Member278576 36 Posted April 25 Whoa. Something got dumped and bought today. Any speculation on this? Share this post Link to post Share on other sites
PriceIsRight 342 Posted April 25 Out of the top 100 listed on CMC only 7 are Green, XRP is not the only one affected by whatever is going on. Share this post Link to post Share on other sites
ed1 928 Posted April 25 Someone gave a 5M sell order and it went down and up as seen. Again, makes absolutely no sense that someone would simply dump everything at one go. I am beginning to think a relatively deep pocketed individual is trying to scare XRP investors or a completely clueless kid got a hold of the trading account of his parents is willing to cash out for a new toy and has no clue what he is doing? !? 2 BillyRayValentine and goldstar111 reacted to this Share this post Link to post Share on other sites
Member278576 36 Posted April 25 I think @galgitron posted something from a similar dump on twitter some days ago. I would guess blatant manipulation, but of course, have no evidence for that. Just very odd. Share this post Link to post Share on other sites
MisterHappy 71 Posted April 25 55 minutes ago, Member278576 said: Whoa. Something got dumped and bought today. Any speculation on this? I would have imagined this to be an error. Good profits for individuals that managed to have a buy limit in that region Share this post Link to post Share on other sites
Member278576 36 Posted April 25 1 hour ago, MisterHappy said: I would have imagined this to be an error. Good profits for individuals that managed to have a buy limit in that region Maybe, the data got blanked for a while after this happened. But it’s still there so who knows. Share this post Link to post Share on other sites
Javim777 416 Posted April 25 BTC/XRP in Bitstamp few days ago dropped the same way, 25 Millions XRP was dropped... Weird.... Share this post Link to post Share on other sites
sven12345 223 Posted April 25 2 hours ago, MisterHappy said: I would have imagined this to be an error. Good profits for individuals that managed to have a buy limit in that region Yea and imagine all the people with a stop loss at that price boom there goes your profit in 1 min it's all gone. This is why we need regulation. 2 MisterHappy and MattA reacted to this Share this post Link to post Share on other sites
RegalChicken 24,458 Posted April 25 December 22st, flash crash happened exactly the same way: 8 days later we were at $2.42 8 PG1, Member278576, Milly238 and 5 others reacted to this Share this post Link to post Share on other sites
Inequivalent 15 Posted April 25 34 minutes ago, sven12345 said: Yea and imagine all the people with a stop loss at that price boom there goes your profit in 1 min it's all gone. This is why we need regulation. Lol what? How would regulation help that? This is simply a large sell order, which can be done on any markets.. theres nothing illegal at all about it. The only reason we see such drastic changes in prices is due to low volume in crypto compared to stocks. Are you saying when crypto is regulated people won't be allowed to do large sell orders? LOL 1 MattA reacted to this Share this post Link to post Share on other sites
sven12345 223 Posted April 25 4 minutes ago, Inequivalent said: Lol what? How would regulation help that? This is simply a large sell order, which can be done on any markets.. theres nothing illegal at all about it. The only reason we see such drastic changes in prices is due to low volume in crypto compared to stocks. Are you saying when crypto is regulated people won't be allowed to do large sell orders? LOL 1.7 billion isn't that low. If you were the one with a stop loss im pretty sure you wouldn't be the one laughing right now. This is pure manipulation and shouldn't be allowed. On Bitstamp XRP/BTC went like 99% down in 1 min sure that was a big sell order I don't believe it. 1 MattA reacted to this Share this post Link to post Share on other sites
Raz 556 Posted April 25 I’m pretty sure a whale or mainuplator doesn’t dump their chest for 60% less than the market rate. I would imagine they will place many incrementally lower priced buy orders to drive the price down. Selling that low only causes a feeding frenzy and then it’s gone. Share this post Link to post Share on other sites
Inequivalent 15 Posted April 25 So you guys are saying the Exchanges are behind this and manipulating the prices? Oh good god, do you like Alex Jones too? Share this post Link to post Share on other sites
xSODAx 866 Posted April 25 maybe I should set a buy order at 0.1 USD... maybe I could profit if something like that will happen again 2 Sio2yH2O and automatic reacted to this Share this post Link to post Share on other sites
JTxrPP 777 Posted April 25 1 hour ago, RegalChicken said: December 22st, flash crash happened exactly the same way: 8 days later we were at $2.42 3 retryW, Sio2yH2O and KyleButler reacted to this Share this post Link to post Share on other sites
