BTCe action today | Bitcointalksearch.org

randy8777

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Quote from: Ivanhoe on April 30, 2015, 05:12:30 PM

If you were Greek and you wanted BTC, where would you be getting them you think?

kraken is a great exchange for that. especially as they have a btc/eur market and process deposits very fast for europeans. bitstamp is also nice but they only have usd market.

Ivanhoe

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If you were Greek and you wanted BTC, where would you be getting them you think?

1Referee

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Quote from: minerpumpkin on April 28, 2015, 07:39:46 PM

Interestingly BTC-e is still online, there have been no rollbacks and everything seems to be in order. Even the price is holding well and still going up a bit. This only leaves one real explanation: That was, indeed, real buying pressure and no panic buying, in order to get FIAT out of the exchange by converting it to BTC!

BTC-E is indeed still online. Is that so weird? It was just a fun pump, or some whale traders knowing something we don't.

BTC-E as exchange with the highest price. That's not something we have seen a lot before Cheesy

cruiser

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Quote from: Tzupy on April 30, 2015, 03:27:25 PM

I wonder if this had any connection with the BTC-E pump.
http://arstechnica.com/tech-policy/2015/04/30/rogue-silk-road-dea-agent-arrested-with-go-bag-9mm-pistol/

Nope. BTC-e is working on increasing liquidity. They'll announce once they are ready.

srgkrgkj

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Quote from: Tzupy on April 30, 2015, 03:27:25 PM

I wonder if this had any connection with the BTC-E pump.
http://arstechnica.com/tech-policy/2015/04/30/rogue-silk-road-dea-agent-arrested-with-go-bag-9mm-pistol/

who knows but for one i am confident this pump will hold out possibly breaking the 250 barrier which has been holding us back for some time Tongue

Tzupy

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I wonder if this had any connection with the BTC-E pump.
http://arstechnica.com/tech-policy/2015/04/30/rogue-silk-road-dea-agent-arrested-with-go-bag-9mm-pistol/

minerpumpkin

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A pumpkin mines 27 hours a night

Interestingly BTC-e is still online, there have been no rollbacks and everything seems to be in order. Even the price is holding well and still going up a bit. This only leaves one real explanation: That was, indeed, real buying pressure and no panic buying, in order to get FIAT out of the exchange by converting it to BTC!

Natalia_AnatolioPAMM

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Activity: 280

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Quote from: ensurance982 on April 27, 2015, 04:23:39 PM

Quote from: Natalia_AnatolioPAMM on April 27, 2015, 04:19:40 PM

Quote from: Coinshot on April 27, 2015, 03:18:46 PM

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

but that's more an exception, not the rule!

1Referee

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I wonder how many people cashed out their Bitcoins from exchanges like Bitstamp and Bitfinex to sell them at BTC-E.

After their deposit posted on BTC-E the price was back to normal and these people got upset Grin

randy8777

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for once btc-e was the leader in volume and price. great day for the owners as the volume was much higher than normal. they made a nice amount.

Dps23

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Quote from: cryptocult live on April 27, 2015, 11:42:06 PM

Quote from: teramit on April 27, 2015, 06:21:10 PM

Quote from: WiiD on April 27, 2015, 06:15:12 PM

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.

to be fair : the other exchanges followed and price is now several dollars up. I think it was quite a good idea to pump btc-e in the bigger picture. We should maybe all start buying on btc-e to get a little bullrun started? Orderbook is very thin and other exchanges follow. Makes sense to me. Also in case the pumper had 20x on margin long on okcoin or was trading on margin long position he could have made a handsome amount of money.

OKcoin and 796 are tricky
. I played and lost lot of money. you cannot go down more than 80% or something on 796 - I mean when you use high margin - and when you have big position like hundreds of bitcoins in the blink of an eye you loose all, just a 1-2 usd down and you loose all margin, all money which you bet, simply ALL, read their conditions....

Torque

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Yep, major short squeeze. Someone probably did it just for the lulz.

Shorts are playing Russian roulette right now, the big guns will come in to ruin their day.

Margin longs are equally as vulnerable.

cryptocult live

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Activity: 37

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Quote from: teramit on April 27, 2015, 06:21:10 PM

Quote from: WiiD on April 27, 2015, 06:15:12 PM

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.

to be fair : the other exchanges followed and price is now several dollars up. I think it was quite a good idea to pump btc-e in the bigger picture. We should maybe all start buying on btc-e to get a little bullrun started? Orderbook is very thin and other exchanges follow. Makes sense to me. Also in case the pumper had 20x on margin long on okcoin or was trading on margin long position he could have made a handsome amount of money.

diodio1

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Activity: 285

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Quote from: tokeweed on April 27, 2015, 10:23:15 PM

Quote from: ajareselde on April 27, 2015, 09:58:38 PM

The pump always starts @ china, so if i wanted to buy shitload of btc without raising the price much i would buy exactly @ btc-e, because people will ignore it
most of the time. Doesnt this sound like a reasonable explanation ?

cheers

Could be. But if another Willy was unleashed at BTCe, I'm pretty sure China is watching right now. The thing is be always ready.

or may be china is doing it, china is big player behind bitcoin pumps
it can be good for bitcoin if price rise but wrost if btc-e scam

tokeweed

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Life, Love and Laughter...

