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Title: What! btc-e leading in volume. Post by: goxed on October 26, 2013, 02:06:43 AM This could be interesting.
Title: Re: What! btc-e leading in volume. Post by: joesmoe2012 on October 26, 2013, 02:15:18 AM Very strange. Guess the Russians are catching on now as well?
Title: Re: What! btc-e leading in volume. Post by: TERA on October 26, 2013, 03:20:05 AM btce has some bots now that do these periodic spurts of hundreds of small trades per second. That's when the volume started. Watch bitcoinity and eventually you'll see what I'm saying.
Title: Re: What! btc-e leading in volume. Post by: joesmoe2012 on October 26, 2013, 05:13:15 AM Seems like there was alot of selling pressure earlier on btc-e. Guess it's easy enough to withdraw there.
Title: Re: What! btc-e leading in volume. Post by: derpinheimer on October 26, 2013, 05:55:02 AM Seems fake. Cant have 40k volume on that depth..
Or is BTC-E the one with dark pools or whatever its called? Title: Re: What! btc-e leading in volume. Post by: joesmoe2012 on October 26, 2013, 06:07:45 AM Seems fake. Cant have 40k volume on that depth.. Or is BTC-E the one with dark pools or whatever its called? I don't think they have dark pools, but I also have never heard reports in the past of them faking volume. Title: Re: What! btc-e leading in volume. Post by: MAbtc on October 26, 2013, 06:15:35 AM I trade there. The walls are usually fake, but sometimes, they get market ordered through before they can be pulled. That's fun to watch. Seen it happen several times the past couple days. Does seem a bit high though. 25k wouldn't have surprised me, though.
Title: Re: What! btc-e leading in volume. Post by: Walsoraj on October 26, 2013, 06:16:10 AM Most of the volume on BTCe is the owners, or their close friends, trading with themselves at zero fees.
Title: Re: What! btc-e leading in volume. Post by: joesmoe2012 on October 26, 2013, 07:12:32 AM There also seems to be a large amount of LTC volume there today. 10k+BTC in the BTC/LTC volume, and nearly 10K BTC worth in the LTC/USD market as well.
Title: Re: What! btc-e leading in volume. Post by: Endgame on October 26, 2013, 11:52:36 AM There also seems to be a large amount of LTC volume there today. 10k+BTC in the BTC/LTC volume, and nearly 10K BTC worth in the LTC/USD market as well. This is why their bitcoin volume is so high right now. When litecoin volume on btc-e spikes, it causes extra bitcoin volume on btc-e, as people trade across the various trading pairs of btc/ltc, btc/usd and ltc/usd. Title: Re: What! btc-e leading in volume. Post by: klee on October 26, 2013, 11:55:02 AM Chinese buying LTC
Title: Re: What! btc-e leading in volume. Post by: derpinheimer on October 26, 2013, 04:25:30 PM Really odd, but I guess the only possibility is fake volume [incl. bots gone mad]. No way for 40k on that depth.
Title: Re: What! btc-e leading in volume. Post by: ElectricMucus on October 26, 2013, 04:29:08 PM In times like these triangular arbitrage between LTC/BTC/USD and EUR/USD/BTC can go a long way.
Title: Re: What! btc-e leading in volume. Post by: Walsoraj on October 26, 2013, 04:30:31 PM quoting my brilliant self:
Consider the following scenarios: 1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and 2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders. A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will. This should be common sense. Title: Re: What! btc-e leading in volume. Post by: ArticMine on October 26, 2013, 06:28:34 PM quoting my brilliant self: Consider the following scenarios: 1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and 2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders. A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will. This should be common sense. So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? Title: Re: What! btc-e leading in volume. Post by: Walsoraj on October 26, 2013, 07:31:02 PM quoting my brilliant self: Consider the following scenarios: 1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and 2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders. A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will. This should be common sense. So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. Title: Re: What! btc-e leading in volume. Post by: klee on October 26, 2013, 07:42:49 PM quoting my brilliant self: Consider the following scenarios: 1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and 2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders. A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will. This should be common sense. So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. Title: Re: What! btc-e leading in volume. Post by: phlogistonq on October 26, 2013, 07:47:51 PM I don't think they have dark pools, but I also have never heard reports in the past of them faking volume. I do, however, sometimes get the impression that there are orders in the book that are not listed. Sometimes I make an order, say to buy 10 BTC, filling the top 10 orders in the book and then, to my surprise I find it buys 10 BTC but filling only the top 2 orders, which were never even near 10 BTC total. Bitstamps API was broken for nearly a day, perhaps the BTCe volume is not so much increased, but rather bitstamp has decreased. Or some customers switched. Title: Re: What! btc-e leading in volume. Post by: dree12 on October 26, 2013, 09:23:46 PM It's not that BTC-E volume has gone up, it's that Bitstamp/Gox/BTCChina volume has gone down. BTC-E is catching up in terms of prices, so this is to be expected.
