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Bitcoin Forum > Economy > Trading Discussion > mtgox USD price spike - what happened?
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Flappy
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June 27, 2011, 07:46:19 PM
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Price just spiked from 17 down to 15 momentarily.  I had a buy order at 16.27 which did not get executed.  With current buy orders, $400k would have to move for price to drop that far.  What happened?

I would post a picture but this forum doesn't seem to have image hosting for this purpose.
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June 27, 2011, 07:47:59 PM
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dark pool !!!
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June 27, 2011, 07:50:48 PM
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Mysterious. At this moment there are 10K more BTC demanded than supplied ... pretty impressive. Data from http://buckheadbitcoin.com/ - price may be moving up.
http://www.bitcoinminingaccidents.com/images/miningsig.png http://www.bitcoinaddict.com/images/addictsig.png
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June 27, 2011, 10:00:05 PM
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It's a known bug that MagicalTux is working on.
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June 28, 2011, 12:06:13 AM
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I appreciate the post.  I was wondering the same thing as my 16.00 limit order sat un-taken.  As to the dark pool, I thought those weren't supposed to be shown on the data as well as not influencing the market price.  Huh
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June 28, 2011, 12:07:52 AM
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Quote from: jjVon on June 28, 2011, 12:06:13 AM
I appreciate the post.  I was wondering the same thing as my 16.00 limit order sat un-taken.  As to the dark pool, I thought those weren't supposed to be shown on the data as well as not influencing the market price.  Huh

Dark pool orders do not appear on the order book, bit the trade does show as a normal trade if it goes through.
As we slide down the banister of life, this is just another splinter in our ass.
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