Mtgox hit $2.99 - page 2. | Bitcointalksearch.org

DamienBlack

jr. member

Activity: 56

Merit: 1

The random pops are a glitch that have been coming up since the reopening. I'm not sure whether trades are really being executed, or whether it is just noise in the history.

mizerydearia

hero member

Activity: 574

Merit: 507

The data seems to be censored/deleted/removed from mtgox.com data files.

Here's from #bitcoin-market on freenode:

Code:

Jul02 03:13:02 mtgox 0.4691 @ 2.99 USD
Jul02 03:33:02 mtgox 8.8963 @ 15.4051 USD
Jul02 03:33:05 mtgox 9.0000 @ 15.40509 USD
Jul02 03:33:09 mtgox 1.5237 @ 15.40509 USD
Jul02 03:33:09 mtgox 1.5237 @ 15.4054 USD
Jul02 03:33:09 mtgox 1.5237 @ 15.4054 USD
Jul02 03:33:10 mtgox 1.5237 @ 15.4054 USD
Jul02 03:33:10 mtgox 1.5237 @ 15.4054 USD
Jul02 03:33:10 mtgox 1.5237 @ 2.99 USD
Jul02 03:33:54 mtgox 0.1000 @ 15.4054 USD
Jul02 03:33:54 mtgox 0.1000 @ 15.4054 USD
Jul02 03:33:54 mtgox 0.1000 @ 15.4054 USD
Jul02 03:34:01 mtgox 0.1000 @ 2.99 USD
Jul02 03:36:15 mtgox 2.0000 @ 15.4055 USD

trades 1309576382390945, 1309577590796944 and 1309577641517737 were executed at a wrong amount due to a bug, so they were fixed and re-executed under a new tid

toddbethell

jr. member

Activity: 49

Merit: 1

About half and hour ago I sent a message to both Mt.Gox and Bitcoin Charts asking for these to anomalies to be erased. I was told that Mark is up and working on it. No explanations yet but at lease he has erased it. now I'm hoping it will be erased from Bitcoin Charts before the weekend traders see it on Saturday morning. If you know what I mean.

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Quote from: Hook^ on July 01, 2011, 11:53:47 PM

If you look at the low for Mt. Gox now, it is saying $15.4. So they scrubbed the $2.99 trade. I'm guessing it is test data they forgot to remove from production.

low price on mtgox shows 15.26 now

what the hell is going on?

bitfon

full member

Activity: 532

Merit: 102

I frequently see bids that are greater than asks on the Gox ticker API, and even in their trading UI. The ticker often bears little resemblance to the order book.

Amateurs.

And yet they've got the most liquid market, narrow spreads and faster transfers in/out for USD and BTC.

What are you gonna do?

XRcode

full member

Activity: 134

Merit: 100

Yes, Canada does need it.

I did it for my country Tongue

xbtc.ca coming soon... as soon as I can code it, get a lawyer, and the appropriate accounts it will be here.

done

newbie

Activity: 56

Merit: 0

Build it guys. Canada needs it.

XRcode

full member

Activity: 134

Merit: 100

It's nice to see right away that there would be an interest in a Canadian exchange.

I have just registered the domain xbtc.ca and I will start work on coding a secure, user friendly interface.

I can't promise you guys a timeframe... This will be a HUGE project... but I have alot of time on my hands and I would like to bring something to the bitcoin community.
I will take my time and do it right. Hopefully we can have something operational in six to eight months.

Glad to see an interest and will see you all on xbtc.ca in the future Cheesy

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: XRcode on July 01, 2011, 11:58:08 PM

Thats enough for me lol

I think I will open an exchange for Canadian dollars.
I will look into what kind of accounts will be necessary to facilitate deposit/withdrawl in Canada and maybe make an exchange site.

fuck ya I'll be on that for sure

Hunterbunter

hero member

Activity: 994

Merit: 1000

Is it possible MtGox pleases the seller's price?

