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News: Help collect the most notable posts made over the last 10 years.
 
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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (9%)
Early 2020 - 33 (21.3%)
Late 2020 - 46 (29.7%)
Early 2021 - 14 (9%)
Late 2021 - 25 (16.1%)
2022 - 4 (2.6%)
2023 - 0 (0%)
2024 - 4 (2.6%)
After 2024 - 3 (1.9%)
Never - 12 (7.7%)
Total Voters: 155

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21430027 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (129 posts by 23 users deleted.)
old_engineer
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May 22, 2013, 12:56:58 AM
 #10041


Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low.

Agreed, they're slower by orders of magnitude than they should be.  A friend of mine works for a company that designs & programs custom hardware used by these high speed traders.  Order are processed in 1-10 microseconds, not tens of milliseconds.  The kicker is that they're been slow for years, which is inexcusable.  And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp.  I hope the exchange spread lasts until funds arrive.
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May 22, 2013, 01:00:40 AM
 #10042

Cool.  When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

You can comment all you want.
Meanwhile, they are there and making money.

If things were this simple, they would have been out-competed years ago.
Or you have an incredible business opportunity.

So... when is your exchange launching?  Grin
ChartBuddy
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May 22, 2013, 01:02:52 AM
 #10043

TheKoziTwo
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May 22, 2013, 01:05:39 AM
 #10044

Cool.  When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?

You can comment all you want.
Meanwhile, they are there and making money.

If things were this simple, they would have been out-competed years ago.
Or you have an incredible business opportunity.

So... when is your exchange launching?  Grin
fitty
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May 22, 2013, 01:06:37 AM
 #10045


Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low.

Agreed, they're slower by orders of magnitude than they should be.  A friend of mine works for a company that designs & programs custom hardware used by these high speed traders.  Order are processed in 1-10 microseconds, not tens of milliseconds.  The kicker is that they're been slow for years, which is inexcusable.  And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp.  I hope the exchange spread lasts until funds arrive.


Thank you.

Plenty of single server databases can do 1000s of queries a second. They've made millions. WTF. Anyone who has done any works on databases, should realize there's a huge problem when the trading engine lags 1 minute, 5 minutes, 10 minutes? Huh?

To show how bad it is, here's a simple example of how you can lag the fuck out of MtGox.

Break MtGox Engine

The fact this works, shows how poorly the whole setup is designed. But wait, I don't own an exchange, I should just be quiet. Despite the fact it's PAINFULLY obvious Gox is a pile of shit. And NotMe should change his sig because he doesn't have a clue about programming, or math. Sorry, you just don't. 
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May 22, 2013, 01:20:21 AM
 #10046

510BTC bid wall at $121 now moved to $122
TheKoziTwo
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May 22, 2013, 01:20:27 AM
 #10047

They are working on a new trading engine atm, when it's released perhaps you will finally get your ultra fast trading fantasy fulfilled. The only thing they have done so far is to upgrade their servers.

And if they never manage to improve their engine, well, then it's reasonable to assume they will eventually lose their market share isn't it? and when they do you'll still get your trading fantasy fulfilled. It's a win-win situation.  Wink

Patience... patience my friend... and if you can't wait for someone else to do all the dirty work, you know what you're free to do.
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May 22, 2013, 01:28:00 AM
 #10048

528BTC wall moved back to $121 now
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May 22, 2013, 01:35:28 AM
 #10049


Yup. I've done a fair bit of work with databases, there's no reason on earth a company that makes millions has a trading engine that lags that hard. Someone on reddit claims they calculated MtGox can handle 40 trades a second. 40?! Even 400 would be surprisingly low.

Agreed, they're slower by orders of magnitude than they should be.  A friend of mine works for a company that designs & programs custom hardware used by these high speed traders.  Order are processed in 1-10 microseconds, not tens of milliseconds.  The kicker is that they're been slow for years, which is inexcusable.  And they never bothered to rebrand to something bitcoin specific instead of Magic The Gather Online eXchange.

By comparison, this is what 10 milliseconds of stock trading of Merck looks like between various worldwide exchanges (London, NYSE, etc):
https://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

I'm taking advantage of the lull in activity to cash out of Gox, and after their wire arrives, I'll send a wire to bitstamp.  I hope the exchange spread lasts until funds arrive.


Thank you.

Plenty of single server databases can do 1000s of queries a second. They've made millions. WTF. Anyone who has done any works on databases, should realize there's a huge problem when the trading engine lags 1 minute, 5 minutes, 10 minutes? Huh?

To show how bad it is, here's a simple example of how you can lag the fuck out of MtGox.

Break MtGox Engine

The fact this works, shows how poorly the whole setup is designed. But wait, I don't own an exchange, I should just be quiet. Despite the fact it's PAINFULLY obvious Gox is a pile of shit. And NotMe should change his sig because he doesn't have a clue about programming, or math. Sorry, you just don't. 


LOL... when did I comment on programming or math in this thread?  I agree that MtGox is crap, but complaining about it doesn't do any good.

Ad hominems don't make you right, and when they are baseless, they hurt your credibility.
Ares
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May 22, 2013, 01:50:50 AM
 #10050

Haven't seen one of these posted in a while:


MickeyT2008
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May 22, 2013, 01:57:26 AM
 #10051

Haven't seen one of these posted in a while:



+1   On topic!
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May 22, 2013, 02:02:58 AM
 #10052

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May 22, 2013, 02:05:40 AM
 #10053

Cool.  When is your exchange launching?

