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Topic: Would this guy buy coins without a reason? - page 2. (Read 2680 times)

legendary
Activity: 1372
Merit: 1014
October 07, 2014, 07:03:55 PM
#1
http://www.coindesk.com/bitcoin-price-finds-hard-floor-following-26000-btc-sell-order/

This OTC trader, Heinrich Vollmer, would not buy coins OTC at 8% over market, if he didnt have a reason.

I have always said this, large OTC deals don't hit the exchanges, but the exchanges serve as a manipulation stage. Naturally big investors like him will not use the exchanges for many reasons

Main reasons is that buy walls drive up prices (much more than the 8% premium in this case)

Heh heh, sell walls are doing a good job, fleecing the sheep, sorry.  Wink
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