No direct connection yet, but it seems unusual for such an amount to be sold at once, instead of in regular intervals. Everyone knows how the bitcoin markets are subject to wide price fluctuations. Someone who's been sitting on 20,000 coins for awhile (read: long time miner or pool op) will be withdrawing steadily, but not in huge numbers.

It reeks of illicit cash grab to me, just like what happened with MTgox a few weeks ago, but maybe this time it's laundered?


5K could have gone out in the wash to make those coins "clean". Who has the analytic skills to follow Allinvain's coins anyway?

Like this motherf*cker right there. 8.5k BTC at $14.20 with hardly anything the next $1.30.

Smells like bear trap, but surely gonna drop the market like a dead rabbit for a while.

Someone dumped 20k and you come up with a thread saying it was possible hacked bitcoins. Where were you last time price dropped to $11.50  from $15.00 ? Was that another hacker or maybe same one. In the last 30 days since the alleged incident, we had 19 out of 30 days  volumes above 20k and somehow you think, hacker would dump it all today, causing a massive selloff from $15 to $14. Its not like we get this swings almost every single day. I understand this is a public forum and people can post whatever, but use some common sense.

Conclusion .. yes it must have been the hacker selling allinvain coins.

Sure maybe, who knows, but I really don't think so.

There are plenty of miners who got in before Bitcoin was at even $5.

Somebody had a large ~10,000 coin 'buy wall' up at ~$15 yesterday.

The point of a 'buy wall' is not to buy 10,000 coins at $15, it's to force people who want to buy coins to pay more than $15 and help drive up the price.

However, it fails if somebody says 'wow, I can sell 10,000 coins for $15, that's $150,000...I can't leave that money on the table, I just have to do it!.' Then the guy with the 10,000 coin 'buy wall' now has bought 10,000 coins for $15 each.

Maybe it was one somebody who was an early adopter and has way more coins still. For that kind of guy, taking the cash when the opportunity presented itself while still having a lot of bitcoins is a great idea. Or maybe a speculator was able to get completely out. Who knows.

I don't know, either way it doesn't seem all that...unexpected, wild, crazy, suspicious or whatever to me.

Yea I was thinking the same

I'm expecting a big bounceback any time now this seems to happen every day. lol

Not sleeping right now, and not hacked coins.

MagicalTux, I would like to ask you something. If an early adopter who holds large number of coins, wants to sell approx 50-100k BTC, could he arrange it with you personally, that he/she would fly over to where ever you guys are and sell his/her coins on your exchange while being physically present at your office while the selling is in progress. They would show all the papers needed so everything is legit, passport, ID, whatever papers you need, bank accounts to where you would transfer the money.

Questions I have are..

1. Can they come to the office, hand you hdd with 100k coin on it and sell it on your exchange?

2. If you could then transfer the cash immediately from your exchange account to their bank account?


Thank you

Most of this is possible without problem, just contact me (admin@mtgox.com) for details.