Author

Topic: Bitcoin is crashing (Read 6032 times)

full member
Activity: 168
Merit: 100
October 09, 2014, 12:47:08 PM
#67
Ooh the mtgox "trading engine" lag message, how I miss those *not*.
I remember the moon landing gif when Mt Gox hit 1k. Will we know these feels ever again?
legendary
Activity: 1176
Merit: 1010
Borsche
October 09, 2014, 10:55:16 AM
#66
Ooh the mtgox "trading engine" lag message, how I miss those *not*.
full member
Activity: 215
Merit: 101
October 09, 2014, 03:47:30 AM
#65

SELL IMMEDIATELY
Ye-ass, kommander! Beetcoin ease crushing!
full member
Activity: 212
Merit: 100
March 08, 2013, 01:07:44 AM
#64
Was at 7 minutes, now 9.
I saw it as low as 6 a few minutes ago. Either they are having hardware trouble, or else a bunch more people (or bots?) are piling on with more new orders.
Does this actually delay the price quotes or is it just related to time a trade takes to settle to a traders account? If prices are off by that time lag then it would be impossible to do any trading.

Its the order matching engine.

Such amateur service

Indeed.. Im really impressed so many user still trade on Gox !  They make 10k$+ a day, and are not able to get a better setup to cope with heavy traffic !!!  I've moved on alternatives trading service a while ago, and do not regret at all.. Dont miss those lag and those unavaillability..

Remember, in a day like the 170k+ volume, they make more than 60 000 $ profit, for 24 hour !  And are still on cheap hardware / connection !  What a lame !

AFAIK they still dont have stop-lost order !  I'm mystified !!!

Just move your trading on some alternative trading service, some are much better !   Just try, you may never come back to Gox !
Very true, with the amount of money they earn they should be able to provide a server without any lag. The yubikey they sent me a few months ago(free of charge) however was a nice initiative and very much appreciated. What's keeping me from gox is the long time it takes to get my money out aswell as the lag & cost of transactions. There's better & cheaper exchanges around.
legendary
Activity: 1002
Merit: 1000
Bitcoin
March 07, 2013, 10:28:13 PM
#63
Was at 7 minutes, now 9.
I saw it as low as 6 a few minutes ago. Either they are having hardware trouble, or else a bunch more people (or bots?) are piling on with more new orders.
Does this actually delay the price quotes or is it just related to time a trade takes to settle to a traders account? If prices are off by that time lag then it would be impossible to do any trading.

Its the order matching engine.

Such amateur service

Indeed.. Im really impressed so many user still trade on Gox !  They make 10k$+ a day, and are not able to get a better setup to cope with heavy traffic !!!  I've moved on alternatives trading service a while ago, and do not regret at all.. Dont miss those lag and those unavaillability..

Remember, in a day like the 170k+ volume, they make more than 60 000 $ profit, for 24 hour !  And are still on cheap hardware / connection !  What a lame !

AFAIK they still dont have stop-lost order !  I'm mystified !!!

Just move your trading on some alternative trading service, some are much better !   Just try, you may never come back to Gox !
sr. member
Activity: 462
Merit: 250
March 06, 2013, 10:11:00 PM
#62
Was at 7 minutes, now 9.
I saw it as low as 6 a few minutes ago. Either they are having hardware trouble, or else a bunch more people (or bots?) are piling on with more new orders.
Does this actually delay the price quotes or is it just related to time a trade takes to settle to a traders account? If prices are off by that time lag then it would be impossible to do any trading.

Its the order matching engine.

Such amateur service
hero member
Activity: 784
Merit: 1009
firstbits:1MinerQ
March 06, 2013, 10:07:12 PM
#61
Was at 7 minutes, now 9.
I saw it as low as 6 a few minutes ago. Either they are having hardware trouble, or else a bunch more people (or bots?) are piling on with more new orders.
Does this actually delay the price quotes or is it just related to time a trade takes to settle to a traders account? If prices are off by that time lag then it would be impossible to do any trading.
legendary
Activity: 1400
Merit: 1013
March 06, 2013, 09:21:30 PM
#60
Was at 7 minutes, now 9.
I saw it as low as 6 a few minutes ago. Either they are having hardware trouble, or else a bunch more people (or bots?) are piling on with more new orders.
legendary
Activity: 1692
Merit: 1018
March 06, 2013, 09:17:37 PM
#59

