Topic: 25k btc's are about to be dumped on just bitstamp - page 2. (Read 7330 times)

thiefs can use other identity, they are thiefs after all lol

who said they can't play with the market before selling..., there are plenty of bizarre people out there

except that thiefs dont transfer 30k btc to a legal exchange since there'd be a very slim chance to ever get even small part of that money out of exchange without having to disclose your full identity. and thief would never sell all he's stollen because there is no chance to ever wash that amount clean first, so there will be a public trail forever. and thiefs don't bother with playing the market down first, they just sell. and there are lots of OTC ways to sell without bringing your profit down 30%.

other than that, your theory has value... no, not really

some old whale got his btc stolen, and the thief now is dumping

case resolved

You're dreaming. In so many ways.

Anyone around Sunday knows how hard I was working to defeat any negative effects of that wall to the community. I was on all day posting trying to lead the charge against the wall and not have people panic or over react and lose their coins.

I've never sold a coin and don't plan to until maybe 2020.  

Furthermore, if you read the plethora of posts I made you'll see I'm the one calling out Stampfuck and Kodric as to who the seller was.

I tell you what though, as an online poker player who's lived through countless sites going into administration, I'd be pretty cagey with even $10K on some Eastern European server in some guy's basement - let alone $10M. I'd want to be on pretty good personal terms with the owner/s. Like, we party together in his yacht on Croatian beaches together kind of terms.

Bitstamp definitely know who is it, why not ask them 

I think exchanges are still the most dangerous part of the bitcoin system and maybe it will be like that forever. They will practice FRB, create coin out of nothing, and manipulate the price by simply changing their database etc... and there is no regulation so far for those exchanges, maybe never since bitcoin is a decentralized financial system

The best way to avoid such risk is to use P2P exchange like localbitcoins, those platforms can not be manipulated since the trade is done directly between traders. But currently their model is still half-manual and the pricing is quite dependent on other exchanges. If they could successfully establish their own price matching mechanism, that will become the true source of bitcoin exchange rate

While I dislike cypherdoc for his HF shilling and endorsement I don't think he is that stupid to do that. There is simply no logic reason for him to do that.

Nah, he'd have inched the wall up to maximise fiat income, he knows not to waste market pressure.

That wall stayed at $300.00 for 8 hours.

Cypherdog is the guy Dumping the 25k on Bitstamp! I bet 10 BTC it is him. Early adopter has about 100k BTC, been Dumping in bunches of 25k - 30k the last 48 hours.
Believe me ist him. He wants to cash out.

The money that was thrown at that wall was not dumb gambling, it was sure fire profit.

Google "arbitrage".

The arbitrage signiature is plain to see on BTC China, I took advantage a little myself in the latter stages.

Real traders hold no emotional ties to either side of the equation (bitcoin or fiat).

The inevitable rise of bitcoin capital is a fundamental issue (not shared by all granted), but a real trader does not care if we're trending up or down, so long as there's short term movements and you can get on the right side of the majority of them then all is good, plus by actively trading you position yourself well to react to large moves.

dumped? or calmly watched, as it got eaten, as planned (possibly by his friends, who are all part of act). you keep seeing what you want to see because for the last 6 months you have been calling "sell" and have never been wrong. yet.

It's the same people who drove the price down that did this. The message is obvious. Huge dump does not drive the market down, buy while you can because the bottom is in. Or, make people speculate in one direction and then go the opposite way. Either way, nothing about it was coincidental.

wow, early adopter!  nothing like arguing nothing with nothing!

Its just a natural correction, imo.

Since mt gox is gone.

My latest conspiracy theory about the panicked 30k BTC whale is that he's just that: a panicked whale.
But not an early adopter, so where does he have the coins from? A possible answer is that those are
Gox stolen coins, tumbled of course, that the whale saw greatly depreciating over the last weeks.
If the whale is the Gox hacker, I have no idea, he could be a fence that bought them at a massive discount
from the hacker and now panicked after seeing long term support at 340$ broken.
The result is that there are more coins in the market, even if many were now preemptively moved
from Bitstamp, where the bid side looks anemic.

Maybe he was Bill Gates, that just discovered Bitcoins exist and buy some and then sell some. Not really care if made some tiny loss.

Wow apparently you know nothing about ASK walls & why they're created... Keep thinking you know more than a whale who just dumped over $7mil in coins in ONE ORDER! 

my best guess was that it was a non-economic actor trying to suppress the price.  why?

1.  as said before, it was an irrational way to sell.  should've been done surreptitiously in smaller chunks on the way up in price action.
2.  the wall was set below all other exchanges by about 4-4.5%.  why take a loss when he could've just backed the wall up to $311 or so where all the other exchanges were priced?
3.  early adopters are inherently bullish and have lived thru about 4 previous episodes of this.  we never got down far enough for them to be in a red position for the most part in order to panic.
4. all the other early adopter addresses were increasing their positions over the last 6 mo.  why would this guy be any different?
5.  the coordinated trolling we have been beset with here on the forum which has now suspiciously disappeared abruptly for the most part.  their message was incessant and irrational and thus highly suspicious in character.  i could tell these guys had no real idea what they were talking about as not one of their arguments came from a technical level meaning they don't really understand Bitcoin.  early adopters do understand these things for the most part.  
6. an early adopter would not have gone out and hired trolls like that if he were panic selling.  early adopters tend to work alone and are generally smarter than this.  they wouldn't troll the price down.
7.  this is what non-economic actors do to disrupt markets they don't like.  we already know this and the playbook is wide open. they don't go out and build mines to perform 51% attacks.  it's easier to create financial havoc.

I think he lost control of ~15k BTC or so, with a good risk of not being able to buy them back < $300

So what's your best guess as to the cause of that wall?

Me, I'm thinking a very early adopter who recently had a big life change, got married planning kids or something? Thought he'd like his new family to live in style.

I don't see how that would benefit the perpetrator? [4]... Selling on a public exchange, giving capital on a plate to arbitragers?

I'm not trying to be argumentative or know-it-all, I'm just trying to understand what went down.

Are you saying: The whale has enough coin held back that this was a sacrificial move that will give net gains in the future?