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Title: "Last price" at top of MtGox is BS? Post by: localhost on August 29, 2012, 06:32:49 AM I'm just getting started with Mt Gox and placed a couple of tiny orders, at 8.7 and 8.8€. I noticed that the "last price" (I assume this is the price at which the latest transaction took place?) displayed at the top of every MtGox page and which seems to be updated in real time has since then been fluctuating between ~8.67 and ~8.8.
Hence my questions: - if this price isn't BS, why have my orders (or at least the highest one) not been executed? - if the price is BS, where can I find the real transaction history? In the stock market I can see all past orders and pending orders, at BTC-E I can see all pending orders, in MtGox I just can't seem to find that information. Title: Re: "Last price" at top of MtGox is BS? Post by: Enigma81 on August 29, 2012, 06:45:36 AM It's not BS, it's just not necessarily a realistic number. Trading bots sometimes execute very small (.01 Bitcoin) trades at 'abnormal' prices in order to make people and other bots think that the market is moving in one direction or another.
try bitcoin.clarkmoody.com for (near) real-time executions, and you'll see what I mean. Title: Re: "Last price" at top of MtGox is BS? Post by: localhost on August 29, 2012, 07:07:45 AM Thanks, this website is pretty neat. :)
Still I don't get how bots can trade below my orders without hitting them. No matter how tiny the transaction, it should hit the highest order first. I mean, even if you sell only 0.01 BTC you sell it to the guy offering 11$/BTC before selling the rest to the guy offering 10.5$/BTC... Title: Re: "Last price" at top of MtGox is BS? Post by: Meni Rosenfeld on August 29, 2012, 07:18:23 AM This may have something to do with the fact that you're looking at EUR rather than USD. It's possible that the last price displayed is a USD trade converted to EUR, which needn't exactly match the orders you've placed.
Though you should ask Mtgox directly because if this is a bug, it's a fairly serious one. Title: Re: "Last price" at top of MtGox is BS? Post by: localhost on August 29, 2012, 07:25:44 AM This may have something to do with the fact that you're looking at EUR rather than USD. It's possible that the last price displayed is a USD trade converted to EUR, which needn't exactly match the orders you've placed. Yeah that seems like the most likely explanation, although it's a weird choice IMO to convert BTC-USD transactions for display to EUR users while those same users are given no way to trade in BTC-USD.Edit: my orders have now been executed though, but the last transaction shows <8.5€ so it seems like it had to go much below my order for it to pass Edit 2: contacted them just in case Title: Re: "Last price" at top of MtGox is BS? Post by: localhost on August 29, 2012, 08:04:09 AM Super-fast response from support: indeed this "last price" pools trades from all markets hence the difference.
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