Bitcoin Forum
December 09, 2016, 07:43:04 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoinica not processing orders?  (Read 1077 times)
Isosceles
Member
**
Offline Offline

Activity: 71


View Profile
December 20, 2011, 03:22:07 AM
 #1

Does anyone else have a problem with Bitcoinica not processing market orders? Mine has been waiting for 9 minutes now
1481312584
Hero Member
*
Offline Offline

Posts: 1481312584

View Profile Personal Message (Offline)

Ignore
1481312584
Reply with quote  #2

1481312584
Report to moderator
1481312584
Hero Member
*
Offline Offline

Posts: 1481312584

View Profile Personal Message (Offline)

Ignore
1481312584
Reply with quote  #2

1481312584
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481312584
Hero Member
*
Offline Offline

Posts: 1481312584

View Profile Personal Message (Offline)

Ignore
1481312584
Reply with quote  #2

1481312584
Report to moderator
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
December 20, 2011, 04:15:31 AM
 #2

Does anyone else have a problem with Bitcoinica not processing market orders? Mine has been waiting for 9 minutes now

Sorry for the problem. Just now someone used API to spam us with tiny orders, and unfortunately our matching algorithm spent a long time processing them.

I have already optimized the code to process orders on user-by-user basis so similar things won't happen again.

Thank you for trading at Bitcoinica!

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
Isosceles
Member
**
Offline Offline

Activity: 71


View Profile
December 20, 2011, 04:38:27 AM
 #3

Thanks for getting this fixed so quickly Zhoutong!
BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756


View Profile WWW
December 20, 2011, 04:44:02 AM
 #4

you are probably lucky your Market BUY orders didn't trigger on the moment it broke above 4.00.  Zhou, I assume you are taking the other side of every trade on your site?  So you are selling to people at 4.77?


BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
December 20, 2011, 04:52:22 AM
 #5

wow this is insane... so many bulls that it crashed bitcoinica, probably xD
edit: just read zhoutong's post

(BFL)^2 < 0
BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756


View Profile WWW
December 20, 2011, 05:18:01 AM
 #6


This is what happens when everyone hits Zhou's big green BUY button at the same time



Sing it with me:  "Five...Five Dolla....Five Dolla Bit Coins!"

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
December 20, 2011, 05:23:37 AM
 #7

you are probably lucky your Market BUY orders didn't trigger on the moment it broke above 4.00.  Zhou, I assume you are taking the other side of every trade on your site?  So you are selling to people at 4.77?



We are not trading against our customers. There's seriously no depth above $4 at that time compared to the massive forced liquidations. Bitcoinica, as a market maker, has to offer guaranteed liquidity on the price displayed. There's simply no better price to offer according to our algorithm.

We have recovered all the inaccurate forced liquidations as a result of this spike.

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
barrymac
Member
**
Offline Offline

Activity: 74


View Profile
January 18, 2012, 12:58:06 AM
 #8

I had some really extreme forced liquidations, and they are far from recovered! Any chance you are going to recover them ? My price was pretty good if it hadn't crashed so ridiculously deep for that very short time. The system didn't keep up with the speed of the price move. Circuit breakers need to kick in way quicker than that!
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!