Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Tzupy
on 19/08/2013, 11:07:15 UTC
I do but little guys won't cause the price to shoot up like this.
The price is rising because of whales buying huge amounts of BTC in a single order (we saw some 5k buy orders today) so it doesn't make sense.
Also where are those coins from the "gox run" getting sold? Volume of the other exchanges is ultra low compared to gox.

The big whale only bought at the bottom of this rally, smaller whales followed.
As for the missing coins, they may show up for sale on Gox in about 15 days (that's a crude estimation).