GoxLoop™ discussion / speculation - page 3.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: bitleif on December 06, 2013, 04:06:18 PM

It was already explained in another thread, it's a security measure (of rather dubious quality) they put in for when price is falling too fast. This is the kind of "solution" that makes software engineers around the world scream out in agony.

It's also called market manipulation and in every regulated market strictly forbidden. Bitcoin allows anything.

bitleif

sr. member

Activity: 351

Merit: 250

I'm always grumpy in the morning.

It was already explained in another thread, it's a security measure (of rather dubious quality) they put in for when price is falling too fast. This is the kind of "solution" that makes software engineers around the world scream out in agony.

pand70

sr. member

Activity: 476

Merit: 250

Finally someone explaining the gox loop. Thank you.
Btw i can't see the loop in bitcoinwisdom although i had it in 1m.
Actually it is just now that i can see the first itteration. Probably i 'm lagging badly.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

If this is not proof enough i don't know what is

MarCoin

newbie

Activity: 54

Merit: 0

That's what i'm seeing on my platform (21:00 GMT+1). Bars data (high, low, open, close) are built with the MTGox realtime streaming data received by my service's server

http://i.snag.gy/2ubzf.jpg

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

I speculate that it will go down from 875 to around 830. Right now it is on wave (b), it is that 0.1BTC buy order at 840. then down again on heavy volume.

beaconpcguru

full member

Activity: 189

Merit: 100

Hello

Though, I'm sure the price will rebound (>900) just after they manage to reset.. though I'm sure a lot of people panicked and will regret it immediately, those who are scared because they market bought during this whole scenario will come out on top once everything catches up. No worries.

GriTBitS

sr. member

Activity: 448

Merit: 250

“A decentralized registry for unique assets”

not sure who is putting all these sell orders in i dont see anything on the sell side

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

This will all stop as soon as Bill Murry wins Andie McDowell's heart.

Until then, we're Goxloop'd!

beaconpcguru

full member

Activity: 189

Merit: 100

Hello

Yup this is just either plain manipulation on Gox's part or they do actually halt trades when the ongoing balance exceeds their hotwallet balance. Either way, like I always tell people you can trust in Bitcoin itself but exchanges can do anything they want. If you trade in an unregulated market then there can be no SEC violations.

GriTBitS

sr. member

Activity: 448

Merit: 250

“A decentralized registry for unique assets”

i need to get that buy order in at $1 before it goes back up!!!!!!!!!!!!!!

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

The problem is:

The same shit happend yesterday!
The price dropped and I was unable to cancel my buy order @ 680 euros...
Same loop.

Eithere there was an attacker testing his method or GOX itself manipulates the market.

Skybits

newbie

Activity: 12

Merit: 0

tried to cancel a buy order at 825 b/c i think it will go lower and every time i refresh my screen it appears as if i didn't cancel it. it hasn't hit 825 yet but goes to 829 and back to 877. And then periodically shows 502 bad gateway, could this be a hack attempt? ....either way this is Lame.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: SuperHakka on December 06, 2013, 03:36:21 PM

i looking at this looping on btccharts, this is some funny shit going on. can you imagine if this started happening on nasdaq or nyse, lmfao

"funny shit" happens an nasdaq, nyse et al all the time, they hide it in plain sight.

http://johnhcochrane.blogspot.co.uk/2012/02/weird-stuff-in-high-frequency-markets.html

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Alright I looked further into this and I'm convinced of goxloop manipulation. The sell orders are huge with full red We should be below $800 already. Very interesting and clear manipulation!

bitleif

sr. member

Activity: 351

Merit: 250

I'm always grumpy in the morning.

Quote

one more reason why btc is not ready yet for the prime time.

One more reason why GOX has never been ready for prime time. I admit I've still been using them but when this correction is over I'm switching.

wobber

legendary

Activity: 1064

Merit: 1001

Anyone willing to lobby against MtGox, with me?

SuperHakka

full member

Activity: 196

Merit: 100

i looking at this looping on btccharts, this is some funny shit going on. can you imagine if this started happening on nasdaq or nyse, lmfao

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: SuperHakka on December 06, 2013, 03:32:03 PM

one more reason why btc is not ready yet for the prime time.

It's a long way...
There are only a few bitcoin traders and the exchanges work like shit during high user traffic!
No chance to see 1 billion bitcoin users in the near future with such crappy exchanges.

Turn off trading during a crash -> looks really unprofessional.

SuperHakka

full member

Activity: 196

Merit: 100

one more reason why btc is not ready yet for the prime time.

Topic: GoxLoop™ discussion / speculation - page 3. (Read 7150 times)