I wouldnt like to be holding pounds when the pound falls so low that it takes £5000000 to buy one Bitcoin!
In fact most of the strange orders are at that post apocalyptic, pounds worth nothing, end of the Britcoin market.
5000 1 BTC 5000 GBP
10000 0.05 BTC 500 GBP
50000 1 BTC 50000 GBP
500000 1 BTC 500000 GBP
1000000 0.01 BTC 10000 GBP
5000000 1 BTC 5000000 GBP
1000000000 0.01 BTC 10000000 GBP
Topic: Strange and stupid orders on Britcoin (Read 906 times)
Not that they aren't silly orders, but the other idea is to catch anyone with a program that goes beserk and literally tries to buy out the entire market. Having a few "ludicrous" orders in the system might absorb or partially deflate an attack against the economy trying to remove liquidity. Automated trading and API's enable people to script their financial work, and frankly, computers do dumb things very fast when not monitored. I'd bet there are similar things in effect in the larger financial markets as well, since it "only" costs them a single BTC to hold that position.
Thanks WIll,
I was looking at them the wrong way round. All above board just dumb!
I was looking at them the wrong way round. All above board just dumb!
Just means people are selling 1BTC for 50,000GBP, 500,000GBP, etc etc
they just need to deposit 1BTC and set their dumb price. The other will never be matched and it just serves to mess up the volume graphs.
Will
they just need to deposit 1BTC and set their dumb price. The other will never be matched and it just serves to mess up the volume graphs.
Will
I'm seeing a whole load of strange and stupid orders on Britcoin. As far as I know the only way to place an order is by having the cash or Bitcoins on account to make the orders. How on earth are the following orders possible therefore without being either some sad joke by someone at Britcoin or someone is able to inject orders into the system without passing through the Order page? Making a bit of a mockery of Britcoin.
22.15 26 June
BTC for GBP
50000 1 BTC 50000 GBP
500000 1 BTC 500000 GBP
5000000 1 BTC 5000000 GBP
1000000000 0.01 BTC 10000000 GBP
GBP for BTC
0 0.05 GBP 999999999 BTC
Once I'm no longer a newbie I'll post again on the main forum.
22.15 26 June
BTC for GBP
50000 1 BTC 50000 GBP
500000 1 BTC 500000 GBP
5000000 1 BTC 5000000 GBP
1000000000 0.01 BTC 10000000 GBP
GBP for BTC
0 0.05 GBP 999999999 BTC
Once I'm no longer a newbie I'll post again on the main forum.
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