♛ Bitcoin is 3200 Euro!!! ♛

[zorke]

Wow, looking at the chart on bitcoinwisdom makes me want to set high sells on all the fiat exchanges just in case this ever happens again

Yea, and low bids too. Especially on btc-e as i also remember it went down to 100$..

best guess its just some russian/bulgarian/wtvaeasterner rich dude drinking too much vodka and being a bit itchy sometimes.

btc-e went down to 309 IIRC during the last margin related crash.

In order for your strategy to work you would need to set orders for less commonly traded currency pairs as the BTC-USD pair was not effected and I don't believe that you can trade various types of fiat currencies on most bitcoin exchanges.

[mangodream]

3200€ seller dude:

[Mikcik]

A knife on the monitor? Do you want to cut it?  . That's only a simple wrong of some BOT, poor user that have it. I don't think that someone has bought a great quantity of btc for that price.

i looked at the charts in bitcoinwisdom and it's pretty interesting in fact, not just a single misclick.

around 0:30 UTC 8th september the price started moving with larger volumes for that market.


first it reached about 400 euro with a volume of 45 bitcoin ($517.77) (intervals of 5 minutes)
at 0:55 UTC it reached a volume of 93 bitcoin and a peak of €472 ($611)

that was just the start

at 1:15 UTC a volume of 98 bitcoin and a peak of €737 ($954)
at 1:30 is really gets crazy and prices reach €3200 ($4142).

soon after that volume picks up even more and price dwindles back to previous levels.

however peaks up to €1000 persist all the way up till 2:30 and peaks to €500 even as far as 5:05

since that moment the volume is much higher than the volume before it.

what the hell are you talkign about, where did you see it, i dont see it at

https://bitcoinwisdom.com/markets/btce/btcusd

no spikes there, tell us the precise settings of bitcoinwisdom.com to get to yours statistics...

[nope491]

3200€ seller dude:

Yes indeed, I wish I would be the one who sold that high...

[Febo]

A knife on the monitor? Do you want to cut it?  . That's only a simple wrong of some BOT, poor user that have it. I don't think that someone has bought a great quantity of btc for that price.

i looked at the charts in bitcoinwisdom and it's pretty interesting in fact, not just a single misclick.

around 0:30 UTC 8th september the price started moving with larger volumes for that market.


first it reached about 400 euro with a volume of 45 bitcoin ($517.77) (intervals of 5 minutes)
at 0:55 UTC it reached a volume of 93 bitcoin and a peak of €472 ($611)

that was just the start

at 1:15 UTC a volume of 98 bitcoin and a peak of €737 ($954)
at 1:30 is really gets crazy and prices reach €3200 ($4142).

soon after that volume picks up even more and price dwindles back to previous levels.

however peaks up to €1000 persist all the way up till 2:30 and peaks to €500 even as far as 5:05

since that moment the volume is much higher than the volume before it.

what the hell are you talkign about, where did you see it, i dont see it at

https://bitcoinwisdom.com/markets/btce/btcusd

no spikes there, tell us the precise settings of bitcoinwisdom.com to get to yours statistics...

You are looking BTC/USD chart, but was on BTC/EUR chart.

[Barnabe]

I thought BTC markets had more depth than that... It's quite impressive that a handful (or even a individual) of persons are able to empty the sell list

[zimmah]

A knife on the monitor? Do you want to cut it?   . That's only a simple wrong of some BOT, poor user that have it. I don't think that someone has bought a great quantity of btc for that price.

i looked at the charts in bitcoinwisdom and it's pretty interesting in fact, not just a single misclick.

around 0:30 UTC 8th september the price started moving with larger volumes for that market.


first it reached about 400 euro with a volume of 45 bitcoin ($517.77) (intervals of 5 minutes)
at 0:55 UTC it reached a volume of 93 bitcoin and a peak of €472 ($611)

that was just the start

at 1:15 UTC a volume of 98 bitcoin and a peak of €737 ($954)
at 1:30 is really gets crazy and prices reach €3200 ($4142).

soon after that volume picks up even more and price dwindles back to previous levels.

however peaks up to €1000 persist all the way up till 2:30 and peaks to €500 even as far as 5:05

since that moment the volume is much higher than the volume before it.

what the hell are you talkign about, where did you see it, i dont see it at

https://bitcoinwisdom.com/markets/btce/btcusd

no spikes there, tell us the precise settings of bitcoinwisdom.com to get to yours statistics...

the exact settings i used back then are no longer valid because the 5m chart does not go back in time that far.

the 15 minute chart however does.

i'll make a screenshot and tell you how i set it up

the BTC-e Chart on BTC-EUR on bitcoinwisdom.com (https://bitcoinwisdom.com/markets/btce/btceur) on 15m time interval.

you can clearly see that the price was higher than normal for about 5 hours, and not just for a few minutes.



note the volume (in bitcoin)


(OMG, a 88.75% drop in 1 hour! bitcoin is doomed!) 

[pringbit]

The next bubble will bring the current all time high to a value higher than 3200, but the question is "when".

