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Title: 15,000 BTC sell order Post by: R- on April 10, 2012, 04:00:07 PM Somebodies going short..maybe they have no faith in 4/20 :o
http://gyazo.com/d16b4c627cfe0667fab5001741bb0485 http://gyazo.com/d16b4c627cfe0667fab5001741bb0485 Title: Re: 15,000 BTC sell order Post by: SkRRJyTC on April 10, 2012, 04:20:21 PM Today's candle could be forming a bearish hammer right now...
Title: Re: 15,000 BTC sell order Post by: proudhon on April 10, 2012, 06:14:06 PM Today's candle could be forming a bearish hammer right now... Oh no! http://i43.tinypic.com/kb9a4y.jpg Title: Re: 15,000 BTC sell order Post by: Crypt_Current on April 10, 2012, 06:52:25 PM lulz, awesome
Title: Re: 15,000 BTC sell order Post by: miscreanity on April 10, 2012, 06:53:56 PM Looks like price capping, not an attack - yet.
Title: Re: 145k BTC sell order(s) Post by: RyNinDaCleM on April 10, 2012, 10:50:41 PM Title: Re: 145k BTC sell order(s) Post by: notme on April 10, 2012, 10:57:24 PM Sell, sell, sell! Title: Re: 145k BTC sell order(s) Post by: miscreanity on April 10, 2012, 11:00:57 PM What the hell is that? JP Bitcoinica (https://bitcointalk.org/index.php?topic=75253.0) capping price; demoralization tactics. Probably to be followed by a push down, scaring or forcing poorly-positioned leverage players out. Title: Re: 145k BTC sell order(s) Post by: RyNinDaCleM on April 10, 2012, 11:03:41 PM Sell, sell, sell! Pretty much! I just didn't want to break any imposed "posting guidelines". @miscreanity Lol JP Bitcoinica Title: Re: 145k BTC sell order(s) Post by: notme on April 10, 2012, 11:04:09 PM Sell, sell, sell! Pretty much! I just didn't want to break any imposed "posting guidelines". @miscreanity Lol JP Bitcoinica What if it's not a joke.... Title: Re: 145k BTC sell order(s) Post by: RyNinDaCleM on April 10, 2012, 11:07:06 PM Sell, sell, sell! Pretty much! I just didn't want to break any imposed "posting guidelines". @miscreanity Lol JP Bitcoinica What if it's not a joke.... It would still a funny branding of Bitcoinica! Title: Re: 15,000 BTC sell order Post by: proudhon on April 11, 2012, 12:08:17 AM I'm scared.
Title: Re: 15,000 BTC sell order Post by: FreeMoney on April 11, 2012, 12:13:32 AM Why is there only 10k on the buy side? Where is all of the natural sell side? Someone shopped this and did it that badly?
Title: Re: 15,000 BTC sell order Post by: notme on April 11, 2012, 12:20:51 AM Why is there only 10k on the buy side? Where is all of the natural sell side? Someone shopped this and did it that badly? It's bitcoinica's book: http://btccharts.com/#m=btca-BTC-USD Title: Re: 15,000 BTC sell order Post by: Crypt_Current on April 11, 2012, 12:22:53 AM To their credit, the Bitcoinica order book is relatively new and probably far from perfect.
Title: Re: 15,000 BTC sell order Post by: bb113 on April 11, 2012, 12:25:31 AM I don't understand what this means at all. Is someone committed to selling all those coins?
Title: Re: 15,000 BTC sell order Post by: notme on April 11, 2012, 12:31:01 AM I don't understand what this means at all. Is someone committed to selling all those coins? If MtGox bids moves that high, Bitcoinica will begin to selling into those bids 50 BTC at a time until they are gone. Title: Re: 15,000 BTC sell order Post by: bb113 on April 11, 2012, 12:47:55 AM So is it possible to suddenly buy mt gox asks out to, lets say, $5 then force the bitcoinica asks to pay 5$ each?
