Author Topic: Bitshares price discussion  (Read 540871 times)

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Offline mukul13

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Re: Bitshares price discussion
« Reply #2175 on: January 07, 2016, 01:43:01 am »
down down and down and down

Offline Ander

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Re: Bitshares price discussion
« Reply #2176 on: January 07, 2016, 03:47:39 am »
lol, get rekt.
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Offline nomoreheroes7

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Re: Bitshares price discussion
« Reply #2177 on: January 07, 2016, 04:10:29 am »
lol, get rekt.

I see Ander's made his triumphant return...

Wow this sucks.

Offline bitmeat

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Re: Bitshares price discussion
« Reply #2178 on: January 07, 2016, 04:11:33 am »
200 is next.

Offline werneo

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Re: Bitshares price discussion
« Reply #2179 on: January 07, 2016, 04:26:06 am »
I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me  :-\

Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.

Offline onceuponatime

Re: Bitshares price discussion
« Reply #2180 on: January 07, 2016, 04:34:45 am »
I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me  :-\

Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.

Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades. 
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
« Last Edit: January 07, 2016, 04:36:25 am by onceuponatime »

Offline bitmeat

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Re: Bitshares price discussion
« Reply #2181 on: January 07, 2016, 04:56:24 am »
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades. 
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.

Bo Shen?

Offline dannotestein

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Re: Bitshares price discussion
« Reply #2182 on: January 07, 2016, 05:00:45 am »
I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me  :-\

Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.

Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades. 
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
Well, I try to avoid generally commenting on market activity, since we operate as a market maker, but it looks to me more like the account you mentioned was "reacting" to the price drop rather than causing it. But your idea about the drops in Shanghai exchange being the ultimate cause could be correct; it might be someone needed to cover a margin call on Shanghai exchange by selling on poloniex to get funds. However, I always assumed most chinese traders would be trading on chinese exchanges instead of poloniex, but I suppose that's not universally true of course.
« Last Edit: January 07, 2016, 05:03:10 am by dannotestein »
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Offline onceuponatime

Re: Bitshares price discussion
« Reply #2183 on: January 07, 2016, 05:01:26 am »
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades. 
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.

Bo Shen?

That would be my guess.

julian1

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Re: Bitshares price discussion
« Reply #2184 on: January 07, 2016, 05:36:52 am »
Selling BTS on Blocktrades for Trade.btc? Does Blocktrades then hedge on an external exchange creating the BTS/BTC price action?

Offline Riverhead

Re: Bitshares price discussion
« Reply #2185 on: January 07, 2016, 05:39:36 am »



Ouch. Check out the volume on BTS:USD. If this was a squeeze play then - well done. The entire BTS:USD order history is margin calls.

Offline dannotestein

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Re: Bitshares price discussion
« Reply #2186 on: January 07, 2016, 05:47:43 am »
Selling BTS on Blocktrades for Trade.btc? Does Blocktrades then hedge on an external exchange creating the BTS/BTC price action?
No, the activity on poloniex was not directly related to the sale of BTS to BlockTrades. As far as I can tell, the sales to BlockTrades were made after the sudden Poloniex price drop.
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Offline tonyk

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Re: Bitshares price discussion
« Reply #2187 on: January 07, 2016, 06:03:32 am »
I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me  :-\

Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.

Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades. 
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.

She was 'ecstatic' about the stealth* proposition...so she sold started selling before the... proverbial s hit the  proverbial f...



*Stealth , MAS, "exchanges suck as a business", "I am trapped by the people that gave me 4 mil USD", the  benefits of the proof of work and dilution my way , "I am about to charge 7000$/h for anything I do not feel like doing"...bla bla bla the whole BM nonsense package..
« Last Edit: January 07, 2016, 06:16:15 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

julian1

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Re: Bitshares price discussion
« Reply #2188 on: January 07, 2016, 06:05:54 am »
Selling BTS on Blocktrades for Trade.btc? Does Blocktrades then hedge on an external exchange creating the BTS/BTC price action?
No, the activity on poloniex was not directly related to the sale of BTS to BlockTrades. As far as I can tell, the sales to BlockTrades were made after the sudden Poloniex price drop.

Thanks dannotestein

Offline sudo

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Re: Bitshares price discussion
« Reply #2189 on: January 07, 2016, 06:59:59 am »
what‘s wrong with bts??????????????????