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Topic: Trading paused? - page 2. (Read 6960 times)

sr. member
Activity: 392
Merit: 250
July 05, 2011, 05:00:43 PM
#53
This "pause" incident has huge repercussions, above and beyond just the folks getting hit on this exchange.

Do we want to make bitcoins look like the fisher price toy of currency or what Huh  
donator
Activity: 477
Merit: 250
July 05, 2011, 04:59:11 PM
#52
paniacs
newbie
Activity: 25
Merit: 0
July 05, 2011, 04:57:55 PM
#51
i think we'll be back at 14 in a few minutes again ... the drop was nothing critical. i wonder who sold ?! ...
member
Activity: 112
Merit: 10
July 05, 2011, 04:52:50 PM
#50
Really total BS when it takes the price from $14 on TH and near $14 on Gox and trashes by $2 in 2 mins all from paused trades, not trades based on real time price moves.

Has anything coming out of Mt.Gox in the last few weeks NOT been total bullshit?
full member
Activity: 238
Merit: 100
July 05, 2011, 04:51:52 PM
#49
Really total BS when it takes the price from $14 on TH and near $14 on Gox and trashes by $2 in 2 mins all from paused trades, not trades based on real time price moves.
jr. member
Activity: 56
Merit: 1
July 05, 2011, 04:50:17 PM
#48
mtgoxlive looks like a lie detector of someone having a heart attack.
jr. member
Activity: 56
Merit: 1
July 05, 2011, 04:48:50 PM
#47
From $14 to $12.75, post pause... wtf?

Yes. Honestly, wtf?

Someone explain.

Someone put in a big order. It pushed the prices pretty high. A bunch of sellers think $13 is way better than the $11 they just paid and sell. We are going to bounce for a good while. Probably land in the middle.
sr. member
Activity: 392
Merit: 250
July 05, 2011, 04:48:03 PM
#46
OK, the GOX Pause either stopped a surge, a possible rally even.... or it was a pre-destined fall back.

Day trading momentum being so fickle, I opt for the former.
newbie
Activity: 56
Merit: 0
July 05, 2011, 04:47:14 PM
#45
I wish I was there to see MK's face waking him up

I wouldn't mind waking at 6 a.m. once and a while if I was making five thousand bucks a day.
donator
Activity: 477
Merit: 250
July 05, 2011, 04:45:21 PM
#44
I wish I was there to see MK's face waking him up
newbie
Activity: 56
Merit: 0
July 05, 2011, 04:45:11 PM
#43
From $14 to $12.75, post pause... wtf?

Yes. Honestly, wtf?

Someone explain.
sr. member
Activity: 392
Merit: 250
July 05, 2011, 04:45:07 PM
#42
Goddamnit.  Just, Goddamnit so much.

 Angry

X 3
newbie
Activity: 7
Merit: 0
July 05, 2011, 04:44:50 PM
#41
While following the #mtgox IRC channel, I remember a discussion about a circuit breaker that was put in place to help prevent a repeat of the plummet to $0.01.  If a large order or swing was detected (don't remember the exact details), trading would be automatically halted until it could be manually reviewed.  My guess is that this circuit breaker triggered and MT just had to review it and turn trading back on.  Just a possibility.
sr. member
Activity: 392
Merit: 250
July 05, 2011, 04:44:28 PM
#40
From $14 to $12.75, post pause... wtf?
legendary
Activity: 1050
Merit: 1000
July 05, 2011, 04:44:00 PM
#39
crazy bots
newbie
Activity: 56
Merit: 0
July 05, 2011, 04:43:56 PM
#38
Price needed as much help as possible to have a chance at breaching 14.2, which is a super key level, and now just lol.

member
Activity: 112
Merit: 10
July 05, 2011, 04:43:29 PM
#37
Roller coaster time

Ungoxingbelievable.
newbie
Activity: 57
Merit: 0
July 05, 2011, 04:43:17 PM
#36
Goddamnit.  Just, Goddamnit so much.

 Angry
hero member
Activity: 797
Merit: 1017
July 05, 2011, 04:41:12 PM
#35
Roller coaster time
legendary
Activity: 1204
Merit: 1002
July 05, 2011, 04:40:05 PM
#34
That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.

Well, the bids are at 11$/BTC. The graph only displays down to 12.0 Wink

There was definitely a huge gap between the bid and ask sides, from 11 to 14. But is that a consequence of market action, Mt. Gox screwing up again, or what?
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