Bitcoin Forum
October 31, 2024, 11:59:33 PM *
News: Bitcoin Pumpkin Carving Contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: what the heck triggered that spike?  (Read 6119 times)
genuise
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile WWW
November 22, 2012, 07:59:56 PM
 #21

It's my service bitcoin-analytics.com.
and yes I had reprted those volume descripancies to clark before.

We on bitcoin-analytics.com get trading data from bitcoincharts.com and clark uses mtgox streamAPI so this possibly is the cause of differences. In general the difference is that clark's service shows double volume than ours at spikes. And at spikes it is clearly visible. But I guess it is not big deal cause it seams nobody really cares... Althought I think this is very important.

legitnick
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500



View Profile WWW
November 22, 2012, 08:18:04 PM
 #22

Dem rockets  Grin

5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
Spekulatius
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000



View Profile
November 22, 2012, 08:47:43 PM
 #23

It's my service bitcoin-analytics.com.
and yes I had reprted those volume descripancies to clark before.

We on bitcoin-analytics.com get trading data from bitcoincharts.com and clark uses mtgox streamAPI so this possibly is the cause of differences. In general the difference is that clark's service shows double volume than ours at spikes. And at spikes it is clearly visible. But I guess it is not big deal cause it seams nobody really cares... Althought I think this is very important.

Who is right then?
genuise
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile WWW
November 22, 2012, 09:04:37 PM
Last edit: November 22, 2012, 09:25:06 PM by genuise
 #24




Although we are working on implementing mtgox streamAPI interface, we currently plan to release only orderbook volume based on full orderbook state.

From this experience I must admit that it is not as easy as one could think. To make it stable and robust. And in case of trade stream this task needs to be made much more carefull because of tricky filtering of only those trades which are relevant to the chart as the same trade can appear twice in cases when trade involves automatic currency conversions (based on mtgox stream api docs).
And we yet did not feel like touching this area yet, thus relying on bitcoincharts  trade stream which is universal for all exchanges. And support for multiple exchanges is our priority.

Nevertheless we really apriciate Clark's work which is an excelent example of design and usability for us.

molecular
Donator
Legendary
*
Offline Offline

Activity: 2772
Merit: 1019



View Profile
November 22, 2012, 10:35:12 PM
 #25

wrong - no more than 15K... check the data

i think he took 2 days and 12 hours time period.

so youre both right.

how do you guys figure it was just one buyer? That makes no sense whatsoever.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
DoomDumas
Legendary
*
Offline Offline

Activity: 1002
Merit: 1000


Bitcoin


View Profile
November 23, 2012, 03:22:38 AM
 #26

few guess..

- second wave from cash transfert after WP news
- BitInstant article that Challenge Wiki
- a big intelligent investor
- start of a more volatile market due to the halving (I would not bet on it, neighter on a significant increase in volatility or price swing due to halving)

imo, halving may have an effect on the long term, due to less pressure downward from miner having less coin to sell..

genuise
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile WWW
November 23, 2012, 05:03:57 AM
Last edit: November 23, 2012, 08:21:22 AM by genuise
 #27

wrong - no more than 15K... check the data

i think he took 2 days and 12 hours time period.

so youre both right.

how do you guys figure it was just one buyer? That makes no sense whatsoever.


Actually there is no way to tell it except when big trade is performed in 15 seconds interval or in several consequtive intervals. In latter case it is also a guess... Also there are very often trades rounded by 0,5K or 1K BTC. When this happens and you see big trade of 3.5K for example, you can be sure that is was one person order than several which coincided into 3.5K

420
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
November 23, 2012, 08:23:34 AM
 #28

and there it was, boom!

what happened?

Someone bought ~36K BTC. In one big bite. (More than 420000 USD worth.)




did you say....420?

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
SlaveInDebt
Hero Member
*****
Offline Offline

Activity: 699
Merit: 500


Your Minion


View Profile
November 23, 2012, 09:44:56 AM
 #29

and there it was, boom!

what happened?

Someone bought ~36K BTC. In one big bite. (More than 420000 USD worth.)




did you say....420?

I envy you who aren't dealing with 3 strike laws. In the mean time more moonshine and designers. Which if you haven't figured out yet is why some of, well most of my post are garbage junky slur.
Legalize soon for humanity!

