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Title: BTC Is Dropping on BitStamp Post by: seafarer124 on October 02, 2013, 05:33:46 PM What is happening?
Price is dropping fast. BitStamp site is unavailable. Title: Re: BTC Is Dropping on BitStamp Post by: MerchantMiner on October 02, 2013, 05:34:52 PM What is happening? Price is dropping fast. BitStamp site is unavailable. Silk road got busted the owners is arrested , cops seized bitcoin assets Title: Re: BTC Is Dropping on BitStamp Post by: drrussellshane on October 02, 2013, 05:35:09 PM What is happening? Price is dropping fast. BitStamp site is unavailable. Decreased demand due to seizure of Silk Road? Title: Re: BTC Is Dropping on BitStamp Post by: Melbustus on October 02, 2013, 05:35:53 PM What is happening? What has been a likely event for a while happened, and immature, short-term thinking, weak-minded "traders" are over-reacting. Title: Re: BTC Is Dropping on BitStamp Post by: hugolp on October 02, 2013, 05:38:27 PM What is happening? Price is dropping fast. BitStamp site is unavailable. Decreased demand due to seizure of Silk Road? If anything is happening right now is due to speculators and panick users selling, but it was quiet for a big while. Title: Re: BTC Is Dropping on BitStamp Post by: pinger on October 02, 2013, 05:38:36 PM What is happening? What has been a likely event for a while happened, and immature, short-term thinking, weak-minded "traders" are over-reacting. Total speculation, cheap coins again, thanks weak-minded sheeps ;D Title: Re: BTC Is Dropping on BitStamp Post by: seafarer124 on October 02, 2013, 05:40:48 PM What is happening? What has been a likely event for a while happened, and immature, short-term thinking, weak-minded "traders" are over-reacting. I assume their site is overloaded with panic selling. Title: Re: BTC Is Dropping on BitStamp Post by: Xiaoma on October 02, 2013, 06:57:32 PM It is so overloaded orders got $5 to $10 slippage :(
Title: Re: BTC Is Dropping on BitStamp Post by: mccoyspace on October 02, 2013, 07:56:43 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? Title: Re: BTC Is Dropping on BitStamp Post by: Xiaoma on October 02, 2013, 08:34:28 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... Title: Re: BTC Is Dropping on BitStamp Post by: theonewhowaskazu on October 02, 2013, 08:55:07 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. Title: Re: BTC Is Dropping on BitStamp Post by: MoreFun on October 02, 2013, 09:00:35 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. That's market order ;) Title: Re: BTC Is Dropping on BitStamp Post by: theonewhowaskazu on October 02, 2013, 09:01:05 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. That's market order ;) At the very least it caps your slippage. Title: Re: BTC Is Dropping on BitStamp Post by: notme on October 02, 2013, 09:13:52 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. That's market order ;) Unless the low ask is taken before your order hits ;) Title: Re: BTC Is Dropping on BitStamp Post by: Xiaoma on October 02, 2013, 09:35:46 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. That's market order ;) At the very least it caps your slippage. That in english translates to "at the very least prevent you from buying". Try this little experiment: put a market order when price is 90, and a limit order at 95. A few minutes later price is 100 and the market order gets executed, but the limit order will be still there. market order -> slippage, limit order -> no buy Now I don't know if Gox works in a weird way, but this is how it is on bitstamp, market orders get always executed first, and not even all of them. Title: Re: BTC Is Dropping on BitStamp Post by: theonewhowaskazu on October 02, 2013, 11:56:49 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. That's market order ;) At the very least it caps your slippage. That in english translates to "at the very least prevent you from buying". Try this little experiment: put a market order when price is 90, and a limit order at 95. A few minutes later price is 100 and the market order gets executed, but the limit order will be still there. market order -> slippage, limit order -> no buy Now I don't know if Gox works in a weird way, but this is how it is on bitstamp, market orders get always executed first, and not even all of them. Uh, yea. Thats the entire point of a limit order. Try this little experiment: Put a market order when price is $90, and then something weird happens and the price goes up to $200 (theoretically, I'm not saying this'll actually happen). Suddenly you are getting a "bad" price. Or, if you had put your limit, at someplace somewhat reasonable, like $100, you would maybe have gotten a good at a good price, while not getting any screwy rip-off prices for the rest. Title: Re: BTC Is Dropping on BitStamp Post by: smoothie on October 07, 2013, 07:21:08 AM And we are basically back to where we were before the news of SR being shutdown was announced.
Title: Re: BTC Is Dropping on BitStamp Post by: johnmatrix on October 07, 2013, 08:47:23 AM When something bad happen and make the bitcoin price to crash, the recovery is every time more faster than the previous one, the first ones took over a week or more, this time it took only two days, there will be the time when nobody will panic with such news and the price will remain the same.
Title: Re: BTC Is Dropping on BitStamp Post by: Xiaoma on October 07, 2013, 09:00:10 PM It is so overloaded orders got $5 to $10 slippage :( why are you using market orders? When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic... You can always limit order above market price. That's market order ;) At the very least it caps your slippage. That in english translates to "at the very least prevent you from buying". Try this little experiment: put a market order when price is 90, and a limit order at 95. A few minutes later price is 100 and the market order gets executed, but the limit order will be still there. market order -> slippage, limit order -> no buy Now I don't know if Gox works in a weird way, but this is how it is on bitstamp, market orders get always executed first, and not even all of them. Uh, yea. Thats the entire point of a limit order. Try this little experiment: Put a market order when price is $90, and then something weird happens and the price goes up to $200 (theoretically, I'm not saying this'll actually happen). Suddenly you are getting a "bad" price. Or, if you had put your limit, at someplace somewhat reasonable, like $100, you would maybe have gotten a good at a good price, while not getting any screwy rip-off prices for the rest. Why in hell would you want to end up with your USD still in your account after the price raise $30 and your limit orders still untouched (and obsolete)? I really don't get what you gain from waiting that price is back to the high levels as before the crash... Unless you don't want to have cheap coins, people have strange fetish. ??? |