Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30028.

adamstgBit

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Quote from: aminorex on January 31, 2014, 01:42:48 PM

Quote from: JorgeStolfi on January 31, 2014, 01:20:39 PM

As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded.

BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead.

By this criterion 70% of the volume on the NYSE should be expunged from the record.

exchanges should make it impossible to fill your own orders.

i dont mind bots doing some high frequency trading, but falt out faking volume by trading with yourself...

aminorex

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Sine secretum non libertas

Quote from: JorgeStolfi on January 31, 2014, 01:20:39 PM

As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded.

BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead.

By this criterion 70% of the volume on the NYSE should be expunged from the record.

magicmexican

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btc-e finally cought up

flynn

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Quote from: Denton on January 31, 2014, 12:08:02 PM

It was actually two bots. One of the bots exploited the market maker-taker fee structure to extract from the other bot 0,3% for every trade.

The world belongs to Robots, we just don't know it yet.

JorgeStolfi

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Quote from: electronistul on January 31, 2014, 10:32:37 AM

You gotta be kiddn me Huh

http://www.cryptocoincharts.info/v2/markets/info

BTC China back on track with the largest volume traded ?! Not even one day after the announcement ?

As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded.

BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead.

Their bank must be closed for the New year holidays, so BTC-China should not have received any new money yet.

By the way, that market ranking site does not even list Huobi, which has the largest volume of them all (twice as much as OKCoin).

My paranoia sees an ongoing conspiracy to deny the very existence of Huobi and push customers towards BTC-China (and Mt.GOX). She is wrong of course.

Dragonkiller

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Super Smash Bros. Ultimate Available Now!

Quote from: aminorex on January 31, 2014, 01:03:33 PM

Quote from: Dragonkiller on January 31, 2014, 12:48:45 PM

why do you think the fortress etf will have a better chance?

Fortress has done ETFs before. They know who to bribe.

i'll be amazed if it gets approved before the twins' etf. apparently the twins got the same lawyer that registered the first ever US etf (or something like that).

fonzie

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empowering

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Quote from: fonzie on January 31, 2014, 01:02:31 PM

Trading Bitcoins is dead, get used to it!

Ayeeeee

Wrongamundo

aminorex

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Sine secretum non libertas

Quote from: Dragonkiller on January 31, 2014, 12:48:45 PM

why do you think the fortress etf will have a better chance?

Fortress has done ETFs before. They know who to bribe.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

fonzie

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Trading Bitcoins is dead, get used to it!

Dragonkiller

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Super Smash Bros. Ultimate Available Now!

Quote from: Patel on January 31, 2014, 11:31:15 AM

Quote from: fonzie on January 31, 2014, 11:28:36 AM

Winklevoss ETF will probably not get launched this year.

"However, Moriarty isn’t optimistic about the proposal, even with the as-yet unannounced revisions. She told Bloomberg that she believes it is unlikely to pass in 2014."

http://www.coindesk.com/winklevoss-to-submit-revised-bitcoin-etf-sec/

Fortress ETF will take WBT's place in 2014

why do you think the fortress etf will have a better chance?

kurious

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Quote from: fluidjax on January 31, 2014, 10:19:05 AM

Quote from: seleme on January 31, 2014, 10:14:07 AM

Quote from: gibbtek on January 31, 2014, 10:10:26 AM

http://thegoxreport.com/

Lines are going down... is this good? Thoughts?

4 days here, still no sight of my munie Cry

Mine was 6 days.... hang in there

I got one through after 5 days and thought ' ok - great' then made another one and it immediately got lost again.

So waiting on ticket response for that one now.

The annoying thing is I want to transfer more, but while this stuff is going on, I am waiting to be sure the last one goes through before I make the next.

I want out of Gox, needless to say...

surfer43

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"Trading Platform of The Future!"

Quote from: podyx on January 31, 2014, 12:08:19 PM

Quote from: BitcoinAshley on January 31, 2014, 12:06:03 PM

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Grin

would that mean bitcoin price up or down?

Clearly up. Roll Eyes

surfer43

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"Trading Platform of The Future!"

Quote from: BitcoinAshley on January 31, 2014, 12:06:03 PM

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Grin

It will only be another month or two... Cheesy

podyx

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Quote from: BitcoinAshley on January 31, 2014, 12:06:03 PM

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Grin

would that mean bitcoin price up or down?

Denton

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Quote from: flynn on January 31, 2014, 12:03:57 PM

Quote from: jl2012 on January 31, 2014, 12:00:24 PM

Quote from: voidmain on January 31, 2014, 11:58:29 AM

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.

It was actually two bots. One of the bots exploited the market maker-taker fee structure to extract from the other bot 0,3% for every trade.

surfer43

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"Trading Platform of The Future!"

Quote from: flynn on January 31, 2014, 12:03:57 PM

Quote from: jl2012 on January 31, 2014, 12:00:24 PM

Quote from: voidmain on January 31, 2014, 11:58:29 AM

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.

Correct. A bot with an owner deep in bitcoin.

BitcoinAshley

sr. member

Activity: 448

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Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Grin

flynn

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Activity: 728

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Quote from: jl2012 on January 31, 2014, 12:00:24 PM

Quote from: voidmain on January 31, 2014, 11:58:29 AM

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30028. (Read 26710020 times)