gizmoh
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October 24, 2013, 07:50:04 AM

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

This has always been the case, a few mid-sized big whales dumping and trying to cause panic to buy back lower. It was very successful with goxlag and ddos before. But with slim ask side,its having less effect. Although here,due to big run up,it did cause big distortion in price. Like i said it will be back up in no time as there is no ask filling in.