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Title: what happened to bitcoin-24.com? Post by: Petopas on August 23, 2012, 12:50:41 AM bitcoin-24.com is offline for >4h.
the trade history at bitcoincharts.com looks unusual: http://bitcoincharts.com/markets/btc24EUR_trades.html there was a turnover of 5k+ bitcoins within seconds before the site closed down. couldn't get any further information so far. Title: Re: what happened to bitcoin-24.com? Post by: Stephen Gornick on August 23, 2012, 01:04:44 AM there was a turnover of 5k+ bitcoins within seconds before the site closed down. Doh! Not a good sign, for sure. I asked on their main thread (German), no response yet: - http://bitcointalk.org/index.php?topic=78284.msg1124749#msg1124749 Title: Re: what happened to bitcoin-24.com? Post by: Petopas on August 23, 2012, 01:11:07 AM thanks for asking at their main thread. let's wait for the admins' response...
somebody flooded the market with under-priced bitcoins at around 6€/us$7.5 till the site was taken offline. Title: Re: what happened to bitcoin-24.com? Post by: Petopas on August 23, 2012, 01:17:50 AM actually not just selling under-priced bitcoins but buying over-priced bitcoins as well, i.e. trying to empty the market. pretty expensive. doesn't make to much sense to me. any ideas?
Title: Re: what happened to bitcoin-24.com? Post by: Petopas on August 23, 2012, 01:38:51 AM they just uploaded a temporary replacement:
"Will be back on Thursday - about 10:00 There are some problems with bid and ask offers. No EUR / BTC are lost!" ...and I already thought there are pirates all over the place... Title: Re: what happened to bitcoin-24.com? Post by: Cergorach on August 23, 2012, 04:07:55 PM actually not just selling under-priced bitcoins but buying over-priced bitcoins as well, i.e. trying to empty the market. pretty expensive. doesn't make to much sense to me. any ideas? It's simple Market manipulation, as to why...Options: #1 Crash price to buy back a significant larger amount at a far lower price. #2 Crash price to devalue BTC of competition. Companies like BFL probably have a large amount of BTC in their wallets, personnel, bills, and raw materials are purchased in $ and not BTC. So if this is done long/often enough it might 'kill' such a company. The same goes for the bigger miners, they need to keep paying their rack hosting costs, power usage, their own bills, etc. #3 Someone with to much money on hand might be bored and thinks that manipulating the BTC value is fun. If you think that is nuts, realize this. time = money, thus money = time, there are legions of folks that 'waste' their time trolling webforums... ;-) Title: Re: what happened to bitcoin-24.com? Post by: pat1900 on October 31, 2012, 01:58:19 PM Same again now:
Quote The Bitcoin Server if offline! We will be back when the Server is running again. tech. details see https://bitcointalk.org/index.php?topic=121400.0 Title: Re: what happened to bitcoin-24.com? Post by: pat1900 on October 31, 2012, 02:49:01 PM ok, b24 is up again. The admin has already been able to reverse most of the unsolicited transactions (except btc out-transfers of course, but according to his helpdesk announcement this afternoon this wasn't the main problem). Quick admin response, I'd say.
Title: Re: what happened to bitcoin-24.com? Post by: Stephen Gornick on October 31, 2012, 11:28:33 PM ok, b24 is up again. The admin has already been able to reverse most of the unsolicited transactions (except btc out-transfers of course, but according to his helpdesk announcement this afternoon this wasn't the main problem). Quick admin response, I'd say. Here's the statement on that: - http://bitcoin24.zendesk.com/entries/22278332-mysqli-31-10-2012-server-attack Title: Re: what happened to bitcoin-24.com? Post by: XMLGold on November 01, 2012, 03:17:23 PM They are online up and running!
Title: Re: what happened to bitcoin-24.com? Post by: TheDarKnight on November 10, 2012, 02:35:18 PM Down again? maintenance?
Title: Re: what happened to bitcoin-24.com? Post by: josephliton on November 10, 2012, 03:13:37 PM its ok with me,they are online.
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