Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[stereotype]

Lol at kraken btc hit 2082 in 10 seconds?
Whats going on lal

I don't know what's happenning with KRAKEN... It's the third time (that I have NOTICED) that I had limit orders placed from days before that ARE NOT EXECUTED when the price cross and pass my limit price.

In this case, the price reached 2082€, yet I had some sell limit orders in the 19XX€ and 2XXX€ range that were NOT EXECUTED.

I always leave low and high orders to take advantage of this spikes... but it looks like someone else (maybe KRAKEN itself) is taking advantage of it and not me?

WTF is this shit? It is costing me MONEY.

And I am still waiting on the last ticket I opened about this issue past month.

Anyone else on the same boat?

What this leads me to believe that maybe some people are being liquidated, at least at a worst price than would happen if orders on the way were executed.

I could be wrong but... Could it be because there is not enough demand?

I means yeah the price actually crossed the lines but not for long, it might be that there was no one to actually take your position no?
Anyway it's interesting to note, do you have any other platform on which you can trade? I hate btc-e for trading, they're good to buy/sell but not to manage leverage trading positions.

No, that's not how the order book (should) works. If someone goes to sell (or be liquidated) all the way to 2082€ it means all sell orders before that price have been honored.

The only case that could be a bit confussing is if the rise stops at exactly the price you had your limit orders set. Then, if there are more coins from other traders that were placed before yours AND are enough to cover the demand, no single coin from you will be reached. But the price can't rise any single penny above while there are sell limit orders pending at that price.

I haven't had any single problem with Bitstamp but I have never used leverage there, not sure if they already offer it.

For leveraging your alternatives are not much and not good either.

Bitstamp leverage coming soon, apparently.

[bitserve]

Lol at kraken btc hit 2082 in 10 seconds?
Whats going on lal

I don't know what's happenning with KRAKEN... It's the third time (that I have NOTICED) that I had limit orders placed from days before that ARE NOT EXECUTED when the price cross and pass my limit price.

[snip]

Anyone else on the same boat?

Same thing happened to me this last spike. I only noticed because you brought it up. Going to investigate.

I am still waiting for a reply about a limit buy at $124X that I still have on my order book and should have executed in one dump that hapenned and cross it. I am requesting they honor my order at their cosst (which is increasing every day that the prices raises higher) yet I haven't received ANY reply.

I don't even know how much money I have lost with this behaviour because it could have hapenned more than this THREE times I have noticed.

Yeah, I know, I should not be using Kraken anymore... but there are not so many "reliable" (?) exchanges and I prefer to have my trading funds distributed. The ONLY exchange I have never had a single problem is Bitstamp.

I think there is a Kraken thread somewhere in bitcointalk, I am going to search for it.l

Been happening for a long time, and is admitted by Kraken/Dargo.
I waited 36 hours to see what happened to my order. It executed $86 to my disadvantage. Took multiple support requests to ask to be made good. I wait many days for reply. Then, Kraken gave me $100 worth of Kraken tokens to use against future trades only, without any supporting email. I ask Kraken suppot "WTF?" Totally ignored.
I ask Dargo for an explanation on the Kraken thread, he refuses to answer to the very question about why i should accept tokens instead of my money back.
 
People really need to stay away from Kraken, unless playing with play money. Their problems are broad based, have been happening for nearly a year, and with no sign of them getting better.

https://bitcointalk.org/index.php?topic=290799.msg19106706#msg19106706

Please correct me if I am wrong, but I think you are talking about stop limits/take profit orders here. I already learned to NEVER, EVER use them anymore as, IF it executed, they will do at the very worst possible price. Also, trading engine lag in periords of heavy usage are a known issue.

But... a standing LIMIT order already in the order book since days ago that doesn't get honored? That's pure rabbish and means the order book is simply broken or it can get bypassed in unexplained ways.

[mainpmf]

Lol at kraken btc hit 2082 in 10 seconds?
Whats going on lal

I don't know what's happenning with KRAKEN... It's the third time (that I have NOTICED) that I had limit orders placed from days before that ARE NOT EXECUTED when the price cross and pass my limit price.

