Ask HN: What is happening on Mt. Gox right now?

10 points by ljd 12y ago ↗ HN

http://www.bitcoin.clarkmoody.com/ I'm not sure if anyone has been watching but someone is buying 729.2489 BTC at 850. Which wouldn't be unusual if it wasn't following by an exact buy of 135 of 775 right after. This cycle has happened, with the exact same amounts for the past 30 minutes and I don't know what to make of it. It's just in a loop. The market won't move either way.

I know there is some kind of gaming going on, I just don't know what it is, yet. Any ideas?

2 comments

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washedup 12y ago ↗

I can confirm this. I have watched the cycle happen from ~877 to ~829 ten times now, with a bid size of 729 at 850 every single time. As soon as a price around 829 is filled, it shoots back up to 877. Each time the cycle lasts roughly 5 minutes.

ChrisClark 12y ago ↗

It's a bug. Mt. Gox had the same repeating bug before.

Basically, don't trade on Mt. Gox. It's not a good idea.