Rally!!! | Bitcointalksearch.org

deepceleron

legendary

Activity: 1512

Merit: 1036

Analysis:
It looks like big buy order took the price from 3.25 to 3.50 (but cleaned out the sell book in that range), then with the sell book empty up to 3.50, a rally to 3.80 from lower volume buys was much easier.

Quote from: cypherdoc on October 29, 2011, 03:48:10 PM

Quote from: ?? on ??

How quickly does the mtGox trade algorithm move? If you put in a buy for say 100000 btc at 10$ to grab all the open sell orders, how close would the timestamps be on all the little transactions that creates?

within seconds

Here's a youtube vid of the mtgox hack/crash. It took 10 minutes+ to clear the order book, which was probably the hacker putting in just one or a few big sales.

nmat

hero member

Activity: 602

Merit: 502

Quote from: Sargasm on October 30, 2011, 10:49:33 PM

So does lower difficulty likely mean lower price for BTC? Do they correlate in both directions?

I know price definitely effects difficulty in the long run... but visa versa?

This means that miners will get additional 50/100 coins per hour (comparing to the last couple of weeks). I don't think there is a strong relation between difficulty and price, but the price is defined by a lot of factors and the amount of coins received by the miners is definitely one of them.

payb.tc

hero member

Activity: 812

Merit: 1000

Quote from: Sargasm on October 30, 2011, 10:49:33 PM

So does lower difficulty likely mean lower price for BTC? Do they correlate in both directions?

potentially, if lower difficulty (more quickly) increases supply without a corresponding increase in demand.

Sargasm

member

Activity: 112

Merit: 10

So does lower difficulty likely mean lower price for BTC? Do they correlate in both directions?

I know price definitely effects difficulty in the long run... but visa versa?

nmat

hero member

Activity: 602

Merit: 502

Difficulty down to 1,203,462.

So where are all the new coins? Tongue

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

1 block!
edit: oops.... 2 blocks Sad

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: payb.tc on October 30, 2011, 09:26:33 PM

Quote from: ArsenShnurkov on October 30, 2011, 09:57:39 AM

Quote from: Technomage on October 30, 2011, 09:37:35 AM

we will probably have a test of $3 soon

It is time to become bear:

interesting screenshot... i didn't realise how different it looked in other browsers (compared to Chrome). it's completely invisible in IE and looks really weird in Opera.

anyway, only 4 blocks left til the drop!

2 blocks now!

It's like counting down to the new year!

payb.tc

hero member

Activity: 812

Merit: 1000

Quote from: ArsenShnurkov on October 30, 2011, 09:57:39 AM

Quote from: Technomage on October 30, 2011, 09:37:35 AM

we will probably have a test of $3 soon

It is time to become bear:

interesting screenshot... i didn't realise how different it looked in other browsers (compared to Chrome). it's completely invisible in IE and looks really weird in Opera.

anyway, only 4 blocks left til the drop!

nmat

hero member

Activity: 602

Merit: 502

Quote from: Technomage on October 29, 2011, 04:40:55 AM

A clear breakout over $4 would confirm the reversal.

So are we still bear or are we experiencing the "weekend effect"?

Zotia

hero member

Activity: 686

Merit: 501

TokenUnion-Get Rewarded for Holding Crypto

Quote from: ?? on ??

How quickly does the mtGox trade algorithm move? If you put in a buy for say 100000 btc at 10$ to grab all the open sell orders, how close would the timestamps be on all the little transactions that creates?

It depends on the speed of the server and how many orders there are.

A while ago (many weeks), I saw someone try to buy a large number of bitcoins. There were tons of tiny sell orders (for 0.01 to 0.10 BTC). It took so long that one single purchase took 7 minutes to complete.

While I haven't seen large amounts of lag like that recently, I would expect that it would take a while for mtgox to process a $1,000,000 order, since it would clear out the entire order book.

nmat

hero member

Activity: 602

Merit: 502

Quote from: BTCurious on October 30, 2011, 11:16:12 AM

The websocket is down, so they can't connect. You have to do all transactions via the site now.

My bot is still running through the old API. I need to change it to websockets, but I have been lazy lately...

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: proudhon on October 30, 2011, 02:21:33 PM

Nice rally guys.

Was toying with a %100 increase, so ya, not bad. Certainly enough for me to feel OK about putting in another largish chunk of fiat if we are lucky enough to get into the sub-$2 range.

proudhon

legendary

Activity: 2198

Merit: 1311

Nice rally guys.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Dan The Man on October 30, 2011, 12:20:52 PM

Well when we are in a forum called "speculation" about a one dimensional value, there is really only so much we can speculate about. Either it's going up or it's going down.

Hey, if I want to I can extend it to 4 dimensions, each one for buys, sales and their respective volumes. Grin

SlaveInDebt

hero member

Activity: 699

Merit: 500

Your Minion

http://blackacrebrewing.com/hey.swf
That is all.

Dan The Man

hero member

Activity: 672

Merit: 500

Well when we are in a forum called "speculation" about a one dimensional value, there is really only so much we can speculate about. Either it's going up or it's going down.

Tril

full member

Activity: 213

Merit: 100

Quote from: Technomage on October 29, 2011, 04:40:55 AM

if someone could help me and post a few liftoff pictures in this thread, I would appreciate it.

https://www.youtube.com/watch?v=rvDqoxMUroA
if you have short attention span you may skip to 1:20

Bigpiggy01

hero member

Activity: 1138

Merit: 523

I think that might actually put us back in a more "early days" trading scenario until it's they're all back online.

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: phelix on October 30, 2011, 11:02:22 AM

Quote from: Bigpiggy01 on October 30, 2011, 10:07:12 AM

Umm a lot of bots aren't operating atm on Mtgox (heard in IRC) unless I'm much mistaken that should put us back to the weekend dump Monday correct situation we had a while back.

any special reason for the bots not operating?

The websocket is down, so they can't connect. You have to do all transactions via the site now.

phelix

legendary

Activity: 1708

Merit: 1020

Quote from: Bigpiggy01 on October 30, 2011, 10:07:12 AM

Umm a lot of bots aren't operating atm on Mtgox (heard in IRC) unless I'm much mistaken that should put us back to the weekend dump Monday correct situation we had a while back.

any special reason for the bots not operating?

Topic: Rally!!! (Read 4892 times)