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Title: MtGox will change their trading rules today, right? Post by: Missionary on April 17, 2013, 09:39:50 AM If I remember correctly, MtGox is going to do some minor changes today.
https://mtgox.com/press_release_20130409.html (https://mtgox.com/press_release_20130409.html) Quote TOKYO - JAPAN - April 09, 2013 Orders will only be accepted when there are enough funds available in your wallet! Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface. Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list. Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value. While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance. Regards Mt.Gox Co. Ltd Team. What are your thoughts about this and how it will (?) effect the price and the swings? Is this the end of Gox-lag? Is this change already in effect? Title: Re: MtGox will change their trading rules today, right? Post by: b!z on April 17, 2013, 09:47:00 AM The idea is that it should reduce lag, although we have no idea how well it will work in practice.
Title: Re: MtGox will change their trading rules today, right? Post by: Le Happy Merchant on April 17, 2013, 09:48:50 AM I believe this will have a strongly positive impact on confidence and the overall Bitcoin ecosystem. I can't say what it will do to the price, but my guess is more stability.
Title: Re: MtGox will change their trading rules today, right? Post by: xorglub on April 17, 2013, 09:53:01 AM It is supposed to help with lag, as the trading engine won't have to check if an order is funded.
Although lag is pretty much gone since the last 3 days, so I don't know what to make of it. Title: Re: MtGox will change their trading rules today, right? Post by: Newscastix on April 17, 2013, 09:54:21 AM If I remember correctly, MtGox is going to do some minor changes today. https://mtgox.com/press_release_20130409.html (https://mtgox.com/press_release_20130409.html) What are your thoughts about this and how it will (?) effect the price and the swings? Is this the end of Gox-lag? Is this change already in effect? +1 can anyone trading on Mt Gox verify this? Title: Re: MtGox will change their trading rules today, right? Post by: Dyaheon on April 17, 2013, 10:02:40 AM You can still place orders without funds. Just tried.
Title: Re: MtGox will change their trading rules today, right? Post by: ManBearPig on April 17, 2013, 10:05:39 AM Very welcome indeed of course.
Title: Re: MtGox will change their trading rules today, right? Post by: roy7 on April 17, 2013, 01:23:03 PM I don't like this change, since it can take a while for coins to make it into MtGox. I liked how I could do my transfer, go set my sell order, and go to bed. Once the coins finally were confirmed enough to show up, I didn't need to be there to place the sell order afterwards. Just my preference.
For performance they could move unfunded orders to a separate table and then check them for funding every minute or so and move them back to the live server once funded. Just give people a heads up "unfunded order may have an X minute delay before going live, once funded". Title: Re: MtGox will change their trading rules today, right? Post by: seleme on April 17, 2013, 01:24:36 PM not sure what they changed but they're on minute lag right now
Title: Re: MtGox will change their trading rules today, right? Post by: furezasan on April 17, 2013, 01:50:09 PM I kinda support it, but it was useful when trying to catch the price...
Title: Re: MtGox will change their trading rules today, right? Post by: OnlyGoodVibes on April 17, 2013, 03:08:49 PM wtf, youre telling me i could just put an order in to buy 10000 BTC at $100 to make it seem like there was a huge demand for BTC without having a single cent in my account? that is the most stupid thing ever, I can't believe this has only just been changed.
Title: Re: MtGox will change their trading rules today, right? Post by: Dyaheon on April 17, 2013, 03:10:07 PM wtf, youre telling me i could just put an order in to buy 10000 BTC at $100 to make it seem like there was a huge demand for BTC without having a single cent in my account? that is the most stupid thing ever, I can't believe this has only just been changed. Nope. It doesn't show on order book, just shows on your order list so it'll automatically get added when your funds arrive.Title: Re: MtGox will change their trading rules today, right? Post by: Missionary on April 17, 2013, 03:18:50 PM wtf, youre telling me i could just put an order in to buy 10000 BTC at $100 to make it seem like there was a huge demand for BTC without having a single cent in my account? that is the most stupid thing ever, I can't believe this has only just been changed. Nope. It doesn't show on order book, just shows on your order list so it'll automatically get added when your funds arrive.But still, I guess that the database must keep that unfilled order in mind, which would slow the system down. Title: Re: MtGox will change their trading rules today, right? Post by: Newscastix on April 17, 2013, 03:29:37 PM wtf, youre telling me i could just put an order in to buy 10000 BTC at $100 to make it seem like there was a huge demand for BTC without having a single cent in my account? that is the most stupid thing ever, I can't believe this has only just been changed. Nope. It doesn't show on order book, just shows on your order list so it'll automatically get added when your funds arrive.But still, I guess that the database must keep that unfilled order in mind, which would slow the system down. Yes, that's what they said. Otherwise there wouldn't be a need to change it. So far it doesn't seem to be in place. Title: Re: MtGox will change their trading rules today, right? Post by: TiagoTiago on April 17, 2013, 03:29:56 PM If this is implemented, people that want this behavior will have to setup a bot to keep polling on their balance and now not only will there be some processing required on Gox's side but it will also used up their bandwidth needlessly :(
Title: Re: MtGox will change their trading rules today, right? Post by: chiropteran on April 17, 2013, 04:08:46 PM Title: Re: MtGox will change their trading rules today, right? Post by: TiagoTiago on April 17, 2013, 04:09:58 PM Some people said that it isn't put in place yet, and it is already the 17th...
Title: Re: MtGox will change their trading rules today, right? Post by: EuroTrash on April 17, 2013, 05:00:31 PM nope, I can place unfunded orders just fine.
Title: Re: MtGox will change their trading rules today, right? Post by: Newscastix on April 18, 2013, 12:28:41 PM nope, I can place unfunded orders just fine. Any change today? Title: Re: MtGox will change their trading rules today, right? Post by: xorglub on April 18, 2013, 12:37:18 PM I'm getting lots of 502 bad gateway errors right now. Anyone else ?
Title: Re: MtGox will change their trading rules today, right? Post by: iBug on April 18, 2013, 12:40:04 PM https://twitter.com/MtGox/status/324863805714743298
"Dear Mt. Gox customers. We are currently experiencing a downtime and will update ASAP. Apologies for the delay." Title: Re: MtGox will change their trading rules today, right? Post by: squidface on April 18, 2013, 12:40:34 PM yeah.
When i did get in, it was also not showing my orders properly in the order list, although they were counted in the toolbar. So I couldn't change or cancel them. Freaked me out for a sec. These guys are such pros. Title: Re: MtGox will change their trading rules today, right? Post by: tosku on April 18, 2013, 12:43:03 PM I'm getting lots of 502 bad gateway errors right now. Anyone else ? Yes, me too.Title: Re: MtGox will change their trading rules today, right? Post by: Mushoz on April 18, 2013, 09:51:30 PM Has this been changed yet? Or is it still possible to place unfunded orders? Lag is much better than before, but I still think these levels of lag are unacceptable.
Title: Re: MtGox will change their trading rules today, right? Post by: Mike Christ on April 18, 2013, 09:52:21 PM Wasn't Gox supposed to ditch its western users at some point in time?
Title: Re: MtGox will change their trading rules today, right? Post by: TiagoTiago on April 18, 2013, 11:16:25 PM Wasn't Gox supposed to ditch its western users at some point in time? AFAIK they're only gonna be handing over their US users to their new partner, Coinlab...i could be wrong though...Title: Re: MtGox will change their trading rules today, right? Post by: roy7 on April 18, 2013, 11:23:50 PM Coinlab sounds great.
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