Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[TheKoziTwo]

Any fool can criticize, condemn and complain - and most fools do.
- Benjamin Franklin

+1

wow those are beautiful words, you even have a picture ...

so customers cannot complain? I used to be system administrator for a very important telecom company and took care of many systems running critical services and when there were outages (there are always unexpected problems of course) everyone and his mother would do everything in heaven and hell to make sure that the same problem would not happen again.

I see outages here everywhere ... Some companies give a discount when there are outages, some others publish some kind words. Seriously i am really patient, and really understand many problems that might arise with administration but lately things are getting slightly out of control ...

Complain all you want, just don't come with bullshit such as "mark should go to jail".

[UltimateReaper]

...I really hope this guy goes to jail. In my life i have seen such an incompetence....
savers lose their hard earned money. Just one catastrophic failure after the other and never learn.

Please.  You're on *speculation forum*  bitching about an overseas currency exchange.  You are not a saver.  You're a speculator -- chin up, bud!  

I am not a saver, but i wouldn't say that there are not any saver around using mtgox and losing money with MtGox Lag or even at this very moment with their inhability to log into MtGox (or maybe yesterday night with ANOTHER outage).

Whoah. Savers are unaffected by lag -- only traders can get hurt.  The money changers.  Savers are fine (stupid to use Mt.Gox as a bank, but fine otherwise).

There are some services that need 24x7 SLAs and have to run 99,99% of the time. Mt Gox service compared with another IT company online-rate would compare to a potato chips third league online webpage. They are playing with people's money and they should start to be 24x7. They are hurting all the Bitcoin economy.

The only money Mt.Gox is playing with is that of ultra-high risk traders, who are willing to use Gox's services knowing full well how bad they are.  Part of the game.

And to those saying (why don't you do it youself?): If my son needs to go to the hospital and they cut off the other leg, i cannot complain because the doctor would say (hey!! why didn't you learn medicine?)

If you took your son to a totally unregulated hospital, and your friends, family & everyone with nothing better to do told you how awful the hospital is, and that wrong legs of children are cut off dayly...  What was the question again?

He actually has a right to be pissed. It's one thing to be screwed by the market itself, but how would you feel if you lost money in your bank account because your bank fucked up?

As for me, this sort of shit is inevitable. How old is BTC? How old is MtGox?

We are taking a journey through the new world, you can't expect less, hell, it should be worse.

EDIT: Though, I'm pretty pissed at America all the time so I don't blame MtGox for any American centric issues.

[EuroTrash]

BitStamp dump time again...

[Piper67]

Let's give strange the benefit of the doubt here. He acknowledges that his understanding is limited.

I believe it's actually Coinseeker who acknowledged that. :-)

You're right, in that case the benefit of the doubt may be a stretch, since he's quite obvious in his desire to spread FUD. My bad.

[telemaco]

Any fool can criticize, condemn and complain - and most fools do.
- Benjamin Franklin

+1

wow those are beautiful words, you even have a picture ...

so customers cannot complain? I used to be system administrator for a very important telecom company and took care of many systems running critical services and when there were outages (there are always unexpected problems of course) everyone and his mother would do everything in heaven and hell to make sure that the same problem would not happen again.

I see outages here everywhere ... Some companies give a discount when there are outages, some others publish some kind words. Seriously i am really patient, and really understand many problems that might arise with administration but lately things are getting slightly out of control ...

Complain all you want, just don't come with bullshit such as "mark should go to jail".

You are right that was not necessary

[Pzi4nk]

I should probably post this in the tech/dev section, but since MtGox is down, here's my proposal for a true P2P Bitcoin network independent of DARPA-tainted interwebz:

Where's the sauna vault?  

+1

[crumbcake]

...I really hope this guy goes to jail. In my life i have seen such an incompetence....
savers lose their hard earned money. Just one catastrophic failure after the other and never learn.

Please.  You're on *speculation forum*  bitching about an overseas currency exchange.  You are not a saver.  You're a speculator -- chin up, bud!  

I am not a saver, but i wouldn't say that there are not any saver around using mtgox and losing money with MtGox Lag or even at this very moment with their inhability to log into MtGox (or maybe yesterday night with ANOTHER outage).

Whoah. Savers are unaffected by lag -- only traders can get hurt.  The money changers.  Savers are fine (stupid to use Mt.Gox as a bank, but fine otherwise).

There are some services that need 24x7 SLAs and have to run 99,99% of the time. Mt Gox service compared with another IT company online-rate would compare to a potato chips third league online webpage. They are playing with people's money and they should start to be 24x7. They are hurting all the Bitcoin economy.

The only money Mt.Gox is playing with is that of ultra-high risk traders, who are willing to use Gox's services knowing full well how bad they are.  Part of the game.

And to those saying (why don't you do it youself?): If my son needs to go to the hospital and they cut off the other leg, i cannot complain because the doctor would say (hey!! why didn't you learn medicine?)

If you took your son to a totally unregulated hospital, and your friends, family & everyone with nothing better to do told you how awful the hospital is, and that wrong legs of children are cut off dayly...  What was the question again?