Oh right, unless you run an existing exchange, you can't possibility comment on how MtGox is run. Maybe those 7 people on the planet can chime in.

Are you 6 years old (and/or retarded)?


Fitty that cracked me up, thanks for the perfect response to the most retarded comeback to Gox criticism that is thrown around these parts  Grin Grin Grin

Sorry, I can only take so many YEARS of bitching and moaning about the same shit before I get sarcastic.  You've only had to put up with it for 3 months, so you probably have some patience left.  If he had added anything new, I wouldn't complain, but every point he brought up has been beat to death.

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May 22, 2013, 02:06:16 AM
Last edit: May 22, 2013, 02:16:20 AM by MickeyT2008
 #10054

There's something odd going on with Clarkmoody, it keeps showing walls then showing them as missing when I refresh the page.  The question is of course, are they there or not?  Maybe it's due to lag between the US based Clarkmoody and the Japan based MtGox.  Bitcoinity tells a different story too.

Clarkmoody often fails to show my asks and bids too
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May 22, 2013, 02:17:20 AM
 #10055

LOL... when did I comment on programming or math in this thread?  I agree that MtGox is crap, but complaining about it doesn't do any good.

Ad hominems don't make you right, and when they are baseless, they hurt your credibility.

Ad hominems? What the fuck. From the guy throwing out the "let's see you do better" logical fallacy. But wait, you agree with me. Do you even know what ad hominem means? I already know I'm right (which you agree with), I'm just calling you out because it's baffling anyone would object to discussion of extremely concerning flaws in the trading engine and why after 3 years they refuse to address it despite the fact they have plenty of money. It had nothing to do with my argument, MtGox is indefensible, that's a given.

Your programming knowledge comes into question when you defend MtGoxs trading engine. "Where's your exchange" implies it's harder then it looks, I doubt you could do better, and they're not as awful as you're saying. Which is why I thought you were 6 years old (and/or retarded). It's hardly baseless, your reply does make me think you're autistic. Sorry.
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May 22, 2013, 02:26:07 AM
 #10056

You can comment all you want.
Meanwhile, they are there and making money.

If things were this simple, they would have been out-competed years ago.
Or you have an incredible business opportunity.

So... when is your exchange launching?  Grin

Who said it was simple? MtGox isn't #1 because of the quality of their site/engine. It's liquidity. It's a chicken/egg argument. There are plenty of market leaders who are poorly run. They remain market leaders for a number of reasons. You have this naive business paradigm that the biggest site is clearly the best, clearly well run, otherwise they wouldn't be number #1! Sadly in the real world, where real people live, that's not always true.
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May 22, 2013, 02:29:54 AM
 #10057

A fake approx 450BTC wall keeps appearing at $121, then not being there as soon as I refresh the page.  Why is this, and is this still the wall observer thread?
fitty
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May 22, 2013, 02:31:57 AM
 #10058

Sorry, I can only take so many YEARS of bitching and moaning about the same shit before I get sarcastic.  You've only had to put up with it for 3 months, so you probably have some patience left.  If he had added anything new, I wouldn't complain, but every point he brought up has been beat to death.

Apology not accepted. You should learn to control your nerd rage. It's offensive. The fact the lag continues after 3 years does open up new questions. It's clearly a fixable problem given the money they have. Why they won't bring in outside help to fix it is troubling.

There is a cool feature called ignore. There's also a cool feature called, "keep scrolling". Your mouse probably already has it. If it doesn't, they're pretty cheap. Look for the newfangled "scroll wheel". It's insane. It lets you scroll through the page really quickly. Skipping any shit you don't feel like reading. Crazy huh?

Next time you get REALLY REALLY upset at a post, take a time out. Here's 10 things you can try to make life on the internet a lot easier.

Mayo Clinic - Anger management: 10 tips to tame your temper
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May 22, 2013, 02:33:41 AM
 #10059

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May 22, 2013, 02:34:53 AM
 #10060

LOL... when did I comment on programming or math in this thread?  I agree that MtGox is crap, but complaining about it doesn't do any good.

Ad hominems don't make you right, and when they are baseless, they hurt your credibility.

Ad hominems? What the fuck. From the guy throwing out the "let's see you do better" logical fallacy. But wait, you agree with me. Do you even know what ad hominem means? I already know I'm right (which you agree with), I'm just calling you out because it's baffling anyone would object to discussion of extremely concerning flaws in the trading engine and why after 3 years they refuse to address it despite the fact they have plenty of money. It had nothing to do with my argument, MtGox is indefensible, that's a given.

Your programming knowledge comes into question when you defend MtGoxs trading engine. "Where's your exchange" implies it's harder then it looks, I doubt you could do better, and they're not as awful as you're saying. Which is why I thought you were 6 years old (and/or retarded). It's hardly baseless, your reply does make me think you're autistic. Sorry.

Do you know what ad hominem means?
Quote
An ad hominem (Latin for "to the man" or "to the person"[1]), short for argumentum ad hominem, is an argument made personally against an opponent instead of against their argument.

Instead of addressing the topic, you called me retarded Roll Eyes.

Also, I never defended the MtGox trade engine.  It is harder than it looks, but mostly from a regulatory standpoint.  I agree their system is crap and could easily be improved upon.  But, instead of finding out the truth you make assumptions about me that lead you to believe I am of low intelligence.  I'm just tired of hearing the same shit repeated over and over.
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