Showing on the diagram exchange rates for all orders that have participated in the trade at same time is a incorrect.
Better show the average rate of the trade. Then the diagram will not be like a forest of trees constructed by points which standing exactly above each other, and will provide more useful information.
Topic: Possible anomaly with the recent $0.50 peak - page 2. (Read 3946 times)
Maybe I'm misunderstanding the raw data, but there seems to be something very odd about the peak in the BTC price two days ago, where it touched $0.50 three times.
I can confirm this. I didn't have any coins for sale at 0.5, and look at this from my Account History:Code:
When Type Description Delta BTC Delta USD Total BTC Total USD
11/07/10 08:36 Sold BTC 0 for 0.5 -0.002 0.001 -0.002 xxxxx.603
11/07/10 08:36 Sold BTC 42.05 for 0.4399 -42.048 18.497 0 xxxxx.602
11/07/10 08:36 Sold BTC 0 for 0.5 -0.002 0.001 -0.002 xxxxx.603
11/07/10 08:36 Sold BTC 42.05 for 0.4399 -42.048 18.497 0 xxxxx.602
Maybe I'm misunderstanding the raw data, but there seems to be something very odd about the peak in the BTC price two days ago, where it touched $0.50 three times.
I'm looking at the historical data provided by the link at the bottom of the Bitcoin Watch home page. If I look at the transactions between 23:04:50 and 23:43:39 GMT on 6 November, these are the trades I see:
The MtGox trade data normally shows plenty of trades for hundreds or even thousands of BTC, but these trades are very small. And MtGox normally has a big order book, meaning you can't move the market from $0.37 to $0.50 by buying just 60 bitcoins.
Notice how the price touched 0.50 three times, and dropped back to 0.37 between each one. What exactly happened here?
I'm looking at the historical data provided by the link at the bottom of the Bitcoin Watch home page. If I look at the transactions between 23:04:50 and 23:43:39 GMT on 6 November, these are the trades I see:
Code:
(...)
The MtGox trade data normally shows plenty of trades for hundreds or even thousands of BTC, but these trades are very small. And MtGox normally has a big order book, meaning you can't move the market from $0.37 to $0.50 by buying just 60 bitcoins.
Notice how the price touched 0.50 three times, and dropped back to 0.37 between each one. What exactly happened here?
Classic speculation ?
Move along, nothing to see here.
If you owned 20,000 bitcoins, wouldn't you want to spend an extra $5.00 and buy 10 bitcoins at 50c each, therefore bringing your net worth of bitcoins to $10,000?
The individuals putting out these quotes in thin markets know exactly what they are doing. In this case, they may be encouraging new offers to come to market.
The individuals putting out these quotes in thin markets know exactly what they are doing. In this case, they may be encouraging new offers to come to market.
The market gets very thin at the edges that's all. People didn't expect it to go that high and didn't have large orders in place, over time they've been put in. Now it would take a huge volume (or the orders to be removed) to get back to 50 cents.
The MtGox 48-hour chart is in the attachment.
Maybe I'm misunderstanding the raw data, but there seems to be something very odd about the peak in the BTC price two days ago, where it touched $0.50 three times.
I'm looking at the historical data provided by the link at the bottom of the Bitcoin Watch home page. If I look at the transactions between 23:04:50 and 23:43:39 GMT on 6 November, these are the trades I see:
The MtGox trade data normally shows plenty of trades for hundreds or even thousands of BTC, but these trades are very small. And MtGox normally has a big order book, meaning you can't move the market from $0.37 to $0.50 by buying just 60 bitcoins.
Notice how the price touched 0.50 three times, and dropped back to 0.37 between each one. What exactly happened here?
I'm looking at the historical data provided by the link at the bottom of the Bitcoin Watch home page. If I look at the transactions between 23:04:50 and 23:43:39 GMT on 6 November, these are the trades I see:
Code:
Price Amount
0.33 3000
0.35 25
0.35 25
0.50 25
0.49 27
0.37 36
0.50 10
0.48 68
0.37 93
0.50 10
0.37 60
0.37 8
0.39 30
0.39 500
0.33 3000
0.35 25
0.35 25
0.50 25
0.49 27
0.37 36
0.50 10
0.48 68
0.37 93
0.50 10
0.37 60
0.37 8
0.39 30
0.39 500
The MtGox trade data normally shows plenty of trades for hundreds or even thousands of BTC, but these trades are very small. And MtGox normally has a big order book, meaning you can't move the market from $0.37 to $0.50 by buying just 60 bitcoins.
Notice how the price touched 0.50 three times, and dropped back to 0.37 between each one. What exactly happened here?
Jump to: