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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 410. (Read 1811596 times)

hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?

I wonder how many of these bots are run by MtGox themselves ?

Ok, so if MtGox reports a market depth of X and that my Y dollars will buy me Z bitcoins and if I place a buy order and magically the market depth changes while my huge order is being processed, wouldn't that be a proof of MtGox cheating? I mean when I place my order out of the blue and not into a busy trading moment?
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.

Pardon what? I mean I heard that a lot and it kind of went unchallenged all the time but could you please explain this?

So when I say I will buy at x for y, this will have to wait until maybe others buy at x for y before me but when I say I cancel my trade at x for y, I can overtake the queue? I mean how does that make sense?
legendary
Activity: 2097
Merit: 1070
MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?

I wonder how many of these bots are run by MtGox themselves ?
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.

Maybe not a hard limit... just have dust orders pay a higher %.  High volume orders pay lower %.  This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.  But at the same time a lucrative dust bot could still operate.

MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?
hero member
Activity: 826
Merit: 500
Crypto Somnium
legendary
Activity: 1246
Merit: 1010
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.

Maybe not a hard limit... just have dust orders pay a higher %.  High volume orders pay lower %.  This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.  But at the same time a lucrative dust bot could still operate.



legendary
Activity: 2955
Merit: 1049
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both
+1
donator
Activity: 1722
Merit: 1036
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.
full member
Activity: 210
Merit: 100
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?
hero member
Activity: 518
Merit: 500
the battle up to $80 is a good fight, but 80-90 will be a lot faster. At the weekend there was 50k btc to $100, right now there is just under 32k btc to $100.

blockchained.com shows the asks and bids having stayed around the same level.  I'll be interesting to see which side can out last the other.

(Spoiler: Bulls win)
donator
Activity: 1722
Merit: 1036
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Anyone notice that there's more depth to $70 than there is to $80?
sr. member
Activity: 358
Merit: 250
the battle up to $80 is a good fight, but 80-90 will be a lot faster. At the weekend there was 50k btc to $100, right now there is just under 32k btc to $100.
hero member
Activity: 811
Merit: 1000
Web Developer
I know some of you never leave this thread, let alone this subforum...

https://bitcointalksearch.org/topic/m.1673660

I AM SO PUMPED ABOUT THIS!  Cheesy

STRONG BUY.

Good news keeps rollin'.
hero member
Activity: 490
Merit: 500
Currently waiting to transfer flights in Europe, this week should be fun.

Well, everyone, don't forget this Wink

whats this about?
legendary
Activity: 1246
Merit: 1010
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Currently waiting to transfer flights in Europe, this week should be fun.

Well, everyone, don't forget this Wink
legendary
Activity: 1904
Merit: 1002
Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

But would it be because they make more or because people quit trading there as much?
hero member
Activity: 518
Merit: 500
I will admit though, this 71-76 range has been quite the slugfest
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