What he hell happened on bitstamp last night?!

[_mr_e]

Apparently it hit $200 last night??? What the shit!?

http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv

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[mccorvic]

Wow! Surprised no one else noticed yet  

With volume being so low I assume it was someone who either meant to place a large bid but hit buy instead or didn't know they were supposed to.

[oakpacific]

Wow! Surprised no one else noticed yet  

With volume being so low I assume it was someone who either meant to place a large bid but hit buy instead or didn't know they were supposed to.

The volume wasn't really quite low. Maybe it's rpietila.

[damnek]

Nobody actually paid that much. You can set a limit bid at any price, and that limit shows up in the charts..

[kiko]

Why would stops/limits show up in a price chart? that makes no sense if nothing got filled at that price. Has to be a glitch in the api engine.

[empoweoqwj]

Nobody actually paid that much. You can set a limit bid at any price, and that limit shows up in the charts..

No they don't. It has to be a real trade to show up. Someone hit the wrong button 

[kiko]

Wah? You mean that was actually a legit fat finger trade?

The numbers don't add up for a size/price switcheroo (300 @ $200) as the reverse is even worse.

Would the real fat finger please stand up!

Now I'm thinking someone got their account hacked, maybe the hacker realized he couldn't withdraw the coin so just spiked the price for the lulz.

[Digikeys]

damnek is right, I've seen it happen.

If you watch the orderbook on Bitstamp you can see when someone places a limit bit above/below what the market is asking. Sometimes this makes it's way through to the API and shows up on the chart.

It happened with $150 as well even tho it never hit.

[dg2010]

damnek is right, I've seen it happen.

If you watch the orderbook on Bitstamp you can see when someone places a limit bit above/below what the market is asking. Sometimes this makes it's way through to the API and shows up on the chart.

It happened with $150 as well even tho it never hit.

Surely this is a serious problem then?

It opens the possibility of gaming the market by inserting non-existent trades into the charts and skewing the data.

[RodeoX]

Surely this is a serious problem then?

It opens the possibility of gaming the market by inserting non-existent trades into the charts and skewing the data.

Hmm.  your right. You clever evil bastard.