Source of 30k+ ask wall on Bitstamp - page 2.

FUR11

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FURring bitcoin up since 1762

Quote from: hyphymikey on October 06, 2014, 09:06:40 AM

https://twitter.com/barrysilbert/status/519120987334651905

@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales

Interesting. So this is only US-wise in that case? I don't know if this really is a factor. But it could be, of course. It wouldn't apply to the Chinese mining farms, liquidating their profits, though! I wonder if we ever see a definitive answer to these questions!

hyphymikey

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https://twitter.com/barrysilbert/status/519120987334651905

@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales

elux

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It starts a little slow, but the finale is amazing: http://youtu.be/-uX_bB_4VJk?t=4m

serenitys

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Be Here Now

That video was awesome to watch. +1 for the sound track too.

Apparently I fell asleep about 20 minutes before it got lovely. Figures Grin

redsn0w

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#Free market

Quote from: elux on October 06, 2014, 08:55:44 AM

Quote from: redsn0w on October 06, 2014, 08:54:21 AM

The 30k btc wall was deleted , so nobody know what is the answer at your question Wink

.

NOPE! False, it was eaten. The whale was slain at $300.

See for yourself: https://www.youtube.com/watch?v=-uX_bB_4VJk

~~Oh amazing , so all the wall of 30k was sold ? I think no~~ .However thanks for the video.

serenitys

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Right - I was responding to the one above me, pointing out the logic fail in that scenario. ;-)

elux

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Quote from: redsn0w on October 06, 2014, 08:54:21 AM

The 30k btc wall was deleted , so nobody know what is the answer at your question Wink

.

NOPE! The 30k wall was eaten in full. The whale was slain at $300.

See for yourself: https://www.youtube.com/watch?v=-uX_bB_4VJk

redsn0w

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#Free market

Quote from: serenitys on October 06, 2014, 08:53:09 AM

So he/she deliberately devalues his own coin to buy in cheaper?

The 30k btc wall was deleted , so nobody know what is the answer at your question Wink

.

serenitys

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Be Here Now

So he/she deliberately devalues his own coin to buy in cheaper?

FUR11

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FURring bitcoin up since 1762

Quote from: cypherdoc on October 06, 2014, 08:35:46 AM

Quote from: fewcoins on October 06, 2014, 08:11:29 AM

Quote from: JimboToronto on October 06, 2014, 04:16:30 AM

Quote from: testerman on October 06, 2014, 03:03:04 AM

and a big whale had eaten another big big big whale, as always..

Um no actually he removed the order... It will come back again when China time hits Cry

Nice try. Look at the charts. He got swallowed.

Has anyone considered the possibility that someone just bought their own coins on Stamp? I mean, yeah you'd have to spend quite some amount of fees, but the effect on the market could be in a way to achieve something bigger.

cypherdoc

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Quote from: fewcoins on October 06, 2014, 08:11:29 AM

Quote from: JimboToronto on October 06, 2014, 04:16:30 AM

Quote from: testerman on October 06, 2014, 03:03:04 AM

and a big whale had eaten another big big big whale, as always..

Um no actually he removed the order... It will come back again when China time hits Cry

Nice try. Look at the charts. He got swallowed.

spazzdla

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Greedy not evil manipulator.

fewcoins

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Quote from: JimboToronto on October 06, 2014, 04:16:30 AM

Quote from: testerman on October 06, 2014, 03:03:04 AM

and a big whale had eaten another big big big whale, as always..

Um no actually he removed the order... It will come back again when China time hits Cry

FUR11

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FURring bitcoin up since 1762

I really don't know what to believe. I think it could be some big mining company cutting their losses and selling the coins now, when the upswing from the breakdown to the $270s occurred, effectively letting everyone running into their asks.

williamj2543

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Get ready for PrimeDice Sig Campaign!

Guess we are up to 325 usd. Are these price swings because of this big whale?

redsn0w

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#Free market

Quote from: drakoin on October 06, 2014, 01:30:39 AM

I followed 38,094 btc upstream, which were moved yesterday evening

Quote from: redsn0w on October 05, 2014, 12:57:32 PM

Maybe this is the "genius" :
https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1

Might be, or might not be related ...:

38,094 btc https://blockchain.info/de/address/1JX5hS3HyVT3VwnEgvoPLVu6ujPFH7BvrY
<-- 40,304 btc https://blockchain.info/de/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq
<-- -- 35,327 btc https://blockchain.info/de/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

And that last address 19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w has been accumulating 900-2000 btc portions between August and October 2012.

Anyone can interprete those quite regular, and similiarly sized transactions (from always 4-6 source addresses) ?

BTW, back then, the price was ~25 times lower than his 300$
http://bitcoincharts.com/charts/mtgoxUSD#rg2zig2-hourzczsg2012-08-21zeg2012-10-07ztgOzm1g10zm2g25

I don't know .. but this is ( 100%) an early adopter Wink

....

JimboToronto

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You're never too old to think young.

Quote from: testerman on October 06, 2014, 03:03:04 AM

and a big whale had eaten another big big big whale, as always..

Asrael999

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Quote from: krb91 on October 06, 2014, 04:00:48 AM

Two and a half hours ago I think there were like 12.5 k left to sell. All 12.5 k were sold in those two and a half hours?

[Edit]

I just looked at a chart and there is a massive 12.5 k candle about two hours ago! So another whale brought them off the whale selling?

no - lots of buy orders in a very quick time period - there were some large 2000 coin trades , but also a lot of 0.1 - 10 sizes

Re the poll we need a NONE OF THE ABOVE option.

Wouldn't be surprised if whale bought his own coins (or most of them) in attempt to spark a buying frenzy.

krb91

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Streamies Rocks!!!!

Two and a half hours ago I think there were like 12.5 k left to sell. All 12.5 k were sold in those two and a half hours?

[Edit]

I just looked at a chart and there is a massive 12.5 k candle about two hours ago! So another whale brought them off the whale selling?

krb91

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Streamies Rocks!!!!

Quote from: tabnloz on October 06, 2014, 02:11:30 AM

Wall down.......

off we go....

Did the whale remove the wall with coins still unsold, or were they all sold?

Topic: Source of 30k+ ask wall on Bitstamp - page 2. (Read 7847 times)