Topic: Butterfly Labs sales 25,000 Bitcoin... WHAT ??? (Read 825 times)
No. It was so obviously PG. Why do you think we haven't seen him around for? This time, he's in it with Dank. Vod should be all over this. I overheard their conversation. Something about banks and Fin. Maybe even Cindy was involved, and, Joey. The perfect squad, there.
http://www.coindesk.com/bitcoin-price-finds-hard-floor-following-26000-btc-sell-order/
O’Brien said that Monday’s unprecedented BTC offer on Bitstamp was most likely a single investor looking to artificially move the price lower and buy back bitcoin later at a reduced price, probably in the low $200 range.
Instead, buyers swarmed the offer. For market participants, the recent volatility has presented a welcome opportunity to make big sums of money trading bitcoin in large volumes, mostly through the practice of arbitrage trading or by taking fees for providing trading enhancements such as BTC Solutions’ leveraged product offering.
O’Brien said that Monday’s unprecedented BTC offer on Bitstamp was most likely a single investor looking to artificially move the price lower and buy back bitcoin later at a reduced price, probably in the low $200 range.
Instead, buyers swarmed the offer. For market participants, the recent volatility has presented a welcome opportunity to make big sums of money trading bitcoin in large volumes, mostly through the practice of arbitrage trading or by taking fees for providing trading enhancements such as BTC Solutions’ leveraged product offering.
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