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Topic: What's going to happen to the 1.3 million LTC on btc-e? (Read 2752 times)

SAC
sr. member
Activity: 322
Merit: 250
Of course it is different, you idiot. Not only that one can buy so many useful items with bitcoins but one can also earn bitcoins by doing
some useful work. 90% of bitcoins I have are actualy earned that way. People actualy pay for others' work with bitcoins, which then can
be exchanged for almost anything. With bitcoins, I have bought full right for a song which I now use in my game. Once game is completed,
I will mass-promote it on BitVisitor, Project Fabulous and few other places, with bitcoins. Since number of daily visits will explode, I will most
likely go with better webhosting plan, and pay for it with bitcoins.

Whatever still BS little nothings offered by kiddies playing at the real world, much of the same can be done with LTC right now.
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
is eTrade a honey pot?
Has etrade  lost their fund due to online  attack  before?  Does etrade allow fantasy orders (10x, 100x market price) being created? If so, do they count them as "total" buy or sell?

I seriously don't know the answers to these questions, but if the answers are yes,yes,yes, then I would say yes, eTrade IS a honey pot.
420
hero member
Activity: 756
Merit: 500
is eTrade a honey pot?
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
SELL: 1,350,916
BUY:  0,227,924

so 5:1 sell to buy ratio. Seems lopsided but why would people have buy orders so low waiting to buy.

New people getting in  would most likely buy at market price.

People who have coins will set sell orders high so that they can make money off any big moves
This disparity is somewhat understandable, if people want to park their crypto coins, btc-e is the go-to exchange for LTC, while few btc holders use btc-e storing their coins. What amazes me is the level of trust they have in the exchange.

To be fair  btc-e had done great job in restoring customer's confidence in the previous attacks and crisis, but still, putting so many eggs in one (wild open) basket is just insane. Which makes me think the possibility it's more or less just a honeypot  Cheesy  
420
hero member
Activity: 756
Merit: 500
SELL: 1,350,916
BUY:  0,227,924

so 5:1 sell to buy ratio. Seems lopsided but why would people have buy orders so low waiting to buy.

New people getting in  would most likely buy at market price.

People who have coins will set sell orders high so that they can make money off any big moves
SAC
sr. member
Activity: 322
Merit: 250
1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange.  Grin

the market decides if it's overpriced.

Yes, and market decided LTC is overpriced. Price is right when there is equilibrium inbetween sell and buy volumes. Sell 1,347,524 / Buy 1,216  Tongue

You people mining and hoarding LTC are so stupid that beside not working on adding some usefulness to LTC for over a year now, you can't even
play market properly. You generate coins and just toss them on market, without ever realising you actualy stabbed yourself and anyone else on LTC
train in the back because you just added to the already huge problem. Unenlightened, dumb, incompetent, self-interest faggots who think they are
adding some incredible value to coin by plugging miners into Litecoin network.

Yeah like bitcoin is any different.
SAC
sr. member
Activity: 322
Merit: 250
Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. 

However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused.  Huh

The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up.

Well, if it's because ASICs got delayed, then "manipulators" = speculators, because that kind of "pump and dump" is what every speculator does.   

Sit there and watch them bot wars that go on for a while then say that or for that matter them manipulators talking openly about what they are doing in the chat window...
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. 

However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused.  Huh

The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up.

Well, if it's because ASICs got delayed, then "manipulators" = speculators, because that kind of "pump and dump" is what every speculator does.   
SAC
sr. member
Activity: 322
Merit: 250
Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. 

However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused.  Huh

The market manipulators got confused as well when the ASICs did not arrive and their pump and dump plans went tits up.
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
Looking at last two month's price action, it's more like a sell side's managed advance/cashing out, rather then buy side's orderly retreat/accumulation. 

However if that's the case, putting 1.3 million in sell orders is really retard. so I am confused.  Huh
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange.  Grin
you made your point:

420
hero member
Activity: 756
Merit: 500
1.3M LTC still there, still overpriced. It is like that when you let average or bellow average IQ people access the (stock) exchange.  Grin

the market decides if it's overpriced.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
LTC buy orderbook appears to be drying up.

 Cheesy Cheesy Cheesy

but bitparking is finally getting some volume lol

https://ltcexchange.bitparking.com

wow a whole 250 LTC?  Cheesy
member
Activity: 112
Merit: 10
I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...

what type of quote stuffing

It just sounds like typical sell-side stuffing to me... flooding the book with a bunch of meaningless sell orders to suppress prices, cancelling them and re-submitting them. Very few (or none) of them ever get filled. JP Morgan, the Fed and other institutions are notorious for doing this in the gold and silver markets -- since the inception of the SLV and GLD they love targeting the options.
420
hero member
Activity: 756
Merit: 500
I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...

what type of quote stuffing
member
Activity: 112
Merit: 10
I checked the exchange rate for USD/LTC earlier and it was back up to the mid 0.07s... it came back up a little... So those big sell orders were probably nothing but quote-stuffing, as I said...
420
hero member
Activity: 756
Merit: 500
LTC buy orderbook appears to be drying up.

 Cheesy Cheesy Cheesy

but bitparking is finally getting some volume lol

https://ltcexchange.bitparking.com
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
LTC buy orderbook appears to be drying up.

 Cheesy Cheesy Cheesy
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
parking so much money in open orders, either a very smart strategy, or it's incredibly stupid.
420
hero member
Activity: 756
Merit: 500
13mil LTC exist so yes btc-e probably has millions
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