This was all done on my phone. Luckily I didn't try logging in on the browser. But I tried again (b4 looking at these replies) and the mobile app worked.
Is hacking smart phones the latest thing? Would you still recommend I change my PIN or do you this that error could have just been a mtgox short term issue? (That now went away)
They don't have to necessarily have to hack your smart phone. It could be another computer in your network is infected, and a malicious user is using that computer to perform a man-in-the-middle attack using ARP Poison Routing. Your best bet would be to change your password to a safe one over a safe network from a safe computer. |
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Sounds like a man-in-the-middle attack to me. Check your computer with a virus and malware scanner, and do the same for other computers in the same network.
Edit: And change your password ASAP if you've already tried logging in on a computer that is known to be safe, on a network that's completely safe. Also, are you getting any other certificate warnings on other sites using SSL encryption (https://)?
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I hope they keep it running... It provides some interesting data if you can decipher what it is indicating.
What is it indicating according to you? |
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The bot that's spamming <0.00 BTC trades? Yeah, very annoying. Producing loads of noise on graphs =/
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Love those corrections. Prolly gonna buy some more if we get close to 3,70ish. It was a resistance zone when we rallied, it's most likely going to be a support zone this time. Let's see how this turns out =)
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First, allow me to direct you attention to this thread: https://bitcointalk.org/index.php?topic=53888.0According to the OP in this thread, a bet was set where OldEngineer would pay 5BTC to the person who correctly guessed the date that BTC would cross the $4 threshold. In the event of a tie, the prize would go to the first guesser. On Dec. 6th US central time, I guessed that the price would cross $4 on Dec. 19th. This is exactly what happened. It crossed $4 sometime around 10pm US central time on Dec. 19. But, apparently, OldEngineer claims that Goat won. Goat guessed Dec. 20th and was also correct since he was guessing according to Thai Time. OldEngineer claims Goat won because a post on Dec. 7th made the clarification that GMT would be the deciding time. But, this post, which clarified that GMT would be the deciding time, was made AFTER I cast my guess. Why the hell should I, a person who uses US central time, make a guess based upon GMT? OldEngineer, please send me BTC as, per the rules of your OP, I am clearly the winner. It is not fair to go by some rule that was just "created" in the middle of the game when my guess was not cast according to those rules. Edit: I really would not like to make this a big deal if I don't have to. Please fulfill your end of the agreement and there will be no problems. IIRC, weren't you the guy also siding with the thief who accidentally got sent Bitcoin by mistake by Phantomcircuit who works for Intersango? I don't even know what IIRC is. Edit: I do remember what you're talking about, I think. I recall some matter where some exchange mistakenly sent some guy a bunch of BTC who didn't want to return it. I think I remember questioning the legality of the exchange's complaint when they were talking about coming after the guy legally. IIRC = If I Remember Correctly |
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I see a stupid spam bot that has the ability to execute orders that are smaller than I can place. (.0001 BTC) It does this thousands of times an hour, and makes my interwebz SLOOWW!
Yeah annoying like hell. It's been doing that for days now... |
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Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark. Interesting and volatile times ahead  It's now ~40k BTC to $5, which I think is a good thing. Agreed. Slow and steady! |
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Because although it will work most of the time, sometimes when the prices moves too fast, they aren't able to liquidate on time, which would effectively cause the account of that person who was liquidated to have a negative balance. And they can't be sure that person is honest enough to deposit more funds to make the balance go to zero or positive again. And if they don't deposit more, Bitcoinica would have lost money themselves.
And it seems that doesn't always work either. After my position was liquidated, I still had a -$69 balance. I deposited some money to cover it, but I can't imagine that everyone would do that. Yeah, spreads only reduce the risk. They don't completely eliminate the risks. That's why they must find a good balance between dampening their risk and providing smaller spreads to stay competitive. That's exactly why the spread is increased in situations when there's more risks (High volatility and/or shallow order book) because they need to protect themselves against those risks, and later reduced again once the dust settles down. |
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I have a lot of cash in my account. Is the only way I can get it out is by a wire or can I just use it to buy bitcoin?
If I have to use a wire... WTF.... If not, tell me how to do it:)
Thanks
Or withdraw to your Mtgox account via Mtgox codes, and withdraw your funds via Mtgox. |
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Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark. Interesting and volatile times ahead |
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With those fast movements and shallow order book they _have_ to have big spreads, or Bitcoinica risks losing a lot of money on spikes. They would effectively be Zhoutonging themselves! I agree that those big spreads suck as a trader, though  Why not liquidate at Gox and give the customer whatever price they actually got? Because although it will work most of the time, sometimes when the prices moves too fast, they aren't able to liquidate on time, which would effectively cause the account of that person who was liquidated to have a negative balance. And they can't be sure that person is honest enough to deposit more funds to make the balance go to zero or positive again. And if they don't deposit more, Bitcoinica would have lost money themselves. Edit: Also, when a large position is liquidated, that in itself will push the price up or drive the price down. If that effect is big enough due to a shallow order book, that can also cause the liquidation not to be executed for the right price, which will leave a negative balance. By calculating spreads, they are effectively calculating the risk and protecting themselves against it. This allows them to guarantee liquidity. |
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only 20k of cheap, sub $4 bitcoins left atm.
only 20k of cheap, sub $4 $5 bitcoins left atm. |
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With those fast movements and shallow order book they _have_ to have big spreads, or Bitcoinica risks losing a lot of money on spikes. They would effectively be Zhoutonging themselves! I agree that those big spreads suck as a trader, though |
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We went under 4$ due to a small sell-off. We're above 4$ again though. I'm wondering whether that wall at 3,90$ is going to keep us above the 3,9$ mark for consolidation or if we're going to retrace to 3,60-3,70ish before going higher again. Interesting times indeed.
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going to 2.6
then to 2.9
then above 3, stall out early in the week
big sell off back to 2.8
upswing to 3.5
Hi everyone, I want to point out that Jon got the first three perfectly correct. He called the 2.6 bottom EXACTLY, then a 2.9 spike EXACTLY, then the stall out at $3 EXACTLY :O up LOL. We missed the 2,80 target by a hair (I think we went down to 2,90ish, don't remember. The rest was spot on. Any more predictions, MASTER? :p |
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Your title is false. Mt.Gox has been cheaper when there were no fees at all after the hacking incident. All joking aside, great idea! Thanks for the great customer support as usual  |
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I have now locked voting. It would appear it has had some effect on the market but it is too hard to tell. Very interesting if it is what caused the big move though.
Illusory correlation. |
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The ask site is nearly flat after $4  |
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