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Topic: Insane amount of bitcoins - page 3. (Read 8108 times)

legendary
Activity: 1106
Merit: 1001
August 31, 2011, 09:06:02 AM
#29
IOC Order: http://financial-dictionary.thefreedictionary.com/IOC+Order

Iceberg/Reserve order:
An Iceberg order allows you to submit an order (generally a large volume order) while publicly disclosing only a portion of the submitted order.

A list of various order types:
http://www.interactivebrokers.com/en/p.php?f=orderTypes

Why would MagicalTux do that? Why not execute the order and disclosing the size of the order publicly? Why HIDE portion of the order??

I think when the order executes, then it becomes public, but the point is that a portion of the order is kept hidden up until it executes.

But I might be wrong.  Cheesy
full member
Activity: 196
Merit: 100
August 31, 2011, 09:03:08 AM
#28
This post is most non non non non non non non non non excellent...

Here's the truth:

Announce you plan to buy a big load of bitcoins.
Doesn't matter if you do or don't
nothing happens till someone really does purchase said bitcoins,
market reacts same as ever when there are buyers and sellers.

This post effects nothing.

I will have you know I plan on purchasing 7,167,700 btc (the entire amount currently) when the price hits
0.00000001 (Bitcoins true value)

I have my 7 cents ready now to make this purchase.

I just wanted to warn the market community.


sr. member
Activity: 832
Merit: 250
August 31, 2011, 09:02:49 AM
#27
IOC Order: http://financial-dictionary.thefreedictionary.com/IOC+Order

Iceberg/Reserve order:
An Iceberg order allows you to submit an order (generally a large volume order) while publicly disclosing only a portion of the submitted order.

A list of various order types:
http://www.interactivebrokers.com/en/p.php?f=orderTypes

Why would MagicalTux do that? Why not execute the order and disclosing the size of the order publicly? Why HIDE portion of the order??
hero member
Activity: 868
Merit: 1000
August 31, 2011, 09:00:47 AM
#26
IOC Order: http://financial-dictionary.thefreedictionary.com/IOC+Order

Iceberg/Reserve order:
An Iceberg order allows you to submit an order (generally a large volume order) while publicly disclosing only a portion of the submitted order.

A list of various order types:
http://www.interactivebrokers.com/en/p.php?f=orderTypes
legendary
Activity: 1106
Merit: 1001
August 31, 2011, 08:56:18 AM
#25
There is nothing to get. Piper said I was Bruce, I laughed, then remember the text I sent him and posted it here for amusement purposes. Hope you enjoyed!

Maria.

I was being funny, btw, I know Maria isn't Bruce because Maria speaks Spanish and Bruce doesn't.
sr. member
Activity: 832
Merit: 250
August 31, 2011, 08:55:11 AM
#24
There is nothing to get. Piper said I was Bruce, I laughed, then remember the text I sent him and posted it here for amusement purposes. Hope you enjoyed!

Maria.
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
August 31, 2011, 08:52:03 AM
#23
I did send Bruce a text message a short time ago before the NYC BTConference.

Quote
   
Me: hi bruce 8:07 AM
5 more messages
+1646xxxxxxx: Hi. 8:36 AM
+1646xxxxxxx: Who are you? :-) 8:51 AM
Me: Maria from the BTC forum 9:42 AM
Me: Will there be Valet parking at the conference? 9:56 AM
+1646xxxxxxx2: No. No valet parking. Not that I know of. 11:14 AM
Me: Ok ill try to be there. Thanks Bruce 5:05 PM
+1646xxxxxxx: Great. You registered for the conference online? 5:25 PM

Very sad things Ive been reading about Bruce, hope he can keep his chin up.

Maria.
I don't get it...



