Quote from: Oldminer on June 10, 2011, 07:49:07 PM

Quote from: Adam on June 10, 2011, 07:45:53 PM

The volume is huge over the past 15 minutes is 14k, which is 1/6th of the total for the day. Someone is unloading a ton of BTC.

Which also means someone out there has a lot of spare cash ready to plunge back into the market forcing the price back up.

Huh? If it *is* one individual who sold the majority of those BTCs then I wouldn't think he's ready to plung back in. We'll see what it looks tomorrow, but 14k is a lot to replace back into the market. I'm starting to think that the publicity that SR brought onto BTC may also bring in some of these sophisticated traders trying to make a quick buy, which can also cause this erratic behavior. I think brokers need to put policies in place to keep this from happening, such as forcing large sales of BTCs to be sold over a period of time instead of all at once. Then again the catch is this is how you get a government in place.