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Title: MtGox should halt trading when Order Lag time is this long. Post by: crazy_rabbit on March 07, 2013, 12:19:22 AM Last check it was a 15 minute lag time for orders to be processed. At this point I think Mt.Gox should halt trading, it dangerous to the system if you can't process orders in a reasonable time frame, and nor can users cancel their orders, you're just getting a dam behind which is a ever increasing number of panicing sellers/buyers who have no accurate information and yet every decision they make only exacerbates the problem.
Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: aurora on March 07, 2013, 12:21:57 AM they prolly do lagging on purpose
Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: crazy_rabbit on March 07, 2013, 12:24:17 AM its unacceptable.
Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: aurora on March 07, 2013, 12:28:36 AM i think gox heard you.....................
........................ decentralized=high risk centralized=low risk Thats the life Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: playtin on March 07, 2013, 12:29:27 AM Is the issue MtGox being slow, or is the real issue that everyone uses MtGox despite being so slow?
Just asking. Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: crazy_rabbit on March 07, 2013, 12:30:25 AM Is the issue MtGox being slow, or is the real issue that everyone uses MtGox despite being so slow? Just asking. Well this is seriously making me think otherwise. I will probably move off gox in the near future to smaller exchanges that can handle their volume. Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: Bit_Happy on March 07, 2013, 12:32:55 AM MtGox still cannot handle moderate to high volume without freezing, crashing, stalling, etc.
I cannot even cancel orders without a loooooooooooooooooong delay, LOL? Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: dave111223 on March 07, 2013, 12:38:38 AM Why not just set your own buy/sell price on orders, then you don't run the risk of selling at an uncertain market price....unless you are yourself a panic seller trying to unload your bitcoins for whatever anyone will give you...in which case you get what you get.
Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: crazy_rabbit on March 07, 2013, 12:40:58 AM Why not just set your own buy/sell price on orders, then you don't run the risk of selling at an uncertain market price....unless you are yourself a panic seller trying to unload your bitcoins for whatever anyone will give you...in which case you get what you get. because sometimes the market price leaves what you expected and you want to place/cancel an order. Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: imanikin on March 07, 2013, 01:14:21 AM Why not just set your own buy/sell price on orders, then you don't run the risk of selling at an uncertain market price....unless you are yourself a panic seller trying to unload your bitcoins for whatever anyone will give you...in which case you get what you get. because sometimes the market price leaves what you expected and you want to place/cancel an order. So many other great exchanges now. If you insist on having the usual Wall-Street style centralization, enjoy the periodic pump-and-dump fleecing at MtGox, and the consequent Bitcoin/USD instability in general! :D Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: skilo on March 07, 2013, 01:49:50 AM It would almost be funny if their incompetence wasn't costing people money.
Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: gweedo on March 07, 2013, 01:51:07 AM I know this was insane, almost lost a huge profit that I made from selling at 48 and buying back at 37, when I could have really brought at 35 if the lag was better. My trading bot turn it self off the lag was too big.
Title: Re: MtGox should halt trading when Order Lag time is this long. Post by: MPOE-PR on March 07, 2013, 07:23:34 PM Last check it was a 15 minute lag time for orders to be processed. At this point I think Mt.Gox should halt trading, it dangerous to the system if you can't process orders in a reasonable time frame, and nor can users cancel their orders, you're just getting a dam behind which is a ever increasing number of panicing sellers/buyers who have no accurate information and yet every decision they make only exacerbates the problem. This is actually a good point. Choppy market is one thing but at some point trades were being reported out of order on a half hour span. The other consideration is that halting trading causes panic. A damned if you do, damned if you don't scenario. |