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

[craked5]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

I am absolutely sure that this time, AGAIN, something happenned that bypassed all or part of the order book. I would like to know WHO was the fortunate guy (or entity) that took the big profit of selling those coins at that high price. And I feel sorry for whomever was liquidated and forced to sell at that artificial high price. It would have been much lower (or maybe he wouldn't even be liquidated in first instance) if our intermediate sell orders had been honored.

I would like to think this is a (recurring) bug, but I am not sure anymore.

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

Ah I see what you mean.
If there was someone who actually put sell orders at those prices and there was an artificially high spike then someone must have won a freaking jackpot there...

[bitserve]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK.

But the problem is not in the API:


XBT/EUR

    Last
    €1,894.680
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    25,936.77
    Weighted Avg
    €1,879.344

There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days).

So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK?

[ShroomsKit_Disgrace]

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

And no, it's not the API: THis is from kraken site irself:


    Last
    €1,899.920
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    26,023.66
    Weighted Avg
    €1,879.180

Ummmmm very interesting indeed. As you said, the order book seemed to be totally bypassed until that high price. The question is: Are they really this stupid to cheat in this blatant way? I mean, anyone in the world can see something went wrong...So if this starts to happen more frequently they are going to lose their customers in matter of days. There is no point of doing such a clear and blatant cheat. I call it just stupidity, but in the innocent way.

Of course, I expect some kind of public response from them in the incoming days.

[JohnUser]

Kraken have trade problem from a very long time, i don't understand why you are surprised ?

[rjclarke2000]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

[mOgliE]

Kraken have trade problem from a very long time, i don't understand why you are surprised ?

Because here it no longer seems to be a problem.

Call me a conspiracy twart but it seems like a simple malversion in order to make money and nothing else.
You can tolerate bugs. You can't tolerate being fucked willingly by the trading platform.

[bitserve]

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

And no, it's not the API: THis is from kraken site irself:


    Last
    €1,899.920
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    26,023.66
    Weighted Avg
    €1,879.180

Ummmmm very interesting indeed. As you said, the order book seemed to be totally bypassed until that high price. The question is: Are they really this stupid to cheat in this blatant way? I mean, anyone in the world can see something went wrong...So if this starts to happen more frequently they are going to lose their customers in matter of days. There is no point of doing such a clear and blatant cheat. I call it just stupidity, but in the innocent way.

Of course, I expect some kind of public response from them in the incoming days.

Probably you are expecting too much from them. I am still waiting a single reply for my support ticket, more than one month ago, when last time I NOTICED this happenning to me. And here I have this standing buy limit order at 124X€ that should have been honored then when price went lower tan that.

Anyway I will update if I get some reply on this.

About the "innocent way", well, I "only" lost some profit that belonged to me.... but tell that to whomever got liquidated and had to rebuy at that 2082€ price for NO REASON... to add insult to the injury.

It is hard that this become more "frequent" as it is hapenning too much frequently already. If you can bypass the order book nothing stops you to do a double short and long squeeze combo. Millions of profit and burned customers in a matter of seconds.

[bitserve]

Kraken have trade problem from a very long time, i don't understand why you are surprised ?

Because here it no longer seems to be a problem.

Call me a conspiracy twart but it seems like a simple malversion in order to make money and nothing else.
You can tolerate bugs. You can't tolerate being fucked willingly by the trading platform.

Yep, I can tolerate some hiccups, I can tolerate the trasding platform to become unusable during heavy usage periods, I know not to use stop loss/take profit orders because they delay a lot to be inserted in the order book.... But I can't tolerate not even understand my standing orders already IN THE ORDER BOOK, to be blatantly bypassed. That's crazy.

[K~Ehleyr]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK.

But the problem is not in the API:


XBT/EUR

    Last
    €1,894.680
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    25,936.77
    Weighted Avg
    €1,879.344

There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days).

So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK?

I was watching Kraken at that time.  I was waiting in a queue for two hours and had very little to do except keep refreshing all my coin charts, including the Kraken app.  I did not see that price reached or any unusual fluctuations in the price.  I do not believe it was real, or if it was it must have been so momentary that no other prices were hit in between.  A fat-fingered buyer perhaps?  Someone who thought they were trading USD instead of EUR??

[bitserve]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK.

But the problem is not in the API:


XBT/EUR

    Last
    €1,894.680
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    25,936.77
    Weighted Avg
    €1,879.344

There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days).

So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK?

I was watching Kraken at that time.  I was waiting in a queue for two hours and had very little to do except keep refreshing all my coin charts, including the Kraken app.  I did not see that price reached or any unusual fluctuations in the price.  I do not believe it was real, or if it was it must have been so momentary that no other prices were hit in between.  A fat-fingered buyer perhaps?  Someone who thought they were trading USD instead of EUR??