It's the MtGox Fail Meter.  Was at 7 minutes, now 9.  Who knows, maybe the price is $50 right now or $35. 
legendary
Activity: 1400
Merit: 1013
legendary
Activity: 1386
Merit: 1002
March 06, 2013, 09:02:54 PM
#57
the trading engine lag is at 6 minutes now on gox

how can you tell?

notig haz got a trading engine lag meter
legendary
Activity: 2212
Merit: 1008
March 06, 2013, 08:38:29 PM
#56
the trading engine lag is at 6 minutes now on gox

how can you tell?
sr. member
Activity: 294
Merit: 250
March 06, 2013, 08:36:33 PM
#55
the trading engine lag is at 6 minutes now on gox
hero member
Activity: 700
Merit: 500
daytrader/superhero
March 06, 2013, 08:33:43 PM
#54
Bull Trap?
newbie
Activity: 42
Merit: 0
March 06, 2013, 08:25:25 PM
#53
The crash seems real. Probably down to about $15 again. O well, buy low sell high, repeat.  Grin
newbie
Activity: 17
Merit: 0
March 06, 2013, 08:13:11 PM
#52
The sells are piling up on cavirtex..   Seeing much more down pressure than support
legendary
Activity: 1512
Merit: 1036
March 06, 2013, 08:11:46 PM
#51
As long as we are posting charts, this one's live:

sr. member
Activity: 448
Merit: 250
this statement is false
March 06, 2013, 08:07:45 PM
#50
just wait.



called it.

I told you guys it would crash at one point  Grin

LMAO!
Losing 6 hours of gains is pretty pathetic for a crash.

try 6 days
legendary
Activity: 1400
Merit: 1013
March 06, 2013, 08:06:55 PM
#49
Without even reading the rest of the thread:
Thanks dude. You just made my day. Laughed so hard!  Cheesy
It won't be a real crash until we get at least a red candle on the weekly.
legendary
Activity: 1386
Merit: 1002
March 06, 2013, 08:02:21 PM
#48
I told you guys it would crash at one point  Grin

LMAO!
Losing 6 hours of gains is pretty pathetic for a crash.

Without even reading the rest of the thread:
Thanks dude. You just made my day. Laughed so hard!  Cheesy
full member
Activity: 126
Merit: 100
March 06, 2013, 07:58:35 PM
#47
http://www.youtube.com/watch?v=zCfoCqM93Eg
Quote
Whos gonna be my saviour?
Wonder if Ill ever make it

I try to sleep
In a bed on fire
A change must come
No matter how
Theres no return
Ashes to ashes
Dust to dust
But everything will burn
member
Activity: 62
Merit: 10
March 06, 2013, 07:56:52 PM
#46
Sold at 45   Cheesy  ZORGBERG!  Now let's see how low it goes before I buy

 Kiss Kiss Kiss Kiss
member
Activity: 86
Merit: 10
March 06, 2013, 07:54:54 PM
#45
Last price:$34.00000
High:$49.09900
Low:$33.83133
Volume:157416 BTC
Weighted Avg:$43.67950

on my mtgox page
sr. member
Activity: 363
Merit: 250
March 06, 2013, 07:53:30 PM
#44
Lets sell past that 30 dollar mark!

SELL SELL SELL
newbie
Activity: 17
Merit: 0
March 06, 2013, 07:52:23 PM
#43
We have lost support on cavirtex.. support has moved to 32.. that's probably the next step.
hero member
Activity: 700
Merit: 500
daytrader/superhero
March 06, 2013, 07:44:52 PM
#42
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
March 06, 2013, 07:44:30 PM
#41
perhaps too many orders lol
BUY BUY BUY NOW!!! HEEHEHHEHEHE I know I AM!!!

well yeah, now it is relatively cheap. 36? wow,
full member
Activity: 210
Merit: 100
March 06, 2013, 07:43:34 PM
#40
perhaps too many orders lol
BUY BUY BUY NOW!!! HEEHEHHEHEHE I know I AM!!!

my instinct tells me too also but i may wait still
sr. member
Activity: 350
Merit: 250
March 06, 2013, 07:40:53 PM
#39
No chance for it to happen tonight? What do yall predict after ppl stop selling off their coins... tomorrows prices? It will come back wouldnt it? Its insane how a few ppl sell off, which causes a few more to panic, and before you know it everyone is frantically selling..
full member
Activity: 210
Merit: 100
March 06, 2013, 07:38:19 PM
#38
perhaps too many orders lol
sr. member
Activity: 363
Merit: 250
March 06, 2013, 07:37:49 PM
#37
Whats the chance it will make it back to $40 tonight?

