Quote from: gizmoh on April 24, 2013, 07:57:08 AM

Quote from: squidface on April 24, 2013, 07:39:19 AM

Quote from: gizmoh on April 24, 2013, 07:30:38 AM

Some big folks really desperate to sell their coins at whatever price!

In what way is selling at the top of a 15% increase in less than a day "desperate" and "at whatever price"?

Seems like straight up profit taking to me.

Could even be the same people that started the rally. lol.

If profit taking would matter, Wouldn't it be more profitable to expand the bids with walls than to eat down the ask side ?

Bitcoin has got an economy, businesses need to convert their BTCs immediately from time to time. Yeah, maybe they sell in a urge, but certainly nowhere near desperate.