Bogart (OP)
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Activity: 966
Merit: 1000
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October 27, 2012, 01:33:14 AM |
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It looks like someone just made 2 huge market orders on btc-e, a buy then a sell, on LTC/USD: http://www.ltc-charts.com/period-charts.php?period=10-days&resolution=hour&pair=ltc-usd&market=btc-eLook at the volume. Around 250k LTC each, or around $20,000 in USD. Why would anyone do that and take the huge loss from buying high and then selling low? I have also noticed that as the BTC price has been falling over the last few days, btc-e always led the decline, with mtgox trailing (perhaps as arbitration bots evened things out). Something seems fishy here. I'm not quite declaring that btc-e is hacked yet, but it's kind of looking that way to me.
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"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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Sitarow
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Activity: 1792
Merit: 1047
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October 27, 2012, 01:37:45 AM |
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Well they purchased the LTC with BTC
and the seller of the LTC cashed in the BTC on MTGOX.
Simple no?
Well apart from the potential for ...... Your guess goes here.....
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Yuhfhrh
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October 27, 2012, 01:55:21 AM |
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It was most likely a compromised account imo
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Bogart (OP)
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Activity: 966
Merit: 1000
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October 27, 2012, 01:56:12 AM |
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wat?
I see what looks like 2 transactions on btc-e. First is someone buying about 230,000 LTC with USD at "market price", paying as high as $0.16 per until the order is filled. Then maybe an hour later, someone sells a huge amount of LTC (slightly more than 230,000) in exchange for USD, again at the "market price", accepting as little as $0.01 per.
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"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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Yuhfhrh
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October 27, 2012, 01:57:31 AM |
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wat?
I see what looks like 2 transactions on btc-e. First is someone buying about 230,000 LTC with USD at "market price", paying as high as $0.16 per until the order is filled. Then maybe an hour later, someone sells a huge amount of LTC (slightly more than 230,000) in exchange for USD, again at the "market price", accepting as little as $0.01 per.
Which is why I assume someone's account got hacked.
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Bogart (OP)
Legendary
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Activity: 966
Merit: 1000
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October 27, 2012, 01:57:58 AM |
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It was most likely a compromised account imo
One with quite some sizable assets, if so. Kind of reminds me of something: http://leanback.eu/bitcoin/plots/20110619195756-mtgox.png
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"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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nomnomnom
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October 27, 2012, 02:20:37 AM |
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btc-e is weird. The last time it is always trading well below mtgox, for example right now price there is 9.35 USD / BTC. I don't understand
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jasinlee
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October 27, 2012, 02:22:47 AM |
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btc-e is weird. The last time it is always trading well below mtgox, for example right now price there is 9.35 USD / BTC. I don't understand btc-e predicts mtgox's future.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 27, 2012, 06:56:41 AM |
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btc-e is weird. The last time it is always trading well below mtgox, for example right now price there is 9.35 USD / BTC. I don't understand btc-e predicts mtgox's future. Only during a downtrend.
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Jack1Rip1BurnIt
Sr. Member
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Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
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October 27, 2012, 07:36:28 AM |
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btc-e is weird. The last time it is always trading well below mtgox, for example right now price there is 9.35 USD / BTC. I don't understand btc-e predicts mtgox's future. Only during a downtrend. Exactly. You will never see btc-e price of bitcoins be more than mtgox price.
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Successful trades with bels, misterbigg, ChrisNelson, shackleford, geniusboy91, and Isokivi.
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Comodore
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October 27, 2012, 09:56:02 AM |
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Lol, you are new to bitcoin, aren´t you? BTC-E is sometimes having great records.
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