In this case, the price reached 2082€, yet I had some sell limit orders in the 19XX€ and 2XXX€ range that were NOT EXECUTED.

I always leave low and high orders to take advantage of this spikes... but it looks like someone else (maybe KRAKEN itself) is taking advantage of it and not me?

WTF is this shit? It is costing me MONEY.

And I am still waiting on the last ticket I opened about this issue past month.

Anyone else on the same boat?

What this leads me to believe that maybe some people are being liquidated, at least at a worst price than would happen if orders on the way were executed.

I could be wrong but... Could it be because there is not enough demand?

I means yeah the price actually crossed the lines but not for long, it might be that there was no one to actually take your position no?
Anyway it's interesting to note, do you have any other platform on which you can trade? I hate btc-e for trading, they're good to buy/sell but not to manage leverage trading positions.

No, that's not how the order book (should) works. If someone goes to sell (or be liquidated) all the way to 2082€ it means all sell orders before that price have been honored.

The only case that could be a bit confussing is if the rise stops at exactly the price you had your limit orders set. Then, if there are more coins from other traders that were placed before yours AND are enough to cover the demand, no single coin from you will be reached. But the price can't rise any single penny above while there are sell limit orders pending at that price.

I haven't had any single problem with Bitstamp but I have never used leverage there, not sure if they already offer it.

For leveraging your alternatives are not much and not good either.

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

[bitserve]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

[ShroomsKit_Disgrace]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

[bitserve]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

I am absolutely sure that this time, AGAIN, something happenned that bypassed all or part of the order book. I would like to know WHO was the fortunate guy (or entity) that took the big profit of selling those coins at that high price. And I feel sorry for whomever was liquidated and forced to sell at that artificial high price. It would have been much lower (or maybe he wouldn't even be liquidated in first instance) if our intermediate sell orders had been honored.

I would like to think this is a (recurring) bug, but I am not sure anymore.

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

And no, it's not the API: THis is from kraken site irself:


    Last
    €1,899.920
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    26,023.66
    Weighted Avg
    €1,879.180

[ErisDiscordia]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

[craked5]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

I am absolutely sure that this time, AGAIN, something happenned that bypassed all or part of the order book. I would like to know WHO was the fortunate guy (or entity) that took the big profit of selling those coins at that high price. And I feel sorry for whomever was liquidated and forced to sell at that artificial high price. It would have been much lower (or maybe he wouldn't even be liquidated in first instance) if our intermediate sell orders had been honored.

I would like to think this is a (recurring) bug, but I am not sure anymore.

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

Ah I see what you mean.
If there was someone who actually put sell orders at those prices and there was an artificially high spike then someone must have won a freaking jackpot there...

[bitserve]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK.

But the problem is not in the API:


XBT/EUR

    Last
    €1,894.680
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    25,936.77
    Weighted Avg
    €1,879.344

There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days).

So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK?

[ShroomsKit_Disgrace]

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

And no, it's not the API: THis is from kraken site irself:


    Last
    €1,899.920
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    26,023.66
    Weighted Avg
    €1,879.180

Ummmmm very interesting indeed. As you said, the order book seemed to be totally bypassed until that high price. The question is: Are they really this stupid to cheat in this blatant way? I mean, anyone in the world can see something went wrong...So if this starts to happen more frequently they are going to lose their customers in matter of days. There is no point of doing such a clear and blatant cheat. I call it just stupidity, but in the innocent way.

Of course, I expect some kind of public response from them in the incoming days.

[JohnUser]

Kraken have trade problem from a very long time, i don't understand why you are surprised ?

[rjclarke2000]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

[mOgliE]

Kraken have trade problem from a very long time, i don't understand why you are surprised ?

Because here it no longer seems to be a problem.

Call me a conspiracy twart but it seems like a simple malversion in order to make money and nothing else.
You can tolerate bugs. You can't tolerate being fucked willingly by the trading platform.

[bitserve]

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

And no, it's not the API: THis is from kraken site irself:


    Last
    €1,899.920
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    26,023.66
    Weighted Avg
    €1,879.180

Ummmmm very interesting indeed. As you said, the order book seemed to be totally bypassed until that high price. The question is: Are they really this stupid to cheat in this blatant way? I mean, anyone in the world can see something went wrong...So if this starts to happen more frequently they are going to lose their customers in matter of days. There is no point of doing such a clear and blatant cheat. I call it just stupidity, but in the innocent way.

