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When I ran my mining pool I put as much stats about the server as I could up for users to see. I also had Cacti monitoring every performance metric under the moon that I logged into from the background. It had no effect on how fast we could mine a block, but it showed how well the server was running and how much load was on it. This gives the end user an idea that work is being performed and that I, as the admin, was trying as hard as I could to improve server performance. These stats from Bitcoinica do not relate to price, they relate to showing how hard the server is working and how well zhoutong can design, tweak, and maintain performance.
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Whoah! 30% price difference to go from Dwolla's 4-day turnaround to "instant". No thank you. Good concept, though.
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That is still not easy enough to bring in new people who aren't computer savvy. We are in the age of single click install and launch on iOS/android devices. My mother can use Excel, e-mail for work, use bluetooth on her phone, but there is no way in hell she could install and use the Bitcoin client easily. Especially not on Ubuntu as you have described.
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Yes your "positions" are unified into one position. This is frustrating for me because I could swear when I was using Oanda I could have multiple positions, so I could see my stair step trades without have to look back at my order history.
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Looks like the manipualtor stopped using his 50K bidwall,. he is trying to push the market but using much smaller bid walls. I think after his last wall got sold into, he doesn't want to make his bidwall an easy place for early adapters to cash their coins out into.
I think we're seeing the healthy jagged lines of genuine multi-party buyer support at these price levels. this |
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If you short sell at 2.90, and the spread is 0.1 (very common), then the buy price is going to be ~3.00. Therefore you need to set a stop above that, such as 3.05.
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I was working my way up from 1 BTC trades to half my balance and then start using 2.5:1 leverage. I'm very conservative.
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"Everyone" knew what Bitcoins were, where?
I'm surprised at how many people I work with actually have heard of Bitcoins before. All of them seem to have read an article at some point, went "that's neat" and then immediately lost interest and never did anything with it.
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But considering I expected a peak today at $2.9, I'm annoyed I could only sell at $2.8 on Bitcoinica. I think you need to be gambling for the 50% weekly movements. You can't day trade on Bitcoinica.
I've day traded for months on Gox and it became my personal style that I really was good at. Trying to day trade at Bitcoinica is impossible. The spread is too large, the swings lag too much, and the algorithm he uses is made to do that. It forces you into this long period swing trader. My first 5 trades at Bitcoinica I lost big. Then I finally learned how to use it, but I could only make 1-2% positive trades here and there...but I could lose 15% in no time flat if I got impatient and liquidated in order to switch positions for the next reversal. I'm still using Bitcoinica, but it's like grinding teeth. I don't even use leverage! He really has to tighten up the spread by tweaking his algorithm. He keeps blaming it on volume, something to the effect of "If more people use Bitcoinica the spread will narrow". An yet he is #2 in volume already. Forex brokers advertise 10 pips spread...it's common to see 1,000 pip spreads on Bitcoinica. |
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You erased your hands? Do you have kaposi's sarcoma or what?
I'm guessing he doesn't want anyone to see what his skin color is. Or maybe he has really bad eczema like me  |
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Yes it is not AJAX enough to see what you are doing. You have to refresh and scroll around to see what is going on. And the information density is so low that you see the notification at the top that you have orders open, but you have to scroll a mile down just to see the first one.
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Here is how I did it on my old mining pool website with PHP and mySQL from TradeHill, which is *very* similar to how you would do it with MtGox, unless you want to use websocket/sockets.io for live AJAX stuff. $file = fopen("https://api.tradehill.com/APIv1/USD/Ticker", "rb");
$tradedata = fread($file, 8192);
fclose($file);
$jsonTradedata = json_decode($tradedata, true);
mysql_query("UPDATE `websiteSettings` SET `tradeHillWorth` = '".$jsonTradedata['ticker']['last']."'");
echo $jsonTradedata['ticker']['last'];This accessed a table in MySQL called websiteSettings in my main DB. You don't need a database, but it makes it easier to reduce load on your website because you can pool every N times, instead of every time the page loads. Then you run this somewhere in your PHP code before you want to call the variable: $tradeHillQ = mysql_query("SELECT `tradeHillWorth` FROM `websiteSettings`");
$tradeHillWorth = mysql_fetch_object($tradeHillQ);Then you run this when you want to insert the price in the output of the HTML page: <?php echo round($tradeHillWorth->tradeHillWorth, 2);?> The code above will round it to two decimal places. Again, this is very, very similar to how you would do it for any exchange. Just read their API documentation. |
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Nagle just called me and said that it will be -1.5 $ tomorrow.
When you post in non-blue font does that mean you are joking? jk |
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Yes, Qoh, you nailed it. When people get excited that the price is going up they start mining or resume mining. New people discovering bitcoin = fractionally more miners that don't want to buy or don't know any better. At first it looks like hash rate of the network doesn't mean anything related to price, but it's more intricately connected than that.
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I just noticed hash speed finally has an up-trend also. Weird.  Edit: I forgot it always does that right after a difficulty change until enough data is collected to smooth out the estimations. |
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I wasn't clear, sorry. When I said you have half of the guy with 50,000 BTC at 2.63, I meant do you have 25,000+ BTC in funds available to damp and stabilize? Whether they are active trades or just money sitting in the exchange ready to trade.
The reason I say that is because only a few days ago we saw tens of thousands of BTC thrown around that moved the price a lot. Sure, someone with a few hundred BTC, even leveraged, can damp the market a bit...but not when the 50k BTC wall comes into play. Then you become an ant.
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No offense taken. I was just agreeing with you. People can actually get along on forums! *gasp*
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comboy (in his typical honest way) says to use something else for a while until he gets around to fixing things. He does not suggest what, and I'll be damned if I can find anything which is 10% as useful  |
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