Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 08/10/2014, 19:19:08 UTC
If this we're the case I would think that 30K wall would have been eaten much faster (by pantera), but as far as I can tell it was chipped away by many "smaller" buyers.  I can't help but think pantera would have just panic bought the whole block if all this was the case.

that's a good point.  in fact, i was right there with everyone encouraging a group effort to knock it down.

of course, it's possible that Pantera was in fact buying it in small, medium, and larger chunks along with the final takedown.

I thought about this too, it would be ballsy not to just panic buy the whole block, if I were running pantera, I would be too afraid of some other bullwhale scooping up the cheap coins I had worked so hard to extract from the market all month.

maybe they thought they might be able to get the seller to drop the wall price down even further and then when it didn't budge, they pulled the final trigger to take it all down and call it quits.

the main thing here is, Pantera essentially controls the #1 exchange that the whole community keys off of.  and they probably can see the internal order books.  why not manipulate it for the chance to make extraordinary life changing profits?