Wall Observer - MtGoxUSD wall movement tracker - page 1145.

proudhon

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Quote from: SkRRJyTC on July 21, 2012, 01:48:50 PM

Quote from: proudhon on July 21, 2012, 01:48:01 PM

It's hard to say what exactly is going on here, but it sort of looks like there's a fight going on between one person who tried to induce panic selling and another person who tried to induce panic buying.

You mean the market has multiple participants... Im shocked Shocked

Yeah, I'm beginning to suspect there's at least one more participant besides pirate.

ineededausername

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bitcoin hundred-aire

Quote from: proudhon on July 21, 2012, 01:48:01 PM

It's hard to say what exactly is going on here, but it sort of looks like there's a fight going on between one person who tried to induce panic selling and another person who tried to induce panic buying.

I really should bring out that "charge" picture again...

SkRRJyTC

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Activity: 1008

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Quote from: proudhon on July 21, 2012, 01:48:01 PM

It's hard to say what exactly is going on here, but it sort of looks like there's a fight going on between one person who tried to induce panic selling and another person who tried to induce panic buying.

You mean the market has multiple participants... Im shocked Shocked

proudhon

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Activity: 2198

Merit: 1311

It's hard to say what exactly is going on here, but it sort of looks like there's a fight going on between one person who tried to induce panic selling and another person who tried to induce panic buying.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: ?? on ??

smilie patrol

^ butt hurt patrol Grin

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: notme on July 21, 2012, 12:40:46 PM

You guys are retarded to assume pirate is the only player. You're also way off topic. There are already enough pirate FUD threads, can we keep this one for screenshots, or am I just going to have to give up on this subforum?

If I'm retarded then you must be retarded^21,000,000

Grin

cloon

sr. member

Activity: 387

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how stupid do you have to be to give someone like pirate money?
too stupid to trade by yourself?

these dumps dont have to be made by him...
i predict that he will fail hard, then run with the coins

notme

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You guys are retarded to assume pirate is the only player. You're also way off topic. There are already enough pirate FUD threads, can we keep this one for screenshots, or am I just going to have to give up on this subforum?

sadpandatech

hero member

Activity: 504

Merit: 500

Quote from: smoothie on July 21, 2012, 12:21:43 PM

Quote from: Spekulatius on July 21, 2012, 12:18:02 PM

Quote from: sadpandatech on July 21, 2012, 12:06:12 PM

Quote from: Spekulatius on July 21, 2012, 11:31:29 AM

I think I made a mistake, but I cant find it. Huh

Pirate (or whoever) sold low and bought high, so he must have lost money,

BUT, I wrote:

Quote

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

Lets only look at the 44k BTC mentioned. They were sold for ~450,000 USD.
Then those 450,000 USD were reinvested in buying 48622.36629 BTC! at around 9,255 USD/BTC. That is a 4622.36629 BTC profit.
How can this be? What am I overlooking here Huh

your 450,000 USD would have put the 44kBTC sell at $10 per. that's where your math error is. 44k BTC bought at average 8.3 would have acquired them only 365,200 USD

You guys are right, thank you! I have edited my post.
The total losses from those trades described, based on a 44k BTC investment amount to ~4500 BTC.

someone has too much money on their hands lol....or they are just retarded at trading.

The likely sceanrio is that it is not the same person. There have been a few people lately on Gox and another exchange that have loaded large sums of USD to buy BTC with.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Spekulatius on July 21, 2012, 12:18:02 PM

Quote from: sadpandatech on July 21, 2012, 12:06:12 PM

Quote from: Spekulatius on July 21, 2012, 11:31:29 AM

I think I made a mistake, but I cant find it. Huh

Pirate (or whoever) sold low and bought high, so he must have lost money,

BUT, I wrote:

Quote

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

Lets only look at the 44k BTC mentioned. They were sold for ~450,000 USD.
Then those 450,000 USD were reinvested in buying 48622.36629 BTC! at around 9,255 USD/BTC. That is a 4622.36629 BTC profit.
How can this be? What am I overlooking here Huh

your 450,000 USD would have put the 44kBTC sell at $10 per. that's where your math error is. 44k BTC bought at average 8.3 would have acquired them only 365,200 USD

You guys are right, thank you! I have edited my post.
The total losses from those trades described, based on a 44k BTC investment amount to ~4500 BTC.

someone has too much money on their hands lol....or they are just retarded at trading.