Title: Re: What! btc-e leading in volume. Post by: TERA on October 26, 2013, 11:47:33 PM It's not that BTC-E volume has gone up, it's that Bitstamp/Gox/BTCChina volume has gone down. BTC-E is catching up in terms of prices, so this is to be expected. False. The actual volume number has gone way up, not just the ratio. One day they were doing 8Kbtc per day on average and then it shot up to 20K-45K per day.Title: Re: What! btc-e leading in volume. Post by: dree12 on October 26, 2013, 11:50:35 PM It's not that BTC-E volume has gone up, it's that Bitstamp/Gox/BTCChina volume has gone down. BTC-E is catching up in terms of prices, so this is to be expected. False. The actual volume number has gone way up, not just the ratio. One day they were doing 8Kbtc per day on average and then it shot up to 20K-45K per day.http://bitcoincharts.com/charts/chart.png?width=940&m=btceUSD&SubmitButton=Draw&r=10&i=2-hour&c=0&s=&e=&Prev=&Next=&t=&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0& I do not see anything suspicious in this chart of BTC-E volume over the past few days. This looks very normal to me, given the Bitcoin trend reversal. Title: Re: What! btc-e leading in volume. Post by: TERA on October 27, 2013, 12:00:33 AM The volume increase I mentioned occurred weeks ago. It is not in that chart.
Title: Re: What! btc-e leading in volume. Post by: Walsoraj on October 27, 2013, 01:52:30 AM quoting my brilliant self: Consider the following scenarios: 1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and 2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders. A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will. This should be common sense. So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. Not sure. I didn't actually read anything in this thread, other than the title. Title: Re: What! btc-e leading in volume. Post by: bernard75 on October 27, 2013, 02:20:27 AM Whats so surprising about that?
They are 20%+ below Gox obviously there is some arbitrage trading going on. Title: Re: What! btc-e leading in volume. Post by: derpinheimer on October 27, 2013, 02:46:26 AM Whats so surprising about that? They are 20%+ below Gox obviously there is some arbitrage trading going on. ...arb traders... dont make 20k of volume.. lmao Title: Re: What! btc-e leading in volume. Post by: bernard75 on October 27, 2013, 02:50:35 AM You do understand arbitrage trading?
Its instant cash, the more you invest the larger the profit. On the other hand the rate hasnt moved much. Maybe they are going Chinese style and modifying their API. Title: Re: What! btc-e leading in volume. Post by: derpinheimer on October 27, 2013, 02:52:10 AM You do understand arbitrage trading? Its instant cash, the more you invest the larger the profit. On the other hand the rate hasnt moved much. Maybe they are going Chinese style and modifying their API. There wouldnt be 20k coins on BTC-E to arb. Title: Re: What! btc-e leading in volume. Post by: thoughtfan on October 27, 2013, 11:47:05 AM Just a thought, given btc-e has been top of the volume table for nigh on a day now: OP, How's about changing the title of this thread to Wall Observer: BTC-e wall movement tracker?
I kinda like having mainly headed to the gox wall thread for a year or so now, over the last couple of months flipping between the various wall threads now that the era of gox's dominance appears to be over. It would be nice to have a btc-e one too (unless there's one already I've missed out on)? Title: Re: What! btc-e leading in volume. Post by: DobZombie on October 27, 2013, 03:44:39 PM I trade there. The walls are usually fake, but sometimes, they get market ordered through before they can be pulled. That's fun to watch. Seen it happen several times the past couple days. Does seem a bit high though. 25k wouldn't have surprised me, though. Boris, The Sneaky fucking russian! http://stevenyork.com/files/2313/7496/4297/411405-boris_the_blade.jpg Title: Re: What! btc-e leading in volume. Post by: theonewhowaskazu on October 27, 2013, 08:06:37 PM Russians > Everyone else.
In all seriousness though, the growth in volume probably has more to do with the Altcoin crash than anything else. Title: Re: What! btc-e leading in volume. Post by: byronbb on October 27, 2013, 08:17:20 PM quoting my brilliant self: Consider the following scenarios: 1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and 2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders. A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will. This should be common sense. So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. There is a reason this guy's ignore button glows brightly............ Title: Re: What! btc-e leading in volume. Post by: myself on October 27, 2013, 08:38:35 PM |
