03:54 AM |
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- 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..
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unrealistic
Newbie
Offline
Activity: 54
Merit: 0
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October 22, 2014, 06:20:22 AM |
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That can be true indeed.
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Brmaster
Member
Offline
Activity: 69
Merit: 10
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October 22, 2014, 08:33:20 AM |
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- 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
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porcupine87
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October 22, 2014, 09:25:26 AM |
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- 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.
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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negafen
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October 22, 2014, 10:31:28 AM |
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Thought someone going to claim manbearpig for the latest price correction.
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Jamacn
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October 23, 2014, 05:46:00 AM |
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- 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.
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unpure
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October 23, 2014, 10:33:54 AM |
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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.
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