Bitcoin Forum

Speculations?

Nothing left to say but "i told you so"...

These short deep crashes will start to occur more and more, first on btc-e, later they will shift to other exchanges.
Just look at the orderbook on btc, even a small dump will hammer the price now.
Sellers will want to move to other exchanges, causing demand there to plummet, the cycle repeats.

Don't say i didn't warn you guys about a huge upcoming crash after the last 'rally'.

Individual exchanges don't matter. The average price crashed 5 bucks. Woo.

Au contraire. They actually suspended withdrawals for a bit when the coins nicked from Evolution marketplace turned up there.

http://coinfire.io/2015/03/21/btc-e-suspends-withdraws-to-stop-stolen-coin-dump/

No idea whether it was effective.

btc-e is shady as fuck i would not trust them with my money, nor i would trust the value on their exchange, it could be for every unimaginable reason like they they are losing users and so they are artificially manipulating it

until it crash on every exchange, any other big negative peak count nothing

Good point. I remember that. Well somebody wanted out. The fat-finger theory seems far-fetched.


You scoundrel. Get yer sketchy links off mah thread >:(

can not be a true sell by a rational actor, as they could get a much better price by using multiple exchanges....so basically meaningless.

Same thing that happened on August 2014.



Market maker or other any other major player dumps a big quantity of coins that wipes out an important portion of the whole orderbook which causes a margin cascade of longs closing. Considering that BTC-E is illiquid, this is highly profitable if he has shorts opened that he will soon close/already closed or longs/coins orders at around $150.

Being a shady as hell exchange I wouldn't be surprised if somebody from BTC-E is somewhat responsible himself, having insider info on where all the stops are placed and margin calls would be triggered.

Stop hunts and shenanigans happen in forex everyday, can't see how a shitty anon exchange for magic internet money would be any different.






This, or an Agora drug dealer or admin dumping because he wanted to buy a boat or something.
Still, the results (margin cascade) are the same.



http://coinsight.org/graphs/btce_btcusd_depth_2d.png

"price crashes!"
Who fucking cares. Hold BTC and we'll be rich in 10 years, anything else and you are being delusional.

https://www.youtube.com/watch?v=_0mykANOMGQ

If you keep looking at a price with a tiny market that's heavily manipulated by whales instead of getting yourself informed and up to date with the technology you'll never make it. You will panic sell before things get mainstream and you'll have a lot of regret. Watch the video and stop caring about the price.
Do that and hold or panic sell already, your life your choice.

The btc-e order book is so thin it wouldn't take that many coins to create a giant crash. On bigger exchanges with more liquidity it would take millions of dollars of coins to dump down to the same price. The only time it recently happened on the big exchanges was in the new year. Btc-e is not big enough to create a significant knock on effect on other exchanges.

just mr102 back for more fun

nothing to worry about, and it will forgotten before the weekend ends

if you are worried about price on a day to day or even monthly basis you probably should not be involved

Except the price tanked by an amount that only happens at a monthly timescale under normal circumstances

Well, I don't see the impact or how much damage it could cause with just one exchanger but usually a single crash wouldn't pull the price down for the rest of others. Unless you are talking about a panic sell or some traders taking advantage of the price difference to manipulate the market. Generally I would say it's the sentiment because sometimes people might take that as an indicator.

BTC-E did this.

Something else is going on there. I had left LTC long trades go overnight using their MT4 platform and they were all mysteriously closed, and not due to margin call, they were closed at $3.8501, $3.8500 and one 5 minutes later at $3.78. I also had a bunch of buy limit orders closed that were well below those prices, so even if it were a momentary spike down they should have filled. I didn't lose too much except the profit I was carrying on my longs, but it is very curious as the LTC side didn't really show anything abnormal. I had no positions open in BTC at the time to be impacted by the $150 drop.

I have a support ticket in requesting an explanation as I wasn't closed out due to margin or anything else that I can tell. At this point I suspect either someone was able to gain access to their system and execute a lot of sells or someone on the inside is up to something funny. In any event, I will be moving my funds out of there as soon as I hear back from BTC-e support. In the best case scenario they would re-instate my trades, but I am only expecting a boilerplate response so maybe should pull my money out now before anything else mysteriously happens.

