You must understand that these limit buy/sell orders on the exchanges do not mean a lot. It's merely protection from big price fluctuations. They can (will) be deleted when any news arrive. They only good indication for price direction is volume.

If price goes up and volume increase - strong buy signal.
If price goes up and volume decrease - sell signal.

If price goes down and volume increase - strong sell signal.
If price goes down and volume decrease - buy signal.

Hope it helps someone...

Hmm... I never understood such approach - being friendly and making friends with everybody.

You have an idea, you say it loud - there will be people who join there will be people who not...

All this being nice and shit - road to nowhere - they will dump you when good time will come for them...

Stand what you are and see who joins you - they are friends - talk to them

I mean if prices can weather such inflation rate than we doing fucking good!

Did you know that Bitcoin currently has 43.999281216541% inflation rate..

161 blocks per 24 hour x 365 days x 50 BTC per block / 6,677,950 BTC total mined

Don't worry, this is already granted... you don't need to convince them...

The best answer

BS idea... Nefario's work so much more useful and backed by Bitcoin network..

scumbags

+1

Totally agree with Kevin.

      

You can make thousands of mistakes in web programming, but please!!! - don't fuck up with C++

This is IMHO of course..

First of all MTGox was hacked down around 3 days ago or so - http://forum.bitcoin.org/index.php?topic=19649.0

There are 2 variants:

1. Hackers got access to data in database ONLY through SQL injection - it's "oh my God" scenario.
2. WHOLE box was compromised some how (through unpatched software) - it's "Holy shit" scenario..

Personally I see "oh my God" scenario took place...

They got access to WHOLE db - not only login/passwords.
They found account with MOST BTC on it..
It took them couple of days to crack the password (these guys know what hash means )
They calculated how far they can push price down and put their bids there...
Then they got logged in with it and pressed "SELL ALL IN" button...
Now they have cheap bitcoins and wait for noise to settle down and cash out.

Ramifications for "oh my God"..

1. Hackers continue to break passwords to top 10 accounts...
2. SQL injection hole is still there and it can happen again EVEN after forced password change.

No "Holy shit" scenario took place..
If it was the case, they would simply send away all coins from account. But I don't think MTGOX will try to hide this.. I mean he is not that stupid to try it...

It's in their dreams.... )))

They have 2 ways to do it..

Just restart system and continue...

Make investigation and reimburse losses out of their own pockets...

Or simply close down...

Of course they can don't pay losses but people will abandon this place after it..

NB... Roll back so what - after each hack we will have roll back

hahahahahahahahahhahahaa...

there is no way to separate good trades from bad ones....

If MTGox will even try to do it - it's time for another MTGox....

This smells like a big money.... we definitely need try to do it.

Ok, read full thread... people here need examples to understand things..

Have you ever been fucking when it is dry there?

Deflation kills lending... no lending - things slow down... and can stop eventually...

Take human body and blood example...

The root of your anger for inflation lies in UNCONTROLLED money printing by governments and ABUSING power of money distribution between closed circles...

BTC introduces mechanism to eliminate this problems...

I don't even want to comment on "I need money to start x - go earn it!"...

Totally agree with Suggester...  These hurricanes on Bitcoin charts are not good for it.
I understand that we will definitely grow out of this things but they are HUGE obstacle for adoption by large businesses now...
No idiot will associate his business with such volatility.

I really don't understand why we can't have x% ( but fixed ) per year inflation or let it generate forever...

Of course it will drive away "get-rich-quick" guys... but who needs them anyway?

Only small percent of people see what BTC has to offer to the world others just wait to cash out their billions of USD...

If you are coding in PHP - please leave a trace here..

Some of us probably doing same projects for Bitcoin but separately...

It would be nice to talk about with peers and probably engage in collective production.

I'm first - https://github.com/santacruz123

We must thank God someone has interest in manipulating the market...