Gox orderbook on loop
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I thought this was interesting so grabbed a screenshot. Bitcoin was crashing quite harshly on Gox to the point where trade lag was over 10 minutes. Then the orders started jumping back up to $877 from $829 again and again. Someone reported that their order kept getting processed and then put back on the orderbook. Gox is looping through a set of orders and then doing it over again. Check the screen below.
[img]http://forum.feathercoin.com/index.php?action=dlattach;topic=5536.0;attach=1459;image[/img]
Source: [url=http://bitcoin.clarkmoody.com/]http://bitcoin.clarkmoody.com/[/url][attachment deleted by admin]
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I am watching the show maybe last hour?
Gox is goxed!
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I’m watching it too - so crazy.
Question is, where will it land at when it emerges into reality again? -
Not sure but I expected this crash to be harsh. Bitcoin has been pushing upwards with too greater pressure and keeps flailing as a result. It has been struggling to maintain $1000+ and it only got there 9 days ago.
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[quote name=“Bushstar” post=“40688” timestamp=“1386360444”]
Not sure but I expected this crash to be harsh. Bitcoin has been pushing upwards with too greater pressure and keeps flailing as a result. It has been struggling to maintain $1000+ and it only got there 9 days ago.
[/quote]Looks more like panic buy time on GOX :) But who knows…
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It’s their idiotic ‘crash stop feature’ again. If someone tries to sell too many at once, they rollback the trade, then execute it again in an infinite loop. It happened a few days ago, looks they did’t bother to fix it.
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BTC looks like it’s a honey badger - back to 900.
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‘crash stop feature’ sounds very odd. Well, it is recovering again. Next stop $98,500 apparently.
[url=http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/]http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/[/url]
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[quote name=“Bushstar” post=“40702” timestamp=“1386362388”]
‘crash stop feature’ sounds very odd. Well, it is recovering again. Next stop $98,500 apparently.[url=http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/]http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/[/url]
[/quote]need 2-3 years ;) dont be too greedy!
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The NYSE has one too. It shuts down trading in case of a flash-crash.
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[quote name=“Kevlar” post=“40707” timestamp=“1386362863”]
The NYSE has one too. It shuts down trading in case of a flash-crash.
[/quote]I heard about it. They implemented this after some super fast and super big crash caused by bots?
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Not bots actually.
June, 2011. The price went from $17 dollars to a single penny inside of a few minutes. They rolled back all the trades. An account was compromised with a lot of coins, and the hacker sold off all about half a million bitcoins so he could buy more of them back again for cheap before cashing out.
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[quote name=“Kevlar” post=“40710” timestamp=“1386363152”]
Not bots actually.June, 2011. The price went from $17 dollars to a single penny inside of a few minutes. They rolled back all the trades. An account was compromised with a lot of coins, and the hacker sold off all about half a million bitcoins so he could buy more of them back again for cheap before cashing out.
[/quote]I meant reason why NYSE have this feature.
But thanks for this trip to history…2011, damm 2011 I was playing games on my GPU!! What a fail :) -
[quote name=“mirrax” post=“40714” timestamp=“1386363533”]
[quote author=Kevlar link=topic=5536.msg40710#msg40710 date=1386363152]
Not bots actually.June, 2011. The price went from $17 dollars to a single penny inside of a few minutes. They rolled back all the trades. An account was compromised with a lot of coins, and the hacker sold off all about half a million bitcoins so he could buy more of them back again for cheap before cashing out.
[/quote]I meant reason why NYSE have this feature.
But thanks for this trip to history…2011, damm 2011 I was playing games on my GPU!! What a fail :)
[/quote]In 2011 GPU miners hadn’t been invented yet. But you were wasting your CPU. Had you spent even a few months mining in early 2011 you’d potentially be a millionaire today.
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Doctor, quickly! We’ve lost the patient’s pulse!
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[img]http://www.fanboy.com/wp-content/uploads/2010/06/khaaan.jpg[/img]
[glow=red,2,300][b]BAIDUUUUU![/b][/glow]
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[img]http://i.imgur.com/xZQ66jI.jpg[/img]
MYSTERY SOLVED
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[quote name=“HopeStillFlies” post=“40866” timestamp=“1386384338”]
MYSTERY SOLVED
[/quote];D