He actually has a right to be pissed. It's one thing to be screwed by the market itself, but how would you feel if you lost money in your bank account because your bank fucked up?

As for me, this sort of shit is inevitable. How old is BTC? How old is MtGox?

We are taking a journey through the new world, you can't expect less, hell, it should be worse.

EDIT: Though, I'm pretty pissed at America all the time so I don't blame MtGox for any American centric issues.

My point is lousy exchanges are a part of unregulated market (as it stands -- i'm not saying it's intrinsic to lack of regulation).  A trader is responsible for taking all the risks into account.

[UltimateReaper]

...I really hope this guy goes to jail. In my life i have seen such an incompetence....
savers lose their hard earned money. Just one catastrophic failure after the other and never learn.

Please.  You're on *speculation forum*  bitching about an overseas currency exchange.  You are not a saver.  You're a speculator -- chin up, bud!  

I am not a saver, but i wouldn't say that there are not any saver around using mtgox and losing money with MtGox Lag or even at this very moment with their inhability to log into MtGox (or maybe yesterday night with ANOTHER outage).

Whoah. Savers are unaffected by lag -- only traders can get hurt.  The money changers.  Savers are fine (stupid to use Mt.Gox as a bank, but fine otherwise).

There are some services that need 24x7 SLAs and have to run 99,99% of the time. Mt Gox service compared with another IT company online-rate would compare to a potato chips third league online webpage. They are playing with people's money and they should start to be 24x7. They are hurting all the Bitcoin economy.

The only money Mt.Gox is playing with is that of ultra-high risk traders, who are willing to use Gox's services knowing full well how bad they are.  Part of the game.

And to those saying (why don't you do it youself?): If my son needs to go to the hospital and they cut off the other leg, i cannot complain because the doctor would say (hey!! why didn't you learn medicine?)

If you took your son to a totally unregulated hospital, and your friends, family & everyone with nothing better to do told you how awful the hospital is, and that wrong legs of children are cut off dayly...  What was the question again?

He actually has a right to be pissed. It's one thing to be screwed by the market itself, but how would you feel if you lost money in your bank account because your bank fucked up?

As for me, this sort of shit is inevitable. How old is BTC? How old is MtGox?

We are taking a journey through the new world, you can't expect less, hell, it should be worse.

EDIT: Though, I'm pretty pissed at America all the time so I don't blame MtGox for any American centric issues.

My point is lousy exchanges are a part of unregulated market (as it stands -- i'm not saying it's intrinsic to lack of regulation).  A trader is responsible for taking all the risks into account.

You're right.

And to be honest, I kind of like this "unregulated" market.

[crumbcake]

I should probably post this in the tech/dev section, but since MtGox is down, here's my proposal for a true P2P Bitcoin network independent of DARPA-tainted interwebz:

Where's the sauna vault?  

+1

I can't see much difference between telemaco's and reptilian logic.  Who would'a thunked the sauna was not secure?  

[crumbcake]

And to be honest, I kind of like this "unregulated" market.

Me too

[fr33d0miz3r]

Bitcoin is $101 at BTC-E right now

[crumbcake]

Bitcoin is 101 at BTC-E right now

and i thought it washttp://s20.postimg.org/a7drik2t9/image.jpg

[UltimateReaper]

Bitcoin is 101 at BTC-E right now

the end is neigh

Bitstamp is at 108

I seriously wonder how this is going to end up.

[Frozenlock]

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

[crumbcake]

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

Explain to a noob -- how is Mt.Gox's price changing while the API is dead & the site's down?  Is there another way to trade through Gox?

[Hawker]

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

Explain to a noob -- how is Mt.Gox's price changing while the API is dead & the site's down?  Is there another way to trade through Gox?

Yes - most people who are logged in are able to trade.  Its a pain to get in but once you are there all is good.

[crumbcake]

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

Explain to a noob -- how is Mt.Gox's price changing while the API is dead & the site's down?  Is there another way to trade through Gox?

Yes - most people who are logged in are able to trade.  Its a pain to get in but once you are there all is good.

Thanks!  Do they have a range of IPs to ease ddosing?

[Pale Phoenix]

Thanks!  Do they have a range of IPs to ease ddosing?

I believe they use Cloudflare and Prolexic to handle DDOS. I'm not sure how that applies to their trading engine though... it seems like they get flooded with huge numbers of .01 ask/bid adds and removes, and then the lag starts.

[wonkytonky]

BitStamp dump time again...

we can buy the price back up again with a very small buy.. it's not dumping.. it's a few bitcions beeing traded.

[dexX7]

I seriously wonder how this is going to end up.

Because Bitcoin loves to troll us.

Explain to a noob -- how is Mt.Gox's price changing while the API is dead & the site's down?  Is there another way to trade through Gox?

Yes - most people who are logged in are able to trade.  Its a pain to get in but once you are there all is good.

Thanks!  Do they have a range of IPs to ease ddosing?

BTC-E: yesterday they were sub 100. Big price diffference.