stereotype
Legendary
 Offline
Activity: 1554
Merit: 1000
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August 18, 2014, 11:57:00 AM |
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Did anyone manage to get some juicy 310$ coins?
$405 for me. I triggered about 10 secs too early.  |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Newbie1022
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August 18, 2014, 11:57:18 AM |
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(A)... why the hell did I not have money on that goofy exchange. I secretly hate myself, now.
(B)... there is going to be tremendous selling pressure once people send their newly purchased cheap coins from BTC-e to the other exchanges.
(C) Presumably, but not certainly, Bitfinex will do the same exact thing within the next hour unless they freeze the exchange.
So, if you are leveraged out on Bitfinex and your margin call comes within the $400 range, this really is probably your last chance to cut and run. If you aren't leveraged... meh. Pay no mind.
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DutchTrades
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August 18, 2014, 11:57:35 AM |
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lol $7.3 million volume on BTC-e
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bigdave
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August 18, 2014, 11:58:11 AM |
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Made some awesome buys at $330 in btc-e.... Nice way to start the day! lol
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hmmkay
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August 18, 2014, 11:58:54 AM |
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Is manipulation like this on non-crypto exchanges legal?
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 18, 2014, 11:59:56 AM |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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August 18, 2014, 12:01:18 PM |
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Is manipulation like this on non-crypto exchanges legal?
What manipulation? |
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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August 18, 2014, 12:01:21 PM |
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Is manipulation like this on non-crypto exchanges legal?
No regulations :x |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10240
Self-Custody is a right. Say no to"Non-custodial"
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August 18, 2014, 12:02:51 PM |
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nah, you know me, i'm a permabull but this dumping is so frustrating cuz I need to cash out a little bit I ain't selling now. |
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iWin
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August 18, 2014, 12:03:18 PM |
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Could this be because of Stellar? They've give away 1M + Stellar which is 2.2 million dollars worth. Most people are just trading it right to BTC.
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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August 18, 2014, 12:05:13 PM |
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Could this be because of Stellar? They've give away 1M + Stellar which is 2.2 million dollars worth. Most people are just trading it right to BTC.
No, this is a whale liquidating his BTC into LTC |
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Hunyadi
Legendary
Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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August 18, 2014, 12:06:01 PM |
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 There is some love in the air!  |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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August 18, 2014, 12:06:18 PM |
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Bid sum / ask sum ratio fell on Bitstamp to about 180$.  Either this is a local bottom (with a nice rebound following) or long term support will be broken and all bets are off. I do expect 450$ to hold, but the Chinese pandas may go into retarded panic mode. |
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spndr7
Legendary
Offline
Activity: 1020
Merit: 1000
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August 18, 2014, 12:07:55 PM |
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Huge manipulation going on. Bitcoin just touched down 309 on BTC-e
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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August 18, 2014, 12:09:29 PM |
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Huge manipulation going on. Bitcoin just touched down 309 on BTC-e
Again? /s |
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fonzie
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August 18, 2014, 12:09:36 PM |
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Huge manipulation going on. Bitcoin just touched down 309 on BTC-e
i guess someone just sold a few coins(or someone got long squeezed) and there weren´t enough buyers. Riddle solved. Call me genius. |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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August 18, 2014, 12:09:58 PM |
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Huge manipulation going on. Bitcoin just touched down 309 on BTC-e
Selling =/= manipulation. |
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Newbie1022
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August 18, 2014, 12:10:20 PM |
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Bid sum / ask sum ratio fell on Bitstamp to about 180$. Either this is a local bottom (with a nice rebound following) or long term support will be broken and all bets are off. I do expect 450$ to hold, but the Chinese pandas may go into retarded panic mode. Remains to be seen. Do all the cheap coins that just went out now manifest themselves as sell pressure? Even short sell pressure (turning the $300 coin into a $465's leveraged instrument for extra bang). I know something dramatic like this usually spells a bottom, but there were A LOT of coins that just went out the door. I am not sure. I wouldn't be sitting within a margin in the 400s on Finex right now, though. That's asking for trouble. |
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Wandererfromthenorth
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August 18, 2014, 12:13:07 PM |
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(A)... why the hell did I not have money on that goofy exchange. I secretly hate myself, now.
(B)... there is going to be tremendous selling pressure once people send their newly purchased cheap coins from BTC-e to the other exchanges.
(C) Presumably, but not certainly, Bitfinex will do the same exact thing within the next hour unless they freeze the exchange.
So, if you are leveraged out on Bitfinex and your margin call comes within the $400 range, this really is probably your last chance to cut and run. If you aren't leveraged... meh. Pay no mind.
agreed |
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protokol
Legendary
Offline
Activity: 1188
Merit: 1016
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August 18, 2014, 12:13:31 PM |
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Huge manipulation going on. Bitcoin just touched down 309 on BTC-e
Selling =/= manipulation. Well a normal seller wouldn't dump thousands of coins at market price, as they'd lose a shit load of money due to slippage. So in this case I'd say it was most likely manipulation. |
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