StarrManUK
Newbie
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Activity: 52
Merit: 0
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April 18, 2013, 09:40:09 PM |
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Richy_T
Legendary
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Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 18, 2013, 09:40:35 PM Last edit: February 28, 2021, 05:12:10 AM by Richy_T |
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phoenix1
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April 18, 2013, 09:40:57 PM |
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Please have a look at where the bid sum actually resides. Half of it is below $60/Ƀ, $2M are even below $25/Ƀ. I call manipulators all those that move millions but park them at market – 50%.
I would love to see in addition to the above chart a chart with the weighted average bid and the weighted average ask and a chart of that spread which I would call manipulators activity chart.
I agree with all you say except for your arbitrary definition of 'manipulators' Those charts would provide more 'information' to do with as you please, but by no means are evidence of manipulation. I have bids at market - 50% ... how does that make me a manipulator ? I'm good for it and a genuine buyer, just not at these prices. Trying to read meaning into these charts without taking account of the level of the bid is ... well .... in my opinion a waste of time. If anything these charts are positively misleading. You could equally well say that anyone who is willing to sell several thousand at $120 but has not entered the order in the order book is also a 'manipulator'. He has intent but is not showing it, hoping that the market reaches that level before showing his/her hand. Which is more manipulative ? Leaving genuine big bids in may be counterproductive (or not), but at least it is 'open' ... how many people here have hands they are not showing ? That's what makes a market. And yes, I am fully aware that people play games with markets, especially ones as illiquid as this. But one could very easily argue that those who have bought to hold, with no intention of selling are the true manipulators, hoarding with the intention of exponential gain due to supply constraints, whilst shouting from the rooftops about how everybody should buy Bitcoin. BTW I am not disagreeing with the potential utility and value or I would not have bids in
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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April 18, 2013, 09:43:01 PM |
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Somebody was tired of waiting to buy low and just went for it.
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just1nmc
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April 18, 2013, 09:44:03 PM |
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1 minute of lag from buy orders?
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Fiery Winds
Newbie
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Activity: 28
Merit: 0
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April 18, 2013, 09:44:15 PM |
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Two orders went through at 90k USD and 79k USD to put us over the hump.
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TsuyokuNaritai
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April 18, 2013, 09:46:41 PM |
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Looks like 100 triggered a bit of bot buying. Should be an interesting few minutes as people who were waiting for a dip start panic buying instead.
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camolist
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April 18, 2013, 09:47:25 PM |
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1 minute of lag from buy orders? countdown till they stop trades for cooldown? hopefully this week chased out the week hands and we can move on (how many tens of thousands of mtgox accounts in queue?)
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cdb000
Member
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Activity: 112
Merit: 11
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April 18, 2013, 09:49:16 PM |
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Price heading up, currently 103, lag heading up, currently 1m 10s.
I though Gox was supposed to have made changes to fix this lag?
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fitty
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April 18, 2013, 09:50:42 PM |
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Gotta love that $100 bid wall. Here's what it looks like in my head.
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phoenix1
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April 18, 2013, 09:51:05 PM |
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Should be an interesting few minutes as people who were waiting for a dip start panic buying instead.
Panic buyers make good customers
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Fiery Winds
Newbie
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Activity: 28
Merit: 0
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April 18, 2013, 09:51:22 PM |
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Price heading up, currently 103, lag heading up, currently 1m 10s.
I though Gox was supposed to have made changes to fix this lag?
They added more servers to minimize lag, and considering the recent increase in trade volume, it's actually doing a LOT better. Not to mention most people have learned to keep their cool during laggy periods.
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 18, 2013, 09:51:47 PM |
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Price heading up, currently 103, lag heading up, currently 1m 10s.
I though Gox was supposed to have made changes to fix this lag?
Any lag is annoying, but I've found anything under 2 minutes doesn't seem to cause much damage. Getting to 5 mins starts hitting the red line. 10+ is huge dangerzone for panic 'lag selling' garbage.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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April 18, 2013, 09:57:43 PM |
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some big sales back up to 100
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UKMark
Full Member
Offline
Activity: 144
Merit: 100
Empty vessels make most noise.
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April 18, 2013, 10:01:38 PM |
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Absolute madness they don't know whether to panic buy or panic sell LOL
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 18, 2013, 10:02:35 PM |
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Absolute madness they don't know whether to panic buy or panic sell LOL No need for panic selling, it spiked up really fast, makes sense it would drop back into the high 90s.
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impulse
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April 18, 2013, 10:02:49 PM |
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Looks like the majority of that big buy came from off the order book. Bid sum appears intact at new highs.
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keewee
Legendary
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Activity: 1025
Merit: 1000
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April 18, 2013, 10:03:33 PM |
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fitty
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April 18, 2013, 10:05:42 PM |
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Someone with a lot of coins really doesn't want it over $100.
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