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Topic: Incredibly high volume on BTC-e - Bot gone crazy? - page 2. (Read 2378 times)

hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Very bullish right now looking in from a trading aspect.
BTC rocket is around the corner...

You do actually see that we crashed well into the $470s today!? I wouldn't exactly call that bullish and the harbinger for a new rocket or moon trip! Cheesy What makes you think this is a positive thing?
member
Activity: 61
Merit: 10
There's an incredible surge in volume on BTC-e at the moment: http://bitcoinity.org/markets/btce/USD! It seems to be caused by some bot gone awry, as some incoherent buying and selling is happening. Someone may be losing big time on fees currently. What do you think is going on?
Yeah the bot has gone mad and this is why it happened
http://www.cryptocoinsnews.com/news/malfunctioning-bitcoin-trader-bot-causes-extremely-high-volume-bitcoin-exchange-btc-e/2014/08/31?utm_source=rss&utm_medium=rss&utm_campaign=malfunctioning-bitcoin-trader-bot-causes-extremely-high-volume-bitcoin-exchange-btc-e
legendary
Activity: 1316
Merit: 1000

wow that is totally insane maybe we are on the verge of something?

I've been thinking that myself. You can just feel it in the air that BTC is gearing up for another rocket trip.

Whats interesting also is the buy support is actually pretty stong on BTC-e with all things considered.... we have only 2k users online.  We have over $5 million in BTC buy orders and only 7500 BTC available to buy.   This is pretty bullish but we need a reason to go to the moon.
member
Activity: 72
Merit: 10

wow that is totally insane maybe we are on the verge of something?

I've been thinking that myself. You can just feel it in the air that BTC is gearing up for another rocket trip.
sr. member
Activity: 476
Merit: 501
We broke the 500's and the 490's, plus it is weekend.

That is enough to wake up some big bots.
hero member
Activity: 518
Merit: 500
Trust me!

wow that is totally insane maybe we are on the verge of something?

I don't know it's difficult to say, I mean basically the price is dipping quite a bit at the moment, so there's not just selling happening. But whenever someone is selling BTC, another person is actually buying them. But if this really is just some bot buying and selling to and from himself, it basically is making a big loss due to the fees!
legendary
Activity: 1316
Merit: 1000

wow that is totally insane maybe we are on the verge of something?
jr. member
Activity: 41
Merit: 10
Indeed! maybe someone is cashing out)) Tongue
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
Difficult to say for sure.  Seems to be more buying than selling at the moment, so it could just be someone trying to get in while the price is dipping.  Someone just sunk $70k into a buy for just shy of BTC150.  If I had that kind of money to throw around, I'd probably join them.
hero member
Activity: 518
Merit: 500
Trust me!
There's an incredible surge in volume on BTC-e at the moment: http://bitcoinity.org/markets/btce/USD! It seems to be caused by some bot gone awry, as some incoherent buying and selling is happening. Someone may be losing big time on fees currently. What do you think is going on?
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