First of all, that wasn't 1 person and if it was they are idiots.
You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.
So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.
This has always been the case, a few mid-sized big whales dumping and trying to cause panic to buy back lower. It was very successful with goxlag and ddos before. But with slim ask side,its having less effect. Although here,due to big run up,it did cause big distortion in price. Like i said it will be back up in no time as there is no ask filling in.
What a prophet, no one else saw that coming.
Of course its going back up, just like SR, and just like... eh, what was the other panic over? Oh yeah, debt ceiling.
10k of sells gets counteracted by a 100BTC buy, then people stop selling. Then the bidwalls pop up, and the price goes right back up. Same thing every time. Gox lag is a thing of the past. If someone wants to panic to re-buy, they need more coins than this. And thats why this is not manipulation but rather someone offloading, and others panicking because of low depth causing huge slippage.
Whether or not someone else sells later? Who knows.
Did Btc-China "crash" first or Gox?
Gox led 100%.
Look at your right, there is no ask filling in, it will slice back again in the 225 in a few hours. This is just an attempt to cause panic and buy back lower.
Sounds like nonsense. There has been no depth on either end for awhile. People panic.
Not everything is some manipulator.
crashing is the best way to really see how good support is, i see strong support. good chance we rally higher tomorrow.
i'm going to lol very hard if my bid is filled when i wake up tomorrow
Dont confuse irrational behavior as support.
