yea, i understand now. the order book got clogged up or something. So EVERYONE couldn't trade. I was thinking that it was just happening to some people because i kept seeing people making trades on clark moody. I guess clark moody just goes into a loop when the order book malfunctions.
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? How would you "make" 200 btc? I still don't get it......wtf? If no one was able to buy/sell during the malfunction they could just rollback to what it was like before it froze up. I was thinking that some people still got their orders filled during the whole mess. I'm now speculating that no one was able to buy/sell from mtgox at the time. At least i hope so. otherwise a rollback would not be an option
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it?
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that?
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seriously though. does anyone see a way of successfully recovering from this? u can't just rollback bitcoins.
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again?
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the price will go down to 0 because this is a situation that you can't recover from. bitcoin got goxxed. it was fun while it lasted
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
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i sure hope its not Gox having this problem.
sry to break it to you, but it IS gox thats buggin out. I can't cancel my orders.
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I got Clark to load and work but it looks NOTHING like navigator's.
Clark is buggin' it seems.
yeah, thats my bet. no, its mtgox thats buggin
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and you can only withdraw 200 btc at a time . goxxed
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no, no real trading is going on. on clark moody every time it passes my ask it says the same amount of bitcoins sold.... mtgox isnt responding.
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it seems like we're stuck in a loop. it keeps going up to 9.4 then big sell off to 8.7 then again and again. How can you trade?? mtgox not working. is it hacked?
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BOOOOOOOOM
LOL that was more like a pew pew pew..... Hardly much of a move... 50 cents is not a big move?? i guess the volatility has gotten to people's heads.
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i'm calling BS on this wall. rally inc
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Plz stop observing walls. You guys are looking at them wrong the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY" the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.
So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" : A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.
The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side. this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"
Right now, in my opinion, the people that are selling "in the trenches" are being manipulated by that ask wall.
Wow I actually learned something important here. Thanks! this is why you should ignore walls. in fact, you should almost see them as an indicator of a switch The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.
What about manipulators creating this "organic" line shape at the bid side (maybe via some script)? then they would have to be selling/buying in the trenches because they would have no wall to manipulate people into undercutting (which protects their wall, so they would have no protection). so their agenda would be to actually sell/buy coins. so this is what manipulators do AFTER a switch, or if they are predicting another manipulator's switch by essentially "calling their bluff". bottom line is: no matter if its a bot or a bunch real traders, Linear diagonal lines are signs that they actually want to buy/sell. Walls are signs that they don't. this explains why that counter-argument doesn't make sense. PLZ STOP GETTING MANIPULATED BY WALLS!! WE CAN FIX THIS OBVIOUS MANIPULATION IF YOU UNDERSTAND HOW IT WORKS
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It's only because traders don't understand how market manipulation works. There are a lot of people that trade on this market that have no clue what they are doing. So, the way I see it, if we teach people some of the basic concepts of market manipulation then it will be less effective, and can even backfire. the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY" the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.
So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" : A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.
The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side. this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"
Right now, in my opinion, the people that are selling "in the trenches" are being manipulated by that ask wall.
Wow I actually learned something important here. Thanks! this is why you should ignore walls. in fact, you should almost see them as an indicator of a switch The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.
What about manipulators creating this "organic" line shape at the bid side (maybe via some script)? then they would have to be selling/buying in the trenches because they would have no wall to manipulate people into undercutting (which protects their wall, so they would have no protection). so their agenda would be to actually sell/buy coins. so this is what manipulators do AFTER a switch, or if they are predicting another manipulator's switch by essentially "calling their bluff". bottom line is: no matter if its a bot or a bunch real traders, Linear diagonal lines are signs that they actually want to buy/sell. Walls are signs that they don't. this explains why that counter-argument doesn't make sense. PLZ STOP GETTING MANIPULATED BY WALLS!! WE CAN FIX THIS OBVIOUS MANIPULATION IF YOU UNDERSTAND HOW IT WORKS
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the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY" the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.
So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" : A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.
The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side. this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"
Right now, in my opinion, the people that are selling "in the trenches" are being manipulated by that ask wall.
Wow I actually learned something important here. Thanks! this is why you should ignore walls. in fact, you should almost see them as an indicator of a switch The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.
What about manipulators creating this "organic" line shape at the bid side (maybe via some script)? then they would have to be selling/buying in the trenches because they would have no wall to manipulate people into undercutting (which protects their wall, so they would have no protection). so their agenda would be to actually sell/buy coins. so this is what manipulators do AFTER a switch, or if they are predicting another manipulator's switch by essentially "calling their bluff". bottom line is: no matter if its a bot or a bunch real traders, Linear diagonal lines are signs that they actually want to buy/sell. Walls are signs that they don't. this explains why that counter-argument doesn't make sense. PLZ STOP GETTING MANIPULATED BY WALLS!! WE CAN FIX THIS OBVIOUS MANIPULATION IF YOU UNDERSTAND HOW IT WORKS
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