Panic is setting in, especially with the huge lag on Gox.

I think it's gonna keep going down for a bit.
sr. member
Activity: 350
Merit: 250
March 06, 2013, 07:35:02 PM
#36
Whats the chance it will make it back to $40 tonight?
full member
Activity: 121
Merit: 100
March 06, 2013, 07:31:56 PM
#35
For every drop of greed in every man that did not cash out the greed is now replaced by FEAR.

This is beautiful.
Absolutely.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
March 06, 2013, 07:31:26 PM
#34
We need both hype and crash to test the faith and support  Smiley
member
Activity: 115
Merit: 10
March 06, 2013, 07:29:55 PM
#33
[deleted]
full member
Activity: 121
Merit: 100
March 06, 2013, 07:22:11 PM
#32
When bitcoin hit $47 I moved my bitcoins to MtGox to dump them all.  The transfer took so long and MtGox is so extremely slow that by the time the bitcoins made it the price was $42.  Now I have an order to sell and the price is below $40, with my order still pending.  
Sell or crash!
legendary
Activity: 1692
Merit: 1018
March 06, 2013, 07:04:10 PM
#31
When bitcoin hit $47 I moved my bitcoins to MtGox to dump them all.  The transfer took so long and MtGox is so extremely slow that by the time the bitcoins made it the price was $42.  Now I have an order to sell and the price is below $40, with my order still pending.  
sr. member
Activity: 350
Merit: 250
March 06, 2013, 07:03:39 PM
#30
im gna lose my ass today. about tosell what i have and try again later.
full member
Activity: 121
Merit: 100
March 06, 2013, 07:02:42 PM
#29
It is 41 already :-) Remember that bitcoin can reach 20usd without losing the uptrend.
full member
Activity: 215
Merit: 105
Poorer than I ought to be
March 06, 2013, 06:59:37 PM
#28
Don't worry when you wake up tomorrow it will be at $60 :-)

More likely $30 within 48 hours or so, but time will tell
member
Activity: 71
Merit: 10
hi
March 06, 2013, 06:51:03 PM
#27
Can you imagine if the stock market dropped 20% in a day.

This some white nuckle ride.

Don't worry when you wake up tomorrow it will be at $60 :-)
full member
Activity: 121
Merit: 100
March 06, 2013, 06:47:25 PM
#25
Back to 42. Volatility baby!!
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
full member
Activity: 127
Merit: 100
March 06, 2013, 06:42:19 PM
#23
bitcoin price is going up mostly by speculation, expect TRUE huge crash to 15USD or lower within 2 years timeframe on 95%. You were warned!

Please quote me for future reference. Thank you
full member
Activity: 121
Merit: 100
March 06, 2013, 06:25:33 PM
#22
You guys are all trolling saying that this is a crash correct? I need at least a daily red candle to call a crash. You can't trade the 15m graph, a bit of sanity!

That being said, this is a hell of a bubble, I have no idea of when it will stop. I guess triple digits.
Or tomorrow morning.
legendary
Activity: 1176
Merit: 1001
March 06, 2013, 05:08:16 PM
#21
You guys are all trolling saying that this is a crash correct? I need at least a daily red candle to call a crash. You can't trade the 15m graph, a bit of sanity!

That being said, this is a hell of a bubble, I have no idea of when it will stop. I guess triple digits.
legendary
Activity: 1400
Merit: 1013
March 06, 2013, 04:59:03 PM
#20
I told you guys it would crash at one point  Grin

LMAO!
Losing 6 hours of gains is pretty pathetic for a crash.
sr. member
Activity: 378
Merit: 250
March 06, 2013, 04:49:22 PM
#19
we aren't going to hit 49 again for a while

Indeed...  probably not until tomorrow  Grin
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
March 06, 2013, 04:48:49 PM
#18
I told you guys it would crash at one point  Grin

LMAO!
member
Activity: 112
Merit: 10
March 06, 2013, 04:32:07 PM
#17
we aren't going to hit 49 again for a while
copper member
Activity: 1428
Merit: 253
March 06, 2013, 04:28:06 PM
#16
Thank you! Smiley I love the fact that there are ups and downs, but fundamentally the currency is going up and it will continue to go up...
Sorry bears, or the way I call them, MORONS! Smiley
sr. member
Activity: 448
Merit: 250
March 06, 2013, 04:18:03 PM
#15
I absolutely love how 99% of bear threads here are parodies.
"BEARODIES" if you will.

