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Author Topic: So this just happened in Huobi.  (Read 2425 times)
okthen
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May 27, 2014, 06:41:39 PM
 #21



Did huobi contact bitcoinwisdom to erase it? bitcoinity still has it. jejeje  Grin Grin Grin

Weird stuff... They erased it really fast from Bitcoinwisdom.
I remember checking Huobi's website and they didn't have it as a day highest either.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Gimmelfarb
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May 27, 2014, 06:55:42 PM
 #22

this was just an API error, correct? looking at bitcoin wisdom and trading view, it doesn't even appear to have ever happened. so i'm assuming it was just a glitch of some sort.
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May 27, 2014, 07:15:35 PM
 #23

It sounds like Huobi sending bad data over the socket. Probably something dumb like a formatting error. But if two sites show(ed) it, then the first place I suspect is Huobi API.

There is no way that would've been real with such low volume. Com'on, guys!

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May 27, 2014, 07:46:23 PM
 #24

LOL if huobi spiked there and we found ourselves right back at this current price level, i think that would appear pretty damn bearish, don't you? Tongue
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May 27, 2014, 07:51:43 PM
 #25



Did huobi contact bitcoinwisdom to erase it? bitcoinity still has it. jejeje  Grin Grin Grin

Weird stuff... They erased it really fast from Bitcoinwisdom.
I remember checking Huobi's website and they didn't have it as a day highest either.

Yes it seems like they erased it quicly, i wonder what will happen in the other charts.
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May 27, 2014, 09:02:45 PM
 #26

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!

So it's a "bungle in the jungle?"
Something had to cause the glitch, I wonder what actually happened with their software?
or... Was it a real spike and a preview of next months Rally?  Grin

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May 28, 2014, 02:40:09 AM
 #27

The flash crash in stocks did come before they fell anyway but never actually went as far down as many recorded in error.    So its basically erroneous I think.  If you want details of a real spike, look at the takeover of VW by Porsche

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May 28, 2014, 10:28:51 PM
 #28

Looks like Chinese Willy has behavioural difficulties.
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