Title: Re: 15,000 BTC sell order Post by: notme on April 11, 2012, 12:53:35 AM So is it possible to suddenly buy mt gox asks out to, lets say, $5 then force the bitcoinica asks to pay 5$ each? If you buy up to $5, you might get bids that high and then the Bitcoinica sellers will get more USD for their BTC. Title: Re: 15,000 BTC sell order Post by: Cory on April 11, 2012, 12:54:26 AM We don't have a mechanism of removing unfunded orders at the moment, because in our system, we only process the order when the price reaches the trigger, including the margin assessment. We didn't previously open our order book to the public so that was not part of our consideration. It's not a bug, but it does affect the usefulness of the data. Currently we're in a process of rewriting our matching algorithm to make everything faster and more sensible. We admit that our current algorithm isn't that suitable for a large-scale trading platform like what we are now. It was designed for thousands of dollars of trade per day. Quote from: https://www.bitcoinica.com/pages/order_book Limit orders only. This is not a reference for real market liquidity as margin assessment has not been performed. Title: Re: 15,000 BTC sell order Post by: bb113 on April 11, 2012, 01:05:05 AM So is it possible to suddenly buy mt gox asks out to, lets say, $5 then force the bitcoinica asks to pay 5$ each? If you buy up to $5, you might get bids that high and then the Bitcoinica sellers will get more USD for their BTC. Yea, I confused myself. Title: Re: 15,000 BTC sell order Post by: notme on April 11, 2012, 01:06:18 AM We don't have a mechanism of removing unfunded orders at the moment, because in our system, we only process the order when the price reaches the trigger, including the margin assessment. We didn't previously open our order book to the public so that was not part of our consideration. It's not a bug, but it does affect the usefulness of the data. Currently we're in a process of rewriting our matching algorithm to make everything faster and more sensible. We admit that our current algorithm isn't that suitable for a large-scale trading platform like what we are now. It was designed for thousands of dollars of trade per day. Quote from: https://www.bitcoinica.com/pages/order_book Limit orders only. This is not a reference for real market liquidity as margin assessment has not been performed. Good call... I can make walls too now :). I want lots of BTC at 4.5... Title: Re: 15,000 BTC sell order Post by: Spekulatius on April 11, 2012, 01:23:06 AM BOY!
Does really no one double check against another source??? Do you really believe everything blindly that u read in this forum? (got a little message for u: secret rocket is taking off! Get on board NOW!!! :D :D) Take a look at mtgoxlive.com and then reconsider. hint: http://www.imagehut.us/graphic/2012/April/10/325643-Unbenannt.gif (http://www.imagehut.us/share/325643-Unbenannt.gif) Title: Re: 15,000 BTC sell order Post by: notme on April 11, 2012, 01:25:03 AM Good call... I can make walls too now :). I want lots of BTC at 4.5... and ?http://dl.dropbox.com/u/176027/Screenshot%20at%202012-04-10%2021:17:38.png Title: Re: 15,000 BTC sell order Post by: RyNinDaCleM on April 11, 2012, 01:34:12 AM http://dl.dropbox.com/u/176027/Screenshot%20at%202012-04-10%2021:17:38.png so what you put a order that wont be checked until reach said price big deal you can go until 999 999 999 999 I thought it was kinda funny. :-\ Title: Re: 15,000 BTC sell order Post by: notme on April 11, 2012, 01:38:32 AM BOY! ITT bitcoinica put all orders on mtgox and dont use a live trading botDoes really no one double check against another source??? Do you really believe everything blindly that u read in this forum? (got a little message for u: secret rocket is taking off! Get on board NOW!!! :D :D) Take a look at mtgoxlive.com and then reconsider. hint: http://www.imagehut.us/share/325643-Unbenannt.gif http://www.imagehut.us/graphic/2012/April/10/325643-Unbenannt.gif http://dl.dropbox.com/u/176027/Screenshot%20at%202012-04-10%2021:17:38.png so what you put a order that wont be checked until reach said price big deal you can go until 999 999 999 999Right, I'm just demonstrating how worthless this data is. Title: Re: 15,000 BTC sell order Post by: bb113 on April 11, 2012, 12:05:13 PM I don't understand what this means at all. Is someone committed to selling all those coins? If MtGox bids moves that high, Bitcoinica will begin to selling into those bids 50 BTC at a time until they are gone. The price went over $4.85 on gox and nothing happened. Did you mean if the bitcoinica bids move up to $4.85? Title: Re: 15,000 BTC sell order Post by: R- on April 11, 2012, 04:01:35 PM Now it appears there is a 50k sell order ???
Title: Re: 15,000 BTC sell order Post by: marked on April 11, 2012, 08:29:44 PM that order is not fake post about how fake are big order on bitconica go below from the bitcoinica order book, which I have given all hope on ever understanding btc/usd bids $4.93 300000.0 15 300000.0 btc/usd asks .. $4.85 14450.0 1 15250.0 $4.87 50015.0 4 65265.0 .. $4.90 80123.1 10 145456.1 .. marked Title: Re: 15,000 BTC sell order Post by: proudhon on April 11, 2012, 08:51:09 PM that order is not fake post about how fake are big order on bitconica go below from the bitcoinica order book, which I have given all hope on ever understanding btc/usd bids $4.93 300000.0 15 300000.0 btc/usd asks .. $4.85 14450.0 1 15250.0 $4.87 50015.0 4 65265.0 .. $4.90 80123.1 10 145456.1 .. marked I don't really get it either. I mean, WTF? http://i43.tinypic.com/30dil2s.png Title: Re: 15,000 BTC sell order Post by: miscreanity on April 11, 2012, 10:09:37 PM JP Bitcoinica (http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401) plays both sides of the field for maximum win (https://bitcointalk.org/index.php?topic=75885.0).
If you're leveraged (https://bitcointalk.org/index.php?topic=75253.0), you'll probably lose. Title: Re: 15,000 BTC sell order Post by: Spekulatius on April 11, 2012, 10:43:39 PM Have u considered, that there COULD be something wrong with btccharts.com (http://btccharts.com) ??
