molecular
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Activity: 2772
Merit: 1019
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June 01, 2014, 07:06:40 PM |
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Looks like a Bitfinex sell - 4k volume vs 2k on Bitstamp.
SOme crazy manipulation going on at bitfinex. Looks at the swap offers... Someone bough all the swap, sold coin, now offering swap at 1% a day?? huh?  looks pretty much the same as it looked like 20 minutes ago (before the correction) You missed it. He bought it all up there was a huge buy to .9%. then he switched it over to the selling side - probably hoping people would buy on margin on the dip. it lasted about ~5 mins before everything filled up again (aka he cancelled all the swap and it auto-renewed). what the hell ?!? I see it now:  all the USD swap offers cleared. demand ultra-high. yeah I can't figure out this whales motivation. Is he playing the swap game? preventing people from borrowing on margin to keep pushing this down? Given stamp is down much more than the others I wonder if this is a bitfinex move. Looks to me like this was bitfinex-based move, yes. Still don't get the motivation? You say he bought all the USD swaps and then commenced to sell BTC? The motivation being to keep everyone from contributing buy support and make the drop harder? Then what? Use all the borrowed USD to go long himself and reignite the rally? |
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dreamspark
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June 01, 2014, 07:08:43 PM |
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Fuck sake was just cooking and missed all of that  missed a buy order by $0.50 :/ |
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bitcoinsrus
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June 01, 2014, 07:09:50 PM |
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Fuck sake was just cooking and missed all of that missed a buy order by $0.50 :/ wow that sucks |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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June 01, 2014, 07:09:53 PM |
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This is why we sell on the way up  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:10:30 PM |
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i need a fucking smoke!
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:11:09 PM |
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loving this shit.
<- ADDICTED!
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Gingermod
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June 01, 2014, 07:11:18 PM |
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Any word of why we just flash crashed?
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magicmexican
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June 01, 2014, 07:11:50 PM |
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Fuck sake was just cooking and missed all of that missed a buy order by $0.50 :/ Thats what you get for trading BTC like a casual... You need to step up your game and trade like this :  |
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BldSwtTrs
Legendary
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Activity: 861
Merit: 1010
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June 01, 2014, 07:12:30 PM |
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Any word of why we just flash crashed?
Because we are in a bull market and it's what Bitcoin do in a bull market. |
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RUEHL
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June 01, 2014, 07:12:35 PM |
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(__!__) before (__o__) after  |
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BTCtrader71
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June 01, 2014, 07:12:53 PM |
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Any word of why we just flash crashed?
explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden? |
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TheJuice
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June 01, 2014, 07:13:52 PM |
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Any word of why we just flash crashed?
finex whale making $$ |
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molecular
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Activity: 2772
Merit: 1019
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June 01, 2014, 07:14:15 PM |
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This is why we sell on the way up That has it's own problems. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:14:32 PM |
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this is just how we roll
welcome to bitcoin
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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June 01, 2014, 07:14:45 PM |
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Any word of why we just flash crashed?
explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden? How much was taken off the table? Could the offers simply have been snatched up by speculators in a panic not to miss the train? |
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nrd525
Legendary
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Activity: 1867
Merit: 1023
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June 01, 2014, 07:15:12 PM |
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The Bitfinex USD swap orders are always drying up. Why? Because 90-95% of the money is being lent out at the variable rate. The swap rate is very inelastic. A small increase in demand triggers a large increase in the rate (and a small drop in demand causes a large decrease in the rate).
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:15:35 PM |
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PS this was a freebie anyone that bought anywhere on this dip is gana be fine...
next time we may not be so nice.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:16:18 PM |
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idk shit poeple
<- drunk
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BTCtrader71
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June 01, 2014, 07:16:31 PM |
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Any word of why we just flash crashed?
explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden? How much was taken off the table? Could the offers simply have been snatched up by speculators in a panic not to miss the train? Right now, the swap offers are close to being ALL GONE. If that was the result of panic buying, the price would be going up by a huge amount, not down. |
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TheJuice
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June 01, 2014, 07:18:07 PM |
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Any word of why we just flash crashed?
explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden? How much was taken off the table? Could the offers simply have been snatched up by speculators in a panic not to miss the train? Right now, the swap offers are close to being ALL GONE. If that was the result of panic buying, the price would be going up by a huge amount, not down. exactly. |
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