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Author Topic: fast pump ?  (Read 601 times)
OmegaStarScream
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June 24, 2015, 01:20:22 PM
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Couple of hours ago I checked the price on preev.com rates and the price was about 274$~ or something like that , now it's back 250$ suddenly what exactly the cause of those pumps , just some regular exchange websites manipulations ? also what's your expectation till the end of this month ?

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June 24, 2015, 01:28:58 PM
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you mean spike? it coul be a fake spike registered in some exchange, i don't know from which range of exchange preev take his price calculation
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June 24, 2015, 01:39:32 PM
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you mean spike? it coul be a fake spike registered in some exchange, i don't know from which range of exchange preev take his price calculation

I'am not sure what a spike means but Preev.com rates are absolutly and 100% legit as far as I know , using it for over a year now and he take from different sources : LocalBitcoins , Bitfinex , Bitstamp and also BTC-E
I was the only one who saw that price changing ?  Huh

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June 24, 2015, 02:02:53 PM
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As stated, the price data is continually gathered from multiple markets. A weighted average price of these markets is shown by default so essentially what it means is that there is a probability that on one exchanger, large orders could have been executed causing the remaining supply to be sold at higher price and thus drive the numbers up.

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June 24, 2015, 02:42:46 PM
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cant it be just some kind of a bug on the preev, maybe something happened and it showed incorrect prices for a while and then it was fixed

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June 24, 2015, 02:53:39 PM
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cant it be just some kind of a bug on the preev, maybe something happened and it showed incorrect prices for a while and then it was fixed

Most likely yeah since no one really took attention to the price then probably just a little fast bug and I was on the wrong place on the wrong time , haha Grin
thanks for both your answers , closing the topic since i got the needed answers

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