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Title: Why is Bitcoin exhange going crazy? Post by: rilesbriles on April 03, 2013, 09:39:10 PM Today I woke up and Bitcoin was shooting up to $140. Now it is on a steep decline going down to $115. What is going on?
Title: Re: Why is Bitcoin exhange going crazy? Post by: idividebyzero on April 03, 2013, 09:40:49 PM mt gox was down for a long time so nobody was able to buy, it should go back up now
I got screwed and bought at 137, not even an hour later Mt Gox goes down. If only BitInstant would have taken longer to process the payment. Title: Re: Why is Bitcoin exhange going crazy? Post by: Gator-hex on April 03, 2013, 10:14:51 PM A so called "Bitcoin" service provider was hacked (https://www.instawallet.org/) (https://bitcoin-central.net/)
Then there was sell panic, because newbies think Bitcoin got hacked. MtGox creaked under the load of newbie sell orders. I suspect. Happens all the time. ;) Title: Re: Why is Bitcoin exhange going crazy? Post by: nathanghart on April 03, 2013, 10:17:03 PM Today I woke up and Bitcoin was shooting up to $140. Now it is on a steep decline going down to $115. What is going on? This happens a lot, at least in terms of percentage swings. Title: Re: Why is Bitcoin exhange going crazy? Post by: Reliabletrade on April 03, 2013, 10:22:42 PM Happens all the time?
There is only one solution, and it important for the future of the bitcoin community - a public exchange. It is funny we believe in bitcoin because of its democratic value, peer to peer, etc. and then we get stuck with a company, which is no peer to peer, which control the exchange! Actually it is not funny... Title: Re: Why is Bitcoin exhange going crazy? Post by: Uest3 on April 03, 2013, 10:24:10 PM As another user posted, they said it was a DDos attack https://bitcointalk.org/index.php?topic=166310.msg1735252#msg1735252
Title: Re: Why is Bitcoin exhange going crazy? Post by: Gator-hex on April 03, 2013, 10:25:55 PM Yeah would be nice to have a peer-2-peer exchange built into the Bitcoin client.
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