Of course, I expect some kind of public response from them in the incoming days.

Probably you are expecting too much from them. I am still waiting a single reply for my support ticket, more than one month ago, when last time I NOTICED this happenning to me. And here I have this standing buy limit order at 124X€ that should have been honored then when price went lower tan that.

Anyway I will update if I get some reply on this.

About the "innocent way", well, I "only" lost some profit that belonged to me.... but tell that to whomever got liquidated and had to rebuy at that 2082€ price for NO REASON... to add insult to the injury.

It is hard that this become more "frequent" as it is hapenning too much frequently already. If you can bypass the order book nothing stops you to do a double short and long squeeze combo. Millions of profit and burned customers in a matter of seconds.

[bitserve]

Kraken have trade problem from a very long time, i don't understand why you are surprised ?

Because here it no longer seems to be a problem.

Call me a conspiracy twart but it seems like a simple malversion in order to make money and nothing else.
You can tolerate bugs. You can't tolerate being fucked willingly by the trading platform.

Yep, I can tolerate some hiccups, I can tolerate the trasding platform to become unusable during heavy usage periods, I know not to use stop loss/take profit orders because they delay a lot to be inserted in the order book.... But I can't tolerate not even understand my standing orders already IN THE ORDER BOOK, to be blatantly bypassed. That's crazy.

[K~Ehleyr]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK.

But the problem is not in the API:


XBT/EUR

    Last
    €1,894.680
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    25,936.77
    Weighted Avg
    €1,879.344

There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days).

So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK?

I was watching Kraken at that time.  I was waiting in a queue for two hours and had very little to do except keep refreshing all my coin charts, including the Kraken app.  I did not see that price reached or any unusual fluctuations in the price.  I do not believe it was real, or if it was it must have been so momentary that no other prices were hit in between.  A fat-fingered buyer perhaps?  Someone who thought they were trading USD instead of EUR??

[bitserve]

Ok yeah I see what you mean.

I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD

It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof.

Can you tell how many BTC were bought/sold in that huge spike to 2082€? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so?

That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC)

Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK.

But the problem is not in the API:


XBT/EUR

    Last
    €1,894.680
    High
    €2,082.958
    Low
    €1,757.400
    24 Hour Volume
    25,936.77
    Weighted Avg
    €1,879.344

There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days).

So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK?

I was watching Kraken at that time.  I was waiting in a queue for two hours and had very little to do except keep refreshing all my coin charts, including the Kraken app.  I did not see that price reached or any unusual fluctuations in the price.  I do not believe it was real, or if it was it must have been so momentary that no other prices were hit in between.  A fat-fingered buyer perhaps?  Someone who thought they were trading USD instead of EUR??

It could be a fat finger or most probably a short squeeze. That doesn't matter... the price reached 2082€ (as you can see on kraken site itself as high price today), I had sell limit orders placed on the ORDER BOOK from several days ago at 19XX€ which should have been honored. The price cannot reach higher without honoring orders in the order book. It's as simple as that.

Even if the site became unusable during that spike, orders already in the order book BEFORE the fat-finger/short squeeze must be honored (My orders were there from several days ago). YOu can even halt the trading for some issue, but the price cannot get higher without honoring previous lower orders. That's how an order book (should) works.

[LFC_Bitcoin]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

[simmo77]

Breaking my boycott just to say

"Great job, Bitcoin" 

Good to see you again mate

[bitserve]

Forgot I had a load of dogecoins.

Just traded them for 4.6 bitcoin.

That's a pretty good day

That's a damn good day. I'm moderately happy with my stash of bitcoin so I probably would have cashed the dogecoin into fiat & had fun with the money

I just discovered that I can get some free CLAMS for each of my funded BTC address on MAY 2016 2014 (edited). I am in the process of syncing the wallet to do it. Free money!

ANyone else knows about some other coins that have some value and can get for free the same way?

I love the smell of free money in the morning