samson
Legendary
Offline
Activity: 2097
Merit: 1070
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March 25, 2013, 09:27:00 PM |
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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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giszmo
Legendary
Offline
Activity: 1862
Merit: 1114
WalletScrutiny.com
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March 25, 2013, 09:28:34 PM |
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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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ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology) WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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giszmo
Legendary
Offline
Activity: 1862
Merit: 1114
WalletScrutiny.com
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March 25, 2013, 09:31:17 PM |
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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($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?
I wonder how many of these bots are run by MtGox themselves ? Ok, so if MtGox reports a market depth of X and that my Y dollars will buy me Z bitcoins and if I place a buy order and magically the market depth changes while my huge order is being processed, wouldn't that be a proof of MtGox cheating? I mean when I place my order out of the blue and not into a busy trading moment?
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ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology) WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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labestiol
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March 25, 2013, 10:22:08 PM |
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Yup, someone just put a ~1.5M$ wall at 51$ (28kBTC)
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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mccorvic
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March 25, 2013, 10:25:44 PM |
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Yup, someone just put a ~1.5M$ wall at 51$ (28kBTC)
Someone is really hopeful, ain't they?
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 25, 2013, 10:28:15 PM |
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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...
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mccorvic
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March 25, 2013, 10:30:34 PM |
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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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zoinky
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March 25, 2013, 10:44:03 PM |
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This week shall be interesting.
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giszmo
Legendary
Offline
Activity: 1862
Merit: 1114
WalletScrutiny.com
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March 25, 2013, 10:44:54 PM |
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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.
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ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology) WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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ineededausername
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March 25, 2013, 10:49:02 PM |
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This week shall be interesting.
which week wasn't?
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(BFL)^2 < 0
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qwk
Donator
Legendary
Offline
Activity: 3542
Merit: 3413
Shitcoin Minimalist
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March 25, 2013, 10:49:38 PM |
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15k sell wall? Or glitch? Can't post pic on ipad.
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Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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zoinky
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March 25, 2013, 10:51:35 PM |
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ineededausername
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March 25, 2013, 10:53:14 PM |
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looks like someone's looking to get bought out...
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(BFL)^2 < 0
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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March 25, 2013, 10:58:33 PM |
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Alright! A proper sell wall. I think the top is finally in!
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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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ineededausername
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March 25, 2013, 10:59:57 PM |
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Alright! A proper sell wall. I think the top is finally in!
oh, you just jinxed the top!
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(BFL)^2 < 0
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zkay
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March 25, 2013, 11:00:17 PM |
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Alright! A proper sell wall. I think the top is finally in!
For reals? Sure seems quiet out there..
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The-Real-Link
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March 25, 2013, 11:11:24 PM |
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Lots of people sure seeming to be cashing out some pretty crazy profits today.
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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
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fcmatt
Legendary
Offline
Activity: 2072
Merit: 1001
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March 25, 2013, 11:17:02 PM |
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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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ineededausername
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March 25, 2013, 11:18:03 PM |
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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. well, whoever it is, they might run out of coins soon....
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(BFL)^2 < 0
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