Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33721.

Xiaoma

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Quote from: BTC Books on April 20, 2013, 06:48:34 PM

Quote from: foo on April 20, 2013, 06:41:40 PM

AFAIK, that press release is about the new engine, but they're keeping it non-technical and only talking about "rules" instead.

Hmmm... I've read here on the forum that people have had bids and asks rejected without the funds to cover. Anecdotal, of course - and finding those posts would be difficult.

Nevertheless - we are still in a situation where the Bid Sum is at an all time high.

I tried, and doesn't let me add bids/asks without the funds. So looks like the rule is implemented.

BTC Books

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Quote from: foo on April 20, 2013, 06:41:40 PM

AFAIK, that press release is about the new engine, but they're keeping it non-technical and only talking about "rules" instead.

Hmmm... I've read here on the forum that people have had bids and asks rejected without the funds to cover. Anecdotal, of course - and finding those posts would be difficult.

Nevertheless - we are still in a situation where the Bid Sum is at an all time high.

foo

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Quote from: BTC Books on April 20, 2013, 06:37:39 PM

Quote from: foo on April 20, 2013, 06:34:10 PM

Quote from: BTC Books on April 20, 2013, 06:27:13 PM

Quote from: Sword Smith on April 20, 2013, 06:20:25 PM

Quote

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there. Gox changed the rules effective - I think - April 17th.

AFAIK nothing has been changed yet. The new trading engine was postponed when Gox did their 12 hour unplanned downtime for system upgrades.

The rules change has nothing to do with the trading engine.

Quote

      TOKYO - JAPAN - April 09, 2013

      Orders will only be accepted when there are enough funds available in your wallet!

Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface.

Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list.

Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value.

While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance.



Regards
Mt.Gox Co. Ltd Team.

https://mtgox.com/press_release_20130409.html

AFAIK, that press release is about the new engine, but they're keeping it non-technical and only talking about "rules" instead.

BTC Books

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Quote from: foo on April 20, 2013, 06:34:10 PM

Quote from: BTC Books on April 20, 2013, 06:27:13 PM

Quote from: Sword Smith on April 20, 2013, 06:20:25 PM

Quote

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there. Gox changed the rules effective - I think - April 17th.

AFAIK nothing has been changed yet. The new trading engine was postponed when Gox did their 12 hour unplanned downtime for system upgrades.

The rules change has nothing to do with the trading engine.

Quote

      TOKYO - JAPAN - April 09, 2013

      Orders will only be accepted when there are enough funds available in your wallet!

Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface.

Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list.

Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value.

While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance.



Regards
Mt.Gox Co. Ltd Team.

https://mtgox.com/press_release_20130409.html

foo

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Quote from: BTC Books on April 20, 2013, 06:27:13 PM

Quote from: Sword Smith on April 20, 2013, 06:20:25 PM

Quote

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there. Gox changed the rules effective - I think - April 17th.

AFAIK nothing has been changed yet. The new trading engine was postponed when Gox did their 12 hour unplanned downtime for system upgrades.

BTC Books

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Quote from: Sword Smith on April 20, 2013, 06:20:25 PM

Quote

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

It should be there. Gox changed the rules effective - I think - April 17th.

My understanding is that this 21M is close to an all-time high. The All Time Bid Sum graph on blockchaind appears to bear that out...

Kazu

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130 again

Sword Smith

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Quote from: BTC Books on April 20, 2013, 06:15:10 PM

Quote from: just1nmc on April 20, 2013, 06:05:48 PM

Quote from: Sword Smith on April 20, 2013, 06:04:46 PM

Quote from: BTC Books on April 20, 2013, 06:01:15 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating. It's working capital, on a hair-trigger.

How do you know that USD 21m are sitting on mtgox?

Well there's more than that. 21m is the total bid sum on the order books. Which you can view on http://blockchained.com

Ahh. Thanks.

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

Is it? The total volume of one weekday's trading is around USD 20m.