Title: Re: 15,000 BTC sell order Post by: proudhon on April 12, 2012, 03:39:02 AM Have u considered, that there COULD be something wrong with btccharts.com (http://btccharts.com) ?? Yeah, this can't be right. Title: Re: 15,000 BTC sell order Post by: zhoutong on April 12, 2012, 05:30:51 AM Bitcoinica order book is not used for matching. We only consider Mt. Gox prices for order execution.
The order book is provided for no purpose. Title: Re: 15,000 BTC sell order Post by: RyNinDaCleM on April 12, 2012, 01:44:37 PM Bitcoinica order book is not used for matching. We only consider Mt. Gox prices for order execution. The order book is provided for no purpose. Have you checked out btccharts.com/#m=btca-BTC-USD (http://btccharts.com/#m=btca-BTC-USD)? Is it an accurate representation of your book? Not that it really matters since orders aren't checked until time of execution anyway, so it's easily gamed. Title: Re: 15,000 BTC sell order Post by: zhoutong on April 12, 2012, 02:18:37 PM Bitcoinica order book is not used for matching. We only consider Mt. Gox prices for order execution. The order book is provided for no purpose. Have you checked out btccharts.com/#m=btca-BTC-USD (http://btccharts.com/#m=btca-BTC-USD)? Is it an accurate representation of your book? Not that it really matters since orders aren't checked until time of execution anyway, so it's easily gamed. It shouldn't be. We have mentioned again and again that you shouldn't use this order book for any trading decisions. They do not represent the actual liquidity. We have always been processing orders in this manner, since the launch of the service. We had reasons to hide the order book from the public, and one of them is to avoid confusion. However, since so many people are asking for transparency, we just release our raw data to the public. (Actually in the back end, we don't really have such a nice sorted order book. In fact, I didn't even try to see aggregate orders from our customers before the order book is public.) We *may* improve the data quality in the future, but that's not our priority. If you don't know how to use the data or don't trust it, just pretend it isn't available at all. To put it simply: We are giving you the equal access to the data that we have, even though it could be useless for trading. Title: Re: 15,000 BTC sell order Post by: disclaimer201 on April 12, 2012, 02:52:25 PM so u dint read my warning thread ? Didn't you get that memo???!! ;-) Title: Re: 15,000 BTC sell order Post by: RyNinDaCleM on April 12, 2012, 03:38:30 PM Bitcoinica order book is not used for matching. We only consider Mt. Gox prices for order execution. The order book is provided for no purpose. Have you checked out btccharts.com/#m=btca-BTC-USD (http://btccharts.com/#m=btca-BTC-USD)? Is it an accurate representation of your book? Not that it really matters since orders aren't checked until time of execution anyway, so it's easily gamed. It shouldn't be. We have mentioned again and again that you shouldn't use this order book for any trading decisions. They do not represent the actual liquidity. We have always been processing orders in this manner, since the launch of the service. We had reasons to hide the order book from the public, and one of them is to avoid confusion. However, since so many people are asking for transparency, we just release our raw data to the public. (Actually in the back end, we don't really have such a nice sorted order book. In fact, I didn't even try to see aggregate orders from our customers before the order book is public.) We *may* improve the data quality in the future, but that's not our priority. If you don't know how to use the data or don't trust it, just pretend it isn't available at all. To put it simply: We are giving you the equal access to the data that we have, even though it could be useless for trading. Thanks Zhou! so u dint read my warning thread ? Didn't you get that memo???!! ;-) Me? Wat U crazy? :) I know not to use the bitcoinica order book to trade on. I don't really even trade on bitcoinica, so I definitely wouldn't use their book. I just thought it was interesting to see 145k of orders in a 1¢ range, with only 10k down to $2.00. Title: Re: 15,000 BTC sell order Post by: R- on April 12, 2012, 03:40:57 PM Bitcoinica order book is not used for matching. We only consider Mt. Gox prices for order execution. The order book is provided for no purpose. Have you checked out btccharts.com/#m=btca-BTC-USD (http://btccharts.com/#m=btca-BTC-USD)? Is it an accurate representation of your book? Not that it really matters since orders aren't checked until time of execution anyway, so it's easily gamed. It shouldn't be. We have mentioned again and again that you shouldn't use this order book for any trading decisions. They do not represent the actual liquidity. We have always been processing orders in this manner, since the launch of the service. We had reasons to hide the order book from the public, and one of them is to avoid confusion. However, since so many people are asking for transparency, we just release our raw data to the public. (Actually in the back end, we don't really have such a nice sorted order book. In fact, I didn't even try to see aggregate orders from our customers before the order book is public.) We *may* improve the data quality in the future, but that's not our priority. If you don't know how to use the data or don't trust it, just pretend it isn't available at all. To put it simply: We are giving you the equal access to the data that we have, even though it could be useless for trading. Interesting. Zhou, can you please explain how you hedge yourself against risk when people take leveraged bets? |
