the Mt.Gox and Bitstamp order books tracked together to show how both respond to the same events and inputs as well as to each other.
This timelapse shows the behavior of both exchanges in the run up to, during, and after the $900 exchange rate peak and subsequent collapse back down to (a still somewhat higher than expected) $520 level, followed by a few bounces to eventually settle in the mid 500 range. Time range is Nov 18-19.
Based on the time it happened and the massive 25-30% spread observed between Chinese Bitcoin exchanges and those in the rest of the world (Chinese BTC/USD approaching an exchange rate adjusted BTC/USD $1100+ point at times), this was apparently fueled by overly enthusiastic Chinese market participation, likely along with savvy market manipulation by a few well-prepared whales who have seen this cycle play out multiple times. For better or worse, expect to see more of this kind of thing over the next few months. #valeur du bitcoin #how much is 1 bitcoin #no deposit bonus crypto loko #online crypto wallets
12+ hour time lapse Bitcoin on Mt.Gox and BitStamp showing $900 ATH spike and flash crash [G6n1gMcw2QJ]
the Mt.Gox and Bitstamp order books tracked together to show how both respond to the same events and inputs as well as to each other.
This timelapse shows the behavior of both exchanges in the run up to, during, and after the $900 exchange rate peak and subsequent collapse back down to (a still somewhat higher than expected) $520 level, followed by a few bounces to eventually settle in the mid 500 range. Time range is Nov 18-19.
Based on the time it happened and the massive 25-30% spread observed between Chinese Bitcoin exchanges and those in the rest of the world (Chinese BTC/USD approaching an exchange rate adjusted BTC/USD $1100+ point at times), this was apparently fueled by overly enthusiastic Chinese market participation, likely along with savvy market manipulation by a few well-prepared whales who have seen this cycle play out multiple times. For better or worse, expect to see more of this kind of thing over the next few months. #valeur du bitcoin #how much is 1 bitcoin #no deposit bonus crypto loko #online crypto wallets