Quote
   
jackjack: hi bruce 8:07 AM
7 more messages
+1646xxxxxxx: Hi. 8:36 AM
+1646xxxxxxx: Who are you? :-) 8:51 AM
jackjack: jackjack from the BTC forum 9:42 AM
jackjack: I want to buy 22 millions of BTC, do you want to sell me some? 9:56 AM
+1646xxxxxxx2: No. You should post on the forum about that, I've other things to take care right now 11:14 AM
jackjack: Ok I'll try to post there. Thanks Bruce 5:05 PM
+1646xxxxxxx: Great. You registered for the conference online? 5:25 PM
sr. member
Activity: 832
Merit: 250
August 31, 2011, 08:37:29 AM
#22
I did send Bruce a text message a short time ago before the NYC BTConference.

Quote
   
Me: hi bruce 8:07 AM
5 more messages
+1646xxxxxxx: Hi. 8:36 AM
+1646xxxxxxx: Who are you? :-) 8:51 AM
Me: Maria from the BTC forum 9:42 AM
Me: Will there be Valet parking at the conference? 9:56 AM
+1646xxxxxxx2: No. No valet parking. Not that I know of. 11:14 AM
Me: Ok ill try to be there. Thanks Bruce 5:05 PM
+1646xxxxxxx: Great. You registered for the conference online? 5:25 PM

Very sad things Ive been reading about Bruce, hope he can keep his chin up.

Maria.
member
Activity: 112
Merit: 10
August 31, 2011, 08:27:13 AM
#21
Part of me feels bad for Maria. Perhaps she's serious and wanted to be nice.

But a little part of me thinks Maria might actually be Bruce  Cheesy

I really have to stop coming here so much, it's playing with my mind.

It's OK. The internet difficulty just went down again.
legendary
Activity: 1106
Merit: 1001
August 31, 2011, 08:17:54 AM
#20
Part of me feels bad for Maria. Perhaps she's serious and wanted to be nice.

But a little part of me thinks Maria might actually be Bruce  Cheesy

I really have to stop coming here so much, it's playing with my mind.
legendary
Activity: 2198
Merit: 1311
August 31, 2011, 08:16:12 AM
#19
Just a heads up, I plan on selling 9,000,000 Bitcoins on CampBX today.  Place your orders accordingly.  Thank you.
hero member
Activity: 784
Merit: 502
August 31, 2011, 08:11:13 AM
#18
Maria is obviously smarter than she looks. She does indeed want to buy bitcoins and she knows how it works.

1) Announce on forums that you are going to buy masses of bitcoins.
2) Bitcoin users respond sceptical and are saying that you probably want to drive the price UP, meaning you most likely want to SELL, not BUY!
3) Bitcoin users panic at someone wanting to sell massive amounts of bitcoins and start selling off their bitcoins before YOU do.
4) Bitcoin price plummets to $0.01 (which is quite close to its actual worth by the way)
5) You buy a ton of bitcoins for $0.01 each
6) ...
7) PROFIT!

@MT: Say hi to bruce Wink

No no no, it's a double, double double double bluff. Announce a big buy, prices go up a bit from frontrunners, then down a bit from dumpers then up from deep frontrunners then down from double bluffers then Maria buys and its all sweet from there on in... Everyones a winner
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
August 31, 2011, 08:05:19 AM
#17
Maria is obviously smarter than she looks. She does indeed want to buy bitcoins and she knows how it works.

1) Announce on forums that you are going to buy masses of bitcoins.
2) Bitcoin users respond sceptical and are saying that you probably want to drive the price UP, meaning you most likely want to SELL, not BUY!
3) Bitcoin users panic at someone wanting to sell massive amounts of bitcoins and start selling off their bitcoins before YOU do.
4) Bitcoin price plummets to $0.01 (which is quite close to its actual worth by the way)
5) You buy a ton of bitcoins for $0.01 each
6) ...
7) PROFIT!



I printed this out and put it on the refrigerator so my husband can read it. THANK YOU!

