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wonkytonky
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April 11, 2013, 07:34:59 PM |
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i saw some little trades come up on gox ..
0.03 9 minutes ago 124.90
mtgox 0.11 9 minutes ago 124.80
mtgox 0.20 9 minutes ago 124.00
mtgox 40.87 9 minutes ago 123.40
:-) it's UP hehe
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Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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NamelessOne
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April 11, 2013, 07:35:45 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all  +1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up. They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox. |
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Adrian-x
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April 11, 2013, 07:36:53 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
Mt. Gox. is crashing the other exchanges, 6 weeks from now when the 200,000 new users do their analysis they will see the price never dropped @ Mt. Gox therefore it is the most stable exchange. 2 years from now people in the 10,000 post will be arguing whether or not the crash was actually a crash. *Edit* They are selling all the new coins they got from the lag yesterday. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 11, 2013, 07:37:05 PM |
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i saw some little trades come up on gox ..
0.03 9 minutes ago 124.90
mtgox 0.11 9 minutes ago 124.80
mtgox 0.20 9 minutes ago 124.00
mtgox 40.87 9 minutes ago 123.40
:-) it's UP hehe
the must be doing some testing. |
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adamstgBit (OP)
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Activity: 1904
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Trusted Bitcoiner
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April 11, 2013, 07:38:55 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all +1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up. They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox. its gr8! its raining coins everywhere now, buy them out on the cheap and then when mtgox reopens watch what limited supply and high demand does to price |
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NamelessOne
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April 11, 2013, 07:42:18 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth. It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now. |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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April 11, 2013, 07:43:57 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth. It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now. The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional? |
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Odalv
Legendary
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Activity: 1400
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April 11, 2013, 07:48:50 PM |
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A lot of premature bears is selling now. (opportunity)
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 11, 2013, 07:51:51 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth. It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now. The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional? Gox has 80% of the trading at least on the exchanges. Gox essentially runs bitcoin at the moment. The world associates bitcoin and mtgox as nearly the same thing, all the media currently points to Mt.Gox when discussing Bitcoin. At this exact moment, bitcoin is a more free market then usual since the exchanges are all operating blindly without Gox leading as it always does. When you are off not using the exchanges (because it is optional) try to remember that your BTC gains or loses value almost entirely based on Mt.Gox with all of its bugs, lag, panicing baffoons and 100K of fearful newbs that just rushed into the market. That might change, but it hasn't yet. Gox currently chains the 'freedom.' |
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molecular
Donator
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Activity: 2772
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April 11, 2013, 07:55:04 PM |
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Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15. Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins. Then the buyers see that orders go through, and raise the price to $150, which will become a new floor. After 2 weeks the crash is forgotten except that some made a killing and some made a lot of dough. As they say, you can't know if the trade was profitable until you squander all the proceeds. Go to sleep, molecular. See you in 5 hours!  it's more like in 6 hours from now thanks for your soothing words. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
Donator
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Activity: 2772
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April 11, 2013, 07:57:20 PM |
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Nice arbitrage opportunities right now... Buy on BitStamp at less than 70 dollars, sell on bitcoin.de for over 80 euros.
why do you think bitcoin.de is higher than the others? You need not wait for a SEPA transfer with bitcoin.de but can buy, then transfer. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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DougTanner
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April 11, 2013, 07:58:11 PM |
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Big buy! (relatively speaking)  |
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Odalv
Legendary
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Activity: 1400
Merit: 1000
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April 11, 2013, 07:58:49 PM |
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GOX tries to regulate FREE MARKET. ... impossible ... will pay tax(loses customers). If somebody wish to sell $0.01/btc why not ?
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DougTanner
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April 11, 2013, 08:01:07 PM |
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GOX tries to regulate FREE MARKET. ... impossible ... will pay tax(loses customers). If somebody wish to sell $0.01/btc why not ?
Gox literally strangles baby eagles to death and burns the 'MURICAN flag when they impose rules on their private exchange. |
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stereotype
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Activity: 1554
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April 11, 2013, 08:03:50 PM |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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April 11, 2013, 08:05:24 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth. It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now. The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional? Gox has 80% of the trading at least on the exchanges. Gox essentially runs bitcoin at the moment. The world associates bitcoin and mtgox as nearly the same thing, all the media currently points to Mt.Gox when discussing Bitcoin. At this exact moment, bitcoin is a more free market then usual since the exchanges are all operating blindly without Gox leading as it always does. When you are off not using the exchanges (because it is optional) try to remember that your BTC gains or loses value almost entirely based on Mt.Gox with all of its bugs, lag, panicing baffoons and 100K of fearful newbs that just rushed into the market. That might change, but it hasn't yet. Gox currently chains the 'freedom.' I think you're mixing up value and price. These are two different things. Price is only relevant with respect to short term liquidity. My Bitcoins don't gain or lose value based on what an exchange does or doesn't do. The price on an exchange (a relatively long-term average) is a nice proxy to measure the actual value. That is all it is. Oh, and who cares about the media? I like reading all the retarded posts and chuckling. Patience young grasshopper  |
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MikeH
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April 11, 2013, 08:08:33 PM |
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Check the lag pattern on MtGox, I had this polling every 10 seconds.