Like...if I'm current highest bid @ 15.4, and you're the lowest seller @ 15.5: Someone puts in a sell for $3, wouldn't I, being the highest bid, pay $3? That's pleasing the seller and assuming I'm first in line.

In reverse, if gox is pleasing the seller, if I put a bid for $1000 for 1 btc, won't I just pay 15.5?

Somehow, somewhere, there has to be a fixed decision made on who's price is taken when prices overlap.

peak

newbie

Activity: 39

Merit: 0

but the trade price should be still around 15.4 right?

pointbiz

sr. member

Activity: 437

Merit: 415

1ninja

Quote from: XRcode on July 02, 2011, 12:00:41 AM

If I were to take the time to setup a secure exchange, how many people would be interested in trading BTC with Canadian dollars??

I'd be interested

Hook^

newbie

Activity: 56

Merit: 0

Quote from: XRcode on July 02, 2011, 12:12:41 AM

Not to be rude, but I am a network security specialist. I am well aware of what would be required in setting up a secure exchange both technically and legally.

I don't doubt you know about security. It is just that even the biggest banks get hacked with their hundreds of security experts. I wonder how you are going to do better with very limited resources.

Maybe you can do all this yourself. It will be interesting to see. Expect a high stress level

Tx2000

full member

Activity: 182

Merit: 100

Quote from: XRcode on July 02, 2011, 12:12:41 AM

Not to be rude, but I am a network security specialist. I am well aware of what would be required in setting up a secure exchange both technically and legally.

Really depends. CaVirtEx is in beta for quite some time; I guess it would have to depend on what you can offer compared to them

XRcode

full member

Activity: 134

Merit: 100

Not to be rude, but I am a network security specialist. I am well aware of what would be required in setting up a secure exchange both technically and legally.

Hook^

newbie

Activity: 56

Merit: 0

Quote from: evolve on July 01, 2011, 11:59:07 PM

Quote from: Hook^ on July 01, 2011, 11:53:47 PM

If you look at the low for Mt. Gox now, it is saying $15.4. So they scrubbed the $2.99 trade. I'm guessing it is test data they forgot to remove from production.

im still showing a 2.99 low on mtgox...15.4 is the current price.

Bitcoincharts.com is showing a low of 15.4. Gox is still goxed at 2.99

Hook^

newbie

Activity: 56

Merit: 0

Quote from: XRcode on July 02, 2011, 12:00:41 AM

If I were to take the time to setup a secure exchange, how many people would be interested in trading BTC with Canadian dollars??

I think you are underestimating the difficulty of setting up a secure site. When there are millions of dollars on the line, suddenly every hacker in the world is gonna put all their effort on breaking your site. And they always win in the long run.

The Mt. Gox debacle should give you some pause.

Anyway, I think that new secure exchange site coming up in a few days will trade in multiple currencies.

Rogue Star

member

Activity: 89

Merit: 10

Quote from: XRcode on July 02, 2011, 12:00:41 AM

If I were to take the time to setup a secure exchange, how many people would be interested in trading BTC with Canadian dollars??

I would like to see a Canadian exchange, volume is a huge factor though.

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Quote from: XRcode on July 02, 2011, 12:03:30 AM

You would be able to directly deposit USD, you would get the current exchange rate on converting it into CAD upon entering the trading account.

id be interested. but for the exchange to work, a considerable amount of people are going to need to use it...thats what gox has/had going for it...id be willing to be an early adopter though.

clonedone

full member

Activity: 350

Merit: 100

i really hope magical tux removes that... it shouldnt have sold for 2.99 if there are ppl willing to pay 10 bucks, 9 bucks, 8 bucks and so on.
shouldnt the person who wanted to sell a coin at 2.99 receive the lowest asking price for it? most likely 15 bucks give or take

Topic: Mtgox hit $2.99 - page 2. (Read 9006 times)