Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 20/03/2021, 19:51:42 UTC
bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.



It looks like some guy market bought by mistake 150BTC, then realizing his 'mistake' he market sold incurring a loss of appr. $300K.



And that's in essence how the daily trading works  Grin

Looks exactly like that, pretty odd.

Sometimes it can be quite difficult to really know with any kind of certainty, and surely instead of a fat thumb, it could have been a pumpening attempt that failed.., but I agree that the fat thumb explanation does seem to be more likely of a scenario because such a thing does happen from time to time and sometimes is later admitted to or described as a factual scenario surrounding "large" price movements that more frequently happen on less liquid exchanges... but also sometimes happen on more influential and liquid exchanges, too.


when i worked back around 2011 on i told people at work about bitcoin. ......

.... but then again maybe not. bitcoin was too important not to spread the word.

This is a good point, vapourminer.

No matter the circumstances, there is a balancing that is needed to be considered, and in some sense, some of us might feel some kinds of obligations to have had spread the word, whether we are talking about 2011, some later date, or even now, and all of a sudden because we may have become rich as fuck or relatively richer than some of our neighbors because we move above and beyond ramen, we still might have some balancing obligations (surely, personal discretion in terms of how much of any kind of obligation that might be felt) in terms of sharing with others but maybe not getting too caught up into personal details.

I continue to frequently tell people (strangers and even people that I might only know superficially as well as persons that I know in more intimate and ongoing ways) that bitcoin is likely to be serving as one of the greatest wealth transfers that we have ever known or that the world has ever known, and sure you can remain stupid about it or unaware, but in some sense you are lucky that I am even mentioning such a thing to you and going into some details about my having had studied the space.  Sure, you have the right to do whatever the fuck you want in terms of "looking into the matter" or taking some kind of meaningful action or even ignoring whatever I have said to you about the topic.  I am not necessarily going to attempt to teach you anything beyond some informed questions that you might ask, but in a considerable sense you have been put on notice, and it is up to you regarding what to do, if anything.

Surely, my going into the idea of "the greatest wealth transfer in history" is going to vary and is quite likely to come out differently, and maybe at some point I might hone in upon some better formulaic ways of saying such things and to differ the pitch a wee bit depending on my assessment of the receptiveness of my audience.