BitCoin FlashCrash

#1

Post by some1else » Mon, Jun 20, 2011, 1:38 AM UTC

BitCoin FlashCrash
youtube.com

Re: BitCoin FlashCrash

#2

Post by mcphilip » Mon, Jun 20, 2011, 2:35 AM UTC

A bit off topic, but this video brings to mind my favorite U.S. equities flash crash video:

http://www.youtube.com/watch?v=iYhMyPAbaGw

Re: BitCoin FlashCrash

#3

Post by cantbecool » Mon, Jun 20, 2011, 2:59 AM UTC

mcphilip wrote: post #2

A bit off topic, but this video brings to mind my favorite U.S. equities flash crash video: http://www.youtube.com/watch?v=iYhMyPAbaGw

"Talk about exuberance." It seems like this fellow wanted the stock market to crash and burn. Sad.

Here is some additional information regarding the 2010 Flash Crash: http://en.wikipedia.org/wiki/2010_Flash_Crash

Re: BitCoin FlashCrash

#4

Post by corin_ » Mon, Jun 20, 2011, 3:22 AM UTC

mcphilip wrote: post #2

A bit off topic, but this video brings to mind my favorite U.S. equities flash crash video: http://www.youtube.com/watch?v=iYhMyPAbaGw

I can't listen to that voice, not sure why but it was driving my crazy after 5 seconds.

Re: BitCoin FlashCrash

#5

Post by Dabacon » Mon, Jun 20, 2011, 4:41 AM UTC

Is it me or is it odd that it bottomed out at 0.0123456?

Re: BitCoin FlashCrash

#6

Post by vessenes » Mon, Jun 20, 2011, 4:48 AM UTC

Dabacon wrote: post #5

Is it me or is it odd that it bottomed out at 0.0123456?

There are few to no orders at that price level on the exchange; in this case, the person who sold down the BTC also posted buy orders at that level. Look for .01337 next time there's a hack like this.

Re: BitCoin FlashCrash

#7

Post by [deleted] » Mon, Jun 20, 2011, 6:58 AM UTC

corin_ wrote: post #4

mcphilip wrote: post #2

A bit off topic, but this video brings to mind my favorite U.S. equities flash crash video: http://www.youtube.com/watch?v=iYhMyPAbaGw

I can't listen to that voice, not sure why but it was driving my crazy after 5 seconds.

[deleted]

Re: BitCoin FlashCrash

#8

Post by swishercutter » Mon, Jun 20, 2011, 7:22 AM UTC

I was in that forum while that was happening....lol.

Re: BitCoin FlashCrash

#9

Post by kseudo » Mon, Jun 20, 2011, 8:04 AM UTC

"This is going to be the biggest story ever" ...hearing this made me smile and realize that in the larger scale of things there are probably worse things that could happen.

Re: BitCoin FlashCrash

#10

Post by tomjen3 » Mon, Jun 20, 2011, 8:07 AM UTC

cantbecool wrote: post #3

mcphilip wrote: post #2

A bit off topic, but this video brings to mind my favorite U.S. equities flash crash video: http://www.youtube.com/watch?v=iYhMyPAbaGw

"Talk about exuberance." It seems like this fellow wanted the stock market to crash and burn. Sad. Here is some additional information regarding the 2010 Flash Crash: http://en.wikipedia.org/wiki/2010_Flash_Crash

I would want it to crash and burn - so much potential would be freed, no companies who could afford to buy senators.