Quote from: anu on April 01, 2014, 09:51:07 AM

Disgusting. We should petition the Exchanges that the Taker pays the fee.

Not the point I was making.

Right now, our 'market maker' friend is around $30K down on his investment. i.e. if he wanted to invest that kind of money into Bitcoin, his timing couldn't have been worse. Counter productive to the market and the value of his own investment even. Which begs the question, how come he has $500K USD at his disposal to begin with. 'Farms', Raskul said, I disagree. This was on Bitfinex and was most likely a leveraged long trade, which would mean that this investor must surely be feeling a lot of pain right now as well as the others who bought $490+ and decided to hold, despite being at the very tip of Wave 5 of a clear EW formation from the $436 bottom.

Quote from: arepo on April 01, 2014, 09:58:48 AM

wouldn't it be just hilarious if the downward correction to this bulltrap gathered enough momentum to crash through the previous low? Grin

I actually fancied an upswing to lower/mid $500s, but never took the long trade as I am scared of China. Right now, there is a massive arbitraging opportunity available to those who are well connected enough. If I had access to Huobi, OKCoin etc, I would be taking that arb opportunity up right about now, which is why I shall never go long when a $20-$30 price differential exists between CNY and USD exchanges. I have seen it happen quite often recently...Bitcoin seems to be quietly consolidating and then BOOM! Along come a couple of 1K sell orders that are smashed into Ask wall with no warning whatsover. The 1 minute charts best demonstrate this activity.