BTC Books

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Quote from: just1nmc on April 20, 2013, 06:05:48 PM

Quote from: Sword Smith on April 20, 2013, 06:04:46 PM

Quote from: BTC Books on April 20, 2013, 06:01:15 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating. It's working capital, on a hair-trigger.

How do you know that USD 21m are sitting on mtgox?

Well there's more than that. 21m is the total bid sum on the order books. Which you can view on http://blockchained.com

Ahh. Thanks.

And I note that since Gox changed their rules about placing orders without actually having the funds in your account (you can't do that any more - so the money is really there), that's even more impressive.

NamelessOne

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Quote from: zemario on April 20, 2013, 06:09:04 PM

Quote from: NamelessOne on April 20, 2013, 05:52:38 PM

Quote from: StarenseN on April 20, 2013, 05:49:27 PM

Why this 15K buy within 10 minutes after 20 heures of coma ?? Huh

More confidence after watching the price not fall. It's been gradually rising for a while now and people want on board.

+1

but now the number of bitcoins for sale balanced the bids. Also... there's a huge wall at 150 and quite a bit of selling pressure. If the market chews this up, it will be in 200 in a few days. But it's much to chew... exciting

Actually the bids massively outweigh the asks/bitcoins for sale. Yes, there is a hill to climb to $150 but on the entire market, the bids are a tidal wave vs the asks. I agree it is exciting.

zemario

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Quote from: NamelessOne on April 20, 2013, 05:52:38 PM

Quote from: StarenseN on April 20, 2013, 05:49:27 PM

Why this 15K buy within 10 minutes after 20 heures of coma ?? Huh

More confidence after watching the price not fall. It's been gradually rising for a while now and people want on board.

+1

but now the number of bitcoins for sale balanced the bids. Also... there's a huge wall at 150 and quite a bit of selling pressure. If the market chews this up, it will be in 200 in a few days. But it's much to chew... exciting

just1nmc

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Quote from: Sword Smith on April 20, 2013, 06:04:46 PM

Quote from: BTC Books on April 20, 2013, 06:01:15 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating. It's working capital, on a hair-trigger.

How do you know that USD 21m are sitting on mtgox?

Well there's more than that. 21m is the total bid sum on the order books. Which you can view on http://blockchained.com

Sword Smith

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Quote from: BTC Books on April 20, 2013, 06:01:15 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating. It's working capital, on a hair-trigger.

How do you know that USD 21m are sitting on mtgox? The total buy wall is worth USD 18m.

BTC Books

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Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

That 21M
USD sitting on Gox isn't there to be intimidating. It's working capital, on a hair-trigger.

If the trend stays solidly up for another $10ish increase in the exchange rate - on a weekend - I wouldn't be surprised to see 10M worth of buying before the end of Sunday.

just1nmc

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Yeah I only saw a ~BTC4k buy wall go up at $130 and then pulled. Maybe I missed a big sell into it though

crazy_rabbit

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Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

Edit: For anyone who wasn't following the live feed: someone bought ~4K BTC at market price and then left a 3.7k bid wall at 130. Then a minute later someone just swallowed that wall in one take.

It doesn't have to be one particular person, I suspect it's lots of people who get the same "buy" vibe at the same time.

Sword Smith

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Quote from: M4v3R on April 20, 2013, 05:58:40 PM

Quote from: Sword Smith on April 20, 2013, 05:58:24 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

How do you see that someone just sold for ½m $?

See my edit above.

I did see the buy and the wall that just dissapeared but are you saying that a new one came up after the first one had dissapeared?

TheKoziTwo

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Quote from: Sword Smith on April 20, 2013, 05:58:24 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

How do you see that someone just sold for ½m $?

I just saw that too.

M4v3R

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Quote from: Sword Smith on April 20, 2013, 05:58:24 PM

Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

How do you see that someone just sold for ½m $?

See my edit above.

Sword Smith

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Quote from: M4v3R on April 20, 2013, 05:57:21 PM

Someone just bought 1 million USD worth of BTC. And another guy sold half million USD worth of BTC. Insane.

How do you see that someone just sold for ½m $?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33721. (Read 26462445 times)