Bitcoinica No Spread Charged for the next 12 hours. - page 4.

zhoutong

vip

Activity: 490

Merit: 502

Quote from: sgbett on January 09, 2012, 12:11:57 PM

I'm pretty sure you right! I think I just watched you take a dump all over the market, it broke moody and goxlive!

Bitcoinica doesn't use the crappy API that Clark moody and Mt. Gox live use.

There's never anything wrong with the prices after the algorithm change.

sgbett

legendary

Activity: 2576

Merit: 1087

I'm pretty sure you right! I think I just watched you take a dump all over the market, it broke moody and goxlive!

zhoutong

vip

Activity: 490

Merit: 502

Quote from: sgbett on January 09, 2012, 12:07:35 PM

Bid at 4700BTC deep!

uh-oh!

I'm pretty sure that your Clark moody connection was broken. My data suggested otherwise.

sgbett

legendary

Activity: 2576

Merit: 1087

Bid at 4700BTC deep!

uh-oh!

zhoutong

vip

Activity: 490

Merit: 502

Quote from: sgbett on January 09, 2012, 11:48:07 AM

Maybe I am missing something but the bid price on bitcoinica is 6.27

The bid price in gox is 6.42

Now I understand you have this guaranteed liquidity of 50BTC but down at 6.4 you have got 94BTC

At 6.27 BTC depth was over 1300 ??

This is just an example, it was like that on the way up too (about 20 mins ago)

I'm not stupid, I know your game is rigged against me but when you come and tell me your spreads are matching gox, you need to explain what that means, because right now it doesn't seem to mean 'your spreads are matching gox'

It's very likely that someone has placed a large sell order on Bitcoinica. Then we can't guarantee the liquidity at better prices. Also, delays might be an issue too.

sgbett

legendary

Activity: 2576

Merit: 1087

I don't know the delay, you are right, but clark moody seems to correlate pretty tightly with mtgoxlive ime. (Both of which seem to be a fair indicator of real-time price).

I expect a bit of slippage. I also expect things to be a bit skewed in zhou's favour, maybe for his bid/ask to be 100 or 200 deep in the goxlive prices...

Unless of course all 1300 BTC on the bid side happen to be bitcoinica's ?

sgbett

legendary

Activity: 2576

Merit: 1087

Maybe I am missing something but the bid price on bitcoinica is 6.27

The bid price in gox is 6.42

Now I understand you have this guaranteed liquidity of 50BTC but down at 6.4 you have got 94BTC

At 6.27 BTC depth was over 1300 ??

This is just an example, it was like that on the way up too (about 20 mins ago)

I'm not stupid, I know your game is rigged against me but when you come and tell me your spreads are matching gox, you need to explain what that means, because right now it doesn't seem to mean 'your spreads are matching gox'

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Littleshop on January 09, 2012, 10:04:02 AM

Quote from: zhoutong on January 09, 2012, 09:52:31 AM

We have reached 2,000-user mark. To celebrate, we're glad to announce that we won't charge any extra spreads on top of market spreads in the next 12 hours.

Starting: January 9, 2012 2:00 pm UTC
Ending: January 10, 2012 2:00 am UTC

We are paying all Mt. Gox fees incurred during this celebration. You just have to trade at the price that provides you enough liquidity!

Our largest 24-hour volume ever was over 200,000 BTC. Let's see how much we can trade today! Enjoy your trading!

By the way, if you still don't have an account yet, grab one at https://www.bitcoinica.com before time runs out.

UPDATE: It has already started! 12 hours 3 minutes and counting...

Yea, unfortunately you forced liquidated me for a price that was lower then what really occurred in the market two hours ago. Basically the way you have the site set up one large trade (that forces an unrealistic price due to your much larger then normal spreads) positions that would survive in a real market do not in yours. I only had a 3 BTC position, but I do not think I will be coming back while you are treating spikes this way.

Zhoutonged!

zhoutong

vip

Activity: 490

Merit: 502

Quote from: Littleshop on January 09, 2012, 10:04:02 AM

Quote from: zhoutong on January 09, 2012, 09:52:31 AM

We have reached 2,000-user mark. To celebrate, we're glad to announce that we won't charge any extra spreads on top of market spreads in the next 12 hours.

Starting: January 9, 2012 2:00 pm UTC
Ending: January 10, 2012 2:00 am UTC

We are paying all Mt. Gox fees incurred during this celebration. You just have to trade at the price that provides you enough liquidity!

Our largest 24-hour volume ever was over 200,000 BTC. Let's see how much we can trade today! Enjoy your trading!

By the way, if you still don't have an account yet, grab one at https://www.bitcoinica.com before time runs out.

UPDATE: It has already started! 12 hours 3 minutes and counting...

Yea, unfortunately you forced liquidated me for a price that was lower then what really occurred in the market two hours ago. Basically the way you have the site set up one large trade (that forces an unrealistic price due to your much larger then normal spreads) positions that would survive in a real market do not in yours. I only had a 3 BTC position, but I do not think I will be coming back while you are treating spikes this way.

The lowest price ever tracked today is only 4 cents, or 0.66% lower than the Mt. Gox low. I believe that unreasonable forced liquidations shouldn't happen again after the last algorithm change.

Littleshop

legendary

Activity: 1386

Merit: 1003

Quote from: zhoutong on January 09, 2012, 09:52:31 AM

We have reached 2,000-user mark. To celebrate, we're glad to announce that we won't charge any extra spreads on top of market spreads in the next 12 hours.

Starting: January 9, 2012 2:00 pm UTC
Ending: January 10, 2012 2:00 am UTC

We are paying all Mt. Gox fees incurred during this celebration. You just have to trade at the price that provides you enough liquidity!

Our largest 24-hour volume ever was over 200,000 BTC. Let's see how much we can trade today! Enjoy your trading!

By the way, if you still don't have an account yet, grab one at https://www.bitcoinica.com before time runs out.

UPDATE: It has already started! 12 hours 3 minutes and counting...

Yea, unfortunately you forced liquidated me for a price that was lower then what really occurred in the market two hours ago. Basically the way you have the site set up one large trade (that forces an unrealistic price due to your much larger then normal spreads) positions that would survive in a real market do not in yours. I only had a 3 BTC position, but I do not think I will be coming back while you are treating spikes this way.

zhoutong

vip

Activity: 490

Merit: 502

We have reached 2,000-user mark. To celebrate, we're glad to announce that we won't charge any extra spreads on top of market spreads in the next 12 hours.

Starting: January 9, 2012 2:00 pm UTC
Ending: January 10, 2012 2:00 am UTC

We are paying all Mt. Gox fees incurred during this celebration. You just have to trade at the price that provides you enough liquidity!

Our largest 24-hour volume ever was over 200,000 BTC. Let's see how much we can trade today! Enjoy your trading!

By the way, if you still don't have an account yet, grab one at https://www.bitcoinica.com before time runs out.

UPDATE: It has already started! 12 hours 3 minutes and counting...

Topic: Bitcoinica No Spread Charged for the next 12 hours. - page 4. (Read 4985 times)