Someone is dumping coins en masse - page 2.

BitcoinTip

newbie

Activity: 14

Merit: 0

Quote from: BitcoinTip on March 28, 2013, 05:48:12 PM

Quote from: bitcon on March 28, 2013, 05:45:38 PM

gox is broken. i tried to buy 1000 coins it just sits on "pending"

Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit

Quote from: piramida on March 28, 2013, 05:48:03 PM

Quote from: bitcon on March 28, 2013, 05:45:38 PM

gox is broken. i tried to buy 1000 coins it just sits on "pending"

My buy order went through after 5 minute delay at $80.

As shown by the above moron.

HAHA. PEOPLE LOOSING MONEY ALL OVER THE PLACE.

HAHAHA

DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!
DOWN WE GO!

DOWN WE GO!

foo

sr. member

Activity: 409

Merit: 250

This weekend's flash crash is coming early. I've got my buy orders on Bitstamp standing by... Come to papa! Grin

BitcoinTip

newbie

Activity: 14

Merit: 0

Quote from: bitcon on March 28, 2013, 05:45:38 PM

gox is broken. i tried to buy 1000 coins it just sits on "pending"

Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: bitcon on March 28, 2013, 05:45:38 PM

gox is broken. i tried to buy 1000 coins it just sits on "pending"

My buy order went through after 5 minute delay at $80.

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

Quote from: Tirapon on March 28, 2013, 05:42:34 PM

This has happened several times before. It will probably happen again. No need to worry.

Agreed, just don't put in auto sell order on Gox. Back when it was dumping a month ago I put an auto sell order in at $46 and it didn't execute until $33.... the bottom Sad

bitcon

legendary

Activity: 2212

Merit: 1008

gox is broken. i tried to buy 1000 coins it just sits on "pending"

Tirapon

hero member

Activity: 898

Merit: 1000

This has happened several times before. It will probably happen again. No need to worry.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: yuvadm on March 28, 2013, 05:31:13 PM

So let me get this straight...

Gox lag is created by sell orders being unsatisfiable? Or by malicious users exploiting gox's engine?

No. Gox lag is caused by large volume. Their setup is not engineered properly to handle so much traffic. Nothing broken, nothing malicious, just a system design that can't possibly handle the load. There is supposedly a update to the trading engine that will help, but it is still in testing. In the mean time, there are plenty of other places to buy and sell bitcoin.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: BitcoinTate on March 28, 2013, 05:29:00 PM

Some miner who started mining back in 10' said F#%k it... im buying my own island!

Feel sorry for them, they could own the world, but they are limited by their short sighted view. Good to have these kind of people shake out before we move along Wink

yuvadm

newbie

Activity: 43

Merit: 0

So let me get this straight...

Gox lag is created by sell orders being unsatisfiable? Or by malicious users exploiting gox's engine?

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

Some miner who started mining back in 10' said F#%k it... im buying my own island!

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Zangelbert Bingledack on March 28, 2013, 05:25:27 PM

It's no mystery: when Gox lags, bulls are reluctant to buy because Gox could go kaput. Bears are prompted to sell because they might not be able to until the drop has bottomed out.

Basically Gox delay is a bearish development, because it means that the main exchange sucks just a little more than everyone thought.

It sucks exactly as much as I thought, which is why I like to be prepared to buy elsewhere when it dips.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

meanwhile, I get fiat on other exchanges ready to buy out the dip. lets see how deep this one goes... 15% so far.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

It's no mystery: when Gox lags, bulls are reluctant to buy because Gox could go kaput. Bears are prompted to sell because they might not be able to until the drop has bottomed out.

Basically Gox delay is a bearish development, because it means that the main exchange sucks just a little more than everyone thought.

epetroel

sr. member

Activity: 431

Merit: 251

Probably the dumping that's causing the lag...

yuvadm

newbie

Activity: 43

Merit: 0

Very peculiar behavior right now on teh gox.
Coins are being dumped en masse, and always in sync with serious trade engine lag.

Topic: Someone is dumping coins en masse - page 2. (Read 3109 times)