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Title: The new Bitcoinica pricing algorithm works! Post by: zhoutong on December 31, 2011, 02:26:41 PM http://charts.bitcoinica.com/daily_quotes/getchart?date=2011-12-31
No insane prices. No unreasonable spikes. We delivered our promise! The spread is still large but acceptable. Glad to see some of you are making huge profits before New Year! Title: Re: The new Bitcoinica pricing algorithm works! Post by: caston on January 02, 2012, 12:56:58 PM OK so what does the new pricing algorithm do? Does it just mean that the spread is *less* ridiculous during or just after a spike or a dip so that winners can be winners?
Title: Re: The new Bitcoinica pricing algorithm works! Post by: zhoutong on January 02, 2012, 01:04:45 PM OK so what does the new pricing algorithm do? Does it just mean that the spread is *less* ridiculous during or just after a spike or a dip so that winners can be winners? It solves these problems: - No more insane prices during the spike. - Highest and lowest are not higher or lower by more than 1% compared to Mt. Gox prices. - No more negative spreads. Title: Re: The new Bitcoinica pricing algorithm works! Post by: caston on January 02, 2012, 01:47:23 PM OK I was looking at a pretty big spread by like 80cents or so but I guess that is because the buy and sell prices on mtgox are way off right now. We just had quite a drop.
Has the changes to your algorithm made it less able to keep the spread sane during dips? Perfect timing. http://i39.tinypic.com/a3hxxt.png Title: Re: The new Bitcoinica pricing algorithm works! Post by: zhoutong on January 02, 2012, 01:58:46 PM OK I was looking at a pretty big spread by like 80cents or so but I guess that is because the buy and sell prices on mtgox are way off right now. We just had quite a drop. Has the changes to your algorithm made it less able to keep the spread sane during dips? Perfect timing. Well, there's really no depth at the market. Who could buy at $4.8? Not Bitcoinica. Not anyone. Title: Re: The new Bitcoinica pricing algorithm works! Post by: Crypt_Current on January 02, 2012, 02:26:39 PM my ass! I can't increase my position for the life of me. Get some reserve already!!!
Title: Re: The new Bitcoinica pricing algorithm works! Post by: caston on January 02, 2012, 02:30:39 PM my ass! I can't increase my position for the life of me. Get some reserve already!!! You need to wait for some liquidations or until you are one. Title: Re: The new Bitcoinica pricing algorithm works! Post by: BadBear on January 02, 2012, 02:35:02 PM Just buy them if you're long. Sure margin is nice, but with all the volatility in the market and large amount of holders out there willing to sell rather than risk another drop to 2, I'd be wary.
Title: Re: The new Bitcoinica pricing algorithm works! Post by: caston on January 02, 2012, 02:38:23 PM Yeah call me a bear but we still haven't gone up past the September price meaning we could still be on a long term down trend. The bottom is more likely something between $1.50 and parity.
Title: Re: The new Bitcoinica pricing algorithm works! Post by: Crypt_Current on January 02, 2012, 02:43:57 PM Yeah call me a bear but we still haven't gone up past the September price meaning we could still be on a long term down trend. The bottom is more likely something between $1.50 and parity. The long term trend is up, that's my story and i'm sticking to it :-D Title: Re: The new Bitcoinica pricing algorithm works! Post by: zhoutong on January 02, 2012, 02:45:06 PM my ass! I can't increase my position for the life of me. Get some reserve already!!! Now you can. Some people got zhoutonged just now… Title: Re: The new Bitcoinica pricing algorithm works! Post by: caston on January 02, 2012, 02:45:43 PM The long term trend is up, that's my story and i'm sticking to it :-D It won't be able to go up much without short squeezes. Title: Re: The new Bitcoinica pricing algorithm works! Post by: caston on January 02, 2012, 02:46:46 PM Now you can. Some people got zhoutonged just now… classic even zhoutong uses the term zhoutonged Title: Re: The new Bitcoinica pricing algorithm works! Post by: Crypt_Current on January 02, 2012, 02:52:01 PM Now you can. Some people got zhoutonged just now… classic even zhoutong uses the term zhoutonged One person's zhoutonging is another's prolonging :-D Title: Re: The new Bitcoinica pricing algorithm works! Post by: Serge on January 02, 2012, 04:12:14 PM how does Bitcoinica make its money?
Title: Re: The new Bitcoinica pricing algorithm works! Post by: dree12 on January 02, 2012, 04:51:01 PM how does Bitcoinica make its money? Go read Bitcoinica: How it works (https://bitcointalk.org/index.php?topic=55970.0).Title: Re: The new Bitcoinica pricing algorithm works! Post by: cypherdoc on January 02, 2012, 05:39:10 PM Now you can. Some people got zhoutonged just now… classic even zhoutong uses the term zhoutonged it even rolls off his tong. Title: Re: The new Bitcoinica pricing algorithm works! Post by: gewure on February 13, 2012, 08:09:01 PM Now you can. Some people got zhoutonged just now… classic even zhoutong uses the term zhoutonged it even rolls off his tong. ..there is not much sense in fighting it anyway :) Title: Re: The new Bitcoinica pricing algorithm works! Post by: alan2here on February 13, 2012, 09:35:09 PM To varify I understand this.
Bitcoinica will now never exceed 1% more than Gox spreads? Title: Re: The new Bitcoinica pricing algorithm works! Post by: phorensic on February 14, 2012, 12:43:14 AM To varify I understand this. I don't think that's possible.Bitcoinica will now never exceed 1% more than Gox spreads? |
