Topic: "Market cooldown, order placing suspended until 2013-04-12 02:00:00 UTC" (Read 24478 times)
April 11, 2013, 10:46:16 AM
I just bought 1 BTC for $100 - thought it was xmas - especially as localbitcoins is using MTGox prices as its guide!
April 11, 2013, 10:45:18 AM
the other exchanges will stay near gox price, even if it froze for a week. I hope the don't though, maybe this is chance to break away from gox
April 11, 2013, 10:44:37 AM
Confirmed on Twitter: https://twitter.com/MtGox/status/322355614414147588
"Trading is suspended until 2013-04-12 02:00am UTC for market cooldown. Once back trading will be also faster."
I guess MtGox thinks they're the shit and can save us from ourselves?
"Trading is suspended until 2013-04-12 02:00am UTC for market cooldown. Once back trading will be also faster."
I guess MtGox thinks they're the shit and can save us from ourselves?
April 11, 2013, 10:43:28 AM
but people can still withdraw their bitcoins and sell at another exchange right?
so it's not the Central Bank of Bitcoin.
so it's not the Central Bank of Bitcoin.
April 11, 2013, 10:35:51 AM
Come on guys, they made a few Mio$ yesterday. Well deserved money You wouldn't have taken it?
They should come back up with an absolute trading fee like .001Btc if they can't handle the traffic. It's an ugly solution but it would calm things down i guess.
You wouldn't have taken it?They should come back up with an absolute trading fee like .001Btc if they can't handle the traffic. It's an ugly solution but it would calm things down i guess.
April 11, 2013, 10:33:53 AM
So now they decide to do this, not after yesterday's 1 hour lag? What fucking joke these guys are..
Second thatThirded. WTF.
April 11, 2013, 10:30:48 AM
gox makes money on the value of BTC, low fee's if the price is low ect, this is in mtgox interest to try and stop this selling. also any deals and partnership that they have lined up in future will be affected by bitcoin looking embarrassingly like penny stocks at this stage. nothing shakes confidence more that this. I don't believe I can trust gox at this point, also they are making it seem that lag is causing selling, but it's there dodgy system that can't handle selling that creates the lag, so they give out bad information about ddos'ers and there motives implying that you should not panic sell. they make it seem bitcoin selling wouldn't happen on its own.
The lag doesn't start the selling, but no doubt the lag creates a cascade event that becomes a near paradox of fear and selling.
April 11, 2013, 10:27:28 AM
gox makes money on the value of BTC, low fee's if the price is low ect, this is in mtgox interest to try and stop this selling. also any deals and partnership that they have lined up in future will be affected by bitcoin looking embarrassingly like penny stocks at this stage. nothing shakes confidence more that this. I don't believe I can trust gox at this point, also they are making it seem that lag is causing selling, but it's there dodgy system that can't handle selling that creates the lag, so they give out bad information about ddos'ers and there motives implying that you should not panic sell. they make it seem bitcoin selling wouldn't happen on its own.
April 11, 2013, 10:26:27 AM
So they did nothing when the price was jumping up and down by 100$ with a 70+ minute lag, but now that everything has calmed down a bit they stop all trading for a "cooldown"? I don't understand this.
Correct. They should have done this yesterday and were foolish to have let an hour+ of lag accumulate. They clearly have learned their lesson. This is currently the only way to fight back against the lag and ddos. Let it subside and restart trading.
April 11, 2013, 10:24:06 AM
If they let this lag and ddos carry on it can tank things further for no damn reason. They need to upgrade the hell out of their systems.
April 11, 2013, 10:23:23 AM
Someone please explain to me why it's 'good news' that a single exchange trade curbs in a *decentralized* environment. Spells trouble for sure!
April 11, 2013, 10:23:03 AM
So now they decide to do this, not after yesterday's 1 hour lag? What fucking joke these guys are..
Second that 
April 11, 2013, 10:22:35 AM
Finally.
April 11, 2013, 10:22:24 AM
So they did nothing when the price was jumping up and down by 100$ with a 70+ minute lag, but now that everything has calmed down a bit they stop all trading for a "cooldown"? I don't understand this.
April 11, 2013, 10:21:15 AM
April 11, 2013, 10:21:04 AM
So now they decide to do this, not after yesterday's 1 hour lag? What fucking joke these guys are..
April 11, 2013, 10:19:01 AM
This is really bad for me.
I' half fiat at the moment and pending verification.
This means I cannot get my money out to buy while they're rising.
I' half fiat at the moment and pending verification.
This means I cannot get my money out to buy while they're rising.
April 11, 2013, 10:18:46 AM
NO, this is manipulation and it's not OK 
I had just chosen to profit from the dips to get WAY more coins.
They just spoiled my favourite game.
(OTOH this is likely an excuse to finally do the upgrades they need)
I had just chosen to profit from the dips to get WAY more coins.
They just spoiled my favourite game.
(OTOH this is likely an excuse to finally do the upgrades they need)
April 11, 2013, 10:18:25 AM
"We can't handle it. Will be getting hammered at the bar until tomorrow.
love,
mtgox"
love,
mtgox"
April 11, 2013, 10:18:20 AM
wtf! 24 hours service suspension
SPECULATION: MtGox is selling their own bitcoins first at the highest bid LMAO
SPECULATION: MtGox is selling their own bitcoins first at the highest bid LMAO
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