I was trying to examine and understand the recent volume/pump with Digibyte but the damn chart is ridiculous. Apparently a few days ago someone bought up a massive portion of the entire order book and spent a metric fuck ton of Bitcoin in the process.
It just didn't make any sense no matter how I sliced it.... What possible motivation would someone have of creating such a temporary price spike... Then I realized it.
Somebody forgot a zero.. Instead of putting in a buy order of everything below .0000012 bitcoins they must have attempted to buy everything below .000012 bitcoins, an entire order of magnitude difference.
I don't know who you are, buy holy shit. A $100,000 typo is cause for sympathy to anyone. Ouch.
It just didn't make any sense no matter how I sliced it.... What possible motivation would someone have of creating such a temporary price spike... Then I realized it.
Somebody forgot a zero.. Instead of putting in a buy order of everything below .0000012 bitcoins they must have attempted to buy everything below .000012 bitcoins, an entire order of magnitude difference.
I don't know who you are, buy holy shit. A $100,000 typo is cause for sympathy to anyone. Ouch.
Nah. It was intentional and most of that 400 BTC buy was 1 person or group buying their own coins. A sudden parabolic price rise and massive volume is a great way to get attention towards your pump.
No disrespect to the DGB developers or community, but yeah, obviously this is a pump. Reality is if any alt-coin is doing anything but trending towards zero, there is some market manipulation going on. There is no serious investment in alt-coins. No one wants or needs alt-coins for anything. No one wants MAID or ETHER until more development is done and they are actually useful. Online drug dealers don't even want DSH or XMR. We are playing an elaborate game of make believe.
