Bitcoin Forum
December 03, 2016, 05:59:17 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: Trading paused?  (Read 6426 times)
jaronm
Newbie
*
Offline Offline

Activity: 7


View Profile
July 05, 2011, 09:44:50 PM
 #41

While following the #mtgox IRC channel, I remember a discussion about a circuit breaker that was put in place to help prevent a repeat of the plummet to $0.01.  If a large order or swing was detected (don't remember the exact details), trading would be automatically halted until it could be manually reviewed.  My guess is that this circuit breaker triggered and MT just had to review it and turn trading back on.  Just a possibility.

Feeling generous?  14bFbRFJQXZTPGFkfhcXNEnrUw5hMqW7qy
Trade Hill referral (get 10% off fees for life): TH-R16369
Bitcoin7 referral code: 9368
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
StewartJ
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 05, 2011, 09:45:07 PM
 #42

Goddamnit.  Just, Goddamnit so much.

 Angry

X 3
peach
Jr. Member
*
Offline Offline

Activity: 42


An intermediary stage in the breakdown of stars


View Profile
July 05, 2011, 09:45:11 PM
 #43

From $14 to $12.75, post pause... wtf?

Yes. Honestly, wtf?

Someone explain.

DO IT
1ENhnpoUohq58A2xu5LxKejAeet9PxzrCg
Lord F(r)og
Donator
Sr. Member
*
Offline Offline

Activity: 477



View Profile
July 05, 2011, 09:45:21 PM
 #44

I wish I was there to see MK's face waking him up
peach
Jr. Member
*
Offline Offline

Activity: 42


An intermediary stage in the breakdown of stars


View Profile
July 05, 2011, 09:47:14 PM
 #45

I wish I was there to see MK's face waking him up

I wouldn't mind waking at 6 a.m. once and a while if I was making five thousand bucks a day.

DO IT
1ENhnpoUohq58A2xu5LxKejAeet9PxzrCg
StewartJ
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 05, 2011, 09:48:03 PM
 #46

OK, the GOX Pause either stopped a surge, a possible rally even.... or it was a pre-destined fall back.

Day trading momentum being so fickle, I opt for the former.
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 05, 2011, 09:48:50 PM
 #47

From $14 to $12.75, post pause... wtf?

Yes. Honestly, wtf?

Someone explain.

Someone put in a big order. It pushed the prices pretty high. A bunch of sellers think $13 is way better than the $11 they just paid and sell. We are going to bounce for a good while. Probably land in the middle.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 05, 2011, 09:50:17 PM
 #48

mtgoxlive looks like a lie detector of someone having a heart attack.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
JBDive
Full Member
***
Offline Offline

Activity: 238


View Profile
July 05, 2011, 09:51:52 PM
 #49

Really total BS when it takes the price from $14 on TH and near $14 on Gox and trashes by $2 in 2 mins all from paused trades, not trades based on real time price moves.
wolftaur
Member
**
Offline Offline

Activity: 112


View Profile
July 05, 2011, 09:52:50 PM
 #50

Really total BS when it takes the price from $14 on TH and near $14 on Gox and trashes by $2 in 2 mins all from paused trades, not trades based on real time price moves.

Has anything coming out of Mt.Gox in the last few weeks NOT been total bullshit?

"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
BobPanda
Newbie
*
Offline Offline

Activity: 25


View Profile
July 05, 2011, 09:57:55 PM
 #51

i think we'll be back at 14 in a few minutes again ... the drop was nothing critical. i wonder who sold ?! ...
Lord F(r)og
Donator
Sr. Member
*
Offline Offline

Activity: 477



View Profile
July 05, 2011, 09:59:11 PM
 #52

paniacs
StewartJ
Sr. Member
****
Offline Offline

Activity: 392



View Profile
July 05, 2011, 10:00:43 PM
 #53

This "pause" incident has huge repercussions, above and beyond just the folks getting hit on this exchange.

Do we want to make bitcoins look like the fisher price toy of currency or what Huh  
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 05, 2011, 10:02:37 PM
 #54

This "pause" incident has huge repercussions, above and beyond just the folks getting hit on this exchange.

Do we want to make bitcoins look like the fisher price toy of currency or what Huh  

After the hackcrash, everyone was bitching about how there should have been circuit breakers. Now when they trip, everyone bitches. What do you people want?

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
Jessynoo
Jr. Member
*
Offline Offline

Activity: 54


View Profile
July 05, 2011, 10:03:25 PM
 #55

mtgoxlive looks like a lie detector of someone having a heart attack.
Has anything coming out of Mt.Gox in the last few weeks NOT been total bullshit?
I loled hard

Look, I've got a possible theory .
Here's a summary from my other posts.
From the huge cancel orders as seen on http://bitcoinity.org/markets?exchange=all, there's no doubt some big bots are doing the job.
Now in order to drive the price down, they need a selling bot to chase the bids they keep moving down from the ticker.
Such a bot might be MtGox selling transaction fees at market price (that seems a reasonable practice to me)
The following rally is just the opposite manipulation, though you don't need a failing bot to get the market rally up.
The big sinusoids correspond to free market period when the big player releases his covers. The rest is a battle of bots Smiley
gentakin
Member
**
Offline Offline

Activity: 98


View Profile
July 05, 2011, 10:04:57 PM
 #56

After the hackcrash, everyone was bitching about how there should have been circuit breakers. Now when they trip, everyone bitches. What do you people want?

I want MtGox to publicly state under which conditions those breakers trip. Like this: http://www.nyse.com/press/circuit_breakers.html

1HNjbHnpu7S3UUNMF6J9yWTD597LgtUCxb
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 05, 2011, 10:05:28 PM
 #57

$3/$11 is a 27% move.  must've tripped a circuit breaker. 

didn't anyone tell Mark the Dow only trips on the way DOWN?!
NO_SLAVE
Jr. Member
*
Offline Offline

Activity: 56


DEBT IS SLAVERY


View Profile
July 05, 2011, 10:06:03 PM
 #58

do you have any idea how comforting it is to not have funds or btc in the gox?

very.

I know exactly where funds are now and know they are insured.
my guess is there will be a "bank run" on gox at some point, if not already happening.


SlaveInDebt
Hero Member
*****
Offline Offline

Activity: 702


Your Minion


View Profile
July 05, 2011, 10:08:03 PM
 #59

I'd like to kick that fucker in his teeth.

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
DamienBlack
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 05, 2011, 10:09:49 PM
 #60

After the hackcrash, everyone was bitching about how there should have been circuit breakers. Now when they trip, everyone bitches. What do you people want?

I want MtGox to publicly state under which conditions those breakers trip. Like this: http://www.nyse.com/press/circuit_breakers.html

Yes, you are right. That would be nice.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
Pages: « 1 2 [3] 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!