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Author Topic: glitches in market data  (Read 904 times)
niko
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November 28, 2011, 12:43:04 AM
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what happened here?

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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Dan The Man
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November 28, 2011, 12:53:15 AM
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glitch in the matrix. not the first time it has happened and won't be the last.

niko
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November 28, 2011, 01:25:21 AM
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glitch in the matrix. not the first time it has happened and won't be the last.

How do I tell a glitch from legitimate data?  This one is obvious, but how do I know there aren't less obvious glitches? How do I know that the whole MtGox price is not a glitch?  As much as I generally appreciate the service MtGox has been offering, problems like this one make me wish for a third-party audit.



They're there, in their room.
Your mining rig is on fire, yet you're very calm.
sadpandatech
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November 28, 2011, 02:17:53 AM
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glitch in the matrix. not the first time it has happened and won't be the last.

How do I tell a glitch from legitimate data?  This one is obvious, but how do I know there aren't less obvious glitches? How do I know that the whole MtGox price is not a glitch?  As much as I generally appreciate the service MtGox has been offering, problems like this one make me wish for a third-party audit.


  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
niko
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November 28, 2011, 04:59:42 PM
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  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.

You are missing my point here. That chart IS (was) generated based on the API data. It is reasonable to assume that the glitch was in the data, not in the chart. It wouldn't be the first time.

They're there, in their room.
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Herodes
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November 28, 2011, 10:25:04 PM
 #6

mtGox.com needs a third party audit.

Glitches are pretty common, I've seen it many times the last months.
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November 28, 2011, 11:00:43 PM
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  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.

Agreed. Here is a shameless plug for such an orderbook: bitcoin.clarkmoody.com

PGP KEY | 1Bitcoin3Tg2KWyAq3wzivdqwYqGwKYaGd
phorensic
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November 29, 2011, 02:22:51 AM
 #8

glitch in the matrix. not the first time it has happened and won't be the last.

How do I tell a glitch from legitimate data?  This one is obvious, but how do I know there aren't less obvious glitches? How do I know that the whole MtGox price is not a glitch?  As much as I generally appreciate the service MtGox has been offering, problems like this one make me wish for a third-party audit.


  That chart isn't exactly designed to be used as a tool to aid in trading decisions.. It's really neet to look at but if you want info to use for your trading activity you want to look at the ticker and orderbook in a more structured manner. i.e., write a script for it or use one of the many trading apps out there that will let you plug in api data.
I used it all the time to make major trading decisions.  It is the best way for me to see the depth chart visually.  I can see the walls and position my buys/sells in front of them so that when the price really starts to swing I can catch the swing instead of being on the other side of the wall and miss out entirely.
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November 29, 2011, 03:00:40 AM
 #9

you should see it try and cope with the current trading, it just doesn't know what to do and needs refreshing

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