[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 148 KB, 1504x601, wtfff.png [View same] [iqdb] [saucenao] [google]
29382282 No.29382282 [Reply] [Original]

Can someone explain this shit i dont get it

>> No.29382424

>>29382282
Probably an error, it’s not on Binance

>> No.29382495

>>29382282
kraken got rekt on a lot of coins also eth dipped to 700

>> No.29382548

>>29382282
It only went down to 86 cents

>> No.29382871

lack of liquidity on the exchange. That's fucking crazy though, Kraken fucked up somehow. Same shit happened on ETH w/ Kraken.

>> No.29382972

>>29382548
It went to 15 CENTS on Kraken lmao.

>> No.29382978

>>29382282
exchange giving you a hint of where this shitcoin is going

>> No.29383339

Might be worth having a standing buy order at some ridiculously low amount and assume it never gets filled. But if it does you become a rich rich man

>> No.29383513

the lack of liquidity is bullish, r-right?

>> No.29383701

>>29382972
It's an error
https://messari.io/asset/cardano
86 cents. It's not possible that it's went down to 15cents$ that fast. There's to much staked. Something like 75% of circulating supply is staked.

>> No.29383805

>>29382282
It hit actually value for a second.

>> No.29383807

>>29382978
It didn't go down that low
>>29383701

>> No.29383825

>>29383701
sure it's possible. longs get liquidated and that spirals out of control

>> No.29383863

>>29382495
This

I market bought my ETH shorts back at like $1450 and it closed them at like $950. That shit was insane, but at least I was in favor.

>> No.29383934

>>29383825
Didn't go down that low. Not possible.

>> No.29383976
File: 67 KB, 700x681, 2021-02-22-153123_700x681_scrot.png [View same] [iqdb] [saucenao] [google]
29383976

>>29383934
lol check the charts retard

>> No.29384098

>>29382871
>fucked up

You mean "deliberately liquidating people unfairly because they are totally unregulated".

>> No.29384108

>>29383701
It's not a chart error, it happened. It's a liquidity crisis. It only happened on Kraken because Kraken either didn't have the order volume or they fucked something up.

>> No.29384185

>>29384098
>b-but it's unfair :((((

>> No.29384317

>>29383976
You know what that means
there is no escape

>> No.29384328

>>29383976
It didn't go down that low. CB pro only had ETH go down to 1500, which is more realistic and accurate and commensurate to the dips of BTC and everything else as a % of total value. You use a gimp second rate inaccurate k mart chart. Loser.

>> No.29384390

>>29384328
what part about it happening only on kraken don't you understand you total moron. kill yourself.

>> No.29384420

>>29384108
Guess who had a stoploss that got triggered

>> No.29384425

>>29384185
>deliberately liquidating longs and shorts with magical flashdumps is unfair

Yes by the rules they're supposed to be playing by it's literally the house deciding that even though you called black and it came up black, they're gonna say it was red.

>> No.29384502

>>29384425
you kill yourself as well. longs get liquidated and shit crashes. happens in illiquid markets all the time.

>> No.29384549

>>29382282
A smart way to trigger everyone's stoploss, that's what it was

>> No.29384669

>>29384108
Right, so it was a kraken specific dip you are saying. Just as people are saying ETH dipped down to 700 on kraken but only 1500 on coinbase pro. Coinbase pro is more accurate. 1500 is more realistic and commensurate to the dips of BTC and everything else as a % of total value.

>> No.29384892

>>29384390
>kill yourself
No U. And stop using faulty charts dummy. Eth never dropped to 700 and ADA never dropped to 15$cents USD. Obviously. Fucking durrr.

>> No.29384894
File: 61 KB, 826x609, iu.png [View same] [iqdb] [saucenao] [google]
29384894

>>29384669
>Coinbase pro is more accurate.

>> No.29384987
File: 30 KB, 200x200, iu.png [View same] [iqdb] [saucenao] [google]
29384987

>>29384892
>faulty charts

>> No.29385018

>>29384894
Yeah. Obviously. ETH never dropped to 700 dummy. See here for a breakdown of the situation>>29384892

>> No.29385046
File: 47 KB, 1056x772, DOT.png [View same] [iqdb] [saucenao] [google]
29385046

>> No.29385132
File: 40 KB, 1014x698, Linkies13.png [View same] [iqdb] [saucenao] [google]
29385132

wtf kraken

>> No.29385137

>>29382282
turns out kraken is an ever bigger scam than binance with their scam wicks. a whole bunch of stop losses were hit and weak handed faggots liquidated due to this

>> No.29385167

>>29382282
i see this all the time on a lot of coins. What exactly is that? some error?

