Author

Topic: Who keeps selling hundreds of bitcoins at Mt.Gox? (Read 1217 times)

newbie
Activity: 42
Merit: 0
The amount changed from hundreds to tens of coins now although I don't the strategy he uses at all Smiley

Yes, greatly influence the market.
full member
Activity: 131
Merit: 100
The amount changed from hundreds to tens of coins now although I don't the strategy he uses at all Smiley
hero member
Activity: 504
Merit: 500
How do you think they are paying everyone's income-tax returns this year... But they stalled some by 21 days, to adjust for gox's withdraw period...

Then they seize those BTC because that "looks suspicious" and Gox didn't report it, then they have next-years income-tax returns already to go too!
legendary
Activity: 2212
Merit: 1199
nice ...

30k BTC ;]

I would have some from this ammount Tongue
full member
Activity: 131
Merit: 100
The Feds have already announced that they'd liquidate the almost 30,000 BTC seized from the Silk Road seizure but didn't say when they'd do it.  I've been looking for signs that they started.

Already much more than 30,000 BTC was sold.
legendary
Activity: 2212
Merit: 1199
Well, I found that people is talking about this phenomenon on reddit too.

http://www.reddit.com/r/Bitcoin/comments/1y1ybf/low_price_mtgox_explanation/

mysterious...

Gox is not mysterious Smiley gox is a misery! Smiley
legendary
Activity: 916
Merit: 1003
The Feds have already announced that they'd liquidate the almost 30,000 BTC seized from the Silk Road seizure but didn't say when they'd do it.  I've been looking for signs that they started.

To maximize their value they would sell the BTC in small lots to prevent a market crash but you'd still notice it in market action.

News source:
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
full member
Activity: 131
Merit: 100
Well, I found that people is talking about this phenomenon on reddit too.

http://www.reddit.com/r/Bitcoin/comments/1y1ybf/low_price_mtgox_explanation/

mysterious...
legendary
Activity: 2212
Merit: 1199
It is not realy interesting Smiley
This is GoxRobbery! Smiley

#MtGoxSux
hero member
Activity: 490
Merit: 500
Interesting....
legendary
Activity: 2212
Merit: 1199
It's Mark! Smiley He is selling all GoxCoins!
full member
Activity: 131
Merit: 100
Hi,

As the title, I'm just wondering who keeps selling hundreds of bitcoins to prevent price from going up?

You can observe the phenomenon frequently:
 
http://bitcoinwisdom.com/markets/mtgox/btcusd
Jump to: