Topic: Trading paused? - page 3. (Read 6921 times)
open again. isn't it?
...and we're back.
edit: With weird-as-hell second-to-second price jumps.
edit: With weird-as-hell second-to-second price jumps.
the fact that new back end doesn't seem able to keep up with the trade volume is worrying. continuing to use a mysql database for something like this is even more worrying. i sure hope Tux has something better planned, it is disappointing to see growing pains continue while he should have all the resources that come along with being the #1 exchange. operating as a one man show is just plain scary. i'm still cautiously optimistic as long as there is volume...
After the pause everybody will sell again 
So someone was gaming the price.. cheap fees make that quite feasable, for a little while anyway.
Not sure why it justifies mtgox shutting down trading.. if they're going to do that every time anything they don't like happens they might as well rename themselves the fed and set the price manually.
Not sure why it justifies mtgox shutting down trading.. if they're going to do that every time anything they don't like happens they might as well rename themselves the fed and set the price manually.
When does that end again? I wanted to put the expiration date into an order calculator but couldn't remember when the 0% grace period ends.
Just before Mt. Gox went down, their market depth looked like this (at 1413).
.
That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.
Did their incoming payment system break down, or what?
This is either incompetence or manipulation.
.That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.
Did their incoming payment system break down, or what?
This is either incompetence or manipulation.
That just indicates that a single person (or a few people) put in a big buy order. I would have too if I had the money. The bids take time to catch up, or it bounces back down a little. It isn't necessarily manipulation. But it could be. Most likely, someone just anticipated a rally and decided to go all in on it, fueling it in the beginning. That isn't really manipulation in my book, just a gamble. If the rally doesn't catch on, he loses money, if it does catch, he got a bunch of bitcoins at a good price.
I have no idea what it'll do after the pause.
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$/BTC. The graph only displays down to 12.0
I am sure it will rocket up unimpeded after the pause.
But I think I am done with GOX, and I have not even ever traded with them ... LOL!
Wondering how CampBX is coming along...
Stew
But I think I am done with GOX, and I have not even ever traded with them ... LOL!
Wondering how CampBX is coming along...
Stew
Just before Mt. Gox went down, their market depth looked like this (at 1413).
.
That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.
Did their incoming payment system break down, or what?
This is either incompetence or manipulation.
.That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.
Did their incoming payment system break down, or what?
This is either incompetence or manipulation.
So someone was gaming the price.. cheap fees make that quite feasable, for a little while anyway.
Not sure why it justifies mtgox shutting down trading.. if they're going to do that every time anything they don't like happens they might as well rename themselves the fed and set the price manually.
Guys, did you read my post about what was going on when the trading stopped?
http://forum.bitcoin.org/index.php?topic=26292.0
If my understanding is correct, then this is no surprise TradHill is synchronizing to the big induced pattern occurring on MtGox.
In other times, I have seen both markets influencing each other on uncorrelated accidental events.
Arguably, MtGox has got more inertia to move than the other way around.
http://forum.bitcoin.org/index.php?topic=26292.0
If my understanding is correct, then this is no surprise TradHill is synchronizing to the big induced pattern occurring on MtGox.
In other times, I have seen both markets influencing each other on uncorrelated accidental events.
Arguably, MtGox has got more inertia to move than the other way around.
The site has crashed while @ 11.10$. Maybe they are fixing it ...
Seriously, they're still relying on one man to operate the service? If MagicalTux gets hit by a Japanese flying bus tomorrow the only thing the rest of the team can do is answer emails?
Just before Mt. Gox went down, their market depth looked like this (at 1413).
.
That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.
Did their incoming payment system break down, or what?
This is either incompetence or manipulation.
.That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.
Did their incoming payment system break down, or what?
This is either incompetence or manipulation.
I see it coming: Huge Bitcoin buy on due to a compromised account - rollback
prepare to get back to real life for a week or two
prepare to get back to real life for a week or two
He won't be happy, probably hasn't had a lot of sleep the last few weeks anyway
mtcocks is a cock blocker, right before you climax they just stop
I love it how Tradehill follows Mt. Gox like a loyal puppy. Really, look at the stats.
There is no "market" in reality. Mt. Gox is the market because other exchanges don't seem to have a will of their own.
There is no "market" in reality. Mt. Gox is the market because other exchanges don't seem to have a will of their own.
This is of course natural. A bitcoin is worth what someone will pay for it. If someone is willing to pay X amount at mt gox, that makes bitcoins worth that amount everywhere. It is silly to think the two exchanges would have different prices. Then someone could make a killing buying at one and selling at the other.
Damien FTW
G-G-G-G-G-GOXED!!! Now, just be sure to stay loyal to this magnificent service.
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