shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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April 27, 2015, 09:46:17 PM |
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my alarms are going absolutely bonkers. Btc-e it's out of control...
What fun!
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itod
Legendary
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Activity: 1974
Merit: 1077
^ Will code for Bitcoins
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April 27, 2015, 09:46:41 PM |
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Whose got fat fingers over at finex?
WTF?
Those are arbitrage bots kicking in, not fat fingers. There's an arbitrage opportunity and they kick in with vengeance.
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ensurance982
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April 27, 2015, 09:46:56 PM |
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russian bitcoin ban hammer getting closer.
just look how fast profits are leaving btc-e.
soon™.
They are desperate to get out, must have some inside knowledge. The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges. As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al. Any info on BTC-e solvency? Nah, I don't know... They've always remained very reclusive about basically everything. People don't even seem to know what country they're located in, apparently. I guess we know nothing for sure about them. They were always supposed to be the go-to exchange for illicit activities and liquidating illegally obtained coins - if that's true though... no one knows, either! Never considered the illicit activity angle but if someone need a few million dollars in BTC for such an activity. BTC-E seems like the only option and it certainly would produce the crazy charts we are seeing today. Or the exchange is dying. With 'illicit activities' I was merely considering the possibility that someone could be pulling an inside job at BTC-e or someone hacked the exchange or some accounts in one way or another. Buying coins in order to buy something illegal... Don't know... slow accumulation would make more sense, I guess.
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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April 27, 2015, 09:47:12 PM |
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shorting like a MOFO
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LFC_Bitcoin
Legendary
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Activity: 3668
Merit: 10261
#1 VIP Crypto Casino
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April 27, 2015, 09:47:22 PM |
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Now this is the kind of action we've been missing.
Pump up to 260.
Come on baby you can do it.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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April 27, 2015, 09:47:56 PM |
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all exchanges are on
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coins101
Legendary
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Activity: 1456
Merit: 1000
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April 27, 2015, 09:48:46 PM |
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Well the bitstamp arbitrage bots are on weed.
They were like, BTC-e up $260? Meh.
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Wandererfromthenorth
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April 27, 2015, 09:48:57 PM |
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Whose got fat fingers over at finex?
WTF?
Those are arbitrage bots kicking in, not fat fingers. There's an arbitrage opportunity and they kick in with vengeance. "arbitrage" by buying coins at a ridiculous premium?
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 27, 2015, 09:49:10 PM |
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GOT YOUR COINS, MOTHERFUCKERS!!
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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April 27, 2015, 09:49:53 PM |
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shorting like a MOFO
Yes, we know
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 27, 2015, 09:50:04 PM |
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shorting like a MOFO
You've got cojones, I'll give you that.
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 27, 2015, 09:50:17 PM |
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To the newcomers who haven't experienced anything like this before:
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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April 27, 2015, 09:50:46 PM |
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shorting like a MOFO
Count me fooking flabbergasted.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 27, 2015, 09:51:07 PM |
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shorting like a MOFO
ON TOP OF 33k SHORTS already on the books? Go for it. I want MOAR COINZ!
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LFC_Bitcoin
Legendary
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Activity: 3668
Merit: 10261
#1 VIP Crypto Casino
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April 27, 2015, 09:51:12 PM |
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tarmi getting schooled here tbf.
It's been nice knowing you pal.
I'll lend you your rent money at a 15% interest return.
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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April 27, 2015, 09:51:16 PM |
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poor fuckers, I will make a ton of money on you.
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ensurance982
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April 27, 2015, 09:51:27 PM |
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I gotta ask... Tarmi, palms already sweaty? If your phone is ringing, you know very well who it could be: Margin. This rise doesn't even have to be organic, the mere fact that Finex and Huobi, et al. are following, is causing some nice short squeezes, that could end very ugly for a lot of people bears.
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JorgeStolfi
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April 27, 2015, 09:51:46 PM |
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Someone at BTC-e is buying like crazy, and arbitragers are buying at other exchanges in order to sell at BTC-e to that desperate guy.
There are of course many possible explanations for that buying spree. One of them is: someone realized, perhaps by inside information, that he would not be able to withdraw his USD/EUR/RUB balance; so he is converting it all to BTC, as fast as he can. If that is the reason, and that hypothetical blockade affects all users, then the arbitragers will be screwed.
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empowering
Legendary
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Activity: 1078
Merit: 1441
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April 27, 2015, 09:52:37 PM |
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Did someone fix my keyboard?
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itod
Legendary
Offline
Activity: 1974
Merit: 1077
^ Will code for Bitcoins
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April 27, 2015, 09:53:17 PM |
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Whose got fat fingers over at finex?
WTF?
Those are arbitrage bots kicking in, not fat fingers. There's an arbitrage opportunity and they kick in with vengeance. "arbitrage" by buying coins at a ridiculous premium? No, man, arbitrage by buying BTC on Finex and other exchanges, transferring to BTC-E and selling there. That's why other exchanges are "obliged" to follow this BTC-E insanity to some extent, not all the way of course because it's not easy to transfer back from BTC-E to Finex, you have to do it through LTC since there's no way to move US$ fast, which slowly eats the arbitrage opportunity and potential profits.
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