BITSTAMP eXchange wall Observer. second biggest and best exchange - page 12.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: alexout on October 24, 2013, 07:40:03 AM

I dont get it. Im new at this :/

Under the buy/sell tab I saw a 300 bitcoin order for 210$ per when the price was lower. I hit the instant sell option and filled in the field to sell 5 btc and it showed 210$ as the price.

I went ahead and clicked sell, and then it said an open order was made to sell 5 btc at 210$.

Later I look and Ive sold 5 btc for the price of 189$! WTF??

Can someone please explain how this happened?

Thanks

Orders are not opened during the market order is going on, the order is "in progress" status.

Luzio

newbie

Activity: 51

Merit: 0

I was checking live on http://trading.i286.org/bitstamp/?item=btc¤cy=usd and i am talking about a minute after the order.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: Luzio on October 24, 2013, 07:38:45 AM

Quote from: MoreFun on October 24, 2013, 07:33:29 AM

Quote from: Luzio on October 24, 2013, 07:22:46 AM

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

So did you check the aks a minute after this spike? It was basically still 2k to 205. And Bitstamp gives me a connection timeout now.

Orderbook stays the same till the end of the market order (this is kind of new - less than a month).

alexout

full member

Activity: 256

Merit: 100

I dont get it. Im new at this :/

Under the buy/sell tab I saw a 300 bitcoin order for 210$ per when the price was lower. I hit the instant sell option and filled in the field to sell 5 btc and it showed 210$ as the price.

I went ahead and clicked sell, and then it said an open order was made to sell 5 btc at 210$.

Later I look and Ive sold 5 btc for the price of 189$! WTF??

Can someone please explain how this happened?

Thanks

Luzio

newbie

Activity: 51

Merit: 0

Quote from: MoreFun on October 24, 2013, 07:33:29 AM

Quote from: Luzio on October 24, 2013, 07:22:46 AM

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

So did you check the asks a minute after this spike? It was basically still 2k to 205. And Bitstamp gives me a connection timeout now.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: MoreFun on October 24, 2013, 07:33:29 AM

Quote from: Luzio on October 24, 2013, 07:22:46 AM

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

Yeah it's the large market orders with huge slippage that give problems. A 4k BTC wall can be eaten in one go without any lag but when there's a lot of slippage involved and many different orders have to be processed then the whole engine just lags up for a while.

beekeeper

sr. member

Activity: 406

Merit: 250

LTC

Quote from: Luzio on October 24, 2013, 07:34:07 AM

Yeah, no complaints at all about their support, withdrawals and deposits, it is great and smooth.

I agree

bitcoinmarketmaker

member

Activity: 89

Merit: 10

put me on speeddial#1

Quote from: MoreFun on October 24, 2013, 07:33:29 AM

Quote from: Luzio on October 24, 2013, 07:22:46 AM

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

+1

Luzio

newbie

Activity: 51

Merit: 0

Yeah, no complaints at all about their support, withdrawals and deposits, it is great and smooth.

TERA

hero member

Activity: 728

Merit: 500

I cannot trade on a highly volatile day when every other screen I get is a DDOS error and every other click freezes. I'm seriously thinking of moving my coins off there and onto btce until they release a new trading engine.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: Luzio on October 24, 2013, 07:22:46 AM

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

There was no error... just large slow market order.

bitcoinmarketmaker

member

Activity: 89

Merit: 10

put me on speeddial#1

Blame it on the engine.......maybe it is not the engine, but people's trading style and understanding of how things work !!! That 's what I have noticed quite often.

I applaud Bitstamp for the way how they have been dealing with hugely increased volume, their website, their fiat & btc withdrawals/deposits. Despite a huge increase in volume, for many months my international withdrawals, with no exception have been internally processed within 24 hours and in my bank accounts within 2-3 days.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Nemo1024 on October 24, 2013, 07:22:11 AM

Quote from: TERA on October 24, 2013, 07:18:01 AM

Basically if you took any action after the market order was triggered, you were screwed. I tried entering a sell order at 206, but no luck. Grin

Interesting. I wondered if I was just not fast enough selling into it, but it seems to be the engine issue.

Still, Bitstamp for me is the easiest place to execute SEPA transfers to move fiat in.

What about BTC-e? They allow SEPA deposits now at a 1% fee. SEPA withdrawals are kinda expensive though if you want to withdraw less than 5k.

Luzio

newbie

Activity: 51

Merit: 0

So there was a false rally because of this engine error, and traders at Gox decided to catch up to the same price level, what a mess.

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: TERA on October 24, 2013, 07:18:01 AM

Basically if you took any action after the market order was triggered, you were screwed. I tried entering a sell order at 206, but no luck. Grin

Interesting. I wondered if I was just not fast enough selling into it, but it seems to be the engine issue.

Still, Bitstamp for me is the easiest place to execute SEPA transfers to move fiat in.

Miz4r

legendary

Activity: 1246

Merit: 1000

Bitstamp's trading engine needs a serious upgrade, it can't handle big orders well.

TERA

hero member

Activity: 728

Merit: 500

Basically if you took any action after the market order was triggered, you were screwed. I tried entering a sell order at 206, but no luck. Grin

Luzio

newbie

Activity: 51

Merit: 0

Yeah, with the Silkroad crash same stuff happened. You basically see a different price than what the actual price is, very bad. I already moved partly to Bitfinex.

klee

legendary

Activity: 1498

Merit: 1000

BTC24's corrupted trading engine comes back in my memory - maybe it's time to withdraw my shit from there!

Luzio

newbie

Activity: 51

Merit: 0

That doesn't seem right, as the bids (2k to 205) are already filled in, It looks like an error.

Topic: BITSTAMP eXchange wall Observer. second biggest and best exchange - page 12. (Read 89287 times)