Bitcoin Forum

Economy => Speculation => Topic started by: theta on February 10, 2014, 12:05:52 PM



Title: What happened at Asia Nexgen?
Post by: theta on February 10, 2014, 12:05:52 PM
It's now top of the list at bitcoincharts.com/markets after 1.5m BTC in transactions for the last 24h and last price is 140HKD (that's less than $20). Bid and offer is around 5000HKD though so it seems someone dumped a HUGE amount and then the exchange halted? Any more colour there?


Title: Re: What happened at Asia Nexgen?
Post by: Tzupy on February 10, 2014, 12:52:36 PM
Holy shit! 53% of market share overnight! And at 20$ / bitcoin ?  :o
Those coins sold so low will be transferred and dumped onto western exchanges. I'm not buying back anytime soon.


Title: Re: What happened at Asia Nexgen?
Post by: Bitbuy on February 10, 2014, 12:58:28 PM
Holy shit! 53% of market share overnight! And at 20$ / bitcoin ?  :o
Those coins sold so low will be transferred and dumped onto western exchanges. I'm not buying back anytime soon.

Arbitrage all the way...now is indeed not the time to buy back (yet)


Title: Re: What happened at Asia Nexgen?
Post by: theta on February 10, 2014, 03:55:52 PM
apparently the USD version of the exchange traded as low as $0.01 ?!?
And 800k BTC total traded?


Title: Re: What happened at Asia Nexgen?
Post by: licutis on February 10, 2014, 03:57:19 PM
They started doge coin trading today, those trades are showing up in their BTC ticker. I haven't checked their API to see if its their fault or some market data providers using out of date API.


Title: Re: What happened at Asia Nexgen?
Post by: Gabi on February 10, 2014, 04:07:47 PM
Same question, why Asia Nexgen suddenly appeared from nowhere?


Title: Re: What happened at Asia Nexgen?
Post by: Kenshin on February 10, 2014, 04:12:56 PM
Same question, why Asia Nexgen suddenly appeared from nowhere?

They didn't suddenly appeared from nowhere https://bitcointalk.org/index.php?topic=262091.0