How can people say that the lag is caused by selloffs now. There was NO selloff going on, BTC had been at almost exactly $110 for nearly 12 hours. Yet people are running around trolling about Gox trying to manipulate the price upward with lag.
I was watching live, there was a decent sell off, and it broke the price triangle downwards, and that was the start of the lag. The triangle was done long ago. There was a 2000btc sell and then it rested at 110ish for a couple couple minutes while no one did anything. THEN the lag started. 2000 sell that causes a couple dollar drop isn't really a sell off. see that couple of minutes when nothing happened? it was lagged, just no message, as lag starts before it tells you, I placed asks instantly on the movedown, and nothing happened, then minutes later we saw the lag, but it was there right away.
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How can people say that the lag is caused by selloffs now. There was NO selloff going on, BTC had been at almost exactly $110 for nearly 12 hours. Yet people are running around trolling about Gox trying to manipulate the price upward with lag.
I was watching live, there was a decent sell off, and it broke the price triangle downwards, and that was the start of the lag. But it was only a sell off from 114 to 110? Nothing that should induce too much panic? the price was consolidating into a narrow range, a triangle, people were waiting on a break out to see what way we are going, it broke down, and lag started.
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How can people say that the lag is caused by selloffs now. There was NO selloff going on, BTC had been at almost exactly $110 for nearly 12 hours. Yet people are running around trolling about Gox trying to manipulate the price upward with lag.
I was watching live, there was a decent sell off, and it broke the price triangle downwards, and that was the start of the lag.
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was it even that? the second the price triangle broke downwards it froze up, the system can't handle good selling at all. not all at once anyway
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but mtgox is the leading exchange, when price moves on gox others follow, price cannot completely crash on other bitcoin exchanges till gox lets market move again, the selling you see in the other sites is minor, just people willing to take loss, so that in the event of gox continued selling into the unknown they are not trapped.
So your contention is that if Mt. Gox is down, people who would otherwise panic sell won't just panic move-to-another-exchange-and-sell? Who in their right mind, believing that the price is going down, would not sell just because their favorite exchange is closed? no... I am saying they are doing just that, but that the price can't completely crash in the other sites as it's held up by the frozen gox price, even if somebody sells it down to $20 on btc-e it will come back up because gox will still open at $120 so it affects all exchanges, I saw it the first time round also when they stopped trading at 17. lets say price is $10 and somebody on mtgox buys to $12 all the other exchanges will follow, but if somebody did it on another exchange instead then gox would not necessarily follow.
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but mtgox is the leading exchange, when price moves on gox others follow, price cannot completely crash on other bitcoin exchanges till gox lets market move again, the selling you see in the other sites is minor, just people willing to take loss, so that in the event of gox continued selling into the unknown they are not trapped.
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any chance for some real opinions? I know it get's a little into circle jerk territory for permabulls in here. but you had done well holding so far.
anyway... mtgox deciding when we can sell is not ok with me, since higher price benefits mtgox with high value in fee's. would he freeze market for cooldown mid rally? he is making bitcoin look very bad, just like the first crash from 32 when they halted trading at 17(claiming hackers), it didn't stop anything, it made things far worse.
and he is misleading people also, he is trying to convince people that lag caused people to panic sell. and that by sorting it out, all is well. like a jedi mind trick or something, selling was way overdue, and there system can't handle decent selling, if anything it curbed selling enough over the weeks for it to build to this point,
trust is long gone.
I expect race to get out once again.
unless you think the largest exchange stopping trading due to excessive selling for its own self interest is perfect the time to buy. I worry this may have triggered a long bear market.
goxxed....
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the other exchanges will stay near gox price, even if it froze for a week. I hope the don't though, maybe this is chance to break away from gox
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gox makes money on the value of BTC, low fee's if the price is low ect, this is in mtgox interest to try and stop this selling. also any deals and partnership that they have lined up in future will be affected by bitcoin looking embarrassingly like penny stocks at this stage. nothing shakes confidence more that this. I don't believe I can trust gox at this point, also they are making it seem that lag is causing selling, but it's there dodgy system that can't handle selling that creates the lag, so they give out bad information about ddos'ers and there motives implying that you should not panic sell. they make it seem bitcoin selling wouldn't happen on its own.
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Is this serious? @mt.gox?
Is there any other MT.Gox user who can confirm this?
the title is a paste of the message i got after placing order
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I just got that message after trying a test trade, this is very like when gox stopped trades after the original crash from 32, he stopped it at 17 back then, which makes the tin foil hat brigade question if there really a hack back then.
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still no response to my support ticket about my missing bitcoins, it's been 7 days.
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there is nothing there regarding my situation I sent coins, but before they could get added to my account the site went down, and now that it is back the coins are not there, and that old receiving address I sent them into is now replaced by a new one, so where are the coins I sent in just before the site went offline? Perhaps someone else here knows the answer (I don't), but you can always open a support ticket. They probably won't be quick to respond though, I imagine they'll be getting lots of questions these days. I don't know your level of expertise (and I'm no techie myself) but have you tried looking up the receiving address on the blockchain (e.g. through blockchain.info) to see if you can see your transaction? I can see they were successfully sent on blockchain.info/ and have given them the link in the ticket. I really don't want a crash while my coins are stuck
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there is nothing there regarding my situation I sent coins, but before they could get added to my account the site went down, and now that it is back the coins are not there, and that old receiving address I sent them into is now replaced by a new one, so where are the coins I sent in just before the site went offline?
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I sent some coins in and they got over 20 confirmations and never got added to my account, then the site went down because of the security threat, and now the site is back up and the coins are not there and support ticket goes unanswered for 6 days, I don't want price to crash before they sort this :/ where did the coins that I sent to my old receiving address go?
anyone have something similar happen?
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Worst chart ever.. Look at it in log scale and on a full horizontal lenght, not this cheated chart !
log chart or not it's the same data. would you prefer to close your eyes to the real situation? you think log scale viewing stops it being bubble? people switched to log after the first exponential growth to 32, to make it easier to see. but it doesn't stop the reality of it clearly being a bubble. My main plan is trying not be caught out at the top, but none of us can guarantee that, when a large holder cashes out and starts the reversal.. we are all small fish.
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this is a very lengthy uptrend, so much so that many newcomers have only ever known the sunshine of the bull market, so when the real correction starts and the bear market is on us, they wont know it to see it, they will assume price will bounce back up like it always does after a very large sell off, after all, people will snap up the cheap coins right? only this time it sinks lower instead, and they wait... waiting for the price to recover... it will be interesting to see how low they let it go before they actually realise what is happening and get out. winter is coming.. don't know when this will happen of course. so gl with that
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There's no point in cashing out to fiat when BTC value becomes high. Pretty soon you can buy a lambo for 20 bitcoins sans fiat
don't miss out!
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quick question, what do you mean "Bitcoin might make a parabolic rally up" might? that ship has sailed
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10.6 right now, free beer if your right.
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