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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29369. (Read 26610919 times)

legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?

Different people. A market is a always a fine balance between those greedy that it will go up and those fearful it will fall further.
Large trades are normally human-triggered. Bots do all the incessant micro buys and sells.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?

full member
Activity: 216
Merit: 100
RicePicker
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?

It´s probably shorts that get closed/triggered automatically. When there is not enough ask depth they shoot through the roof as they get triggered as market order.


Edit:
Bitfinex works through Stamps orderbook.

That makes sense. Bitfinex's order book was completely wiped out down to $600. I guess a lot people had their buys to close their shorts at $600
hero member
Activity: 504
Merit: 500
Moderator
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?

It´s probably shorts that get closed/triggered automatically. When there is not enough ask depth they shoot through the roof as they get triggered as market order.


Edit:
Bitfinex works through Stamps orderbook.
full member
Activity: 216
Merit: 100
RicePicker
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?
full member
Activity: 378
Merit: 100
mtgox irc channel became unlocked some minutes ago

Why was it locked?
In case some of Mt.Gox's bitcoins fell out of it, due to bugs in the IRC protocol.
hero member
Activity: 504
Merit: 500
Moderator
legendary
Activity: 1232
Merit: 1011
stamp going schizophrenic.

someone dumps to 595, then someone buys till 630?

wtf? guess someone is trying to communicate through order book?
legendary
Activity: 2156
Merit: 1070
mtgox irc channel became unlocked some minutes ago

Why was it locked?
full member
Activity: 378
Merit: 100
and thats why its time for www.mtgoxtakeover.com !

I don't think so. That Lehner Franz sounds quite sinister and mendacious.

Mark may end up looking over his shoulder for the rest of his life though. He needs to fix Gox fast, and communicate properly.
legendary
Activity: 1844
Merit: 1338
XXXVII Fnord is toast without bread
hero member
Activity: 812
Merit: 1000
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna

Yes.  It's true.  We live in the future.

We live at a time when dubstep brings gravitas.

Awesome.

Cool
hero member
Activity: 812
Merit: 1000
mtgox irc channel became unlocked some minutes ago
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
hero member
Activity: 841
Merit: 1000
Nice marketing much? ( Neo Bee )

http://youtu.be/7mY-0ZwR-aY
This is so f*cking big, i'm excited.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
What are the changes we'll get that gox update on monday?
Well its Monday morning in Japan already, don't you think if they had good news, it would be released first thing in the morning?

No tbh. They seem to like 7pm announcements.

After writing the announcement at 10:30am


I've worked with people like this before, and I'm 99% sure this is what happens:

Step 1: After an announcement, everybody goes home sweating bullets.
Step 2: Next day everybody comes back, things are working "as intended" so you do absolutely nothing for a day.
Step 3: Finally you notice that nobody likes your "intentions" so you decide you need to do something.
Step 4: You spend half a week talking about how to get people to stop complaining while doing as bloody little as possible.
Step 5: After a week of debating you finally get the announcement written and want to release it ASAP.
Step 6: You spend about 12 hours actually completing what you plan to announce, announce it, then leave for home sweating bullets again.

and thats why its time for www.mtgoxtakeover.com !

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