Agree with DougTanner: gox should halt trading, this is exactly what the big exchanges do in situations like this.
No sane person is trading into 30 minutes of lag (just FYI, gox is headed into 1800 s of lag).
And also, gox won't shut down. They're raking in the fees on this.
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 165. (Read 1811595 times)
Everyone holding strong?
Are you watching the charts? No ones holding strong, it seems like every single person with a god damned bitcoin is dumping themYou haven't been around too long, have you?
Everyone holding strong?
Not selling a single satoshi... its too late for that...
TWENTY FIVE MINUTE LAG
GOX JUST SHUT DOWN ALREADY
GOX JUST SHUT DOWN ALREADY
Everyone holding strong?
yeah of course, my 230 deposited in bitstamp is ready to pick some cheap coins
Test to see what the logical action should be:
1. Is there a fundamental flaw in the Bitcoin protocol?
YES / NO
Action:
If YES then SELL.
If NO then HOLD.
2. Has there been any large and negative fundamental changes?
YES / NO
If YES then SELL.
If NO then BUY.
1. Is there a fundamental flaw in the Bitcoin protocol?
YES / NO
Action:
If YES then SELL.
If NO then HOLD.
2. Has there been any large and negative fundamental changes?
YES / NO
If YES then SELL.
If NO then BUY.
I already pointed out in other thread that google trends for bitcoins peaked last week and I think it is only a question of time until the money inflow decreases. We may have already reached the top this week. Bitcoin is still very inflationary and you need a constant inflow of fiat to retain the price levels.
Definitely holding my coins I bought for low double digits.
I was holding my fiat for a moment such as this. I just thought it wouldn't come so soon.
Bitcoins are being transferred from the weak to the strong.
I was holding my fiat for a moment such as this. I just thought it wouldn't come so soon.
Bitcoins are being transferred from the weak to the strong.
I feel good when I see this. Sold when prices was good, getting back into business soon, we just need to go DEEPER..
Well that was long overdue...
Yes. Though scary, I'm still up on what I paid just 2 days ago.
Gox is to blame for this, make no mistake
Yes, I don't give a crap about their public letter last week at this point. 20 minutes of lag? You FIRE the programmer that does this garbage and hire a new one. A new TEAM! Why hasn't this been fixed? Is it arrogance? Loyalty to a friend who did the job for you? What?!
Is there still lag, or is it just not working? Because right now the login button for Gox just isn't working for me, price is falling, I'm getting really mad. Gox is intent on screwing over BTC.
Starting to get worried. Leaving my $190 and $180 orders up though.
Everyone holding strong?
Are you watching the charts? No ones holding strong, it seems like every single person with a god damned bitcoin is dumping them 
I just bought for $200 on Virtex.
i was thinking of buying too... someone took one hell of a dump on virtex just b4...
Well that was long overdue...
Everyone holding strong?
Gox is to blame for this, make no mistake
Yes, I don't give a crap about their public letter last week at this point. 20 minutes of lag? You FIRE the programmer that does this garbage and hire a new one. A new TEAM! Why hasn't this been fixed? Is it arrogance? Loyalty to a friend who did the job for you? What?!
Mtgox trading engine lag: 1203.80s
Have to say, if I was a trader, I'd be exiting too.
Have to say, if I was a trader, I'd be exiting too.
The stable price is where the value created by bitcoin network is equal to the costs of running the whole network. And at least one of those two is dependent on bitcoin price. So just try to estimate those two numbers and compare them.
That is just not true. Search your feelings and you know it. Is the price of 100 dollar bill same as the cost of printing one? No it is not and it is same with Bitcoin.
Can you be more specific at what exactly is not true.
The cost of running the network is not dependent on the cost of creating early bitcoins. Those were very cheap. The cost is dependent on the current market price.
That myth is debunked here:
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The statement is true in a way. Miners will not mine without being profitable, so they will not sell bitcoins below electricity costs and probably not below electrocity costs + hardware and maintenance costs even.
The point is this: FUNDAMENTALS HASN'T CHANGED.
This will be so epic bear massacre!
This will be so epic bear massacre!
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