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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29847. (Read 26710408 times)

donator
Activity: 756
Merit: 500
-Bitcoin & Ripple-
New order types coming soon!
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
but problems with the core tech is gana do that kind of thing...

Not really a core tech problem.  This price action was caused by irresponsible communication from an irresponsible exchange trying to spread blame around for its own technical shortcomings.

It would be really helpful if the Bitcoin Foundation and other interested parties were a bit more proactive about challenging Gox.  Perhaps if they had been more vigilant and engaged with Gox earlier this could have been avoided.

Statements like this are nowhere near strong enough IMHO:

https://bitcoinfoundation.org/blog/?p=418

I really wonder if the current composition of the board is appropriate.  

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
So WTF, a market order dropping btc-e to 100 is real?

I've been saved a fiew time by market orders when I sell 1 decimal too low, but this looks crazy.

Also what's up with Hong Kong, that volume can't be real?  
how much volume HK got?
http://bitcoincharts.com/markets/anxhkUSD_trades.html

wow
legendary
Activity: 1372
Merit: 1000
So WTF, a market order dropping btc-e to 100 is real?

I've been saved a fiew time by market orders when I sell 1 decimal too low, but this looks crazy.

Also what's up with Hong Kong, that volume can't be real?  
how much volume HK got?
http://bitcoincharts.com/markets/anxhkUSD_trades.html
full member
Activity: 152
Merit: 100

I think I know what's going on....
legendary
Activity: 1148
Merit: 1018
Bitstamp is back to the niveau before the Gox news Smiley

A lot of pigs got slaughtered.

I'm just wondering if the one who sold 8.5k BTC with a market order on BTC-E taking the price down to $102 is a mentally challenged trader who went full retard or just a poor guy who got his account hacked.

He lost MILLIONS to the lucky bastards that had bids down to $100 on BTC-E. Somebody six-folded his money in a couple of seconds.

Pretty sure this was a cascade of forced liquidations, not one actor.

Well, 8.5k coins were sold in the same minute. That was either:

a) one single trader going full retard
b) one huge account got hacked
c) multiple accounts were hacked and were liquidated simultaneously

The fact remains that some bastards got HUNDREDS of coins at $102. I guess the risk of having fiat on BTC-E paid off big time.

EDIT: THOUSANDS of coins in the $100-$200 range

The seller/s lost MILLIONS to those who had the low bids.
legendary
Activity: 1372
Merit: 1000
WTF btc-e droped too 100!

this is wild

any update from gox yet?

I think a large fish is checking btc-e solvency with the drop. This I think is bearish for the future price bullish as someone is stress testing Bitcoins peripheral infrastructure.
hero member
Activity: 826
Merit: 508
Bitstamp is back to the niveau before the Gox news Smiley

A lot of pigs got slaughtered.

I'm just wondering if the one who sold 8.5k BTC with a market order on BTC-E taking the price down to $102 is a mentally challenged trader who went full retard or just a poor guy who got his account hacked.

He lost MILLIONS to the lucky bastards that had bids down to $100 on BTC-E. Somebody six-folded his money in a couple of seconds.

Pretty sure this was a cascade of forced liquidations, not one actor.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
srsly tho, some people bought coins for 100 fucking bux on btc-e. wow. that is 6x ur money in a day.


ya
crazyness
but problems with the core tech is gana do that kind of thing...



legendary
Activity: 2338
Merit: 1035
So WTF, a market order dropping btc-e to 100 is real?

I've been saved a fiew time by market orders when I sell 1 decimal too low, but this looks crazy.

Also what's up with Hong Kong, that volume can't be real?  
how much volume HK got?
legendary
Activity: 1372
Merit: 1000
srsly tho, some people bought coins for 100 fucking bux on btc-e. wow. that is 6x ur money in a day.

This is how Bitcoin grows. Love it.
member
Activity: 84
Merit: 10
It is interesting to see where this goes. The market will decide but Gox seems to manipulate it.
legendary
Activity: 1372
Merit: 1000
So WTF, a market order dropping btc-e to 100 is real?

I've been saved a fiew time by market orders when I sell 1 decimal too low, but this looks crazy.

Also what's up with Hong Kong, that volume can't be real?  
legendary
Activity: 1680
Merit: 1045
srsly tho, some people bought coins for 100 fucking bux on btc-e. wow. that is 6x ur money in a day.
sr. member
Activity: 252
Merit: 250
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
the GOX API record is showing a wick to 500 at 03:11

I had a bid in for weeks at 502 and there it still sits...unfilled

fucking GOX
member
Activity: 91
Merit: 10
I hate to brag, but I caught the knife on stamp to the cent

hell yeah mofo Smiley

edit, and that bid was placed over a month ago.

I CAN HAZ GIFT OF FORSITE PLZ

I believe your gift was cheap coins Wink

I think he's saying that he received the gift of foresight
member
Activity: 107
Merit: 10
I hate to brag, but I caught the knife on stamp to the cent

hell yeah mofo Smiley

edit, and that bid was placed over a month ago.

I CAN HAZ GIFT OF FORSITE PLZ

I believe your gift was cheap coins Wink
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