Doesn't look like 300 will hold on stamp
So before I go to sleep.
What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?
Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?
Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.
Theories?
Well, it's clearly not the best way to sell to maximize profit.
On the other hand, could be somebody just wants to take their $9 million and live the rest of their life on an island. That is plenty, I would think.
The thing that makes me think it's unlikely that somebody is just cashing out? They would have started with about $360,000 when they bought in. My guess is that most people who would have $360,000 liquid enough to put into BTC would either not need to run with the $9mm right now, or at least they would be savvy enough to avoid selling in a way that is so sub-optimal.
It's really hard to imagine the rationale, unless it's the reverse Willy bot
http://bitcoinpricelive.com/chinese-bitcoins-crash-market/
