Mtgox hit $2.99

[dank]

they just did it again.  another $3 order just got filled....?

I didn't see any other $3 order.

Edit: Never mind I was making tacos at the time

[1713966929]

1713966929

[1713966929]

1713966929

[done]

Mtgox is  

[Bazil]

I saw what happened when I was looking at the order depth.  Almost all of the orders disappeared so some of the low ones got filled.  Then all the old orders reappeared.

[carbonc]

look here with google chrome
http://mtgoxlive.com/orders

[Hook^]

So I tried to sell .1 BTC at a rate of $1/btc ($0.10 total).  The system forced me to sell at the highest offer, not what I specified.

That means something other than a customer mistake was made in the system.

I was really hoping to screw with some people too....
 

EDIT: No, I wasn't the person that did the $2.99 trade.  You can't do that from what I explained above anyway.  Give it a try if you want.  You will see the same thing.

So anyone have any idea on how this can happen?  It obviously isn't from the customer site.

Maybe it is just test trades they are doing on the production system?

[1.21gigawatts]

you guys didn't learn your lesson from mt gox yet?

[bitbetter]

you guys didn't learn your lesson from mt gox yet?

that even though the exchange gets hacked the currency stays intact?

[Bazil]

you guys didn't learn your lesson from mt gox yet?

yeah with these kinds of bugs I'm going to have to move my money somewhere else I think.  I can't risk the system selling coins at 3 bucks a coin.

[cmh]

So I tried to sell .1 BTC at a rate of $1/btc ($0.10 total).  The system forced me to sell at the lowest offer, not what I specified.

That means something other than a customer mistake was made in the system.

I was really hoping to screw with some people too....
 

EDIT: No, I wasn't the person that did the $2.99 trade.  You can't do that from what I explained above anyway.  Give it a try if you want.  You will see the same thing.

I just tried your experiment and the order went through. That's the way I would expect it to work. Is there something wrong with that? Wait... did you just trick me into selling 0.1 btc for a $0.10?

[epi 1:10,000]

If the new support level is $2.99 then a lot of people are screwed. Exciting times!

[Hook^]

So I tried to sell .1 BTC at a rate of $1/btc ($0.10 total).  The system forced me to sell at the lowest offer, not what I specified.

That means something other than a customer mistake was made in the system.

I was really hoping to screw with some people too....
 

EDIT: No, I wasn't the person that did the $2.99 trade.  You can't do that from what I explained above anyway.  Give it a try if you want.  You will see the same thing.

I just tried your experiment and the order went through. That's the way I would expect it to work. Is there something wrong with that? Wait... did you just trick me into selling 0.1 btc for a $0.10?

No, mine wouldn't do it.  The order goes through, but if you look in your trade history, you see it sold for the highest offer price (around $15 or so).

If you really got it to work, let us know.

[dank]

So I tried to sell .1 BTC at a rate of $1/btc ($0.10 total).  The system forced me to sell at the lowest offer, not what I specified.

That means something other than a customer mistake was made in the system.

I was really hoping to screw with some people too....
 

EDIT: No, I wasn't the person that did the $2.99 trade.  You can't do that from what I explained above anyway.  Give it a try if you want.  You will see the same thing.

I just tried your experiment and the order went through. That's the way I would expect it to work. Is there something wrong with that? Wait... did you just trick me into selling 0.1 btc for a $0.10?

It didn't show up on any graph of mine.

[Hook^]

If you look at the low for Mt. Gox now, it is saying $15.4.  So they scrubbed the $2.99 trade.  I'm guessing it is test data they forgot to remove from production.

[cmh]

So I tried to sell .1 BTC at a rate of $1/btc ($0.10 total).  The system forced me to sell at the lowest offer, not what I specified.

That means something other than a customer mistake was made in the system.

I was really hoping to screw with some people too....
 

EDIT: No, I wasn't the person that did the $2.99 trade.  You can't do that from what I explained above anyway.  Give it a try if you want.  You will see the same thing.

I just tried your experiment and the order went through. That's the way I would expect it to work. Is there something wrong with that? Wait... did you just trick me into selling 0.1 btc for a $0.10?

I take it back. I placed the order, but it was filled at the highest bid.

[XRcode]

Thats enough for me lol

I think I will open an exchange for Canadian dollars.
I will look into what kind of accounts will be necessary to facilitate deposit/withdrawl in Canada and maybe make an exchange site.

[jed]

I think it is just a bug in the reporting not an actual trade.

[evolve]

If you look at the low for Mt. Gox now, it is saying $15.4.  So they scrubbed the $2.99 trade.  I'm guessing it is test data they forgot to remove from production.

im still showing a 2.99 low on mtgox...15.4 is the current price.

[XRcode]

If I were to take the time to setup a secure exchange, how many people would be interested in trading BTC with Canadian dollars??

[evolve]

depends on how easy/quickly i can get usd into the exchange.   

[XRcode]

You would be able to directly deposit USD, you would get the current exchange rate on converting it into CAD upon entering the trading account.