Bitcoin Forum
December 18, 2017, 11:26:08 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 »
  Print  
Author Topic: BITSTAMP eXchange wall Observer. second biggest and best exchange  (Read 88661 times)
beekeeper
Sr. Member
****
Offline Offline

Activity: 406


LTC


View Profile WWW
October 24, 2013, 11:38:12 AM
 #761

Yeah, no complaints at all about their support, withdrawals and deposits, it is great and smooth.
I agree

25Khs at 5W Litecoin USB dongle (FPGA), 45kHs overclocked
https://bitcointalk.org/index.php?topic=310926
Litecoin FPGA shop -> http://ltcgear.com
1513639568
Hero Member
*
Offline Offline

Posts: 1513639568

View Profile Personal Message (Offline)

Ignore
1513639568
Reply with quote  #2

1513639568
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513639568
Hero Member
*
Offline Offline

Posts: 1513639568

View Profile Personal Message (Offline)

Ignore
1513639568
Reply with quote  #2

1513639568
Report to moderator
Miz4r
Legendary
*
Offline Offline

Activity: 1232


View Profile
October 24, 2013, 11:38:35 AM
 #762

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

Yeah it's the large market orders with huge slippage that give problems. A 4k BTC wall can be eaten in one go without any lag but when there's a lot of slippage involved and many different orders have to be processed then the whole engine just lags up for a while.

Bitcoin = Gold on steroids
Luzio
Jr. Member
*
Offline Offline

Activity: 51


View Profile
October 24, 2013, 11:38:45 AM
 #763

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

So did you check the asks a minute after this spike? It was basically still 2k to 205. And Bitstamp gives me a connection timeout now.

Up or down, it doesn't matter. Keep trading.
alexout
Full Member
***
Offline Offline

Activity: 172


View Profile
October 24, 2013, 11:40:03 AM
 #764

I dont get it. Im new at this :/

Under the buy/sell tab I saw a 300 bitcoin order for 210$ per when the price was lower. I hit the instant sell option and filled in the field to sell 5 btc and it showed 210$ as the price.

I went ahead and clicked sell, and then it said an open order was made to sell 5 btc at 210$.

Later I look and Ive sold 5 btc for the price of 189$! WTF??

Can someone please explain how this happened?

Thanks
MoreFun
Legendary
*
Offline Offline

Activity: 840


R★teI.CO


View Profile WWW
October 24, 2013, 11:41:07 AM
 #765

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

So did you check the aks a minute after this spike? It was basically still 2k to 205. And Bitstamp gives me a connection timeout now.

Orderbook stays the same till the end of the market order (this is kind of new - less than a month).

RteI.CO .1st.Auction.&.Experts.Platform. for ICOs
EXPERTS REVIEWS OBJECTIVE RATINGS ICO PROJECTS ADVISORS IDEAS TEAMS
Luzio
Jr. Member
*
Offline Offline

Activity: 51


View Profile
October 24, 2013, 11:42:10 AM
 #766

I was checking live on http://trading.i286.org/bitstamp/?item=btc&currency=usd and i am talking about a minute after the order.

Up or down, it doesn't matter. Keep trading.
MoreFun
Legendary
*
Offline Offline

Activity: 840


R★teI.CO


View Profile WWW
October 24, 2013, 11:42:43 AM
 #767

I dont get it. Im new at this :/

Under the buy/sell tab I saw a 300 bitcoin order for 210$ per when the price was lower. I hit the instant sell option and filled in the field to sell 5 btc and it showed 210$ as the price.

I went ahead and clicked sell, and then it said an open order was made to sell 5 btc at 210$.

Later I look and Ive sold 5 btc for the price of 189$! WTF??

Can someone please explain how this happened?

Thanks

Orders are not opened during the market order is going on, the order is "in progress" status.

RteI.CO .1st.Auction.&.Experts.Platform. for ICOs
EXPERTS REVIEWS OBJECTIVE RATINGS ICO PROJECTS ADVISORS IDEAS TEAMS
alexout
Full Member
***
Offline Offline

Activity: 172


View Profile
October 24, 2013, 11:58:25 AM
 #768

I dont get it. Im new at this :/

Under the buy/sell tab I saw a 300 bitcoin order for 210$ per when the price was lower. I hit the instant sell option and filled in the field to sell 5 btc and it showed 210$ as the price.

I went ahead and clicked sell, and then it said an open order was made to sell 5 btc at 210$.

Later I look and Ive sold 5 btc for the price of 189$! WTF??

Can someone please explain how this happened?

Thanks

Orders are not opened during the market order is going on, the order is "in progress" status.

So are you saying that if I see a order flashing green cuz its being filled, I should not try and fill it?

What about the fact that my open order was at 210$ but it sold the btc at 189$?

Thanks for your reply btw.
Progressive
Full Member
***
Offline Offline

Activity: 181


View Profile
October 24, 2013, 12:01:40 PM
 #769

Instant sell is a "market order" not a "limit order".
TERA
Hero Member
*****
Offline Offline

Activity: 546



View Profile
October 24, 2013, 12:05:53 PM
 #770

Woohoo the bid is up to 3 million!  It looks like some serious accumulation or fiat injection occured during that drop and we are ready to move higher with bid support.
Rannasha
Hero Member
*****
Offline Offline

Activity: 728


View Profile
October 24, 2013, 12:07:31 PM
 #771

Instant sell is a "market order" not a "limit order".

