Wall Observer - MtGoxUSD wall movement tracker - page 222.

jl2012

legendary

Activity: 1792

Merit: 1111

The volume of BTC China is reset everyday at midnight of China (16:00 UTC)

Quote from: buddhacoiner on April 08, 2013, 12:29:58 PM

Quote from: dextryn on April 08, 2013, 12:24:10 PM

China is dumping

Welcome to BTCChina!
Bitcoin Price Ticker (BTCChina, Realtime)
    CNY
Last BTC Price:    ¥1,225.50
High:    ¥1,329.01
Low:    ¥1,205.00
Last Bid:    ¥1,210.00
Last Ask:    ¥1,227.10
Volume:    320.478

Bitcoin Price Ticker (Mtgox, Updated every 5 min)
    USD   CNY
Last BTC Price:    $185.49   ¥1152.52
High:    $194.9   ¥1210.99
Low:    $155   ¥963.08
Last Bid:    $183.65   ¥1141.09
Last Ask:    $185.49   ¥1152.52
Volume:    99923

....bit of a difference in volume

buddhacoiner

newbie

Activity: 28

Merit: 0

Quote from: dextryn on April 08, 2013, 12:24:10 PM

China is dumping

Welcome to BTCChina!
Bitcoin Price Ticker (BTCChina, Realtime)
    CNY
Last BTC Price:    ¥1,225.50
High:    ¥1,329.01
Low:    ¥1,205.00
Last Bid:    ¥1,210.00
Last Ask:    ¥1,227.10
Volume:    320.478

Bitcoin Price Ticker (Mtgox, Updated every 5 min)
    USD   CNY
Last BTC Price:    $185.49   ¥1152.52
High:    $194.9   ¥1210.99
Low:    $155   ¥963.08
Last Bid:    $183.65   ¥1141.09
Last Ask:    $185.49   ¥1152.52
Volume:    99923

....bit of a difference in volume

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Ok, europe is now officially considering the Cyprus template for all bank failures in the future. Bitcoin about to get even crazier !
Anyone know when this was announced?

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Just bought some more. Let's head on up!

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: dextryn on April 08, 2013, 12:24:10 PM

China is dumping

Most likely arbitrage.
There was a difference of $45 earlier. Made me wish I had setup an account there. Then I gotta deal with LR though, which I do not have.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: mccorvic on April 08, 2013, 12:17:47 PM

Quote from: Spaceman_Spiff on April 08, 2013, 12:15:23 PM

crap, missed the dip. Stupid work Roll Eyes

We're still in the dip, so not too late

Yeah, but I first need to sell to pick them back up later, wasn't online when the coins were $190-195. Right now I am not sure which way it ll go, so I do nothing.

dextryn

full member

Activity: 198

Merit: 100

China is dumping

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: BitcoinTate on April 08, 2013, 12:18:29 PM

This dip was not nearly as much as I expected. Is it that A ) People are getting smarter and not messing around when Gox starts lagging, or B) We could see a double dip later today or tomorrow before jumping back on the BTC rocket to $300 next week?

Could it be that it's stabilising on its mad rush upwards?

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

Quote from: Spaceman_Spiff on April 08, 2013, 12:15:23 PM

crap, missed the dip. Stupid work Roll Eyes

EDIT: double crap, I had $240 sell orders at bitcoin24, none went through. Should have put it a dollar lower

.

My sell order on gox was $195.00..... should have put it 10 cents lower. lol Just 1 BTC for fun, no way I would risk losing anymore.

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

This dip was not nearly as much as I expected. Is it that A ) People are getting smarter and not messing around when Gox starts lagging, or B) We could see a double dip later today or tomorrow before jumping back on the BTC rocket to $300 next week?

