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Title: BTC/USD okcoin.com exchange has flatlined Post by: Eamorr on January 11, 2015, 10:15:22 PM I've never seen it so dead.
No price movement. No volume. Nothing. What is going on? 1 minute candlesticks: http://i57.tinypic.com/l8miq.png 3 minute candlesticks: http://i58.tinypic.com/v3gaag.png And what is this all about: http://www.reddit.com/r/BitcoinMarkets/comments/2s3481/warning_okcoin_litecoin_sells_currently_not/ It's 06:00 in China. If it's still like this in an hour (i.e. at 07:00), I'm tranferring out of okcoin for a couple days. Why is it so dead??? Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: okthen on January 12, 2015, 12:38:06 AM Seems like it's gotten out of the flatness a bit.
But yeah, it's weird. Bot? Anyway, good call on taking your coins/fiat of there. Better keep them off any exchange! Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: NotHatinJustTrollin on January 12, 2015, 01:05:17 AM Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Eamorr on January 12, 2015, 01:18:27 AM I'm out.
Absolutely nothing happening. Took a while to get out with maker-taker, but I'm out now. Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Mieehayii on January 12, 2015, 07:36:33 AM trading exchange is a market, not a casino, I feel it's normal
btw, okcoin is a slaughterhouse?? Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: poncho32 on January 12, 2015, 11:06:41 AM It was strange, from 16:00 to 04:00 there was almost no volume. Since then things have picked up, but I cannot work out why it was flatlining for so long.
Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: r0ach on January 12, 2015, 11:14:02 AM It seems China has discovered a new commodity:
https://drstevebest.files.wordpress.com/2012/01/china-cat-consumption1.jpg Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Q7 on January 12, 2015, 11:16:41 AM Without getting a confirmation or a signal on the direction of bitcoin price movement, people are just hesitant and would rather stay on the sideline.
Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Eamorr on January 12, 2015, 11:18:21 AM It's not as flat today (I had a good sleep last night after staying up till about 1:30 waiting for China to "wake up" - they never did), but there's still nothing happening.
Here's the latest: { buy: '267.97', 24-hour-high: '275.99', last: '267.97', 24-hour-low: '261.42', sell: '268.01', vol: '11671.4982' } A high of 275.99 and a low of 261.42 = no movement. Volume of 11671.49??? Are they taking the pi$$??? You'd get more movement on the gold markets. OK, the market is flat. I can accept that. But the volume figure looks completely made up. Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Eamorr on January 12, 2015, 11:20:17 AM Without getting a confirmation or a signal on the direction of bitcoin price movement, people are just hesitant and would rather stay on the sideline. Why is the exchange reporting such a crazy high volume then? Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: inca on January 12, 2015, 11:22:35 AM OK, the market is flat. I can accept that. But the volume figure looks completely made up. It is pretty common knowledge on here that Chinese exchanges with no fee trading have meaningless volume which is easily faked. High volume attracts clients. Is it any surprise that volume on Chinese exchanges is manipulated higher? Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Eamorr on January 12, 2015, 11:24:12 AM OK, the market is flat. I can accept that. But the volume figure looks completely made up. It is pretty common knowledge on here that Chinese exchanges with no fee trading have meaningless volume which is easily faked. Great. :o Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: poncho32 on January 12, 2015, 11:30:42 AM While OKcoin was flatlining their price was way lower than everywhere else. It's strange arbitrage bots did not take advantage and even out the prices between all exchangs. The price fell on all the other exchanges but none of them went anywhere near as low as OKcoin.
Title: Re: BTC/USD okcoin.com exchange has flatlined Post by: Eamorr on January 12, 2015, 12:26:50 PM While OKcoin was flatlining their price was way lower than everywhere else. It's strange arbitrage bots did not take advantage and even out the prices between all exchangs. The price fell on all the other exchanges but none of them went anywhere near as low as OKcoin. I just assumed it was an inaccurate USD exchange rate. I get my USD/CNY feed from http://rate-exchange.appspot.com/currency?from=CNY&to=USD |
