Topic: I SAW 21000 BTC SELL WALL TODAYT (Read 3836 times)

Typical P&D or small rally. Will be bigger and bigger we will see spikes like these and eventually consolidate on a solid ass rally.

Probably some crazy early adopter wanted to mantain the price at 300 to avoid a big decrease.

i saw these wall haha, Maybe i have a screeshot on my phone

whale ?maybe the exchange's robot

i think that guy that sol 21k did a big mistake

probobly in future i hope to see a price pump!!

volume is scary

it could explain the last dump, but i think we will recover quickly, maybe christmas and steam sales are forcing some dumping

they should give bitcoin for christmas to their kid

Some investors need to cover their losses elsewhere so they have to sell whatever they can to cover.

Think about it, perhaps this person or group bought Bitcoins at $100... so to them $300 is a huge profit taking.

It's over 9000!
No just kidding. If some1 actually puts up a 21k wall he really does care about the price dropping atm.

Wow, I don't get why people want to put sell wall at 300 when all the other exchange is at $330. He can easily sell in a few small transaction and earn about 10% more...

wooooo

This is a screenshot of the chart from that day, for those who missed it.
https://i.imgur.com/7wtNIVI.png

if thats the case is just awesome, btw, How do you know it was legit eaten?

This can be only a mistake, but a real huge mistake lol

That's not so logical to sell at $300, when he had that chance to sell at $330. It means $630,000 loss, maybe he planned to sell at $300 and buy back from $250 who knows...

I am buying still. It is perfect time. Is cheap, almost nobody trusts suddenly. Great times. But I am not experienced trader from cc market [but I am former sportsbetting trader]. Regular people are defined as regular because they follow the stream. Because someone now is notbuying BTC it makes him regular (and long term loser).

I dont think so, he could have just waited and sold for more, or split it up and made more money but for him it was probably already so profitable. imagine buying at 30$ and selling at 300$... that's 1000% profit

Just the usual whale scare tactics.

The guy that sold at 300 was by no means stupid, that was an exit. He was not trying to bring the price down. he just wanted out. He either was an early adopter or early miner, or bought those coins for dirt cheap and 300 was a good exit point for him.

Buyers are only high experienced traders. None of the regular people will think to buy Bitcoin today. They will come buy after Bitcoin goes over 1000 UDS.

Maybe its exchanges trying to take this opportunity to increase their reserve.

I've been watching the market, and I *think* I'm seeing a pattern.

I could be wrong about this.  But the market response to price changes in Bitcoin has been "off" of normal patterns for several months. 

When the price of Bitcoin is lower, substantially more of it changes hands daily.  This is a normal pattern in itself, but for the last few months, the market's volume response to prices is MUCH steeper than it had been previously -- in fact steeper than makes any sense according to my understanding of the market.   

In practice, it looks like there is a lot of money out there waiting to buy Bitcoin, but it's in absolutely no hurry, absolutely not worried that the price might go up before it gets to buy as much as it wants, and calmly waiting for the price to go lower. 

And indeed, when the price goes even a little higher than its recent averages we see the volume of sales drop like a rock.  The scarcity of trades on price upswings is just as pronounced as the huge volume on the downswing that the so-called 'bear whale' brought out.  In fact the 'bear whale' nailed the pattern:  price declined by ~$30 US, volume more than tripled.

The thing is, for this behavior to be rational, some HUGE investors (who want to be long in Bitcoin, in the long run) have got to be utterly, completely confident that the market price will NOT recover before they damn well want it to.  Whoever it is - or whatever coalition of people it is - that has this money appears to be absolutely certain that nobody ELSE with money will set off a bull market before they have as much bitcoin as they want.

I think there is a good chance he was trading with himself, at least partially. The percentage of buy orders was simply too high, and at a time when people were not buying in those quantities to have the sell wall eatten as quickly as it was and without the price decline that I would have expected to have seen. Also the price rose substantially (10+ percent) in the few days after the bear whale sold his 30k+ bitcoin which is the opposite of what would normally be expected

In the other thread we mentioned this sell wall already.

It was fully filled and most likely an old adopter.

This kind of man ruins bitcoin and himself. Hoping the people who bought his BTC are Holders if yes... BTC will go up even more!

I just cant wait for the moment when 1 huobi whale market buys with $1 million and panic sellers get so screwed over. that will be a sad day for the panic sellers, they'll recognize they've been manipulated

Lol..  I see that. 

There were massive number of buy orders on the bitstamp ticker that were eating up the bear whale. If you were watching the ticker almost all of the orders were green (buy orders at the asking price)

another whale sayin fuk bitcoin lol.

How do you know it was legit eaten? It could be the owner of the wall slowly removing quantities to make it look as if it's getting eaten. Did you actually check the transactions being actual buys??

that really good profit for an exchange site we guys can't even make 1btc in months lol

or 500k BTC

A lot of people often made mistake
But, this mistake is too huge 

The exchanger have big profit 
If they set the fee 0.2%, they got 42 BTC when he/she sell it & 42 BTC when he/she buy it again


Because they use bitcoin to get more fiat 

if this was really the case then it would be very difficult bitcoin prices to rise rapidly, although the rise, will rise at least a little by little, I hope that it does not really happen, hopefully ... 

I believe it was actually a 30k sell wall but that it not the point. I was very surprised as to how quickly the sell wall was eaten up. I would speculate that the person behind the sell wall was hoping to be able to manipulate the price to fall and then would use fiat already in another account to purchase large amounts of bitcoin at an artificially lower price. I think there were just too many buy orders that ate up the wall for it to not have been some kind of manipulation

Maybe he have 100k btc, 21k is only merely part of the profit..

Just checked their wallet, there are still over 20k btc waiting to be cash out.

I don't get why people fund these guys...  If they are just going ot dump F them...

Honestly if they are just going to make an alt instead of building on BTC.. F them.

Ethereum wallet was moved again on Oct 4th, expect another 1000+ btc dump on the market soon.

maybe its not a whale who sell that
i think miner sell it for electricity bill , well maybe they dont want to sell it.
but they need money to cover all their daily bill

How sure are you that there was really a 21k btc sell wall earlier? Can you give us proofs or the likes?


If that ever happened, I think it's just a whale trying to get some attention. He can pull out his sell wall if he wants to. Maybe the sell wall isn't eaten THAT FAST because imagine that amount of money you need to have in order to 'eat' that sell wall.

Oh whales, how I hate thee. :3

there is was 21k btc sell wall at 300 usd
it was eaten all of it
completely gone the sell wall non of it left. it was at 300 usd
now its is all gone and the price is higher. so it means the guy that sold it is sad. why did he sell in the first place how is he going to buy back 21k btc now . if i had 21k btc i would have treated tehm better than he did. life is not fair.
i want to mkae 21k btc and treat them bttr give me them