lumierre (OP)
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May 26, 2014, 09:41:40 AM |
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Minute Chart: Daily Chart: Some similarities to BTC-e These price jumps or dumps are kinda strange. Did somebody really post those orders or is there something more to it?
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CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
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Josepht
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May 26, 2014, 09:43:41 AM |
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I guess it was just one single small trade.
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w0lverine
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May 26, 2014, 09:46:24 AM |
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when that trade came up on BTC-e I imagined someone missing a 0 when he typed his order.
his face when he realised the mistake must have been priceless..
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A free world that we are in control of. In the Bitcoin space since 2013. - bc1qjm0kpgleed7q2pjv9f4l4xs6vn86lkyqplhsl9 -
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segeln
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May 26, 2014, 10:01:52 AM |
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when that trade came up on BTC-e I imagined someone missing a 0 when he typed his order.
his face when he realised the mistake must have been priceless..
the same happened at BTCe with the 103$ mistyping earlier this year as I suppose
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MatTheCat
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May 26, 2014, 10:04:55 AM |
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People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
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windjc
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May 26, 2014, 10:06:03 AM |
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People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
Seriously? You can't just fathom that there was a glitch? Its got to be a grand conspiracy? Ok, whatever floats your boat.
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MatTheCat
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May 26, 2014, 10:14:11 AM |
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Seriously? You can't just fathom that there was a glitch? Its got to be a grand conspiracy? Ok, whatever floats your boat.
When Bitfinex went to $10K, they admitted they had been hacked. When BTC-e and Bitfinex went to $100, they never admitted a hack, but the fact that both of these exchange simultaneously went to this price, whereas the perhaps much more secure Bitstamp never, would suggest to me some kind of co-ordinated attack. Indeed, this has happened with Gox on more than one occasion, and these events were reported as 'hacks'...... ......so what the fuck are you talking about? Edit: Bobby Lee seems to be a bit of a 'conspiracy' nut as well as he has also alluded to the fact that the other Chinese exchanges fake liquidity. I wouldn't be surprised if the Chinese exchanges serve largely as a pumping and dumping tool of a consortium of Chinese whales with access to Western exchanges and money markets.
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zetaray
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May 26, 2014, 10:15:20 AM |
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For price to spike that high, a buy order would have to be so big that it cleared wall after wall and it would take slightly longer for sell orders to replenish. IMO, it has to be a glitch.
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MatTheCat
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May 26, 2014, 10:31:15 AM |
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For price to spike that high, a buy order would have to be so big that it cleared wall after wall and it would take slightly longer for sell orders to replenish. IMO, it has to be a glitch.
Or their auto-volume bot glitched and missed out the order book component of the program and shot right up to the max limit set?
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Wandererfromthenorth
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May 26, 2014, 10:35:55 AM |
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People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
Birfinex refunded the lost funds.
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Wandererfromthenorth
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May 26, 2014, 10:37:21 AM |
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For price to spike that high, a buy order would have to be so big that it cleared wall after wall and it would take slightly longer for sell orders to replenish. IMO, it has to be a glitch.
it would show up in volume, but of course it doesn't, so yes it's not a buy.
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sgbett
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May 26, 2014, 10:43:44 AM |
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People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
For every person that got burned, another person made out - two sides to every trade. You, of all people, should know the laws of the jungle by now!
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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jl2012
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May 26, 2014, 10:48:11 AM |
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I read a number of Chinese forums and no one is crying for this incident. So I believe it's only a glitch People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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akujin
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May 26, 2014, 10:51:20 AM |
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7 LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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freedomno1
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Learning the troll avoidance button :)
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May 26, 2014, 10:54:00 AM |
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For price to spike that high, a buy order would have to be so big that it cleared wall after wall and it would take slightly longer for sell orders to replenish. IMO, it has to be a glitch.
I agree you don't see a price chart like that in regular trading unless someone made some sort of giant order got hacked or a glitch occurs in the system itself anyways unusual stuff.
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Believing in Bitcoins and it's ability to change the world
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rudius
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May 26, 2014, 12:05:20 PM |
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For price to spike that high, a buy order would have to be so big that it cleared wall after wall and it would take slightly longer for sell orders to replenish. IMO, it has to be a glitch.
I agree you don't see a price chart like that in regular trading unless someone made some sort of giant order got hacked or a glitch occurs in the system itself anyways unusual stuff. what about snowballing short squeeze?
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okthen
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May 26, 2014, 12:27:55 PM |
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I think it was a glitch. It isn't there anymore...
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piramida
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Borsche
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May 26, 2014, 12:45:06 PM |
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I guess it was just one single small trade.
Since one small trade can't clear the orderbook, it must have been a bug in reporting, where an erroneous trade at 10000 was entered - either via bug or injected etc etc. Happens even on wall street, no surprise that it can happen on young exchanges.
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i am satoshi
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akujin
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May 26, 2014, 12:53:51 PM |
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7 LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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Fiyasko
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Okey Dokey Lokey
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May 27, 2014, 03:50:29 PM |
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Uhhh, What the hell?
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