You are welcome! I will soon be launching my alternative drunkocurrency called BeerCoin. By that time I will post my BeerCoin adress here and you and/or your husband can donate BeerCoins to my fridge.dat in gratitude for my good advice! Cheesy

Edit: Ah shit. Piper saw through my scheme. There goes my chance for insane amounts of profit Cry

Edit 2: Hooray to my 100th post! Which is really my 230-somethingth post, but rampant admins deleted some complete topics and destroyed my postcount Wink
legendary
Activity: 1106
Merit: 1001
August 31, 2011, 08:03:24 AM
#16
Maria is obviously smarter than she looks. She does indeed want to buy bitcoins and she knows how it works.

1) Announce on forums that you are going to buy masses of bitcoins.
2) Bitcoin users respond sceptical and are saying that you probably want to drive the price UP, meaning you most likely want to SELL, not BUY!
3) Bitcoin users panic at someone wanting to sell massive amounts of bitcoins and start selling off their bitcoins before YOU do.
4) Bitcoin price plummets to $0.01 (which is quite close to its actual worth by the way)
5) You buy a ton of bitcoins for $0.01 each
6) ...
7) PROFIT!

@MT: Say hi to bruce Wink

Or... Maria is really, really smart, and wants to sell Bitcoins high. So she makes the original post, which is so childish no one will believe it. Bitcoin users are initially sceptical, but on reading the forum post by The Duke, realise this could well be a double psych, and start to BUY, not SELL.

Hope you have a really big, refrigerator, Maria, because it's turtles all the way down!
sr. member
Activity: 832
Merit: 250
August 31, 2011, 07:59:38 AM
#15
Maria is obviously smarter than she looks. She does indeed want to buy bitcoins and she knows how it works.

1) Announce on forums that you are going to buy masses of bitcoins.
2) Bitcoin users respond sceptical and are saying that you probably want to drive the price UP, meaning you most likely want to SELL, not BUY!
3) Bitcoin users panic at someone wanting to sell massive amounts of bitcoins and start selling off their bitcoins before YOU do.
4) Bitcoin price plummets to $0.01 (which is quite close to its actual worth by the way)
5) You buy a ton of bitcoins for $0.01 each
6) ...
7) PROFIT!



I printed this out and put it on the refrigerator so my husband can read it. THANK YOU!
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
August 31, 2011, 07:57:04 AM
#14
Maria is obviously smarter than she looks. She does indeed want to buy bitcoins and she knows how it works.

1) Announce on forums that you are going to buy masses of bitcoins.
2) Bitcoin users respond sceptical and are saying that you probably want to drive the price UP, meaning you most likely want to SELL, not BUY!
3) Bitcoin users panic at someone wanting to sell massive amounts of bitcoins and start selling off their bitcoins before YOU do.
4) Bitcoin price plummets to $0.01 (which is quite close to its actual worth by the way)
5) You buy a ton of bitcoins for $0.01 each
6) ...
7) PROFIT!

@MT: Say hi to bruce Wink
full member
Activity: 185
Merit: 100
August 31, 2011, 07:55:46 AM
#13
Can you please explain for us "Non IT" what is IOC/iceberg and how does it work? Is it open source?

PS. I am a professional forex trader and EA developer for MT4 and MT5.
sr. member
Activity: 832
Merit: 250
August 31, 2011, 07:53:09 AM
#12
Talking of such, does someone know exactly how MagicalTux calculates the BTC price, How do dark pools come into play?
We don't have dark pools anymore. We are using IOC/iceberg instead.

Can you please explain for us "Non IT" what is IOC/iceberg and how does it work? Is it open source?
hero member
Activity: 812
Merit: 1022
No Maps for These Territories
August 31, 2011, 07:51:39 AM
#11
Talking of such, does someone know exactly how MagicalTux calculates the BTC price, How do dark pools come into play?
Like any exchange they just match buyers/sellers. And Mtgox does not offer dark pools anymore since the hack...
vip
Activity: 608
Merit: 501
-
August 31, 2011, 07:51:19 AM
#10
Talking of such, does someone know exactly how MagicalTux calculates the BTC price, How do dark pools come into play?
We don't have dark pools anymore. We are using IOC/iceberg instead.
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