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Main => General Discussion => Topic started by: lil_jay890 on June 29, 2015, 06:14:37 pm

Title: Massive Buy Order on the DEX for bitUSD
Post by: lil_jay890 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.
Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: MrJeans on June 29, 2015, 06:24:48 pm
Ya I've been wondering about this order.
Its bid has been changing right?
Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: lil_jay890 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
Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: BunkerChainLabs-DataSecurityNode 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.
Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: liondani 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...

Sent from my ALCATEL ONE TOUCH 997D

Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: cylonmaker2053 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.
Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: clout 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.
Title: Re: Massive Buy Order on the DEX for bitUSD
Post by: MrJeans 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