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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
Legendary
 Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2015, 11:01:35 AM |
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xxxxxzzzzz
Member
 Offline
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
Legendary
Offline
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
Legendary
Offline
Activity: 2604
Merit: 3089
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
Legendary
Offline
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
Legendary
Offline
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
Offline
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
Offline
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
Legendary
Offline
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
Legendary
Offline
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
Legendary
Offline
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
Legendary
Offline
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 $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system
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ChartBuddy
Legendary
Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2015, 12:01:31 PM |
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cyclotronmajesty
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July 18, 2015, 12:09:58 PM |
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BTC-E allows leverage, and this means that:
- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (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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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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July 18, 2015, 12:16:13 PM |
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 After smashing into and through that little ledge so many times, Wile E. is bound to erode the geological integrity of the obstacle, one of these years... Let's just hope his credit account with okcoin ACME Co doesn't get called. Fun fact: The skull is made up of 22 bones. The 8 bones that enclose and protect your brain from geological obstacles is called the neurocranium. |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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July 18, 2015, 12:23:58 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 $$$ (profit)
- no real BTC need to be involved at all, because the operation happens completely in the exchange internal system
Wow. That's diabolical. Guess u always should set a stop loss for margin trades. maybe i should sent btc to btce and sell there and set buy order at 133 so i can double my bitcoin ? what could go wrong ? |
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redsn0w
Legendary
Offline
Activity: 1778
Merit: 1043
#Free market
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July 18, 2015, 12:26:09 PM |
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BTC-E allows leverage, and this means that:
- some people have used it to go long
- they can be wiped out by forcing the price down to trigger automatic margin call
- some (other) people have access to the information on the margin call limits, either accurately or by deduction
- selling as much as to trigger the cascade, and then buying them back cheaper from the cascade, is called $$$ (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. maybe i should sent btc to btce and sell there and set buy order at 133 so i can double my bitcoin ? what could go wrong ? Nothing  , good luck... at the moment it is better to hold (imho). |
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ChartBuddy
Legendary
Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2015, 01:01:33 PM |
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cyclotronmajesty
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July 18, 2015, 01:34:08 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. maybe i should sent btc to btce and sell there and set buy order at 133 so i can double my bitcoin ? what could go wrong ? I just think you should wire transfer fiat. Then just let it sit there and next time u see one of those BTC-E bitcoin bargains. You buy them up and move them to a better exchange. |
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