Bitcoin Forum
December 05, 2016, 04:46:50 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Clash of the Titans  (Read 3406 times)
antoineph
Full Member
***
Offline Offline

Activity: 181


View Profile
January 10, 2012, 06:08:28 AM
 #1

Buy to 6.89, then sell to 6.001. Crazy spread  Shocked
1480956410
Hero Member
*
Offline Offline

Posts: 1480956410

View Profile Personal Message (Offline)

Ignore
1480956410
Reply with quote  #2

1480956410
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480956410
Hero Member
*
Offline Offline

Posts: 1480956410

View Profile Personal Message (Offline)

Ignore
1480956410
Reply with quote  #2

1480956410
Report to moderator
1480956410
Hero Member
*
Offline Offline

Posts: 1480956410

View Profile Personal Message (Offline)

Ignore
1480956410
Reply with quote  #2

1480956410
Report to moderator
byronbb
Legendary
*
Offline Offline

Activity: 1400


HODL OR DIE


View Profile
January 10, 2012, 06:10:06 AM
 #2


Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
January 10, 2012, 06:10:19 AM
 #3

Buy to 6.89, then sell to 6.001. Crazy spread  Shocked

Seriously, someone's just fucking around with the market right now.  Doing it for lulz.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
January 10, 2012, 06:14:07 AM
 #4

Something like that is likely to result in a Double-Zhoutonging!!!  Could open a rift in the Satoshi-time continuum.
GeniuSxBoY
Hero Member
*****
Offline Offline

Activity: 546



View Profile
January 10, 2012, 06:15:09 AM
 #5

Something is not right.


Someone has found an exploit.


It's damn near impossible to predict when another person is going to make a big leap forward, much less simultaneously 3 times now, to my knowledge.



He must be buying and selling coins simultaneously to his advantage because he's done it multiple times.
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 10, 2012, 06:17:03 AM
 #6

Something is not right.


Someone has found an exploit.


It's damn near impossible to predict when another person is going to make a big leap forward, much less simultaneously 3 times now, to my knowledge.



He must be buying and selling coins simultaneously to his advantage because he's done it multiple times.

He's making his buys look like sells.  He's exploiting the fear of "OMG, look at that huge dump", when in fact, he bought much more than he sold.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
antoineph
Full Member
***
Offline Offline

Activity: 181


View Profile
January 10, 2012, 06:17:55 AM
 #7

Something is not right.


Someone has found an exploit.


It's damn near impossible to predict when another person is going to make a big leap forward, much less simultaneously 3 times now, to my knowledge.



He must be buying and selling coins simultaneously to his advantage because he's done it multiple times.

how do you know there's an exploit? Just because the same person is buying and selling coins? (that's not even a certainty)
legitnick
Hero Member
*****
Offline Offline

Activity: 532



View Profile WWW
January 10, 2012, 06:18:04 AM
 #8

I don't care what it is, I just hope it keeps up

gotta love this volatility
this.

5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
Hawkix
Hero Member
*****
Offline Offline

Activity: 517



View Profile WWW
January 10, 2012, 06:18:49 AM
 #9

This happened yesterday at about the same time of day, too.

Either:

a) the same person sells and buys
b) Zhoutongs algorithms gone maid
c) MtGox own trading against

Donations: 1Hawkix7GHym6SM98ii5vSHHShA3FUgpV6
http://btcportal.net/ - All about Bitcoin - coming soon!
rastapool
Sr. Member
****
Offline Offline

Activity: 456



View Profile
January 10, 2012, 06:19:01 AM
 #10


The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
old_engineer
Sr. Member
****
Offline Offline

Activity: 387


View Profile
January 10, 2012, 06:22:06 AM
 #11

I figure it's someone with USD and no BTC that accidentally left a sell order at $6.00, and as soon as they executed buy up to $6.70, the sell order was executed with the newly received coins.

Dan The Man
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 10, 2012, 06:22:39 AM
 #12

Someone checking to see if they can trigger some liquidation at Bitcoinica?

notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 10, 2012, 06:23:13 AM
 #13

I figure it's someone with USD and no BTC that accidentally left a sell order at $6.00, and as soon as they executed buy up to $6.70, the sell order was executed with the newly received coins.



lol.... that seems fairly likely

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
phorensic
Hero Member
*****
Offline Offline

Activity: 630



View Profile
January 10, 2012, 06:24:03 AM
 #14

That is one hell of a candlestick.  Does anybody have the technical name for it?  You know, like those other 40 names for candlesticks like morning star and shit?

notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 10, 2012, 06:27:24 AM
 #15

If it is one person what would their motive be?

Lets look at the result of their actions. Clearing out the asks and bids between 6 and 7 takes away the market depth between those numbers. This creates volatility for hours as people try to agree on a price again.

So, who profits from volatility?

If that was their goal, they seem to have failed.  It's right back where it was, and both sides of the order book are filling back in.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
phorensic
Hero Member
*****
Offline Offline

Activity: 630



View Profile
January 10, 2012, 06:27:46 AM
 #16

So, who profits from volatility?
Good traders.  It's like christmas for them.  I'm stuck in a long position above $7 and I refuse to liquidate.  If I wasn't stuck in a position I would have had an orgasm during that swing.
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
January 10, 2012, 06:29:34 AM
 #17

Nah this is just Zhoutong counter selling into price spikes so he won't have to execute any in place limit orders under his 4second or whatever delay rule.

It's also funny how this seems to really bork Gox's websocket amongst other things.

ArsenShnurkov
Legendary
*
Offline Offline

Activity: 1386



View Profile
January 10, 2012, 06:31:42 AM
 #18

If it is one person what would their motive be?

1. To declare his presence and might
2. To show price corridor which he think should be
3. To count the robots on the market

UPD:
4. He bought chunck of bitcoins without moving the price
happycamper
Jr. Member
*
Offline Offline

Activity: 30



View Profile
January 10, 2012, 06:35:58 AM
 #19

That is one hell of a candlestick.  Does anybody have the technical name for it?

I don't know the technical name, but i think we should call it madnipulator
old_engineer
Sr. Member
****
Offline Offline

Activity: 387


View Profile
January 10, 2012, 06:44:21 AM
 #20

I figure it's someone with USD and no BTC that accidentally left a sell order at $6.00, and as soon as they executed buy up to $6.70, the sell order was executed with the newly received coins.



god, wouldn't you just feel like a total douche?
Yep, I have, several times in fact.  I think my biggest fuckup like this was a 300 btc buy, but thankfully the spread wasn't nearly so wide.
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!