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Topic: Someone just took a gigantic dump. - page 8. (Read 14797 times)

legendary
Activity: 1246
Merit: 1077
November 13, 2011, 09:49:37 PM
#60
One thing is for sure.  Whatever happens, whoever is involved, there is only one guaranteed winner: MtGox.  They must be loving the volume.

Wall comes up, wall comes down, rinse repeat.  If whoever is responsible is reading this forum, I'd just like to say I'm enjoying the show.
Unless all this money is fake and from a Mt.Gox hack, of course.
legendary
Activity: 1692
Merit: 1018
November 13, 2011, 09:49:09 PM
#59
One thing is for sure.  Whatever happens, whoever is involved, there is only one guaranteed winner: MtGox.  They must be loving the volume.

Wall comes up, wall comes down, rinse repeat.  If whoever is responsible is reading this forum, I'd just like to say I'm enjoying the show.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 13, 2011, 09:49:05 PM
#58
I'm so confused! :/
hero member
Activity: 699
Merit: 500
Your Minion
November 13, 2011, 09:48:39 PM
#57
And bam, he pulls out at 6:45PM PST.  Where is he gonna get back in?

2.5 again Roll Eyes
legendary
Activity: 1246
Merit: 1077
November 13, 2011, 09:48:23 PM
#56
And bam, he pulls out at 6:45PM PST.  Where is he gonna get back in?
Whoa, just saw some mtgox-live kung fu. Bidwall, Askwall, and bidwall again!

Edit: you know, someone is losing a gigantic amount of money from this...
hero member
Activity: 630
Merit: 500
November 13, 2011, 09:47:21 PM
#55
And bam, he pulls out at 6:45PM PST.  Where is he gonna get back in?

Edit: back in with 45,000 BTC @ $2.50....this is fun!
hero member
Activity: 952
Merit: 1009
November 13, 2011, 09:47:18 PM
#54
Aaaaand it's crashing to 2,50

EDIT: Broken through, all walls gone.
legendary
Activity: 1246
Merit: 1077
November 13, 2011, 09:44:45 PM
#53
It's one person. On bitcoincharts you can see the exact volume of bids and it stands at exactly 25000 coins for 2,60.

These round number don't happen if more than one person is involved.

EDIT: And now someone bought right through that.
One person holding the price up, yes. One person dropping it down, maybe. But I think it's likely that it's the same person on both sides - some hacker probably trying to play with unwithdrawlable funds, maybe?
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 13, 2011, 09:44:23 PM
#52
90k by $2.50!
hero member
Activity: 952
Merit: 1009
November 13, 2011, 09:41:17 PM
#51
It's one person. On bitcoincharts you can see the exact volume of bids and it stands at exactly 25000 coins for 2,60.

These round number don't happen if more than one person is involved.

EDIT: And now someone bought right through that.
legendary
Activity: 1036
Merit: 1002
November 13, 2011, 09:40:03 PM
#50
Nobody who owns a large amount of bitcoin will try to trigger panic selling. It isn't even profitable to do this if you are shorting on bitcoinica. The conclusion is that there is likely way more than one person selling, or there really is a team of Manipulators.

I mean a try to sell all, trigger panic, buy back lower.

Well, it's not that likely. But the orders not matching for a while at 2.5 have no other explanation really than being by the same person.

It's strange, why does someone want to hammer such huge volume through so fast? If the market makers introduce any sort of friction, this might result in huge losses for the seller.
legendary
Activity: 1692
Merit: 1018
November 13, 2011, 09:39:40 PM
#49
Two trades of 5000 BTC for $2.60 and that 2.60 'wall' comes crashing down.  It's beautiful to watch.  Someone is putting on quite a show.
sr. member
Activity: 336
Merit: 250
November 13, 2011, 09:39:30 PM
#48
That 25,000 bid at 2.6 just got eaten alive!
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
November 13, 2011, 09:37:01 PM
#47
this looks really strange right now...



I don't really believe this is one person, I mean it makes sense to sell them and by them back later, however I don't think the market would accept a drop this fast. I mean what he's gonna do buy his own coins?  Cheesy
hero member
Activity: 952
Merit: 1009
November 13, 2011, 09:36:21 PM
#46
Now he dropped in another 25000 at 2,60. Someone's getting desperate
sr. member
Activity: 336
Merit: 250
November 13, 2011, 09:35:29 PM
#45
It's jumped to 2.6 now - 25,000 btc bid.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
November 13, 2011, 09:34:16 PM
#44

The other option I hadn't considered is a rich guy's Mt.Gox account was hacked, but the hacker couldn't withdraw all the coins at once so instead tried to ignite panic selling and buy cheap bitcoins.

I hope this isn't the case! I've been waiting for <2.75 for days. Picking up chump change at 3 just to keep my volume discount was killing me.
sr. member
Activity: 336
Merit: 250
November 13, 2011, 09:33:53 PM
#43
A couple minutes ago I watched the 50,000 BTC bid wall move from 2.50 to 2.55 all at once.  It's definitely just one person.

Yep, saw that too. I think your conclusions are correct.
hero member
Activity: 952
Merit: 1009
November 13, 2011, 09:33:48 PM
#42
I bet it's Satoshi.  Cheesy
hero member
Activity: 630
Merit: 500
November 13, 2011, 09:31:05 PM
#41
A couple minutes ago I watched the 50,000 BTC bid wall move from 2.50 to 2.55 all at once.  It's definitely just one person.
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