russokai
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February 10, 2014, 11:56:54 AM |
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Now this is really interesting! Did you watch this on the charts yourself? I only noticed something was up when the red candle was already quite impressive. Sure enough, /r/bitcoin showed the answer by then. I was in #mtgox at the time, waiting for the release to be announced. We were all wondering why MtGox was rallying down and at around 620 and falling and then came the release. I'm sure quite a few others noticed and can verify this. I shorted on bitfinex at 690...could have covered at 535 if the site worked.
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MAbtc
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February 10, 2014, 11:57:09 AM |
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Please fix...... Guys, we are working on it. Keep calm. We will resume trading in 10 min time Thanks Giancarlo It's been 35 minutes since this announcement. 55 minutes since trading halted. We collectively have many millions of dollars tied up in your massive fuck up. Fix it now.
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btcdrak
Legendary
Offline
Activity: 1064
Merit: 1000
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February 10, 2014, 11:57:22 AM |
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My longs at 150/250/350 have been cancelled. Everything from the 5000 BTC dump will be reversed apparently.
Why cancelled that's how it's supposed to work. It's a dump. Because the API link to bitstamp was gone so those prices were a glitch. If the prices were a glitch, it would have only happened at Bitfinex. Bit it happened at BTCe too. So piss off mr apologist.
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hyphymikey
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February 10, 2014, 11:57:52 AM |
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Guys, they do not care how much you lost! They are making millions, why would they care if the service you pay for fails? It's not like you can do anything about it!
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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February 10, 2014, 11:58:06 AM |
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Now this is really interesting! Did you watch this on the charts yourself? I only noticed something was up when the red candle was already quite impressive. Sure enough, /r/bitcoin showed the answer by then. I was in #mtgox at the time, waiting for the release to be announced. We were all wondering why MtGox was rallying down and at around 620 and falling and then came the release. I'm sure quite a few others noticed and can verify this. Maybe it was on their webpage for some minutes before they announced it (in IRC)? Or some MtGox insider got rich on this move. Ente
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ledmaniak
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February 10, 2014, 11:58:09 AM |
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Now this is really interesting! Did you watch this on the charts yourself? I only noticed something was up when the red candle was already quite impressive. Sure enough, /r/bitcoin showed the answer by then. I was in #mtgox at the time, waiting for the release to be announced. We were all wondering why MtGox was rallying down and at around 620 and falling and then came the release. I'm sure quite a few others noticed and can verify this. I shorted on bitfinex at 690...could have covered at 535 if the site worked. Me too, tried to close the short, nothing happened. Now I lost about halve of the coins..
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Bitcoin: 1Cxi8BLvScSm1mW6kjb5MNeJZPrvAiYL6B Litecoin: LLmjtrrq1ZeD51NSUJ8VanuQduW8Ma3jrs
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jdh015232
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February 10, 2014, 11:59:52 AM |
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Now this is really interesting! Did you watch this on the charts yourself? I only noticed something was up when the red candle was already quite impressive. Sure enough, /r/bitcoin showed the answer by then. I was in #mtgox at the time, waiting for the release to be announced. We were all wondering why MtGox was rallying down and at around 620 and falling and then came the release. I'm sure quite a few others noticed and can verify this. I shorted on bitfinex at 690...could have covered at 535 if the site worked. Me too, tried to close the short, nothing happened. Now I lost about halve of the coins.. yup this is shit
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Baalinooo
Newbie
Offline
Activity: 3
Merit: 0
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February 10, 2014, 12:00:38 PM |
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Still stuck in my short on BFX. :-(
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myb87
Newbie
Offline
Activity: 26
Merit: 0
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February 10, 2014, 12:01:23 PM |
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Now this is really interesting! Did you watch this on the charts yourself? I only noticed something was up when the red candle was already quite impressive. Sure enough, /r/bitcoin showed the answer by then. I was in #mtgox at the time, waiting for the release to be announced. We were all wondering why MtGox was rallying down and at around 620 and falling and then came the release. I'm sure quite a few others noticed and can verify this. yup i saw mt gox going down too that why i shorted before the announcement and now i cant close the trade or buy cheap coins thanks to Bitfinex
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HairyMaclairy
Legendary
Offline
Activity: 1428
Merit: 2279
Degenerate bull hatter & Bitcoin monotheist
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February 10, 2014, 12:01:32 PM |
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So did the API supposedly go down on BCTE too? Does BTC E even have API to BSP?
