Clash of the Titans

[Vandroiy]

Never seen a misclick-panic before?

They always remind me to check I'm using the correct sell/buy box on Gox, they look so similar. Some people panic after they mis-click and do the opposite move instantly afterwards.

Or they really want to trigger Bitcoinica. these only go one way though, if I understand correctly, because it's a bucket shop if it can be. Can't say what kinds of exploits exist for certain though, I don't use Bitcoinica.

[Cluster2k]

Whatever happens, MtGox wins.  Every bout of volatility is a gold mine for them through fees.  A thin market with no action is what MtGox doesn't want.

[cypherdoc]

Something like that is likely to result in a Double-Zhoutonging!!!  Could open a rift in the Satoshi-time continuum.

everyone has to say this at least once in their lifetime here on the Forum.

it just rolls off your tong.

[bitcoinBull]

Whatever happens, MtGox wins.  Every bout of volatility is a gold mine for them through fees.  A thin market with no action is what MtGox doesn't want.

But during sideways movements with lots of trading and a high spread, its the market makers who are raking it in.

[cypherdoc]

Whatever happens, MtGox wins.  Every bout of volatility is a gold mine for them through fees.  A thin market with no action is what MtGox doesn't want.

But during sideways movements with lots of trading and a high spread, its the market makers who are raking it in.

this.

it seems to me that by looking at Zhou's spreads, you can tell which way the book is stacked up.  if the mtgox price is say $6 and the spreads at Bitcoinica are $5.95 and $6.10, wouldn't that be reflective of a higher number of buy limit orders vs. seller limit orders?

[Crypt_Current]

Whatever happens, MtGox wins.  Every bout of volatility is a gold mine for them through fees.  A thin market with no action is what MtGox doesn't want.

But during sideways movements with lots of trading and a high spread, its the market makers who are raking it in.

this.

it seems to me that by looking at Zhou's spreads, you can tell which way the book is stacked up.  if the mtgox price is say $6 and the spreads at Bitcoinica are $5.95 and $6.10, wouldn't that be reflective of a higher number of buy limit orders vs. seller limit orders?

Like right now, when the difference between Gox and Bitcoinica's market sell is $0.05, but the difference between Gox and Bitcoinica market buy is $0.08 (and an occasional asterisk)...
Fucking ingenious IMO.  I can't wait to get the resources to provide competition for Bitcoinica.

[zby]

Whatever happens, MtGox wins.  Every bout of volatility is a gold mine for them through fees.  A thin market with no action is what MtGox doesn't want.

But during sideways movements with lots of trading and a high spread, its the market makers who are raking it in.

this.

it seems to me that by looking at Zhou's spreads, you can tell which way the book is stacked up.  if the mtgox price is say $6 and the spreads at Bitcoinica are $5.95 and $6.10, wouldn't that be reflective of a higher number of buy limit orders vs. seller limit orders?

From what I've seen Zhou executes the limit orders at his price - that is with margin, he does not put those orders directly on MtGox - but rather he waits until matching orders are stacked there.