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Title: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on December 25, 2012, 04:17:15 AM The title says it all .... just curious. ???
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: ATC777 on December 25, 2012, 04:56:27 AM The title says it all .... just curious. ??? It's probably just some quote-stuffing. It's bound to happen on Bitcoin exchanges as there's probably no mechanisms in place (like stock exchanges have) to prevent it. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: creativex on December 25, 2012, 05:00:10 AM The sell orders are from .00589 to .0063. What's the problem?
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on December 25, 2012, 07:49:33 AM The sell orders are from .00589 to .0063. What's the problem? There's more. they only list the top 20 http://www.ltc-charts.com/orderbook.php?pair=ltc-btc&market=btc-e Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on December 25, 2012, 07:50:40 PM The sell orders are from .00589 to .0063. What's the problem? The problem is currently those visible orders total around 125K, a tenth of the amount on sale indicated by "Total LTC" amount. They probably have a few more millions reserve in LTCs that are not being put up for sale as active orders. :o Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: creativex on December 25, 2012, 08:23:55 PM The sell orders are from .00589 to .0063. What's the problem? The problem is currently those visible orders total around 125K, a tenth of the amount on sale indicated by "Total LTC" amount. They probably have a few more millions reserve in LTCs that are not being put up for sale as active orders. :o Still don't see the problem. I list assets for sale all the time at rates well above market just in case the market moves into my position while I'm not available to monitor the action. We just passed a period in which LTC mining was significantly more profitable than BTC mining and people are swapping back and forth. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: K1773R on December 25, 2012, 08:48:19 PM "I will go mine LTC for 1 week while difficulty is 20 than drop out of mining for 2+ weeks while difficulty is 40. I will sell earned LTC hey, how u dare to tell others my mining tricks? :Pfor as much as 40 didn't happened. I will make 2 times more money than if I mined BTC in that 1 week! I'm so smart, it's amazing!" Unfortunately for you, retards, most buyers are obviously not retards. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: AlexNeto on December 25, 2012, 09:23:32 PM And What's going to happen to the 1600BTC on btc-e LTC/BTC order book? ;)
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on December 26, 2012, 12:12:30 AM 13mil LTC exist so yes btc-e probably has millions
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on December 26, 2012, 06:50:08 PM parking so much money in open orders, either a very smart strategy, or it's incredibly stupid.
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: smoothie on December 26, 2012, 08:34:58 PM LTC buy orderbook appears to be drying up.
:D :D :D Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on December 26, 2012, 09:19:48 PM LTC buy orderbook appears to be drying up. :D :D :D but bitparking is finally getting some volume lol https://ltcexchange.bitparking.com Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: ATC777 on December 27, 2012, 12:57:45 AM I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on December 27, 2012, 01:00:15 AM I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said... what type of quote stuffing Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: ATC777 on December 27, 2012, 01:22:45 AM I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said... what type of quote stuffing It just sounds like typical sell-side stuffing to me... flooding the book with a bunch of meaningless sell orders to suppress prices, cancelling them and re-submitting them. Very few (or none) of them ever get filled. JP Morgan, the Fed and other institutions are notorious for doing this in the gold and silver markets -- since the inception of the SLV and GLD they love targeting the options. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: smoothie on December 27, 2012, 01:31:05 AM LTC buy orderbook appears to be drying up. :D :D :D but bitparking is finally getting some volume lol https://ltcexchange.bitparking.com wow a whole 250 LTC? :D Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on January 01, 2013, 09:39:05 PM 1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange. ;D the market decides if it's overpriced. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on January 01, 2013, 10:12:42 PM 1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange. ;D you made your point: http://www.jsmineset.com/wp-content/uploads/2012/12/clip_image001_thumb20.jpg Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on January 01, 2013, 10:25:22 PM Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation.
However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused. ??? Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: SAC on January 02, 2013, 01:25:05 AM Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused. ??? The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on January 02, 2013, 01:31:07 AM Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused. ??? The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up. Well, if it's because ASICs got delayed, then "manipulators" = speculators, because that kind of "pump and dump" is what every speculator does. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: SAC on January 02, 2013, 02:11:01 AM Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused. ??? The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up. Well, if it's because ASICs got delayed, then "manipulators" = speculators, because that kind of "pump and dump" is what every speculator does. Sit there and watch them bot wars that go on for a while then say that or for that matter them manipulators talking openly about what they are doing in the chat window... Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: SAC on January 02, 2013, 10:25:47 AM 1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange. ;D the market decides if it's overpriced. Yes, and market decided LTC is overpriced. Price is right when there is equilibrium (http://en.wikipedia.org/wiki/Economic_equilibrium) inbetween sell and buy volumes. Sell 1,347,524 / Buy 1,216 :P You people mining and hoarding LTC are so stupid that beside not working on adding some usefulness to LTC for over a year now, you can't even play market properly. You generate coins and just toss them on market, without ever realising you actualy stabbed yourself and anyone else on LTC train in the back because you just added to the already huge problem. Unenlightened, dumb, incompetent, self-interest faggots who think they are adding some incredible value to coin by plugging miners into Litecoin network. Yeah like bitcoin is any different. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on January 02, 2013, 11:12:35 AM SELL: 1,350,916
BUY: 0,227,924 so 5:1 sell to buy ratio. Seems lopsided but why would people have buy orders so low waiting to buy. New people getting in would most likely buy at market price. People who have coins will set sell orders high so that they can make money off any big moves Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on January 02, 2013, 01:28:43 PM SELL: 1,350,916 This disparity is somewhat understandable, if people want to park their crypto coins, btc-e is the go-to exchange for LTC, while few btc holders use btc-e storing their coins. What amazes me is the level of trust they have in the exchange.BUY: 0,227,924 so 5:1 sell to buy ratio. Seems lopsided but why would people have buy orders so low waiting to buy. New people getting in would most likely buy at market price. People who have coins will set sell orders high so that they can make money off any big moves To be fair btc-e had done great job in restoring customer's confidence in the previous attacks and crisis, but still, putting so many eggs in one (wild open) basket is just insane. Which makes me think the possibility it's more or less just a honeypot :D Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: 420 on January 02, 2013, 01:43:23 PM is eTrade a honey pot?
Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: bitcool on January 02, 2013, 02:40:15 PM is eTrade a honey pot? Has etrade lost their fund due to online attack before? Does etrade allow fantasy orders (10x, 100x market price) being created? If so, do they count them as "total" buy or sell? I seriously don't know the answers to these questions, but if the answers are yes,yes,yes, then I would say yes, eTrade IS a honey pot. Title: Re: What's going to happen to the 1.3 million LTC on btc-e? Post by: SAC on January 02, 2013, 06:31:37 PM Of course it is different, you idiot. Not only that one can buy so many useful items with bitcoins but one can also earn bitcoins by doing some useful work (https://bitcointalk.org/index.php?topic=133055.40). 90% of bitcoins I have are actualy earned that way. People actualy pay for others' work with bitcoins, which then can be exchanged for almost anything. With bitcoins, I have bought full right for a song which I now use in my game. Once game is completed, I will mass-promote it on BitVisitor, Project Fabulous and few other places, with bitcoins. Since number of daily visits will explode, I will most likely go with better webhosting plan, and pay for it with bitcoins. Whatever still BS little nothings offered by kiddies playing at the real world, much of the same can be done with LTC right now. |
