adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 09, 2013, 08:21:32 PM |
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justusranvier
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Activity: 1400
Merit: 1013
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September 09, 2013, 08:22:27 PM |
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That dump lasted just long enough to move the Coinbase buy price, right exactly when I was about to buy anyway, so I managed to get them at $115.23.
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adamstgBit
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Activity: 1904
Merit: 1037
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September 09, 2013, 08:22:55 PM |
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Mt.Gox is not reacting it seems.
nor should it! this is a bad move by some novice trader.... |
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Walsoraj
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September 09, 2013, 08:24:43 PM |
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This is why I've been saying Stamp isn't a real competitor to Gox. Stamp simply doesn't have the bid depth. You can't sell large quantities without causing lots of slippage.
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adamstgBit
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September 09, 2013, 08:25:14 PM |
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Mt.Gox is not reacting it seems.
nor should it! this is a bad move by some novice trader.... or maybe... a very generous BTC whale   |
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adamstgBit
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September 09, 2013, 08:26:38 PM |
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This is why I've been saying Stamp isn't a real competitor to Gox. Stamp simply doesn't have the bid depth. You can't sell large quantities without causing lots of slippage.
stamps has been known to be slightly more volatile than gox  |
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adamstgBit
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September 09, 2013, 08:32:48 PM |
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lmao!
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prophetx
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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September 09, 2013, 08:34:29 PM |
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Walsoraj
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September 09, 2013, 08:34:45 PM |
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This is why I've been saying Stamp isn't a real competitor to Gox. Stamp simply doesn't have the bid depth. You can't sell large quantities without causing lots of slippage.
stamps has been known to be slightly more volatile than gox A natural consequence of laughable depth. |
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Its About Sharing
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Activity: 1442
Merit: 1000
Antifragile
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September 09, 2013, 08:36:54 PM |
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Glad someone else pointed it out too, I thought the 115 was a typo..
I don't think the dump with an ongoing (still) DDOS attack worked though. Price is filling in and people are not panicking it looks like. Not sure what is going on. But something weird is in the air. Rumors of something big at GOX happening and now someone trying to crash Stamp? |
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Miz4r
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Merit: 1000
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September 09, 2013, 08:37:39 PM |
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Damn it just missed my standing bid order on Bitstamp.  |
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jski
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Activity: 97
Merit: 10
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September 09, 2013, 08:39:37 PM |
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That dump lasted just long enough to move the Coinbase buy price, right exactly when I was about to buy anyway, so I managed to get them at $115.23.
I tried to do the same thing but I refreshed before I bought and the price jumped back to 19.90. You lucky son of a gun...LOL |
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Miz4r
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Merit: 1000
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September 09, 2013, 08:41:47 PM |
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This is why I've been saying Stamp isn't a real competitor to Gox. Stamp simply doesn't have the bid depth. You can't sell large quantities without causing lots of slippage.
stamps has been known to be slightly more volatile than gox A natural consequence of laughable depth. It's a lot better than it was a couple months ago at least, it will grow as more people give it a chance and stop staring and laughing at the depth thinking it will improve on its own. Gox had worse depth a year ago. |
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grovestr
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September 09, 2013, 08:50:16 PM |
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Cablez
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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September 09, 2013, 09:01:28 PM |
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Not sure what is going on. But something weird is in the air. Rumors of something big at GOX happening and now someone trying to crash Stamp?
Do you have a source for the rumors? |
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ChartBuddy
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Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 09, 2013, 09:02:10 PM |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 09, 2013, 09:19:43 PM |
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Aaaand it's gone.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 09, 2013, 09:25:41 PM |
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mr walls has balls |
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Walsoraj
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September 09, 2013, 09:33:28 PM |
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Gox's new trading engine and all of the upcoming exchanges (ex, Coinsetter) are completely unnecessary given the total volume on all current exchanges.
Prediction: 4-5 months from now, there will be at least a dozen new exchanges, most averaging about 1,000 daily volume. This "fracturing" of volume will ultimately result in lots of smaller and consequently more easily manipulable exchanges. Gox will still maintain the lead with 5,000 daily volume on the very busiest days. But, Gox too will be primed for manipulation given lower volume and depth.
Prediction 2: 1 year from now, after enough reports of manipulation and investors getting ripped off, the SEC steps in and requires exchanges to monitor and put in place restrictions to stop blatant manipulation (or at least make it much more difficult/risky). Bitcoin gradually drops in value to almost nothing as the community realizes the price is and always has been driven by whale-walls.
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