Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: niko on November 28, 2011, 12:43:04 AM



Title: glitches in market data
Post by: niko on November 28, 2011, 12:43:04 AM
what happened here?
http://img193.imageshack.us/img193/4925/captureej.png


Title: Re: glitches in market data
Post by: Dan The Man on November 28, 2011, 12:53:15 AM
glitch in the matrix. not the first time it has happened and won't be the last.


Title: Re: glitches in market data
Post by: niko on November 28, 2011, 01:25:21 AM
glitch in the matrix. not the first time it has happened and won't be the last.

How do I tell a glitch from legitimate data?  This one is obvious, but how do I know there aren't less obvious glitches? How do I know that the whole MtGox price is not a glitch?  As much as I generally appreciate the service MtGox has been offering, problems like this one make me wish for a third-party audit.




Title: Re: glitches in market data
Post by: sadpandatech on November 28, 2011, 02:17:53 AM
glitch in the matrix. not the first time it has happened and won't be the last.

How do I tell a glitch from legitimate data?  This one is obvious, but how do I know there aren't less obvious glitches? How do I know that the whole MtGox price is not a glitch?  As much as I generally appreciate the service MtGox has been offering, problems like this one make me wish for a third-party audit.


  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.


Title: Re: glitches in market data
Post by: niko on November 28, 2011, 04:59:42 PM
  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.

You are missing my point here. That chart IS (was) generated based on the API data. It is reasonable to assume that the glitch was in the data, not in the chart. It wouldn't be the first time.


Title: Re: glitches in market data
Post by: Herodes on November 28, 2011, 10:25:04 PM
mtGox.com needs a third party audit.

Glitches are pretty common, I've seen it many times the last months.


Title: Re: glitches in market data
Post by: Clark on November 28, 2011, 11:00:43 PM
  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.

Agreed. Here is a shameless plug for such an orderbook: bitcoin.clarkmoody.com (http://bitcoin.clarkmoody.com)


Title: Re: glitches in market data
Post by: phorensic on November 29, 2011, 02:22:51 AM
glitch in the matrix. not the first time it has happened and won't be the last.

How do I tell a glitch from legitimate data?  This one is obvious, but how do I know there aren't less obvious glitches? How do I know that the whole MtGox price is not a glitch?  As much as I generally appreciate the service MtGox has been offering, problems like this one make me wish for a third-party audit.


  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.
I used it all the time to make major trading decisions.  It is the best way for me to see the depth chart visually.  I can see the walls and position my buys/sells in front of them so that when the price really starts to swing I can catch the swing instead of being on the other side of the wall and miss out entirely.


Title: Re: glitches in market data
Post by: tritium on November 29, 2011, 03:00:40 AM
you should see it try and cope with the current trading, it just doesn't know what to do and needs refreshing