I agree. Even if someone is broke and needs to raise fiat quickly there would seem to be better ways than to dump at those prices

imo u are wrong since FXopen only went to 198

For anybody interested, here is the official statement from BTC-E owners regarding this and other similar incidents in the past that had losses of customer funds as an unfortunate consequence.



http://languagelog.ldc.upenn.edu/myl/ExpletiveDeficit1.jpg

this once again shows that it pays off to place low buy orders. it's the second time btc-e had an insane flash crash. it wasn't much but i managed to buy 1 btc at $200  ;D

When I saw it the first time, I was afraid if there was a bug in the blockchain. :o

But it was just Mr. 102.  ;)

So, you just made 70$ profit. How much did you wait for it?

A few thousand coins market sold into an bidside with no depth is just giving money to those with low lying speculative bids.

Glancing at the other exchanges, they unsurprisingly do not show the same volatility (bitfinex -1%).

Such extreme market moves simply move clients away from smaller exchanges to those with decent volume and orderbook depth.

Is this code for Mircea Popescu?

BTC-e hit $102 with a 4000 coin sell in Feb 2014 when it was $600 ish elsewhere. I think it nearly cleared the order book. That joint marches to the beat of a different drum.

man, the chart is really annoying to look at now :P Just one huge spike and no details of the day -.-

mr102 was a real event as tons of buy orders all the way down got filled.  
this seems more strange as there aren't many people celebrating getting cheap coin.  

in my opinion, from one side, it is a marketing trick to get people to get money into btc-e and keep it there without actually buying coin speculating a big drop. from the other, just theft and abuse of knowing who has what orders in and where. 

remember, its all funny money until you withdraw.

I recall a fair bit of crowing when people got their lowball bids filled with the 102 event.

Some guy on BTC-e claimed he had a 35 BTC buy fill yesterday at 180. He was positively giddy about it :D

$150 not good at all.

thousand$ in fees?

Any BTC-E employees, or someone on the inside, blow the whistle.

What happened to allow a crash to 150 on LOW VOLUME?

Also, anybody with open orders in BTC-E before this event I want to know if anything fishy showed up.  Were your open orders honored in the deep crash positions?

might be possible. But you would have to have a waiting order, otherwise you could not catch it mannually. I was working on PC at that time so I saw it from the beginning. I tried to buy cheap BTC through MT4 but it was tricky since you got filled by completely different and much worse price and only by very small parts and finally I couldnot get out from the trade by any means. The pain lasted for 2 hours and the result was only a few USD profit. And unfortunately I didnot delete old order to sell when price drops under 200 (which caused me huge loss) so I think the drop could be caused also by some (old?) orders from other people which were left on some robots which are connected through API, so robots might started to sell BTC once price dropped.

I dont feel good about things which are hapenning at BTCe , especially when price is almost all the time 10 USD or more different from other exchanges. I wanted to move all my money from MT4 unfortunately BTCe web page is unavailable and without acces to their web I think I cannot send them request. Of course their support never responded so its useless to ask them, I think.
If anyone is interested about their MT4 write me PM, I can tell you more details.
At the beginning I liked their offer with MT4 however in last months it got spoilied, you cannot make big trades, you got bad filling, I wouldnot be surprised if they "group" users according to criterias, so I probably see different price than other users, strange is when price moves almost exactly according to your waiting orders (like it touches for a moment exactly your SL etc]  not to mention that MT4 price is completely different from other exchanges like OK coin so everytime you have to work separately with different numbers. It seems to me, they allow you only to make very tiny profit like 10 USd but once you try to get more you are faced with many obstacles. But if you dont set up SL or TP then you risk huge loss on moves like which were on weekend. So the only possibility is unfortunately to go away or you can blame only yourselves.
Unfortunately, I think MT4 on BTCe is a classic model of relationship broker - customer where customers profit is loss for broker, so broker takes care of "profitable" customers? Or is it not like this?

