jaronm
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July 05, 2011, 09:44:50 PM |
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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.
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"Governments are good at cutting off the heads of a centrally
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networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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StewartJ
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July 05, 2011, 09:45:07 PM |
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Goddamnit. Just, Goddamnit so much.  X 3 |
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peach
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July 05, 2011, 09:45:11 PM |
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From $14 to $12.75, post pause... wtf?
Yes. Honestly, wtf? Someone explain. |
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Lord F(r)og
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July 05, 2011, 09:45:21 PM |
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I wish I was there to see MK's face waking him up
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peach
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July 05, 2011, 09:47:14 PM |
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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. |
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StewartJ
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July 05, 2011, 09:48:03 PM |
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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.
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DamienBlack (OP)
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July 05, 2011, 09:48:50 PM |
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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. |
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DamienBlack (OP)
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July 05, 2011, 09:50:17 PM |
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mtgoxlive looks like a lie detector of someone having a heart attack.
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JBDive
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July 05, 2011, 09:51:52 PM |
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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.
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wolftaur
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July 05, 2011, 09:52:50 PM |
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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!!!!"
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BobPanda
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July 05, 2011, 09:57:55 PM |
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i think we'll be back at 14 in a few minutes again ... the drop was nothing critical. i wonder who sold ?! ...
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Lord F(r)og
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July 05, 2011, 09:59:11 PM |
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paniacs
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StewartJ
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July 05, 2011, 10:00:43 PM |
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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  |
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DamienBlack (OP)
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July 05, 2011, 10:02:37 PM |
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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 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? |
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Jessynoo
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July 05, 2011, 10:03:25 PM |
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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  |
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gentakin
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July 05, 2011, 10:04:57 PM |
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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
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cypherdoc
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July 05, 2011, 10:05:28 PM |
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$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?!
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NO_SLAVE
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July 05, 2011, 10:06:03 PM |
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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.
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SlaveInDebt
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July 05, 2011, 10:08:03 PM |
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I'd like to kick that fucker in his teeth.
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"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
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DamienBlack (OP)
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July 05, 2011, 10:09:49 PM |
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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.htmlYes, you are right. That would be nice. |
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