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shad0wbitz
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April 11, 2013, 02:39:08 PM |
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i think it's great they halted trading, only happens to be about 36hrs too late. MtGox.com @MtGox 12m @awad_ziad Hello, We are upgrading our database. Trading will resume afterwards. http://bit.ly/YoCqON i very much doubt it but i pray that they might actually improve something, but we can only hope EXACTLY! Mark Karpeles is useless... I have been saying this for months now. He will drive MtGox to the ground, and BTC with it. NOW people are going to even panic more when trading resumes!! HE IS SUCH AN IDIOT. This should have been done 36 hours ago... sigh... HE SHOULD BE SUED. |
GOX SUX COX!The true faces of the Bitcoinica / Intersango SCAM! - Bitcoin was born in the shad0ws, for the shad0ws.
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Jaques
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Activity: 112
Merit: 10
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April 11, 2013, 02:42:15 PM |
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trading goes on at the other exchanges ...
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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April 11, 2013, 02:42:49 PM |
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i think it's great they halted trading, only happens to be about 36hrs too late. MtGox.com @MtGox 12m @awad_ziad Hello, We are upgrading our database. Trading will resume afterwards. http://bit.ly/YoCqON i very much doubt it but i pray that they might actually improve something, but we can only hope 36 hours for upgrades? They really haven't planned this stuff out? i believe its 12 hrs. It will be back 11pm EST today 10 PM EST, if they're actually coming back at 0200 UTC |
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shad0wbitz
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April 11, 2013, 02:44:27 PM |
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i mean they should have done this yesterday when the mess kicked off. Halting it now when they said they had a ddos attack 4 hours ago is just incompetent again. But hopefully they are going to improve something now.
This will only drive the price FURTHER DOWN when the fucking trading resumes... Mark, you are an idiot.... |
GOX SUX COX!The true faces of the Bitcoinica / Intersango SCAM! - Bitcoin was born in the shad0ws, for the shad0ws.
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shad0wbitz
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April 11, 2013, 02:47:44 PM |
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trading goes on at the other exchanges ...
Right ... so all it really takes is for one of this opportunists to flood Bitstamp with bitcoins, sell them all while GOX is offline driving the price down to $20, and BOOM! You have massive panic when GOX opens.
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GOX SUX COX!The true faces of the Bitcoinica / Intersango SCAM! - Bitcoin was born in the shad0ws, for the shad0ws.
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 11, 2013, 02:48:39 PM |
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i mean they should have done this yesterday when the mess kicked off. Halting it now when they said they had a ddos attack 4 hours ago is just incompetent again. But hopefully they are going to improve something now.
This will only drive the price FURTHER DOWN when the fucking trading resumes... Mark, you are an idiot.... If the break was for nothing more than the amount of time it takes to reduce/remove the lag, I don't think it would be a problem. But 12 hours it huge. They may just be upgrading their systems as they announced last night. But the 'cooldown' message conflicts with that. |
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The-Real-Link
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April 11, 2013, 02:49:38 PM |
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Was about to post the Twitter update but I see many already sent it out on the forums.
Well, too late to stop the volatility but let's hope once they resume that the engine copes better.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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Jaques
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Activity: 112
Merit: 10
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April 11, 2013, 02:50:40 PM |
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btc china still at 1000 cny - 160 usd
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samson
Legendary
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Activity: 2097
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April 11, 2013, 02:51:04 PM |
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BS, i can push this price right back above 160 and they suspend orders?
Come on!
LOL, you left it too long. |
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aurora
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April 11, 2013, 02:52:54 PM |
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trading goes on at the other exchanges ...
Right ... so all it really takes is for one of this opportunists to flood Bitstamp with bitcoins, sell them all while GOX is offline driving the price down to $20, and BOOM! You have massive panic when GOX opens.
hmm , you're saying i can buy coins for $20 in couple of hours at bistamp? |
Dym.gameDouble your money. Use Martingale/anti strategies. 1 to 1 odds
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BitcoinBA
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April 11, 2013, 02:53:09 PM |
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Can we identify people DDOSing MtGox and kick their ass?