When I woke up today and saw the on ZeroBlock app BTC went low at 150$ first reaction was a shock :o
started to point at other exchangers but everything there was fine there with price jumps.
just a little correction..btc-e is always lower a few bucks then the others..
I c no point of getting rid of coins for such a low price but a simple human mistake) or a bot mistake ;D

i think it's pretty obvious that this was a bear raid to trigger stops in a thin market. Someone smashed it down, triggering stop-losses and picked up a bunch of cheap coins. Yes, some standing buy orders will have been filled, and a few lucky people got some cheap coins too, but overall mostly people got raped and one entity made a huge profit.
All happened too quickly for any new orders to be placed.

Was it done with inside knowledge of the order book? Quite possiblly, but we will never know. Could easily have been the exchange itself.

I don't buy any 'fat-finger' theories. Rape and pillage much more likely IMO - this is Bitcoin ...

Just my 2c

Your theory sounds more realistic if it brought some income for bears) I cannot see the volume statistics there that were bought/sold at that time  point. It was done overnight when most of traders from East European countries were asleep. And besides btc-e is currently down.
Maybe they are facing some security issues or being under ddos attack. Hope we will hear some explinations from them soon.

It did bring a lot of income for 1 player. By 'bear raid' I mean the direction of the action was down, triggering stop losses on longs and hoovering up the coins at lower prices. That we are now back at the same price is exactly what the initiator expected. Call it a 'smash-n-grab' if you prefer ;)
Don't see why it matters what time of day it was done.
FYI on btc-e the volume showed approx 10k transacted at the time.

Don't expect to hear anything soon from BTC-e - they are not exactly forthcoming with information. And I would not trust their explanation anyway unless it was accompanied by a reversal of trades/compensaton for losses, and that ain't gonna happen. Words are cheap ...

then it was quite profitable for the investor ;)

By the way there is a message on their official twitter that they are handling with some network issues in the data centre.
https://twitter.com/btcecom/status/616515267028484096

but BTCe is down from the morning what is very bad. Hope it is just DDoS. And I have problems to operate with my BTCe account through zeroblock or other platforms. Do you also have unaccessible BTCe?

Looks like a hosting problem rather than ddos. https://twitter.com/btcecom

Agree, I would also assume that it made BTCe itself probably. But you cannot have complicated triggers on their web page. You can done complicated trigger if you trade through API on your platform, but then I thought exchange,( nobody except the owner of platform) could see where did you put your trigger, and BTCe doesnot allow you to trade on leverage (except their tricky MT4, where I trade and see no volume). So how could BTCe know where people put their triggers?

there are some trades on bitcoinwisdom, but site still is offline ???

it happens too often these days ???

As we are seeing right now, the price is climbing back all the way to 280. 280 seems to be definitely some sort of new floor or stable price were it recovers after every dip and seems to go back there after small pumps. Breaking 300 again is only a matter of time, it's only 20 dollars away. Once we pass it for the third time it's game over the guys that haven't bought yet (even tho another correction could always happen but who cares, why would you risk waiting for that).

Im kind of surprised with the responses im seeing here because i thought that btc-e was a pretty trusted exchange, any further argument for calling it a shady exchange? I havent seen any complaints about them whatsoever.

Personally I am expecting the worst out of them. I had some trades mysteriously close during the so called "crash" that should have stayed open even if the price went to 0, even had buy limits canceled for no reason that should have been filled. I have tried transferring out of my MT4 account to get my remaining funds out of that thieves den, but of course that does not work either. Three days later no support response back on my ticket and now the site is down.

yes that happened to me as well, I should have made printscreen, but what I can do with them??? send them to non responding support???? I will just move all my funds away... hopefully soon. As I wrote, they let you make several USD profit but when you want to multiply your strategy they stopp to execute your trade. Simple "Off quotes" error message. or lost connection. And you can ****************** And of course after you got into loss suddenly everything is smooth.... But when you try simoultaneously (eg manually at the same time ) made the same trade with 0.01 everything is OK..... what to say more?