[Zeta0S]

A knife on the monitor? Do you want to cut it?   . That's only a simple wrong of some BOT, poor user that have it. I don't think that someone has bought a great quantity of btc for that price.

i looked at the charts in bitcoinwisdom and it's pretty interesting in fact, not just a single misclick.

around 0:30 UTC 8th september the price started moving with larger volumes for that market.


first it reached about 400 euro with a volume of 45 bitcoin ($517.77) (intervals of 5 minutes)
at 0:55 UTC it reached a volume of 93 bitcoin and a peak of €472 ($611)

that was just the start

at 1:15 UTC a volume of 98 bitcoin and a peak of €737 ($954)
at 1:30 is really gets crazy and prices reach €3200 ($4142).

soon after that volume picks up even more and price dwindles back to previous levels.

however peaks up to €1000 persist all the way up till 2:30 and peaks to €500 even as far as 5:05

since that moment the volume is much higher than the volume before it.

what the hell are you talkign about, where did you see it, i dont see it at

https://bitcoinwisdom.com/markets/btce/btcusd

no spikes there, tell us the precise settings of bitcoinwisdom.com to get to yours statistics...

the exact settings i used back then are no longer valid because the 5m chart does not go back in time that far.

the 15 minute chart however does.

i'll make a screenshot and tell you how i set it up

the BTC-e Chart on BTC-EUR on bitcoinwisdom.com (https://bitcoinwisdom.com/markets/btce/btceur) on 15m time interval.

you can clearly see that the price was higher than normal for about 5 hours, and not just for a few minutes.



note the volume (in bitcoin)


(OMG, a 88.75% drop in 1 hour! bitcoin is doomed!) 

Thanks!
So it ai`t a wild bot to

[Unbelive]

I thought BTC markets had more depth than that... It's quite impressive that a handful (or even a individual) of persons are able to empty the sell list

depends of the exchange and what currency you use. When you buy lots of anything you shoudl always go to exchange with most volume, if get seller out of exchange not to move market to much as was in this case.

[Zeta0S]

Lovely

[wasserman99]

I thought BTC markets had more depth than that... It's quite impressive that a handful (or even a individual) of persons are able to empty the sell list

depends of the exchange and what currency you use. When you buy lots of anything you shoudl always go to exchange with most volume, if get seller out of exchange not to move market to much as was in this case.

I think it was the fact that the currency pair to bitcoin was the Euro. I am pretty sure that BTC/EUR trading is pretty low when compared to BTC/USD trading. Plus the fact that it is not possible to trade between fiat currencies (for example the USD/EUR or EUR/British Pound) on bitcoin exchanges will make it so these pairs will not correlate as much as they should

[criptix]

a picture says more then thousand words...
this time the picture says there were some some million euros buying btc at a price of 1000-3200 € LOL

ladies and gentlemans, your just caught a glimpse of the future  

[superresistant]

 
Could it be a viral advertising campaign from BTC-e ?
Now everyone is depositing on it.

[Zeta0S]

Could it be a viral advertising campaign from BTC-e ?
Now everyone is depositing on it.

nah.

[Ghepetto]

Could it be a viral advertising campaign from BTC-e ?
Now everyone is depositing on it.

nah.

I have two trains of thought on this:

It could it be an attempt to get you to deposit btc and gox you?   Then blame it on the conflict in the area, maybe.

OR

Whale showing us the next target?




thoughts?

[malexls]

Was there whole night the 8th, got some offer at 458 but i didn't see 3k offers at all, it's weird

Could it be someone selling to himself and some bot/guys followed the price?

[Hyena]

Why is this not shown here: http://bitcoinity.org/markets/btce/USD

[superresistant]

Why is this not shown here: http://bitcoinity.org/markets/btce/USD

dude...
http://bitcoinity.org/markets/btce/EUR
30d

high: 3.200      low: 0.275

[zimmah]

Was there whole night the 8th, got some offer at 458 but i didn't see 3k offers at all, it's weird

Could it be someone selling to himself and some bot/guys followed the price?

when you place an order on an exchange, the offer that best matches (i.e. the 'cheapest' for you) your request gets filled, you can not choose which trader to trade with.

for example, if i want to buy a bitcoin and want to buy for say $5000, but the lowest offer is $300, it will automatically buy the $300 one. Even if someone is actually selling for $5000, it's impossible to buy the $5000 before all cheaper options are gone.

If i buy a lot of bitcoin and putting €3200 as the limit, then it would continue buying bitcoin until either 1) there are no bitcoins available for €3200 or cheaper or 2) I run out of money. whichever happens first. It will first buy the cheapest, then the second cheapest, then the third cheapest, etc. The price will rise accordingly, it will rise to the last trade made.

However due to arbitrage the price will be driven down quite quickly, as you can see.

Why is this not shown here: http://bitcoinity.org/markets/btce/USD

dude...
http://bitcoinity.org/markets/btce/EUR
30d

high: 3.200      low: 0.275

must be an american, unaware there are other currency than dollar.

EURO motherfucker EURO, google it.