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Author Topic: Is MtGox going crazy or manipulating?  (Read 2603 times)
caston
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June 01, 2012, 12:47:28 PM
 #21

Ahh this explains why my friend was so keen to sells bitcoins to me for the "mtgox last price" in AUD lol

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paraipan
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June 01, 2012, 12:58:02 PM
 #22

Ahh this explains why my friend was so keen to sells bitcoins to me for the "mtgox last price" in AUD lol

Awesome friend you got there  Undecided

EDIT: I use the 24h price for transacting http://bitcoincharts.com/markets/currencies/

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June 01, 2012, 01:05:31 PM
 #23

Any chance on an official statement from Gox?  This seems pretty important...

Official reply : No manipulations and good lord we are still sane... (I'm not insane, my mother had me tested). Now for the record and as far as we are concerned, a nice stable price keeps volume and revenue low.

But it didn't answer the question.

Did a trade execute > $5.18? 
If so then why didn't the high update to reflect it?
If not then why does "last" show $5.269?

What EXACTLY is the "last"?  Is it really the price the most recent trade executed?

And the real question is what did you do to fix this "glitch"?
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June 01, 2012, 01:14:07 PM
 #24



I think psy predicted the future.. you better hit the speculation section they will worship you!

poop!
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June 01, 2012, 01:21:13 PM
 #25

Obligatory Predictinator reference

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June 01, 2012, 01:39:00 PM
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with this and psy by my side I will be knee deep in bitcoin in no time!

poop!
Raoul Duke
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June 01, 2012, 03:49:48 PM
 #27

Just going to leave this here

1 hr ago


now


once again


Watch the Euro market on the rise gentlemen. I predicted it first, with the help of the MtGox Predictinator, remember!
lol

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June 01, 2012, 04:54:43 PM
 #28

Once again. The rocket's about to be launched



Go long, gentlemen. It can't go wrong. lol

Raoul Duke
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June 01, 2012, 08:36:52 PM
 #29

Follow my lead Grin


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June 02, 2012, 12:26:02 PM
 #30

Clark Moody shows value @$5.27+ on the 1st at 8PM.
http://bitcoin.clarkmoody.com/widget/chart/

It appears the feed is the only thing with a rising price.  Shocked
Don't worry, it's just a "glitch", we're sorry you noticed. Wink  Cheesy

They have all sorts of bugs and glitches. I converted $25 cash, in two transactions, to ⊅BTC @$5.115, I got ⊅7.25 total. Please don't reverse it or fix the glitches. Grin

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Herodes
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June 02, 2012, 10:17:27 PM
 #31

My guess is that it's just some coding error, and not some manipulation.

I would assume that on the mtGox website, the price is updated by ajax (ie. making calls to the server in the background, which only updates the price in the browser), so there might be some kind of error in that code, if it's not coherent with API data.

A 3rd party code review and more transparency would be a good idea. A technical detailed explanation of these 'glitches' would be a good idea.

Not sure if there's anyone else but Mark actually having access to the codebase itself.

There's been too many stories lately about late payments for larger amounts when withdrawn from mtGox. This may lead us to think that mtGox has money flow problems.

A 3rd part audit in that regard may also be a good idea.

As a final thought, there's other exchanges as well, and keeping a lot of funds on mtGox, well, it will be for every individual to decide if that's a good idea.


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