I think it's because bitstamp's order execution is not atomic, unlike gox and btce. On gox and btce, orders are instantly executed against any available opposing orders BEFORE the remainder appears on the book. However, notice on bitstamp how you can see crossed orders on the book before they execute - you are seeing the trader's original order on the book first and THEN it gets executed later by some algorithm (fifo?). Also the execution is arbitrarily marked as a buy or a sell which is why you see red/green mixed up on services. It is not atomic. So during the crash even though you saw a 90 ask, it wasn't really available because there was a huge line of people ahead of you waiting to execute against it. And I could also see executions of 95 and 105 being mixed together in the tape.
For the worlds new btc market leader, their trading engine sure needs a lot of work. Also the UI could be improved and made more robust for traders.
Topic: So who sold below $100 during the SR "crash"? - page 3. (Read 4502 times)
Also had similiar problems with Bitstamp. The pressure on the website was so big, that some of my orders didn't go through, but some did, so I made a nice buck buying at 90 something.
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This bull will try to shake you off. Hold tight!
I was on btce at the time, and saw the dip without knowing the full extent of the news. I bought at 120, then 115, then all in at 110. Then it went towards 75 and I started shitting myself and swearing I was done with crypto.
Nonetheless I headed to bit stamp where I had an equal stock of fiat waiting. I placed a bid at 100. Btc went below 100 but my bid never filled. After 5 minutes btc was 95- and my bid still wasn't filled. Praise the lord i thought and I rushed in to cancel and adjust. Btc was now 90. I analyzed the walls and knew this was ending soon. Right when btc was 85 and there was a small wall left I placed a bid at 86. It never filled.... btc shot up and next thing I know I'm looking at 125...
So a combination of lag and greed caused me to not get single coin there.
Nonetheless I headed to bit stamp where I had an equal stock of fiat waiting. I placed a bid at 100. Btc went below 100 but my bid never filled. After 5 minutes btc was 95- and my bid still wasn't filled. Praise the lord i thought and I rushed in to cancel and adjust. Btc was now 90. I analyzed the walls and knew this was ending soon. Right when btc was 85 and there was a small wall left I placed a bid at 86. It never filled.... btc shot up and next thing I know I'm looking at 125...
So a combination of lag and greed caused me to not get single coin there.
Strange, how can price be below your bid without it being filled?
All my bids down to $90 were filled on bitstamp, but I did place them when price was still higher.
At one point though somebody had placed sell order of hundreds or thousands of btc at $89 but price was still above $100 but this $89 showed in order book as lowest ask, while there were still many bids above $100. So I cancelled a bid around $100 and replaced it at $90. It worked and got filled.
I think the large $89 ask was being executed slowly and did not touch my $100 bid yet. And my cancellation got prioritized over it?
I was on btce at the time, and saw the dip without knowing the full extent of the news. I bought at 120, then 115, then all in at 110. Then it went towards 75 and I started shitting myself and swearing I was done with crypto.
Nonetheless I headed to bit stamp where I had an equal stock of fiat waiting. I placed a bid at 100. Btc went below 100 but my bid never filled. After 5 minutes btc was 95- and my bid still wasn't filled. Praise the lord i thought and I rushed in to cancel and adjust. Btc was now 90. I analyzed the walls and knew this was ending soon. Right when btc was 85 and there was a small wall left I placed a bid at 86. It never filled.... btc shot up and next thing I know I'm looking at 125...
So a combination of lag and greed caused me to not get single coin there.
Nonetheless I headed to bit stamp where I had an equal stock of fiat waiting. I placed a bid at 100. Btc went below 100 but my bid never filled. After 5 minutes btc was 95- and my bid still wasn't filled. Praise the lord i thought and I rushed in to cancel and adjust. Btc was now 90. I analyzed the walls and knew this was ending soon. Right when btc was 85 and there was a small wall left I placed a bid at 86. It never filled.... btc shot up and next thing I know I'm looking at 125...
So a combination of lag and greed caused me to not get single coin there.
i unfortunatly didn't get to buy while it was low i was at work and when i got home it had already recovered
i was at work and when i got home it had already recovered
I sold at 126 BitstampUSD and bought back at 118 
really did not expect such impact of SR news
really did not expect such impact of SR news 
Can't say who sold under $100, but I can tell you at least one person who was pleasantly surprised to see their $95 bid filled.
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The drop cause me to go all in ( had bids for all-in at the slightest drop ) , i saw my orders fill, then i saw the news, and i thought, " fuck! ...i'll hold and come back in 2 weeks... "
sure enoght bitcoin went back up, i sold, and i'm still not a millionaire
sure enoght bitcoin went back up, i sold, and i'm still not a millionaire
I sold on a down trend crashing btc-e from 115-95 in seconds... bought back between 78-85, great rush trading..... reminded me a lot of how I use to spend my days....
People moan about gox (and other exchanges) but if it was easier to sell and get out of bitcoin a lot more people would've panicked and left. What kept them in was it was just too difficult to get out. It's part of the problem of there being too many hurdles for noobs to get in but kind of inverted.
Bought in at $69-$80 - wish I had bought more and would've had I not needed to jump through so many hoops.
Bought in at $69-$80 - wish I had bought more and would've had I not needed to jump through so many hoops.
I sold 10 coins at 122 then got back in at 115. Small profit but I am pretty proud of myself, first time playing the market. Normally I just buy and hold.
How could you possibly know which part of BTC price is linked to SR -> how could you predict where price will go? Thanks god I wasn't here where that happened.
I've deliberately made my cold storage time consuming and laborious to access. I couldn't sell that quickly even if I wanted to. Which I didn't.
I didn't sell, but I also thought the exchange rate could go quite a bit lower, especially on BTC-E, where I trade, since there is shallow market depth. Only had 1/5 bids fill. Oh well, better than nothing.
I bought below $100. In the $80s. It was great.
Hopefully I'll now be mocked and berated by Smoothie as a reminder never to sell any coins ever again.
I was out when I heard the news. Couldn't get my coins to the exchange in time, so I missed the dip. Sold on the rebound at $100 on BTC-e expecting another drop. FML. 
My panic sell wasn't in the SR "crash" but in the April crash. Man I've learned the lesson 
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Nope not that i have much anyhow
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