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Topic: Goxed - 15:30 open - page 4. (Read 29831 times)

member
Activity: 112
Merit: 10
June 26, 2011, 05:00:43 PM
Depth is very low down to about $15...could see a quick fall shortly.  Would take just 1 sale.  Current price is tenous so be careful.
full member
Activity: 140
Merit: 100
June 26, 2011, 04:59:19 PM
What's up with this?

>>Trading working, up to 1 minute delay before order execution.<<

Does that mean Mt Gox is checking every order and manipulates trading?
Don't get it.

Front-running?

or just a delay.
full member
Activity: 168
Merit: 100
June 26, 2011, 04:58:01 PM
Alright, since I get cred for calling 14.01 the low price RIGHT before it took off, Here's my assessment:

The flash-mob storm has ended.

It's been trading now for about 4 hours (sortof, but yea).  All of expected open-crash-recover has subsided... and it looks to me like our new standard price is just below ~$16.5 (which is higher than TradeHill was at while MtGox was off, that's a good thing Smiley).



A) Initial crash
B) steady, constant selloff.  Afterwhich there is the attempt to find that low-low price.
C) I called it here
D) Peak.  Attempt to re-crash and cash-out on the high price, but shortly after, that re-crash didn't want to happen.  I think this is the strongest evidence that the new price point is tightening.  This peak is $1 higher than TradeHill at the time.
E) Price finds a seady point.  TradeHill and MtGox are mostly even for almost 30 minutes now (was never matched from A-D) and the trade margins are tightly packed.

I think that if anything diverges from this point on (which could certainly happen), it's not related to the flash-mob.
member
Activity: 107
Merit: 10
June 26, 2011, 04:52:03 PM
lol i had my antidepressants ready and everything for a fall to around 10$ish...
newbie
Activity: 57
Merit: 0
June 26, 2011, 04:49:07 PM
So, I have my account back and I can log into MtGox.  However, all my bitcoins and money is gone.  I had 112 btc before the crash in Gox and only a few cents of cash.  Now, I have double zero balances.  I have emailed every address at MtGox and opened tickets with no replies for days. 
I'm wondering if others are having the same issues as well as what anyone would suggest I try to do about it.
legendary
Activity: 1204
Merit: 1002
June 26, 2011, 04:47:58 PM
What's up with this?

>>Trading working, up to 1 minute delay before order execution.<<

Does that mean Mt Gox is checking every order and manipulates trading?
Don't get it.

Front-running?
full member
Activity: 238
Merit: 100
June 26, 2011, 04:47:48 PM
It's not done yet. Give it time for the rest of the world to wake up, those gone for the weekend to show back up and all these crazy high orders to clear. I'm still looking for lower but I will admit it's help well if the trades are not being screwed with.
newbie
Activity: 46
Merit: 0
June 26, 2011, 04:46:29 PM
member
Activity: 107
Merit: 10
June 26, 2011, 04:40:54 PM
ZOMG BTCZZ CRASHIN BRO SELL SELL SELL..

i miss the trolls.
full member
Activity: 126
Merit: 100
June 26, 2011, 04:39:54 PM
this is nuts.





i don't understand.

nobody does.  if they say they do they're lying or dumb.

just pick a position and hold on tight...
member
Activity: 60
Merit: 10
June 26, 2011, 04:37:07 PM
Yeah really unsure who is buying right now. I can understand selling. I can understand holding. But not buying. Good thing I'm not The Market.

From a short-term speculative point of view, yes.  But those starved of BTC recently who are focused on using them to conduct commerce may have been pleased to get a discount of up to $3.50 on their purchases.

Also many buyers may have layered their initial orders with smaller amounts at slightly discounted prices and larger amounts at lower prices, the latter of which may not be reached.

It seems the repeatedly delayed, unpredictable, and slow start to trading has avoided (or postponed) a frenzied drop in value that could have rapidly become self-reinforcing for a while.
legendary
Activity: 2408
Merit: 1121
June 26, 2011, 04:34:30 PM
So much for the end of the world:

Mt.Gox: 16.48 last, 16.41/16.48 bid/offer

Tradehill: 16.299 last, 16.299/16.48 bid/offer

Where are all the "CRASH CRASH CRASH" trolls? Oh, that's right, they are drowning under their bridges because the river his risen so fast. That is what I like about markets, you don't have to do anything but be on the right side.

legendary
Activity: 2198
Merit: 1311
June 26, 2011, 04:33:44 PM
Ok, we just had a massive security desaster, all passwords on the biggest exchange were leaked, it was down for a week, lots of BTC were stolen and prices are going UP right back after? Wtf..

Yeah really unsure who is buying right now. I can understand selling. I can understand holding. But not buying. Good thing I'm not The Market.

Well, there's obviously more money than it's visible from the standing bids, and, honestly, I think the fact that bitcoins held around $15 after the whole MtGox disaster is a good sign.  But, who knows.  To tell you the truth, I'd probably buy some more now if I had any cash in any exchange.
legendary
Activity: 1974
Merit: 1030
June 26, 2011, 04:32:14 PM
I also support the theory "Let's turn this USD into BTC and take them away!".
hero member
Activity: 616
Merit: 500
June 26, 2011, 04:25:52 PM
this is nuts.





i don't understand.
jr. member
Activity: 42
Merit: 2
June 26, 2011, 04:22:30 PM
This is a rollercoaster, we are at 16.45!

...17.51 >> HERE WE COME!
jr. member
Activity: 56
Merit: 1
June 26, 2011, 04:21:15 PM
Ok, we just had a massive security desaster, all passwords on the biggest exchange were leaked, it was down for a week, lots of BTC were stolen and prices are going UP right back after? Wtf..

Yeah really unsure who is buying right now. I can understand selling. I can understand holding. But not buying. Good thing I'm not The Market.

Buying is the easiest way to get your money out. Buy bitcoins, transfer them out. Move btc to another site.
full member
Activity: 210
Merit: 100
firstbits: 121vnq
June 26, 2011, 04:12:31 PM
Ok, we just had a massive security desaster, all passwords on the biggest exchange were leaked, it was down for a week, lots of BTC were stolen and prices are going UP right back after? Wtf..

Yeah really unsure who is buying right now. I can understand selling. I can understand holding. But not buying. Good thing I'm not The Market.
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
full member
Activity: 182
Merit: 100
June 26, 2011, 04:11:39 PM
What's up with this?

>>Trading working, up to 1 minute delay before order execution.<<

Does that mean Mt Gox is checking every order and manipulates trading?
Don't get it.
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