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Topic: $250,000 on the Bid (Read 2515 times)

BTCurious
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Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
$250,000 on the Bid
November 13, 2011, 10:26:37 PM
#27
Quote from: dree12 on November 13, 2011, 10:24:42 PM
Where is Mt.Gox? These two walls can earn them some good cash!

Buy the entire ask, and then sell into the bid. Since you earn commission, free money!
Lol! Genius!
dree12
legendary
Activity: 1246
Merit: 1077
Re: $250,000 on the Bid
November 13, 2011, 10:24:42 PM
#26
Quote from: RyNinDaCleM on November 13, 2011, 10:23:25 PM
Quote from: BTCurious on November 13, 2011, 10:20:12 PM
This is interesting. Also, I hope I'm guessing right with my money Tongue

Me too!

This event could cause a lot of win or loss. Only time will tell.
Where is Mt.Gox? These two walls can earn them some good cash!

Buy the entire ask, and then sell into the bid. Since you earn commission, free money!
RyNinDaCleM
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
Re: $250,000 on the Bid
November 13, 2011, 10:23:25 PM
#25
Quote from: BTCurious on November 13, 2011, 10:20:12 PM
This is interesting. Also, I hope I'm guessing right with my money Tongue

Me too!

This event could cause a lot of win or loss. Only time will tell.
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: $250,000 on the Bid
November 13, 2011, 10:20:12 PM
#24
This is interesting. Also, I hope I'm guessing right with my money Tongue
dree12
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Activity: 1246
Merit: 1077
Re: $250,000 on the Bid
November 13, 2011, 10:19:40 PM
#23
Quote from: proudhon on November 13, 2011, 10:18:20 PM
Quote from: greyhawk on November 13, 2011, 10:15:38 PM
Quote from: proudhon on November 13, 2011, 10:12:51 PM
Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.

I believe the strategy is something like this.  March a bunch cash out in the hope that other people put bids in front of your giant bids (because they'll feel more confident).  When the bids build up enough, sell into the bids in front of your bids, then drop your giant bid and watch the market panic.  Then buy back at a lower price.  Repeat.
In effect, this "person" is providing liquidity. Rejoice!
Edit: But why would he drop it to $2.5 first? Also, the positioning of his two walls stands to make him lose a lot of money...
proudhon
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Activity: 2198
Merit: 1311
Re: $250,000 on the Bid
November 13, 2011, 10:18:20 PM
#22
Quote from: greyhawk on November 13, 2011, 10:15:38 PM
Quote from: proudhon on November 13, 2011, 10:12:51 PM
Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.

I believe the strategy is something like this.  March a bunch cash out in the hope that other people put bids in front of your giant bids (because they'll feel more confident).  When the bids build up enough, sell into the bids in front of your bids, then drop your giant bid and watch the market panic.  Then buy back at a lower price.  Repeat.
dree12
legendary
Activity: 1246
Merit: 1077
Re: $250,000 on the Bid
November 13, 2011, 10:16:20 PM
#21
Quote from: greyhawk on November 13, 2011, 10:15:38 PM
Quote from: proudhon on November 13, 2011, 10:12:51 PM
Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.
Looks temporary. Bear seems to be in trouble - too afraid to sell?
Edit: wow, I was wrong again. Back down to $2.50. I underestimated Mr. Bear's money.
greyhawk
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Activity: 952
Merit: 1009
Re: $250,000 on the Bid
November 13, 2011, 10:15:38 PM
#20
Quote from: proudhon on November 13, 2011, 10:12:51 PM
Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.
notme
legendary
Activity: 1904
Merit: 1002
Re: $250,000 on the Bid
November 13, 2011, 10:14:28 PM
#19
Quote from: Etlase2 on November 13, 2011, 10:04:50 PM
The point is, it's the same person that has both cash and BTC massive depth. You guys are getting schooled.

Let's hope so... That's what I'm here for.
dree12
legendary
Activity: 1246
Merit: 1077
Re: $250,000 on the Bid
November 13, 2011, 10:14:14 PM
#18
Quote from: BTCurious on November 13, 2011, 10:09:58 PM
Dropped half again.

Two thirds.

EDIT: No wait, half now.

Going up again.

lol.

Wall creeping to 2.70 now.
This manipulator is so much better than the downward manipulator - don't sell unlimited, rather buy limited.
RyNinDaCleM
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
Re: $250,000 on the Bid
November 13, 2011, 10:13:33 PM
#17
The walls are being inched up! Take one off the top, put it on the  bottom.
proudhon
legendary
Activity: 2198
Merit: 1311
Re: $250,000 on the Bid
November 13, 2011, 10:12:51 PM
#16
Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: $250,000 on the Bid
November 13, 2011, 10:12:47 PM
#15
This graph is a mess.

Vandroiy
legendary
Activity: 1036
Merit: 1002
Re: $250,000 on the Bid
November 13, 2011, 10:12:29 PM
#14
You all act as if that kind of money is something new in Bitcoin. Anybody who rode the bubble can have that much now.

Think about it. Selling 10k at 30 gives 300k USD. Not so absurd an idea to buy back now, for example.

Anyways, orders are never really fake. Anyone can take them, so the person can probably live with it if that happens.
greyhawk
hero member
Activity: 952
Merit: 1009
Re: $250,000 on the Bid
November 13, 2011, 10:12:14 PM
#13
This is beginning to make me dizzy.
BTCurious
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Re: $250,000 on the Bid
November 13, 2011, 10:09:58 PM
#12
Dropped half again.

Two thirds.

EDIT: No wait, half now.

Going up again.

lol.

Wall creeping to 2.70 now.
GoWest
hero member
Activity: 563
Merit: 501
betwithbtc.com
Re: $250,000 on the Bid
November 13, 2011, 10:08:19 PM
#11
Greater than $260,000 now.
Etlase2
hero member
Activity: 798
Merit: 1000
Re: $250,000 on the Bid
November 13, 2011, 10:04:50 PM
#10
The point is, it's the same person that has both cash and BTC massive depth. You guys are getting schooled.
dree12
legendary
Activity: 1246
Merit: 1077
Re: $250,000 on the Bid
November 13, 2011, 10:04:37 PM
#9
Quote from: GoWest on November 13, 2011, 10:03:54 PM
Quote from: Etlase2 on November 13, 2011, 10:03:02 PM
Quote from: Etlase2 on November 13, 2011, 09:58:52 PM
What does A care if he paid $3 in electricity for those 50k coins? Why not use occam's razor and instead of assuming someone is stupid enough to put 100-200k into this market, that the only people with this kind of depth got it from the early adoption of bitcoin. For crying out loud, 50k coins were put on ask then immediately moved to bid in a span of a second. Misclick?

How do you put coins on the bid, exactly?
I place a bid for 5000 BTC. Offering 4900 BTC.
GoWest
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Activity: 563
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betwithbtc.com
Re: $250,000 on the Bid
November 13, 2011, 10:03:54 PM
#8
Quote from: Etlase2 on November 13, 2011, 10:03:02 PM
Quote from: Etlase2 on November 13, 2011, 09:58:52 PM
What does A care if he paid $3 in electricity for those 50k coins? Why not use occam's razor and instead of assuming someone is stupid enough to put 100-200k into this market, that the only people with this kind of depth got it from the early adoption of bitcoin. For crying out loud, 50k coins were put on ask then immediately moved to bid in a span of a second. Misclick?

How do you put coins on the bid, exactly?
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