Topic: Wall Observer - MtGoxUSD wall movement tracker - page 274. (Read 1811564 times)
They're doing their best. With the massive influx of new accounts and the skyrocketing of the price within a relatively very short period of time (compounded with attack issues) it's realistic that they would have been a little unprepared. Over the next few months Gox will see a lot of man power coming in to help out with everything. Keep it positive for our investments, and let's not scare away noobs (like myself) who will increase the size of the bitcoin community.
They really should communicate faster and more frequently, BUT this is a great start. I hope they keep this up.
I would assume most of the people there were busying trying to deal with the DDoS (and everything else). Perhaps it would be a huge step forward if they hired a PR guy(gal) who did nothing but keep the public up to date during these events. Something simple like that can go a long way.
There are a lot of issues they haven't addressed, like the utterly inadequate trading engine they are using. What Gox must keep in mind is"With greater power comes greater responsibilities", they choose to be in this position, they are now the "face" of bitcoin trading, then they have to keep up.
If anything, this letter demonstrates how super-bullish the market is. People controlling vast amount of resources trying desperately to obtain as many bitcoins as possible, resorting to all kinds of means, dumping, trolling, and even DDOSing, just for some more bitcoins.
If anything, this letter demonstrates how super-bullish the market is. People controlling vast amount of resources trying desperately to obtain as many bitcoins as possible, resorting to all kinds of means, dumping, trolling, and even DDOSing, just for some more bitcoins.
Quote
We have seen a significant amount of comments on the web (various forums, Reddit, etc.) that portray Mt.Gox as a company held by “idiots” and other rather rude words, complaining about inability to deal with lag and other system issues, without understanding the magnitude of work and attacks we are facing every day.
They noticed me
Thanks for that link. It sounds like a very reasonable reply and helps wash some of the bitter taste away. I didn't trade so no issues here but I'm sure a lot of others were frustrated. That's an insane amount of new accounts!
Exactly, I'm very glad they did this. The frustration meter was getting TOO high in the community. They really should communicate faster and more frequently, BUT this is a great start. I hope they keep this up.
Thanks for that link. It sounds like a very reasonable reply and helps wash some of the bitter taste away. I didn't trade so no issues here but I'm sure a lot of others were frustrated. That's an insane amount of new accounts!
http://www.facebook.com/MtGox/posts/453409538076792
Mt.Gox finally released a real statement about the events of the day and their intension moving forward. It is a pretty reasonable letter to the community.
Mt.Gox finally released a real statement about the events of the day and their intension moving forward. It is a pretty reasonable letter to the community.
OK.... BUY!BUY!BUY!
In this month alone, over 57,000 new accounts were created!
WTF.
http://www.facebook.com/MtGox/posts/453409538076792
Mt.Gox finally released a real statement about the events of the day and their intension moving forward. It is a pretty reasonable letter to the community.
Mt.Gox finally released a real statement about the events of the day and their intension moving forward. It is a pretty reasonable letter to the community.
Would it be possible for Gox to heavily fine or restrict / place minimums on orders? During the review of the timelapse and also just watching the daily charts, there are hordes of 0.01 and 0.02 buys and sells. With the way Gox's database writes slowly, these would seem to stall the system and buy someone time. It wouldn't really make it a true "trade whatever amount you want system" though. But if they had minimums, it would stand to reason they'd be able to process orders a little faster.
Within a year or two, most of the users will only trade 0.01 or 0.02 per order, only whales like us can trade 10 or 100 bitcoins in one go.
Would it be possible for Gox to heavily fine or restrict / place minimums on orders? During the review of the timelapse and also just watching the daily charts, there are hordes of 0.01 and 0.02 buys and sells. With the way Gox's database writes slowly, these would seem to stall the system and buy someone time. It wouldn't really make it a true "trade whatever amount you want system" though. But if they had minimums, it would stand to reason they'd be able to process orders a little faster.
Also, the new "official" bitcoin exchange btcchina is back over 1000 yuan.
Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.
Probably scumbags like S3052 - that shit should be illegal.
I don't know what it is we are talking about, but I can guarantee that making it illegal won't prevent it from happening.
Psht, what are you talking about!?! Nobody anywhere smokes marijuana since it became illegal!
Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.
Probably scumbags like S3052 - that shit should be illegal.
Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.
Probably scumbags like S3052 - that shit should be illegal.
Wow, another 2.5k....
at this rate the price will be less then 100 in 24 hours. i wanted to sell some at 150 today. sigh!
bulls... get this party going.
bulls... get this party going.
Party don't start for a few more hours.
But...aren't you the guy who argued it was smart to sell at 29? It's not like you'd get an invitation to the party anyways.
at this rate the price will be less then 100 in 24 hours. i wanted to sell some at 150 today. sigh!
bulls... get this party going.
bulls... get this party going.
Bears are selling with style! 
Here in a couple hours we will start the evening rally when new funds are unleashed to waiting bulls! And henceforth these bears will continue to have a pair of horns rammed up their ever so hairy assholes!I think some bears need to get dragged kicking and screaming into the era of expensive coins.
expensive? They look cheap to me
Cheap? You go buy a hundred of them right now I dare you!
I would prefer to say:" Yes, they are expensive, but these are the least expensive coins you probably can get from now on, anyway there will be no more than 20 million of them in your whole life time, better grab some before the supply drains out!"
Bears are selling with style!
Here in a couple hours we will start the evening rally when new funds are unleashed to waiting bulls! And henceforth these bears will continue to have a pair of horns rammed up their ever so hairy assholes!I think some bears need to get dragged kicking and screaming into the era of expensive coins.
expensive? They look cheap to me
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