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Topic: Yet another DDOS and sell-off... - page 2. (Read 3225 times)

full member
Activity: 182
Merit: 100
April 12, 2013, 10:09:38 PM
#12
sr. member
Activity: 358
Merit: 250
April 12, 2013, 09:59:18 PM
#11
I'm beginning to be very skeptical now.

Congratulations, you win the weakest hands award.

lmao, absolute classic
hero member
Activity: 602
Merit: 500
April 12, 2013, 09:48:12 PM
#10
Looks like Gox and BTC-e are both getting hit hard and the price has fallen from 130 to 103 in an hour?

please see this rate drop in proportion to the run up of the previous hours. If viewed this way, it is utterly unspectacular, even a bullish sign. It was surprising we got through the $100 so easily. At the end of such a swing up, when the potential reservoir of people willing to buy is exhausted, there is always some swing back caused by people taking profits.


In fact, I can imagine the DDosers start to get disappointed now, when they realise that they can't really harm the bitcoin economy beyond Gox.
hero member
Activity: 616
Merit: 500
April 12, 2013, 09:27:07 PM
#9
Lol... i've been sitting here for hours and when I finally go to make a move, gox goes unresponsive.


What I still don't understand is why bitcoinity gets better information from gox earlier than clark moody and mtgoxlive is just fucking fucked up.
legendary
Activity: 840
Merit: 1000
April 12, 2013, 08:43:09 PM
#8
That wasn't a DDOS, that was someone trying to start a panic sell with a BTC5k wall. Panic sells only work when combined with lag.

MtGox is getting better at handling lag (slowly), and we're seeing the effects right now. It would have gone much lower than $106 otherwise.

The price almost doubled in 12 hours, why are you surprised it came back down some?

EXACTLY, of course it was going to drop, this isn't a revelation. Markets don't go in straight lines. Sure, maybe it could go lower, it would makes sense if it did, but currently it has been hovering in the 112-115 area. We'll see what happens.
sr. member
Activity: 280
Merit: 250
April 12, 2013, 08:37:44 PM
#7
That wasn't a DDOS, that was someone trying to start a panic sell with a BTC5k wall. Panic sells only work when combined with lag.

MtGox is getting better at handling lag (slowly), and we're seeing the effects right now. It would have gone much lower than $106 otherwise.

The price almost doubled in 12 hours, why are you surprised it came back down some?
newbie
Activity: 48
Merit: 0
April 12, 2013, 08:37:07 PM
#6
become sceptical of the validity of the DDOS claim.

Beat me to it
newbie
Activity: 48
Merit: 0
April 12, 2013, 08:35:10 PM
#5
this ddos bla bla is complete bs - you could also argue that a ddos prevents both sides (including the sellers) from executing so why ddos->price fall?
newbie
Activity: 28
Merit: 0
April 12, 2013, 08:33:46 PM
#4
I'm beginning to be very skeptical now.

Congratulations, you win the weakest hands award.
Sweet!
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
April 12, 2013, 08:33:20 PM
#3
If you are sceptical become sceptical of the validity of the DDOS claim. This smells like a scapegoat to me.
hero member
Activity: 634
Merit: 500
April 12, 2013, 08:31:56 PM
#2
I'm beginning to be very skeptical now.

Congratulations, you win the weakest hands award.
newbie
Activity: 28
Merit: 0
April 12, 2013, 08:28:46 PM
#1
Looks like Gox and BTC-e are both getting hit hard and the price has fallen from 130 to 103 in an hour?

This is getting ridiculous. How can this market possibly be sustainable like this?

I suppose the bullish types (if there are any left) will see this as an opportunity to scoop up sub-100 coins when the dust settles but the question is will it even climb back up after that? I'm beginning to be very skeptical now.
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