How will this mtgox screw-up affect the price?

zvs

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Quote from: cloon on July 21, 2012, 05:27:01 AM

Quote from: Blind on July 21, 2012, 05:24:19 AM

Looks like someone tried to put up scary wall and fat fingered the price, lol. I don't know, but buying 40k in one go is not very smart, maybe it's just rally trigger attempt gone bad

yes rally trigger screwed up by MtGox Angry

and i think he'll be angry too

yeah, i'd be pissed

ed:

if the thinking was that maybe it'd spark it higher, that was lost by mtgox going down for 7 hrs and people either getting ready to or already placing sell orders in the range that the guy bought into. i'd ask for an 8.8 * number of bitcoin refund

or maybe it's just someone that just *really* wanted some goddamn bitcoins (see www.youtube.com/watch?v=tpG8Z-k2koE) in which case they'll be back for more anyway

Jointops420

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There was 1.8mill on the orders books earlier today and after that big buy there still is 1.8 mill, this is sure going to be an interesting time ahead.
Good luck to everyone, as much as I want to see BTC succeed for the benefit of humanity I do for my own reasons of financial security.

Technomage

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Affordable Physical Bitcoins - Denarium.com

Thinking the price would go down thanks to this is hilarious. Gox had a technical glitch before and it didn't cause any sell offs. This is fairly similar, although this was in the middle of huge buying and an epic rally. So now that there is technical glitch because someone is making one of the biggest buys all time, price will go down? LOL. This is more bullish than anything, Gox can't handle the buying pressure.

aq

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Quote from: Jointops420 on July 21, 2012, 05:29:08 AM

Quote from: Blind on July 21, 2012, 05:24:19 AM

Looks like someone tried to put up scary wall and fat fingered the price, lol. I don't know, but buying 40k in one go is not very smart, maybe it's just rally trigger attempt gone bad

The dumper of the last few days hit the wrong button yeeeehaaa love it.

More the other way around:
Only on MtGox you can buy 70kBTC without affecting the price

BadBear

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I'd be pissed if I was him.

Jointops420

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Quote from: Blind on July 21, 2012, 05:24:19 AM

Looks like someone tried to put up scary wall and fat fingered the price, lol. I don't know, but buying 40k in one go is not very smart, maybe it's just rally trigger attempt gone bad

The dumper of the last few days hit the wrong button yeeeehaaa love it.

cloon

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Quote from: Blind on July 21, 2012, 05:24:19 AM

Looks like someone tried to put up scary wall and fat fingered the price, lol. I don't know, but buying 40k in one go is not very smart, maybe it's just rally trigger attempt gone bad

yes rally trigger screwed up by MtGox Angry

and i think he'll be angry too

Blind

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Looks like someone tried to put up scary wall and fat fingered the price, lol. I don't know, but buying 40k in one go is not very smart, maybe it's just rally trigger attempt gone bad

John (John K.)

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Away on an extended break

Everything's back! Gentlemen, start your...BOTS! Wink

cloon

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yeah looks like a new high at 9.72 Grin

Jointops420

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Its back and the 400k order went through.

cloon

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Quote from: molecular on July 21, 2012, 04:33:13 AM

Quote from: kentrolla on July 21, 2012, 01:57:26 AM

someone plz answer this question: what happened to the price after this happened the first time??

this hasn't happened before in this way.

not in this way but some similar things have happend already... but it never had a great influence on the price if there was nothing stolen. (and i think this time its just an intern mtgox fail)
so i do not expect a selloff, if this big buy up to 9.30 was real i see potential to the upside, if not we build a triangle and breakout will show the next direction

ps: something happend on btccharts

molecular

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Quote from: kentrolla on July 21, 2012, 01:57:26 AM

someone plz answer this question: what happened to the price after this happened the first time??

this hasn't happened before in this way.

molecular

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Quote from: Bitcoin Oz on July 21, 2012, 01:35:21 AM

Wow someone opened their warchest didnt they.

pirate squeeze?

molecular

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Quote from: kentrolla on July 21, 2012, 01:02:28 AM

any guesses on how long this will take to fix? i don't want to go to sleep before i sell my coins

you can still submit orders

kentrolla

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idk, thats all the info they gave me. at least they are working on fixing it

zvs

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https://web.archive.org/web/*/nogleg.com

Quote from: kentrolla on July 21, 2012, 03:28:20 AM

Gene, Jul 21 17:06 (JST):

Hello Ken,

We sincerely regret for the inconvenience. Our developer team is engaged on this task and they are working on the site to have this rectified as soon as possible. We will have you updated on this shortly .

Thanks,

MtGox.com Team

YAY! they know about it and are working on it

are they going to finish the 100k bitcoin market purchase ?

Yuhfhrh

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Well I can't keep my eyes open anymore Sad

Goodnight everyone and pleasant bitcoin dreams!

kentrolla

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Gene, Jul 21 17:06 (JST):

Hello Ken,

We sincerely regret for the inconvenience. Our developer team is engaged on this task and they are working on the site to have this rectified as soon as possible. We will have you updated on this shortly .

Thanks,

MtGox.com Team

YAY! they know about it and are working on it

Yuhfhrh

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Quote from: Bitcoin Oz on July 21, 2012, 02:55:56 AM

Quote from: Yuhfhrh on July 21, 2012, 02:53:05 AM

Quote from: kentrolla on July 21, 2012, 02:49:39 AM

Quote from: smoothie on July 21, 2012, 02:42:39 AM

I just sent mark an email on three of his different email addresses.

Hopefully he gets at least one of them. Also emailed [email protected].

tyvm. I WANT TO TRADE! GRRR!

3 AM... Can't sleep... Must keep refreshing everything! MT Gox fix this so I can go to bed lol

Everyone refreshing it constantly isnt going to help

Touche, but I can't help myself. I have a problem.

Topic: How will this mtgox screw-up affect the price? (Read 4802 times)