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Spaceman_Spiff on April 08, 2013, 12:15:23 PM

crap, missed the dip. Stupid work Roll Eyes

We're still in the dip, so not too late

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

crap, missed the dip. Stupid work Roll Eyes

EDIT: double crap, I had $240 sell orders at bitcoin24, none went through. Should have put it a dollar lower

.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: thezerg on April 08, 2013, 12:10:17 PM

yes, for all you newbies looking at this and the "crash" the media reported last week, think about trying to trade this. For example, you could sell at the ATH, and keep the money in USD with a bid trailing the ATH by (say) 10%. But if you do that, you miss the normal weekly runup, in this case from $140. So this catch-the-dip strategy nets you half the profit as buy-and-hold. But the risk profile of fiat-on-exchange is pretty similar to btc-on-exchange so the risk reduction is not worth the profitability loss. And traders can't reliably react to a dump (sell then buy) due to the lag.

This should be printed on cards and issued to all newbies. Cheesy

samson

legendary

Activity: 2097

Merit: 1070

Quote from: mp420 on April 08, 2013, 12:08:32 PM

Quote from: chriswilmer on April 08, 2013, 12:02:16 PM

Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).

Won't work. The trades must be executed sequentially, that can't be parallelized much. The lag is not about the DDOS, it's mostly about the trading.

Their trading engine is implemented poorly. They have enough hardware but their engine just doesn't cut it. They should hire a team of $300k+/year programmers with extensive experience about these kinds of high performance financial systems and get them to rewrite their trading engine.

Maybe they should hire the guy who won the 'quantcup' matching engine competition.

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: NamelessOne on April 08, 2013, 11:52:54 AM

Quote from: Piper67 on April 08, 2013, 11:52:08 AM

Damn. We crashed all the way down to 85% above the price a week ago today Grin

LOL! +1 !

yes, for all you newbies looking at this and the "crash" the media reported last week, think about trying to trade this. For example, you could sell at the ATH, and keep the money in USD with a bid trailing the ATH by (say) 10%. But if you do that, you miss the normal weekly runup, in this case from $140. So this catch-the-dip strategy nets you half the profit as buy-and-hold. But the risk profile of fiat-on-exchange is pretty similar to btc-on-exchange so the risk reduction is not worth the profitability loss. And traders can't reliably react to a dump (sell then buy) due to the lag.

Of course, people can use their intuition and knowledge of fiat bank transfers to make informed guesses and narrowing this profitability gap. But that is hard and ultimately devolves into guesswork rather then a strategy.

tl;dr; these dips happen because its more profitable to buy-and-hold then to sell-early-to-fiat-and-catch-the-dip.

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

Quote from: mp420 on April 08, 2013, 12:08:32 PM

Quote from: chriswilmer on April 08, 2013, 12:02:16 PM

Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).

Won't work. The trades must be executed sequentially, that can't be parallelized much. The lag is not about the DDOS, it's mostly about the trading.

Their trading engine is implemented poorly. They have enough hardware but their engine just doesn't cut it. They should hire a team of $300k+/year programmers with extensive experience about these kinds of high performance financial systems and get them to rewrite their trading engine.

Perhaps adding Solid State server drives might help though.

mp420

hero member

Activity: 501

Merit: 500

Quote from: chriswilmer on April 08, 2013, 12:02:16 PM

Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).

Won't work. The trades must be executed sequentially, that can't be parallelized much. The lag is not about the DDOS, it's mostly about the trading.

Their trading engine is implemented poorly. They have enough hardware but their engine just doesn't cut it. They should hire a team of $300k+/year programmers with extensive experience about these kinds of high performance financial systems and get them to rewrite their trading engine.

buddhacoiner

newbie

Activity: 28

Merit: 0

Quote from: deeplink on April 08, 2013, 11:55:06 AM

What? Bitcoin-24 at $240 ?!

...1 coin

btce $166

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: chriswilmer on April 08, 2013, 12:02:16 PM

Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).

Well, I don't think adding any X number of machines would help with a DDOS as the line would still just be as clogged.

But it doesn't matter as the DDoS excuse is just MtGox trying to cover for it's failure to have a decent database.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: chriswilmer on April 08, 2013, 12:02:16 PM

Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).

My understanding is that the engine is written with the competency of an undergraduate CS student.
No amount of hardware improvements can fix errors associated with bad coding practices. The gain would be measly.

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 222. (Read 1811599 times)