Topic: All exchanges should halt trading (Read 2388 times)
Halts in trading only work when the underlying product is only traded on one exchange.
Thats why the NYSE or Nasdaq can halt a single stock as it isn't traded elsewhere. If it's traded elsewhere than participants on other platforms get to trade whilst the closed exchange's customer suffer. Thats why you cannot halt trading in Forex or gold for example, they are traded in too many places.
people were unable to change their orders during the lag. how is that free market?
mtgoxs platform is horrid. if they don't freeze and take care of things things will go to hell a lot faster.
they are at the moment the cause of many problems
mtgoxs platform is horrid. if they don't freeze and take care of things things will go to hell a lot faster.
they are at the moment the cause of many problems
You speak with your wallet by moving to a different exchange. That's how it's free market.
for at least 24h or 48 ours
Fredi,
Stock exchanges have preset conditions which trigger a trading halt. These conditions are well documented and known by all market participants, so it is fair to everyone.
Declaring an arbitrary trading halt can seriously damage some traders / strategies, while unfairly benefiting other strategies.
That's why we have kept CampBX trading platform open.
- Keyur
Yeah let's do it Stalin's way!
for at least 24h or 48 ours
I am assuming you say this because the price has halved over few days. Why didn't you say anything when the price doubled over few days?
This is the worst thing Gox has done so far i think, i seriously hope this completely kills the exchange in the near future. They don't deserve to be an exchange for a free-market currency.
There are other markets out there to trade. Just because one shut down doesn't mean the market won't correct or that it is not a free market.
Thankfully MtGox is not the SEC :-)
Thankfully MtGox is not the SEC :-)
While I was paying attention to the price chart, this message popped up:
I cannot believe Mt. Gox halted trades. How is Bitcoin supposed to be a free market, if it is not allowed to correct itself?
I disagree with this action and think they should immediately resume orders. Mt Gox is not the SEC.
Going to that link:
I cannot believe Mt. Gox halted trades. How is Bitcoin supposed to be a free market, if it is not allowed to correct itself?
I disagree with this action and think they should immediately resume orders. Mt Gox is not the SEC.
Going to that link:
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
for at least 24h or 48 ours
You shouldn't be out of the newbie section. 
While I was paying attention to the price chart, this message popped up:
I cannot believe Mt. Gox halted trades. How is Bitcoin supposed to be a free market, if it is not allowed to correct itself?
I disagree with this action and think they should immediately resume orders. Mt Gox is not the SEC.
I cannot believe Mt. Gox halted trades. How is Bitcoin supposed to be a free market, if it is not allowed to correct itself?
I disagree with this action and think they should immediately resume orders. Mt Gox is not the SEC.
I wonder if "Tarding" was intentional.
While I was paying attention to the price chart, this message popped up:
I cannot believe Mt. Gox halted trades. How is Bitcoin supposed to be a free market, if it is not allowed to correct itself?
I disagree with this action and think they should immediately resume orders. Mt Gox is not the SEC.
Going to that link:
I cannot believe Mt. Gox halted trades. How is Bitcoin supposed to be a free market, if it is not allowed to correct itself?
I disagree with this action and think they should immediately resume orders. Mt Gox is not the SEC.
Going to that link:
How about those that want to halt trading, do so themselves and leave everyone else to make their own decisions?
BB.
BB.
We are lucky "fredi" is here to order us what to do 
Freezing is worse than anything else.
I wouldn't mind a 75% drop. Hell, after the crazy few weeks, a 90% could be healthy.
But a freeze... This leaves a really bad impression.
I wouldn't mind a 75% drop. Hell, after the crazy few weeks, a 90% could be healthy.
But a freeze... This leaves a really bad impression.
why? so you can buy from all the newbies who panic sold for your own personal gain?
freeze doesn't leave a bad impression it says: our software is SHIT and we are taking time to make sure that our shit software stops messing everything up. how is this not better. the problem is not the prices it's the website! just one website.
@fredi173
@superduh
What do you think is going to happen, the second that Gox is re-activated?
BB.
@superduh
What do you think is going to happen, the second that Gox is re-activated?
BB.
Just bought for $64 at cavirtex. Great success
Freezing is worse than anything else.
I wouldn't mind a 75% drop. Hell, after the crazy few weeks, a 90% could be healthy.
But a freeze... This leaves a really bad impression.
I wouldn't mind a 75% drop. Hell, after the crazy few weeks, a 90% could be healthy.
But a freeze... This leaves a really bad impression.
free market my ass..................
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
will this change? i hope so. but, it hasn't yet.
people are free to do whatever the want. no doubt.
however, blatant manipulation is horrible and will have horrible consequences.
it's better to have people be able to adjust than have orders be executed hours later
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
will this change? i hope so. but, it hasn't yet.
people are free to do whatever the want. no doubt.
however, blatant manipulation is horrible and will have horrible consequences.
it's better to have people be able to adjust than have orders be executed hours later
Blatant price manipulation has been going on for months, if not longer. If you run Slush's Sierrachartfeed app that you can find on the forum, these very small trades trying to manipulate prices up or down happen often.
The problem is the inability of the platform to handle the volume, not from people trying to manipulate the market. If Bitcoin can't survive those attempts, it is doomed to failure for sure.
balderdash
the exchanges that can handle the server load (camp bx, bct-e, perhaps others) are already trending back up into the 80s or 90s
the exchanges that can handle the server load (camp bx, bct-e, perhaps others) are already trending back up into the 80s or 90s
No it isn't. All the time Gox tries to wipe people's asses so they don't get nappy rash from the risks they took on what they know to be an unstable system, it perpetuates this stupid culture where everyone demands to be saved from their losses.
This is bitcoin; you have no warranty and no service level agreement.
BB.
This is bitcoin; you have no warranty and no service level agreement.
BB.
free market my ass..................
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
God help you if you ever find #otc
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