High: 203.000 Low: 110.200 Volume: 201731 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 10 secs
High: 203.000 Low: 110.200 Volume: 201731 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 9 secs
High: 203.000 Low: 110.200 Volume: 201727 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 9 secs
High: 203.000 Low: 110.200 Volume: 201725 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 8 secs
High: 203.000 Low: 110.200 Volume: 201669 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 7 secs
High: 203.000 Low: 110.200 Volume: 201596 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 7 secs
High: 203.000 Low: 110.200 Volume: 201366 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 5 secs
High: 203.000 Low: 110.200 Volume: 201358 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 4 secs
High: 203.000 Low: 110.200 Volume: 201352 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 4 secs
High: 203.000 Low: 110.200 Volume: 201350 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 3 secs
High: 203.000 Low: 110.200 Volume: 201348 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 2 secs
High: 203.000 Low: 110.200 Volume: 201338 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 2 secs
High: 203.000 Low: 110.200 Volume: 201333 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 1 secs
High: 203.000 Low: 110.200 Volume: 201256 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 1 secs
High: 203.000 Low: 110.200 Volume: 201238 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 201237 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 201237 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 10 secs
High: 203.000 Low: 110.200 Volume: 201233 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 8 secs
High: 203.000 Low: 110.200 Volume: 200933 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 8 secs
High: 203.000 Low: 110.200 Volume: 200930 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 8 secs
High: 203.000 Low: 110.200 Volume: 200920 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 7 secs
High: 203.000 Low: 110.200 Volume: 200915 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 7 secs
High: 203.000 Low: 110.200 Volume: 200808 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 5 secs
High: 203.000 Low: 110.200 Volume: 200808 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 4 secs
High: 203.000 Low: 110.200 Volume: 200805 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 4 secs
High: 203.000 Low: 110.200 Volume: 200802 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 3 secs
High: 203.000 Low: 110.200 Volume: 200799 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 3 secs
High: 203.000 Low: 110.200 Volume: 200758 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 3 secs
High: 203.000 Low: 110.200 Volume: 200755 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 2 secs
High: 203.000 Low: 110.200 Volume: 200737 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 2 secs
High: 203.000 Low: 110.200 Volume: 200702 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 1 secs
High: 203.000 Low: 110.200 Volume: 200662 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 1 secs
High: 203.000 Low: 110.200 Volume: 200356 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 1 secs
High: 203.000 Low: 110.200 Volume: 200348 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 199866 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 199637 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 199634 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 199634 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 0 secs
High: 203.000 Low: 110.200 Volume: 199615 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 10 secs
High: 203.000 Low: 110.200 Volume: 199574 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 9 secs
High: 203.000 Low: 110.200 Volume: 199522 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 8 secs
High: 203.000 Low: 110.200 Volume: 199376 Buy: 118.950 Sell: 124.900 Last: 124.900 Change: 0.00 Lag: 7 secs
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scarce
Newbie
Offline
Activity: 29
Merit: 0
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April 11, 2013, 08:09:58 PM |
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So maybe that's what Vladimir was speaking about. Can't decide whether it'll be good or bad news for bitcoin though. |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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April 11, 2013, 08:13:52 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth. It's hardly a free market. It is supposed to be but Gox problems create some serious issues that essentially act like chains bounding us all. The lag multiples any fear on the market 100 fold. It flew up to over 1 hour yesterday for a reason. People were scared, couldn't sell at a certain price, price point wasn't hit, set it lower, and then lower, and then lower, trading completely blind. That is idiotic market, not free market. Hopefully Gox will have this fixed now. The market is totally free. Do you understand the use of an exchange (including Mt. Gox) is optional? Gox has 80% of the trading at least on the exchanges. Gox essentially runs bitcoin at the moment. The world associates bitcoin and mtgox as nearly the same thing, all the media currently points to Mt.Gox when discussing Bitcoin. At this exact moment, bitcoin is a more free market then usual since the exchanges are all operating blindly without Gox leading as it always does. When you are off not using the exchanges (because it is optional) try to remember that your BTC gains or loses value almost entirely based on Mt.Gox with all of its bugs, lag, panicing baffoons and 100K of fearful newbs that just rushed into the market. That might change, but it hasn't yet. Gox currently chains the 'freedom.' I think you're mixing up value and price. These are two different things. Price is only relevant with respect to short term liquidity. My Bitcoins don't gain or lose value based on what an exchange does or doesn't do. The price on an exchange (a relatively long-term average) is a nice proxy to measure the actual value. That is all it is. Oh, and who cares about the media? I like reading all the retarded posts and chuckling. Patience young grasshopper Once this market gets a bit more distributed I'll be happier calling it a full on free market. While true there are no rules, the problems (that can be fixed) get in the way. Unfortunately the media are what inform the world, and at the moment just funnel money straight into Gox's pockets further compounding the issue I have. Time will change all this though so yes, haha patience is good. |
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