Bitcoin Forum

Economy => Speculation => Topic started by: lemonginger on April 10, 2013, 08:27:35 PM



Title: How much did lag cost you?
Post by: lemonginger on April 10, 2013, 08:27:35 PM
I can't believe Gox still has no stop loss orders to at least be protected that way. I put in a market sell order for all my coins around $230. By the time Gox processed it coins were at $150 :(



Title: Re: How much did lag cost you?
Post by: wblabla4 on April 10, 2013, 08:39:40 PM
My coins went from 0.059BTC to a whopping 0.089BTC. I sold at 230 and bought at 130. So you could say that I made a lot for a noob like me.


Title: Re: How much did lag cost you?
Post by: chriswen on April 10, 2013, 08:54:55 PM
You mean market limit?


Title: Re: How much did lag cost you?
Post by: TheJuice on April 10, 2013, 09:01:22 PM
I can't believe Gox still has no stop loss orders to at least be protected that way. I put in a market sell order for all my coins around $230. By the time Gox processed it coins were at $150 :(



You just gave your money away. The grand manipulator is awesome. 3k coins to 200 and 7k to ATH.  :)


Title: Re: How much did lag cost you?
Post by: axus on April 10, 2013, 09:07:58 PM
I always use fixed price buy and sell on Mt.Gox.  Never had any problems.  I didn't know "market price" trades had so much risk, now I do.


Title: Re: How much did lag cost you?
Post by: bitcon on April 10, 2013, 09:11:22 PM
I can't believe Gox still has no stop loss orders to at least be protected that way. I put in a market sell order for all my coins around $230. By the time Gox processed it coins were at $150 :(




lag didnt cost me anything this time because i learned the first time to have a low bid order set a couple days ago. so i wake up today with cheap coins.


Title: Re: How much did lag cost you?
Post by: glub0x on April 10, 2013, 09:24:43 PM
it made me 500euro (i think it s gonna go up so i'll sell later and try to improve this). If i add the last 3 DDOS attack i'm up to 1000e.
not so bad.


Title: Re: How much did lag cost you?
Post by: evolve on April 10, 2013, 09:26:49 PM
Nothing. I set a low buy order last night that got filled today. Will be taking profits very soon.


Title: Re: How much did lag cost you?
Post by: ManBearPig on April 10, 2013, 09:29:18 PM
I can't believe Gox still has no stop loss orders to at least be protected that way. I put in a market sell order for all my coins around $230. By the time Gox processed it coins were at $150 :(

Stop losses get triggered and then become market orders.

Now that would have been DISASTROUS.

A limit order would be useful though.


Title: Re: How much did lag cost you?
Post by: NamelessOne on April 10, 2013, 09:31:11 PM
It only cost me sanity. I gained more BTC out of this. A lot more.  ;D


Title: Re: How much did lag cost you?
Post by: Elwar on April 10, 2013, 09:49:53 PM
Let me check my wallet...

yep, same amount there

lag did not cost me anything


Title: Re: How much did lag cost you?
Post by: Herodes on April 10, 2013, 10:00:51 PM
My coins went from 0.059BTC to a whopping 0.089BTC. I sold at 230 and bought at 130. So you could say that I made a lot for a noob like me.

Awesome. Congratulations!


Title: Re: How much did lag cost you?
Post by: seleme on April 10, 2013, 10:54:59 PM
Hopefully nothing. I refused to move my BTC to fiat but did not want to lose lot of their value so I moved all of them to PPC. I strongly believe that PPC price is low enough to rise enough to save most if not all or even more BTC to fiat value for me if BTC crashes more heavily.


Title: Re: How much did lag cost you?
Post by: Melbustus on April 10, 2013, 11:24:48 PM
Nothing? I don't understand the question. Not selling.


Title: Re: How much did lag cost you?
Post by: bombartier357 on April 10, 2013, 11:26:09 PM
My bot had auto cancel order after 5 minutes has past.  I have multiple that execute at 7 different times.  They all got frozen due to lag.  I could not sell my bitcoin manually either, because the orders were canceled before they could be executed.  I was at work and unable to get to my server.  Lost $2300 out of $5000.

Ouch!


Title: Re: How much did lag cost you?
Post by: dakiller on April 10, 2013, 11:33:30 PM
I went to bed at $260 and woke up and it had mostly finished happening. Australian timezone... :-\

Back to where I was a week ago with the same coins.


Title: Re: How much did lag cost you?
Post by: Luis_GT on April 10, 2013, 11:34:59 PM
could have been up 3 grand... now I'm only up 2...  :'(


Title: Re: How much did lag cost you?
Post by: zby on April 11, 2013, 05:16:22 AM
I profited from it - it was pretty predictable how people react.  I only wish I was more aggressive in my speculation.


Title: Re: How much did lag cost you?
Post by: PachucoBro on April 11, 2013, 05:21:38 AM
It cost me about $900 in profits for 10 days...

Here's my story, a Play by Play: https://bitcointalk.org/index.php?topic=173025.msg1800581#msg1800581


Title: Re: How much did lag cost you?
Post by: mgio on April 11, 2013, 05:34:36 AM
Bought 10 coins at $238 thinking I was getting them "cheap", then another 40 coins at 126 during the second dip.

Since I had sold 50 coins yesterday at 199, I have the exact same number of coins now, but I have an extra 1k in cash so I am slightly better off presently at 175 if I had not bought any.

At worst point I had lost 100k today from the high at 265. Presently I'm down 65k or so from the high, but I prefer to think of it as up 125k from my 10k investment.


Title: Re: How much did lag cost you?
Post by: pretendo on April 11, 2013, 05:35:18 AM
costed me switching away from mtgox


Title: Re: How much did lag cost you?
Post by: NikolaTesla on April 11, 2013, 05:36:34 AM
I can't believe Gox still has no stop loss orders to at least be protected that way. I put in a market sell order for all my coins around $230. By the time Gox processed it coins were at $150 :(


You can always buy on Gox, and send them to Coinbase to host there. Then if you need to panic sell just sell at CB and it executes immediately.


Title: Re: How much did lag cost you?
Post by: Missionary on April 11, 2013, 05:41:48 AM
I don't trade when the lag is that bad, so it did not "cost" me anything. Surely, the prices are lower now than when I bought my last batch of coins, but that will be all corrected in a few days time. Right now, I only wish for a more stable growth, not these "singularity" hype rises.

And sure, the bear in me was smiling and hoping for single digits since I have my biggest yet deposit on my way to Bitstamp. But the bull in me kept telling me to hold, since none of the fundamentals hade changed.


Title: Re: How much did lag cost you?
Post by: HappyBitCoinUser on April 11, 2013, 06:19:02 AM
Happened last week, and knew it was going to happen again.

So it didn't cost me, it profited me.  ;D


Title: Re: How much did lag cost you?
Post by: piramida on April 11, 2013, 06:46:07 AM
cost me +50 coins that I bought at <100 at bitstamp. thanks to whomever sold them to me.