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Title: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: zhoutong on January 15, 2012, 05:33:27 AM Mt. Gox volume: 141,034.92 BTC
Bitcoinica hedging volume: 117,516.83 BTC So that's 83% for the last 24 hours. Bitcoinica has a no-buying redflag again. So obviously people were trying to buy on Bitcoinica and pushed the price up. (This is pure fact, no opinions on future market movement.) I'm just wondering, where are the Mt. Gox traders? Note: There's always the other side of trading, but we can ignore it at the moment, because without Bitcoinica's trades, the 83% at the other side wouldn't have been triggered as well. Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: legitnick on January 15, 2012, 05:34:28 AM Dead =D
Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: old_engineer on January 15, 2012, 05:56:15 AM That would explain why there seem to be so many bitcoinica buys and sells. I'm getting good at noticing and catching bitcoinica squeezes at the maximum possible spread.
I trade MtGox: Quote Buy and Sell the internet commodity known as Bitcoins! Mt Gox charges a small fee (0.28 %) for each trade. Your trading volume for the past 30 days is 51,616.02744263 BTC. If it reaches 100,000.00000000 BTC, your trading fee will be 0.27%. Looks like I'm only about 2% of MtGox in the past month, having fallen a bit since things heated up 2 months ago. Running out of reserves on bitcoinica can really fuck with someone's trading strategy. Do you provide any warning before cutting off traders? Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: old_engineer on January 15, 2012, 06:05:49 AM no spreads effect Right, I had forgotten about that. Zhou runs a one-day-only special and acts surprised that the volume increased on that day. I suppose I'm surprised it's over 50%, too, but if you ever wanted to close out a position or start a new one, then today was the day. Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: zhoutong on January 15, 2012, 06:21:36 AM no spreads effect Right, I had forgotten about that. Zhou runs a one-day-only special and acts surprised that the volume increased on that day. I suppose I'm surprised it's over 50%, too, but if you ever wanted to close out a position or start a new one, then today was the day. Perhaps because Bitcoinica is running on Debian Squeeze. Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: notme on January 15, 2012, 06:23:07 AM Perhaps because Bitcoinica is running on Debian Squeeze. ;D Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: bittenbob on January 15, 2012, 08:10:36 AM no spreads effect Right, I had forgotten about that. Zhou runs a one-day-only special and acts surprised that the volume increased on that day. I suppose I'm surprised it's over 50%, too, but if you ever wanted to close out a position or start a new one, then today was the day. +1 Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: damnek on January 15, 2012, 08:45:19 AM Bitcoinica should start its own independent service and provide some real competition to Mt. Gox.
Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: notme on January 15, 2012, 08:52:11 AM Bitcoinica should start its own independent service and provide some real competition to Mt. Gox. It does independent order matching. Only some of the trades you do on Bitcoinica hit MtGox since many can be matched to an opposing position someone else has taken. For this reason when he dropped his internal fees I saw a spread less than a bitcent. That's better than MtGox with the 0.25% fee tier. Bitcoinica is serious competition, and the best thing they could do to improve their situations would be to hedge on more exchanges. With arbitrage opportunities included he might be able to have tiny spreads. Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: gewure on January 16, 2012, 06:21:14 AM Bitcoinica should start its own independent service and provide some real competition to Mt. Gox. It does independent order matching. Only some of the trades you do on Bitcoinica hit MtGox since many can be matched to an opposing position someone else has taken. For this reason when he dropped his internal fees I saw a spread less than a bitcent. That's better than MtGox with the 0.25% fee tier. Bitcoinica is serious competition, and the best thing they could do to improve their situations would be to hedge on more exchanges. With arbitrage opportunities included he might be able to have tiny spreads. oh ya, i like that Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: yogi on January 16, 2012, 06:30:36 AM Bitcoinica should start its own independent service and provide some real competition to Mt. Gox. +1 Title: Re: 83% of Mt. Gox trades were from Bitcoinica (in last 24 hours) Post by: jothan on January 16, 2012, 11:28:29 PM I'm using bitcoinica almost exclusively. I made $ 400 USD in the last week due to leverage and good timing. I really appreciate the service.
Btw, zhoutong, I just noticed that you put your average fee on the front page, it is below 1 %. Sorry about asking you to lower it in a previous thread. Anyway, keep up the great work ! |