Breaking news, Mt. Gox is completely down!

[TERA]

Die gox die. Gox really needs to die. When gox is finally dead it will symbolize a new era when the market has moved away from centralized manipulated prices and into something more stable and usable from a merchant and user perpective, supported by actual supply, demand, and liquidity.

[1714656459]

1714656459

[tarzen]

Mt.Gox is online and operational.

I think there are some trolls taking advantage of the negative mood to try and generate panic selling. Not that it will work because Gox is no longer the only exchange and their volume is lower than most of the other exchanges by now - so in a way Gox matters if you have money there but if they vanish like a noodle, the price of BTC couldn't care...

Rumours of insolvency are also stupid - anyone who understands the exchange business model can tell you that - they make silly amounts of money by just existing - imagine with all the sell transactions happening in the past week - they can probably fund a small country with last week's profits alone!

The actual technical issues at Gox are described here by Bitcoin Dev, Greg Maxwell:

http://www.cryptocoinsnews.com/2014/02/08/mt-gox-transaction-woes/


So Gox is having real issues that can be seen in the blockchain and have been acknowledged by core developers. The present dilemma is a slow shutdown to sort out an accounting mess - that's what the article implies anyway. However, the fact that Gox has terrible customer service and does not communicate quickly and transparently is a big shame. Unacceptable, and I hope their customers give them a thorough spanking for being bad, bad, bad!

[Phinnaeus Gage]

Not sure if everyone is aware, but Mt. Gox is now completely down.  I wonder if they've made it to the bahamas yet...


http://thedailycrypto.com/bitcoin/mt-gox-is-completely-down/

There was someone reporting this actually that Mark Karples was seen in the Bahamas 

Yes here is the evidence

At least label which one is Mark for the Newbies.

[Phinnaeus Gage]

Die gox die. Gox really needs to die. When gox is finally dead it will symbolize a new era when the market has moved away from centralized manipulated prices and into something more stable and usable from a merchant and user perpective, supported by actual supply, demand, and liquidity.

[7Priest7]

According to isitdownrightnow.com mtgox has been down for about a hour.

Could just be technical issues.
Anyhow FIAT exchanges are lame, nothing but day trader market manipulation.
All FIAT exchanges can leave.

[daynnite]

work fine with WWW

[DubFX]

Works fine for me too..

[superduh]

everyone likes to blame gox

gox has many problems

keep in mind extra problems added by governments, banks, hackers, retards
 combine them all together.... what else you expect?
gox is more or lessa legit, problems are a pain in the ass

too much fud lately, gox has many battles to overcome

[igorr]

Countdown is begun,

Tokio/Japan GMT, 23:45
Peking/China  GMT, 22:45

[alfabitcoin]

Need www to work.

[gollum]

LOL BTC@MtGox is 10% cheaper than BTC-E.

Hollywood should make a movie about MtGox in a couple of years.. something like this

[underhood]

Gox blames it on general Bitcoin protocol security bug!
https://www.mtgox.com/press_release_20140210.html
https://bitcointalk.org/index.php?topic=458076.0

[gollum]

Gox blames it on general Bitcoin protocol security bug!
https://www.mtgox.com/press_release_20140210.html
https://bitcointalk.org/index.php?topic=458076.0

The price went down immediately after this bad news! under 600$ at mtgox...

[murmur]

I just don't get why they still allow trading. I mean... This makes no sense - just fuels the panic

[wordofmouth]

I just don't get why they still allow trading. I mean... This makes no sense - just fuels the panic

i think the opposite would bring more fud and thus far more panic, not adding the fact that disabling trading could be reproached to them more than letting it as is.

W0rd0fM0uth

[severance26]

they arent down but once btcjpy got to around 55000, things got pretty quirky. i went into buy mode to no avail, none of my market or limit orders went through. they just fubared.

i left a market order up. it was to buy at 53377. it just went though twenty minutes later.... 59913. lulz.

[igorr]

LOL, the price on BTC-e 102 usd 

Check,
View Screen Captu

[guybrushthreepwood]

I just don't get why they still allow trading. I mean... This makes no sense - just fuels the panic

i think the opposite would bring more fud and thus far more panic, not adding the fact that disabling trading could be reproached to them more than letting it as is.

W0rd0fM0uth

I'm not so sure. Gox is just operating pretty poorly. It cannot be sustained as it's currently doing.

[stompix]

Not sure if everyone is aware, but Mt. Gox is now completely down.  I wonder if they've made it to the bahamas yet...


http://thedailycrypto.com/bitcoin/mt-gox-is-completely-down/

There was someone reporting this actually that Mark Karples was seen in the Bahamas 

Yes here is the evidence

Which is Mark and which is Karples?

[stompix]

I just don't get why they still allow trading. I mean... This makes no sense - just fuels the panic

i think the opposite would bring more fud and thus far more panic, not adding the fact that disabling trading could be reproached to them more than letting it as is.

W0rd0fM0uth

I think they are mostly trying to turn this situation into their favor by manipulating the market.
After all , they were the cause for it , so they could benefit the most from this "known" crash.