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Vandroiy (OP)
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August 05, 2012, 10:37:47 PM
Last edit: August 05, 2012, 10:53:44 PM by Vandroiy
 #1

Is it just me, or are we having an unusual amount of sudden price spikes lately?

Like the one just now -- we've been having decent volume, nothing spectacular, with last price is around 10.4, then suddenly someone buys up to 11.3.

It's just a single order usually. Last price is now back to 10.7, and it happened just moments ago.

Note how we had a down-spike of similar size today, so it doesn't only go one way.
smoothie
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August 05, 2012, 10:51:31 PM
 #2

SPIKES = MTGOX Servers CRASH

 Roll Eyes Roll Eyes Roll Eyes

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finkleshnorts
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August 05, 2012, 10:56:14 PM
 #3

SPIKES = MTGOX Servers CRASH

 Roll Eyes Roll Eyes Roll Eyes

jesus you are annoying.


@Vandroiy
If I had the balls to be daytrading right now, It'd be pretty easy to siphon off these huge swings. I'm done buying bitcoins atm. I don't like what I don't understand, and I don't understand this market right now.
Hexadecibel
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August 06, 2012, 12:52:48 AM
 #4

Quote
jesus you are annoying.

Half the forum has him ignored for a reason.
mc_lovin
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August 06, 2012, 12:54:30 AM
 #5

It's pirate!
smoothie
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August 06, 2012, 12:55:32 AM
 #6

Quote
jesus you are annoying.

Half the forum has him ignored for a reason.

Yes all 13 users have me on ignore. lol

Small forum I guess we have here huh or you're blind.  Roll Eyes

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ElectricMucus
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August 06, 2012, 12:56:24 AM
 #7

@smoothie +

 Cheesy
niko
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August 06, 2012, 01:13:18 AM
 #8

Robots gone mad? Someone trying to drive them mad?

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
EnergyVampire
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August 06, 2012, 02:43:27 AM
 #9

Robots gone mad? Someone trying to drive them mad?

LOL, MtGox's Front Running bot?  Cheesy

dree12
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August 06, 2012, 02:50:44 AM
 #10

Robots gone mad? Someone trying to drive them mad?

LOL, MtGox's Front Running bot?  Cheesy
I wouldn't be surprised if Mt. Gox ran bots. Not as "volume-increasing", because that is unlikely to come at Mt. Gox's profit (too much risk). Last year, we had many situations where a bidwall was so close to an askwall that Mt. Gox would earn money if it sold/bought into both (due to commission). This year, these tête-à-tête walls have not yet been seen. Maybe these spikes are caused due to a asynchrony between Mt. Gox's matching algorithm and its liquidity-reducing bot.
Bigpiggy01
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August 06, 2012, 05:44:42 AM
 #11

Market depth is atm pretty much non existent unless you want insane slippage so spikes are a very natural part of this kind of situation.

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BoardGameCoin
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August 06, 2012, 06:56:12 AM
 #12

Market depth is atm pretty much non existent unless you want insane slippage so spikes are a very natural part of this kind of situation.

+1

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August 06, 2012, 08:05:51 AM
 #13

Robots gone mad? Someone trying to drive them mad?

LOL, MtGox's Front Running bot?  Cheesy
I wouldn't be surprised if Mt. Gox ran bots. Not as "volume-increasing", because that is unlikely to come at Mt. Gox's profit (too much risk). Last year, we had many situations where a bidwall was so close to an askwall that Mt. Gox would earn money if it sold/bought into both (due to commission). This year, these tête-à-tête walls have not yet been seen. Maybe these spikes are caused due to a asynchrony between Mt. Gox's matching algorithm and its liquidity-reducing bot.

Well my order has been "pending" for 10 minutes now. I can't even buy a single bitcoin. Mt Gox needs to look into this, maybe beef up their computers so they can handle this many orders.

Edit: It finally went through, took 12 minutes lol
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August 06, 2012, 02:46:08 PM
 #14

Market depth is atm pretty much non existent unless you want insane slippage so spikes are a very natural part of this kind of situation.

+1

I didn't look carefully into it, but I feel that volume traded during spikes is significantly lower than what was available in the order book moments before, implying that many orders are automatically cancelled, and were there just for display.
Has anyone looked into this? "The wall observer" thread is too slow for this purpose.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
Yuhfhrh
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August 06, 2012, 02:51:49 PM
 #15

Market depth is atm pretty much non existent unless you want insane slippage so spikes are a very natural part of this kind of situation.

+1

I didn't look carefully into it, but I feel that volume traded during spikes is significantly lower than what was available in the order book moments before, implying that many orders are automatically cancelled, and were there just for display.
Has anyone looked into this? "The wall observer" thread is too slow for this purpose.

I'm pretty sure that less than 10% of the orders are automatically canceled, because the volume traded has been matching the spikes pretty close. I have been watching closely these past few days.
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