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colour
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April 11, 2013, 02:54:21 PM |
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i mean they should have done this yesterday when the mess kicked off. Halting it now when they said they had a ddos attack 4 hours ago is just incompetent again. But hopefully they are going to improve something now.
This will only drive the price FURTHER DOWN when the fucking trading resumes... Mark, you are an idiot.... It seems like a catch-22 to me. The lag was already starting to pile up again, and the price accelerated towards 100$. So i guess no matter what they do, they take the risk of inducing another big drop. I wonder what the guys from MTGOX were doing during the last 20 hours? Were they asleep? Were they sitting there waiting for the problem to fix itself? And why did they only now decide to take action? Puzzling... |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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April 11, 2013, 02:54:56 PM |
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Guys: WTF "market cooldown" means?
They are not saying: "system maintenance", or "server upgrade"...
They say market cooldown?
MtGox: market clowndown!
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jojo69
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diamond-handed zealot
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April 11, 2013, 02:55:44 PM |
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Gentlemen,
posting in this thread is suspended until 02:00 zulu when "movement" will resume
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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John Self
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April 11, 2013, 02:58:04 PM |
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Whilst trading on gox is suspended, you are still able to transfer your bitcoins to other sites like https://btc-e.com/ (which has been up during this whole crisis) to buy and sell. I would do it sooner rather than later, the price is plummeting. |
14GXJ3Q16PJNNF6v4iyxhvuhacuhvckMym
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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April 11, 2013, 02:59:13 PM |
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i mean they should have done this yesterday when the mess kicked off. Halting it now when they said they had a ddos attack 4 hours ago is just incompetent again. But hopefully they are going to improve something now.
This will only drive the price FURTHER DOWN when the fucking trading resumes... Mark, you are an idiot.... It seems like a catch-22 to me. The lag was already starting to pile up again, and the price accelerated towards 100$. So i guess no matter what they do, they take the risk of inducing another big drop. I wonder what the guys from MTGOX were doing during the last 20 hours? Were they asleep? Were they sitting there waiting for the problem to fix itself? And why did they only now decide to take action? Puzzling... Because they were making more money in fees than ever before. People really, really should stop using MtGox. |
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herzmeister
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April 11, 2013, 03:01:10 PM |
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Fascinating how the LTC price is "pegged" to BTC after all. Who'd have thunk...
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rpietila
Donator
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Activity: 1722
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April 11, 2013, 03:01:34 PM |
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Last time I checked, the network was up. Blocks were being generated at about 6 per hour.
Yesterday during the crash, I withdrew BTC2000 from Mt.Gox in about 2 minutes. Everything worked perfectly. (Do not assume this was my funds as I do have a lot corporate accounts also.)
My business currently generates about 0.15% return on capital daily. Annualized, that is a mind-boggling 72%. As I keep all my funds in silver and bitcoins, the value appreciation comes on top of that. Very seldom can I generate such a return, my average over 10+ years is 15%.
I can still both buy and sell bitcoins for cash, and not long time ago I made a 26% spread on two €1000+ OTC transactions in 1 hour.
Silvervault opened bitcoin accounts for all its customers. Today's price was 40% lower than yesterday, giving a rather low-risk entry point for 800 investors currently 100,000 ounces long in silver. Silvervault can trade your physical silver for bitcoin for a click of a mouse in 190 countries.
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I think this has been a great week.
I may as well have a weekend effective immediately. If BTCitcoin price somewhere goes to $1 over the weekend so that I can actually buy it (could care less about exchanges that lag or do not allow trading), I will be the first to buy for my entire business income.
If every day I increase my bitcoin holdings by 0.15%, it will take less than 20 years for me to own all the bitcoins.
Sounds like a plan.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Jaques
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April 11, 2013, 03:03:58 PM |
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Whilst trading on gox is suspended, you are still able to transfer your bitcoins to other sites like https://btc-e.com/ (which has been up during this whole crisis) to buy and sell. I would do it sooner rather than later, the price is plummeting. worst place to sell, 74 atm ... and very low bids, one could tank it there close to 0 I reckon ... |
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Rampion
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April 11, 2013, 03:09:35 PM |
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