Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SHIFT] The new web | IPFS ready on testnet+IPFS gateway! Come in and play!
by
john03
on 05/05/2017, 03:22:53 UTC
Shift hit 65k what happened?

I think someone just accidentally purchased a load of shift for almost a dollar per coin. Oops.

I found few buy and sell orders on Bittrex that created the price movement.Maybe something more is going on Livecoin, but I don't have a account there.Can somebody take a look at livecoin?

Here are the screenshots:





There was automated maintenance going on for 15 hours (as shown in your screenshot). During maintenance price showed different in my wallet and when looking chart, I was wondering it. Then maintenance finished and market opened and there was some strange trades at first with high price. But combined volume is very small in those high trades. So it definitely doesn't reflect what total asks were up to that price in markets. Someone who had sell orders between 30k-60k can confirm their orders not filled?

For technical trading point of view it gives false signal that this is ATH and it should be fixed by BitTrex with explanation what happened. So we don't give thoughts this was orchestrated fomo by insiders or anything similar.




I had some sell orders in the mentioned range

What actually happened was when the automated maintenance was about to get over and just before the wallet was up and running almost all
the sell orders got cancelled, my SHIFT tokens which were placed for sell were back in my wallet.

At that time a few buy orders popped up which tried to place the order at a similar price range which was seen at the LiveCoin exchange.

I got a chance to sell at that rate and then bought it again at a cheaper rate and in the process increasing my SHIFT bag  a bit Grin