Bitcoin Forum
December 08, 2016, 04:20:48 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Bitcoinica No Spread Charged for the next 12 hours.  (Read 4326 times)
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 11, 2012, 06:35:41 PM
 #61

You really can't expect people to come read a forum to find out that the site doesn't actually work.

You can put real money into it and lose big due to functionality that should never have been released to the public.  That says the developers are pretty clueless about software release procedures, especially for transactional systems dealing with real money.  

There is nothing even on the page to indicate that the functions don't work.
http://awesomescreenshot.com/0d9rrdl98

Worse than simply not working, the StopLoss function will execute other transactions guaranteed to lose you money...

The main way to make money on bitcoinia at the moment is to uncover their identities and hold them liable for damages.



It's run by a 17 year old kid.  If I were you, I would do better diligence before sending your irreversible money to random websites.  That said, if you stay in the loop he is fairly responsive and does pretty well for a kid.  I personally have made plenty of money, and as long as you aren't too heavily leveraged you should be able to profit if you sit on the position for a week.  Anyway, I'm not going to respond in this thread any more as it's title is misleading.  Please take your grief here:
https://bitcointalk.org/index.php?topic=42267.0
or start a new thread.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
1481170848
Hero Member
*
Offline Offline

Posts: 1481170848

View Profile Personal Message (Offline)

Ignore
1481170848
Reply with quote  #2

1481170848
Report to moderator
1481170848
Hero Member
*
Offline Offline

Posts: 1481170848

View Profile Personal Message (Offline)

Ignore
1481170848
Reply with quote  #2

1481170848
Report to moderator
1481170848
Hero Member
*
Offline Offline

Posts: 1481170848

View Profile Personal Message (Offline)

Ignore
1481170848
Reply with quote  #2

1481170848
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481170848
Hero Member
*
Offline Offline

Posts: 1481170848

View Profile Personal Message (Offline)

Ignore
1481170848
Reply with quote  #2

1481170848
Report to moderator
Crypt_Current
Hero Member
*****
Offline Offline

Activity: 686


Shame on everything; regret nothing.


View Profile
January 11, 2012, 08:19:52 PM
 #62

Geez... okay a stoploss is an 'order type'.. wonderful.

But check this out. It's broken and just lost me money!

http://awesomescreenshot.com/092rrbs6e

I selected Order Type of Trailing Stop, read the instructions, set a price of 5.6 (below the current price of about 6.85) then pressed Buy .. then tried it again for a traling stop at $6.3

It EXECUTED this as a BUY transaction AT MARKET!!  I now have 20 BTC purchased at 6.93 which I did not ask for. 

Looks like a very serious bug, has anyone tested this code before releasing it on a public who could lose some big $ due to such bugs??



Should have pressed "Sell"
From the Advanced Placement page:
"STOP
Your order is executed when the market price is higher (buying), lower (selling) or equal than your specified price."

You did indeed ask for it.

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
mobodick
Hero Member
*****
Offline Offline

Activity: 826



View Profile
January 11, 2012, 09:30:14 PM
 #63


Please make this relation/algorithm PUBIC!.
This will make sure everyone knows the risks.
The risk comes not from the leverage but from the non-stability in your algorithm!
It resonates too much.


sorry, i couldn't let this one go. Cheesy

This is absolutely ludicrous.  It's the same as asking someone to write you a trade bot for free, then explain how you wrote it.

But if you don't know the relation between the price at bitcoinica and the rest of bitcoinland then how can you be sure that bitcoinica doesnt have a secret 'flush' button that can be used to tip risky positions over the edge. Maybe at times there is no relation at all to the bitcoin price on the exchanges. How can you know?

zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
January 11, 2012, 10:12:57 PM
 #64

Geez... okay a stoploss is an 'order type'.. wonderful.

But check this out. It's broken and just lost me money!

http://awesomescreenshot.com/092rrbs6e

I selected Order Type of Trailing Stop, read the instructions, set a price of 5.6 (below the current price of about 6.85) then pressed Buy .. then tried it again for a traling stop at $6.3

It EXECUTED this as a BUY transaction AT MARKET!!  I now have 20 BTC purchased at 6.93 which I did not ask for. 

