Topic: Today's action should be a lesson for newbies... Stay away from MtGox (Read 490 times)
December 06, 2013, 07:04:56 PM
No it was an MtGox "circuit breaker" security measure to prevent what happened when they got hacked a while back had all their coins stolen. Yes, that is how pathetic and incompetent this exchange is. It is owned by a complete idiot. This exchange is the worst thing that ever happened to bitcoin. It would have been so much better if they just shut everything down. Of course no one could even know what was happening for quite a some time and you had to zero in on the minute chart in order to see the loop and figure out what was happening. You have to be stupid to keep any coins there.
December 06, 2013, 06:55:11 PM
As many people posted before the this kind of loop isn't the first time that is happening so i guess we should have know better already.
December 06, 2013, 06:49:18 PM
Anyone stuck in their "loop" today was unable to trade, place or cancel orders, withdraw bitcoins, or anything else. Frequent "Bad Gateway" errors, etc...
This was because of ddos attack, right?
December 06, 2013, 06:36:52 PM
Yup, I have had only bad experience there.
I use bitstamp mostly now. They do have some ''bad gateway'' moments when there is a lot of activity, but it is nothing more than a little annoyance. Most stable bitcoin exchange experience I have had so far. This is a well developed exchange platform. Mt. Gox, on the other hand, is just awful. I do not think there is anybody who is actually completely satisfied with their service.
I use bitstamp mostly now. They do have some ''bad gateway'' moments when there is a lot of activity, but it is nothing more than a little annoyance. Most stable bitcoin exchange experience I have had so far. This is a well developed exchange platform. Mt. Gox, on the other hand, is just awful. I do not think there is anybody who is actually completely satisfied with their service.
December 06, 2013, 06:23:46 PM
Anyone stuck in their "loop" today was unable to trade, place or cancel orders, withdraw bitcoins, or anything else. Frequent "Bad Gateway" errors, etc... Imagine having a big order you want to cancel and being completely helpless to do anything about it but stare at your screen for hours waiting for your opportunity to try to cancel it. MtGox is run by amateurs and if they can't even keep their site running then how secure do you think your bitcoins are? They are having major banking issues in what is turning out to be a not-so-bitcoin-friendly jurisdiction that should make people feel uneasy about them being shuttered altogether with no notice and with your coins still in there. Then there are their legal troubles... and last but no least, they have no way of withdrawing USD so you are going to have to transfer your bitcoins to another exchange at some point anyways. People like to use mtgox to trade in and out of bitcoin because it has good volume but as today demonstrates, if there is a big move you are S.O.L. Beware!!!
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