I opened several 5.00 lot buy positions on BTCe MT4 (open a trade was quick and easy) but problem was that it was made by much worse price and the worst of all was closing - you couldnot close it partially, you couldnot close it by changing SL or TP - price was going up and down and my SL and TP field in MT4 got yellow but was not respected. (= so it could close my trade 30 USD away from SL and I wouldnot do anything with this.... you know support if even bother to answer you can tell you anything... perhaps you already trade somewhere MT4 bucketshop )
 I tried to open a small 0.05 lot of their CFD or whatever it is, and close this small position and it was smooth. But anything biger like 1.0 or even 5.0 lot position was frozen.... after about 1 hour since that drop it started to closing my position by small parts (Partially by 0.01 or 0.05 etc !!!! and of course cca 5 USD away from SL or TP}  and all that pain was finished during another hour.

I thought I made a fortune but in the end it was loss for me. Never more.
I could summartize it, I can change a bit that sentence sadi by Henry Ford: You can close your trade/ position anytime  if you are in a loss. (other wise you get "off quotes message") really funny but not for me.


Bitfinex is better for leverage trading. Problems are bigger fees. But forget 796 if you dont have good robot. 796 is worst of all cause they have "AOC"  and this funny thing close your position once you get to the certain % of loss (even if you have enough BTC on your margin account) and than it takes all your money involved in a margin trade not only the part of money which you risk. This is insane. If you trade eg 1 BTC dont tell me that they cannot find counterparty for only 1 c o c k sucking BTC....
of course problem is as you surely know, that price isnot continual/smooth (I mean price goes in thresholds, it could be 277, 278, 279 per 1 BTC and not anything between because counterparty just want to execute only at certain level... and the whole funny issue is that on 796 price is like $280 per BTC but of course sudenly it could flash within a second to $300 on the buy or sell side and the whole funny thing is that at $280 you are in a loss like 30% which is OK, but with that sudden flash you got over that sucking % set by 796 for that current week and despite price goes immediately down to $280, the c o c ksucking 796 takes ALL YOUR MONEY INVOLVED. Everybody with more than 1 braincell in their head called it daylight robbery, but 796 call it AOC .....)

perhaps the only solution of this is not to trade on leverage but 1:1. But why I would do it for their high fees??? I could trade 1:1 directly without fees on much more trusted places like Bitstamp much more comfortably where price respects other exchanges and dont make dips +-20 USD in a second...
I thought 796 could be a place where you can try to profit from some certain movements but I warn you - on 796 the price is totally different with sudden big thresholds so its impossible to trade on high leverage movements like last weeks monday cause they look totally different on 796 and your position would be very probably sudenly closed. In case you dont have a robot which can with a fraction of a second evaluate how deep you are in a loss and accomodate the position... But again... who knows whether 796 doesnot segregate clients as well and maybe if you have big position you got "off quotes" as well despite you have clever robot....

Problem is they change that % how deep it allows you to go in a loss regularly .... their price is totally different from exchanges (sometimes +20 usd up sometimes down....) I incurred a big loss after a few succesful trades and unfortunately I didnot find good platform for trading 796 (their web pages is insufficient only a fool could trade on high leverage throgh 796 webpage)


my advice is.. forget on leverage and trade 1:1 on well known exchange, maybe with reliable robot, if you want to sleep and not sit in front of screen every night

I also noticed last week (but I guess it must be all the time) (this time I printscreened it) very large orders on buy or sell side. like 1000 BTC several times in a row and then dissappear after half hour.. such big order wouldnot be strange at Bitfinex but here it looked strange - other orders were from 0.001 BTC till 1 BTC and sudenly threshold like this. Like a fist in your face.  
But of course it could be anybody like a whale or of course Exchange itself
And dont forget, BTCe webpage looks still the same as in 2012. They didnot even bother to change colors of fields..... yes they added some coins if I remember well, they made MT4 in 2013 and kind of 2FA login but thats all, Their charts on their web looks like a joke. Without robot you didnot even see chart of market depth (well its probably totally useless but again you even cannot look at it....)
The only thing which hasnot changed that they are anonymous and never been hacked....

well but I am not gonna wait so long

but to be sincere, now I checked their page, and they are on line, my money are there and if you send BTC you wait some 5-10 minutes... so I cannot say anything wrong in this way.

Well I got my response back from them, and it is not very promising as far as my trades go.... Basically telling me too bad, so sad, or in other words Sh*t Happens!



