the trick was to put several buy orders in increasingly low prices
I timed the drop perfectly
Topic: Someone cashed out on mtgox - price from $17 to $0.01 in minutes! - page 4. (Read 24529 times)
June 19, 2011, 01:00:06 PM
June 19, 2011, 12:59:42 PM
Last Price: 15.35High:18.8766Low: 0.01Volume: 545053
lol, I hope that guy now eats his pants for not selling slowly, instead of getting like 1$ per BTC.
lol, I hope that guy now eats his pants for not selling slowly, instead of getting like 1$ per BTC.
HUH???
HALF A MILLION BTC?
Is that correct?
June 19, 2011, 12:59:13 PM
Sorry i wasn't very clear in the moment. My point was that mtgox really shouldn't let this happen. It's not profesional at all:
explanations for what we just saw??
a) someone getting out and not giving a crap
b) huge accident on some sellers part
c) mtgox f'd up??
interested to know if could be something else
explanations for what we just saw??
a) someone getting out and not giving a crap
b) huge accident on some sellers part
c) mtgox f'd up??
interested to know if could be something else
June 19, 2011, 12:58:55 PM
hello friends
I put in an order for approx 100 bitcoins at some kind of 1 cent price and just now received 99 bitcoins for $1
I put in an order for approx 100 bitcoins at some kind of 1 cent price and just now received 99 bitcoins for $1
June 19, 2011, 12:58:23 PM
mtgox hacked for sure
June 19, 2011, 12:58:06 PM
I am waiting for the "I just lost all my btc because I accidentally put .20 instead of 20" thread.
HAHAHA
June 19, 2011, 12:57:32 PM
half a million bitcoins traded on mtgox.. I've never seen that before in a 1-day period
June 19, 2011, 12:57:11 PM
Its still going, under $9. I wonder how long it'll take for the prices to recover.
EDIT Under $7
EDIT UNDER $1! WHY DON"T I HAVEMONEY IN MTGOX!!!
EDIT Under $7
EDIT UNDER $1! WHY DON"T I HAVEMONEY IN MTGOX!!!
Well, I have money in MtGox, and all I get is "Another trade is still in progress, please retry in a few seconds" when I triy to buy Bitcoins. Haven't been able to buy a signle Bitcoin on MtGox today so far.
June 19, 2011, 12:56:57 PM
Were those numbers real? I tried buying 2 BTC with my remaining $.02 USD in Bitcoins, but it didn't go through. 500k volume?? Why would anyone be so dumb as to unload all of their coins on one exchange at once? There's got to be some funny numbers or something going on here.
June 19, 2011, 12:56:32 PM
I am waiting for the "I just lost all my btc because I accidentally put .20 instead of 20" thread.
June 19, 2011, 12:56:05 PM
I only wish I could have gotten 150 btc for $1.50 when it got to a penny hahaha.
June 19, 2011, 12:55:06 PM
wow, they must not like money in general. they could've gotten many more dollars out in a controlled selloff
June 19, 2011, 12:54:41 PM
someone who doesn't give a damn got hold of a large number of coins??
Markets should not let this happen. Bitcoin looks like a joke
Markets should not let this happen. Bitcoin looks like a joke
This is obviously not somebody selling bitcoins ... I believe somebody broke into MTGOX, and did this to cause panic. In the supposed case somebody actually DID sell an ungodly amount of bitcoins to cash out, how are they even going to get their money out of MTGOX?
? I don't really see this a possibility. Somebody must have hacked into the system. June 19, 2011, 12:54:34 PM
someone who doesn't give a damn got hold of a large number of coins??
Markets should not let this happen. Bitcoin looks like a joke
Markets should not let this happen. Bitcoin looks like a joke
I disagree...all markets should be allowed to fail if so inclined...why prop up a dying/dead system...it would suck to see BTC go down but I don't think that is happening...either its a glitch or someone really just shorted the market...either way I think it will recover.
Recovered already...
June 19, 2011, 12:54:13 PM
Don't panic people. Someone just sold into the MtGox order book. Saturating all the buy orders is not the same thing as setting the btc value to 0. When people come back to the market they will set the value. I'm still willing to buy BTC so that already means the value isn't 0.
If you bought in at $34, just hang out. It might be a while before we get back there, but that's why they call it a 'long' position.
MrJ
If you bought in at $34, just hang out. It might be a while before we get back there, but that's why they call it a 'long' position.
MrJ
June 19, 2011, 12:53:39 PM
someone who doesn't give a damn got hold of a large number of coins??
Markets should not let this happen. Bitcoin looks like a joke
Markets should not let this happen. Bitcoin looks like a joke
I disagree...all markets should be allowed to fail if so inclined...why prop up a dying/dead system...it would suck to see BTC go down but I don't think that is happening...either its a glitch or someone really just shorted the market...either way I think it will recover.
June 19, 2011, 12:51:43 PM
1 cent!! time to BUUUUYYYYY!
June 19, 2011, 12:50:53 PM
someone who doesn't give a damn got hold of a large number of coins??
Markets should not let this happen. Bitcoin looks like a joke
Markets should not let this happen. Bitcoin looks like a joke
June 19, 2011, 12:50:35 PM
It's beginning to look like someone managed to somehow fill every single buy order on Mt. Gox.
June 19, 2011, 12:50:30 PM
$6.60...
I think something is wrong at mtgox. Live price does not coincide feed. I am trying to locate Mark, but it is the middle of the night in Japan. Last trade price is not refreshing right. I am wondering if somebody hacked into it?
I am going to try and text Mark, see if I can find him.
If you actually login into MTGOX, the database still shows a "LAST PRICE" of 17.51. Something fishy going on here. I wouldn't panic and think BTC lost all that value until somebody up there checks what is going on.
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