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Topic: Is 69k BTC enough to start a crash? (Read 624 times)

sr. member
Activity: 303
Merit: 250
April 10, 2013, 03:37:45 PM
#1
http://blockchain.info/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

Saw this transaction posted in BTC-e trollbox.

I know this is mega-speculation.... but why not discuss? Is 69,000 BTC enough to start a panic sell?

Is there more going on? Panic sell & strategic DDOS? I noticed a lot of popular bitcoin-related sites have struggled during these massive-Gox-volume periods (clark moody, bitcoinity, bitcoincharts, etc.) Or are these sites struggling because everyone with a BTC position is logging on to check out WTF is going on? Snowball effect?

I have also seen the name Gekko around a bit, but haven't looked deeper than seeing the crappy Gekkopost blog.
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