Topic: So this just happened in Huobi. - page 2. (Read 2444 times)
For price to spike that high, a buy order would have to be so big that it cleared wall after wall and it would take slightly longer for sell orders to replenish. IMO, it has to be a glitch.
Seriously? You can't just fathom that there was a glitch? Its got to be a grand conspiracy? Ok, whatever floats your boat.
When Bitfinex went to $10K, they admitted they had been hacked.
When BTC-e and Bitfinex went to $100, they never admitted a hack, but the fact that both of these exchange simultaneously went to this price, whereas the perhaps much more secure Bitstamp never, would suggest to me some kind of co-ordinated attack. Indeed, this has happened with Gox on more than one occasion, and these events were reported as 'hacks'......
......so what the fuck are you talking about?
Edit: Bobby Lee seems to be a bit of a 'conspiracy' nut as well as he has also alluded to the fact that the other Chinese exchanges fake liquidity. I wouldn't be surprised if the Chinese exchanges serve largely as a pumping and dumping tool of a consortium of Chinese whales with access to Western exchanges and money markets.
People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
Seriously? You can't just fathom that there was a glitch? Its got to be a grand conspiracy? Ok, whatever floats your boat.
People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
when that trade came up on BTC-e I imagined someone missing a 0 when he typed his order.
his face when he realised the mistake must have been priceless..
the same happened at BTCe with the 103$ mistyping earlier this year as I suppose his face when he realised the mistake must have been priceless..
when that trade came up on BTC-e I imagined someone missing a 0 when he typed his order.
his face when he realised the mistake must have been priceless..
his face when he realised the mistake must have been priceless..
I guess it was just one single small trade.
Minute Chart:
Daily Chart:
Some similarities to BTC-e
These price jumps or dumps are kinda strange. Did somebody really post those orders or is there something more to it?
Daily Chart:
Some similarities to BTC-e
These price jumps or dumps are kinda strange. Did somebody really post those orders or is there something more to it?
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