Spekulatius

legendary

Activity: 1022

Merit: 1000

Quote from: sadpandatech on July 21, 2012, 12:06:12 PM

Quote from: Spekulatius on July 21, 2012, 11:31:29 AM

I think I made a mistake, but I cant find it. Huh

Pirate (or whoever) sold low and bought high, so he must have lost money,

BUT, I wrote:

Quote

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

Lets only look at the 44k BTC mentioned. They were sold for ~450,000 USD.
Then those 450,000 USD were reinvested in buying 48622.36629 BTC! at around 9,255 USD/BTC. That is a 4622.36629 BTC profit.
How can this be? What am I overlooking here Huh

your 450,000 USD would have put the 44kBTC sell at $10 per. that's where your math error is. 44k BTC bought at average 8.3 would have acquired them only 365,200 USD

You guys are right, thank you! I have edited my post.
The total losses from those trades described, based on a 44k BTC investment amount to ~4500 BTC.

Serge

legendary

Activity: 1050

Merit: 1000

Looks like there is another big player on the market, but taken out at least until bitcoin rate goes over 9.5-9.7 unless he has more funds to inject into the market meanwhile.

*Since he bought in one big spree, we can safely assume it is long term investment for him, otherwise he would have spread the buying in smaller batches without pushing price to the year's record highs.

sadpandatech

hero member

Activity: 504

Merit: 500

Quote from: Spekulatius on July 21, 2012, 11:31:29 AM

I think I made a mistake, but I cant find it. Huh

Pirate (or whoever) sold low and bought high, so he must have lost money,

BUT, I wrote:

Quote

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

Lets only look at the 44k BTC mentioned. They were sold for ~450,000 USD.
Then those 450,000 USD were reinvested in buying 48622.36629 BTC! at around 9,255 USD/BTC. That is a 4622.36629 BTC profit.
How can this be? What am I overlooking here Huh

your 450,000 USD would have put the 44kBTC sell at $10 per. that's where your math error is. 44k BTC bought at average 8.3 would have acquired them only 365,200 USD

ArticMine

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Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Spekulatius on July 21, 2012, 11:31:29 AM

I think I made a mistake, but I cant find it. Huh

Pirate (or whoever) sold low and bought high, so he must have lost money,

BUT, I wrote:

Quote

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

Lets only look at the 44k BTC mentioned. They were sold for ~450,000 USD.
Then those 450,000 USD were reinvested in buying 48622.36629 BTC! at around 9,255 USD/BTC. That is a 4622.36629 BTC profit.
How can this be? What am I overlooking here Huh

44000 BTC @ 8.8 USD / BTC = 387200 USD

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Spekulatius

legendary

Activity: 1022

Merit: 1000

I think I made a mistake, but I cant find it. Huh

Pirate (or whoever) sold low and bought high, so he must have lost money,

BUT, I wrote:

Quote

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

Lets only look at the 44k BTC mentioned. They were sold for ~450,000 USD.
Then those 450,000 USD were reinvested in buying 48622.36629 BTC! at around 9,255 USD/BTC. That is a 4622.36629 BTC profit.
How can this be? What am I overlooking here Huh

sadpandatech

hero member

Activity: 504

Merit: 500

Quote from: ArticMine on July 21, 2012, 11:08:01 AM

Quote from: sadpandatech on July 21, 2012, 10:55:51 AM

Quote from: Spekulatius on July 21, 2012, 10:43:00 AM

So far it is fairly save to assum, that the 70k BTC (around 500k USD) stash that moves now and then belongs to him. The best evidence to me is the very timely correlation to his announcements on IRC and the trading followed by it, or not followed (e.g. when he said that he goes to bed and nothing happened thereafter for a day).

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

IF this is the only player of that caliber right now, one would expect him to move the price in the other direction, once he can gain higher average prices for his sell. As soon as a 70k BTC dump would score more then the 647850 USD spent, one can expect a huge sell to happen. Especially as this player has shown signs of megalomania and expressed affection for large swings.

*Volumes taken from clarmoody.com and bitcoincharts.com

so, if we assume the Sells and the Buys were both him. His strategy is to sell low and buy high? ;p

The strategy is sell high and buy low. The is why he needs to borrow BTC and not USD. We are talking about a bear here. The strategy can be very profitable in a bear market. In a bull market he can end up selling low and buying high otherwise known as a short squeeze.

read what the threee of us just wrote again and think about that. The HUGE sell a few days ago were from 8.8 down to 7.8. The HUGE buy last night was from 8.8 up to 9.7... If those were the same person, they just bought someone elses next 1000 lunches... And we are in a BULL market. them bears need to get over it..

Spekulatius

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Activity: 1022

Merit: 1000

Quote from: ArticMine on July 21, 2012, 10:58:51 AM

Quote from: Spekulatius on July 21, 2012, 10:47:54 AM

Quote from: ArticMine on July 21, 2012, 10:28:15 AM

Quote from: proudhon on July 21, 2012, 09:40:51 AM

Quote from: cloon on July 21, 2012, 09:10:39 AM

i think his influence is much overrated.
how much money is he in charge of? somebody knows?

I think he has more than 200,000 bitcoins.

Over 200,000 borrowed bitcoins. That is why the more he tries to manipulate the market with the borrowed BTC, the higher the risk of a pirate in a short squeeze.

He made a comment some days ago, that he could drive the price down to 1.80 $/BTC, that is when I looked it up in the order book at the time and saw that around 1 million USD worth of BTC would have been needed to do so.
IF his claim was right, he would have had by that time (less then a week ago) around 1M USD ( 150,000 BTC) in assets.

He could also do the same thing as a short with BTC borrowed at 7% a week in interest. The asset backing this is likely USD not BTC.

That would be a very risky strategy, as the market would have to go down by 7 % a week in order to break even. Since when is he operating again? Because he would have incurred huge losses for the last 5,5 month. I rather think he`s riding the ponzi train all along.

ArticMine

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Activity: 2282

Merit: 1050

Monero Core Team

Quote from: sadpandatech on July 21, 2012, 10:55:51 AM

Quote from: Spekulatius on July 21, 2012, 10:43:00 AM

So far it is fairly save to assum, that the 70k BTC (around 500k USD) stash that moves now and then belongs to him. The best evidence to me is the very timely correlation to his announcements on IRC and the trading followed by it, or not followed (e.g. when he said that he goes to bed and nothing happened thereafter for a day).

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump. Those two combined bring the total USD aquired in those moves to ~450000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have yielded around 4500 BTC today in pure profit. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

IF this is the only player of that caliber right now, one would expect him to move the price in the other direction, once he can gain higher average prices for his sell. As soon as a 70k BTC dump would score more then the 647850 USD spent, one can expect a huge sell to happen. Especially as this player has shown signs of megalomania and expressed affection for large swings.

*Volumes taken from clarmoody.com and bitcoincharts.com

so, if we assume the Sells and the Buys were both him. His strategy is to sell low and buy high? ;p

The strategy is sell high and buy low. The is why he needs to borrow BTC and not USD. We are talking about a bear here. The strategy can be very profitable in a bear market. In a bull market he can end up selling low and buying high otherwise known as a short squeeze.

ArticMine

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Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Spekulatius on July 21, 2012, 10:47:54 AM

Quote from: ArticMine on July 21, 2012, 10:28:15 AM

Quote from: proudhon on July 21, 2012, 09:40:51 AM

Quote from: cloon on July 21, 2012, 09:10:39 AM

i think his influence is much overrated.
how much money is he in charge of? somebody knows?

I think he has more than 200,000 bitcoins.

Over 200,000 borrowed bitcoins. That is why the more he tries to manipulate the market with the borrowed BTC, the higher the risk of a pirate in a short squeeze.

He made a comment some days ago, that he could drive the price down to 1.80 $/BTC, that is when I looked it up in the order book at the time and saw that around 1 million USD worth of BTC would have been needed to do so.
IF his claim was right, he would have had by that time (less then a week ago) around 1M USD ( 150,000 BTC) in assets.

He could also do the same thing as a short with BTC borrowed at 7% a week in interest. The asset backing this is likely USD not BTC.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1145. (Read 1811595 times)