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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652608 times)
giszmo
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March 25, 2013, 09:23:05 PM
 #15581

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.

Maybe not a hard limit... just have dust orders pay a higher %.  High volume orders pay lower %.  This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.  But at the same time a lucrative dust bot could still operate.

MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?

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March 25, 2013, 09:27:00 PM
 #15582

MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?

I wonder how many of these bots are run by MtGox themselves ?
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March 25, 2013, 09:28:34 PM
 #15583

This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.

Pardon what? I mean I heard that a lot and it kind of went unchallenged all the time but could you please explain this?

So when I say I will buy at x for y, this will have to wait until maybe others buy at x for y before me but when I say I cancel my trade at x for y, I can overtake the queue? I mean how does that make sense?

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March 25, 2013, 09:31:17 PM
 #15584

MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?

I wonder how many of these bots are run by MtGox themselves ?

Ok, so if MtGox reports a market depth of X and that my Y dollars will buy me Z bitcoins and if I place a buy order and magically the market depth changes while my huge order is being processed, wouldn't that be a proof of MtGox cheating? I mean when I place my order out of the blue and not into a busy trading moment?

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March 25, 2013, 10:18:58 PM
 #15585



here it comes!

(BFL)^2 < 0
labestiol
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March 25, 2013, 10:22:08 PM
 #15586

Yup, someone just put a ~1.5M$ wall at 51$ (28kBTC)

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mccorvic
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March 25, 2013, 10:25:44 PM
 #15587

Yup, someone just put a ~1.5M$ wall at 51$ (28kBTC)

Someone is really hopeful, ain't they?

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Spaceman_Spiff
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March 25, 2013, 10:28:15 PM
 #15588

Yup, someone just put a ~1.5M$ wall at 51$ (28kBTC)

Someone is really hopeful, ain't they?

Or about to dump.  Scare walls work both ways...
mccorvic
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March 25, 2013, 10:30:34 PM
 #15589

Yup, someone just put a ~1.5M$ wall at 51$ (28kBTC)

Someone is really hopeful, ain't they?

Or about to dump.  Scare walls work both ways...

I am just reminded of last week when there was a $1mil wall at $30 for a long time then POW boom (think it was the one that pushed us over $50)

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March 25, 2013, 10:44:03 PM
 #15590

This week shall be interesting.
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March 25, 2013, 10:44:54 PM
 #15591



This is the money visible in the order book, right? $9.000.000 and 50.000Ƀ. Wow.

Edit: Is there a chart of SUM(bid)/SUM(ask) and the actual price in one chart? I mean people will use everything to get people bullish or bearish so even this will be manipulated but it would be nice to see how good an indicator it was in the past.

ineededausername
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March 25, 2013, 10:49:02 PM
 #15592

This week shall be interesting.

which week wasn't? Smiley

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qwk
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March 25, 2013, 10:49:38 PM
 #15593

15k sell wall? Or glitch?
Can't post pic on ipad.

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
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March 25, 2013, 10:51:35 PM
 #15594

ineededausername
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March 25, 2013, 10:53:14 PM
 #15595

looks like someone's looking to get bought out...

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proudhon
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March 25, 2013, 10:58:33 PM
 #15596

Alright!  A proper sell wall.  I think the top is finally in!
ineededausername
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March 25, 2013, 10:59:57 PM
 #15597

Alright!  A proper sell wall.  I think the top is finally in!

oh, you just jinxed the top!  Grin

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zkay
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March 25, 2013, 11:00:17 PM
 #15598

Alright!  A proper sell wall.  I think the top is finally in!

For reals?

Sure seems quiet out there..

Currently trying to learn ruby on rails - - coding is the future. The future is now.

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March 25, 2013, 11:11:24 PM
 #15599

Lots of people sure seeming to be cashing out some pretty crazy profits today.

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
fcmatt
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March 25, 2013, 11:17:02 PM
 #15600

Lots of people sure seeming to be cashing out some pretty crazy profits today.
Avalon i imagine. I was pleased to sell some at 76ish today.
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