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humanitee
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July 09, 2012, 05:58:06 PM |
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2 years seems like a long time to have broken code executing your operation. Great job Gox!
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Math Man
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July 09, 2012, 07:06:52 PM |
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 This is odd. MtGox reported $7+ for a while, but there really wasn't any change in volume. I think something isn't working right, or almost all the asks were removed and somebody bought anyway, or some combination. I've see this frequently the past 3 weeks. The last price on the mtgox website is higher than anything reported on mtgoxlive or bitcoin charts. It must be a glitch. |
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ineededausername
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July 09, 2012, 07:13:28 PM |
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This is odd. MtGox reported $7+ for a while, but there really wasn't any change in volume. I think something isn't working right, or almost all the asks were removed and somebody bought anyway, or some combination. I've see this frequently the past 3 weeks. The last price on the mtgox website is higher than anything reported on mtgoxlive or bitcoin charts. It must be a glitch. Trades on non-USD markets are converted to USD and included in the homepage stats, but Gox charges a currency exchange fee, increasing the price for buys on those markets. |
(BFL)^2 < 0
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 09, 2012, 08:41:04 PM |
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 quick update, bitcoin is looking bullish at 6 point crazy! |
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ineededausername
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July 09, 2012, 08:59:23 PM |
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quick update, bitcoin is looking bullish at 6 point crazy! bitcoin is going to 8 point crazy soon  |
(BFL)^2 < 0
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ineededausername
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July 09, 2012, 09:31:56 PM |
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wall down, rally time! 8614 BTC to $7
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(BFL)^2 < 0
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cypherdoc
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Merit: 1002
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July 09, 2012, 09:32:52 PM |
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wall down, rally time! 8614 BTC to $7
what a bunch of wimps. |
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Spekulatius
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Activity: 1022
Merit: 1000
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July 09, 2012, 09:47:23 PM |
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Yaya, last time they did this, we broke 6.8$ and I thought all go, but then they brought the wall back up and I plummeted with my 6.81 base priced coins back in the 6.6-6.7$ range. I wont call it, before we have not broke 7.0$ (and then still be suspicious until we get past this years high of 7.2something $).
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bitcoinBull
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rippleFanatic
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July 09, 2012, 09:52:55 PM |
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I started writing a trading bot a few weeks ago. Gox sends me garbage quite often, buys/asks in the $4.00 - $24.00 range. Maybe that influenced the header. I've always wondered what's going on, but could find nothing on these boards explaining it.
That's not garbage, just quotes far from the mid-price. And the wall is down because of sustained, heavy buying pressure. Each time this happens, its less likely that it goes back up. More likely, a bid wall goes up and the asks shift higher, gapping the price up. |
College of Bucking Bulls Knowledge
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ineededausername
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July 09, 2012, 09:54:49 PM |
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We just broke $7, hitting a high of $7.04  |
(BFL)^2 < 0
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humanitee
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July 09, 2012, 10:06:49 PM |
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I started writing a trading bot a few weeks ago. Gox sends me garbage quite often, buys/asks in the $4.00 - $24.00 range. Maybe that influenced the header. I've always wondered what's going on, but could find nothing on these boards explaining it.
That's not garbage, just quotes far from the mid-price. And the wall is down because of sustained, heavy buying pressure. Each time this happens, its less likely that it goes back up. More likely, a bid wall goes up and the asks shift higher, gapping the price up. I thought that if you placed an order it just matched you with the closest available buy/ask? Who's buying bitcoins for $24 a piece and why? |
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
█▄ ▀█ ██ █ ▄███ ██████ ███
█████ █ ██ ███ █ ████ ████ ▄ ███
█▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██
████████████████████████████████████████ |
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| Whitepaper
Medium
Reddit
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teflone
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July 09, 2012, 10:10:10 PM |
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Someone document this wall right now.. its epic!! quick! grab a screen cap
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proudhon
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July 09, 2012, 10:29:55 PM |
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Did the ask walls get bought or were they removed?
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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teflone
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July 09, 2012, 10:30:50 PM |
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Did the ask walls get bought or were they removed?
They are being shuffled around.. its neat.. |
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bitcoinBull
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rippleFanatic
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July 09, 2012, 10:31:12 PM |
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I thought that if you placed an order it just matched you with the closest available buy/ask? Who's buying bitcoins for $24 a piece and why?
Market orders are matched and executed, they're broadcasted as trades. Everything else are limit orders, quotes (bids and asks) that go somewhere on each side of the limit order book (LOB). Quotes can be added or removed. The ones far from the mid-price are wishful thinking and never executed. There's probably a few asks for coins at a million dollars and a few bids for coins at 1 cent. The only time they got executed was last year in the hack, when phantom coins were sold-off in one market order pushing the price to $0.01. There was a guy on the forums claiming he had the bid for a few thousand at $0.01. He never got them of course, since the trade was rolled-back. |
College of Bucking Bulls Knowledge
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Spekulatius
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July 09, 2012, 10:31:57 PM |
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Nobody cared to take a screen shot??? Ok,ok here it is:  15 minutes ago |
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Spekulatius
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July 09, 2012, 10:32:36 PM |
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Just now:  |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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July 09, 2012, 10:33:34 PM |
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Did the ask walls get bought or were they removed?
They are being shuffled around.. its neat.. Hmm, looks like a significant portion of the asks up to $7 got bought.  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Spekulatius
Legendary
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Merit: 1000
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July 09, 2012, 10:34:12 PM |
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Did the ask walls get bought or were they removed?
They were bought up, compare with historic volume on bitcoincharts.com it matches perfectly. |
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teflone
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July 09, 2012, 10:35:06 PM |
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yup, the buy up to 7 was organic..
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