Now to try and get my money transferred out of there. I cannot access the site yet, even though I see movement on the charts and other people claiming they can get in. From the looks of it, it may be a DNS issue as I get messages which suggest this. Does anyone know the IP address so I could try to get to the site directly?

I dont know how most people get their bitcoins from btc-e.

It seems that the exchange always has times that they feel like they need to cash out by screwing someone over.

The stories of btc-e and deposits, to accounts being hacked or other misc horror with leaving funds there as well.

When mt.gox crashed back in the day, their value also dropped as well.

But that was entirely just cause each exchange relied on each others support. But from on the responses its leading down to their questionable services overall on their site.

BTC could not have crashed to 150 with that low of volume, plain and simple. 

https://bitcoinwisdom.com/markets/btce/btcusd

There was a spike in volume during the crash, but not nearly enough to push the market to that level.

On July 11th on the spike up, the volume was double the volume during the crash, and the market only moved from  a low of 265 to 298.

There is no fucking way 1/2 the volume of that move moved the market from 280 to 150!  NO FUCKING WAY!

Either there was a glitch, or collusion, clearing open orders for a insider to execute a leveraged sell off, then re-buy back at a deep discount.

Whatever really happened we need to get the truth.

Some here have reported cancelled open orders they did not cancel.  That's exactly what would happen if there was collusion to open the way for an insider to crash the market.

I hope some insiders in BTC-E blow the whistle.  If there is collusion going on the community needs to know about it.

You are talking about a lot of things here but why would they mess up with your trades? What do they win by doing that? Absolutely nothing as far as i understand it. I have been using btc-e for over a year now and i have never had any problems with them, everything is always smooth, the only problem recently is the frequent ddos but you cant really do much about it.

If there is collusion going on, they would cancel open orders to make way for an insider to push the stops at critical resistance points, inducing a leveraged sell off, where that same insider buys back at a deep discount.  There is plenty of reasons for them to mess with the open orders if they have no ethics and interested only in maximizing short-term profits.

We don't know if that is indeed what happened, but if it is, the community needs to know about it.  And/or some people go to jail.

Does anyone really posses any kind of evidence for that? Because all i see is speculation and accusations without much proof or none. Cryptsy as an example used to be really inconsistent and probably still is when it comes to orders, most of the times your orders werent canceled on time or you wouldnt get your money back fast enough, as i said i never had problems with btc-e and i have been trading recently more than 0.5 bitcoins per trade.

The hard number right now is the volume on the day of the crash.  

The volume does not justify a crash to that level.  How that happened needs to be investigated, and the truth come out.

If it was a glitch, so be it.  If it was collusion, we damn well should know.  What / how were the open orders cancelled without the users consent reported on this forum?  We need to know.  BTC-E owes the community a detailed explanation.

I will reiterate, I had open buy limit orders canceled. Buy orders that according to BTC-e's explanation should have been filled if the price did indeed drop that low for milliseconds as they are claiming.

I also had open long trades that were closed for no good reason. I am very conservative when investing and the ratio of open trades I had at the time to my equity was maybe 10-15%. Meaning the price could have went to $0.01 and the trades still should not have closed. They closed well above this level, but still enough to incur losses. The whole thing does not add up to an event caused by normal market functions. It appears more likely due to some type of intervention, either insider, hacker, or perhaps a glitch in the software.

Now I will point out that in my case all of this was on their MT4 platform. I had only a couple of small orders on the main site at the time, and those performed as expected.

The other curious thing is that according to MT4's graphical history I do not see any spike downward to even suggest it hit $150 like on the main site. It appears to have bottomed around $194. It may not have recorded a millisecond drop though. In any case, my positions should not have been impacted at $150, or as I said even at $1.

I did screenshot everything and downloaded all my transaction reports, along with every conversation I had with them, in case I would need this information in the future. Seeing as how they are in Bulgaria and I am in the US, I do not think much can be done from my standpoint other than try and get my remaining money off of the MT4 exchange and off their site.

