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June 09, 2014, 06:30:15 PM |
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Hi harposox, >thanks for the TA. you're welcome, thanks for the feedback.
In relation to the massive spike there are various theories. Some include a clever bot script that takes advantage of other bots which respond to volume increase in an exchange, basically roping them in and making cents on a no-fee trade. Other theoies abound. My theory is that the exchange may want to increase their volume standing on LTC for perhaps an alliance deal or something of that nature. What is known is that the exchange let it happen. They have a plethora of data and the increase in volume early on would have sounded alarms. They didn't seem to react. I really just don't know. All conjecture.
In relation to BTC-e - well they are the biggest LTC exhange by volume. The BUY LIMIT order in my opinion is ligit. I would have staggered my orders but each to his own. Manipulation. Nuh. Besides holding up the price is a VERY dangerous game as one trader who exchanged 2000+ BTC for FTC would know.
cheers
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