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

[Walsoraj]

What on earth just happened on Gox?  Gox trying to up their volume numbers?  Obvious bot buying & selling their own orders... so strange...

No. The great incompetent Mark revealed in IRC that a huge sell triggered a security "feature" that pauses trading. So, as soon as Gox is back to normal, the sell will continue. Just a heads up for everyone who doesn't use Gox and wants to stay ahead of the trend.

Thanks Mark, you are so thoughtful

[JimboToronto]

Kaboom

[Nemesis]

"roll back"? is this guy for real?

Yeah he is. You see in 2011 Gox was hacked and the hacker execute all the orders in the book down to under $1!

I guess Mark think hes smart by fcking put a trigger to roll back if there are so many orders executed! Genius!

[NamelessOne]

Hilarious history repeating itself. I think the last time this happened was at like 5-7$ range in February 2012. Such bullshit this can still happen. Pure incompetence.  

[zero3112]

what is going on on mtgox where they hacked buys and sells are executing at high frequency http://bitcointicker.co/

[chriswilmer]

Who would have thought that the first, second, and THIRD great Bitcoin crash would all be caused by Gox?  

http://www.youtube.com/watch?v=K2ku1A5Ox8U

[ChartBuddy]

[pera]

stop crying, you make bulls look bad

[Nemesis]

This dude is smart!!!!

[jojo69]

"roll back"? is this guy for real?

no, not really

[CryptStorm]

Who would have thought that the first, second, and THIRD great Bitcoin crash would all be caused by Gox?  

http://www.youtube.com/watch?v=K2ku1A5Ox8U

I need to walk away-- this exchange is clearly stuck on stoopid.

[N12]

Crazy shit always happens at the end of bubbles. That is just the nature of stresstesting the shitty infrastructure we have.

What's your strategy for bubbles, typically?

There is no typically for me since it's not a common occurence. Last time I daytraded it (came out ahead in BTC even, though I don't care about that), this time I swing traded it. Learn technical analysis and disregard news/"fundamentals" and pumpers I'd say.

There is still lots left to this though, there's always at least 1 major bull trap.

[derpinheimer]

Wow.

So how big was the sell in reality? All the sites I try show it to be ~10k, with 4k of asks..

[CryptStorm]

On bitcoinwisdom the asks keep disappearing completely and refilling. (I think!?!?!)

Is it not 2013???!? Can these guys not get this right!?

[seleme]

you can say whatever you want about him but RealSolid is genius for all other exchange operators.

[hlynur]

can't wait for chartbuddy's next comment on this

[SheHadMANHands]

The "crash" sooner than later is a good thing.

Concerning the USD exchanges... wow.  I would have trouble fucking up this much if I went out with the intention of doing so.  You would have thought "lesson learned" in April, but apparently not.

[gizmoh]

Fuck you Mark, Goxxing us on every bubble , Well i can see the i got the bid validated and have coins..shits gonna happen soon. Welcome back 266

[SheHadMANHands]

This is as much the fault of traders who continue to return to Gox.

[nanobrain]

Days like this buy and hold saves you a lot of anxiety