dree12
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Activity: 1246
Merit: 1077
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October 26, 2013, 11:50:35 PM |
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It's not that BTC-E volume has gone up, it's that Bitstamp/Gox/BTCChina volume has gone down. BTC-E is catching up in terms of prices, so this is to be expected.
False. The actual volume number has gone way up, not just the ratio. One day they were doing 8Kbtc per day on average and then it shot up to 20K-45K per day.  I do not see anything suspicious in this chart of BTC-E volume over the past few days. This looks very normal to me, given the Bitcoin trend reversal. |
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TERA
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October 27, 2013, 12:00:33 AM |
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The volume increase I mentioned occurred weeks ago. It is not in that chart.
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Walsoraj
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October 27, 2013, 01:52:30 AM |
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quoting my brilliant self: Consider the following scenarios:
1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and
2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders.
A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will.
This should be common sense.
So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. Indulge us, please... Not sure. I didn't actually read anything in this thread, other than the title. |
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bernard75
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Activity: 1316
Merit: 1003
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October 27, 2013, 02:20:27 AM |
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Whats so surprising about that?
They are 20%+ below Gox obviously there is some arbitrage trading going on.
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derpinheimer
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Activity: 896
Merit: 1000
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October 27, 2013, 02:46:26 AM |
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Whats so surprising about that?
They are 20%+ below Gox obviously there is some arbitrage trading going on.
...arb traders... dont make 20k of volume.. lmao |
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bernard75
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Activity: 1316
Merit: 1003
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October 27, 2013, 02:50:35 AM |
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You do understand arbitrage trading?
Its instant cash, the more you invest the larger the profit.
On the other hand the rate hasnt moved much.
Maybe they are going Chinese style and modifying their API.
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derpinheimer
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Activity: 896
Merit: 1000
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October 27, 2013, 02:52:10 AM |
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You do understand arbitrage trading?
Its instant cash, the more you invest the larger the profit.
On the other hand the rate hasnt moved much.
Maybe they are going Chinese style and modifying their API.
There wouldnt be 20k coins on BTC-E to arb. |
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thoughtfan
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October 27, 2013, 11:47:05 AM |
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Just a thought, given btc-e has been top of the volume table for nigh on a day now: OP, How's about changing the title of this thread to Wall Observer: BTC-e wall movement tracker?
I kinda like having mainly headed to the gox wall thread for a year or so now, over the last couple of months flipping between the various wall threads now that the era of gox's dominance appears to be over. It would be nice to have a btc-e one too (unless there's one already I've missed out on)?
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DobZombie
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October 27, 2013, 03:44:39 PM |
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I trade there. The walls are usually fake, but sometimes, they get market ordered through before they can be pulled. That's fun to watch. Seen it happen several times the past couple days. Does seem a bit high though. 25k wouldn't have surprised me, though.
Boris, The Sneaky fucking russian!  |
Tip Me if believe BTC1 will hit $1 Million by 2030
1DobZomBiE2gngvy6zDFKY5b76yvDbqRra
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theonewhowaskazu
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October 27, 2013, 08:06:37 PM |
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Russians > Everyone else.
In all seriousness though, the growth in volume probably has more to do with the Altcoin crash than anything else.
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byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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October 27, 2013, 08:17:20 PM |
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quoting my brilliant self: Consider the following scenarios:
1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and
2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders.
A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will.
This should be common sense.
So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. Indulge us, please... There is a reason this guy's ignore button glows brightly............ |
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myself
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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October 27, 2013, 08:38:35 PM |
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here is the reason  |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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