Author

Topic: BTC Is Dropping on BitStamp (Read 1851 times)

full member
Activity: 133
Merit: 100
October 07, 2013, 04:00:10 PM
#19
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.

That's market order Wink

At the very least it caps your slippage.

That in english translates to "at the very least prevent you from buying".

Try this little experiment: put a market order when price is 90, and a limit order at 95. A few minutes later price is 100 and the market order gets executed, but the limit order will be still there. market order -> slippage, limit order -> no buy

Now I don't know if Gox works in a weird way, but this is how it is on bitstamp, market orders get always executed first, and not even all of them.


Uh, yea. Thats the entire point of a limit order.

Try this little experiment: Put a market order when price is $90, and then something weird happens and the price goes up to $200 (theoretically, I'm not saying this'll actually happen). Suddenly you are getting a "bad" price. Or, if you had put your limit, at someplace somewhat reasonable, like $100, you would maybe have gotten a good at a good price, while not getting any screwy rip-off prices for the rest.

Why in hell would you want to end up with your USD still in your account after the price raise $30 and your limit orders still untouched (and obsolete)?
I really don't get what you gain from waiting that price is back to the high levels as before the crash... Unless you don't want to have cheap coins, people have strange fetish. Huh
sr. member
Activity: 371
Merit: 250
October 07, 2013, 03:47:23 AM
#18
When something bad happen and make the bitcoin price to crash, the recovery is every time more faster than the previous one, the first ones took over a week or more, this time it took only two days, there will be the time when nobody will panic with such news and the price will remain the same.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
October 07, 2013, 02:21:08 AM
#17
And we are basically back to where we were before the news of SR being shutdown was announced.
sr. member
Activity: 448
Merit: 250
October 02, 2013, 06:56:49 PM
#16
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.

That's market order Wink

At the very least it caps your slippage.

That in english translates to "at the very least prevent you from buying".

Try this little experiment: put a market order when price is 90, and a limit order at 95. A few minutes later price is 100 and the market order gets executed, but the limit order will be still there. market order -> slippage, limit order -> no buy

Now I don't know if Gox works in a weird way, but this is how it is on bitstamp, market orders get always executed first, and not even all of them.


Uh, yea. Thats the entire point of a limit order.

Try this little experiment: Put a market order when price is $90, and then something weird happens and the price goes up to $200 (theoretically, I'm not saying this'll actually happen). Suddenly you are getting a "bad" price. Or, if you had put your limit, at someplace somewhat reasonable, like $100, you would maybe have gotten a good at a good price, while not getting any screwy rip-off prices for the rest.
full member
Activity: 133
Merit: 100
October 02, 2013, 04:35:46 PM
#15
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.

That's market order Wink

At the very least it caps your slippage.

That in english translates to "at the very least prevent you from buying".

Try this little experiment: put a market order when price is 90, and a limit order at 95. A few minutes later price is 100 and the market order gets executed, but the limit order will be still there. market order -> slippage, limit order -> no buy

Now I don't know if Gox works in a weird way, but this is how it is on bitstamp, market orders get always executed first, and not even all of them.
legendary
Activity: 1904
Merit: 1002
October 02, 2013, 04:13:52 PM
#14
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.

That's market order Wink

Unless the low ask is taken before your order hits Wink
sr. member
Activity: 448
Merit: 250
October 02, 2013, 04:01:05 PM
#13
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.

That's market order Wink

At the very least it caps your slippage.
legendary
Activity: 1008
Merit: 1003
WePower.red
October 02, 2013, 04:00:35 PM
#12
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.

That's market order Wink
sr. member
Activity: 448
Merit: 250
October 02, 2013, 03:55:07 PM
#11
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...

You can always limit order above market price.
full member
Activity: 133
Merit: 100
October 02, 2013, 03:34:28 PM
#10
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?

When price is rising from 90 to 120 in 10 minutes the market order is the only way to buy. Unless you know a better way that doesn't involve black magic...
full member
Activity: 237
Merit: 101
October 02, 2013, 02:56:43 PM
#9
It is so overloaded orders got $5 to $10 slippage Sad

why are you using market orders?
full member
Activity: 133
Merit: 100
October 02, 2013, 01:57:32 PM
#8
It is so overloaded orders got $5 to $10 slippage Sad
sr. member
Activity: 302
Merit: 250
October 02, 2013, 12:40:48 PM
#7
What is happening?



What has been a likely event for a while happened, and immature, short-term thinking, weak-minded "traders" are over-reacting.
Maybe lucky day for me tomorrow.  Sent funds to BitStamp on Monday, should arrive tomorrow.  Lucky I didn't buy earlier today.

I assume their site is overloaded with panic selling.
legendary
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
October 02, 2013, 12:38:36 PM
#6
What is happening?



What has been a likely event for a while happened, and immature, short-term thinking, weak-minded "traders" are over-reacting.

Total speculation, cheap coins again, thanks weak-minded sheeps  Grin
legendary
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
October 02, 2013, 12:38:27 PM
#5
What is happening?

Price is dropping fast.

BitStamp site is unavailable.

Decreased demand due to seizure of Silk Road?

If anything is happening right now is due to speculators and panick users selling, but it was quiet for a big while.
legendary
Activity: 1722
Merit: 1004
October 02, 2013, 12:35:53 PM
#4
What is happening?



What has been a likely event for a while happened, and immature, short-term thinking, weak-minded "traders" are over-reacting.
hero member
Activity: 546
Merit: 500
October 02, 2013, 12:35:09 PM
#3
What is happening?

Price is dropping fast.

BitStamp site is unavailable.

Decreased demand due to seizure of Silk Road?
newbie
Activity: 56
Merit: 0
October 02, 2013, 12:34:52 PM
#2
What is happening?

Price is dropping fast.

BitStamp site is unavailable.


Silk road got busted the owners is arrested , cops seized bitcoin assets
sr. member
Activity: 302
Merit: 250
October 02, 2013, 12:33:46 PM
#1
What is happening?

Price is dropping fast.

BitStamp site is unavailable.
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