Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I don't get it. Where's Willy getting his USD? The first time around he used $10 million. He's not selling back the BTC or the gap wouldn't have increased to $30. He'd have to be an idiot to deposit USD into his account. The only explanation is he has $10 million + USD in his account. That's ridiculous. 
Why so ridiculous? Someone on Gox sold 10k at once at about $1200. $12 mil.
The dump failed, as enough ask depth was never built at the lower prices, and only in this market at this price is he able to buy back those 10k+ bitcoins without too much slippage. When he is done, the pump starts. I have a feeling that it will be much more successful than the dump. Oh, and thank you bears for giving him the opportunity
You have just handed him the power to do it all over again.Why do unintelligent people seem to always be willing hand their wealth to others?