Scary....maybe you are my long lost twin brother, or so...
I already send a PM to Seal and waiting for some reply with an email, so I can send him some code...
Part of my code is a TradeSite interface (just started), that I already implement for MtGox and BtcE. So you can loop over the sites, combine all trades, compare fees etc.
be sure to tell this thread (or me) when you have some shareable code. I'm interested  |
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I dont think my current host offers terminal sessions so ideally it'd run in a standard LAMP build environment.
... either that or I'll have to purchase some sort of virtual box.
oh, ok. hmm. I'm very content with one of these which I pay in BTC: http://www.cinfu.com/vps/ |
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goat, can you change thread topic(s) to match glbse name?
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if it's the same but, let me shed more light: http://bitcoin.stackexchange.com/questions/1032/what-happened-with-mtgox-on-2011-9-12kind of entertaining quote from above link: so there IS some underlying bug which was triggered that caused invalid order matching
<@MagicalTux> yes, but it requires a large amount of funds to be triggered
<@MagicalTux> normal users, unless millionaire, wouldn't trigger it
< upb> must be some kind of integer overflow ;-)
<@MagicalTux> it happens when an order executes way too many orders at once
<@MagicalTux> I'm adding some code to avoid this from happening, but nobody in their right mind would do that
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Oh wait, it's because an order did not get filled?
This is simpler than I'm making it out to be, right?
If you were to place a small buy order at Gox offering $10 for 1 BTC, you would expect to get matched with the cheapest currently unmatched sell order, and end up getting your 1 BTC for $5.14 or so. Occasionally, due to a persistent bug in Gox's code, it seems that buy orders are being accidentally matched with higher sell orders, not the cheapest ones. So you see spikes like in OP's chart. thanks for the hint, I remember that bug being an issue a long while back now. Doesn't sound that hard to fix, does it? |
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lol, that might've been a 0.406 BTC transaction, too, we don't know. Not necessarily a "trade" either. |
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They buy it privately people, if you actually see 18 k buy I would be amazed..
You figure they know someone who has 18k on hand who doesn't want to keep 18k on hand? I'm not saying no one will do a private 18k sale, but that sort of person will probably be passing that demand right back into markets you can see. there should be quite a few people owning >= 18 kBTC. in 2010 there where probably no more than 1000 people mining. let 20% (1000 * 0.2 = 200) of them have mined 80% of the coins (5 mio * 0.8 = 4 mio), then there's 200 people owning on average 20 kBTC. Do that pareto-trick again and you have 40 people owning 80 kBTC each, 8 people with 256 kBTC and 1 or 2 with over a million. I know that's very rough guesstimating here, but it gives you an idea: Bitcoins are not evenly distributed and some people might even shell out 18k for some fiat without subsequently re-buying it on the market... they might even be waiting for a buyer like that because they might need fiat and don't want to hurt the exchange rate. |
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What I'm concerned with is the market depth, because how much money I get for my bitcoins or how many bitcoins I get for my money is more closely related to the market depth than it is to the fancy ticker number.
Okey dokey, captain high-pockets   Point taken, that was a douchey thing of me to say. At least we know what ball-park you play in now |
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Load "$",8,1
you definitely belong here |
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Have you noticed that prices have spiked a couple of times above 5.20$ but without the needed volume to actually allow for that ?
it seems that there is something strange going on on mtgox .
I wonder if there is some price fixing / fooling going on on purpose. This could be even related to bitcoinica.
Does anyone know if bitcoinica is currently still trading on mtgox and is this outside of the normal order book.
I was not aware that there are still dark orders posible.
Some sh.t is up at gox, yes, but I wouldn't panic. An order of mine at 5.168 wasn't filled when it spiked to 5.18. I was told in #mtgox that trades had been cancelled (compare bitcoincharts.com to charts on mtgox.com itself to see difference) I'm not suspecting it to be bitcoinica-related in any way. Afaik there is no dark pool no more on gox. How did you come up with this theory of bitcoinica trading outside the orderbook? Bitcoinica bot has surely stopped trading anyhow. |
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This analogy is far-fetched though since you are comparing AAPLes and oranges carrots. Assuming a stock will act like Bitcoin is questionable.
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cool, this also answers the question for a greek client (last post: multibit greek) |
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while Bitcoin doesn't have a deposit market what it does have is the potential to have price appreciation. a significant potential. which is all it needs for them to eventually come to papa. the reason big institutions haven't entered Bitcoin yet is they want to keep their bailout game going for as long as possible. if and when they sense that game is finished then they will come storming into a currency which has a fixed supply like Bitcoin. Bitcoin not only has the potential for some of that $4-7 T currency market to come storming in but also fiat from the gold/silver markets which i think have topped.
