Who is the Bitcoin BearWhale? | Bitcointalksearch.org

funtotry

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Ever wanted to run your own casino? PM me for info

Quote from: Skoupi on October 11, 2014, 11:40:16 AM

Quote from: lihuajkl on October 11, 2014, 06:49:02 AM

No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.

The real whales are pushing billions of dollars in new bitcoin businesses through vc. The price is a poor indicator for what's going on right now.

I think the actual number is actually in the tens/hundreds of millions of dollars. The VC is also not specifically betting on bitcoin but rather crypto currency taking off in general. The VC money that is being put into bitcoin related businesses will likely see a ROI in the event that either bitcoin or any altcoin is successful, as the businesses could easily adapt to another altcoin

wobber

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Quote from: Ibian on October 11, 2014, 11:28:49 AM

Media hype begins. Expect new ATH in 2-4 months.

What media hype?

Skoupi

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Skoupi the Great

Quote from: lihuajkl on October 11, 2014, 06:49:02 AM

No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.

The real whales are pushing billions of dollars in new bitcoin businesses through vc. The price is a poor indicator for what's going on right now.

Ibian

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Media hype begins. Expect new ATH in 2-4 months.

nuff

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Quote from: desticy on October 11, 2014, 01:23:25 AM

Who is hero he prevent Bitcoin fell in the picture?

All hail the BearWhale Slayer Grin

Though I suspect that lots of little people (the community), would be more aptly depicted instead of just one single hero person.

µ

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Failed price manipulation...

If thoose BTC went to holders who don't sell or play around with them the BTC value will rise instead.

genco

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BFL liquidating BTC. either covering tracks or the proprietors getting ready to flee MO (cash is more valuable on the lam than BTC)

Q7

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I believe it's some price manipulation by the same person probably early adopter who still hold large stash of bitcoin so that can buy at cheap price. Even though price has recovered for now, long term is still towards the downside

tanaka

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Quote from: sushibi on October 11, 2014, 01:07:10 AM

Good Q. Could be a few people pooling together. Or one badass. Would be cool to see a face behind the dough!

So what do you think is his age?

lihuajkl

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No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.

desticy

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www.cd3d.app

Who is hero he prevent Bitcoin fell in the picture?

sushibi

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Good Q. Could be a few people pooling together. Or one badass. Would be cool to see a face behind the dough!

Eisenhower34

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This really does not matter as the sell wall has been eaten up completly.

I suspect that the bear whale was some kind of attempt to market manipulation. The expected result of that kind of order would be for the price of bitcoin to drop dramatically both after the order is placed, while the order is being executed (while the wall is being "eaten") and after the wall is gone. Instead the price barely moved once the order was placed and mostly buy orders were placed against the wall. Also the price has moved up in excess of 10% since the bear whale has come and gone.

I think he was trading on both sides of the market. I suspect that he had money in another account and used a bot to buy up much of the order and was hoping to buy at lower prices

CryptoCurrencyInc.com

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Who is the Bitcoin BearWhale?
http://www.cnbc.com/id/102070437

Topic: Who is the Bitcoin BearWhale? (Read 2650 times)