Post
Topic
Board Bitcoin Discussion
Re: 20K Selloff on MTGox
by
phungus
on 11/07/2011, 13:34:32 UTC

No direct connection yet, but it seems unusual for such an amount to be sold at once, instead of in regular intervals. Everyone knows how the bitcoin markets are subject to wide price fluctuations. Someone who's been sitting on 20,000 coins for awhile (read: long time miner or pool op) will be withdrawing steadily, but not in huge numbers.

It reeks of illicit cash grab to me, just like what happened with MTgox a few weeks ago, but maybe this time it's laundered?


5K could have gone out in the wash to make those coins "clean". Who has the analytic skills to follow Allinvain's coins anyway?