mzp
Newbie
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Activity: 10
Merit: 0
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February 09, 2014, 04:03:58 AM |
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there seems to be an unbreakable forcefield at 630. Price has bashed up against and ricocheted off that wall multiple times for hours. weird.
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njcarlos
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February 09, 2014, 07:48:58 AM |
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We'll be testing 600 by the morning I presume.
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 09, 2014, 08:14:27 AM |
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I'm not sure if you've read this: http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/but this was another Aussie, one who'd had enough of Gox messing them around. If you read the comments below the piece you'll find an interesting comment from someone who went for a job interview there. And since... I am a web designer and database engineer -
you'll be interested to learn from those comments that Gox don't have a testing environment...they work live. How does that fit with your view of them being uber-professional? Disclosure: I have used Gox since last June and had numerous problems with them and at this point still have coins stuck on there - so, spreading 'FUD' is not in my interests. |
"Markets always move in the direction to hurt the most investors." AnonyMint
"Market depth is meaningless" AdamstgBit
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tsoPANos
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February 09, 2014, 08:49:13 AM |
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No matter what, mt gox isn't capable of performing withdrawals, which means PANIC.
true story
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segeln
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February 09, 2014, 08:55:13 AM |
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micalith
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February 09, 2014, 09:57:33 AM |
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I find it hard to believe that the Gox BTC withdrawals stoppage is simply a technical issue. I wouldn't be surprised if they need the price to drop enough to buy back the customer's BTC they had lost. I hope for the sake of all the unfortunates with BTC stuck in Gox, that the price has dropped sufficiently for Karples to buy it back
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igorr
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February 09, 2014, 04:13:14 PM |
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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TERA
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February 09, 2014, 04:14:16 PM |
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That timer is counting up, not down.
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igorr
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February 09, 2014, 04:16:21 PM |
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That timer is counting up, not down.
No more my money, no more my bitcoin, all is gone  |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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segeln
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February 09, 2014, 04:18:35 PM |
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That timer is counting up, not down.
surprise,surprise |
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the_sunship
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February 09, 2014, 05:14:55 PM |
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That timer is counting up, not down.
surprise,surprise backward logic is perfect for the Gox exchange. |
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thelema93 (OP)
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February 10, 2014, 02:08:21 AM |
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As I predicted 2 days ago - the BTC price is normalizing around $700. It will do that until October when it will rise to $5000 +
The thing with Gox...
It seems that on the 7th Gox adjusted it's BTC rate to be more in synch with every other exchange. It's interesting that they stopped the BTC withdrawals at the same time, as far as I can see that would be because of either one of these 2 possibilities (depending on which happened first):
1) They planned the price drop first and so they knew that would cause lots of people to buy more BTC, and then they would me more likely to withdraw it and sell it somewhere else - especially some of the people who have had fiat withrawal issues.
OR
2) They stopped the BTC withdrawals to fix the bugs they'd been having. This then cause a big price drop because lots of people freaked out and started selling all their BTC.
Either way, it doesn't spell the end of Gox. I am very confident that within 1 week everything will be back to normal
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MatTheCat
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February 10, 2014, 02:16:39 AM |
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As I predicted 2 days ago - the BTC price is normalizing around $700. It will do that until October when it will rise to $5000 +
The thing with Gox...
LOL. I am bookmarking this! I will start a thread with this as a quote in a couple of weeks time and we shall see where we are.  |
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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February 10, 2014, 02:22:50 AM |
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Gox is NOT fine, and BTC has not crashed. At least this time we have other places to trade.  |
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hyphymikey
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February 10, 2014, 02:46:41 AM |
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Another fairly new member screaming nothing is wrong with Gox. It should mandatory to show a users buy in price to show reasoning behind their thoughts, which in this case are entirely wrong.
I remember screaming "everything is ok" when I bought in high and the price tanked shortly after. Then I learned that I knew nothing, and to use price swings to my advantage. So go educate yourself before you claim everything is fine.
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kwukduck
Legendary
Offline
Activity: 1937
Merit: 1001
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February 10, 2014, 06:17:30 AM |
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Who are you to decide when it's a crash or not?!
We all secretly know we're doomed!
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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thelema93 (OP)
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February 10, 2014, 06:18:54 AM |
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Another fairly new member screaming nothing is wrong with Gox. It should mandatory to show a users buy in price to show reasoning behind their thoughts, which in this case are entirely wrong.
I remember screaming "everything is ok" when I bought in high and the price tanked shortly after. Then I learned that I knew nothing, and to use price swings to my advantage. So go educate yourself before you claim everything is fine.
"I bought in high and the price tanked shortly after"hmmm..... an element of rage here? I bought in at $40 if you must know! |
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hyphymikey
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February 10, 2014, 06:59:43 AM |
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Another fairly new member screaming nothing is wrong with Gox. It should mandatory to show a users buy in price to show reasoning behind their thoughts, which in this case are entirely wrong.
I remember screaming "everything is ok" when I bought in high and the price tanked shortly after. Then I learned that I knew nothing, and to use price swings to my advantage. So go educate yourself before you claim everything is fine.
"I bought in high and the price tanked shortly after"hmmm..... an element of rage here? I bought in at $40 if you must know! Rage? Lol..No.... I had bought my biggest stash and then we had the hard fork crash and I panicked, so no rage here. That was almost a year ago. |
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bitrider
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February 10, 2014, 11:11:35 AM |
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It is amazing to me that anyone has been using Gox, in the last 9 months. When i hear these complaints and anger I am truly shocked at the victim mentality. Take some responsibility for your choices.
It was clear during last April that those guys were technical jokers (possibly well intentioned). It did not take much knowledge or research to figure that out. Definitely not up to real world challenges of running the largest exchange in the world. Anyone who ignored those signs and stayed deserves any losses and frustration they experience. I cleared out completely as soon as things stabilized last summer and have not looked back. There are plenty of options today and for the last 6 months.
If you still have money in Gox, you blatantly ignored dozens of warning signs to make that decision. Be honest with yourself. It will help your future investment decisions. Or just stay in denial and keep blaming everyone else for your situation. Your choice.
Respectfully. Grow up.
Gox's current collapse has been a long time coming, and was inevitable given the maturing of the broader ecosystem. It will not have any significant impact on bitcoin price (except as a temporary excuse for market movers to extract more cash from easy to scare newbies)
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