Bitcoin spike

[ableorange]

^

[flug]

Britcoin has a non-standard way of matching trades, and a non-intuitive way of entering trades, which is a recipe for wierd trades like that happening. There are so many exchanges out there that work in a certain way.. I don't know why anyone would want to deviate from the norm like this.

[Adam]

Those are the two trades:

Jun 22, 2011, 22:14:01   5000.00000   0.00   
Jun 22, 2011, 22:13:02   500.00000   0.01   

Not exactly a big influence on the real market, just messes with the graphs.  I don't know how the exchange works, but I can't imagine why the exchange would allow purchases so much higher than the actual market rate.  A market order or limit order should always try to match the buyer with the lowest current ask.  Were there just 0 sellers with standing orders so 500 and 5000 were actually the lowest, or is it just people trying to mess with the graph with tiny transactions?

[scribe]

Those are the two trades:

Jun 22, 2011, 22:14:01   5000.00000   0.00   
Jun 22, 2011, 22:13:02   500.00000   0.01   

Probably someone spending a fiver to test the trade-matching algorithm posted here:

http://forum.bitcoin.org/index.php?topic=4984.msg260989#msg260989

(I'm guessing the first trade was for 0.001 BTC, or Britcoin lets you buy 0 bitcoins?)

I've always assumed I'm posting an offer I'd like to deal at, rather than some kind of minimum/maximum level. Seems fairly straightforwards IMHO.