Looks like a very serious bug, has anyone tested this code before releasing it on a public who could lose some big $ due to such bugs??



Buy trading stop below market price should be executed at market. Even the feature is not broken, it should still be executed.

Trailing stops and stops are the same in terms of execution. Just that trailing stop is trailing, which doesn't work very well at the moment.

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

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
January 11, 2012, 10:17:33 PM
 #65


Please make this relation/algorithm PUBIC!.
This will make sure everyone knows the risks.
The risk comes not from the leverage but from the non-stability in your algorithm!
It resonates too much.


sorry, i couldn't let this one go. Cheesy

This is absolutely ludicrous.  It's the same as asking someone to write you a trade bot for free, then explain how you wrote it.

But if you don't know the relation between the price at bitcoinica and the rest of bitcoinland then how can you be sure that bitcoinica doesnt have a secret 'flush' button that can be used to tip risky positions over the edge. Maybe at times there is no relation at all to the bitcoin price on the exchanges. How can you know?



We release history price points via both API and charts. Go and see yourself regarding price accuracy.

Actually all forex brokers have these issues, and some of them are evil enough to manipulate prices to trigger stops. But Bitcoinica doesn't take positions into account during price generation. Again, you can check price history and compare with Mt. Gox.

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

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

Activity: 826



View Profile
January 11, 2012, 11:20:53 PM
 #66


Please make this relation/algorithm PUBIC!.
This will make sure everyone knows the risks.
The risk comes not from the leverage but from the non-stability in your algorithm!
It resonates too much.


sorry, i couldn't let this one go. Cheesy

This is absolutely ludicrous.  It's the same as asking someone to write you a trade bot for free, then explain how you wrote it.

But if you don't know the relation between the price at bitcoinica and the rest of bitcoinland then how can you be sure that bitcoinica doesnt have a secret 'flush' button that can be used to tip risky positions over the edge. Maybe at times there is no relation at all to the bitcoin price on the exchanges. How can you know?



We release history price points via both API and charts. Go and see yourself regarding price accuracy.

Actually all forex brokers have these issues, and some of them are evil enough to manipulate prices to trigger stops. But Bitcoinica doesn't take positions into account during price generation. Again, you can check price history and compare with Mt. Gox.

Yeah, well, what happened here then?:
http://charts.bitcoinica.com/daily_quotes?date=2012-01-10
I'm guessing lots of positions got wiped by that spike.
The spread was about 1 bitcoin during this spike.
Completely out of nowhere.
I think your algorithm overreacted to the big buy on mtgox.
sgbett
Legendary
*
Offline Offline

Activity: 1330



View Profile
January 11, 2012, 11:49:24 PM
 #67

same thing that happened here.

http://bitcoincharts.com/charts/mtgoxUSD#rg1zig5-minzczsg2012-01-11zeg2012-01-11ztgSzm1g10zm2g25

bitcoinica was a few cents either side of gox - ironically this was during the 'zero spreads' offer, so I would suspect less people were liquidated than under normal circumstances.

The market was played by some big player(s). Gox, bitcoinica et al had nothing to do with it.

http://haschinabannedbitcoin.com
Full Node: http://46.51.193.129 (BU)
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
January 12, 2012, 04:37:07 AM
 #68


Please make this relation/algorithm PUBIC!.
This will make sure everyone knows the risks.
The risk comes not from the leverage but from the non-stability in your algorithm!
It resonates too much.


sorry, i couldn't let this one go. Cheesy

This is absolutely ludicrous.  It's the same as asking someone to write you a trade bot for free, then explain how you wrote it.

But if you don't know the relation between the price at bitcoinica and the rest of bitcoinland then how can you be sure that bitcoinica doesnt have a secret 'flush' button that can be used to tip risky positions over the edge. Maybe at times there is no relation at all to the bitcoin price on the exchanges. How can you know?



We release history price points via both API and charts. Go and see yourself regarding price accuracy.

Actually all forex brokers have these issues, and some of them are evil enough to manipulate prices to trigger stops. But Bitcoinica doesn't take positions into account during price generation. Again, you can check price history and compare with Mt. Gox.

