Anyone who paid attention over the night know what happened to the wall? Did it get pulled or did we buy right through it?
Bought right through the mofo. 
Topic: 10k Sell wall just now (Read 5290 times)
Anyone who paid attention over the night know what happened to the wall? Did it get pulled or did we buy right through it?
In all seriousness it very well might be, because there's little logical reasons to sell that much coins on mtgox right now... On an exchange where you can get your usd maybe, but not on mtgox...
maybe they aren't selling on gox because they know the money is not real
lol
lol
or maybe it is Mark Karpeles himself...
Now only a few cents! That hasn't happened for a while.
what will happen? Exciting !!!
Serious buying @bitstamp, I bet the wall goes down!!!
Now only a few cents! That hasn't happened for a while.
maybe they aren't selling on gox because they know the money is not real
lol
lol
yeah how did this gap close so quickly? did I miss some gox news?
It could be arbitrage between gox and bitstamp to bring them back into alignment. The gap is closing, now only $3-ish difference.
look at bid wall on bitstamp...
Its.. the same as it has been for.. quite awhile?
Alternative hypotheses:
1. He actually wants to buy a certain amount of coins below this price. So, the wall prevents the price form going up and he buys everything that appears under his wall in the orderbook, then lifts the wall when he has enough.
2. Someone found his old wallet with 10k coins, similarly to that Norwegian guy, and decided to cash out immediately. Without checking how best to go about it. Fortunately, he did not click 'sell now'.
3. Gox is gambling with our coins in hopes of solving their probable liquidity problem.
1. He actually wants to buy a certain amount of coins below this price. So, the wall prevents the price form going up and he buys everything that appears under his wall in the orderbook, then lifts the wall when he has enough.
2. Someone found his old wallet with 10k coins, similarly to that Norwegian guy, and decided to cash out immediately. Without checking how best to go about it. Fortunately, he did not click 'sell now'.
3. Gox is gambling with our coins in hopes of solving their probable liquidity problem.
look at bid wall on bitstamp...
and the remaining 6500 he is now showing at 266.9.
All he wants is cashing out at this level. I guess no move upwards until he is done
All he wants is cashing out at this level. I guess no move upwards until he is done
Good game. The trickier part will be to get the USD out of MtGox
He wont get it out of MtGox, so new wall under 260, cool
It's my understanding that the gox order-book shows all currencies, so they may not be trading to USD, but some other currency that he can withdraw.
and the remaining 6500 he is now showing at 266.9.
All he wants is cashing out at this level. I guess no move upwards until he is done
All he wants is cashing out at this level. I guess no move upwards until he is done
Good game. The trickier part will be to get the USD out of MtGox
He wont get it out of MtGox, so new wall under 260, cool
I guess if you have 10,000 BTC now is the best time in the history of BTC to profit. I think it is only going to keep going up with China on board now though so a little patience would be wise perhaps. Maybe this person missed the opportunity in April and was determined to sell the next time it got to $266. If I had 10,000 BTC I might be tempted to sell some too. 
But no such luck unfortunately.
But if this person is thinking of selling now and buying back lower later that might be a little risky. Are we really sure it is going to go down again or are we priming the pump for a massive explosion? I think we have just skimmed the surface of what is in store. I am bullish though.
But no such luck unfortunately.But if this person is thinking of selling now and buying back lower later that might be a little risky. Are we really sure it is going to go down again or are we priming the pump for a massive explosion? I think we have just skimmed the surface of what is in store. I am bullish though.
pull... put back... make staircases.... then all in one bid again.
It must be a woman.
Make up your mind will ya?!
It must be a woman.
Make up your mind will ya?!
and the remaining 6500 he is now showing at 266.9.
All he wants is cashing out at this level. I guess no move upwards until he is done
All he wants is cashing out at this level. I guess no move upwards until he is done
He managed to sell 3.5k out of the 10k, but he may be running out of time.
Why? The longest time will be waiting for the Gox dollars anyway.
But I agree that he probably sold ~3.5k of his 10k stash already (and he is also kinda nuts with his wall orders, it's funny to watch).
He managed to sell 3.5k out of the 10k, but he may be running out of time.
I think whoever is doing that wall-planting game of placing a wall and removing it once the first buys reach it, just "lost" 1k of his 10k stash (they got bought instantly).
Jump to: