Author

Topic: What was that $540 spike on Gox (Read 910 times)

full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 16, 2014, 04:30:21 PM
#10
tomorrow I will connect my a "coma-client" to gox ... after all I still have 6,66 or 7,77 dollars  Grin LoL
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 16, 2014, 04:25:42 PM
#9
spike ?

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
February 16, 2014, 04:16:24 PM
#8
Someone who obviously is losing money now on that trade.  Roll Eyes
hero member
Activity: 1036
Merit: 524
February 16, 2014, 02:26:39 PM
#7
Some people just buy and forget.

When bitcoin was at $800, no one cared whether they bought in at $20 or at $30.
hero member
Activity: 840
Merit: 1000
February 16, 2014, 11:31:21 AM
#6
Not all whales are smart as many assume.. not too long ago some whale on stamp also bought loads around 750 moments before the bear market went berserk.

Bitcoin is heaving with dumb money....and every Pro Trader knows it (and says it).
legendary
Activity: 1414
Merit: 1000
February 16, 2014, 11:30:55 AM
#5
Ok then, if those were legitimate buys I can rest assured we have some of the dumbest people on the planet into bitcoin.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
February 16, 2014, 11:29:22 AM
#4
Not all whales are smart as many assume.. not too long ago some whale on stamp also bought loads around 750 moments before the bear market went berserk.
sr. member
Activity: 394
Merit: 250
February 16, 2014, 11:27:54 AM
#3
Gox spiked to $540 from the low $300s last night, right before it's current dip into the mid $200s. What would explain this, other than Mark or someone at Gox who is in control taking a big payout? I'm not exactly sure what is happening, but every indicator says we are witnessing one huge act of corruption and thievery.

That was due to a troll post on reddit that said BTC withdrawals were working again.  Someone had an itchy finger and jumped the gun without confirming.  Post was deleted about 15 minutes later.  Great way to lose money.
hero member
Activity: 811
Merit: 1000
Web Developer
February 16, 2014, 11:26:30 AM
#2
Or someone bought some coins.
legendary
Activity: 1414
Merit: 1000
February 16, 2014, 11:22:33 AM
#1
Gox spiked to $540 from the low $300s last night, right before it's current dip into the mid $200s. What would explain this, other than Mark or someone at Gox who is in control taking a big payout? I'm not exactly sure what is happening, but every indicator says we are witnessing one huge act of corruption and thievery.
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