Bitcoin Forum
January 19, 2017, 03:01:46 PM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Phantom asks at mt gox  (Read 1109 times)
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 29, 2011, 06:23:14 PM
 #1

Looking at the bid/ask lists at mt gox here: http://bitcoin.clarkmoody.com/order-book/

There is overlap between the bids and asks.

Bids

5.0   5.0000   16.851
7.4   2.3798   16.84
8.1   0.7600   16.83

Asks

16.75977   0.2000   0.2
16.75998   0.0500   0.3
16.83999   3.2600   3.5

and it isn't going away.

While I'm trading (I'm the 15.851 bid) It seems that I can't pick up the first few asks. They all seem like phantom asks. Yet at mt gox, I'm told when placing an order that the lowest ask is 16.75, even though it doesn't seem be real.

It seems like this could be artificially be holding prices down.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 29, 2011, 06:26:10 PM
 #2

It's been like that on and off since mt relaunched.

Would be great to hear official statement about this bug and ETA for fixing it
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 574


Posts: 69


View Profile WWW
June 29, 2011, 06:26:39 PM
 #3

While I'm trading (I'm the 15.851 bid) It seems that I can't pick up the first few asks. They all seem like phantom asks. Yet at mt gox, I'm told when placing an order that the lowest ask is 16.75, even though it doesn't seem be real.

It seems like this could be artificially be holding prices down.

That is.. interesting.   Looking forward to how this gets explained.

CurbsideProphet
Hero Member
*****
Offline Offline

Activity: 672


View Profile
June 29, 2011, 06:27:48 PM
 #4

How are phantom bids artifically holding down prices?  I'm assuming these phantom bids are using the exploit found yesterday and will not be executed.  Is it preventing legit orders from being executed?  If not, it's not holding down anything, just screwing up the bid/ask charts.

1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 574


Posts: 69


View Profile WWW
June 29, 2011, 06:28:48 PM
 #5

 If not, it's not holding down anything, just screwing up the bid/ask charts.

Damn, now I wish I had some money in Gox just to have fun :/

DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 29, 2011, 06:29:30 PM
 #6

How are phantom bids artifically holding down prices?  I'm assuming these phantom bids are using the exploit found yesterday and will not be executed.  Is it preventing legit orders from being executed?  If not, it's not holding down anything, just screwing up the bid/ask charts.

They are phantom asks, not bids, currently. And if people are using the mt gox interface they keep trying to buy at the price 16.75, when no one is selling that low.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
CurbsideProphet
Hero Member
*****
Offline Offline

Activity: 672


View Profile
June 29, 2011, 06:34:01 PM
 #7

They are phantom asks, not bids, currently. And if people are using the mt gox interface they keep trying to buy at the price 16.75, when no one is selling that low.

Ah gotcha, sorry I didn't read your title well enough.  I wonder if people are doing the reverse of the exploit.  Putting up an asking price, withdrawing all their BTC's and hoping the order fills and they get cash with no BTC's in the account to debit?  Although if that's the case, why use such a low number of BTC's?  I would think they would try to get as close to that $1,000 limit as possible.

1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
dserrano5
Legendary
*
Offline Offline

Activity: 1680



View Profile
June 29, 2011, 07:00:27 PM
 #8

Seems to be fixed.

DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
June 29, 2011, 07:01:24 PM
 #9

Seems to be fixed.

Yeah, I think you are right. Do you see what happened on the charts while things were screwed up?

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
dserrano5
Legendary
*
Offline Offline

Activity: 1680



View Profile
June 29, 2011, 08:25:55 PM
 #10

Seems to be fixed.

Yeah, I think you are right. Do you see what happened on the charts while things were screwed up?

Err, no...

Anyway, I spoke too soon.

Pages: [1]
  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!