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Author Topic: 15,000 BTC sell order  (Read 3560 times)
R-
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April 10, 2012, 04:00:07 PM
 #1

Somebodies going short..maybe they have no faith in 4/20  Shocked
http://gyazo.com/d16b4c627cfe0667fab5001741bb0485
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April 10, 2012, 04:20:21 PM
 #2

Today's candle could be forming a bearish hammer right now...
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April 10, 2012, 06:14:06 PM
 #3

Today's candle could be forming a bearish hammer right now...

Oh no! 

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April 10, 2012, 06:52:25 PM
 #4

lulz, awesome

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
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April 10, 2012, 06:53:56 PM
 #5

Looks like price capping, not an attack - yet.
RyNinDaCleM
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April 10, 2012, 10:50:41 PM
 #6

What the hell is that?


notme
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April 10, 2012, 10:57:24 PM
 #7

What the hell is that?



Sell, sell, sell!

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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April 10, 2012, 11:00:57 PM
 #8

What the hell is that?

JP Bitcoinica capping price; demoralization tactics. Probably to be followed by a push down, scaring or forcing poorly-positioned leverage players out.
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April 10, 2012, 11:03:41 PM
 #9

What the hell is that?



Sell, sell, sell!

Pretty much! I just didn't want to break any imposed "posting guidelines".


@miscreanity

Lol
JP Bitcoinica

notme
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April 10, 2012, 11:04:09 PM
 #10

What the hell is that?



Sell, sell, sell!

Pretty much! I just didn't want to break any imposed "posting guidelines".


@miscreanity

Lol
JP Bitcoinica

What if it's not a joke....

https://www.bitcoin.org/bitcoin.pdf
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April 10, 2012, 11:07:06 PM
 #11

What the hell is that?



Sell, sell, sell!

Pretty much! I just didn't want to break any imposed "posting guidelines".


@miscreanity

Lol
JP Bitcoinica

What if it's not a joke....

It would still a funny branding of Bitcoinica!

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April 11, 2012, 12:08:17 AM
 #12

I'm scared.
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April 11, 2012, 12:13:32 AM
 #13

Why is there only 10k on the buy side? Where is all of the natural sell side? Someone shopped this and did it that badly?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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April 11, 2012, 12:20:51 AM
 #14

Why is there only 10k on the buy side? Where is all of the natural sell side? Someone shopped this and did it that badly?

It's bitcoinica's book:
http://btccharts.com/#m=btca-BTC-USD

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Crypt_Current
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April 11, 2012, 12:22:53 AM
 #15

To their credit, the Bitcoinica order book is relatively new and probably far from perfect.

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bb113
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April 11, 2012, 12:25:31 AM
 #16

I don't understand what this means at all. Is someone committed to selling all those coins?
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April 11, 2012, 12:31:01 AM
 #17

I don't understand what this means at all. Is someone committed to selling all those coins?

If MtGox bids moves that high, Bitcoinica will begin to selling into those bids 50 BTC at a time until they are gone.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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bb113
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April 11, 2012, 12:47:55 AM
 #18

So is it possible to suddenly buy mt gox asks out to, lets say, $5 then force the bitcoinica asks to pay 5$ each?
notme
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April 11, 2012, 12:53:35 AM
 #19

So is it possible to suddenly buy mt gox asks out to, lets say, $5 then force the bitcoinica asks to pay 5$ each?

If you buy up to $5, you might get bids that high and then the Bitcoinica sellers will get more USD for their BTC.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Cory
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April 11, 2012, 12:54:26 AM
 #20

We don't have a mechanism of removing unfunded orders at the moment, because in our system, we only process the order when the price reaches the trigger, including the margin assessment.

We didn't previously open our order book to the public so that was not part of our consideration. It's not a bug, but it does affect the usefulness of the data.

Currently we're in a process of rewriting our matching algorithm to make everything faster and more sensible. We admit that our current algorithm isn't that suitable for a large-scale trading platform like what we are now. It was designed for thousands of dollars of trade per day.

Limit orders only. This is not a reference for real market liquidity as margin assessment has not been performed.

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