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Topic: HUGE market sell order happening right now.. (Read 1159 times)

sr. member
Activity: 476
Merit: 250
Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm
November 20, 2013, 12:17:40 AM
#12
Theory: Someone with lotsa bitcoins wants to see sustained strong growth rather than short-term wild swings and has decided to push the price back down to $500.  Their purpose could be to increase the probability of eventual adoption. 

It isn't a smart way of doing it. Looks like it spooked the market.

Won't matter in the long term.
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
November 20, 2013, 12:15:14 AM
#11
Theory: Someone with lotsa bitcoins wants to see sustained strong growth rather than short-term wild swings and has decided to push the price back down to $500.  Their purpose could be to increase the probability of eventual adoption. 

It isn't a smart way of doing it. Looks like it spooked the market.
sr. member
Activity: 263
Merit: 250
November 20, 2013, 12:12:26 AM
#10
Theory: Someone with lotsa bitcoins wants to see sustained strong growth rather than short-term wild swings and has decided to push the price back down to $500.  Their purpose could be to increase the probability of eventual adoption. 
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
November 20, 2013, 12:07:04 AM
#9
It's all looking a bit weird now...
member
Activity: 84
Merit: 10
November 20, 2013, 12:03:04 AM
#8
Just went to 550 then back down to 503 come on guys buy bitcoin
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
November 19, 2013, 11:57:45 PM
#7
Satoshi awakens!
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
November 19, 2013, 11:54:09 PM
#6
it's awesome to watch.

Lag at over 10 mins right now.
sr. member
Activity: 308
Merit: 250
Jack of oh so many trades.
November 19, 2013, 11:51:24 PM
#5
It's happening again. Clark Moody's site is still streaming all the trades, it looks to be 10-15 minutes behind (Gox lag, maybe)
hero member
Activity: 499
Merit: 500
November 19, 2013, 11:50:05 PM
#4
Always fascinating to watch in (near-)real-time.
donator
Activity: 1218
Merit: 1079
Gerald Davis
November 19, 2013, 11:47:56 PM
#3
wow it temporarily pushed gox below other exchanges
hero member
Activity: 709
Merit: 500
Gridcoin Foundation
November 19, 2013, 11:45:18 PM
#2
30000 BTC sold within minutes...
full member
Activity: 173
Merit: 100
November 19, 2013, 11:31:01 PM
#1
Anyone watching this?  Just dropped frm 580 to 500 (gox) in a few minutes

edit:  sorry, wrong subforum
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