Bitcoin Forum
June 25, 2018, 04:11:48 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: WTF  (Read 3751 times)
RandyFolds
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
January 04, 2012, 07:30:15 PM
 #41

Anyone pondered the whole 'Iran's currency dropping 30% in value in a week' as a possible driving force for this spike? Iran only allows citizens to convert $2000USD in foreign currency at standard rate and people are hustling for a store of value/conduit to a different store of value.
1529943108
Hero Member
*
Offline Offline

Posts: 1529943108

View Profile Personal Message (Offline)

Ignore
1529943108
Reply with quote  #2

1529943108
Report to moderator
1529943108
Hero Member
*
Offline Offline

Posts: 1529943108

View Profile Personal Message (Offline)

Ignore
1529943108
Reply with quote  #2

1529943108
Report to moderator
1529943108
Hero Member
*
Offline Offline

Posts: 1529943108

View Profile Personal Message (Offline)

Ignore
1529943108
Reply with quote  #2

1529943108
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529943108
Hero Member
*
Offline Offline

Posts: 1529943108

View Profile Personal Message (Offline)

Ignore
1529943108
Reply with quote  #2

1529943108
Report to moderator
1529943108
Hero Member
*
Offline Offline

Posts: 1529943108

View Profile Personal Message (Offline)

Ignore
1529943108
Reply with quote  #2

1529943108
Report to moderator
anu
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001


RepuX - Enterprise Blockchain Protocol


View Profile
January 04, 2012, 07:41:27 PM
 #42

Anyone pondered the whole 'Iran's currency dropping 30% in value in a week' as a possible driving force for this spike? Iran only allows citizens to convert $2000USD in foreign currency at standard rate and people are hustling for a store of value/conduit to a different store of value.

But how do you convert Iranian Rial to Bitcoin without going through USD/EUR/GBP... first?

▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄
███████████▄    ▄███████████
█████████████▄▄█████████████
████████████████████████████
████████████████████████████
▀█████████████████████████▀
  ▀█████████████████████▀
   ▄████████████████████▄
 ████████████████████████▄
████████████████████████████
████████████████████████████
█████████████▀▀█████████████
███████████▀    ▀███████████
▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀▀▀▀▀▀
RepuX▄██▄
████
████
████
████
████
████
████
▀██▀
.Decentralized Data & Applications Protocol For SMEs.
.
▔▔▔▔  ●  Twitter  ●  Facebook  ●  Bitcointalk  ●  Reddit  ●  ▔▔▔▔
▄██▄
████
████
████
████
████
████
████
▀██▀
Enterprise Blockchain Protocol
.GET WHITELISTED.
Token Sale starts 6th of February 2018
echowhiskey
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
January 04, 2012, 07:43:04 PM
 #43

You buy video cards?
RandyFolds
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
January 04, 2012, 07:52:28 PM
 #44

Anyone pondered the whole 'Iran's currency dropping 30% in value in a week' as a possible driving force for this spike? Iran only allows citizens to convert $2000USD in foreign currency at standard rate and people are hustling for a store of value/conduit to a different store of value.

But how do you convert Iranian Rial to Bitcoin without going through USD/EUR/GBP... first?

Is there really no way to get rial into the system? International wire transfers? Why are there so many currencies listed on bitcoinwatch if no one accepts their deposit? Their limit is in converting to cash.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
January 04, 2012, 07:56:52 PM
 #45

You buy video cards?

LOL!
Serge
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


View Profile
January 04, 2012, 07:57:51 PM
 #46

gentlemen on thUSD the party seams to be over, the bear killed the music band and 1btc is 5,349

i can sell you cheap one just for $5,000.00   due to volatility offer expires in 30minutes
dree12
Legendary
*
Offline Offline

Activity: 1246
Merit: 1029



View Profile
January 04, 2012, 08:40:49 PM
 #47

gentlemen on thUSD the party seams to be over, the bear killed the music band and 1btc is 5,349

i can sell you cheap one just for $5,000.00   due to volatility offer expires in 30minutes
,=. outside USA
In fact, "." is used primarily in three continents: North America, Asia, and Austrailia. "," is used primarily in only 2: Europe and South America. This wikipedia section details this in more detail.
Otoh
Donator
Legendary
*
Offline Offline

Activity: 2338
Merit: 1008



View Profile
January 04, 2012, 08:46:26 PM
 #48

UK, is totally .

