Possible but I doubt that happened.
Who does not buy at a low price, wait for a price rise and then buys in? Only an idiot ( in my opinion ).
My guess would be someone in a hurry to accumulate, so did not get the most bang for their buck but now has a nice bag.
I just tried to look to analyse what happened but I cant see that far back in the transaction history.
Well me⌠I sold at around 1600, realised my mistake and bought in again at 1800ish
people always assume if you have lots of BTC to play with you must be like some master trader. I have not yet heard the hypothesis that this guy just sucks at trading and lost a bunch of money here. seems like the most simple solution to consider before we go off trying to figure out what his devious master plan is ![]()
Its as valid a theory as anyâŚ
Do you see any major problem with the scenario I posited earlier?
its possible in theory but I donât think its the most simple solution. Add more moving parts and there are more ways it could not be what actually happened.
You had just said you sold close to the peak then reboughtâŚ
Now your saying you bought in late.
Maybe Iâve had to much vodka today but youâve sure confused me.
And no, that does not help.
Does not show how many individual buys pushed the price up with how many maid purchases, or how many maid sold in how many sells to bring the price back down.
I initially sold too early - bought in again soon after, sold fairly close to the first peak and bought in again⌠Then on the second peak I again was lucky to sell near the peak. If anything I bought back in too early as it still had a fair bit to fall.
As for the graph I forgot to add the caption. It was merely to give you a hint to get the settings for seeing the shape of the action in detail. If you want all the various buys then youâll need to trawl through the order history. Not difficult, just a PITA.
I tried, not logged in, but it only went back 5 pages that did not cover that period.
Thatâs the only true way to make a more informed idea of what truly happened though.
Maybe @andypants is correct, it was an idiot with more BTC than sense. Either way Iâm not complaining.
Thatâs my general guess, but we will never really know.
Edit. Whoâd have thought we would ever be in agreement about andy being correct. Strange times indeed.
Sorry andyâŚ
There are plenty of us idiots out there. Believe me
I just try to play devils advocate and make sure we have analyzed even the most far out positions, in this case its that something incredibly simple happened and people got the zoomies with all the money flying around.
I have never used this, I am still on the fence if it is worth trying.
I see this quote on their blog post:
âOmni Core 0.8.0+ users can use the new feature as soon as it is available and Omni Wallet users not in restricted jurisdictions will have access shortly thereafterâ
So, it sounds like no restrictions on Omni Core, just the website.
Thanks, but I looked, and the U.S. is restricted there, too.
if I understand it correctly, you have to download the entire bit coin chain to use omnicore, though, right?
Yes, although I donât see that as a big deal. It would seem more problematic to me that trading is through command line. It also looked like all orders require an on chain (Bitcoin) transaction, although that wasnât entirely clear from their tutorial.
Edit - to clarify, Omni Core is a Bitcoin Core wallet modified to support the Omni protocol (ie. Omni Core downloads the Bitcoin blockchain)
Iâm reasonably handy with stuff, and Iâd be scared to use a command line DEX for any real value.
IIRC, on-chain OMNI transactions require an on-chain BTC transaction. Omni assets are fundamentally metadata on the bitcoin blockchain, secure yes, easy to use, no. They do require the BTC blockchain to see the metadata that validates their asset transactions. I donât know, but if this is a requirement for their DEX, donât bother.
