Quote from: wachtwoord on August 15, 2013, 10:39:15 AM

Quote from: phoenix1 on August 15, 2013, 10:18:10 AM

Quote from: JimboToronto on August 15, 2013, 03:03:57 AM

I don't think the MtGox situation has been that big an issue, worldwide, since early July's capitulation. If you look at the pattern of ask-wall busting whale purchases and ensuing bid-walls, they seem to be the work of a single entity. The modus operandi has been consistent through several major ask-wall breakthroughs.

Do you really think someone with the resources to organize such a concerted effort is restricted by some petty exchange difficulties.

It's probably either governmental, corporate or military. It's almost surely not speculators.

I give almost zero weighting to it being government or military, and a very,very low weight to it being corporate. One HNW individual, yeah, possible. A few acting together or independently, more probable.
I am not sure why you seem to think that the effort involved to buy BTC and put up bid walls is so great - it's not exactly rocket science if you have the cash and coins.

If Gox is a non-issue, why the growing price differential between Fort Gox and other exchanges ?

Don't discount one or a few HNW individuals. A lot of these people needed to be smart and non-risk averse to become wealthy in the first place. I think larger corporations won't do this: for the person making the decision there is little to gain and so much to lose. It's just like politics, don't be too edgy and don't stick out too much and you'll survive a hell of a lot longer.

What I don't get about this whole story is how this is profitable.
He bought ~8000 coins on the way from $113 to $115 and almost 2k of them for $115.
During this time ~6000 coins got sold, alot of them in his walls for ~$113.
So let's just say he ended up with ~10000 coins for an average price of $114.

Today someone pushed us back down to $110.5, now we're at $111.
So right now he lost about $30000...

Am I missing something?