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Title: Why the rebound? Post by: cafucafucafu on August 19, 2015, 02:40:06 PM So it dropped from 250 to 170 then bounced back to 250 before settling lower.
What caused it to bounce to 250? Title: Re: Why the rebound? Post by: Alley on August 19, 2015, 03:00:19 PM People saw that price as a steal and bought quickly.
Title: Re: Why the rebound? Post by: AtheistAKASaneBrain on August 19, 2015, 03:28:55 PM So it dropped from 250 to 170 then bounced back to 250 before settling lower. What caused it to bounce to 250? It was probably some whale having fun with the sell orders or someone fucked up and wanted to say 270. In any case, any moron would know 170 is cheap coins so it got insta bought. Title: Re: Why the rebound? Post by: whenwhatwherewhyhow on August 19, 2015, 03:41:04 PM So it dropped from 250 to 170 then bounced back to 250 before settling lower. What caused it to bounce to 250? bitfinex glitched down and wasn't meant to stay that low. Title: Re: Why the rebound? Post by: Tzupy on August 19, 2015, 03:45:58 PM So it dropped from 250 to 170 then bounced back to 250 before settling lower. What caused it to bounce to 250? 10k shorts closed. Title: Re: Why the rebound? Post by: MinerHQ on August 21, 2015, 03:46:10 AM So it dropped from 250 to 170 then bounced back to 250 before settling lower. What caused it to bounce to 250? 10k shorts closed. For all these up and lows no real reasons. These are all just a traders manipulations. Lucky people will make some money out of it Title: Re: Why the rebound? Post by: chriswen on August 21, 2015, 04:00:52 AM Basically the Bitfinex engine was messed up. A lot of people spamming market close and market opens too. And people were getting lag. Tradeblock did a piece that showed lag on ticks.
Title: Re: Why the rebound? Post by: randy8777 on August 21, 2015, 08:09:13 AM Basically the Bitfinex engine was messed up. A lot of people spamming market close and market opens too. And people were getting lag. Tradeblock did a piece that showed lag on ticks. usually bitfinex is one of the most stable exchanges to trade on. this shows that all exchanges have short commings. that's probably why other major exchanges didn't follow bitfinex. Title: Re: Why the rebound? Post by: ttbh on August 21, 2015, 06:49:43 PM Some people kept spamming the close position button (which is a terrible way to exit a trade in the first place, nevermind during high volatility but whatever) and bitfinex's engine fucked up and ended up selling and then buying and selling and buying the amount of their original position over and over.
Title: Re: Why the rebound? Post by: Mickeyb on August 21, 2015, 10:12:57 PM Some people kept spamming the close position button (which is a terrible way to exit a trade in the first place, nevermind during high volatility but whatever) and bitfinex's engine fucked up and ended up selling and then buying and selling and buying the amount of their original position over and over. Is this a fact that their trade engine has messed up or is this just someone's theory. If it's a fact, can I get a link with the proof please? This would explain though why no other exchange has followed Bitfinex. But one panicky seller would also explain why the other exchanges didn't react. This has created huge arbitrage opportunities across the exchanges and has sent the price upwards. Title: Re: Why the rebound? Post by: balu2 on August 22, 2015, 05:17:49 PM Some people kept spamming the close position button (which is a terrible way to exit a trade in the first place, nevermind during high volatility but whatever) and bitfinex's engine fucked up and ended up selling and then buying and selling and buying the amount of their original position over and over. Is this a fact that their trade engine has messed up or is this just someone's theory. If it's a fact, can I get a link with the proof please? This would explain though why no other exchange has followed Bitfinex. But one panicky seller would also explain why the other exchanges didn't react. This has created huge arbitrage opportunities across the exchanges and has sent the price upwards. it's not cuz their engine. The engine is what people complain about cuz they think because of that they lost money. No, before the crash a large buywall was dumped in and the book was very thin and someone dumpd on that which caused a cascade. The crash is legitimate and not bitfinex fault. Their bad engine in such situations just starts to make trouble but doesn't cause them of course. The market is thin/illiquid , that's what causes it. |