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SkRRJyTC
Legendary
 Offline
Activity: 1008
Merit: 1000
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April 10, 2012, 04:20:21 PM |
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Today's candle could be forming a bearish hammer right now...
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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April 10, 2012, 06:14:06 PM |
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Today's candle could be forming a bearish hammer right now...
Oh no!  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
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April 10, 2012, 06:53:56 PM |
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Looks like price capping, not an attack - yet.
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 10, 2012, 10:50:41 PM |
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What the hell is that?  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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April 10, 2012, 10:57:24 PM |
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What the hell is that? Sell, sell, sell! |
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miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
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April 10, 2012, 11:00:57 PM |
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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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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 10, 2012, 11:03:41 PM |
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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 |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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April 10, 2012, 11:04:09 PM |
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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.... |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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April 10, 2012, 11:07:06 PM |
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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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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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April 11, 2012, 12:08:17 AM |
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I'm scared.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1016
Strength in numbers
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April 11, 2012, 12:13:32 AM |
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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?
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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April 11, 2012, 12:20:51 AM |
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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 |
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Crypt_Current
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April 11, 2012, 12:22:53 AM |
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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 |
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I don't understand what this means at all. Is someone committed to selling all those coins?
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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April 11, 2012, 12:31:01 AM |
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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. |
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bb113
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April 11, 2012, 12:47:55 AM |
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So is it possible to suddenly buy mt gox asks out to, lets say, $5 then force the bitcoinica asks to pay 5$ each?
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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April 11, 2012, 12:53:35 AM |
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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. |
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Cory
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April 11, 2012, 12:54:26 AM |
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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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