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Offline lil_jay890

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Massive Buy Order on the DEX for bitUSD
« on: June 29, 2015, 06:14:37 PM »

Anyone see this $60,000 buy order for bitUSD on the DEX?  Either someone is very bearish bts, or maybe they are thinking of making payments to people it bitUSD.  Would be great if it's the latter of the two.

Offline MrJeans

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Re: Massive Buy Order on the DEX for bitUSD
« Reply #1 on: June 29, 2015, 06:24:48 PM »
Ya I've been wondering about this order.
Its bid has been changing right?

Offline lil_jay890

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Re: Massive Buy Order on the DEX for bitUSD
« Reply #2 on: June 29, 2015, 06:34:57 PM »
Ya I've been wondering about this order.
Its bid has been changing right?

Oh it might be all the expired shorts that still need to cover... that would explain the changing bid

Offline BunkerChain Labs

Re: Massive Buy Order on the DEX for bitUSD
« Reply #3 on: June 30, 2015, 03:50:56 AM »
Or maybe someone convinced the car dealer that they were only going to do a deal for their new beamer if they took payment in bitUSD.

Just say'en.. I have started to do this myself.. ask my vendors to take bitUSD and to pay me in bitUSD.. my success rate has been pretty good.
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Offline liondani

Re: Massive Buy Order on the DEX for bitUSD
« Reply #4 on: June 30, 2015, 12:26:28 PM »
Ya I've been wondering about this order.
Its bid has been changing right?

Oh it might be all the expired shorts that still need to cover... that would explain the changing bid
I bet that's the case...

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Offline cylonmaker2053

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Re: Massive Buy Order on the DEX for bitUSD
« Reply #5 on: June 30, 2015, 02:25:11 PM »
yeah that big buy order is there almost constantly now with changing bid to match peg...almost certainly a bundle of expired shorts. i do my best to cover my positions before they get lumped into this black hole.

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Re: Massive Buy Order on the DEX for bitUSD
« Reply #6 on: June 30, 2015, 02:51:14 PM »
yeah that big buy order is there almost constantly now with changing bid to match peg...almost certainly a bundle of expired shorts. i do my best to cover my positions before they get lumped into this black hole.
You can still cover your position if it expires and is placed on the feed. I would imagine that a lot of the shorts positions do have extra money to cover their positions but would rather not prematurely realize any gains or losses as well as incur a the cost of crossing the spread to buy bitusd. At least that's why I haven't covered yet.

Offline MrJeans

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Re: Massive Buy Order on the DEX for bitUSD
« Reply #7 on: July 01, 2015, 02:07:16 PM »
Or maybe someone convinced the car dealer that they were only going to do a deal for their new beamer if they took payment in bitUSD.
Yes, this!  :D

 

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