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Topic: BTCe action today - page 2. (Read 3105 times)

legendary
Activity: 1877
Merit: 1396
The Last Cryptocoin Burner
April 27, 2015, 06:21:10 PM
#27
I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E
and people comes with btc that have been bought from other exchanges then price falls, not a good finance strategy with one of the most arbitrageable thing on this universe.
sr. member
Activity: 756
Merit: 250
April 27, 2015, 06:15:12 PM
#26
I think, someone with much money AND much BTC wanted the BTC price to rise. So how he can try this without paying too much? Right, try to pump the price on a trusted exchange with the lowest volume, BTC-E
legendary
Activity: 1877
Merit: 1396
The Last Cryptocoin Burner
April 27, 2015, 05:43:32 PM
#25
i just wonder why buyer is doing this on btc-e
if he tries this at bitfinex probably collects with better margin.
any other big exchange has more usd volume so more sell walls.
is there anything special at btc-e that others dont have ? i dont think so, it is worst exchange for a pump or collecting bitcoin especially at these volumes. Huh
legendary
Activity: 896
Merit: 1000
April 27, 2015, 05:40:44 PM
#24
what's up with btc-e it's going up much higher than other exchanges. do they know something we don't? in this rate it can easily reach $300
hero member
Activity: 518
Merit: 500
Trust me!
April 27, 2015, 05:38:19 PM
#23
If you find this news, i dont know what to say.

Btc-e has a long track record not only that exchange but most exchange have price manipulation. But, it depends on the level of manipulation, like how mt.gox did it back in the day was with phantom deposits, which can be doing as well.

But this is quite a big rally, also it's already the second rally today, even! How do you think they're doing it, actually? If they were outright buying BTC with 'phantom' amounts of FIAT, they'd be guaranteed to go under in the future. I don't think you'd want to get yourself in a fractional-reserve position deliberately as an exchange(!) Just take a loot at "It's a wonderful life"!
sr. member
Activity: 341
Merit: 250
April 27, 2015, 05:33:04 PM
#22
I enjoy it when Bitcoin does crazy things. Feels like the good old days.  Cheesy

Couldn't have said it better myself.
hero member
Activity: 826
Merit: 1000
April 27, 2015, 05:16:27 PM
#21
If you find this news, i dont know what to say.

Btc-e has a long track record not only that exchange but most exchange have price manipulation. But, it depends on the level of manipulation, like how mt.gox did it back in the day was with phantom deposits, which can be doing as well.
legendary
Activity: 2842
Merit: 1511
April 27, 2015, 05:06:16 PM
#20
I enjoy it when Bitcoin does crazy things. Feels like the good old days.  Cheesy
hero member
Activity: 518
Merit: 500
Trust me!
April 27, 2015, 04:23:39 PM
#19
They probably did it themselves to generate volume. More trades = more fees and it makes up for the amount spent in pumping.

agreed! the only reason of a pump

Nah, don't think so. It's very difficult to control how fake buys/sells work out. You, as an exchange, could end up losing quite a bit by trying this. The most reasonable explanation is still, unfortunately, that there'll be a ban of some kind. Or maybe manipulation to create a short squeeze: https://bitcointalksearch.org/topic/manipulators-trying-to-cause-some-cascade-by-pushing-the-price-on-btc-e-1040020
hero member
Activity: 622
Merit: 500
April 27, 2015, 04:23:37 PM
#18
Good lord they are at it again.  It just hit 257.  Maybe the Russians finally discovered sound money.  Could btce lead the next rally?  I never would have guessed that.
full member
Activity: 280
Merit: 100
April 27, 2015, 04:19:40 PM
#17
They probably did it themselves to generate volume. More trades = more fees and it makes up for the amount spent in pumping.

agreed! the only reason of a pump
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
April 27, 2015, 04:15:35 PM
#16
They probably did it themselves to generate volume. More trades = more fees and it makes up for the amount spent in pumping.

They don't really need that. They have enough cash from just running the biggest completely anonymous exchange.
It was simply a big order that caused a short hype.
hero member
Activity: 672
Merit: 500
April 27, 2015, 03:51:36 PM
#15
The chat shows price went up $13 for some minutes and came back down. It was just a large buy order. Let's hope there's another tomorrow.  Grin
legendary
Activity: 2170
Merit: 1427
April 27, 2015, 03:46:27 PM
#14
What is this action about? Can't find anything so far. Even on reddit there is nothing that indicates the sudden jump in volume. Perhaps a whale trying to make some fun.
hero member
Activity: 521
Merit: 500
April 27, 2015, 03:18:46 PM
#13
They probably did it themselves to generate volume. More trades = more fees and it makes up for the amount spent in pumping.
legendary
Activity: 1456
Merit: 1002
April 27, 2015, 03:15:05 PM
#12
the exchange has low prices for reasons, but yeah more like price manipualtion.

Pump and dump seems pretty often though. Its either that or some major scammers cashing out on bitcoin. Esp, all those ponzis I seen in the gambling section that people throw like 1 btc minimum with fake deposits.
legendary
Activity: 812
Merit: 1000
April 27, 2015, 02:42:15 PM
#11
action is over. it only went up a few bucks. nothing special. btc-e orderbook is very thin so a pump is quite easily initiated. let's hope next pump will last a bit longer.

maybe some crazy russian whale buying up who has some inside info for the real pump tomorrow?
legendary
Activity: 896
Merit: 1000
April 27, 2015, 01:50:51 PM
#10
action is over. it only went up a few bucks. nothing special. btc-e orderbook is very thin so a pump is quite easily initiated. let's hope next pump will last a bit longer.
member
Activity: 111
Merit: 10
April 27, 2015, 12:15:25 PM
#9
Pummmppp and duuuumppp
newbie
Activity: 5
Merit: 0
April 27, 2015, 12:14:10 PM
#8
Could be a whale buying up.
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