Re: [ANN] $XQN Quotient Financial Network | PoW Scrypt, PoS Blake-256 | UPDATE NOW
Hi,
there is some confusion as to what happened with this tick so I'll explain. The BTC volume in the tick is an approximation that takes the average of the opening and closing price of the tick and multiplies it by the amount of XQN that was sold The XQN volume of the tick is accurate but because of the wild price change of the tick, the BTC volume was horribly skewed.
50,533.33 XQN were sold in that tick and the avg price was (1 + .00009999)/2 ~= 0.5 BTC. If you multiply that together, you see why the chart thinks the BTC was 25000 BTC volume in that tick.
Sorry for the confusion. We'll be fixing this in a future update to the site.
Bill
The 25k btc volume must be an error then. What those guys did, if true, is almost too stupid to believe. Were they on a massive coke binge?
Who is more stupid, the guy who spent 25 btc to get 50k coins or the guy who sold me 60k coins for 2-3 bitcoins a week ago?
25k btc is like 6 million bucks? i doubt that someone puts such amount of money on an exchange
Me neither, that's why I assumed it to be Bittrex btc. I don't understand why the listed volume is so far off of what actually occurred, it had me very confused.
About the stupid comment I wish I hadn't said that, as I made some good profit from the spike - let me change it to thanks to whoever did it and hope you don't take too much of a hit.
25k BTC isn't big deal for team if they like to double or triple they investment. Lets say if somebody have 60 or 70 mill budget to invest money for 50 or 60 % in few weeks .As far I remember
most people call as ( early bitcoin miners) that we're stupid .But after while those stupid guys turn to be an millionaires and for sure today nobody call them stupid.Conclusion IMO that wasn't a single guy but group of smart guys and probably we will have answer very soon .Because BTC price will skyrocket after first quarter of fiscal year and we all know that first quarter of fiscal year is ended at March 10 . 4 -pm
Lets see.. Who is right.
there is some confusion as to what happened with this tick so I'll explain. The BTC volume in the tick is an approximation that takes the average of the opening and closing price of the tick and multiplies it by the amount of XQN that was sold The XQN volume of the tick is accurate but because of the wild price change of the tick, the BTC volume was horribly skewed.
50,533.33 XQN were sold in that tick and the avg price was (1 + .00009999)/2 ~= 0.5 BTC. If you multiply that together, you see why the chart thinks the BTC was 25000 BTC volume in that tick.
Sorry for the confusion. We'll be fixing this in a future update to the site.
Bill
The 25k btc volume must be an error then. What those guys did, if true, is almost too stupid to believe. Were they on a massive coke binge?
Who is more stupid, the guy who spent 25 btc to get 50k coins or the guy who sold me 60k coins for 2-3 bitcoins a week ago?
25k btc is like 6 million bucks? i doubt that someone puts such amount of money on an exchange
About the stupid comment I wish I hadn't said that, as I made some good profit from the spike - let me change it to thanks to whoever did it and hope you don't take too much of a hit.
most people call as ( early bitcoin miners) that we're stupid .But after while those stupid guys turn to be an millionaires and for sure today nobody call them stupid.Conclusion IMO that wasn't a single guy but group of smart guys and probably we will have answer very soon .Because BTC price will skyrocket after first quarter of fiscal year and we all know that first quarter of fiscal year is ended at March 10 . 4 -pm
Lets see.. Who is right.