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unclescrooge (OP)
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February 10, 2014, 12:01:42 PM |
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Dear users,
The trading engine is currently stopped due to the recent volatility and the fact that we exhausted our funds on Bitstamp in this critical moment.
We are waiting for new deposit to hit our Bitstamp account, after which we will resume the trades.
have a good day Raphael
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mattco
Newbie
Offline
Activity: 12
Merit: 0
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February 10, 2014, 12:02:26 PM |
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My longs at 150/250/350 have been cancelled. Everything from the 5000 BTC dump will be reversed apparently.
Why cancelled that's how it's supposed to work. It's a dump. Because the API link to bitstamp was gone so those prices were a glitch. If the prices were a glitch, it would have only happened at Bitfinex. Bit it happened at BTCe too. So piss off mr apologist. If those 5000 BTC were dumped with bitstamp liquidity working, the price wouldn't have dropped to $100 and there wouldn't have been over 3000 BTC in margin calls. It's a glitch.
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Giggety
Member
Offline
Activity: 98
Merit: 10
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February 10, 2014, 12:03:19 PM |
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Dear users,
The trading engine is currently stopped due to the recent volatility and the fact that we exhausted our funds on Bitstamp in this critical moment.
We are waiting for new deposit to hit our Bitstamp account, after which we will resume the trades.
have a good day Raphael
Have a good day LOL
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Drabla
Member
Offline
Activity: 104
Merit: 10
Pecunia non olet
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February 10, 2014, 12:03:23 PM |
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https://www.bitfinex.com/pages/tosYou accepted this all when you signed up. I am to unhappy with trading beeing halted. But we are playing an early adopters game. Be prepared. Spread your coins/usd to other exchanges, place catch orders, .... This isn't the first time this is happening in the world of bitcoins
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btcdrak
Legendary
Offline
Activity: 1064
Merit: 1000
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February 10, 2014, 12:03:50 PM |
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Dear users,
The trading engine is currently stopped due to the recent volatility and the fact that we exhausted our funds on Bitstamp in this critical moment.
We are waiting for new deposit to hit our Bitstamp account, after which we will resume the trades.
have a good day Raphael
WTF? and how long will it take to deposit funds? A day? OMG!
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jdh015232
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February 10, 2014, 12:04:19 PM |
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Dear users,
The trading engine is currently stopped due to the recent volatility and the fact that we exhausted our funds on Bitstamp in this critical moment.
We are waiting for new deposit to hit our Bitstamp account, after which we will resume the trades.
have a good day Raphael
my days so much better now except the 10 grand i just lost cuz of you thanks
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404notfound
Newbie
Offline
Activity: 28
Merit: 0
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February 10, 2014, 12:04:52 PM |
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I'm in a short position and would love if I could have closed it out at 100$, but that really isn't fair to the lenders. Lending shouldn't be a huge risk of losing money. This happened due to alot of poor timing on the api going down. Stopping trading was probably the best solution available. The bitstamp api can be very poor at times. Having other exchanges for further liquidity would be the best long term solution in my opinion. Lucky for those in a short position it looks like bitstamp is dumping again so we may get another chance.
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btcdrak
Legendary
Offline
Activity: 1064
Merit: 1000
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February 10, 2014, 12:05:23 PM |
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My longs at 150/250/350 have been cancelled. Everything from the 5000 BTC dump will be reversed apparently.
Why cancelled that's how it's supposed to work. It's a dump. Because the API link to bitstamp was gone so those prices were a glitch. If the prices were a glitch, it would have only happened at Bitfinex. Bit it happened at BTCe too. So piss off mr apologist. If those 5000 BTC were dumped with bitstamp liquidity working, the price wouldn't have dropped to $100 and there wouldn't have been over 3000 BTC in margin calls. It's a glitch. Any why did the price also tank at BTCe? They are not connected to Bitstamp, it's all done on their own trading engine with CFD via MT4. The price reached the same level.
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PYaEe
Jr. Member
Offline
Activity: 54
Merit: 4
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February 10, 2014, 12:05:30 PM |
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Raphael, please, say a word about liquidations - are there any losses for lenders?
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