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Author Topic: [new ppl should read]Goxxing: the art based on fail that create spikes  (Read 1350 times)
myself (OP)
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January 08, 2013, 12:40:07 AM
 #1

Mtgox decided to support multiple currencies under same order book, so instead of having one order book for USD, one for EUR, and another for every single currency they support, mtgox calculates the order book prices based on pair crosses against the USD and a certain percentage on top of that.

where you can see the order book of fail
http://mtgoxlive.com/orders?dark;currency=EUR
http://mtgoxlive.com/orders?dark;currency=CAD
http://mtgoxlive.com/orders?dark;currency=GBP
.............
or you can go to mtgox live and look on the help/option and select a currency

Q /so where is the art on this ?
A / a 400BTC buy on the EUR market can spike the USD market 12 cents upwards

Q /can there be also crash ?
A / yep is the other way around

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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kangasbros
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January 08, 2013, 08:47:47 AM
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Hmm I don't understand how this is fail? If there were no this conversion, there would be just more difference between different currencies, and then arbitrage guys would handle the the difference? Not it just more automatic & efficient.

myself (OP)
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January 08, 2013, 08:54:50 AM
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Hmm I don't understand how this is fail?
last night the price spiked to 13,72 but orders until 13,72 on USD order book just stay there, that sufficient fail for your standards ?

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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January 08, 2013, 10:33:47 AM
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I thought it was a well known fact that the "last price" indicator on their home page reports silly numbers. The solution for you: don't use the "last price" indicator!

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January 08, 2013, 10:42:19 AM
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I thought it was a well known fact that the "last price" indicator on their home page reports silly numbers. The solution for you: don't use the "last price" indicator!

It's not only the "last price" displayed on their home page. Look at the first spike > $13.70 on MtGox Live. That spike shouldn't be there. There were plenty of ask orders at 13.6x when that spike appeared.

http://mtgoxlive.com/orders
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January 08, 2013, 10:51:33 AM
 #6

Yes, this isn't simple improper display or reporting afaict, they've been matching incorrectly for years.

Mixing the books is fine if you do it correctly. Mixing them doesn't make 13.72 in USD lower than 13.71 in USD.

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