My guess is that it's just some coding error, and not some manipulation.
I would assume that on the mtGox website, the price is updated by ajax (ie. making calls to the server in the background, which only updates the price in the browser), so there might be some kind of error in that code, if it's not coherent with API data.
A 3rd party code review and more transparency would be a good idea. A technical detailed explanation of these 'glitches' would be a good idea.
Not sure if there's anyone else but Mark actually having access to the codebase itself.
There's been too many stories lately about late payments for larger amounts when withdrawn from mtGox. This may lead us to think that mtGox has money flow problems.
A 3rd part audit in that regard may also be a good idea.
As a final thought, there's other exchanges as well, and keeping a lot of funds on mtGox, well, it will be for every individual to decide if that's a good idea.
Topic: Is MtGox going crazy or manipulating? (Read 3024 times)
Clark Moody shows value @$5.27+ on the 1st at 8PM.
http://bitcoin.clarkmoody.com/widget/chart/
It appears the feed is the only thing with a rising price.
Don't worry, it's just a "glitch", we're sorry you noticed.
They have all sorts of bugs and glitches. I converted $25 cash, in two transactions, to ⊅BTC @$5.115, I got ⊅7.25 total. Please don't reverse it or fix the glitches.
http://bitcoin.clarkmoody.com/widget/chart/
It appears the feed is the only thing with a rising price.
Don't worry, it's just a "glitch", we're sorry you noticed.
They have all sorts of bugs and glitches. I converted $25 cash, in two transactions, to ⊅BTC @$5.115, I got ⊅7.25 total. Please don't reverse it or fix the glitches.
Follow my lead
Once again. The rocket's about to be launched
Go long, gentlemen. It can't go wrong. lol
Go long, gentlemen. It can't go wrong. lol
Just going to leave this here
1 hr ago
now
once again
Watch the Euro market on the rise gentlemen. I predicted it first, with the help of the MtGox Predictinator, remember!
lol
1 hr ago
now
once again
Watch the Euro market on the rise gentlemen. I predicted it first, with the help of the MtGox Predictinator, remember!
lol
with this and psy by my side I will be knee deep in bitcoin in no time!
I think psy predicted the future.. you better hit the speculation section they will worship you!
Any chance on an official statement from Gox? This seems pretty important...
Official reply : No manipulations and good lord we are still sane... (I'm not insane, my mother had me tested). Now for the record and as far as we are concerned, a nice stable price keeps volume and revenue low.
But it didn't answer the question.
Did a trade execute > $5.18?
If so then why didn't the high update to reflect it?
If not then why does "last" show $5.269?
What EXACTLY is the "last"? Is it really the price the most recent trade executed?
And the real question is what did you do to fix this "glitch"?
Ahh this explains why my friend was so keen to sells bitcoins to me for the "mtgox last price" in AUD lol
Awesome friend you got there
EDIT: I use the 24h price for transacting http://bitcoincharts.com/markets/currencies/
Ahh this explains why my friend was so keen to sells bitcoins to me for the "mtgox last price" in AUD lol
Any chance on an official statement from Gox? This seems pretty important...
Official reply : No manipulations and good lord we are still sane... (I'm not insane, my mother had me tested). Now for the record and as far as we are concerned, a nice stable price keeps volume and revenue low.
But it didn't answer the question.
Did a trade execute > $5.18?
If so then why didn't the high update to reflect it?
If not then why does "last" show $5.269?
What EXACTLY is the "last"? Is it really the price the most recent trade executed?
Here is a better reply I got directly responding to my support inquiry about this thread.
Thank you for your inquiry. Our PR manager has already responded to the thread in question. It appears that there was a glitch in our system, but the actual price did not go up that high. All the invalid trades will be cancelled. Our apologies for the inconvenience caused and thank you for your kind understanding in this matter. If you have any further questions, please feel free to contact us again.
Thank you for your inquiry. Our PR manager has already responded to the thread in question. It appears that there was a glitch in our system, but the actual price did not go up that high. All the invalid trades will be cancelled. Our apologies for the inconvenience caused and thank you for your kind understanding in this matter. If you have any further questions, please feel free to contact us again.
Any chance on an official statement from Gox? This seems pretty important...
Official reply : No manipulations and good lord we are still sane... (I'm not insane, my mother had me tested). Now for the record and as far as we are concerned, a nice stable price keeps volume and revenue low.
This is up there for best official reply
Any chance on an official statement from Gox? This seems pretty important...
Official reply : No manipulations and good lord we are still sane... (I'm not insane, my mother had me tested). Now for the record and as far as we are concerned, a nice stable price keeps volume and revenue low.
Did anyone's orders get fulfilled at that price without a reverse?
I have seen this happen too. Strange...
I have observed that several times, too. IMHO this is an error of the mtgox website. When I double-checked with http://bitcoincharts.com/markets/mtgoxUSD_trades.html I never found any trades related to the price (and the value "high" did not change later).
That "Last Price" number on the top of the home page is always very far from the Bid/Ask prices when you see when you log in. I used to think it was an error but now I think it is similar to the highs and lows on a candle stick graph.
If the last transaction executed was a market buy order then "last price" refers to the highest price paid in that batch of coins.
And if the last transaction executed was a market sell order then "last price" refers to the lowest price paid in that batch of coins.
If the last transaction executed was a market buy order then "last price" refers to the highest price paid in that batch of coins.
And if the last transaction executed was a market sell order then "last price" refers to the lowest price paid in that batch of coins.
Well, I guess that means bots had no chance to get confused. It seems only I saw those glitches. WTF
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