BTC = $c²     My BTC addie = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     DASH, Digital Cash = www.dash.org     VIA, The future of crypto-currency = www.via.org 
Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized and responsive. I've had dozens of nodes with them.
CHARITY | MY REP | PREDICTION | PREDICTION 2
bitcoinBull
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


rippleFanatic


View Profile
January 05, 2012, 11:26:39 PM
 #49

Even if you're bearish, I don't know why you would sell immediately after a run like that.

I agree, that's weird.  Sometimes when there's a big buy, a bot will do an equally big sell immediately after.  I don't understand that strategy.

This time the sell was relatively puny (~2600 btc sold after ~20k btc bought), and it was minutes afterward, so probably not a bot.

[12:43] <bitcoinRT> Jan04 17:39:35 | Bid: 5.29     | Ask: 5.321    | Last: 5.32098  | Volume: 108690
[12:45] <bitcoinRT> Jan04 17:41:11 | Bid: 5.33847  | Ask: 5.7      | Last: 5.69619  | Volume: 125090
[12:46] <bitcoinRT> Jan04 17:42:43 | Bid: 5.6972   | Ask: 5.7      | Last: 5.7      | Volume: 127795
[12:49] <bitcoinRT> Jan04 17:45:47 | Bid: 5.39216  | Ask: 5.39327  | Last: 5.39664  | Volume: 130249
[12:51] <bitcoinRT> Jan04 17:47:20 | Bid: 5.39077  | Ask: 5.39327  | Last: 5.23     | Volume: 130462
[12:52] <bitcoinRT> Jan04 17:48:52 | Bid: 5.35035  | Ask: 5.39327  | Last: 5.39327  | Volume: 130700

I guess it may be "operator" error. He noticed large buy up to 5.70 and wanted to sell into it. Not realizing the spread is huge ....


*Eureka*.  Just realized that these are bitcoinica stop or trailing stop orders placed to sell at a higher price.  Stop orders become market orders when a target price is breached, so they just get dumped onto the thin bid depth after the upward spike.

These sellers should use limit orders instead, or (if bitcoinica offered them) stop-limit orders.

College of Bucking Bulls Knowledge
Sitarow
Legendary
*
Offline Offline

Activity: 1778
Merit: 1043



View Profile
January 05, 2012, 11:34:58 PM
 #50

Even if you're bearish, I don't know why you would sell immediately after a run like that.

I agree, that's weird.  Sometimes when there's a big buy, a bot will do an equally big sell immediately after.  I don't understand that strategy.

This time the sell was relatively puny (~2600 btc sold after ~20k btc bought), and it was minutes afterward, so probably not a bot.

[12:43] <bitcoinRT> Jan04 17:39:35 | Bid: 5.29     | Ask: 5.321    | Last: 5.32098  | Volume: 108690
[12:45] <bitcoinRT> Jan04 17:41:11 | Bid: 5.33847  | Ask: 5.7      | Last: 5.69619  | Volume: 125090
[12:46] <bitcoinRT> Jan04 17:42:43 | Bid: 5.6972   | Ask: 5.7      | Last: 5.7      | Volume: 127795
[12:49] <bitcoinRT> Jan04 17:45:47 | Bid: 5.39216  | Ask: 5.39327  | Last: 5.39664  | Volume: 130249
[12:51] <bitcoinRT> Jan04 17:47:20 | Bid: 5.39077  | Ask: 5.39327  | Last: 5.23     | Volume: 130462
[12:52] <bitcoinRT> Jan04 17:48:52 | Bid: 5.35035  | Ask: 5.39327  | Last: 5.39327  | Volume: 130700

I guess it may be "operator" error. He noticed large buy up to 5.70 and wanted to sell into it. Not realizing the spread is huge ....


*Eureka*.  Just realized that these are bitcoinica stop or trailing stop orders placed to sell at a higher price.  Stop orders become market orders when a target price is breached, so they just get dumped onto the thin bid depth after the upward spike.

These sellers should use limit orders instead, or (if bitcoinica offered them) stop-limit orders.

Shh... its a secret.
proudhon
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
January 05, 2012, 11:43:34 PM
 #51

Damn.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!