Topic: [2015-11-14] Bitcoin price scyrockets to $2200 on Gemini Exchange - page 2. (Read 1641 times)
November 14, 2015, 04:28:30 AM
Interesting, it seems something made a buy order for $2200 instead of $220. Something similiar happened to me on Poloniex on a old coin trade some time ago. I made a buy order what was over 100% higher that the current price, because I forgot a 0.
November 14, 2015, 04:23:18 AM
Quote
According to market data under one hundred bitcoins were exchanged during the spike to $2200.
People who had placed sell orders at outrageous prices must have made some money.
November 14, 2015, 04:00:01 AM
Gemini is a bitcoin exchange based in New York City and founded by Cameron and Tyler Winklevoss. It is a next generation exchange aimed at institutional clientele. As a result, the exchange lacks liquidity in the market allowing for a buyer with enough fiat and a fat finger to completely buy out the order book and send the price skyrocketing. Earlier today, as pointed out first by the user vevue from r/Bitcoin bitcoin price on the Gemini exchange skyrocketed to $2200. The direct cause for the spike is yet unconfirmed but it is strongly suggested that the cause is due to human error. Simply misplacing a period or forgetting a zero when creating a bid or an ask can shift a value a whole magnitude causing unforeseeable losses.
Read More: http://themerkle.com/news/bitcoin-price-skyrockets-2200-gemini-human-error/
Read More: http://themerkle.com/news/bitcoin-price-skyrockets-2200-gemini-human-error/
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