fredi173 (OP)
Newbie
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Activity: 52
Merit: 0
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April 11, 2013, 03:28:58 PM |
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for at least 24h or 48 ours
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Ekaros
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April 11, 2013, 03:34:51 PM |
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Why?
Free market should be allowed to correct itself.
Or if price doubled in short time maybe we should halt trading too?
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BitBuster
Member
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Activity: 101
Merit: 10
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April 11, 2013, 03:36:42 PM |
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Freezing is the worst thing they could have possibly done.
Anyone got the charts from last time they froze or even the infamous "rollback"?
BB.
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superduh
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April 11, 2013, 03:46:38 PM |
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yes, it should stop
TECHNICAL GLITCHES and FLAT OUT MARKET MANIPULATION (.001btc orders), and adding UNFUNDED ORDERS. etc
is NOT FREE MARKET. it's MANIPULATION.....................
just to be clear. technical glitches, abuse, DDOS all that stuff is NOT FREE MARKET. don't be calling it what it's not.
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ok
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jubalix
Legendary
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Activity: 2618
Merit: 1022
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April 11, 2013, 03:47:22 PM |
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Freezing is the worst thing they could have possibly done.
Anyone got the charts from last time they froze or even the infamous "rollback"?
BB.
I agree freezing is the worst thing, though trading had essentially frozen anyway |
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BitBuster
Member
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Activity: 101
Merit: 10
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April 11, 2013, 03:49:45 PM |
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@superduh
1. Such "glitches" should not exist.
2. If they occur, people should know better than to trade during them.
3. Solving one manipulation with a further manipulation is like shooting the second leg after the first.
4. People should still be free to take their chances if they so wish.
5. Otherwise, such policies of "freezing" should be clearly formalised and documented BEFORE such events.
BB.
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Ekaros
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April 11, 2013, 03:50:41 PM |
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yes, it should stop
TECHNICAL GLITCHES and FLAT OUT MARKET MANIPULATION (.001btc orders), and adding UNFUNDED ORDERS. etc
is NOT FREE MARKET. it's MANIPULATION.....................
just to be clear. technical glitches, abuse, DDOS all that stuff is NOT FREE MARKET. don't be calling it what it's not.
You are fully free to choose a market place that doesn't not suck. Or not use any market place at all and instead do it straight... |
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superduh
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April 11, 2013, 03:53:06 PM |
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people were unable to change their orders during the lag. how is that free market?
mtgoxs platform is horrid. if they don't freeze and take care of things things will go to hell a lot faster.
they are at the moment the cause of many problems
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ok
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fredi173 (OP)
Newbie
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Activity: 52
Merit: 0
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April 11, 2013, 03:55:10 PM |
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people were unable to change their orders during the lag. how is that free market?
mtgoxs platform is horrid. if they don't freeze and take care of things things will go to hell a lot faster.
they are at the moment the cause of many problems
+1 |
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BitBuster
Member
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Activity: 101
Merit: 10
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April 11, 2013, 03:56:39 PM |
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people were unable to change their orders during the lag. how is that free market? Because everyone knows that Mt. Gox is a shithouse and chooses to take that risk when they trade with them. As ever - dont like it? Leave! But don't try to insist that others must do the same. BB. |
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Luno
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April 11, 2013, 04:00:47 PM |
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There is one guy here on this forum living a few streets from Gox.
An eyewitness confirmation that they are not leaving would be nice.
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superduh
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April 11, 2013, 04:01:35 PM |
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free market my ass..................
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
will this change? i hope so. but, it hasn't yet.
people are free to do whatever the want. no doubt.
however, blatant manipulation is horrible and will have horrible consequences.
it's better to have people be able to adjust than have orders be executed hours later
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ok
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threeip
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April 11, 2013, 04:08:33 PM |
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free market my ass..................
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
God help you if you ever find #otc |
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BitBuster
Member
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Activity: 101
Merit: 10
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April 11, 2013, 04:09:34 PM |
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No it isn't. All the time Gox tries to wipe people's asses so they don't get nappy rash from the risks they took on what they know to be an unstable system, it perpetuates this stupid culture where everyone demands to be saved from their losses.
This is bitcoin; you have no warranty and no service level agreement.
BB.
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jojo69
Legendary
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Activity: 3206
Merit: 4386
diamond-handed zealot
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April 11, 2013, 04:11:10 PM |
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balderdash
the exchanges that can handle the server load (camp bx, bct-e, perhaps others) are already trending back up into the 80s or 90s
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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MashRinx
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April 11, 2013, 04:12:32 PM |
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free market my ass..................
i'm being realistic. as of now everything regarding bitcoins is tied to gox.
will this change? i hope so. but, it hasn't yet.
people are free to do whatever the want. no doubt.
however, blatant manipulation is horrible and will have horrible consequences.
it's better to have people be able to adjust than have orders be executed hours later
Blatant price manipulation has been going on for months, if not longer. If you run Slush's Sierrachartfeed app that you can find on the forum, these very small trades trying to manipulate prices up or down happen often. The problem is the inability of the platform to handle the volume, not from people trying to manipulate the market. If Bitcoin can't survive those attempts, it is doomed to failure for sure. |
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Frozenlock
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April 11, 2013, 04:14:38 PM |
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Freezing is worse than anything else.
I wouldn't mind a 75% drop. Hell, after the crazy few weeks, a 90% could be healthy.
But a freeze... This leaves a really bad impression.
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moni3z
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April 11, 2013, 04:16:25 PM |
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Just bought for $64 at cavirtex. Great success
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BitBuster
Member
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Activity: 101
Merit: 10
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April 11, 2013, 04:16:40 PM |
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@fredi173
@superduh
What do you think is going to happen, the second that Gox is re-activated?
BB.
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superduh
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April 11, 2013, 04:21:52 PM |
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Freezing is worse than anything else.
I wouldn't mind a 75% drop. Hell, after the crazy few weeks, a 90% could be healthy.
But a freeze... This leaves a really bad impression.
why? so you can buy from all the newbies who panic sold for your own personal gain? freeze doesn't leave a bad impression it says: our software is SHIT and we are taking time to make sure that our shit software stops messing everything up. how is this not better. the problem is not the prices it's the website! just one website. |
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