Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
SGExodus
on 21/06/2013, 13:06:20 UTC
Can someone explain to me why, under the certain circumstances, price @MtGox is falling?!?

Same as last week.  Some people believes that there will be another big dump on Sunday 5am, hence causing a big drop in price.

So they are selling all their coins now to hold a short position, then buy back those coins on Sunday after a further price drop.
Don't they know about the 2 weeks USD withdrawal issue? Damn speculators they have so much money they do their habit in MtGox...

It doesn't really matter.   Most serious speculators will have a significant sum of their money at the exchange so that they can react to the market situation swiftly.    

MTGOX is still the exchange with the largest action.    You don't want to spend time loading up the wallet when serious action happens.