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Author Topic: Volumes gone?  (Read 4755 times)
fabianhjr
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June 19, 2011, 05:44:57 PM
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Just looked at MtGox after their record volume today.

All bids are gone?! D: TH now has more bids and at a higher rate. Someone dropped a lot of coins.

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lumberjack4
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June 19, 2011, 05:48:11 PM
 #2

Looks like someone just dumped ~100K BTC on the market...
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June 19, 2011, 05:51:38 PM
 #3

Make that 200K and counting.  This is stupid...
xanatos
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June 19, 2011, 05:52:00 PM
 #4

We are all poor! :-)
muyoso
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June 19, 2011, 05:53:02 PM
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A low of 4 today?  Jesus why couldn't it have stayed for more than a few minutes?

I drink it up!
lumberjack4
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June 19, 2011, 05:54:00 PM
 #6

Gox must have been hacked...  It's BTC's flash crash.
Gabi
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June 19, 2011, 05:54:10 PM
 #7

1$...
fabianhjr
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June 19, 2011, 05:54:52 PM
 #8

It reached 0.01 cent. Who is the lucky one that got that?

Dobrodav
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June 19, 2011, 05:55:04 PM
 #9

Tight your belts gentlements ...

We will  meet in not-so-distant future.
Today`s strange music :
http://www.youtube.com/watch?v=V8mCgjbBPMk
Yesterday`s  strange music:
http://www.youtube.com/watch?v=-uCTyC1FGLw
Gabi
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June 19, 2011, 05:55:40 PM
 #10

It says 15$ now
enmaku
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June 19, 2011, 05:56:12 PM
 #11

While the market depth chart is kind of freaky and cool to look at over on Mt. Gox, the market typically does see a drastic decrease of buyers over the weekend. In many areas it's quite difficult to get banks to move money on the weekends, so there aren't as many bids and once they're gone they take time to come back. Also keep in mind that Mt. Gox doesn't show the full volume on their charts/data, they only show buy/sell orders within a certain percentage of the most recent sale price, so there are likely buy orders down in the $10 range that, even though there is a $10 gridline on the chart, won't be shown because they are out of range for Mt Gox's chart-generating algorithm.

I'm not terribly worried, we might get to see another scary weekend low but as long as things manage not to crash completely before Monday or Tuesday we'll see the usual return to normal market volatility after the typically volatile weekend Smiley

sir murray
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June 19, 2011, 05:56:43 PM
 #12

Wow! Wish I had bought a lot of BTC while it was so cheap, it's back at 15 usd.
fabianhjr
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June 19, 2011, 05:57:26 PM
 #13

Yeah, more people came to buy. Though I still don't know who was the lucky bastard that got coins for 1 cent. D:

tsvekric
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June 19, 2011, 05:59:13 PM
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um someone just bought EVERY bid, including thousands of bitcoins for pennies.  The volume went from tens of thousands to over half a million.  From that list of 'largest wallets' NO ONE had half a million BTC.  I highly doubt someone had that much and sold it all down to nothing.  Something went wrong.  I wouldn't trust any sale on MtGox until we hear from them.
hypsterj
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June 19, 2011, 06:00:19 PM
 #15

I am unable to place any buy orders. I suspect Mt.Gox has been hacked or it's bugging out.
Dobrodav
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June 19, 2011, 06:01:27 PM
 #16

I am remembering some strange "high volume snake pattern transactions" not so long ago.
Looks like there is some connection.

We will  meet in not-so-distant future.
Today`s strange music :
http://www.youtube.com/watch?v=V8mCgjbBPMk
Yesterday`s  strange music:
http://www.youtube.com/watch?v=-uCTyC1FGLw
fabianhjr
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June 19, 2011, 06:05:11 PM
 #17

I am unable to place any buy orders. I suspect Mt.Gox has been hacked or it's bugging out.

Can anybody confirm?

dev^
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June 19, 2011, 06:06:04 PM
 #18

Someone sold 263K BTC.
But it seems that Mt. Gox has reverted this transaction.
warsmith
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June 19, 2011, 06:06:38 PM
 #19

Someone dumped around 300k bitcoins for 0.01$. Awesome.
Dobrodav
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June 19, 2011, 06:09:42 PM
 #20

Well, should we start to panick ?

We will  meet in not-so-distant future.
Today`s strange music :
http://www.youtube.com/watch?v=V8mCgjbBPMk
Yesterday`s  strange music:
http://www.youtube.com/watch?v=-uCTyC1FGLw
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