antoineph (OP)
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January 10, 2012, 06:08:28 AM |
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Buy to 6.89, then sell to 6.001. Crazy spread
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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January 10, 2012, 06:10:06 AM |
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Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
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January 10, 2012, 06:10:19 AM |
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Buy to 6.89, then sell to 6.001. Crazy spread Seriously, someone's just fucking around with the market right now. Doing it for lulz.
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evoorhees
Legendary
Offline
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
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January 10, 2012, 06:14:07 AM |
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Something like that is likely to result in a Double-Zhoutonging!!! Could open a rift in the Satoshi-time continuum.
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GeniuSxBoY
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January 10, 2012, 06:15:09 AM |
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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.
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Be humble!
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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January 10, 2012, 06:17:03 AM |
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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.
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antoineph (OP)
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January 10, 2012, 06:17:55 AM |
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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)
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legitnick
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January 10, 2012, 06:18:04 AM |
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I don't care what it is, I just hope it keeps up
gotta love this volatility
this.
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Hawkix
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January 10, 2012, 06:18:49 AM |
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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
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rastapool
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January 10, 2012, 06:19:01 AM |
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The parasite hates three things: free markets, free will, and free men. Napster is down - this is the END of illegal file sharing!
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old_engineer
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January 10, 2012, 06:22:06 AM |
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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.
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Dan The Man
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January 10, 2012, 06:22:39 AM |
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Someone checking to see if they can trigger some liquidation at Bitcoinica?
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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January 10, 2012, 06:23:13 AM |
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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
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phorensic
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January 10, 2012, 06:24:03 AM |
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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?
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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January 10, 2012, 06:27:24 AM |
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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.
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phorensic
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January 10, 2012, 06:27:46 AM |
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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.
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Bigpiggy01
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January 10, 2012, 06:29:34 AM |
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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.
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ArsenShnurkov
Legendary
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Activity: 1386
Merit: 1000
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January 10, 2012, 06:31:42 AM Last edit: January 10, 2012, 07:07:12 AM by ArsenShnurkov |
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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
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happycamper
Newbie
Offline
Activity: 30
Merit: 0
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January 10, 2012, 06:35:58 AM |
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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
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old_engineer
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January 10, 2012, 06:44:21 AM |
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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.
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