Source of 30k+ ask wall on Bitstamp - page 4.

misterbigg

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Activity: 1064

Merit: 1001

Quote from: cypherdoc on October 05, 2014, 12:15:50 PM

Nejc Kodric, if you're listening, your rep is on the line.

I have to say that if this is real, it really shows a lot of confidence in BitStamp. They must be doing something right over there for one person to trust them with ten million dollars worth of coins.

sgbett

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Activity: 2576

Merit: 1087

Quote from: piramida on October 05, 2014, 03:08:12 PM

Quote from: sgbett on October 05, 2014, 02:58:23 PM

Eyeballing the chart looks like about

2.6m - Top 100
4.4m - Top 500

~13.5m Total mined => Just over 50%

No you don't add those up, Top 500 includes Top 100

And I suppose he is interested in a graph of how that percentage has progressed in time, relative to increasing supply.

whoops

piramida

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Activity: 1176

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Borsche

Quote from: sgbett on October 05, 2014, 02:58:23 PM

Eyeballing the chart looks like about

2.6m - Top 100
4.4m - Top 500

~13.5m Total mined => Just over 50%

No you don't add those up, Top 500 includes Top 100

And I suppose he is interested in a graph of how that percentage has progressed in time, relative to increasing supply.

BTCtrader71

hero member

Activity: 784

Merit: 1001

26k sell wall on stamp just now reappeared, at $320

sgbett

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Activity: 2576

Merit: 1087

Quote from: porcupine87 on October 05, 2014, 12:36:48 PM

Quote from: cypherdoc on October 05, 2014, 12:13:48 PM

Quote from: piramida on October 05, 2014, 12:02:56 PM

Quote from: krb91 on October 05, 2014, 11:44:30 AM

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280?

It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

this. we should audit Stamp.

and this says it all. thx inca!:

interesting. Is there a graphic with the percentage of all bitcoins owned by top100/500?

Eyeballing the chart looks like about

2.6m - Top 100
4.4m - Top 500

~13.5m Total mined => Just over 50%

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: DieJohnny on October 05, 2014, 12:49:59 PM

WTF this is counter intuitive to me completely. I would think that the number of addresses that holds a large percentage of Bitcoin would go down not up over time as old holders bail out into fiat......

This can't be good can it?

No it isn't. In 2011 the top 100 had 2Mio. Bitcoins. 40% of all. Today they have 2.5Mio., so 18%. And big addresses are often cold storage of big exchanges. The coins could be owned by a lot of people. On the other hand: If I had 1Mio. eggs I would not store them in one basket.

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: williamevanl on October 05, 2014, 02:07:16 PM

What happened to this wall?

It got pulled like 30-45 minutes after it went up.

williamevanl

sr. member

Activity: 404

Merit: 253

What happened to this wall?

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: ?? on ??

I guess I'm not rich enough because I would feel pretty fucking uncomfortable holding 30k bitcoins worth of Bitstamp IOUs.

Dont worry, they will pay you back in ripple.

Amph

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Activity: 3248

Merit: 1070

fallling is the source

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: teramit on October 05, 2014, 01:09:03 PM

An evil manipulator trying to get cheap coins
if that is true why did he pulled back order ?

Because it did its job which got people to drive the price down lower and keep it low. You do that and let the people panic, get orders to start filling under it,and then that buys you time to set up whatever you need ( like the bot ) and once everything is set, you pull back your wall without much risk.

teramit

legendary

Activity: 1877

Merit: 1396

The Last Cryptocoin Burner

An evil manipulator trying to get cheap coins
if that is true why did he pulled back order ?

ElectricMucus

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Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: cypherdoc on October 05, 2014, 12:13:48 PM

we should audit Stamp.

lol

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Maybe this is the "genius" :

https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=1

Tzupy

legendary

Activity: 2170

Merit: 1094

I tried to figure out what happened, and here is my short conspiracy theory:
Nemesis dumped some 5k BTC, hoping to trigger a death spiral, he said he wants to kill the hardware (ASIC?) vendors.
The market was already in an oversold condition, so it didn't drop much further. But another (large?) whale panicked
and flashed that 30k BTC wall. Anyway, Nemesis said he'll be back with more ammo.

DieJohnny

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Activity: 1639

Merit: 1006

Quote from: cypherdoc on October 05, 2014, 12:13:48 PM

Quote from: piramida on October 05, 2014, 12:02:56 PM

Quote from: krb91 on October 05, 2014, 11:44:30 AM

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280?

It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

this. we should audit Stamp.

and this says it all. thx inca!:

WTF this is counter intuitive to me completely. I would think that the number of addresses that holds a large percentage of Bitcoin would go down not up over time as old holders bail out into fiat......

This can't be good can it?

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: cypherdoc on October 05, 2014, 12:13:48 PM

Quote from: piramida on October 05, 2014, 12:02:56 PM

Quote from: krb91 on October 05, 2014, 11:44:30 AM

It's probably loads of bitcoin holders all shitting themselves about the crash, and trying to sell as fast as possible for whatever they can get.

Yes, they all mentally align in a perfectly orchestrated 30k btc wall. Smoke crack much?

It is someone very close to the exchange owners, that is for sure; noone gives unknowns in slovenia 10mil without being able to hold their balls gently. Motive is also pretty obvious - make a very large investment into BTC. What I am surprised most about is - who the hell is actually selling at $280?

It is possible that these are imaginary bitcoins you are buying there; withdraw all you can, that should scare the crap out of the manipulator.

this. we should audit Stamp.

and this says it all. thx inca!:

interesting. Is there a graphic with the percentage of all bitcoins owned by top100/500?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: BCwinning on October 05, 2014, 12:18:52 PM

shouldn't be holding anyway and be using it as it's intended. a currency.
or is it hodling as the 13 yr old say?

real currencies over the ages have a right to be hodl'd. it's part of the bargain; don't punish savers.

BCwinning

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Activity: 770

Merit: 500

shouldn't be holding anyway and be using it as it's intended. a currency.
or is it hodling as the 13 yr old say?

cypherdoc

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Activity: 1764

Merit: 1002

Nejc Kodric, if you're listening, your rep is on the line.

Topic: Source of 30k+ ask wall on Bitstamp - page 4. (Read 7847 times)