This.

It is essential to realize the difference between these two orders. A "market order" means that you'll leave it to the exchange to get you the best price possible. A "limit order" sets a limit to the price you're willing to buy at / sell for.

What happened in this particular case was that someone posted a huge 2K+ buy order at 210. At that point, the engine started eating up all the open sell orders below that price until it had filled this big buy order. A market sell order placed during this process was executed after the big buy was done and at that point there were no buy orders in the book above 189, which was the best price the engine could get you. If you had placed a limit order at 210, it would not have executed (since there were no buyers at this price, after the big one had processed) and it would still be in the books. An issue with this process was that the execution of the huge buy order took several minutes, which caused most of the confusion.
alexout
Full Member
***
Offline Offline

Activity: 172


View Profile
October 24, 2013, 12:42:56 PM
 #772

Instant sell is a "market order" not a "limit order".

This.

It is essential to realize the difference between these two orders. A "market order" means that you'll leave it to the exchange to get you the best price possible. A "limit order" sets a limit to the price you're willing to buy at / sell for.

What happened in this particular case was that someone posted a huge 2K+ buy order at 210. At that point, the engine started eating up all the open sell orders below that price until it had filled this big buy order. A market sell order placed during this process was executed after the big buy was done and at that point there were no buy orders in the book above 189, which was the best price the engine could get you. If you had placed a limit order at 210, it would not have executed (since there were no buyers at this price, after the big one had processed) and it would still be in the books. An issue with this process was that the execution of the huge buy order took several minutes, which caused most of the confusion.

THank you for the explanation Wink

Is there any scenario where using the instant order is suitable over the limit order?
Nemo1024
Legendary
*
Offline Offline

Activity: 1568



View Profile WWW
October 24, 2013, 12:45:25 PM
 #773

I used instant today for the first time, when the market was moving down to 160 fast and I just wanted to secure a buy. Placing a limit would have taken time and by that moment you could end up in the rebound.

#101Life
Save Donbass

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
oda.krell
Legendary
*
Offline Offline

Activity: 1400



View Profile
October 24, 2013, 12:50:19 PM
 #774

I missed today's (probably: flash) crash, but I traded during the SR one, and I wasn't very happy with how bitstamp handled the large volume... my order got through in the end, but their website went belly up several times in between, and overall, the experience was extremely laggy.

Preliminary remark: I like bitstamp. Good support, decent communication, I trust them.

Problem: They're not fully prepared to handle the increased volume that headed their way in the past months, IMO.

Question: Can we, the customers, do something about it? Make it known that we'll continue to support them, but we expect better performance and reaction to events than, say, mtgox?

Any suggestions?

Not sure which Bitcoin wallet to use? I suggest to take a look at Electrum.
Electrum is an open-source lightweight client: user friendly, fast, and one of the safest ways to store, send or receive bitcoins.
For executables (Windows, OSX, Linux, Android), source code and documentation, see the Electrum homepage.
alexout
Full Member
***
Offline Offline

Activity: 172


View Profile
October 24, 2013, 12:57:20 PM
 #775

Obv everyone should he complaining to them and telling them they will take their business elsewhere if they dont upgrade etc.
wachtwoord
Legendary
*
Offline Offline

Activity: 1638


View Profile
October 24, 2013, 02:32:38 PM
 #776

THank you for the explanation Wink

Is there any scenario where using the instant order is suitable over the limit order?

None other than laziness. When buying stocks I never use a market order as well and always explicitly state a limit order. Why take a chance if it takes 20 seconds to do?
gizmoh
Legendary
*
Offline Offline

Activity: 1302



View Profile
October 24, 2013, 08:20:43 PM
 #777

Anyone having a pain to load stamp pages? getting this "connection timeout" message often:

Oops!
Bitstamp is currently down

Connection timed out
The initial connection between CloudFlare's network and the origin web server timed out. As a result, the web page can not be displayed.
Ray ID: c295b67d79307ff
Your IP address: ------------
Error reference number: 522
CloudFlare Location: Singapore
 

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
TERA
Hero Member
*****
Offline Offline

Activity: 546



View Profile
October 25, 2013, 12:22:30 AM
 #778

SheHadMANHands
Legendary
*
Offline Offline

Activity: 980


View Profile
October 25, 2013, 12:28:17 AM
 #779

Anyone having a pain to load stamp pages? getting this "connection timeout" message often:

Oops!
Bitstamp is currently down

Connection timed out
The initial connection between CloudFlare's network and the origin web server timed out. As a result, the web page can not be displayed.
Ray ID: c295b67d79307ff
Your IP address: ------------
Error reference number: 522
CloudFlare Location: Singapore
 

Yup, seen it several times last few weeks, though refreshing the page always resolved it.
SheHadMANHands
Legendary
*
Offline Offline

Activity: 980


View Profile
October 25, 2013, 01:53:42 AM
 #780

Probably a stupid question, but why isn't there arbitrage between btce and stamp?  Like a 10$ difference (technically less than 5%).

Or for that matter, btce and coinbase, with their 1% withdrawal fee.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!