Quote from: ajareselde on April 27, 2015, 09:58:38 PM

The pump always starts @ china, so if i wanted to buy shitload of btc without raising the price much i would buy exactly @ btc-e, because people will ignore it
most of the time. Doesnt this sound like a reasonable explanation ?

cheers

Could be. But if another Willy was unleashed at BTCe, I'm pretty sure China is watching right now. The thing is be always ready.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

The pump always starts @ china, so if i wanted to buy shitload of btc without raising the price much i would buy exactly @ btc-e, because people will ignore it
most of the time. Doesnt this sound like a reasonable explanation ?

cheers

coinableS

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Activity: 1442

Merit: 1188

Quote from: darlidada on April 27, 2015, 08:10:36 PM

Quote from: coinableS on April 27, 2015, 07:53:00 PM

If it were a whale or small group I still can't believe that someone had that much fiat on btc-e. I saw the price go up over $260 and thought there was some news that I missed, just turned out to be btc-e craziness. Was it the magical bullwhale that buys are large amount at market price to pump the price? Seems really odd though, if it were insider knowledge they would have been more stealthy to get more BTC at a lower price.

it looked more like people trying to get their fiat out of btce. lets hope btce doesnt end as http://www.libertyreserve.com/index.html

Yea it does, why else pay so much over spot price?
Hope that's not the case, I've always been a fan of BTC-e Sad

darlidada

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Quote from: coinableS on April 27, 2015, 07:53:00 PM

If it were a whale or small group I still can't believe that someone had that much fiat on btc-e. I saw the price go up over $260 and thought there was some news that I missed, just turned out to be btc-e craziness. Was it the magical bullwhale that buys are large amount at market price to pump the price? Seems really odd though, if it were insider knowledge they would have been more stealthy to get more BTC at a lower price.

it looked more like people trying to get their fiat out of btce. lets hope btce doesnt end as http://www.libertyreserve.com/index.html

coinableS

legendary

Activity: 1442

Merit: 1188

If it were a whale or small group I still can't believe that someone had that much fiat on btc-e. I saw the price go up over $260 and thought there was some news that I missed, just turned out to be btc-e craziness. Was it the magical bullwhale that buys are large amount at market price to pump the price? Seems really odd though, if it were insider knowledge they would have been more stealthy to get more BTC at a lower price.

randy8777

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Activity: 896

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Quote from: WiiD on April 27, 2015, 06:15:12 PM

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

don't think so as a smart trader knows it will get dumped down directly. they are not trading to lose money. traders on other exchanges don't follow btc-e. most people look at bitfinex or bitstamp.

teramit

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Activity: 1877

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The Last Cryptocoin Burner

Quote from: WiiD on April 27, 2015, 06:15:12 PM

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.

WiiD

sr. member

Activity: 756

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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

teramit

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Activity: 1877

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The Last Cryptocoin Burner

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

randy8777

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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

ensurance982

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Trust me!

Quote from: techgeek on April 27, 2015, 05:16:27 PM

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"!

dannyspk

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Quote from: yefi on April 27, 2015, 05:06:16 PM

I enjoy it when Bitcoin does crazy things. Feels like the good old days. Cheesy

Couldn't have said it better myself.

techgeek

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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.

yefi

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I enjoy it when Bitcoin does crazy things. Feels like the good old days. Cheesy

ensurance982

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Trust me!

Quote from: Natalia_AnatolioPAMM on April 27, 2015, 04:19:40 PM

Quote from: Coinshot on April 27, 2015, 03:18:46 PM

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

HeliKopterBen

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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.

Natalia_AnatolioPAMM

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Quote from: Coinshot on April 27, 2015, 03:18:46 PM

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

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Coinshot on April 27, 2015, 03:18:46 PM

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.

PolarPoint

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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

1Referee

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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.

Coinshot

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They probably did it themselves to generate volume. More trades = more fees and it makes up for the amount spent in pumping.

mrhelpful

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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.

WhatTheGox

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Quote from: randy8777 on April 27, 2015, 01:50:51 PM

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?

randy8777

legendary

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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.

meh32123

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Pummmppp and duuuumppp

thedogeking

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Could be a whale buying up.

WhatTheGox

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I watched some of this action play out but missed the very beginning, could just be a whale bought up some coins. BTC-e is known for bots so that is nothing new. The price right now seems to have calmed down so probably just a whale buying.

derpinheimer

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