Trading paused?

[wolftaur]

$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?!

Someone did, but Mark thought it was a customer, so he deleted the message without comment.

[cypherdoc]

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.

LOL, i just wired money to mtgox on Friday expecting a selloff and do you know how happy i am that i did?  i've been buying hand over fist on the way down and am already in the green with this buy!

[Vladimir]

expecting openness and transparency from mtgox... yea right...

[wolftaur]

expecting openness and transparency from mtgox... yea right...

Yeah, that's almost as hopeless as expecting competence and sufficient staffing.

[newMeat1]

I'm just glad it's exciting again

[Nagle]

Each time Mt. Gox has a screwup, the trading depth on the buy side (which reflects real money entrusted to Mt. Gox) drops. They're now at twice the buy side depth of Tradehill. A week ago, they had six times the depth.

[DamienBlack]

Each time Mt. Gox has a screwup, the trading depth on the buy side (which reflects real money entrusted to Mt. Gox) drops. They're now at twice the buy side depth of Tradehill. A week ago, they had six times the depth.

You have to remember that mt gox does not publish depth below a certain point below the price. Makes it hard to calculate total depth.

[cypherdoc]

actually all this uncertainly and fear has made me wire money to mtgox as fast as possible to take advantage of the lower prices.

[DamienBlack]

actually all this uncertainly and fear has made me wire money to mtgox as fast as possible to take advantage of the lower prices.

Ditto

[HideousBeastManGuy]

Each time Mt. Gox has a screwup, the trading depth on the buy side (which reflects real money entrusted to Mt. Gox) drops. They're now at twice the buy side depth of Tradehill. A week ago, they had six times the depth.

You have to remember that mt gox does not publish depth below a certain point below the price. Makes it hard to calculate total depth.

Exactly, a large move in either direction is going to clear out a ton of orders, leaving the DOM incredibly lopsided.  In our case everyone who wanted to buy between 14 and 11.1ish were able to, so of course when price bounces from 11 back to 14, there have only been a handful of people who were able to put in new buy orders between 11 and 14, so the DOM is gonna look out of whack.

[cypherdoc]

looks to me like we are going to put in a daily hammer on the charts which is a sign of a pending reversal.

[cypherdoc]

i should also say the hammer is associated with high volume which is sign of a washout or capitulation selling.

[cypherdoc]

just completed all my buys from Fridays wire and already the btc are sitting safely in my wallet.  what a FANTASTIC system!!!! 

nothing like it in the world.