Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[QuestionAuthority]

Someone please remind me, in case I missed it, why does this happen on OKCoin?
On huge volume the price barely moves, then on low volume we have this drop (or the previous pump)?

I wish that those totally useless "bitcoin news" sites would investigate and report on this issue, if only by asking the exchange owners about those spikes.

On a couple of occasions, I have seen a huge sell order flash on the OKCoin order book, just at the top of the spread, only to be immediately and precisely eaten by a matching buy order.  They may be trades arranged in advance, set to happen at a predetermined price or time.

I seem to recall, several years ago, an announcement by some exchange that they were implementing "shadow" book orders, that are invisible to most ordinary clients.  Perhaps they just started showing shadow-book trades on the ordinary ticker, to boost their public volume numbers...

That seems to be what's happening. But why would they want a lot of off book transactions? Don't they make money based on a percentage of the order cost? Why would they not want the price to rise as much as possible?

[Fiat_Hodler]

If I was a whale I would keep the price down until after the marshals auction and get all the BTC at a discount.

[BlindMayorBitcorn]

Someone please remind me, in case I missed it, why does this happen on OKCoin?
On huge volume the price barely moves, then on low volume we have this drop (or the previous pump)?

I wish that those totally useless "bitcoin news" sites would investigate and report on this issue, if only by asking the exchange owners about those spikes.

On a couple of occasions, I have seen a huge sell order flash on the OKCoin order book, just at the top of the spread, only to be immediately and precisely eaten by a matching buy order.  They may be trades arranged in advance, set to happen at a predetermined price or time.

I seem to recall, several years ago, an announcement by some exchange that they were implementing "shadow" book orders, that are invisible to most ordinary clients.  Perhaps they just started showing shadow-book trades on the ordinary ticker, to boost their public volume numbers...

Someone buying his own coins to simulate interest is my best bet.

Good thing I bought my honey puffs yesterday

[tarmi]

stop promoting your long positions in another shitcoin.

[Blazin8888]

stop promoting your long positions in another shitcoin.

typical 14yr old answer. Im not promoting anything you goof. Im bringing news to the community.

Maybe if you had a brain and could analyze things around you to see potential in them and how they could potentially effect other things, youd realize BTS is the future of Crypto.


The community and ppl like u will get no where with answers like that. lol grow up u geek

[BlindMayorBitcorn]

The community has had it up to here with you, mister

[Blazin8888]

http://banxcapital.com/                ---> BanX is designing products to support the BTC economy. BanX is also hopping on to the BITSHARES 2.0 platform when it launches. www.bitshares.org


This is key here. BTC WILL reap major benefits because of this.

[BlindMayorBitcorn]

This is key here

[ChartBuddy]

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[Fakhoury]

stop promoting your long positions in another shitcoin.

typical 14yr old answer. Im not promoting anything you goof. Im bringing news to the community.

Maybe if you had a brain and could analyze things around you to see potential in them and how they could potentially effect other things, youd realize BTS is the future of Crypto.


The community and ppl like u will get no where with answers like that. lol grow up u geek

Don't feed the trolls my friend.

[Blazin8888]

stop promoting your long positions in another shitcoin.

typical 14yr old answer. Im not promoting anything you goof. Im bringing news to the community.

Maybe if you had a brain and could analyze things around you to see potential in them and how they could potentially effect other things, youd realize BTS is the future of Crypto.


The community and ppl like u will get no where with answers like that. lol grow up u geek

Don't feed the trolls my friend.

Youre probably right. They just dont see the way.

[Fatman3001]

stop promoting your long positions in another shitcoin.

typical 14yr old answer. Im not promoting anything you goof. Im bringing news to the community.

Maybe if you had a brain and could analyze things around you to see potential in them and how they could potentially effect other things, youd realize BTS is the future of Crypto.


The community and ppl like u will get no where with answers like that. lol grow up u geek

Don't feed the trolls my friend.

Youre probably right. They just dont see the way

Of course. Please tell us again about how shitshares reminds you of BTC back in 2011.

[ChartBuddy]

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[ChartBuddy]

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[jbreher]

stop promoting your long positions in another shitcoin.

Im not promoting anything you goof. Im bringing news to the community.

Well, no. Not really, you are not. You are merely repeating the same shillspeak over and over. The first time you posted the links to the Forbes articles, you could plausibly call that news. By the 8th time you posted the very same links in the very same thread, it was well past the point that it was obvious shilling.

And your juvenile name calling just makes you look petty. And juvenile. Did I mention juvenile?

[JorgeStolfi]

seem to recall, several years ago, an announcement by some exchange that they were implementing "shadow" book orders, that are invisible to most ordinary clients.  Perhaps they just started showing shadow-book trades on the ordinary ticker, to boost their public volume numbers...

That seems to be what's happening. But why would they want a lot of off book transactions? Don't they make money based on a percentage of the order cost? Why would they not want the price to rise as much as possible?

OKCoin and Huobi do not charge fees for trading, only for deposit and/or withdrawal, and interest on leveraged trading. As I recall, the shadow book was meant to cater for clients who wanted to trade on the exchange, but did not want their large orders to affect the price against them. (I may have misunderstood, and I don't know whether that makes sense.)

[ChartBuddy]

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Explanation

[aztecminer]

hows everything going guys ?? did we make through the critical point yet. i thought i saw someone mention the weekend was critical ??

[Blazin8888]

stop promoting your long positions in another shitcoin.

Im not promoting anything you goof. Im bringing news to the community.

Well, no. Not really, you are not. You are merely repeating the same shillspeak over and over. The first time you posted the links to the Forbes articles, you could plausibly call that news. By the 8th time you posted the very same links in the very same thread, it was well past the point that it was obvious shilling.

And your juvenile name calling just makes you look petty. And juvenile. Did I mention juvenile?

You clearly spend way too much time on these forums.

[ChartBuddy]

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