In closing I will just say I am not sure what happened, but I am not satisfied with the explanation they have given me because it does not line up to what I experienced with my account. So whether it was a honest mistake, computer glitch, hacker, or whatever, it does not matter to me until a proper explanation is forth-coming. All I can do is move my funds off that exchange and post about my experience in order to let others make up their own minds with what to do.

I left BTC-E a long time ago due to their shenanigans.

They always seem to be more volatile in the price swings than the other exchanges, probably due to the low volume. It has already been mentioned they never give good explanations when troubles do arise, thus my hesitation to trade there.

I am talking about the fact that their MT4 is bucket shop.
If you make very small trades 0.01 than it is OK. But than you earn 1 cent when it goes 1 usd in your favour. No, you earn 1 cent after it goes 2 or 3 USD in your favour cause you have to pay them fees. In another words, you would earn approx 1 USD on 100 USD price change. Common I think we want to earn more than this. You want to open 0.01 trade and wait 1 year whether it goes 100 USD in your favour and than grab your 1 USD?
 But try to open 1.00 lot of their CFD and very probably they realize that trade into small pieces like 0.01 (sorry but when I want to buy 1.00 I want to have it in one part not in 50 rows, especially when you try to open more and result is 300 rows in MT4 window. If you want to see that mess I can send you printscreens......) and than when you want to close this trade in profit, you simply see "off quotes" but when in the same platform I tried another small trade like 0.05, of course I could open and close it immediately with tiny profit.

MT4 enable brokers to make groups of clients according to different criteria, in another words its easy for broker to cheat clients... and why they wouldnot do it when they could and nobody is able to realize it?

I am talking about the fact, that if you ever tried to open a large trade like 5.00 of their CFD or even 10 x 5.00 you cannot never get good price but everytime signioficantly higher (in case of buying) and once you decide to close the trade in profit very probably (not 100% everytime) you simply cannot. because of different error messages.
That sucks, if you take 100 BTC and try to sell it at Bitstamp or Bitfinex, you also dont get best price but your price doesnot differ by 10 or even more USD (20 usd)  from price which you see on screen. It may even happen that your price could be better than you expected, Becuase their order book is full of real buyers and sellers.
Even if you try to trade on some sudden movements you can rely that you buy or sell for the price which you see on screen even if you trade manually.
On BTCe MT4 must be no volume than because there is never any counterparty for your large trade.

BTCe exchange is OK, they dont mess with you but problem is that you must see many warning signs like no volume, BTC is cheaper by 10 or more usd, strange price behavior,... for me its enough - I lost money on MT4 and dont want to loose the rest because I already lost on MTGox

And regarding BTCe MT4....
In case you set up tight SL or TP, guess what, of course, it will be hit exactly at that SL price by sudden flash. And you cannot say anything cause in charts you cant see both buy/sell price so in many cases you simply couldnot do anything, you cannot see whether the price really reach thet threshold.
And worst of all, if you dont fill TP or SL, you risk even bigger disaster, in case like last weekend. I had one left waiting order sell at 219 with TP on 200 and SL on 259. I forgot to delete it cause I would never expect that price would go down so deep during weekend. And guess what, of coures it was triggered and of course it was closed on SL around 259.... despite price went down to 160 or something prior it went back higher. But of course it could be explained , but its the same when your girlfriend is cheating on you and gives you any explanation which is on her mind.
Once I was thinking about their master and slave account system.. but if you read their details about fees... I think it only results in paying fees to master and broker and you dont get anything, And of course, they tell you that master account has bad days, that you must have expected it and even if master makes some profit, fees are huge so you see some profit only in case of 100% a month or so what you cannot expect in reality.
My assuption is, that they let you winn just a couple of USD, max maybe 10 or twenty USD a week, once you would get into tens or even hundreds of USD a week, they do anything to kill you. Thats my bitter 1 year experience

yes of course, I have many printscreens, but what you can do with that - its useless to write to their non responding support. I already tried comlain to another MT4 broker and simly its lost case. They always tell you that and that that the price flash there and there and that you must know it that it happens all the time and of course you can comlain but they tell you are bad trader and dont give you money back. the only solution is go away and trade differently

Cryptsy has almost no significant volume in last days. I sold my coins during spring and now I have USD but in their USd markets you cannot buy anything, in some cases volume is even smaller than it was last year.
I would like to trade coins like PPC, because Cryptsy has unique offer of hundreds of coins but unfortunately many coins are without volume.

