Quote from: Melbustus on October 06, 2014, 08:09:46 PM

Quote from: molecular on October 06, 2014, 08:00:56 PM

Quote from: solex on October 06, 2014, 07:58:44 PM

Quote from: World on October 06, 2014, 07:55:24 PM

I call this distribution from weak hands to strong hands
http://nymag.com/daily/intelligencer/2014/10/bearwhale-is-freaking-out-the-bitcoin-markets.html

That's actually quite a fun article, very well written.

I'll have to try reading again, because I stopped after reading:

Quote

So this weekend, when the blockchain (Bitcoin's built-in ledger system) showed that a single Bitcoin collector was trying to sell 30,000 Bitcoin all at once at a price of $300 per coin

Don't bother. Kevin Roose is a permabear. As expected, he ends the article noting how bitcoin is horrible off its high. Nevermind the fact that it's *still* up 270% over the last 12 months, and 2700% over the past two years. These guys always seem to leave that part out...

dont you know that they can't see past their noses? Lol