grappa_barricata
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playing pasta and eating mandolinos
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November 04, 2014, 04:50:54 PM |
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hmmkay
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November 04, 2014, 04:51:38 PM |
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Why don't they just put up a wall of 20 million coins. It's not like they're real...
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gizmoh
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Activity: 1428
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November 04, 2014, 04:51:44 PM |
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Chinese exchange are going nuts, I think its the War of Volumes..
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fonzie
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November 04, 2014, 04:52:01 PM |
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RIP BTCChina, nice knowing u. Obvious zombie exchange with 100% fake trades. Reminds me Gox, except nobody will care if it dies.
OKCoin and Huobi are also giving their best effort today.
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yefi
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November 04, 2014, 04:52:39 PM |
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Watching BTCChina melting is pretty funny.
All of those smaller buys, 2-20 BTC, they don´t even appear in the orderbook.... Ah, BTCChina's magical orderbook.
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N12
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November 04, 2014, 04:53:41 PM |
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Wow, I just had a look at the (extremely shallow, much moreso than BTC-E) order book of BTCChina and the "volume" (supposed to be x10 that of BTC-E) that it has. It's clear that almost all of it is fake.
Seems like fonzie is right, someone's trying to induce "arbitrage" and buy at other exchanges.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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November 04, 2014, 04:54:15 PM |
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You guys are getting hysterical. Literally NOTHING is happening to the price.
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grappa_barricata
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playing pasta and eating mandolinos
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November 04, 2014, 04:58:11 PM |
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so, when will this bull run officially be relabeled a bull trap?
2h ago
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btcney
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November 04, 2014, 04:58:40 PM |
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You guys are getting hysterical. Literally NOTHING is happening to the price.
Are you blind? We about to go down
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grappa_barricata
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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November 04, 2014, 05:00:14 PM |
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Wow, I just had a look at the (extremely shallow, much moreso than BTC-E) order book of BTCChina and the "volume" (supposed to be x10 that of BTC-E) that it has. It's clear that almost all of it is fake.
Seems like fonzie is right, someone's trying to induce "arbitrage" and buy at other exchanges.
It is called 'speculative arbitrage', but please do not consider volume 'fake' - if it has consequences to you it ain't fake
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 04, 2014, 05:00:24 PM |
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N12
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November 04, 2014, 05:03:14 PM |
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Wow, I just had a look at the (extremely shallow, much moreso than BTC-E) order book of BTCChina and the "volume" (supposed to be x10 that of BTC-E) that it has. It's clear that almost all of it is fake.
Seems like fonzie is right, someone's trying to induce "arbitrage" and buy at other exchanges.
It is called 'speculative arbitrage', but please do not consider volume 'fake' - if it has consequences to you it ain't fake 0% fee volume not backed up by the order book is fake volume. Or inflated volume. Whatever term you prefer.
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Tzupy
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November 04, 2014, 05:03:43 PM |
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4h MACD suggests sideways or slow up for the next 24h, after that will come an inflection point.
Is there any reason to use 4h, rather than some other timeframe? Only that during the last couple of weeks it was a relatively reliable indicator (compared with other time frames). The inflection point is here. Either start testing major support or form local double bottom and go up in the short term. It looks like someone is taking advantage of the inflection point, where the market can be turned one way or another with minimum effort, and using BTCChina to crash. Volume reported by bitcoincharts is greater than Bitstamp, Bitfinex and BTC-E together, so it could be fake.
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derpinheimer
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November 04, 2014, 05:06:03 PM |
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lmao @ BTCChina
Also LOL @ how the main 3 chinese exchanges are way up today on volume. Combined effort to look relevant?
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fonzie
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November 04, 2014, 05:06:08 PM |
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Can we have a Bobby Lee AMA on reddit?
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N12
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November 04, 2014, 05:06:44 PM |
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Can we have a Bobby Lee AMA on reddit?
Maybe he can give an interview from his future jail cell?
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fonzie
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November 04, 2014, 05:08:06 PM |
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Posted this a few months ago: https://bitcointalk.org/index.php?topic=752432Let´s keep it simple. BTCChina were the only chinese exchange that had NO fees for a few months, look at the the picture. A few weeks ago they decided to go back to no fees. Can anyone see a difference? I´m not talking aobut "faking" volume, i´m taking about "real and relevant" volume, there´s a difference. BTCChina could be the volume market leader without having more than 1-2kBTC on their exchange, why would you follow such an exchange? Huobi and OKcoin always had no fees btw.
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grappa_barricata
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playing pasta and eating mandolinos
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November 04, 2014, 05:08:14 PM |
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Wow, I just had a look at the (extremely shallow, much moreso than BTC-E) order book of BTCChina and the "volume" (supposed to be x10 that of BTC-E) that it has. It's clear that almost all of it is fake.
Seems like fonzie is right, someone's trying to induce "arbitrage" and buy at other exchanges.
It is called 'speculative arbitrage', but please do not consider volume 'fake' - if it has consequences to you it ain't fake 0% fee volume not backed up by the order book is fake volume. Or inflated volume. Whatever term you prefer. Their book is razor thin but their volume is crazy (0-fee yes, but still real). When you see market orders in the trade history but not in the book it is because those offers in the book lasted for less than a second. What they are doing now is probably this: - place huge ask at BTChina - buy every asks that appear under the wall, buy from everybody that panic there - transfer those coins to other exchanges and dump them - price became lower overall What if somebody shows up at BTChina and try to resist this? Simple. Our trading hero has a lot more on reserve, for defensive purposes, and if the need arise he'll show them the muscles.
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Dotto
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No maps for these territories
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November 04, 2014, 05:08:25 PM |
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Mtgox didn't loose all those BTC, they were bought with a fake injection of USD from the people who control the paper money system. reality hurts i know.
Bold statements need bold evidences
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