Author

Topic: Million-dollar payday for somebody (Read 2899 times)

legendary
Activity: 3472
Merit: 4801
April 10, 2013, 04:16:39 PM
#16
Quote
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Do only 5000 coins have such an impact on the price...?

Another way to ask the question would be:

Do only 500,000,000,000 Satoshi have such an impact on price?
member
Activity: 183
Merit: 10
April 10, 2013, 04:11:03 PM
#15
Quote
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Do only 5000 coins have such an impact on the price...?
legendary
Activity: 1001
Merit: 1005
legendary
Activity: 2576
Merit: 1087
April 10, 2013, 03:58:25 PM
#13
that guy screw over so many people now there panic selling

Free market is free. Everyone for themselves...

Anyone with resources could have cashed out, and now cashed back in or at later point...

Absolutely right. Why shouldn't they be allowed to sell, they sold into an order book full of people wanting to buy.

The only shame here is that gox couldn't process it fast enough so it dragged on for hours.
sr. member
Activity: 406
Merit: 250
April 10, 2013, 03:47:46 PM
#12
I guess on the plus side, there are a lot of bitcoins spread around to more people now - and it seems we're bouncing back, so far.
hero member
Activity: 728
Merit: 500
April 10, 2013, 03:29:47 PM
#11
that guy screw over so many people now there panic selling

Free market is free. Everyone for themselves...

Anyone with resources could have cashed out, and now cashed back in or at later point...
sr. member
Activity: 323
Merit: 251
hero member
Activity: 490
Merit: 500
... it only gets better...
April 10, 2013, 03:19:52 PM
#9
Wowwzorz!
member
Activity: 75
Merit: 10
April 10, 2013, 03:05:24 PM
#8
that guy screw over so many people now there panic selling

One $%£%$ is all is needed
sr. member
Activity: 570
Merit: 250
April 10, 2013, 02:58:00 PM
#7
I watched a free diving and surfing show today, it's exciting and fun. The price is going to restore in 2 days at the most.
legendary
Activity: 3472
Merit: 4801
April 10, 2013, 02:52:05 PM
#6
I read it was a 60,000BTC trade.
- snip -

Source?
hero member
Activity: 671
Merit: 500
April 10, 2013, 02:36:40 PM
#5
I read it was a 60,000BTC trade.

True story, I woke up this morning and considered selling (it was about 250USD).  Didn't do it.  Don't feel bad at all.


Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Kind of sobering if you consider how many people have stashes with 20k or 30k.
sr. member
Activity: 252
Merit: 250
April 10, 2013, 02:28:56 PM
#4
that guy screw over so many people now there panic selling
newbie
Activity: 43
Merit: 0
April 10, 2013, 02:13:27 PM
#3
Isn't that standard procedure for IPO's? The guys that got to the business in early own most of the shares.
newbie
Activity: 52
Merit: 0
April 10, 2013, 02:10:12 PM
#2
Big day for the banks today   Cry
sr. member
Activity: 338
Merit: 253
April 10, 2013, 02:00:07 PM
#1
Somebody sold off 5,000 + coins this afternoon for around a million dollars driving the price from $260 to $150 $105 in a matter of hours.

Kind of sobering if you consider how many people have stashes with 20k or 30k.
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