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Title: Bitstamp, 3677BTC Volume in last 15 mins Post by: Tigggger on March 10, 2017, 01:31:54 PM Now that was either a big spike or my charts went haywire :-)
And now they are all being sold again. Someone's trading bot is about to get a stern telling off I think Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: btcmerich on March 10, 2017, 01:45:03 PM nah , that was one big dildo and it did trigger some panic buys and then some panic sells hahaaha
i do not think the buying that started it was a misstake. It might be the waiting for verdict buys, there is a big chance that ETF is being approved by default today. Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: 1Referee on March 10, 2017, 01:46:41 PM There are a few scenarios possible at this point;
# Mistake # Manipulation # Insider trading, which will result in the price to continue its rush. The latter scenario might be very close. I won't be surprised if someone has taken a large position into Bitcoin before it starts to explode as result of what could be an approved ETF. Insider trading is more often than not a common practice. Perhaps that the usually boring weekends will end up to be more than profitable for traders. ;) Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: Tigggger on March 10, 2017, 01:49:54 PM I'll go with the latter for starting it, then 'mistake' for the follow up with badly programmed trading bots not being able to handle the sudden huge swing.
It was a fun rollercoaster that's for sure Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: Sanugarid on March 10, 2017, 02:15:43 PM I'll go with the latter for starting it, then 'mistake' for the follow up with badly programmed trading bots not being able to handle the sudden huge swing. It was a fun rollercoaster that's for sure We have no more than 8 hours to wait for the ETF decision. So it is better to be patient before buying. Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: btcmerich on March 10, 2017, 02:26:29 PM I'll go with the latter for starting it, then 'mistake' for the follow up with badly programmed trading bots not being able to handle the sudden huge swing. It was a fun rollercoaster that's for sure We have no more than 8 hours to wait for the ETF decision. So it is better to be patient before buying. so we are sure the SEC deadline is today and not on Monday? Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: bitjoin on March 10, 2017, 02:37:31 PM nah , that was one big dildo and it did trigger some panic buys and then some panic sells hahaaha i do not think the buying that started it was a misstake. It might be the waiting for verdict buys, there is a big chance that ETF is being approved by default today. Maybe the buying up wasn't a mistake but the dump down? this seems to happen every few months in bitcoin, is it bots or another whale who doesn't understand the trading platform and just market sells ? Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: btcmerich on March 10, 2017, 02:54:32 PM nah , that was one big dildo and it did trigger some panic buys and then some panic sells hahaaha i do not think the buying that started it was a misstake. It might be the waiting for verdict buys, there is a big chance that ETF is being approved by default today. Maybe the buying up wasn't a mistake but the dump down? this seems to happen every few months in bitcoin, is it bots or another whale who doesn't understand the trading platform and just market sells ? not bad thinking there , i am sure the spike did trigger alot of sell orders. Sell orders that would have been canceled if the account holder was awake looking at the chart Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: york780 on March 10, 2017, 02:56:18 PM 300 mln a week = 3 000 000 : 1183 = 2536 btc extra per week --> this means 8.6 % GROWTH EXTRA PER WEEK!!!! And people still saying that ETF isnt a big deal. ETF aproved = every holder with at least 5 btc is rich af.
Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: teramit on March 10, 2017, 02:56:29 PM its probably trigger orders, some huge holders put market sale at high prices when prices surged to there with a whale it triggered and also triggered other small orders so sum of all orders created big dump and this dump activated some big buy orders as a result we see this graph.
Title: Re: Bitstamp, 3677BTC Volume in last 15 mins Post by: Sniper44 on March 10, 2017, 02:58:45 PM this is one of those times that i am laughing at everyone else specially those in the market who were running around not knowing what to do. i always go long and stay safe :)
shorter's faces should be a nice sight right now. |