BTCe action today

[techgeek]

If you find this news, i dont know what to say.

Btc-e has a long track record not only that exchange but most exchange have price manipulation. But, it depends on the level of manipulation, like how mt.gox did it back in the day was with phantom deposits, which can be doing as well.

[dannyspk]

I enjoy it when Bitcoin does crazy things. Feels like the good old days. 

Couldn't have said it better myself.

[ensurance982]

If you find this news, i dont know what to say.

Btc-e has a long track record not only that exchange but most exchange have price manipulation. But, it depends on the level of manipulation, like how mt.gox did it back in the day was with phantom deposits, which can be doing as well.

But this is quite a big rally, also it's already the second rally today, even! How do you think they're doing it, actually? If they were outright buying BTC with 'phantom' amounts of FIAT, they'd be guaranteed to go under in the future. I don't think you'd want to get yourself in a fractional-reserve position deliberately as an exchange(!) Just take a loot at "It's a wonderful life"!

[randy8777]

what's up with btc-e it's going up much higher than other exchanges. do they know something we don't? in this rate it can easily reach $300

[teramit]

i just wonder why buyer is doing this on btc-e
if he tries this at bitfinex probably collects with better margin.
any other big exchange has more usd volume so more sell walls.
is there anything special at btc-e that others dont have ? i dont think so, it is worst exchange for a pump or collecting bitcoin especially at these volumes.

[WiiD]

I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E

[teramit]

I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E

and people comes with btc that have been bought from other exchanges then price falls, not a good finance strategy with one of the most arbitrageable thing on this universe.

[randy8777]

I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E

don't think so as a smart trader knows it will get dumped down directly. they are not trading to lose money. traders on other exchanges don't follow btc-e. most people look at bitfinex or bitstamp.

[coinableS]

If it were a whale or small group I still can't believe that someone had that much fiat on btc-e. I saw the price go up over $260 and thought there was some news that I missed, just turned out to be btc-e craziness. Was it the magical bullwhale that buys are large amount at market price to pump the price? Seems really odd though, if it were insider knowledge they would have been more stealthy to get more BTC at a lower price.

[darlidada]

If it were a whale or small group I still can't believe that someone had that much fiat on btc-e. I saw the price go up over $260 and thought there was some news that I missed, just turned out to be btc-e craziness. Was it the magical bullwhale that buys are large amount at market price to pump the price? Seems really odd though, if it were insider knowledge they would have been more stealthy to get more BTC at a lower price.

it looked more like people trying to get their fiat out of btce. lets hope btce doesnt end as http://www.libertyreserve.com/index.html

[coinableS]

If it were a whale or small group I still can't believe that someone had that much fiat on btc-e. I saw the price go up over $260 and thought there was some news that I missed, just turned out to be btc-e craziness. Was it the magical bullwhale that buys are large amount at market price to pump the price? Seems really odd though, if it were insider knowledge they would have been more stealthy to get more BTC at a lower price.

it looked more like people trying to get their fiat out of btce. lets hope btce doesnt end as http://www.libertyreserve.com/index.html

Yea it does, why else pay so much over spot price?
Hope that's not the case, I've always been a fan of BTC-e

[ajareselde]

The pump always starts @ china, so if i wanted to buy shitload of btc without raising the price much i would buy exactly @ btc-e, because people will ignore it
most of the time. Doesnt this sound like a reasonable explanation ?

cheers

[tokeweed]

The pump always starts @ china, so if i wanted to buy shitload of btc without raising the price much i would buy exactly @ btc-e, because people will ignore it
most of the time. Doesnt this sound like a reasonable explanation ?

cheers

Could be.  But if another Willy was unleashed at BTCe, I'm pretty sure China is watching right now.  The thing is be always ready.  

[diodio1]

The pump always starts @ china, so if i wanted to buy shitload of btc without raising the price much i would buy exactly @ btc-e, because people will ignore it
most of the time. Doesnt this sound like a reasonable explanation ?

cheers

Could be.  But if another Willy was unleashed at BTCe, I'm pretty sure China is watching right now.  The thing is be always ready.  

or may be china is doing it, china is big player behind bitcoin pumps
it can be good for bitcoin if price rise but wrost if btc-e scam

[cryptocult live]

I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E

and people comes with btc that have been bought from other exchanges then price falls, not a good finance strategy with one of the most arbitrageable thing on this universe.

to be fair : the other exchanges followed and price is now several dollars up. I think it was quite a good idea to pump btc-e in the bigger picture. We should maybe all start buying on btc-e to get a little bullrun started? Orderbook is very thin and other exchanges follow. Makes sense to me. Also in case the pumper had 20x on margin long on okcoin or was trading on margin long position he could have made a handsome amount of money.

[Torque]

Yep, major short squeeze.  Someone probably did it just for the lulz.

Shorts are playing Russian roulette right now, the big guns will come in to ruin their day.

Margin longs are equally as vulnerable.

[Dps23]

I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E

and people comes with btc that have been bought from other exchanges then price falls, not a good finance strategy with one of the most arbitrageable thing on this universe.

to be fair : the other exchanges followed and price is now several dollars up. I think it was quite a good idea to pump btc-e in the bigger picture. We should maybe all start buying on btc-e to get a little bullrun started? Orderbook is very thin and other exchanges follow. Makes sense to me. Also in case the pumper had 20x on margin long on okcoin or was trading on margin long position he could have made a handsome amount of money.

OKcoin and 796 are tricky
. I played and lost lot of money. you cannot go down more than 80% or something on 796 - I mean when you use  high margin - and when you have big position like hundreds of bitcoins in the blink of an eye you loose all, just a 1-2 usd down and you loose all margin, all money which you bet, simply ALL, read their conditions....

[randy8777]

for once btc-e was the leader in volume and price. great day for the owners as the volume was much higher than normal. they made a nice amount.

[1Referee]

I wonder how many people cashed out their Bitcoins from exchanges like Bitstamp and Bitfinex to sell them at BTC-E.

After their deposit posted on BTC-E the price was back to normal and these people got upset 

[Natalia_AnatolioPAMM]

They probably did it themselves to generate volume. More trades = more fees and it makes up for the amount spent in pumping.

agreed! the only reason of a pump

Nah, don't think so. It's very difficult to control how fake buys/sells work out. You, as an exchange, could end up losing quite a bit by trying this. The most reasonable explanation is still, unfortunately, that there'll be a ban of some kind. Or maybe manipulation to create a short squeeze: https://bitcointalk.org/index.php?topic=1040020.0

but that's more an exception, not the rule!