The few people who make the 1% of bear threads that are serious - well, they must be pretty stupid have some balls I can't decide, maybe both?
sr. member
Activity: 338
Merit: 250
I use recycled electrons
March 06, 2013, 03:39:20 PM
#14
Sell Sell....46.81...LOL
 
sr. member
Activity: 350
Merit: 250
March 06, 2013, 01:27:08 PM
#13
its going for another peak!  Shocked
sr. member
Activity: 448
Merit: 250
this statement is false
March 06, 2013, 01:21:23 PM
#12
just wait.

sr. member
Activity: 420
Merit: 250
March 06, 2013, 11:52:58 AM
#11
this crash is really terrible!
legendary
Activity: 2674
Merit: 1029
March 06, 2013, 07:13:01 AM
#10
The rate of increase just shifted as of the 5th.  The market is heading into its next phase.  It has already gone through accumulation, early shack-out, ramp up.  Now it's heading into early distribution.

Expect to see wild swings in the next few weeks. And an eventual sell-off... then BC will establish a new base, and the cycle will repeat.  But the charts are indicating there is still plenty of power in the distribution phase.  I'm holding and watching closely. 

Having said that if BC is still here in 5 years, $50, $60, $100, hell even $200 will be cheap.

What game are you playing?  Speculation?  Long-term investment?  Day-trading?

If you're holding out for the 5 year window or more it would be stupid to sell right now at any price with the momentum BC has currently, and is only building.

But human nature as it is, we'll see several bubbles along the way, with irrational spikes and crashes as we might only see in the oil futures.  Nothing will change that.

Don't let the bubbles scare you out of the long-term macro trend here. 


What this chap said 110% kinda guy you would want to have your back
sr. member
Activity: 250
Merit: 250
March 06, 2013, 06:56:23 AM
#9
OP better go back to just trash talking bitcoin after this epic fail  Grin
hero member
Activity: 784
Merit: 1009
firstbits:1MinerQ
March 06, 2013, 06:40:23 AM
#8
Oops. Crash has been cancelled for now.
legendary
Activity: 3122
Merit: 1538
yes
March 06, 2013, 06:10:49 AM
#7
Sell at or near the current bubble top, load up for double number of BTC at the bottom.
hero member
Activity: 632
Merit: 500
March 06, 2013, 05:57:06 AM
#6
The rate of increase just shifted as of the 5th.  The market is heading into its next phase.  It has already gone through accumulation, early shack-out, ramp up.  Now it's heading into early distribution.

Expect to see wild swings in the next few weeks. And an eventual sell-off... then BC will establish a new base, and the cycle will repeat.  But the charts are indicating there is still plenty of power in the distribution phase.  I'm holding and watching closely. 

Having said that if BC is still here in 5 years, $50, $60, $100, hell even $200 will be cheap.

What game are you playing?  Speculation?  Long-term investment?  Day-trading?

If you're holding out for the 5 year window or more it would be stupid to sell right now at any price with the momentum BC has currently, and is only building.

But human nature as it is, we'll see several bubbles along the way, with irrational spikes and crashes as we might only see in the oil futures.  Nothing will change that.

Don't let the bubbles scare you out of the long-term macro trend here. 
sr. member
Activity: 363
Merit: 250
March 06, 2013, 05:03:28 AM
#5
No, it will first hit my sell offer at $78. Only then it crashes  Cool


Lol the way things are going, selling at 78 may seem like a bad idea in a few weeks.


Then again you could wake up tomorrow and it's 20$
legendary
Activity: 3122
Merit: 1538
yes
March 06, 2013, 05:01:00 AM
#4
No, it will first hit my sell offer at $78. Only then it crashes  Cool
sr. member
Activity: 363
Merit: 250
March 06, 2013, 04:55:43 AM
#3
A valiant effort.
legendary
Activity: 2618
Merit: 1007
March 06, 2013, 04:50:44 AM
#2
GO SHORT, ABANDON SHIP!!!!111!12

 Roll Eyes

In other news, this belongs into speculation (if at all in this forum...)
newbie
Activity: 54
Merit: 0
March 06, 2013, 04:48:34 AM
#1

SELL IMMEDIATELY
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