What is happening with Mt Gox? Last Price is fixed at 20.15

Macho

full member

Activity: 124

Merit: 100

Quote from: Crazy on June 12, 2011, 05:20:16 PM

If the market could be so easily manipulated, what's stopping say... the US Govt, or any other institution or organization that feels threatened by Bitcoin to undercut it's credibility with a relatively small campaign of market manipulation?

Well, this could be done ... but I think they would ultimaelly ended up loosing a shitload of money - pumping it into Bitcoin economy and the market would eventually overcome it. But they could wreak havoc short term in similar way the big guys are doing right now

Crazy

full member

Activity: 182

Merit: 106

If the market could be so easily manipulated, what's stopping say... the US Govt, or any other institution or organization that feels threatened by Bitcoin to undercut it's credibility with a relatively small campaign of market manipulation?

NuMessiah

newbie

Activity: 2

Merit: 0

Sorry, but the volume which I reported in previous post is not the volume in BTC but the number of total transactions.

But! Bitcoin charts just synced the data from mtgox and according to their stats today's volume is already 202,455.548 BTC or 3,356,833.05 USD which is even more impressive than what I reported earlier.

Is BTC trading (economy?) really kicking off now. We have really high trading volumes, plus volatile market as can be seen on "other" forex exchanges sometimes.

NuMessiah

newbie

Activity: 2

Merit: 0

According to https://mtgox.com/code/data/ticker.php:

{"ticker":{"high":24.99,"low":10.25,"vol":161660,"buy":20.94,"sell":21,"last":20.94}}

Last trade was at 20.94$. But the cumulative volume for today was 161660 BTC which is impressive!

Also last trade from http://mtgox.com/code/data/getTrades.php was:

{"date":1307912004,"price":20.67,"amount":18.077,"tid":"168730"}

php -r 'date_default_timezone_set("UTC");echo date("Y-m-d H:i:s", 1307912004)."\n";'
2011-06-12 20:53:24

So, 2011-06-12 20:53:24 UTC, 18.077 traded for 20.67$

API is your friend because most of the charts/market watchers are late due to really high number of trades and volume today.

Endgegner

newbie

Activity: 4

Merit: 0

mtgox seems to be back again

swusc2

sr. member

Activity: 304

Merit: 250

Do your part for Bitcoin!

There API probably broke. You can still see the lasted "Lowest Ask Price" and "Lowest Bid Price" while logged into MtGox.

smackdaddy

newbie

Activity: 45

Merit: 0

Market is being manipulated IMO.

bustaballs

member

Activity: 115

Merit: 10

The price jump to $30, fell to $10, and went back up to $20 in only a few days. I'm sure the influx of new users is causing a lot of extra traffic and serious speculation.

zdmas

newbie

Activity: 28

Merit: 0

The prices are stagnant but the volume is slowly trickling up... This has been the highest volume day ever for Mt. Gox, I'm sure everything will be back to normal soon, hopefully before Monday when the serious trading starts again.

aeroSpike

newbie

Activity: 41

Merit: 0

The server is responding and the history data is being updated, but all at the same price.

zdmas

newbie

Activity: 28

Merit: 0

They shut down? Do you have a link?

muyoso

member

Activity: 84

Merit: 10

Oh boy, thats not going to be good for the market tomorrow most likely.

pindis

full member

Activity: 187

Merit: 100

they shut down for today

aeroSpike

newbie

Activity: 41

Merit: 0

What is happening with Mt Gox? Last Price has been fixed at 20.15 for the last 3 hours while the volume information is changing.
Anybody has a clue why?

Topic: What is happening with Mt Gox? Last Price is fixed at 20.15 (Read 1470 times)