Post
Topic
Board Announcements (Altcoins)
Re: [BTA] BATA | i2p | Tor | 10 Exchanges | Long POW Est 05/15 - POS to Begin SOON!
by
earthpet
on 21/05/2016, 17:24:25 UTC
Livecoin test.

I was curious as to how Livecoin could get so much trading volume in Bata. So, I am doing a test. I deposited .01277548 BTC and placed an order for 749+ Bata. The open orders are scarce. There are currently buy orders for a total of 6538 Bata (including my 749+). There are currently sell orders for 1253.9 Bata. This is very small amount.

In contrast there are 135433.213 Bata currently for sale on Bittrex and there are buy orders for 1257081.327 Bata. But SOMEHOW Livecoin is doing over 5 times the volume of Bittrex! While I was writing this apparently someone ordered some Bata at a good price. That was pretty sneaky! Here are the apparent recent transactions:

    21.05.2016 20:02    buy    142.20925 BTA    0.00002174 BTC    0.00309163 BTC
   21.05.2016 20:02    buy    115.74801 BTA    0.00002179 BTC    0.00252215 BTC
   21.05.2016 20:02    buy    260.79127 BTA    0.000022 BTC    0.00573741 BTC
   21.05.2016 19:14    sell    345.4916 BTA    0.00001734 BTC    0.00599082 BTC
   21.05.2016 19:14    sell    94.516 BTA    0.00001643 BTC    0.0015529 BTC
   21.05.2016 19:13    sell    348.296 BTA    0.00001943 BTC    0.00676739 BTC
   21.05.2016 19:13    buy    355.4196 BTA    0.00001829 BTC    0.00650062 BTC
   21.05.2016 19:00    buy    366.645 BTA    0.00001997 BTC    0.0073219 BTC
   21.05.2016 19:00    buy    578.95 BTA    0.00001727 BTC    0.00999847 BTC

Where did all of this Bata go up for sale? In the meantime nobody is selling me their Bata for 1700 satoshis. Wait a minute! Some more trades just happened:

    21.05.2016 20:14    buy    197.114 BTA    0.00002211 BTC    0.00435819 BTC
   21.05.2016 20:14    sell    464.19 BTA    0.00002093 BTC    0.0097155 BTC
   21.05.2016 20:13    sell    295.72 BTA    0.00002081 BTC    0.00615393 BTC

Amazing! It didn't even appear on the buy/sell orders and yet it got traded. It's a miracle! Still showing the same old buy and sell orders that it has for days. Yet, somehow a massive volume of trades is happening secretly. This is affecting the chart on coinmarketcap. What looks like a spike in price was just this questionable/ghostly trading taking place.