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btcprice
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November 20, 2013, 04:50:06 AM |
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It looks like the API has been hijacked somehow. It's playing the same series of trades over and over again, made to look like a crash is happening. Meanwhile the real price stays at 585.
There is nothing hijacked. This happened many times before where gox"loops" trades. Are you saying these trades actually happened? I have heard evidence to the contrary from several people with outstanding orders within the range depicted in the loop. Bitwisdom reset their volume counters so not nearly this many trades taking place. |
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CryptStorm
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November 20, 2013, 04:50:51 AM |
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It looks like the API has been hijacked somehow. It's playing the same series of trades over and over again, made to look like a crash is happening. Meanwhile the real price stays at 585.
Large market order happened. Then GOX does into a "loop." Whether or not outside limit orders were filled remains to be seen. They have also "rolled back" trades b4 if I remember correctly. Most of this stuff happened around 2 years ago, but apparently problem isnt fixed There is nothing hijacked. This happened many times before where gox"loops" trades. Are you saying these trades actually happened? I have heard evidence to the contrary from several people with outstanding orders within the range depicted in the loop. Yeah, just a large mkt order shut it down. happened a lot cpl years ago. whether or not outside limit orders were hit (and won't be rolled back, as this has happened b4 IIRC) remains yet to be seen I actually submitted a ticket: "BROKEN: Reset your exchange" |
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nanobrain
Legendary
 Offline
Activity: 1008
Merit: 1000
Dumb broad
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November 20, 2013, 04:51:53 AM |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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November 20, 2013, 04:52:02 AM |
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[04:48:45] <@MagicalTux> very large sell order matching too many buy orders, causing the security system to stop the trade and rollback anything that was caused by it |
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CryptStorm
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November 20, 2013, 04:52:45 AM |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
tl;dr Current Exchanges = Shit |
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gandhibt
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November 20, 2013, 04:53:05 AM |
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This garbage has happened multiple times before. Incompetence that this hasn't been fixed in all these years.
This has happened so much that it would be very rare kind of stupidity if not in some degree intended. "I give you 20% if you do this little thing for me with your exchange" |
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jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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November 20, 2013, 04:53:21 AM |
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"security system" I would laugh, but
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 20, 2013, 04:53:52 AM |
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Thank God Mark put some "security" in his trading engine!
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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November 20, 2013, 04:54:04 AM |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
tl;dr Current Exchanges = Shit I bow to your summarisation skills  |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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November 20, 2013, 04:54:32 AM |
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So... what is going on on Mt.Gox? I know I'm the 50th person to ask... but I still don't get it.
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Walsoraj
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November 20, 2013, 04:54:38 AM |
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[04:48:45] <@MagicalTux> very large sell order matching too many buy orders, causing the security system to stop the trade and rollback anything that was caused by it These loops are not random but caused by large sells? So, if you have btc on another exchange, sell before Gox fixes the issue? lol *edit* Did mark really just let us all know that as soon as the bug is resolved a massive sell is coming through? really mark? |
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rogue13
Newbie
Offline
Activity: 46
Merit: 0
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November 20, 2013, 04:54:46 AM |
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http://imgur.com/tqozO8F gox as observed over the last 30 min or so on bitcointicker.co
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gandhibt
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November 20, 2013, 04:54:49 AM |
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Thank God Mark put some "security" in his trading engine!
RELIABLE We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform. |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 20, 2013, 04:54:56 AM |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
tl;dr Current Exchanges = Shit Why haven't real forex exchanges gotten on board? Where is Oanda? |
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Chalkbot
Legendary
Offline
Activity: 896
Merit: 1001
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November 20, 2013, 04:56:37 AM |
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What would you do with 4,400,000 gox bux?
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MelMan2002
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November 20, 2013, 04:56:42 AM |
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What on earth just happened on Gox? Gox trying to up their volume numbers? Obvious bot buying & selling their own orders... so strange...
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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November 20, 2013, 04:56:45 AM |
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Crazy shit always happens at the end of bubbles. That is just the nature of stresstesting the shitty infrastructure we have.
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 20, 2013, 04:57:55 AM |
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Crazy shit always happens at the end of bubbles. That is just the nature of stresstesting the shitty infrastructure we have.
What's your strategy for bubbles, typically? |
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Marbit
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November 20, 2013, 04:58:08 AM |
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"roll back"? is this guy for real?
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CryptStorm
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November 20, 2013, 04:58:35 AM |
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Shows there is still dissonance between the market and the technology - as the market expands this is going to et worse unless ALL the exchanges ensure they have their shit together (technical term that).
tl;dr Current Exchanges = Shit Why haven't real forex exchanges gotten on board? Where is Oanda? I'd like to take this conversation offline. This is the next barrier to entry. |
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