Gox is Goxxin!

[YoYa]

8:00:19 > Rem ask 0.37073618 @ 8.8701
18:00:19 > Trade: 0.37073618 @ 8.87010
18:00:19 > Rem ask 0.09569056 @ 8.87003
18:00:19 > Trade: 0.09569056 @ 8.87003
18:00:18 > Rem ask 0.09417793 @ 8.86972
18:00:18 > Trade: 0.09417793 @ 8.86972
18:00:18 > Rem ask 0.02016005 @ 8.86972
18:00:18 > Trade: 0.02016005 @ 8.86972
18:00:17 > Rem ask 0.37073618 @ 8.86957
18:00:17 > Trade: 0.37073618 @ 8.86957
18:00:17 > Rem ask 0.01905459 @ 8.86917


What's wrong with this picture

Trade, remove ask? WTF?!?

Either a bot's gone crazy, or the trading engine is fucked, but it's cycling in the same tiny range between 8.86 and 8.87....go see for yourself:

http://bitcoin.clarkmoody.com/order-book/
http://mtgoxlive.com/orders

[1714882730]

1714882730

[1714882730]

1714882730

[1714882730]

1714882730

[1714882730]

1714882730

[1714882730]

1714882730

[N12]

Yeah, it’s fucking up my volume in SierraChart. Seriously, first the 6s trades, and then this.

[YoYa]

I'm betting spam/psycho bot, there are some regular trades getting in between the madness......guess someone explained a logic paradox to the poor bot!

[indio007]

Something is borked. I suspect bot.

[N12]

See last ~20 mins.

[coined]

is it a set of tiny bot buy orders?, or sell's created and just left like that, so when average joe tries to buy he has to go through the 1000's of tiny orders on the way up,

or something else intended to clog the system for others so they can make a particular move, could you use a trick like that to buy or sell into a "fake" bid wall, before it was removed? the people putting up the fake walls would normally see the price approach it and so remove it, but now they are so far back in the action cue they wont remove it in time?

[YoYa]

Can't see any ask's being added, which does seem to pin the blame on the trading engine, but I really can't say, interestingly it's pumping volume and seems to be pushing a minor upward trend......wtfbbq

I dunno....

[N12]

is it a set of tiny bot buy orders, or sell's created and just left like that, so when average joe tries to buy he has to go through the 1000's of tiny orders on the way up,

It’s just a fucked up MtGox. Those trades aren’t actually executed anymore. (see depth on http://bitcoin.clarkmoody.com/order-book/)

It is one stupid loop of trades going on over and over again.

[indio007]

There is also the risk of ppl. putting in bids and asks at stale prices and overpaying.

[YoYa]

Hehe,

It's generating it's own divergence!


Quick everyone, this could be a sign! :p

[N12]

Beautiful.

[RyNinDaCleM]

Too bad it's not a full dollar loop!

[N12]

Unsustainable.

Sure it is, those are not actual trades, it’s a loop of one trade sequence.

[YoYa]

Unsustainable.

Sure it is, those are not actual trades, it’s a loop of one trade sequence.

A loop that seems to be edging up slowly:
8.87118 when it started to 8.87786

Weird!

[nmat]

I don't know much about high frequency trading, but I saw that pattern in a ted talk a few weeks ago (around 6:20): http://www.ted.com/talks/kevin_slavin_how_algorithms_shape_our_world.html

He called it "the boston shuffler", but he didn't explain how it worked...

[YoYa]

So.... did someone just sneak in a large buy without sending the price flying up???

hrmmm :/ weird one.

[YoYa]

It ain't over yet, someone is trying to ratchet up and entice the chart readers to buy, 15 min RSI now buy signal, with 1K buy bid wall supporting.

Man, this sure is the wild west alright!

[N12]

Here we go again.



Fuck you, MtGox, seriously. Fuck you for distorting the volume for the second time in two days. I think this should be considered market manipulation.

[klaus]

Fuck you, MtGox, seriously. Fuck you for distorting the volume for the second time in two days. I think this should be considered market manipulation.

its not goxxed - what a stupid stupid bash !

mtgox is not the one who places hundreds of hundreds of 0.01/0.02 bid/asks / doing this loop. He just take the fee from this bored/dumb bot owner and thats his business, so for me no problem with this.

yesterday (on buying side) it took 1 hour and afterwards i've seen 2 walls with 10.000 US$ buying orders each, so even dumber than the bot owner, step in this trap - thought/take this as a buying sign.
The market corrected this ridiculous action afterwards.

so today its on the selling side. lets see what will happen.

*LeanBackTakeOutPopcorn

[N12]

its not goxxed - what a stupid stupid bash !

It is. Noone can execute any trades for hours while it is going on. Same as yesterday. People base their decisions on the false information (volume and price action) MtGox provides.

And no, I do not believe those are legitimate bot trades. It’s a looped sequence of someone selling into bot asks (whole bunch of small ones) caused by some MtGox bug. You can have a look at http://bitcoin.clarkmoody.com/order-book/ and see for yourself.

Even MagicalTux just confirmed it: [10:34:12] <MagicalTux> seems like the trade engine goes into an infinite loop

Stop your stupid fanboyism. I hate your kind.