Wall Observer - MtGoxUSD wall movement tracker

[Cablez]

Was there a reason given by tux for the drop out?  DDOS?

[DougTanner]

Ok, I'm going to stop making predictions, this is all over the place.

My bot is frozen again, which means all the other bots are as well, hence the extreme volatility, they're not there to smooth it out.

[Krabby]

Sold 7 (half) at 141.5

Hope you don't pull the whole... sell high... buy even higher move I did that a couple times and learned my lesson.

I've done that a couple of times,
Still not learned my lesson

[BitcoinTate]

Down to 12 minutes lag and the price is still $138.

[Manticore]

This is almost exactly like the last outage......a large sell-off coalesces (correct me if I'm wrong, I wasn't watching as closely this time) and Mt. Gox magically pulls the plug and/or claims DDoS. I disagree with the notion that these outages exacerbate sell-offs. Quite the opposite, they offer a great excuse (wasn't technicals, no....it was Mt Gox). These outages are becoming so common that they prevent a full blown sell-off, which is exactly what trading curbs are meant to do on the major exchanges. I simply find it difficult to believe that the Mt Gox system doesn't scale well enough to handle a high volume influx of trades; the volume is paltry even during high volume peaks. A major catastrophic sell-off in BTC would hurt Mt. Gox much more than a few customers leaving. Just a theory.....and I say this without having seen the depth of trades/order book prior to outage, so it's pure, unfounded conjecture.

[BitcoinTate]

What makes me mad is last night before I went to bed I had a sell order in at $145 when the price was $120. I cancelled it when I saw BTC China was up to $170. Woke up and saw it had just hit $147.  lol

[ineededausername]

btcchina is at $160

[Krabby]

What makes me mad is last night before I went to bed I had a sell order in at $145 when the price was $120. I cancelled it when I saw BTC China was up to $170. Woke up and saw it had just hit $147.  lol

I don't know how by LITERALLY 70% of my bids and asks will always be 0.2% higher or lower than the peak or dip price.

[BitcoinTate]

What makes me mad is last night before I went to bed I had a sell order in at $145 when the price was $120. I cancelled it when I saw BTC China was up to $170. Woke up and saw it had just hit $147.  lol

I don't know how by LITERALLY 70% of my bids and asks will always be 0.2% higher or lower than the peak or dip price.

So far following BTC China's price by 12-24 hr has been the best indicator I have found anywhere for placing orders.

[dextryn]

30 minutes since 6 confirmations and still not showing up at gox

[Richy_T]

I simply find it difficult to believe that the Mt Gox system doesn't scale well enough to handle a high volume influx of trades;

You either don't work in IT or haven't worked there long enough.

[mccorvic]

I demand that Gox buy up to 150 again to make up for this stupidity!

[NamelessOne]

Woohoo, the lag is down to 9 mins! Only 9 minutes! 9 whole minutes! Oh my aren't we lucky! Oppss nevermind it is 10 minutes.

[Manticore]

I simply find it difficult to believe that the Mt Gox system doesn't scale well enough to handle a high volume influx of trades;

You either don't work in IT or haven't worked there long enough.

I don't work in IT. School me.....

[BitcoinTate]

I simply find it difficult to believe that the Mt Gox system doesn't scale well enough to handle a high volume influx of trades;

You either don't work in IT or haven't worked there long enough.

I don't work in IT. School me.....

Its been posted time and time again that the way they do their database queries is ssssllllllooooowwww. Shit even installing some SSD's with all their new found profits would fix the problem for awhile.

[mccorvic]

Unless I missed something, it looks like the big buy walls at $90 have vanished.  Preparing for a buy or placing the wall closer to 130??

[BitcoinTate]

Unless I missed something, it looks like the big buy walls at $90 have vanished.  Preparing for a buy or placing the wall closer to 130??

It looks bigger now on my bitcoinity chart?

[crazy_rabbit]

What makes me mad is last night before I went to bed I had a sell order in at $145 when the price was $120. I cancelled it when I saw BTC China was up to $170. Woke up and saw it had just hit $147.  lol

I don't know how by LITERALLY 70% of my bids and asks will always be 0.2% higher or lower than the peak or dip price.

So far following BTC China's price by 12-24 hr has been the best indicator I have found anywhere for placing orders.

It's true, I found myself checking btc china often myself too perhaps it's the big winner out of all of this.

[Richy_T]

I simply find it difficult to believe that the Mt Gox system doesn't scale well enough to handle a high volume influx of trades;

You either don't work in IT or haven't worked there long enough.

I don't work in IT. School me.....

It's not unusual for systems not to be designed to scale well, particularly when the need to scale is hard to foresee. Sometimes it's just under-specced hardware, sometimes it's unfortunate architecture decisions, sometimes it's something as simple as neglecting to add an appropriate index to a table (I have seen that drop a query lasting over a minute to sub-second response). Then, not only is your system suddenly struggling under a load, it's so busy that it's hard to interrupt it to perform necessary upgrades. Sort of a catch-22.

What also doesn't help is that your system can be performing fine up to maybe 95% capacity then you cross a threshold and everything goes to crap. Queries start failing so people start hammering the system more trying to get their information instead of getting it in a nice steady flow. You start falling behind and things just go from bad to worse, you're spending your time catching up instead of servicing new queries and because of this, people are putting in more and more new queries. Your problem is generating problems.

Now, ideally, MtGox would have spent some time architecturing things so that things could have scaled easily. Then again, ideally Cyprus wouldn't have set things up so that they had to dip into peoples bank accounts so...

[BitcoinTate]

What makes me mad is last night before I went to bed I had a sell order in at $145 when the price was $120. I cancelled it when I saw BTC China was up to $170. Woke up and saw it had just hit $147.  lol

I don't know how by LITERALLY 70% of my bids and asks will always be 0.2% higher or lower than the peak or dip price.

So far following BTC China's price by 12-24 hr has been the best indicator I have found anywhere for placing orders.

It's true, I found myself checking btc china often myself too perhaps it's the big winner out of all of this.

I added the BTC China Ticker chrome extension to my browser so I always have a live price indicator in the upper right hand corner.

I call it my "BTC Early Warning Price Indicator".. haha

https://chrome.google.com/webstore/detail/btc-china-ticker/oldbljnlaakjccbddlmgfmpnffhmggea?hl=zh-CN