Yeah, I personally have not had issues or lost money there, but was not able to transfer money into my acct directly.  I was able to transfer btc and trade/ withdraw it though.

An exchange that is not transparent about its location, owners, etc is asking for trouble though.  I have since stopped using that site.

sorry, just noticed your reply. i always place low buy orders with fiat in my account that i don't plan to use any time soon, hoping a flash crash will happen. and it did. btc-e is perfect for that. a 3000-5000 btc dump can make the price go down 50% quite easily there.

There is just the "small" counterparty risk of a second mtgox, if you leave your fund for a indefinitely long period..

If anything a big reason bitcoin will completely plummet is because of long time unmet expectations.
Many people have invested in bitcoin expecting big ROI. Ever since it's been getting hammered down and down over and over.
At one critical point these people will call quits and things will finally collapse.
This is why smart people call bitcoin a pyramid/ponzi scheme.
Wake up,  don't be a bagholder.

I think there is a reasonable chance of people making some ROI at this price level.  I mean there are 100's of millions of investor funds coming into companies like coinbase, xapo, etc that you've got to think that once they start putting some fund into widespread advertising, then a lot more people will start to buy and transact with btc.

So far I think their advertising and outreach has been fairly limited, and I'm assuming their investments have been mainly into their security, user-friendliness and their site design.  Once they do start to try to attract more customers I think the price can stabilize.

But near term I agree, dont listen to the rediculous "predictions" on here, that only makes it look like a ponzi scheme

I would disagree. Other assests like gold or fiat currencies are also priced only according to trust. its all about trust. And bitcoin is amazing technology. I think its fair price should be around $10,000 if you compare it to worthless USD or physical gold which is useless too. Try to move 1 tone of gold or 1 tun of paper notes. But bitcoin weight notning, you can send it within a second.

I don't know you are talking like a gambling addict that blames the site for his losses, i never seen any kind of scam accusation that was real against btc-e yet, im certain almost no one considers it as a scam, then again if you have proofs for your statements, go ahead and open a scam accusation

BTC-E owes the community a detailed explanation on how BTC was pushed to 150 USD on volume that can't possibly justify that move, and explain the cancelled orders others have reported here.

There's plenty that needs explaining.  And if BTC-E wants to garner any kind of trust they would be forthcoming.  So far, nothing!

I agree, but a lot of btc supporters want anonymity. BTC-e seems to give users that, considering it's not even open with where it is located, who runs the site, etc.  I dont expect a mysteriously operated site to open up and give detailed explanations of much.

People can't have it both ways.  If they want an open and secure exchange, btc-e is probably not where to go...

so many flash crashed had occoured in btc-e, and this is not surprised.

How do people even get bitcoin though, cause I always hear the horror stories with their balance getting hacked.

Or something with having their deposits ever reaching the exchange..

Looks like the usual slow rise has begun.

The volume CAN justify that move. That's because it's a flash crash. Someone might've market sold 3k BTC and it triggered stop-losses that amounted to 8k. It is possible because it happens really fast and then the price is back up again with little volume. Blame the thin orderbook.

On the other hand, real plunges are gradual and can continue for hours and thus have a lot higher volume transacted just due to their duration.

It can happen if open orders were cancelled without the users consent, as has been reported here.  Opening the way for a bear attack, pushing critical stop points.... either by collusion, or by some software glitch, that is exactly what happened.  Either case, users that had their stops hit, and users that had their open orders cancelled were defrauded.   This was not a market move according to free market forces. 

it seems to me the only thing done in the last 3 years on btc-e was remove some crap coins and add twitters

Looks like the crash has finally affected other exchangers too. The price has been in a decline for the last four days with bear candles getting wider and wider yet volume is decreasing. Have the bulls given up completely?!

When you look at the weekly chart, the bollinger bands squeezed together tightly and a candle closed outside of them. It's a great sign for the bulls, but I am afraid price can be manipulated too easily on the BTC market for this to make a difference.