It could be a fat finger or most probably a short squeeze. That doesn't matter... the price reached 2082€ (as you can see on kraken site itself as high price today), I had sell limit orders placed on the ORDER BOOK from several days ago at 19XX€ which should have been honored. The price cannot reach higher without honoring orders in the order book. It's as simple as that.

Even if the site became unusable during that spike, orders already in the order book BEFORE the fat-finger/short squeeze must be honored (My orders were there from several days ago). YOu can even halt the trading for some issue, but the price cannot get higher without honoring previous lower orders. That's how an order book (should) works.

[LFC_Bitcoin]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

[simmo77]

Breaking my boycott just to say

"Great job, Bitcoin" 

Good to see you again mate

[bitserve]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

I just discovered that I can get some free CLAMS for each of my funded BTC address on MAY 2016 2014 (edited). I am in the process of syncing the wallet to do it. Free money!

ANyone else knows about some other coins that have some value and can get for free the same way?

I love the smell of free money in the morning

[mainpmf]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

I just discovered that I can get some free CLAMS for each of my funded BTC address on MAY 2016 2014 (edited). I am in the process of syncing the wallet to do it. Free money!

ANyone else knows about some other coins that have some value and can get for free the same way?

I love the smell of free money in the morning

Free CLAMS for your funded btc addresses?
Is it something general that applies to all adresses?
Give a link bro, I'm interested ^^

[bitserve]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

I just discovered that I can get some free CLAMS for each of my funded BTC address on MAY 2016 2014 (edited). I am in the process of syncing the wallet to do it. Free money!

ANyone else knows about some other coins that have some value and can get for free the same way?

I love the smell of free money in the morning

Free CLAMS for your funded btc addresses?
Is it something general that applies to all adresses?
Give a link bro, I'm interested ^^

It's something like this: http://clam.makejar.com/

There are other sites but I have found out that all those take a percentage and it is better to download the wallet and do it yourself. I have not yet finished the proccess, so no garantees on my part!

Also, it seems that you need to provide the private key of addresses that WERE funded on MAY 2014 (but aren't anymore, so you don't risk your BTC).

If I am wrong on my understanding, someone please correct me on this. And if anyone knows more coins that do this, please also share

[mainpmf]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

I just discovered that I can get some free CLAMS for each of my funded BTC address on MAY 2016 2014 (edited). I am in the process of syncing the wallet to do it. Free money!

ANyone else knows about some other coins that have some value and can get for free the same way?

I love the smell of free money in the morning

Free CLAMS for your funded btc addresses?
Is it something general that applies to all adresses?
Give a link bro, I'm interested ^^

It's something like this: http://clam.makejar.com/

There are other sites but I have found out that all those take a percentage and it is better to download the wallet and do it yourself. I have not yet finished the proccess, so no garantees on my part!

Also, it seems that you need to provide the private key of addresses that WERE funded on MAY 2014 (but aren't anymore, so you don't risk your BTC).

If I am wrong on my understanding, someone please correct me on this. And if anyone knows more coins that do this, please also share

Oh god man thanks!

I'm not sure My adresses were already funded 3 years ago though...
I hope so, I'll check that tonight when I got acess to my wallet!
I've the feeling you know that I'll see that my adresses were funded in 2015 and I'll be like "fuck off" tonigh but well, one's has to check this heh xD

[bitserve]

[
Oh god man thanks!

I'm not sure My adresses were already funded 3 years ago though...
I hope so, I'll check that tonight when I got acess to my wallet!
I've the feeling you know that I'll see that my adresses were funded in 2015 and I'll be like "fuck off" tonigh but well, one's has to check this heh xD

np, good luck! And, I am not so sure about this yet (until I get the coins) but in any case be careful not to share the private key of a funded address or one that you plan to reuse again.

I am seeing that it is also valid for DOGE addresses, so maybe whomever said about his newfound DOGE coins can go for a combo on this one after cashing them out of their previous addresses.

Again, do any of this at your own risk. Not vouching for anything.

[stereotype]

Korea BTC @$2800 currently ......

https://www.bithumb.com/EN/

[gentlemand]

It's something like this: http://clam.makejar.com/

There are other sites but I have found out that all those take a percentage and it is better to download the wallet and do it yourself. I have not yet finished the proccess, so no garantees on my part!

You don't need the clam wallet or a third party service, go to just-dice and redeem them there in the chat box and then send them to an exchange or whatever from the just dice wallet. It's not a huge amount but a bit of fun all the same.

[HI-TEC99]

Korea BTC @$2800 currently ......

https://www.bithumb.com/EN/

Bearstamp's back up to $2200 again. That's only $30 short of its ATH. Will it hit another ATH later today?