Wall Observer - MtGoxUSD wall movement tracker

[bzzard]

Don't gox us bro!

[oakpacific]

There are a huge amount of cold storage coins coming out and probably being thrown into the lava at Mt Gox.

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

well, i tried to market sell some bitcoins on mtgox and they've been sitting there for 10 minutes

ok, after i wrote this i went and relisted it as a sell at $1 and it sold for 45

it was $46.85 or something like that when i initially put it in as a market sell

Gox hardly refreshes their latest price quote, by the time you issue the order the bid you saw could have been long gone.

[samson]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

[poly]

Oh god.. I've being sick for a few days. What did I miss  :o

[Enigma81]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

That's it.  I'm done with Gox.  Where should I go?  Between forcing me into dealing with another entity (CoinLab) and now having their Commodore 64 overloaded and unresponsive, I'm done.  I've got a market sell order for 1 coin and another coin ASK at 42.00.  Neither will execute, and I don't even see my 42 ASK on the order book.  That's horse shit.

I'll move my coins to a different exchange by tomorrow - Just have to figure out where.

Enigma

[oakpacific]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

[Enigma81]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

I think they should invest in the infrastructure needed to supports bot activities.  They make a few bitcents off of the operation..

[zvs]

There are a huge amount of cold storage coins coming out and probably being thrown into the lava at Mt Gox.

http://blockchain.info/charts/bitcoin-days-destroyed-min-year?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

well, i tried to market sell some bitcoins on mtgox and they've been sitting there for 10 minutes

ok, after i wrote this i went and relisted it as a sell at $1 and it sold for 45

it was $46.85 or something like that when i initially put it in as a market sell

Gox hardly refreshes their latest price quote, by the time you issue the order the bid you saw could have been long gone.

it was a market sell, that's supposed to be executed immediately

it wasn't

i removed it after 10 minutes (this was an hour ago, or so)

then i put in a sell order at $1

and that went through after about 5 seconds

but perhaps it was just my market order finally completing, even though i had removed it already

[uhoh]

hopefully bitstamp will take over the reigns, that site is fantastic. best european exchange by far

[oakpacific]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

I think they should invest in the infrastructure needed to supports bot activities.  They make a few bitcents off of the operation..

But to delay real human orders for multiple 0.01 BTC bot orders is just stupid, they should still limit such activities.

[Enigma81]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

I think they should invest in the infrastructure needed to supports bot activities.  They make a few bitcents off of the operation..

But to delay real human orders for multiple 0.01 BTC bot orders is just stupid, they should still limit such activities.

We'll have to agree to disagree on that point.  Isn't some 'organization' being allowed to 'limit activities' exactly what BTC aims to prevent?  Why don't we limit your trading activity since it might delay mine?  If a person wants to trade .01BTC, should we delay that order because it looks like its probably a bot?

Is there really something wrong with expecting Gox to keep up with their trade volume?  Are they on that much of a shoestring budget?

Enigma

[samson]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

That's it.  I'm done with Gox.  Where should I go?  Between forcing me into dealing with another entity (CoinLab) and now having their Commodore 64 overloaded and unresponsive, I'm done.  I've got a market sell order for 1 coin and another coin ASK at 42.00.  Neither will execute, and I don't even see my 42 ASK on the order book.  That's horse shit.

I'll move my coins to a different exchange by tomorrow - Just have to figure out where.

Enigma

I wrote a small php program to parse the buy/sell orders on gox to show me the current market at times when the Clark Moody webpage is having problems connecting to the mtgox websocket service.

This program is now not showing all the bids which means the data sent by gox is incorrect and incomplete - right now it only shows bids going down to $44.20298, after that there's nothing there.

[zby]

At least the delays prevent crazy crashes.

[oakpacific]

Something is very wrong with MtGox, it's a bit much when you can't even add a sell order at the current price.

They should do some serious upgrading of their equipment or risk another exchange with higher capacity replacing them.

I think they should limit bot activities, but they have no incentive to do that.

I think they should invest in the infrastructure needed to supports bot activities.  They make a few bitcents off of the operation..

But to delay real human orders for multiple 0.01 BTC bot orders is just stupid, they should still limit such activities.

We'll have to agree to disagree on that point.  Isn't some 'organization' being allowed to 'limit activities' exactly what BTC aims to prevent?  Why don't we limit your trading activity since it might delay mine?  If a person wants to trade .01BTC, should we delay that order because it looks like its probably a bot?

Is there really something wrong with expecting Gox to keep up with their trade volume?  Are they on that much of a shoestring budget?

Enigma

You could just give every IP address a quota, rather than outright ban bot activities, there is no reason someone could issue 10000 orders per hour while all others have to settle with 10 orders or something, it's quite simple: if your number of orders per a certain time duration exceeds a certain number, your order is given a low priority, I think it's fair enough.

About hardware upgrade: if we want to find excuses for them, one could be that bitcoin trades 24*7, so it's harder for them to upgrade than the stock exchanges.

[samson]

At least the delays prevent crazy crashes.

You know I was thinking the same.

Then I thought that this could have been deliberate move in order to stall / prevent a crazy crash.

Kind of like when trading is suspended in a stock on one of the stock exchanges.

[Patrick||Rodgers]

Operation Broken Candle!!!

[lebing]

Another attempt to call the top



And in the end, its just more bear tears poured into the bitcoin beer bong

[Bowjob]

Adam, are you still a bear or not?

[Liquid]

[pinger]

Who said google trends doesn't say nothing about the bitcoin price?

http://www.google.com/trends/explore#q=%22sell%20bitcoins%22%2C%20%22buy%20bitcoins%22&cmpt=q