mot7 (OP)
Newbie
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Activity: 19
Merit: 0
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March 19, 2013, 03:35:10 PM |
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The last few trades on MtGox's website are infinite repeating digits. This is very atypical and to have this occur several times in a row, along with a price jump makes me suspicious.
Can anyone validate whats going on?
For example the volume indicator says the quantity of trades ends in .3333333 .6666666 etc.
How can "volume" include a fractional trade. A trade is a whole number no?
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niko
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March 19, 2013, 03:42:32 PM |
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The last few trades on MtGox's website are infinite repeating digits. This is very atypical and to have this occur several times in a row, along with a price jump makes me suspicious.
Can anyone validate whats going on?
For example the volume indicator says the quantity of trades ends in .3333333 .6666666 etc.
How can "volume" include a fractional trade. A trade is a whole number no?
You do realize what "M" in MtGox stands for, do you? |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1173
Away on an extended break
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March 19, 2013, 03:43:41 PM |
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The last few trades on MtGox's website are infinite repeating digits. This is very atypical and to have this occur several times in a row, along with a price jump makes me suspicious.
Can anyone validate whats going on?
For example the volume indicator says the quantity of trades ends in .3333333 .6666666 etc.
How can "volume" include a fractional trade. A trade is a whole number no?
Uh, you can buy or sell fractional amounts there. |
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Herodes
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March 19, 2013, 03:44:12 PM |
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The last few trades on MtGox's website are infinite repeating digits. This is very atypical and to have this occur several times in a row, along with a price jump makes me suspicious.
Can anyone validate whats going on?
For example the volume indicator says the quantity of trades ends in .3333333 .6666666 etc.
How can "volume" include a fractional trade. A trade is a whole number no?
There was the .7337 boot too not long ago - maybe someone just having a blast ? |
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runlinux
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March 19, 2013, 03:45:28 PM |
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Bots don't care how numbers look.  |
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mot7 (OP)
Newbie
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Activity: 19
Merit: 0
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March 19, 2013, 03:56:29 PM |
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Uh, you can buy or sell fractional amounts there.
John we're talking about two different things. "Volume" is the count of trades over a period of time. It should always be a whole number. Example: 3 trades for 0.5 BTC is a volume of 3. If "volume" is a non-fraction and an integer how can "volume" logically not be a whole number. |
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mot7 (OP)
Newbie
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Activity: 19
Merit: 0
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March 19, 2013, 03:59:38 PM |
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looks like it's fixed. The volume is now showing a whole number for the last n trades
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Bit_Happy
Legendary
Offline
Activity: 2058
Merit: 1030
A Great Time to Start Something!
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March 20, 2013, 12:47:54 AM |
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volume = Amount of BTC bought and sold.
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the joint
Legendary
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Activity: 1834
Merit: 1020
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March 20, 2013, 12:51:22 AM |
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Uh, you can buy or sell fractional amounts there.
John we're talking about two different things. "Volume" is the count of trades over a period of time. It should always be a whole number. Example: 3 trades for 0.5 BTC is a volume of 3. If "volume" is a non-fraction and an integer how can "volume" logically not be a whole number. 3 trades for 0.5 BTC is a volume of 1.5 BTC. |
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Surpbitcoin
Member
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Activity: 112
Merit: 10
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March 20, 2013, 12:55:11 AM |
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Uh, you can buy or sell fractional amounts there.
John we're talking about two different things. "Volume" is the count of trades over a period of time. It should always be a whole number. Example: 3 trades for 0.5 BTC is a volume of 3. If "volume" is a non-fraction and an integer how can "volume" logically not be a whole number. 3 trades for 0.5 BTC is a volume of 1.5 BTC. No, its 3! |
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Bit_Happy
Legendary
Offline
Activity: 2058
Merit: 1030
A Great Time to Start Something!
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March 20, 2013, 01:23:54 AM |
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MtGox Volume:103,424 BTC
Over 100,000 BTC not the number of transactions.
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DeathAndTaxes
Donator
Legendary
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Activity: 1218
Merit: 1053
Gerald Davis
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March 20, 2013, 01:29:04 AM |
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John we're talking about two different things. "Volume" is the count of trades over a period of time. It should always be a whole number. No it isn't. Think about how utterly worthless that would be as a metric. You trade 1 order of 100,000 BTC = 1 volume? I trade 100,000 orders of 1 satoshi each (0.001 BTC total) = 100,000 volume? What use would that be as a metric? VOLUME on any currency exchange is the amount of currency traded. MtGox measures the BTC volume (i.e. the total BTC traded in the prior 24 hours). |
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Dalkore
Legendary
Offline
Activity: 1330
Merit: 1022
Mining since 2010 & Hosting since 2012
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March 20, 2013, 02:47:02 AM |
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John we're talking about two different things. "Volume" is the count of trades over a period of time. It should always be a whole number. No it isn't. Think about how utterly worthless that would be as a metric. You trade 1 order of 100,000 BTC = 1 volume? I trade 100,000 orders of 1 satoshi each (0.001 BTC total) = 100,000 volume? What use would that be as a metric? VOLUME on any currency exchange is the amount of currency traded. MtGox measures the BTC volume (i.e. the total BTC traded in the prior 24 hours). +1 |
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Sage
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March 20, 2013, 03:51:36 AM |
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What you're see is short-term market manipulation.
The bot waits for low volume and the right bid/ask trade environment. Then trades back and forth with account it controls to push the market in a direction. Then buys on another site (such as 1broker), at a manipulated price. Then sells when the market corrects.
It also looks for opportunities to push stops with small orders, then sell once stops are triggered with large orders.
It's a scam.
The way to protect yourself is to watch actual Bitcoin volume trades and not just the price.
Someone needs to setup a trading platform with conditional rules so we can filter out these market manipulations.
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