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Topic: New Mt Gox Press Release - Feb 10 - they are claiming flaw in bitcoin protocol ! - page 11. (Read 33055 times)

sr. member
Activity: 353
Merit: 253
I think Mark is playing with fire...

There will be a lot of angry people if bitcoins are not given back to their owners...

Is this a threat? Yes, but not by me.

Best regards,
ilpirata79
sr. member
Activity: 256
Merit: 250
Sorry GOX you failed to get your coins back cheaper  Cry  Cry  Cry  Cry  Cry  Cry

Well done to the smart bitcoin community, I'm not very technical but your quick responses made it clear this a non-issue & GOX FUD.

Bitcoin community 1               MTGox 0

(I actually think the people who tried to cause crash on this news have actually lost money because of the swift rebound.)

 

Lol what rebound, its till $100 lower than yesterday
newbie
Activity: 11
Merit: 0
This is GREAT news. It means Gox has identified the problem and is taking steps to correct it.

yeah, you bet it
legendary
Activity: 1176
Merit: 1011
A shitload went for 102.
Not entirely. A shitload went for prices ranging from $600 to $102. ALL open buy orders in that range were filled, only the few at the very bottom went for $102.

This is what happens if some retard dumps 10,000+ coins in a no-limit order Smiley
full member
Activity: 196
Merit: 100
Fucking Japanese mafia.

They are not Japanese, American mafia maybe?

Mark is French


Don't hate me for a (bad?) joke, but in some cases that's worst than Japanese x American Smiley
hero member
Activity: 658
Merit: 500
legendary
Activity: 1138
Merit: 1001
Sorry GOX you failed to get your coins back cheaper  Cry  Cry  Cry  Cry  Cry  Cry

Well done to the smart bitcoin community, I'm not very technical but your quick responses made it clear this a non-issue & GOX FUD.

Bitcoin community 1               MTGox 0

(I actually think the people who tried to cause crash on this news have actually lost money because of the swift rebound.)

 
hero member
Activity: 490
Merit: 500
Fucking Japanese mafia.

They are not Japanese, American mafia maybe?
legendary
Activity: 1456
Merit: 1000
There will be many many more loosers in that flash crash than winners. About 4k BTC were bought and sold throughout the 2mins of the crash and recover on BTC-e. So it's likely that people entrusting their money to auto-trading robots saw those Bots sell their holdings on the way down sell, sell, sell. That's likely what caused the crash.
Depending on the settings they were using the Bots will have either not bought back or tried to buy back and failed/got a worse price than they sold for. There will have been many manual buy's at the low levels and they would have been buying the Bots panic sells. This is another reason NOT to use a Bot. They do not win over the long run.


http://en.wikipedia.org/wiki/2010_Flash_Crash

Can you please delete this post.  Wink
legendary
Activity: 2212
Merit: 1199
Eh Smiley MtGox is making such stress for btc and for all of us.

Maybe better if they just shut down and shut up Smiley

Blaming Bitcoin for all of this ... only MtGox suffers problems I guess. Bter, BTC-e. vircurex, and other are working ok and with no problem.

Maybe we should think about why we use MtGox ? (I dont Tongue)
sr. member
Activity: 280
Merit: 250
IIIIII====II====IIIIII
There will be many many more loosers in that flash crash than winners. About 4k BTC were bought and sold throughout the 2mins of the crash and recover on BTC-e. So it's likely that people entrusting their money to auto-trading robots saw those Bots sell their holdings on the way down sell, sell, sell. That's likely what caused the crash.
Depending on the settings they were using the Bots will have either not bought back or tried to buy back and failed/got a worse price than they sold for. There will have been many manual buy's at the low levels and they would have been buying the Bots panic sells. This is another reason NOT to use a Bot. They do not win over the long run.


http://en.wikipedia.org/wiki/2010_Flash_Crash


'The joint report "portrayed a market so fragmented and fragile that a single large trade could send stocks into a sudden spiral,"[10] and detailed how a large mutual fund firm selling an unusually large number of E-Mini S&P 500 contracts first exhausted available buyers, and then how high-frequency traders (HFT) started aggressively selling, accelerating the effect of the mutual fund's selling and contributing to the sharp price declines that day'
sr. member
Activity: 434
Merit: 250

Wait wait wait. So someone got bitcoin for ~$100?

A shitload went for 102.

i'm not watching the statistics whatsoever, so have no real feedback on this, but if this is true, I doubt it's the doing of the actual exchange... think about it... there are 600TH farms dotted around, which may have piled up a nice little stash of coinage. I'd say it could be pretty easy for some of these to just release a few cheap coins and not feel any pain from the price. Bitcoin has become so easy to control since the price spike and the real exchanges have hated it with a passion for a while since. The volatility has brought in lunchbox joes and kids with daddy's funds, speculating in a big players game with tiny sums of cash.

the term, 'everyone a winner' is fading away...
hero member
Activity: 686
Merit: 500
Wat
hero member
Activity: 630
Merit: 501

I think they know they're done. This is probably just their death-rattle. If people still use them after this then I can't even.


I think your right. Instead taking the blame for f'n up they probably thought putting the blame back on bitcoin would save their shirts, and maybe it has a little bit but overall it hasn't. It's time for the owners of MtGox to close their shop and open a new one, hopefully they can apply what they have learned to the next exchange making bitcoin more stronger and stable.

legendary
Activity: 1456
Merit: 1000
This is a f cking bad news!!! That mean the core developers better hurry. I want to withdraw!!

If you want to exit your position, I might be able to take it over.

PM me. Will throw in a couple of pizzas. Wink
global moderator
Activity: 3934
Merit: 2676
Join the world-leading crypto sportsbook NOW!
IF and big IF Mt.Gox survive this you would have to be a fool to stay with them, they are done now, R.I.P Mt Gox

I think they know they're done. This is probably just their death-rattle. If people still use them after this then I can't even.

I really don't understand why some were panic selling as low as $500??
(Now price are back to reasonable levels)

This Gox statement of shifting blame is obviously another excuse not to pay out, it only affects people with fiat/bitcoins inside Gox.

Gox has been trading below other major exchanges for days now, Gix pulling away is kind of expected, right? For those who have coins in exchanges elsewhere, there is little to worry... why doesn't those people see that?


It went lower than that. Was at about $100. I've no idea who was selling for that low. Why would they? It's baffling.

Wait wait wait. So someone got bitcoin for ~$100?

A shitload went for 102.
sr. member
Activity: 256
Merit: 250
Why the hell would anyone sell theirs for lower that DOES NOT have their coins at MtGox?(btc-e, etc) ? What idiots. I have been trying to handle this in my brain since Friday why the other exchanges are going lower. All I can come up with is people are stupid.
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged



Make sure this appears on every page of the thread from now on. 
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