bitcool (OP)
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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December 25, 2012, 04:17:15 AM |
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The title says it all .... just curious.  |
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ATC777
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December 25, 2012, 04:56:27 AM |
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The title says it all .... just curious. It's probably just some quote-stuffing. It's bound to happen on Bitcoin exchanges as there's probably no mechanisms in place (like stock exchanges have) to prevent it. |
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creativex
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December 25, 2012, 05:00:10 AM |
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The sell orders are from .00589 to .0063. What's the problem?
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bitcool (OP)
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Activity: 1441
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Live and enjoy experiments
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December 25, 2012, 07:50:40 PM |
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The sell orders are from .00589 to .0063. What's the problem?
The problem is currently those visible orders total around 125K, a tenth of the amount on sale indicated by "Total LTC" amount. They probably have a few more millions reserve in LTCs that are not being put up for sale as active orders.  |
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creativex
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December 25, 2012, 08:23:55 PM |
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The sell orders are from .00589 to .0063. What's the problem?
The problem is currently those visible orders total around 125K, a tenth of the amount on sale indicated by "Total LTC" amount. They probably have a few more millions reserve in LTCs that are not being put up for sale as active orders. Still don't see the problem. I list assets for sale all the time at rates well above market just in case the market moves into my position while I'm not available to monitor the action. We just passed a period in which LTC mining was significantly more profitable than BTC mining and people are swapping back and forth. |
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K1773R
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Activity: 1792
Merit: 1008
/dev/null
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December 25, 2012, 08:48:19 PM |
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"I will go mine LTC for 1 week while difficulty is 20 than drop out of mining for 2+ weeks while difficulty is 40. I will sell earned LTC
for as much as 40 didn't happened. I will make 2 times more money than if I mined BTC in that 1 week! I'm so smart, it's amazing!"
Unfortunately for you, retards, most buyers are obviously not retards.
hey, how u dare to tell others my mining tricks?  |
[GPG Public Key]BTC/DVC/TRC/FRC: 1 K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM A K1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: N K1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: L Ki773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: E K1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: b K1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
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AlexNeto
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December 25, 2012, 09:23:32 PM |
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And What's going to happen to the 1600BTC on btc-e LTC/BTC order book?  |
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420
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December 26, 2012, 12:12:30 AM |
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13mil LTC exist so yes btc-e probably has millions
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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bitcool (OP)
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Activity: 1441
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Live and enjoy experiments
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December 26, 2012, 06:50:08 PM |
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parking so much money in open orders, either a very smart strategy, or it's incredibly stupid.
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smoothie
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Activity: 2492
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LEALANA Bitcoin Grim Reaper
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December 26, 2012, 08:34:58 PM |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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420
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December 26, 2012, 09:19:48 PM |
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but bitparking is finally getting some volume lol https://ltcexchange.bitparking.com |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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ATC777
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December 27, 2012, 12:57:45 AM |
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I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...
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420
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December 27, 2012, 01:00:15 AM |
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I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...
what type of quote stuffing |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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ATC777
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December 27, 2012, 01:22:45 AM |
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I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...
what type of quote stuffing It just sounds like typical sell-side stuffing to me... flooding the book with a bunch of meaningless sell orders to suppress prices, cancelling them and re-submitting them. Very few (or none) of them ever get filled. JP Morgan, the Fed and other institutions are notorious for doing this in the gold and silver markets -- since the inception of the SLV and GLD they love targeting the options. |
Epic Coinage -- Gold, Silver, Bitcoin, Exchange, Apparel, Electronics and more! Check the official trade thread for full list of products and services! Tips :: 13M9QLc5BDQe2iuB1N3Br58fYvJF5ixihT
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smoothie
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Activity: 2492
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LEALANA Bitcoin Grim Reaper
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December 27, 2012, 01:31:05 AM |
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wow a whole 250 LTC?  |
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²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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420
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January 01, 2013, 09:39:05 PM |
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1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange.  the market decides if it's overpriced. |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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bitcool (OP)
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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January 01, 2013, 10:12:42 PM |
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1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange. you made your point:  |
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bitcool (OP)
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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January 01, 2013, 10:25:22 PM |
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Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused. |
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SAC
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January 02, 2013, 01:25:05 AM |
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Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused. The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up. |
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