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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34073. (Read 26630504 times)

hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
sr. member
Activity: 280
Merit: 250
What kind of sell off do you think they are trying to prevent though? There have been quite a few ~BTC5k sell offs in the past few days that recovered fine

Well according to this the ones significantly above 5k. I don't know any exact figures but if you look at the volume of the flash crash from the top there must have been some serious coin involved.

I guess anything's possible. But considering all the problems in their trading platform, I tend to doubt they have the capability to predict crashes.
legendary
Activity: 1458
Merit: 1006
sr. member
Activity: 411
Merit: 250
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab and CoinSetter arrive, and before BitStamp gets bigger. Once there is more than one big exchange, DDoS of any one will have much less effect. Meanwhile the entire system grows stronger every time it is attacked, with the attackers being rewarded for their services in strengthening the system, effectively paving the way for further growth.

Without the attacks that have been occurring at a billion-dollar market cap, Bitcoin wouldn't be ready for the kinds of attacks that will come at ten and a hundred billion dollars.

although i'm loosing probably a lot of fiat now with these attacks..   I agree with this totaly..
sr. member
Activity: 448
Merit: 250
Stop whining and use another exchange already.

What other exchanges are there?!

Btce is infested with java exploit links and its based in russia. Could use Bitstamp but they might be overwhelmed and get their bank account shut just as it happened with bitfloor, bitcoin24.

Check out CampBX. Many funding options, even USPS money order by mail. They also seem to be in tune with [albeit vague existing] regulatory requirements so are less like to be randomly shut down than some of these fly-by-night new exchanges.

Low volume right now but I expect as the "new kid on the block" they will swallow up a lot of ex-Goxs and ex-Bitfloors.
full member
Activity: 168
Merit: 100
Minirally going on? Bitstamp $115, Btc-E $109?

So I'm seeing gox falling to ~bitstamps $115.
hero member
Activity: 798
Merit: 1000
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
My Euro transfer went to Slovenia. Do they then transfer it to a USD account in Italy ?
no. unicredit just operates in many countries. check their website, i'm not an expert. just telling you that this is not one of the smaller banks …
Thanks - stupid question with hindsight  Wink
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
What kind of sell off do you think they are trying to prevent though? There have been quite a few ~BTC5k sell offs in the past few days that recovered fine

Well according to this the ones significantly above 5k. I don't know any exact figures but if you look at the volume of the flash crash from the top there must have been some serious coin involved.
hero member
Activity: 763
Merit: 500
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
My Euro transfer went to Slovenia. Do they then transfer it to a USD account in Italy ?
no. unicredit just operates in many countries. check their website, i'm not an expert. just telling you that this is not one of the smaller banks …
hero member
Activity: 798
Merit: 1000
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
My Euro transfer went to Slovenia. Do they then transfer it to a USD account in Italy ?
sr. member
Activity: 280
Merit: 250
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough?
They simply pull the plug if a selloff is on the horizon.

Nobody except the suckers who can't get out believes it any more.
I can't agree that a sell off was on the horizon. There was certainly a downtrend for the last 20 or so hours though, but it was gradual enough.

They might have better tools of predicting that though.
A watchlist for the largest BTC holdings and when they log in?
I don't really like coming up with stuff they can potentially do, but just taking their word for granted isn't either for me.

What kind of sell off do you think they are trying to prevent though? There have been quite a few ~BTC5k sell offs in the past few days that recovered fine
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough?
They simply pull the plug if a selloff is on the horizon.

Nobody except the suckers who can't get out believes it any more.
I can't agree that a sell off was on the horizon. There was certainly a downtrend for the last 20 or so hours though, but it was gradual enough.

They might have better tools of predicting that though.
A watchlist for the largest BTC holdings and when they log in?
I don't really like coming up with stuff they can potentially do, but just taking their word for granted isn't either for me.
legendary
Activity: 840
Merit: 1000
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough?
They simply pull the plug if a selloff is on the horizon.

Nobody except the suckers who can't get out believes it any more.
I can't agree that a sell off was on the horizon. There was certainly a downtrend for the last 20 or so hours though, but it was gradual enough.
hero member
Activity: 763
Merit: 500
And exactly how safe would you feel with a sizeable balance sitting in a bank in Slovenia, waiting to trade ?
Bitstamp actually uses one of the larger italian banks, called UniCredit. but you are right, no bank in europe is actually "safe".
sr. member
Activity: 280
Merit: 250
No wonder people don't want to buy on bitstamp right now, there's nothing for sale lol

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab anf CoinSetter arrive. Once there is more than one big exchange, DDoS of any one will have much less effect.
Can't mention the DDOS scapegoat enough?
They simply pull the plug if a selloff is on the horizon.

Nobody except the suckers who can't get out believes it any more.
legendary
Activity: 1036
Merit: 1000
Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab and CoinSetter arrive, and before BitStamp gets bigger. Once there is more than one big exchange, DDoS of any one will have much less effect. Meanwhile the entire system grows stronger every time it is attacked, with the attackers being rewarded for their services in strengthening the system, effectively paving the way for further growth.

Without the attacks that have been occurring at a billion-dollar market cap, Bitcoin wouldn't be ready for the kinds of attacks that will come at ten and a hundred billion dollars.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
UPDATE: This again appears to be another strong DDos attack. We are working hard to overcome it and will update when possible. It's currently 2am in Japan so please forgive us if our Facebook/Twitter updates are not as quick, though the team is certainly not taking any breaks. We're very much looking forward to implementing a much stronger solution very soon and will make an announcement to that effect once it's in place.

https://www.facebook.com/MtGox

Quote
Scott Murphy Stop fucking with our coins
2 · about a minute ago via mobile
Dmitry Morozhnikov A plain lie. It was not look like ddos.
2 · 2 minutes ago

It seems people stop eating the crud.
newbie
Activity: 16
Merit: 0
UPDATE: This again appears to be another strong DDos attack. We are working hard to overcome it and will update when possible. It's currently 2am in Japan so please forgive us if our Facebook/Twitter updates are not as quick, though the team is certainly not taking any breaks. We're very much looking forward to implementing a much stronger solution very soon and will make an announcement to that effect once it's in place.

https://www.facebook.com/MtGox
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