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Author Topic: 60k volume right at the time Mt Gox pulled offline WTF???  (Read 1184 times)
Wuji
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April 12, 2013, 01:55:16 AM
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I'm looking at the graphs and I see 60k volume on the M15 right before the crash.  A massive selloff and the shutdown.  This has to correlate somehow and I'd like to understand cause and effect here.

http://bitcoin.clarkmoody.com/widget/chart/
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Luckybit
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April 12, 2013, 02:10:29 AM
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Something very unnatural is going on at MtGox right now. The price is $50. That just doesn't make sense even.
Wuji
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April 12, 2013, 02:12:18 AM
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I'm showing $67 now on the real time chart but, I think it does make perfect sense.  People have lost confidence.  I will not be surprised at all to see $30 tomorrow.
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April 12, 2013, 02:30:26 AM
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I think Mt. Gox has been manipulating the price all along.....I think they will do anything to keep it pumped.
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April 12, 2013, 02:30:58 AM
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Dat Mt Gox  Grin
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April 12, 2013, 02:43:48 AM
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I'm showing $67 now on the real time chart but, I think it does make perfect sense.  People have lost confidence.  I will not be surprised at all to see $30 tomorrow.

keep dreaming better buy now or get left behind

Buy Low Sell HIGH is the Motto...
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April 12, 2013, 03:04:37 AM
 #7

Something very unnatural is going on at MtGox right now. The price is $50. That just doesn't make sense even.

i feel for you, man. a lot of people were very greedy and it always ends the same way. i'm assuming, but you probably didn't know much about bitcoin before it broke it's all-time high, $31. I figured then that there would be another speculative bubble, driving the price up to $100, maybe!

Bitcoin has been worth single digits or less about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

we dun goofd again

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
Wuji
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April 12, 2013, 04:02:48 AM
 #8

Ok huge sell offs in volume and Mt. Gox shuts down again.  It looks like they want to not run if the price starts dropping again. Maybe they feel their lag is causing the drops but this is insanity.  I'm not putting money back in Mt. Gox after today.
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April 12, 2013, 04:17:23 AM
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If the price starts dropping, you can rest assured Gox will lag. The lower they go, the longer the lag. Same lag, different excuse. Sometimes they lag because of success. Sometimes they lag because of panic selling. Sometimes they lag because of DDoS. Or, perhaps they lag to manipulate the price?
Wuji
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April 12, 2013, 04:20:42 AM
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If the price starts dropping, you can rest assured Gox will lag. The lower they go, the longer the lag. Same lag, different excuse. Sometimes they lag because of success. Sometimes they lag because of panic selling. Sometimes they lag because of DDoS. Or, perhaps they lag to manipulate the price.

Yeah but this is the first time I've witnessed them shutting down.  Seems convenient they are saying heavy DDOS while the price is dropping.  I don't believe DDOS results in panic selling.  There was DDOS and lag on the way up this bubble.
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April 12, 2013, 04:22:55 AM
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If the price starts dropping, you can rest assured Gox will lag. The lower they go, the longer the lag. Same lag, different excuse. Sometimes they lag because of success. Sometimes they lag because of panic selling. Sometimes they lag because of DDoS. Or, perhaps they lag to manipulate the price.

Yeah but this is the first time I've witnessed them shutting down.  Seems convenient they are saying heavy DDOS while the price is dropping.  I don't believe DDOS results in panic selling.

Right before their last shutdown, I saw two massive sell orders @ 30 cents. It appeared on the Tradehill site (which has not been working since then) right before Gox went down 12+ hours ago. I don't know if it's a glitch, but it wiped out all of the other active buy orders according to Tradehill's site.
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April 12, 2013, 04:24:04 AM
 #12

unlikely panic selling, most bitcoin buyers and sellers are asleep at the moment. DDoS maybe, but withstanding DDoS attacks is simply not that hard.
HappyBitCoinUser
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April 12, 2013, 04:27:06 AM
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Krabby
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April 12, 2013, 04:34:38 AM
 #14

I'm going to steal this from the other thread:
Listentobitcoin before this crash:


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