Quote from: miernik on June 07, 2013, 12:06:10 PM

Quote from: Mahn on June 07, 2013, 11:04:00 AM

Somebody sold their stash, I guess, much like what happened on June 2th. This thread belongs to the speculation subforum btw.

Nobody reasonable who just wants to "sell their stash" dumps it on the market like that, as they could sell it slowly and get more money for it.

It someone dumps a big stash like that, its either 1) they want to deliberately crash the market to buy back at a lower price, or 2) needs fiat really soon desperately, but then they are not gonna do it in MtGox anyway as delays in fiat withdrawals are huge, so it leaves us reason 1). Or they are clueless how bid/ask markets work or careless about their money, but anyway anyone who is highly reasonable and money-wise will not sell a large stash like that (unless trying to deliberately crash to buy back) as they can easily get significantly more by spreading their sales evenly over a day or two.

Or the guy just saw the price dropping 20% in the last weeks and feels like he must sell all before someone else does, which is more logic than what you are saying

It's probably miners selling their coins for profits and not speculators, most speculators are going to get shaved