ErisDiscordia
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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May 23, 2017, 03:29:28 PM |
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And Kraken just did it again. Spike to 2060Eur and my limit order not being honored.
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lemmyK
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May 23, 2017, 03:30:18 PM |
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 ....  welcome to the pump-not real world "neo-holder" |
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ARTISTCOLONY
Newbie
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Activity: 56
Merit: 0
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May 23, 2017, 03:30:25 PM |
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And Kraken just did it again. Spike to 2060Eur and my limit order not being honored.
chinese whales getting fatty into polo ====> stay tuned  $3333 |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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May 23, 2017, 03:33:05 PM |
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At least Ethereum must be added, in my opinion.
Ethereum is bitcoin number two right now.
Check the wording though. It's commodities. I don't think anyone anywhere regards Ethereum as a commodity. Enough people regard Bitcoin that way at present. Right now Ethereum qualifies as more of a share/stock than anything. This is why I find the anxiousness about it matching Bitcoin's valuation pretty daffy. They're not really the same thing and never will be. |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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May 23, 2017, 03:34:32 PM |
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oh look a new ATH how nice.
yeah. great. I s'pose. We are so jaded.... TBH, we are now just getting to a price level that I thought we'd be at in late 2014. I'm sure other longs feel the same. We long term hodlers have always known bitcoin was WAYYYY undervalued. It just took the rest of the world 4 years to catch up. What took them so long? And I don't even think 99.9999% of people with bank account access have even signed up to buy some yet. We are still very early adopters. |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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May 23, 2017, 03:35:53 PM |
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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. I also had a sell limit order today that did not execute but should have, at 12:51 GMT+2. I saw the chart, new my order should've executed, went to Kraken to go place a buy order, but no joy. I have opened the issue not only on a support ticket but also in the Kraken thread: https://bitcointalk.org/index.php?topic=290799.msg19153025#msg19153025Please contribute as I am sure there are many people affected by this issue. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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May 23, 2017, 03:39:39 PM |
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This would drive me crazy, tbh.  I dunno how certain people put up with it. All I do is stare at this all day.  After a couple of hours of not blinking I start to see a block explorer in me floaters. Virginia tobacco and corduroy pants. We really are the new wealthy elite.  |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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May 23, 2017, 03:39:47 PM |
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And Kraken just did it again. Spike to 2060Eur and my limit order not being honored.
When you just said it I checked and, yes, again happenned to me too! This is costing us money in lost profits (and maybe it is costing someone money in crazy liquidated shorts). Please contribute your case in the Kraken thread here(also open a support ticket about it) : https://bitcointalk.org/index.php?topic=290799.msg19153025#msg19153025 |
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Goldenhour
Newbie
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May 23, 2017, 03:41:15 PM |
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5-19-17. Sell at 1890 and buy in a pullback to 1775. I lost about 2k in position on that. How can a guy ever make money besides hodl paying for advice like that.
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empowering
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Activity: 1078
Merit: 1441
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May 23, 2017, 03:42:54 PM |
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Again, that description you are giving is of stop-loss or stop-loss triggered limit orders. Nothing to do with that I am talking about.
When you have a limit order on the order book, ie: an ask at 1995€ for 1BTC. There is no way price should rise higher than 1995€ without honoring your sell order at 1995€ limit. No, the price can't reach 2082€ if I have sell orders already on the book (since several days before) for much less than that price.
Otherwise the order book would have no reason to exist and the exchange would just pair orders however they feel like.... ie: matching orders with their way higer ones ignoring more favourable ones for the buyer. That's nonsense.
Again, if you are describing how stop loss limit orders behave, yes, that's correct, but that's not the case here, otherwise it would be a non issue.
Ahhh shit sorry my bad- doing several things at once here and obviously did not read your posts properly when scrolling through.. nor look at the kraken charts.. got the wrong end of the stick... thought you were buying and hadn't seen the Kraken chart... yeah that is.... quite odd. (hmmmm let us know what Kraken say..) |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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May 23, 2017, 03:44:21 PM |
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Virginia tobacco and corduroy pants. We really are the new wealthy elite. That's a giant corduroy memory foam beanbag. I sit there like a lonely turd at sunset all day casting aspersions across the globe. |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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May 23, 2017, 03:53:32 PM |
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Virginia tobacco and corduroy pants. We really are the new wealthy elite. That's a giant corduroy memory foam beanbag. I sit there like a lonely turd at sunset all day casting aspersions across the globe. We do what we can. We're the heroes the world needs. |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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May 23, 2017, 03:53:51 PM |
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5-19-17. Sell at 1890 and buy in a pullback to 1775. I lost about 2k in position on that. How can a guy ever make money besides hodl paying for advice like that.
dumping on bad news and buying back. very reliable. |
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julian071
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May 23, 2017, 03:54:06 PM |
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Haha look at the Kraken chart now! And again my sell order did not execute. Maybe their API is fucked up. Or it's that Dark Order thingy that they're doing?
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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May 23, 2017, 04:02:51 PM |
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haha the fat finger trade guy on kraken is gonna be able to sell and get his money back by like friday also, how the fuck is stamp so far ahead of the others? do u even arbitrage bro? or are % just so small at these levels that what looks big is actually negligible? |
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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May 23, 2017, 04:04:32 PM |
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Haha look at the Kraken chart now! And again my sell order did not execute. Maybe their API is fucked up. Or it's that Dark Order thingy that they're doing?
NO, the dark pool does not show on the order book nor the public price. This is just totally erratic, negligent or premeditated behaviour. |
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julian071
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May 23, 2017, 04:07:28 PM |
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Off for dinner, see you guys @ €2000.
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ARTISTCOLONY
Newbie
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Activity: 56
Merit: 0
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May 23, 2017, 04:13:46 PM |
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haha the fat finger trade guy on kraken is gonna be able to sell and get his money back by like friday also, how the fuck is stamp so far ahead of the others? do u even arbitrage bro? or are % just so small at these levels that what looks big is actually negligible? people are saying BUY BITCOIN ====> businesses are frontloading prolly it's going $10000 per coin ~via cryptolocker extortionists |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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May 23, 2017, 04:38:59 PM |
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also, how the fuck is stamp so far ahead of the others?
That's really strange, bearstamp's at $2235 and bitfinex is at $2211. Since when was bearstamp's price higher than bitfinex's? |
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mainpmf
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May 23, 2017, 04:43:55 PM |
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also, how the fuck is stamp so far ahead of the others?
That's really strange, bearstamp's at $2235 and bitfinex is at $2211. Since when was bearstamp's price higher than bitfinex's? And kraken is lagging behind at 2172$ :/ Please come buy coins here! They're as shiny as the others and a bit less expensive! :3 |
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