yuvadm (OP)
Newbie
 Offline
Activity: 43
Merit: 0
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March 28, 2013, 09:23:26 PM |
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Very peculiar behavior right now on teh gox.
Coins are being dumped en masse, and always in sync with serious trade engine lag.
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epetroel
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March 28, 2013, 09:25:18 PM |
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Probably the dumping that's causing the lag...
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Zangelbert Bingledack
Legendary
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Activity: 1036
Merit: 1000
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March 28, 2013, 09:25:27 PM |
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It's no mystery: when Gox lags, bulls are reluctant to buy because Gox could go kaput. Bears are prompted to sell because they might not be able to until the drop has bottomed out.
Basically Gox delay is a bearish development, because it means that the main exchange sucks just a little more than everyone thought.
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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March 28, 2013, 09:27:22 PM |
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meanwhile, I get fiat on other exchanges ready to buy out the dip. lets see how deep this one goes... 15% so far.
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i am satoshi
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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March 28, 2013, 09:28:12 PM |
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It's no mystery: when Gox lags, bulls are reluctant to buy because Gox could go kaput. Bears are prompted to sell because they might not be able to until the drop has bottomed out.
Basically Gox delay is a bearish development, because it means that the main exchange sucks just a little more than everyone thought.
It sucks exactly as much as I thought, which is why I like to be prepared to buy elsewhere when it dips. |
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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March 28, 2013, 09:29:00 PM |
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Some miner who started mining back in 10' said F#%k it... im buying my own island!
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- aka The "DigiMan"
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yuvadm (OP)
Newbie
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Activity: 43
Merit: 0
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March 28, 2013, 09:31:13 PM |
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So let me get this straight...
Gox lag is created by sell orders being unsatisfiable? Or by malicious users exploiting gox's engine?
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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March 28, 2013, 09:33:23 PM |
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Some miner who started mining back in 10' said F#%k it... im buying my own island!
Feel sorry for them, they could own the world, but they are limited by their short sighted view. Good to have these kind of people shake out before we move along  |
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 28, 2013, 09:34:51 PM |
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So let me get this straight...
Gox lag is created by sell orders being unsatisfiable? Or by malicious users exploiting gox's engine?
No. Gox lag is caused by large volume. Their setup is not engineered properly to handle so much traffic. Nothing broken, nothing malicious, just a system design that can't possibly handle the load. There is supposedly a update to the trading engine that will help, but it is still in testing. In the mean time, there are plenty of other places to buy and sell bitcoin. |
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Tirapon
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March 28, 2013, 09:42:34 PM |
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This has happened several times before. It will probably happen again. No need to worry.
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bitcon
Legendary
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Activity: 2212
Merit: 1008
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March 28, 2013, 09:45:38 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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March 28, 2013, 09:46:43 PM |
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This has happened several times before. It will probably happen again. No need to worry.
Agreed, just don't put in auto sell order on Gox. Back when it was dumping a month ago I put an auto sell order in at $46 and it didn't execute until $33.... the bottom  |
- aka The "DigiMan"
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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March 28, 2013, 09:48:03 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
My buy order went through after 5 minute delay at $80. |
i am satoshi
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BitcoinTip
Newbie
Offline
Activity: 14
Merit: 0
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March 28, 2013, 09:48:12 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit |
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foo
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March 28, 2013, 09:48:30 PM |
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This weekend's flash crash is coming early. I've got my buy orders on Bitstamp standing by... Come to papa!  |
I know this because Tyler knows this.
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BitcoinTip
Newbie
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Activity: 14
Merit: 0
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March 28, 2013, 09:49:22 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit gox is broken. i tried to buy 1000 coins it just sits on "pending"
My buy order went through after 5 minute delay at $80. As shown by the above moron. HAHA. PEOPLE LOOSING MONEY ALL OVER THE PLACE.
HAHAHA
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
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Aztec
Newbie
Offline
Activity: 56
Merit: 0
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March 28, 2013, 09:50:34 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit Have I missed somthing? |
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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March 28, 2013, 09:50:51 PM |
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As shown by the above moron.
idiot alert / ignored as a kid with little to no brain activity. |
i am satoshi
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foo
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March 28, 2013, 09:51:16 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit Have I missed somthing? You missed the Ignore button on that dude. |
I know this because Tyler knows this.
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WikileaksDude
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March 28, 2013, 09:52:37 PM |
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gox is broken. i tried to buy 1000 coins it just sits on "pending"
Looooool, have fun buying above $70 when tomorrow it will be sub $50, and the day after that below 430. twit gox is broken. i tried to buy 1000 coins it just sits on "pending"
My buy order went through after 5 minute delay at $80. As shown by the above moron. HAHA. PEOPLE LOOSING MONEY ALL OVER THE PLACE.
HAHAHA
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
DOWN WE GO!
the greedy people are... gotta love bitcoin |
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