Starving_Marvin
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Activity: 511
Merit: 250
Open and Transparent Science Powered By Blockchain
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July 18, 2015, 10:49:50 AM |
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Hah BTC-E  WTF happened? |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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July 18, 2015, 10:50:53 AM |
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Instant crash in price, why?
Anything from Greece, or from the chinese? Or something else?
Or just a micro mr102?
Just a big dump. Good morning  |
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kodtycoon
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Activity: 1568
Merit: 1002
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July 18, 2015, 10:53:45 AM |
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SOMEONE SOLD EVERY BITCOIN ON BTC-E
WTF?? edit: went down to 150 |
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LFC_Bitcoin
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Activity: 3710
Merit: 10448
#1 VIP Crypto Casino
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July 18, 2015, 10:55:08 AM |
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SOMEONE SOLD EVERY BITCOIN ON BTC-E
Yet it's barely caused a ripple in the price. $279 on Stamp right now as I type this. I think we'll be stick in the 270-300 range for a few weeks now. I see no reason for significant movement either way unless somebody starts manipulating of course. |
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SnokkomBTC
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July 18, 2015, 10:57:08 AM |
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lol, btc-e...
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ChartBuddy
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Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2015, 11:01:35 AM |
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xxxxxzzzzz
Member
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Activity: 72
Merit: 11
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July 18, 2015, 11:06:58 AM |
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Hah BTC-E WTF happened? ha ha ha ha ha ha someone fucked up bad and sold 10,000 coins all the way down to 150 on btce  |
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redsn0w
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Activity: 1778
Merit: 1043
#Free market
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July 18, 2015, 11:08:04 AM |
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lol, btc-e...
it's normal   Good morning guys! |
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gentlemand
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Activity: 2590
Merit: 3015
Welt Am Draht
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July 18, 2015, 11:10:32 AM |
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lol, btc-e...
I wonder what it is about that place that produces the freakiest behaviour. Maybe everyone on there is under 12 because they can't open accounts anywhere else. |
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BTCat
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Activity: 1960
Merit: 1010
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July 18, 2015, 11:10:48 AM |
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Great Flashcrash. Now we're ready to rocketlaunch. I compare this move to the one on 30-09-2013. We'll see if it makes any sense |
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 18, 2015, 11:24:37 AM |
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Someone sold 5K BTC-E coins at market.
Either desperate, or an expensive miss-click. oops!
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xxxxxzzzzz
Member
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Activity: 72
Merit: 11
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July 18, 2015, 11:26:13 AM |
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if even half of that sell order was at/below 200 it's an equivalent loss to doing this like 5 times with no insurance  wonder if they'll just get fired or whacked ? (or it's an individual that will retire never to look back, hopefully, for their sake) |
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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July 18, 2015, 11:26:59 AM |
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Nothing new here... BTC-E has those spikes (up/down) before... Don't think there will be another spike, because btc-e team will prevent it. Give it an hour and the price will be back at 280$.  Only an hour ? I don't think 1 hour is enough ... maybe 2-3 hours (who knows, it is only speculation). |
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noobtrader
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Activity: 1456
Merit: 1000
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July 18, 2015, 11:28:12 AM |
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Great Flashcrash. Now we're ready to rocketlaunch. I compare this move to the one on 30-09-2013. We'll see if it makes any sense this drop actually similiar to the one happen @ 10-2-14 which drop the price to 104 usd from 608 usd at btce |
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BTCat
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Activity: 1960
Merit: 1010
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July 18, 2015, 11:35:43 AM |
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Great Flashcrash. Now we're ready to rocketlaunch. I compare this move to the one on 30-09-2013. We'll see if it makes any sense this drop actually similiar to the one happen @ 10-2-14 which drop the price to 104 usd from 608 usd at btce While the dump may look the same it happened in a very different situation, After feb 2014 it was all bearmarket while after the one on 30-09 2013 there was the huge rally. |
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BTCat
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Activity: 1960
Merit: 1010
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July 18, 2015, 11:37:18 AM |
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if even half of that sell order was at/below 200 it's an equivalent loss to doing this like 5 times with no insurance wonder if they'll just get fired or whacked ? (or it's an individual that will retire never to look back, hopefully, for their sake) I don't understand how someone could crash this car 5 times like that. It's supposed to be broken after the first. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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July 18, 2015, 12:01:10 PM |
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BTC-E allows leverage, and this means that:
- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system
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ChartBuddy
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Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2015, 12:01:31 PM |
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cyclotronmajesty
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July 18, 2015, 12:09:58 PM |
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BTC-E allows leverage, and this means that:
- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system
Wow. That's diabolical. Guess u always should set a stop loss for margin trades. |
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