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Author Topic: What is happening with Mt Gox? Last Price is fixed at 20.15  (Read 1326 times)
aeroSpike
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June 12, 2011, 07:03:30 PM
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What is happening with Mt Gox? Last Price has been fixed at 20.15 for the last 3 hours while the volume information is changing.
Anybody has a clue why?
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pindis
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June 12, 2011, 07:03:59 PM
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they shut down for today
muyoso
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June 12, 2011, 07:05:13 PM
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Oh boy, thats not going to be good for the market tomorrow most likely.

I drink it up!
zdmas
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June 12, 2011, 07:07:32 PM
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They shut down? Do you have a link?
aeroSpike
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June 12, 2011, 07:10:11 PM
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The server is responding and the history data is being updated, but all at the same price.
zdmas
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June 12, 2011, 07:20:47 PM
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The prices are stagnant but the volume is slowly trickling up... This has been the highest volume day ever for Mt. Gox, I'm sure everything will be back to normal soon, hopefully before Monday when the serious trading starts again.
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June 12, 2011, 08:27:59 PM
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The price jump to $30, fell to $10, and went back up to $20 in only a few days. I'm sure the influx of new users is causing a lot of extra traffic and serious speculation.

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June 12, 2011, 08:35:24 PM
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Market is being manipulated IMO.

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swusc2
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June 12, 2011, 08:36:25 PM
 #9

There API probably broke. You can still see the lasted "Lowest Ask Price" and "Lowest Bid Price" while logged into MtGox.

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June 12, 2011, 08:45:54 PM
 #10

mtgox seems to be back again
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June 12, 2011, 08:58:24 PM
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According to https://mtgox.com/code/data/ticker.php:

{"ticker":{"high":24.99,"low":10.25,"vol":161660,"buy":20.94,"sell":21,"last":20.94}}

Last trade was at 20.94$. But the cumulative volume for today was 161660 BTC which is impressive!

Also last trade from http://mtgox.com/code/data/getTrades.php was:

{"date":1307912004,"price":20.67,"amount":18.077,"tid":"168730"}

php -r 'date_default_timezone_set("UTC");echo date("Y-m-d H:i:s", 1307912004)."\n";'
2011-06-12 20:53:24

So, 2011-06-12 20:53:24 UTC, 18.077 traded for 20.67$

API is your friend because most of the charts/market watchers are late due to really high number of trades and volume today.
NuMessiah
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June 12, 2011, 09:05:56 PM
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Sorry, but the volume which I reported in previous post is not the volume in BTC but the number of total transactions.

But! Bitcoin charts just synced the data from mtgox and according to their stats today's volume is already 202,455.548 BTC or 3,356,833.05 USD which is even more impressive than what I reported earlier.

Is BTC trading (economy?) really kicking off now. We have really high trading volumes, plus volatile market as can be seen on "other" forex exchanges sometimes.
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June 12, 2011, 10:20:16 PM
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If the market could be so easily manipulated, what's stopping say... the US Govt, or any other institution or organization that feels threatened by Bitcoin to undercut it's credibility with a relatively small campaign of market manipulation?
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June 12, 2011, 10:29:19 PM
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If the market could be so easily manipulated, what's stopping say... the US Govt, or any other institution or organization that feels threatened by Bitcoin to undercut it's credibility with a relatively small campaign of market manipulation?
Well, this could be done ... but I think they would ultimaelly ended up loosing a shitload of money - pumping it into Bitcoin economy and the market would eventually overcome it. But they could wreak havoc short term in similar way the big guys are doing right now Smiley
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