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
elux
Legendary
*
Offline Offline

Activity: 1458
Merit: 1006



View Profile
November 23, 2012, 08:31:58 PM
Last edit: November 23, 2012, 08:46:31 PM by elux
 #30

[...]and yes I had reprted those volume descripancies to clark before.
[...]In general the difference is that clark's service shows double volume than ours at spikes. And at spikes it is clearly visible.
But I guess it is not big deal cause it seams nobody really cares... Althought I think this is very important.

Thanks. I had no idea. That does sound pretty bad.  

If true, it seems very likely that this behavior has, and will continue to,
wrongly influence people's investment decisions in the aftermath of major movements.

(And perhaps lead to bigger swings when swings first happen.)

I mean, imagine if the kitco had an intermittent and erroneous 2x volatility multiplier. Scandal.

Questions:

(1) How do you know it is not the other way around? (I have to ask.)
(2) Is bitcoin.clarkmoody.com the only service affected? In particular: Is btccharts.com reliable?

Bug report posted to clark.
genuise
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile WWW
November 24, 2012, 05:44:23 PM
 #31

[...]and yes I had reprted those volume descripancies to clark before.
[...]In general the difference is that clark's service shows double volume than ours at spikes. And at spikes it is clearly visible.
But I guess it is not big deal cause it seams nobody really cares... Althought I think this is very important.

Thanks. I had no idea. That does sound pretty bad.  

If true, it seems very likely that this behavior has, and will continue to,
wrongly influence people's investment decisions in the aftermath of major movements.

(And perhaps lead to bigger swings when swings first happen.)

I mean, imagine if the kitco had an intermittent and erroneous 2x volatility multiplier. Scandal.

Questions:

(1) How do you know it is not the other way around? (I have to ask.)
(2) Is bitcoin.clarkmoody.com the only service affected? In particular: Is btccharts.com reliable?

Bug report posted to clark.


Hi, as I showed in clark's thread

and as also acknowledged one post after the error definitly is not on our side.

as for the btccharts I do not have any data yet.
Maybe someone who has can say something?

smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1474


LEALANA Bitcoin Grim Reaper


View Profile
November 24, 2012, 11:50:16 PM
 #32

TRIGGER: Bitcoin Viagra!  Cheesy

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
legitnick
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500



View Profile WWW
November 25, 2012, 12:02:39 AM
 #33














5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1474


LEALANA Bitcoin Grim Reaper


View Profile
November 25, 2012, 12:03:35 AM
 #34















ROFL!

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
legitnick
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500



View Profile WWW
November 25, 2012, 12:10:35 AM
 #35


 Grin Grin Grin Grin

5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
420
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
November 26, 2012, 01:16:16 AM
 #36

what a waste of scroll

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
Richy_T
Legendary
*
Offline Offline

Activity: 2604
Merit: 2296


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
November 26, 2012, 04:41:37 PM
 #37

\....\The reason for price to rise is buyers out number sellers. \....\
THIS!

Not necessarily.

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
imanikin
Hero Member
*****
Offline Offline

Activity: 702
Merit: 503



View Profile
November 26, 2012, 10:40:06 PM
 #38

i think it's just the latest pump and dump.
...and that just now is how you do your classic MtG pump and dump for dollars, which we have seen on MtG from the earliest days.  Cheesy

The B exchanges are a joke, because they all still follow MtG and its pumpNdump teams up and down. Pathetic!  Cheesy

Grinder
Legendary
*
Offline Offline

Activity: 1284
Merit: 1001


View Profile
November 26, 2012, 10:51:30 PM
 #39

The B exchanges are a joke, because they all still follow MtG and its pumpNdump teams up and down. Pathetic!  Cheesy
Any price difference leads to arbitrage, which traders will quickly take advantage of and close the price gap.
imanikin
Hero Member
*****
Offline Offline

Activity: 702
Merit: 503



View Profile
November 27, 2012, 12:31:48 AM
 #40

Any price difference leads to arbitrage, which traders will quickly take advantage of and close the price gap.
Smiley Depends on what "quickly" means to you. We've been waiting for arbitrage since other exchanges started to appear, which is what - more than a year now? Instead, they all simply follow MtG rates worldwide like a bunch of zombies.  Roll Eyes

To me, simply confirms and reconfirms that the B xchange rate to any currency has little to no foundation in real supply and demand. Rather, it is still set by MtG pump & dump artists, and perhaps even MtG trading against itself. When all the other xchanges worldwide simply follow that, there is no way to tell what's really happening...

I think it's one of the main reasons B is still considered a ponzi scam in the mainstream, and something not to take seriously.  Cheesy

Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!