Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
DaSheep
on 15/08/2013, 12:25:58 UTC
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?

How silly can you get to think that all these transactions are done by the same person?

If there is almost no activity in the market and suddently 2000 coins get bought in like 2 seconds and half a second later a 1300 coins wall pops up and another 2000 coins get bought and another 1300 wall pops up and another 2000 coins get bought and another wall pops up...
It's quite obvious I think.