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The MtGox 500

265 pointsby bryanjowersabout 11 years ago

18 comments

jimrandomhabout 11 years ago
Users 1 and 15&#x27;s charts make no sense - they have to be special system accounts of some sort. My guess is that #15 is the account that receives trading fees, and #1 represents MtGox itself (or some specific aspect of MtGox, such as its cold-storage).<p>There&#x27;re still a lot of points on these plots that don&#x27;t make sense, though; generally they look like vertical stripes labelled as sets of small sell orders, both far below and far above the market price. User 30 has what looks like a large sell (in Mar 2013) far above the highest-ever price. So either MtGox&#x27;s order-matching is way more broken than anyone ever knew (unlikely), or these actually represent fees, withdraws, or something similar, and the y-axis position is meaningless.<p>Also worthy of note is that massive sell order by user 1 in Nov 2013. That&#x27;s hard to interpret without knowing what the dots on that graph really mean (I doubt they&#x27;re trades), but it&#x27;s likely significant.
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drakaalabout 11 years ago
The biggest take away from this is that bots were driving the price up, and preventing its fall.<p>&quot;Bots&quot; offer a lot of stability to the market because they don&#x27;t react to bad news. Though an error can cause &quot;flash crashes&quot; As happened in May of 2010 on the stock market.<p><a href="http://en.wikipedia.org/wiki/2010_Flash_Crash" rel="nofollow">http:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;2010_Flash_Crash</a>
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enjalotabout 11 years ago
I love seeing the mostly red charts, looks like people that mined a lot. check #145 and #180. These people are selling at exponential curves on a log plot... mind blowing.
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pdeuchlerabout 11 years ago
Very cool. Important to realize the graphs are on a log scale... threw me for a loop for a second before I noticed.<p>Could one of these graphs represent the activity of Willy[0]?<p>As an aside, I experienced a nice bit of schadenfreude when looking at a lot of the graphs from ~250 to ~299<p>[0] <a href="https://bitcointalk.org/index.php?topic=497289.0" rel="nofollow">https:&#x2F;&#x2F;bitcointalk.org&#x2F;index.php?topic=497289.0</a>
ebspelmanabout 11 years ago
This is really beautiful. It&#x27;s an amazing amount of information to be borne (almost) purely visually.<p>My favorite is 117. They are the Devon Sawa in Final Destination of Bitcoin.
Zweihanderabout 11 years ago
Any theories on user 15?<p>The amount of money lost is a little easier to get your head around when you see so many traders buying at relatively high prices towards the end.
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nostromoabout 11 years ago
How amazing would it be if we had this kind of data for publicly traded stocks?
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ChuckMcMabout 11 years ago
Fun stuff. Bryan if this is your site can you add to the plot in the corner a dot with net value change? Assume that all bitcoin &quot;held&quot; are currently worthless, so a holding of 10 btc at the end would be -10*last sale price recorded on the exchange. That would give an interesting idea of which traders &quot;won&quot; the game and which &quot;lost.&quot;
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bertilabout 11 years ago
I’m not sure I understand the difference between the green Selling BitCoins (to get Dollars, presumably) and Buying Dollars (by selling BitCoins, also presumably).<p>I’m even more puzzled by the rates out of trade: did MtGox allowed traders to agree one-on-one on their own rates? That would allow a lot more laundering than any theft.<p>Missing too are relative size of the traders.
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dalek2point3about 11 years ago
i want to get married to stamen. the company. they&#x27;re so awesome.
BTC_BruceWillisabout 11 years ago
Pretty interesting stuff. Thanks for the dataviz. What kind of coin volume did it take to get in to the top 500?
zxexzabout 11 years ago
This is incredibly well done. Did you just download all the data and analyze it with some crazy R skills?
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square1about 11 years ago
1-45 is interesting when compared to 15. Others mentioned this may be a bug in data interpretation or a GOX account, but if you look at all of the high volume traders you can see horizontal striations that correlate with user15.
firebonesabout 11 years ago
What pattern would most likely represent the Winklevoss pattern? Assuming there was trading prior to raising public awareness?
smrtinsertabout 11 years ago
Really cool visualization. I wish we could see similar for retail vs institutional traders in the capital markets.
thanabout 11 years ago
Great use of small multiples.
munimkaziaabout 11 years ago
Isn&#x27;t User 15 proof that the entire market is flawed and the users were scammed?
imperialdriveabout 11 years ago
AMAZING!!!