Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27400.

BTCtrader71

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Activity: 784

Merit: 1001

Quote from: molecular on June 01, 2014, 02:29:35 PM

Quote from: TheJuice on June 01, 2014, 02:20:12 PM

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

there was ~ 350k USD on offer at flash rate when I made that first screenshot in reply to your initial post. (https://i.imgur.com/LWgazNR.png). In second shot (2 minutes or so later: https://i.imgur.com/Jc130LP.png) they were gone

Can you actually lend borrowed USD?

If so it would seem to me he's offering at higher rates now (0.23% to 1.0%), but that might also be other people, of course.

I'm not sure what this was and wether or not it worked out for him...

I don't think you can lend borrowed USD on bfx. Not sure, but I would doubt it.

btw, any bears out there can make lots of $$ by lending USD on bfx at rates like 0.1% per day. That's PER DAY.

JimboToronto

legendary

Activity: 4200

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You're never too old to think young.

Quote from: ?? on ??

lol I wanna remind you that just yesterday we were talking about passing the $650s...

Just a little bear trap, nothing even exciting really

+1

molecular

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Activity: 2772

Merit: 1019

Quote from: TheJuice on June 01, 2014, 02:20:12 PM

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

there was ~ 350k USD on offer at flash rate when I made that first screenshot in reply to your initial post. (https://i.imgur.com/LWgazNR.png). In second shot (2 minutes or so later: https://i.imgur.com/Jc130LP.png) they were gone

Can you actually lend borrowed USD?

If so it would seem to me he's offering at higher rates now (0.23% to 1.0%), but that might also be other people, of course.

I'm not sure what this was and wether or not it worked out for him...

cbeast

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Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: gizmoh on June 01, 2014, 02:24:49 PM

Herd mentality: 675 was juicy moments ago, 644 is now mehhh! Roll Eyes

Goes to say this rally is not sustainable once momentum fades away..total bid depth pretty much unchanged on stamp/btc-e/finex.

You should have warned us moments ago.

bigdave

full member

Activity: 224

Merit: 100

Quote from: adamstgBit on June 01, 2014, 02:23:21 PM

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS

who need a beer?

post your BTC address

Its Miller Time baby!

1BFtyp9so6e1hJp5N6GTw78PiJjE8cCkK2

magicmexican

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Activity: 812

Merit: 1000

My prediction : 640(now) -> 533 -> 950 -> 400 -> 1200 -> ?

BTCtrader71

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Activity: 784

Merit: 1001

Quote from: MatTheCat on June 01, 2014, 02:22:41 PM

Quote from: TheJuice on June 01, 2014, 02:20:12 PM

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

Care to elaborate?

The theory is that a mysterious someone on bfx with lots of BTC took up all the USD swap offers so that he could sell a bunch of BTC and crash the market, and the market would be unable to bounce back up. Then it would drift down a little more because there would be nothing to prohibit the panic sellers from selling. For a few minutes, that is. At which time he would buy back a bunch of btc. And then release the swap offers, which would allow other traders to borrow USD and send the market drifting back up.

Krabby

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Activity: 644

Merit: 250

https://primedao.eth.link/#/

Quote from: hdbuck on June 01, 2014, 02:26:33 PM

Quote from: adamstgBit on June 01, 2014, 02:23:21 PM

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS

who need a beer?

post your BTC address

Adams BEER TIME! yeayyy Cheesy

1BUCKpsdbnfZD5GFnZuPGK8RXY3f5uf2K

That's a sweet address 0.o

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: adamstgBit on June 01, 2014, 02:23:21 PM

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS

who need a beer?

post your BTC address

Adams BEER TIME! yeayyy Cheesy

1BUCKpsdbnfZD5GFnZuPGK8RXY3f5uf2K

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

I'll give you a virtual clink of a beer stein but I don't drink.
Maybe I should consider starting.

gizmoh

legendary

Activity: 1428

Merit: 1000

Herd mentality: 675 was juicy moments ago, 644 is now mehhh! Roll Eyes

Goes to say this rally is not sustainable once momentum fades away..total bid depth pretty much unchanged on stamp/btc-e/finex.

Gingermod

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Activity: 238

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Why are we celebrating?

ChrisML

sr. member

Activity: 308

Merit: 250

I cant stop looking at those red candles on Huobi. LMAO

adamstgBit

legendary

Activity: 1904

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Trusted Bitcoiner

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS

who need a beer?

post your BTC address

derpinheimer

legendary

Activity: 896

Merit: 1000

That was cool! Cheesy

Now I feel like another dump will come and surprise everyone

Quote from: MatTheCat on June 01, 2014, 02:22:41 PM

Quote from: TheJuice on June 01, 2014, 02:20:12 PM

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

Care to elaborate?

+1

MatTheCat

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Activity: 840

Merit: 1000

Quote from: TheJuice on June 01, 2014, 02:20:12 PM

and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.

Care to elaborate?

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: prophetx on June 01, 2014, 02:21:31 PM

Quote from: adamstgBit on June 01, 2014, 02:19:48 PM

i'm gana recommend a speculative buy who knows bitcoin might get accepted by your mom

<- getting wasted

my Mom just called and said she bought the Bitcoin

MILF!@_@

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: adamstgBit on June 01, 2014, 02:19:48 PM

i'm gana recommend a speculative buy who knows bitcoin might get accepted by your mom

<- getting wasted

my Mom just called and said she bought the Bitcoin

BTCtrader71

hero member

Activity: 784

Merit: 1001

Quote from: BTCtrader71 on June 01, 2014, 02:19:18 PM

Quote from: TheJuice on June 01, 2014, 02:18:07 PM

Quote from: BTCtrader71 on June 01, 2014, 02:16:31 PM

Quote from: rebuilder on June 01, 2014, 02:14:45 PM

Quote from: BTCtrader71 on June 01, 2014, 02:12:53 PM

Quote from: Gingermod on June 01, 2014, 02:11:18 PM

Any word of why we just flash crashed?

explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden?

How much was taken off the table? Could the offers simply have been snatched up by speculators in a panic not to miss the train?

Right now, the swap offers are close to being ALL GONE. If that was the result of panic buying, the price would be going up by a huge amount, not down.

exactly.

If the above explanation is true, then this is a bear trap, and we should expect the price to be rebounding up rather quickly

Swaps have reappeared all of a sudden. Price currently 641

dreamspark

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