96 BTC per syscoin - what the hell is up on binance? - page 2.

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: CuriousGeorge on July 03, 2018, 11:12:13 PM

Quote from: European Central Bank on July 03, 2018, 08:11:01 PM

Quote from: bitofc on July 03, 2018, 08:08:56 PM

It's difficult to trust exchanges. They do so many shady things now like pump and dumps. For example: they will block all incoming deposits for a certain coin so their own bags can be dumped on the market. It's very difficult to trust these low cap coins with all the pump and dump action, thats why I prefer to stay in btc.

uh, 1 syscoin was 96 BTC at one point a short while back.

that's a little more warped than the usual exchange crap. someone somewhere has been screwing with things somehow.

Imagine if you are buying 0.000000000000000001 syscoin at 96 btc for each syscoin price and what's the different?

I have seen this so many times on DEX just like forkdelta and etherdelta.
Someone just creating another joke order at the same time.

i don't know exactly how these decentralized exchanges you named work but in centralized ones like Binance the orderbook is a queue not a "choose whatever you want" line. which means if there are 3 sell orders like this (prices):
00.00004400
00.00040000
96.00000000

you first have to fill the first two orders on top before reaching the third one. and filling those two requires spending money. even if you execute an order on 96BTC price the system will automatically fill the first order and if there was anything left it will fill the next and next,.... it doesn't let you fill the last one.
now in reality there aren't just 2 orders there are A LOT and it will take A LOT of money to get there.

Nadziratel

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there was a hacking incident. The app was attacked. Theft was done. it was a humiliating attack. I hope that binance makes a refund.

haruna69

newbie

Activity: 80

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binance are big and whales place, wich it makes this exchange are very risky of hacker attack, they hack through sys, Huh

another coin should worry if their coin maybe got hacked too

coyote50

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just another API hack. they will reverse transactions i'm sure

Cryptorianx

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Really wtf was going on Binance??Sys hacked or smt!!? There re so much rumors in the groups.I am confused, really.Time to get out of crypto market I think.Need a vacation or long break time whatever u say.

My mood for now:

pageraji

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Activity: 966

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binance is down for maintenance, they want upgrade all the API users account, this upgrade take a time, all acount API key will be reset and there will be a roll back of each single account

Golftech

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Activity: 2128

Merit: 520

Quote from: Sephire on July 04, 2018, 12:15:02 AM

I have seen some ridiculously high sell and very low buy orders sitting on Etherdelta/forkdelta to take advantage of someone typing a wrong price or putting a decimal in the wrong place! But this one is so high a price that it is unbelievable.

Can be possible, but for that huge value, we are sure that some hackers did play with the price, the total value can make a lucky person who place a sell order and forget about his coin for a while, he might gained more than what he thinks he have some lottery luck that will change life financial statement, 96btc per sys oh wow...let's wait for further updates from binance regarding to this issue.

iryboy

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Activity: 210

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I think there must be some kind of bug or hack in normal circumstances it is not possible also day by day we are losing trust on these exchanges. At the start, Binance was a good exchange but now things are not going in its favor.

Rapidgator

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Activity: 509

Merit: 250

1 syscoin = 96BTC i cannot believe, there is something wrong in binance. watch it

caisa88

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Activity: 406

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I think that Binance was hacked somehow, there is no other explination for how such a thing can happen. So it looks like even on the biggest exchange, things like this can happen..

renault18turbo

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Activity: 1218

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Failures on exchanges have become more frequent in recent months and this is a bad sign indicating the lack of technical equipment of a particular exchange.

Sephire

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I have seen some ridiculously high sell and very low buy orders sitting on Etherdelta/forkdelta to take advantage of someone typing a wrong price or putting a decimal in the wrong place! But this one is so high a price that it is unbelievable.

Dragonrage201

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Activity: 630

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This looks like some internal bug causing a big error in price quote or a hack. This bad order and any others will most likely be reversed if they can. Read somewhere that 7000 BTC have been withdrawn from Binance to one address that may be related to this.

CuriousGeorge

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Activity: 1498

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KUWA.ai

Quote from: European Central Bank on July 03, 2018, 08:11:01 PM

Quote from: bitofc on July 03, 2018, 08:08:56 PM

It's difficult to trust exchanges. They do so many shady things now like pump and dumps. For example: they will block all incoming deposits for a certain coin so their own bags can be dumped on the market. It's very difficult to trust these low cap coins with all the pump and dump action, thats why I prefer to stay in btc.

uh, 1 syscoin was 96 BTC at one point a short while back.

that's a little more warped than the usual exchange crap. someone somewhere has been screwing with things somehow.

Imagine if you are buying 0.000000000000000001 syscoin at 96 btc for each syscoin price and what's the different?

I have seen this so many times on DEX just like forkdelta and etherdelta.
Someone just creating another joke order at the same time.

tmoney88

newbie

Activity: 142

Merit: 0

Makes sense then that binance is down for maintenance. If it some sort of hack or bug with api thats crazy. taking a chance to trust a bot to handle your money like that.

Nucular

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Activity: 44

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Quote from: bitofc on July 03, 2018, 08:08:56 PM

It's difficult to trust exchanges. They do so many shady things now like pump and dumps. For example: they will block all incoming deposits for a certain coin so their own bags can be dumped on the market. It's very difficult to trust these low cap coins with all the pump and dump action, thats why I prefer to stay in btc.

That reminds, yesterday I was going to sell some of this coin that I hold on Bittrex, but once again it was under maintenance. I forgot about it, looked at the price and it's down today. So annoying.

canman

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Activity: 479

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Quote from: European Central Bank on July 03, 2018, 07:42:16 PM

a cascade of mega pump and dumps wherever you look.

syscoin going far through the roof? other coins going crazy. is something there seriously broken? an API hack?

Binance is investigating the case and I am sure the sellers at that price will be the richest ones in Binance. I think Binance has been hacked into the whole system and they are maintenance this up as soon as possible. Just wait and wait for the latest announcement

malibubaby

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Activity: 546

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Quote from: European Central Bank on July 03, 2018, 07:42:16 PM

a cascade of mega pump and dumps wherever you look.

syscoin going far through the roof? other coins going crazy. is something there seriously broken? an API hack?

I don't trust exchanges nowadays even in Binance. Many coins from there from pushing it to the higher price and then dump. I think the binance manipulate the price from BCN and now Syscoin. Better to go back to bittrex again or you will be bagholder soon because you bought on binance.

European Central Bank

legendary

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Quote from: bitofc on July 03, 2018, 08:08:56 PM

It's difficult to trust exchanges. They do so many shady things now like pump and dumps. For example: they will block all incoming deposits for a certain coin so their own bags can be dumped on the market. It's very difficult to trust these low cap coins with all the pump and dump action, thats why I prefer to stay in btc.

uh, 1 syscoin was 96 BTC at one point a short while back.

that's a little more warped than the usual exchange crap. someone somewhere has been screwing with things somehow.

bitofc

sr. member

Activity: 478

Merit: 250

It's difficult to trust exchanges. They do so many shady things now like pump and dumps. For example: they will block all incoming deposits for a certain coin so their own bags can be dumped on the market. It's very difficult to trust these low cap coins with all the pump and dump action, thats why I prefer to stay in btc.

Topic: 96 BTC per syscoin - what the hell is up on binance? - page 2. (Read 441 times)