Yeah, well, what happened here then?:
http://charts.bitcoinica.com/daily_quotes?date=2012-01-10
I'm guessing lots of positions got wiped by that spike.
The spread was about 1 bitcoin during this spike.
Completely out of nowhere.
I think your algorithm overreacted to the big buy on mtgox.


No overreaction. Mt. Gox was the same.

Not many people are liquidated according to my records.

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

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

Activity: 826



View Profile
January 12, 2012, 05:43:50 AM
 #69


Please make this relation/algorithm PUBIC!.
This will make sure everyone knows the risks.
The risk comes not from the leverage but from the non-stability in your algorithm!
It resonates too much.


sorry, i couldn't let this one go. Cheesy

This is absolutely ludicrous.  It's the same as asking someone to write you a trade bot for free, then explain how you wrote it.

But if you don't know the relation between the price at bitcoinica and the rest of bitcoinland then how can you be sure that bitcoinica doesnt have a secret 'flush' button that can be used to tip risky positions over the edge. Maybe at times there is no relation at all to the bitcoin price on the exchanges. How can you know?



We release history price points via both API and charts. Go and see yourself regarding price accuracy.

Actually all forex brokers have these issues, and some of them are evil enough to manipulate prices to trigger stops. But Bitcoinica doesn't take positions into account during price generation. Again, you can check price history and compare with Mt. Gox.

Yeah, well, what happened here then?:
http://charts.bitcoinica.com/daily_quotes?date=2012-01-10
I'm guessing lots of positions got wiped by that spike.
The spread was about 1 bitcoin during this spike.
Completely out of nowhere.
I think your algorithm overreacted to the big buy on mtgox.


No overreaction. Mt. Gox was the same.
Not exactly:
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2012-01-11zeg2012-01-11ztgCzm1g10zm2g25zv

Notice that around 6:00am the price of mtgox is neither below six nor around 7.
At the same time bitcoinica fluctuated wildly.
So pretty big difference!

Quote
Not many people are liquidated according to my records.

That's good to hear.
zhoutong
VIP
Hero Member
*
Offline Offline

Activity: 490


View Profile WWW
January 12, 2012, 07:13:33 AM
 #70


Please make this relation/algorithm PUBIC!.
This will make sure everyone knows the risks.
The risk comes not from the leverage but from the non-stability in your algorithm!
It resonates too much.


sorry, i couldn't let this one go. Cheesy

This is absolutely ludicrous.  It's the same as asking someone to write you a trade bot for free, then explain how you wrote it.

But if you don't know the relation between the price at bitcoinica and the rest of bitcoinland then how can you be sure that bitcoinica doesnt have a secret 'flush' button that can be used to tip risky positions over the edge. Maybe at times there is no relation at all to the bitcoin price on the exchanges. How can you know?



We release history price points via both API and charts. Go and see yourself regarding price accuracy.

Actually all forex brokers have these issues, and some of them are evil enough to manipulate prices to trigger stops. But Bitcoinica doesn't take positions into account during price generation. Again, you can check price history and compare with Mt. Gox.

Yeah, well, what happened here then?:
http://charts.bitcoinica.com/daily_quotes?date=2012-01-10
I'm guessing lots of positions got wiped by that spike.
The spread was about 1 bitcoin during this spike.
Completely out of nowhere.
I think your algorithm overreacted to the big buy on mtgox.


No overreaction. Mt. Gox was the same.
Not exactly:
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2012-01-11zeg2012-01-11ztgCzm1g10zm2g25zv

Notice that around 6:00am the price of mtgox is neither below six nor around 7.
At the same time bitcoinica fluctuated wildly.
So pretty big difference!

Quote
Not many people are liquidated according to my records.

That's good to hear.


Bitcoinica range: 5.97-6.93
Mt. Gox range: 6.01-6.90

Just 4 cents, or 0.66%, including all fees and 50 ฿ depth. Which site is cheaper?

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

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
Otoh
Donator
Legendary
*
Offline Offline

Activity: 1918



View Profile
January 12, 2012, 05:11:55 PM
 #71

Request to Khou, could you implement Yubi keys or some other form of secondary verification on Bitcoinica pse, even an opt in drop down input of 3 chars from a long memorable phrase would be good

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
Pages: « 1 2 3 [4]  All
  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!