>> No.29385356

>>29385137
Yes, exactly. Tell that to these brainlets
>>29382282
>>29382495
>>29382978
>>29383805
>>29383825
>>29383976
>>29384390
>>29384502
>>29384894
>>29384987

>> No.29385590

>>29385167
Nah, its people being scammed, I saw a thread on leddit, you join a "pump" telegram, they teach you how to leave orders when you go to sleep, and the scammes makes the counter-order. ir happens everry other day on any coin. never fall for those pump scams from whales.

>> No.29385672

It's real, people are crying on Twitter about being liquidated

>> No.29386266

>>29382495
Didn't ETH went all the way down to $0.01?

>> No.29386282

>>29382282
is the liquidity on kraken that shit?

>> No.29386349

>>29382282
coinbase needed to buy cheap, so kraken helped them

>> No.29386463

>>29385167
person(s) doing a really big order that clears the order books

>> No.29386523

>>29386266
you're confusing different dips or are too much of a newfag to have not witnessed the 300-0 dip with ETH

>> No.29386524

>>29386266
in 2015 or 2016 it did yea

>> No.29386530

>>29386266
During the DAO hack it did

>> No.29386555

>>29384894
Here you go
>Each exchange calculates the price based on its trading volume, as well as the supply and demand of its users. This means that the higher the exchange, the more market-relevant prices you get. There is no stable or fair price for Bitcoin or any other coin - the market always sets it.
Coinbase has more users so more accurate to a global price if there was one. So the dip was kraken specific and kraken has less volume so less accurate to an aggregate price.

>> No.29386676

>>29386555
>So the dip was kraken specific
It's amazing your tiny neurons were able to grasp this in the end

>> No.29386690

>>29385356

How fucking stupid you are?

>> No.29387344

>>29386676
I grasped from the beginning. It was you who didn't. I said here>>29384328
>CB pro only had ETH go down to 1500, which is more realistic and accurate and commensurate to the dips of BTC and everything else as a % of total value.
Which is exactly what this here>>29386555
says
>This means that the higher the exchange, the more market-relevant prices you get
Coinbase pro is more relevant to the actual aggregate of markets

>> No.29387484

>>29382282
this is why you are trading in big exchange

>> No.29387591

>>29382282
showing true value without fake tether

>> No.29387665

>>29387484
Kraken isn't that small though

>> No.29388122

>>29386676
I will just add this
>Since every cryptoasset can be traded on more than one exchange and as more than one pair (e.g., BTC/USD, BTC/USDT, BTC/EUR), we need a way to aggregate these different prices. The Messari aggregate price is a 24-hour volume-weighted average (VWAP) across various exchanges and pairs, quoted in USD. You can learn more on our Price methodology in our Proprietary Methods page.
>This is the asset's recent trading price (averaged across a number of exchanges) in US Dollars.
So when I posted this>>29382548
It was accurate. It is a markets wide aggregate of prices and so when I said the price of ADA only went to 86 cents, I was accurate in terms of as close to a global ADA price as you can get. Though op was only talking about kraken, so I was wrong in that I didn't take that into consideration. So I was right on some accounts in this thread but not completely informed on other details of what op was trying to convey.

>> No.29388296

>>29382282
Realistically did anyone's orders fill at sub 0.20 or was it just a few dozen coins sold that low?

>> No.29388825

Mi liquidation price on Binance for Ethereum is $585. Should I be worried over the possibility of a scam wick similar to this one?

>> No.29388863

>>29388825
Scamwicks should always be a worry.
I only hold, never been liqd.

>> No.29389003
File: 38 KB, 540x922, 7d74k.jpg [View same] [iqdb] [saucenao] [google]
29389003

>>29388122

Thanks for you blog bro, but in the end of the day everyone will know the truth.

You are underaged and horny or just prime example of Dunning-Kruger -effect in action.

>> No.29389396

>>29388825
>binance
>scam wick
it's not a matter of if, it's a matter of when