Bitcoin Forum
December 10, 2016, 03:00:18 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Big buy just now  (Read 2211 times)
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
January 14, 2012, 07:32:37 AM
 #21


1481382018
Hero Member
*
Offline Offline

Posts: 1481382018

View Profile Personal Message (Offline)

Ignore
1481382018
Reply with quote  #2

1481382018
Report to moderator
1481382018
Hero Member
*
Offline Offline

Posts: 1481382018

View Profile Personal Message (Offline)

Ignore
1481382018
Reply with quote  #2

1481382018
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481382018
Hero Member
*
Offline Offline

Posts: 1481382018

View Profile Personal Message (Offline)

Ignore
1481382018
Reply with quote  #2

1481382018
Report to moderator
1481382018
Hero Member
*
Offline Offline

Posts: 1481382018

View Profile Personal Message (Offline)

Ignore
1481382018
Reply with quote  #2

1481382018
Report to moderator
1481382018
Hero Member
*
Offline Offline

Posts: 1481382018

View Profile Personal Message (Offline)

Ignore
1481382018
Reply with quote  #2

1481382018
Report to moderator
jothan
Full Member
***
Offline Offline

Activity: 184


Feel the coffee, be the coffee.


View Profile
January 14, 2012, 07:32:57 AM
 #22



The uptrend line was intact, we bounced from it perfectly. That means that short term we are bullish as never.

Yup, the slow but not-quite-steady recovery line is intact, it would mean that the current demand, however small, is able to support this price increase.

I was starting to despair after the last price drop, you just made my day (saturday, I think).

Bitcoin: the only currency you can store directly into your brain.

What this planet needs is a good 0.0005 BTC US nickel.
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
January 14, 2012, 07:33:44 AM
 #23




 Roll Eyes

resistance will keep it sane!
jothan
Full Member
***
Offline Offline

Activity: 184


Feel the coffee, be the coffee.


View Profile
January 14, 2012, 07:34:00 AM
 #24



Um, ya, I'm going to have to sort of disagree with you there.

Bitcoin: the only currency you can store directly into your brain.

What this planet needs is a good 0.0005 BTC US nickel.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
January 14, 2012, 07:36:47 AM
 #25

 Cheesy

old_engineer
Sr. Member
****
Offline Offline

Activity: 387


View Profile
January 14, 2012, 07:46:33 AM
 #26

I suspect there were multiple players in that

What I don't understand is this. The buy comes first, clearing out quite a bit of asks. Then, when there is no volume in that range, a large sell comes, most of it at prices lower than where the buy started. Does someone get off on losing money?

If it's done by a single person, then yes, the guy will lose money. So most likely it's accidental.
+1 on accidental - the Mt. Gox UI/ordering process makes this too easy. Though one might be tempted to say that bitcoin attracts trading n00bs, fat finger trades are not uncommon in the real world, either.
Quote
Perhaps the most famous story of a Fat Finger Trade would be that of a trader in Japan who fat fingered a trade in a newly listed company. He meant to sell one solitary share of a company (J-COM) for 610,000 Yen. Instead he entered a trade to sell 610,000 shares for 1 Yen. What’s even more strange is that there were only 50,000 shares publicly listed in J-COM, but the exchange let the order process.

It is estimated that the loss incurred was about $225 million (USD).

But bitcoinica creates volatility with programmed logic, and on this point too, the stock market isn't any better, with the 2010 flash crash causing 10% drop in 4 minutes, resulting in
Quote
A stock market anomaly, the major market indexes dropped by over 9% (including a roughly 7% decline in a roughly 15 minute span at approximately 2:45 pm eastern time on May 6, 2010[46][47]) before a partial rebound.[5] Temporarily, $1 trillion in market value disappeared.[48] While stock markets do crash, immediate rebounds are unprecedented. The stocks of eight major companies in the S&P 500 fell to one cent per share for a short time, including Accenture, CenterPoint Energy and Exelon; while other stocks, including Sotheby's, Apple, and Hewlett-Packard, increased in value to over $100,000 in price
It seems our new crypt-currency trading system has some of the same misfeatures as traditional trading systems. Smiley
deepceleron
Legendary
*
Offline Offline

Activity: 1470



View Profile WWW
January 14, 2012, 11:53:38 AM
 #27

Again, it's pretty clear that someone left some "insufficient funds" sell orders while buying.

I watched the whole thing live too, the sell simply came too quickly.

I wonder why Mt. Gox left such orders open at all, did any real-world exchanges do that?

You mean an "oops, your BTC are now all our fees?"

Sitarow
Legendary
*
Offline Offline

Activity: 1624



View Profile
January 14, 2012, 01:28:45 PM
 #28

Actually this can be used as a good tool.

Lets say you set a buy at $6. And you presently have a few sells at lets say $7. You can create further sell/shorts at $7 before your orders at $6 get met.

When your buy orders at $6 get filled, you are now able to auto-sell at $7 when the market moves there.
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
January 14, 2012, 02:22:24 PM
 #29

Actually this can be used as a good tool.

Lets say you set a buy at $6. And you presently have a few sells at lets say $7. You can create further sell/shorts at $7 before your orders at $6 get met.

When your buy orders at $6 get filled, you are now able to auto-sell at $7 when the market moves there.

Yeah, it makes sense. But well, now we have Bitcoinica for this, and it's even better. :-)

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
teflone
Hero Member
*****
Offline Offline

Activity: 770


You're fat, because you dont have any pics on FB


View Profile
January 14, 2012, 03:07:59 PM
 #30



Thanks, but my guitar is already tuned pretty nicely.

I thought that too!  ha

For Canadians by Canadians: Canada's Bitcoin Community - https://www.coinforum.ca/
Pages: « 1 [2]  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!