Wall Observer - MtGoxUSD wall movement tracker

[louisBSAS]

GOX HAS SPOKEN

MtGox.com ‏@MtGox 48s
@binarybits @dksdan can confirm we are eating ddos right now, and for some reason Prolexic didn't block it

This has been totally fucking obvious for over 8 hours. Way to communicate clearly.

Exactly, these fools have left an entire market, full of people who are worried about their money, CLUELESS for 8 hours. Disgusting communication and customer service. It's like their are scared telling the truth about the DDOS attack will scare people or something. OR perhaps they don't even give a shit about talking to their customers to reassure them and it never even crossed their minds.

I'm printing t-shirts:

GOX SUCKS COX!

Who wants one?

+1

All coins successfully withdrawn and spread to other exchanges - Yes

signing out of MtGox for the last time.

[thoughtfan]

Thanks guys - and I have cross posted this too to here https://bitcointalk.org/index.php?topic=166512.msg1736319 . Unfortunately it looks like LBC only do highlights as a free podcast with full programmes available only to paying subscribers.

I'm guessing this won't be the last time the host, Anthony Davies, will be bringing this up.  I got the impression he really wanted to understand more!  Even just his  use of bringing a knowledgeable caller in to assist when he couldn't answer a caller's question was so unlike chat show hosts who just want to make their lack of understanding heard!  He did well.

[DougTanner]

Hm... big ask wall at $128

Edit: And removed.

[ineededausername]

Please be advised that we are heading for another bear-trap, this is very normal in crash recoveries.  

[thoughtfan]

BTW, did anyone else notice yesterday's volume obliterated the previous $12m usd mtgox vol to a whopping $19,519,658.71.

Unfortunately it's not something we can really celebrate properly due to the ridiculous circumstances by which it came about.  We will never know whether it would have been more or less had people been able to trade the whole time and had not been forced to trade blind most of the day!

[Vandroiy]

I panic bought some silver rounds.

I wish I could do that too. But, here, there's a sort of VAT on silver. So it's effectively suppressed as a means of exchange.

[yeemartin]

dumping again!!

[ineededausername]

shake shake shake

wow, look at all those weak hands falling off...

[The-Real-Link]

I'll just leave this here.  Picked a hell of a day to do it on!

http://www.youtube.com/watch?v=gG53ATWPJ_Q

But yeah, the whole time I'm thinking why are you being stupid and selling x coins at $120 when you could've easily sold higher.  Or, oh no, price is now $115, I'm going to sell NOW!  Probably will blame it on Gox lag.  Oh well, for those who were prepared, "cheap" coins for them.

[DougTanner]

This is so stupid, why do they keep dumping? The price is obviously going back up.

[TheJuice]

This is so stupid, why do they keep dumping? The price is obviously going back up.

Could be the same person that then buys; taking money from the panic sellers.

[ManBearPig]

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

[humanitee]

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.

[ManBearPig]

Someone is massively profiting from these swings. Whether it's MtGox's flaky servers or DDOS or whatever. This isn't the behaviour of a grown-up currency.

I have no doubts in the sentiments of buyers right now but this kind of volatility is getting me worried.

Pretty normal for Bitcoin.

As volume increases I get the feeling Mt Gox just cannot handle this. Could be make or break for Bitcoin in the short-term.

[Nemesis]

This is so stupid, why do they keep dumping? The price is obviously going back up.

The only thing thats stupid is trying to make sense of someone else's trade.

[ineededausername]

There does seem to be more selling pressure than usual (comparison below)... seems like someone/a lot of people just keep dumping.





edit: no embedding?

[David M]

The only thing thats stupid is trying to make sense of someone else's trade.

Well said.

A million opinions = price.

[solex]

Caller 2 was me who tried to keep talking to get as much in as I could first explaining physical bitcoins was what he was talking about was just one minor means of storing bitcoins, other options being wallets on pcs, on smartphones, on a printed piece of paper and as a brain wallet which could be carried anywhere in the world.  Also (although I don't recollect using any full stops!)  ...

I heard you! Listened to the LBC online feed and your points were well said. Lots of useful info for listeners except from the idiot going on about a roast-beef sandwich :-)

[mccorvic]

There does seem to be more selling pressure than usual (comparison below)... seems like someone/a lot of people just keep dumping.

I think it's more that the depth hasn't had a chance to build up a lot yet.  Someone sells 1 btc and the price drops a buck and it feel huge.  It may actually be a sign that people are taking their BTC ot other exchanges (finally).  It'll get there, don't worry.

[ManBearPig]

I think I'm done with Mt Gox. This isn't good enough. I'm all for Bitcoin and am long-term bullish but I can't handle that lag.