Post
Topic
Board Economics
Re: What power does Traders have on the Bitcoin price ?
by
European Central Bank
on 26/05/2017, 12:19:37 UTC
Isn't that the story of the Bearwhale ? I've heard about that.

similar, but this was years before, maybe 2011 or 12.

that guy on mt gox was putting up walls of tens or hundreds of thousands of coins. all gone in one buy.

if you're interested the bearwhale has returned - https://www.reddit.com/r/Bitcoin/comments/6d2tp1/i_am_the_bearwhale_uasf_now/

but in his case he intentionally wanted to sell all at once. he wasn't eaten up by buyers. pretty stupid move but he still got millions of dollars.