Bitcoin does not even qualify as a sideshow in the global economy show. At best it is an informal crap game out in the parking lot. I would say that Bitcoin has a 'potentially significant' upside (which differs notably from 'significant potential' for a meaningful upside) if it even manages to sneak a peek over the fence. Were that to happen I don't have much doubt that the security personnel would show up quite quickly and beat the shit out of us transgressors. to be honest: I personally don't give a damn when/if institutional investors will "come to papa". I'm content when/if Bitcoin will be the "transgressive currency" for all kinds of black (and other free) markets. I'll just do my business out in the parking lot where the sun is shining, security personell watching enviously while burning fiat currency to keep warm inside their rotten complex.
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Perfect. We are thinking exactly in the same lines.  I started to write the Java app in a way, that I could run in client or server mode. In client mode, a GUI comes up. In server mode, there's no GUI, so it could be started in an init.d script. Drop me a PM, if you want to discuss more details. In case you're talking to me: maybe better talk to Seal, I was merely giving ideas to Seal and have currently nothing of the sort planned (except maybe (but unlikely (unless someone coughs up coins)) at some point trading/bot infrastructure and exchange abstraction layer in java) |
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2weiX, danke erstmal für deine genaueren Ausführungen. Ein paar kommentare: Meine Finanzfuzzies prüfen, ob sich Bitcoin als Währung oder als Digitales Gut erkären lässt.
!!! Da haben die ja was vor! Bin gespannt! Vielleicht wirst du zum "Präzendenzfall" für die Finanzämter Kunde bestellt 1kg Silber für X BTC
Ich rechne X *mtgox_low / EURUSD = 1050,69€ und buche das dann so ein.
Was ich mit den BTC mache, habe ich bislang nicht mit eingerechnet.
Wenn ich sie also halte und mit 10% Kursgewinn verkaufe, fällt das im Moment nicht an. Ahem.
Als BTC nehme ich den low des Tages (könnte auch das VWAP sein, aber das Low rechnet sich besser, ^^)
Die Summe aller Einbuchungen sind meine EINGÄNGE.
Die Summe aller Kosten (also Rohstoffe, Restocks, Porto....) sind meine AUSGÄNGE.
Die Differenz wird besteuert.
Also nochmal zum mitlesen: du kriegst BTC, rechnest in EUR um und buchst diesen dann als EINNHAME (zunächst ohne EUR-Eingang auf deinem Konto) Somit Einkommensversteuerst du ja diese Einnahme bereits. Pass nur auf, dass du beim Veräussern der BTC (evtl. Jahre später) nicht nochmal Steuern zahlst, die sind schliesslich schon Einkommensversteuert! Oder seh ich da was falsch? Ich würd das ja evtl. anders machen: die BTC die du einnimmst würde ich als "Tauschgegenstand" akzeptieren und in's Warenlager legen. Erst bei Veräusserung würden diese zu einer Einnahme und müssten versteuert werden. So könntest du den Gewinn in BTC behalten und immer schön 0-Gewinn fahren, also keine Steuern zahlen. Wie ich nächstes Jahr besteuere, daran arbeiten wir gerade :-D
Ich bin gespannt. Halt uns bitte auf jeden Fall auf dem laufenden. |
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What I'm concerned with is the market depth, because how much money I get for my bitcoins or how many bitcoins I get for my money is more closely related to the market depth than it is to the fancy ticker number.
Okey dokey, captain high-pockets lol, was planning to say: "ooouuuh, you big shot, you!", but then I saw your reply, which is arguably better EDIT: actually, shouldn't it be "high-roller" or "deep-pockets" ? EDIT2: tbh: if you're doing it right (selling/buying rather slowly), the market depth will not tell you much, either. |
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what the?!? people sold for 0.08? why not wait for goat to buy back?
because i did not want to read a hole thread just for 15 shares? ok, I can understand that. Am just pissed I wasn't the buyer Ah, those were the times when one could place as many bids as one liked on GLBSE without actually having the funds for having them all filled |
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Yes, this product was changed many due to demand. I try to give people what they want.
I do not find serious that you change the contract of a bond after you started to sell it, like I do not find serious that you unilaterally lower more and more your bond interest rate. Currently I am not finding greater suckers available to buy my Tygrr-Bank bonds on sale at 0.1039. Goat said he'd buy them back for 0.1 which is totally fair and I assume he will do that, so you can get out "unharmed". In case you bought overpriced, you were speculating on interest rates remaining high, which goat did NOT promise at all (in fact goat stated very early he would adjust rates down based on demand), or you were speculating on finding a greater fool to buy from you at higher price and/or later time. Both speculations have turned out bad. I do not find serious that you act like you have been betrayed, because you have not. (I hope I didn't misinterpret your post) |
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