Do you know anything about these tiny transactions on the polo exchange, are they a ploy to move price in any way?
Edit: maybe they are making a rounding balance somehow, as there are some 0.00099999 ‘Total BTC’ on the sell side…
Could be someone testing a bot. Or someone using a bot and investing 1% of their balance and its spread across a number of bids/asks
those are bots placing those. poloniex has a distinct system of bots, it seems! can see the pattern if pay attention for awhile. it’s part of the norm, i think it’s pretty cool. they just fill in various price points “just because”. at least that’s my take on it; it makes for a nice lack of fear imo, that the price fills in automatically. anyway idk what i’m talking about right now, be back later! (it could very well be people buying/selling into those bot-placed orders, hence yes, ploys and stuff.)
Amounts under 10k satoshis are settlements from margin calls and loan settlements ; humans and bots have to place at least 10k satoshi bids or asks . Other dust amounts are remainders of bids and asks that cross a particular price point , and if the bids and asks cannot be matched exactly within the amount being traded , there might be even a partial amount not being used , which is therefore refunded to the balance of the user .
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Thanks for the explanation Zero 
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i wouldn’t focus too much on competition between projects in blue ocean markets… better to talk about collaboration and keep things collegial instead of what we are seeing with bitcoin ecosystem at the moment with people fighting turf wars over minutiae
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Poloniex is moving to a new fee structure on the 20th of March.
small traders will be charged 0.15% fee when placing an new order and will be charged 0.25% when placing an order that if filled by an existing order.
There’s currently a wall on 24500 satoshis on poloniex,
A thousand bitcoins
very nice
it’s fake it won’t stay it it get push
It was on FACT few day ago
It is not fake. When you put a buy order in it can be filled for that price. It may not be intending to get filled, but it is definitely not fake.Could be another exchange looking to get liquidity.
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Yes, strategic probably a better word than fake. I agree though, it is not intending to get filled. It has been appearing on and off for a week now. Probably just some inexperienced attempt at market manipulation. A lot of new money ‘whales’ out there after the Eth boom I reckon ;).
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Trollbox: nice half-million usd buy wall on MAID
Follow the MAID banter on PoloniBox
The picture at 26994
munch munch
Totally organic at 21347
Rinse and repeat at 1600
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http://omnichest.info/lookupadd.aspx?address=19h9LpXHVKEYzDJCKdhaXkmu3zavZdiyYk
That might be the inspiration of the 7m MAID buy wall;
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What’s your take on these relatively new crypto markets, are you seeing any fundamentals at work…or is BTC sloshing from one side to the other you think?
It appears one could get wiped out pretty easily on here looking the percentage swings.
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There is no one way paved road for any item traded in the world;
Markets are never rational because information is always fleeting. What price makes sense to one of us Today and to someone else on the same Today is going to be different so each instantaneity varies.
I’m a hodlor, I get the sense that someday the price will be higher than it is now still, and I’ve understood that the value of converting Safecoin to data capacity on our awesome network is something of value. So what it is between now and that time when people quantify it’s price is just unknown; traders gonna trade.
Notice the buy wall on MAID was almost = to the amount the person deposited. So I sense some “fun” happening, we don’t know if its 2 people and one of them is negotiating a price etc… you see?
The fact we can see when a selling is going to happen before it does, I wonder how things will be on safex where no one has to make a deposit, they can just “go for it” And that will be epic, because today select few people learn about “that company is repatriating xy billion fiat to another currency” and then you can gain an insight of the trends… this will be more rare in SAFE where clearing houses are not centralized. Very eager for the new markets where skewed info will be harder to obtain therefore, the mess in between lasts shorter. Prices will be discovered rapidly.
I speak in regards to you can see the deposit to poloniex, and then people react, and dump ahead since they have coins int hee xchange. So it has more extension than if no one knew what was about to transpire, someone looking to sell… Think about this if the person deposited and wanted to sell 25% higher, and folks sell anticipating that, and what if that deposit never hits the market and only went to exchange… Sometimes there are different confirmations for events
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There was a thread about calculations on how much cloud storage cost. It is around 40 cents per gigabyte each month. I think the proper prices will be few dollars per gigabyte.
So it is greatly undervalued.
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https://twitter.com/Dallyshalla/status/699399845807853570
Just the cost for a year on amazon, compared to “for the life of the network” we have yet to see the network expand and when there is a live network we will know
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Hey MAID’s going down, go out and buy!
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Went down due to a massive sell off of over 1000BTC worth in one hit. Someone wants to buy some other coin, that is certainly not their weekly shopping money
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