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Topic: Who is behind the flash crash? - page 2. (Read 2908 times)

hero member
Activity: 508
Merit: 500
Jahaha
August 20, 2014, 07:42:43 AM
#22
Isn't it because bitcoin demand has decreased ? Why a conspiracy should even exist ?

Take a look at the BSI:

http://www.coindesk.com/sentiment-index/
full member
Activity: 235
Merit: 102
August 20, 2014, 06:43:05 AM
#21
Maybe it is btc-e trying to force a margin call on their over leveraged traders.

The could have dump enough to cause the traders to sell at worst possible price with them buying it all up at that price.
sr. member
Activity: 252
Merit: 251
Knowledge its everything
August 20, 2014, 04:55:40 AM
#20
Someone crazy sold lot BTC & buy it again  Grin
But BTC-E price is more crazier  Cheesy
Maybe some bot do it  Huh

But some people who very luck is bought when the price is very low
full member
Activity: 152
Merit: 100
August 20, 2014, 12:03:46 AM
#19
Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

For a second there, I thought that you were being for real. Then I looked at your Avatar, and that was my face.
legendary
Activity: 1106
Merit: 1026
August 19, 2014, 11:19:52 PM
#18
hero member
Activity: 854
Merit: 1000
August 19, 2014, 07:50:16 PM
#17
I think this is not a misclick
this has been an intention sell of whales to fill their pockets with cheap bitcoins
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
August 19, 2014, 07:43:53 PM
#16
It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.
Someone who has controlled of a lot of bitcoin is dumping them everyday.

Here is a question for the conspiracy-theorists:

Ok, you believe that some big whale dumped coins on the market in order to drive the price down so they could buy them back cheaply. Well, this big whale sold bitcoins for as low as $310. What price did they buy them back at?
They would not necessarily want to buy the BTC back. Generally speaking when someone sells that large of a position they are doing so to cash out and does not want to try to get back into the market. I do however doubt that the crash was caused by a whale. I think it would be more likely that margin requirements were changed on btc-e.
full member
Activity: 137
Merit: 106
August 19, 2014, 05:28:44 PM
#15
It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.
Someone who has controlled of a lot of bitcoin is dumping them everyday.

Here is a question for the conspiracy-theorists:

Ok, you believe that some big whale dumped coins on the market in order to drive the price down so they could buy them back cheaply. Well, this big whale sold bitcoins for as low as $310. What price did they buy them back at?

A good point. Which raises the question of why someone was so intent on selling so many bitcoins that quickly and damn the price. It seems like either a complete cash-out by someone (maybe a panic sell from some foolish new whales who went all in at higher prices), or an attempt to strike a blow against the market.
legendary
Activity: 4438
Merit: 3387
August 19, 2014, 02:38:15 PM
#14
It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.
Someone who has controlled of a lot of bitcoin is dumping them everyday.

Here is a question for the conspiracy-theorists:

Ok, you believe that some big whale dumped coins on the market in order to drive the price down so they could buy them back cheaply. Well, this big whale sold bitcoins for as low as $310. What price did they buy them back at?
legendary
Activity: 2156
Merit: 1132
August 19, 2014, 01:58:27 PM
#13
In my opinion flash crash create exchanges for more profits with margin call. In particular btc-e caught the other day on these frauds.
sr. member
Activity: 1428
Merit: 251
August 19, 2014, 12:24:20 PM
#12
Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.
I seriously doubt that satoshi was selling, as this certainly would have made the news (people would see that his BTC that it is known that he mined were moving.

I agree as posted above that it was likely due to margin calls.
member
Activity: 70
Merit: 10
August 19, 2014, 11:03:28 AM
#11
Yep forgot it's middle of summer, action will come back after summer.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 19, 2014, 10:59:02 AM
#10
ethereum/vacation/scammers/ even those campaign are contributing to the btc fall, i'm a holder but many are not they just want btc to dump for fiat
member
Activity: 70
Merit: 10
August 19, 2014, 10:50:43 AM
#9
Some say it had to do with the Ethereum IPO.
legendary
Activity: 1722
Merit: 1000
August 19, 2014, 09:37:31 AM
#8
I still maintain it's someone attempting to buy up a ton of coins before they pump it back up..

IMO they are testing their control over the market.
full member
Activity: 228
Merit: 100
August 19, 2014, 01:41:33 AM
#7
watch and analytic the web logs in order to know
full member
Activity: 235
Merit: 102
August 19, 2014, 12:34:48 AM
#6
Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

Is his wallet a public record? Just need to look it up and see if there is any coin movement.
sr. member
Activity: 476
Merit: 250
August 19, 2014, 12:24:50 AM
#5
Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.
HAHA.

This is probably not true, but it is probably very funny.

The real reason behind the flash crash on BTC-e was likely, IMO because of a change in margin requirements that caused many accounts to trigger automatic selling due to these increased requirements. I am not saying that it is not a good idea to make margin requirements more strict as the price has been declining heavily recently and this will reduce risk to the exchange and thus their other customers.
full member
Activity: 141
Merit: 100
August 19, 2014, 12:21:27 AM
#4
Almost everybody read about the agressive position of some users in Bitstamp and Bitfinex making BTC fall down almost 150 USD in lees than two weeks. There is no doubt in my mind someone is speculating with short selling in several excahnges. But having no other information I'm asking who would that be? Who is the group/institution/investment center capable to do such thing? Do you think in somebody?

It went down to around 310 on btc-e when someone dump a lot of coin. So, it is not just bitstamp and bitfinex.

Someone who has controlled of a lot of bitcoin is dumping them everyday.
member
Activity: 115
Merit: 11
Bitcoin is revolution
August 18, 2014, 11:35:38 PM
#3
Most likely, this is Satoshi. We have turned our backs on His ideals and now He is punishing us. If we do not correct and turn to the way of Our Lord, He will shake hands so harshly, only the purist of Idealoshis will stay in.

The sarcasm is strong with you sir  Cheesy (or you're not?)

But behind the sarcasm, you're quite right. I read in Coindesk that Bitfinex may be speculating with their new filter of order.
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