If BTC-e doesn't trade from the top of the stack then it shouldn't even be called an exchange. I mean seriously I can put an order on MtGox (or bitfloor, or bitstamp, etc) right now to sell x BTC @ $1.00 USD and I will get the best bid. Now granted if x is very large I will burn through the stack and drop the price but no trading engine anywhere for any reason should execute at less than the best price available.
A limit order of X @ $Y doens't mean trade X @ $Y. It means trade UP TO X at a price NO WORSE THAN $Y.
Topic: Be very careful of fat fingers!!! (Read 1545 times)
Obviously not much of a trading "engine" then, is it? 
wonder if this was a trading engine error or fat finger error
that can't be true. He would have first filled all the buy orders above 1 Euro, which would have been very many. He would have lost coins, but he could have bought back in. BTC-E trade system fills the orders before you first.
This, I did that before, you can even click the calculate button and it will take into account all standing orders and the amount of the orders to tell you how much you get in total.
that can't be true. He would have first filled all the buy orders above 1 Euro, which would have been very many. He would have lost coins, but he could have bought back in. BTC-E trade system fills the orders before you first.
That must have ruined someone's morning.
I don't understand why he didn't get filled at the best price buyers were willing to pay.
Whoever implemented that trading engine was just taking a short cut instead of putting his clients first. I wouldn't want to trade there after seeing this.
I don't understand why he didn't get filled at the best price buyers were willing to pay.
Whoever implemented that trading engine was just taking a short cut instead of putting his clients first. I wouldn't want to trade there after seeing this.
LOL
Happened to me other day, accidently bought BTC at current rates instead of sell BTC at current rates, but quickly realized it and re-sold the BTC I accidently bought, probably for 1-2% loss.
Happened to me other day, accidently bought BTC at current rates instead of sell BTC at current rates, but quickly realized it and re-sold the BTC I accidently bought, probably for 1-2% loss.
Probably some account got hacked, had mail verification activated, so the thief couldn't get the BTC out, so he sold them cheap to himself.
Wow you're right: http://bitcoinity.org/markets/btce/EUR
Some people got very lucky, one person very sad. Seems like he lost 'only' 200 coins though.
Some people got very lucky, one person very sad. Seems like he lost 'only' 200 coins though.
Jump to: