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foo
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April 04, 2013, 01:15:23 AM |
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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? Bitcoincharts seems to have disabled direct links to their images... Probably trying to get the site to not die under load. |
I know this because Tyler knows this.
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herzmeister
Legendary
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Activity: 1764
Merit: 1007
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April 04, 2013, 01:17:48 AM |
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I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.
PHP can do ANYTHING! |
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louisBSAS
Member
Offline
Activity: 623
Merit: 11
Proof-of-Stake Blockchain Network
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April 04, 2013, 01:19:42 AM |
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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. Mtgox is not the only exchange. I left - voice your opinion of them and pull your money like I did. |
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ManBearPig
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April 04, 2013, 01:26:12 AM |
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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. Mtgox is not the only exchange. I left - voice your opinion of them and pull your money like I did. Doing just that. Which exchange(s) do you use? |
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 04, 2013, 01:39:05 AM |
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I am just hoping Gox is scaling up their hardware & software to handle the incoming load. The worst possible thing to happen right now would be for their platform to crash. It happened to Myspace, Facebook and many other sites from early rapid adoption. Anyone know what their back end is written in? Hopefully it is C++ or Java and not PHP.
PHP can do ANYTHING!I love PHP, I use it every day. But I would never use it for a world class trading platform. |
- aka The "DigiMan"
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kylelgk
Newbie
Offline
Activity: 29
Merit: 0
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April 04, 2013, 01:48:53 AM |
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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. Mtgox is not the only exchange. I left - voice your opinion of them and pull your money like I did. Doing just that. Which exchange(s) do you use? I use BTC-E |
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josiahgarber
Member
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Activity: 82
Merit: 10
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April 04, 2013, 01:57:51 AM |
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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.
This isn't a grown up currency. It's just the beginning if Bitcoin is to be successful. I think in the long run the chances are pretty good. |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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April 04, 2013, 01:58:55 AM |
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I use CaVirtex, but no limit order yet.. Look to the news, faqs, I think there is something about it ! |
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oakpacific
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April 04, 2013, 02:01:08 AM |
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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.
1. Bitcoin exchanges have no daily limits, unlike that of many other financial instruments. 2. By percentage variation, this volatility is significantly smaller then when it was at the 2011-12 bottom. |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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April 04, 2013, 02:02:32 AM |
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Mt.Gox is embarassing. It's not like they haven't had time to fix this issue. I can't understand that someone with 80% of BTC trade, with that responsibility, is so nonchalant about this. Are they stupid?
Not stupid, but millionnaire since few years and do not care about customer ! Gox could close tonight, the owner will still be multi millionnaire.. |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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April 04, 2013, 02:07:46 AM |
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Conspiracy sweets: "Prolexic's clients include more than 10 of the world's largest banks, global enterprises, and government agencies."
hmm, maybe something here ! /tinfoilhat |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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April 04, 2013, 02:14:56 AM |
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Could we crowdfund an exchange?
A crowdfunded, nonprofit Bitcoin exchange. Ultra low fees. Or something.
this idea needs more love. Indeed.. pretty sure it would be crowdfunded extremely fast ! |
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 04, 2013, 02:20:22 AM |
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Could we crowdfund an exchange?
A crowdfunded, nonprofit Bitcoin exchange. Ultra low fees. Or something.
this idea needs more love. Indeed.. pretty sure it would be crowdfunded extremely fast ! Has anyone started at BTC crowd funding like site? Shit that's a good idea! |
- aka The "DigiMan"
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oakpacific
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April 04, 2013, 02:25:05 AM |
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Could we crowdfund an exchange?
A crowdfunded, nonprofit Bitcoin exchange. Ultra low fees. Or something.
this idea needs more love. Indeed.. pretty sure it would be crowdfunded extremely fast ! Has anyone started at BTC crowd funding like site? Shit that's a good idea! It's by no means so simple, if you want to operate as a money transmitter in pretty much any country, you need to do some really serious legal heavy-lifting, in fact, that's partly the reason why Gox is in a leading position, they do very well on this front. And almost anyone who wants to go through all this will want to make some serious money, not just enough money to feed his family. |
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DoomDumas
Legendary
Offline
Activity: 1002
Merit: 1000
Bitcoin
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April 04, 2013, 02:26:33 AM |
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Well, this has to go down as one of the most exciting/frustrating/scary/intense/emotionally draining days ever.
If you brush aside the goxxing, today was a typical bear trap and not very abnormal at all  Indeed, I felt peacefull today, as I've move out of Gox more than a year ago  |
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oakpacific
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April 04, 2013, 02:36:40 AM |
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Bears are selling with style! |
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 04, 2013, 02:39:20 AM |
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Bears are selling with style! Here in a couple hours we will start the evening rally when new funds are unleashed to waiting bulls! And henceforth these bears will continue to have a pair of horns rammed up their ever so hairy assholes! |
- aka The "DigiMan"
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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April 04, 2013, 02:39:46 AM |
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I'll just leave this here. Picked a hell of a day to do it on! http://www.youtube.com/watch?v=gG53ATWPJ_QBut 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. Hahaha, that scene with Bob from 'Fight Club'! I just love the pics that the bitcoinity guy choses  . |
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oakpacific
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April 04, 2013, 02:42:46 AM |
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Bears are selling with style! Here in a couple hours we will start the evening rally when new funds are unleashed to waiting bulls! And henceforth these bears will continue to have a pair of horns rammed up their ever so hairy assholes! I think some bears need to get dragged kicking and screaming into the era of expensive coins. |
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ineededausername
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April 04, 2013, 02:47:16 AM |
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Bears are selling with style! Here in a couple hours we will start the evening rally when new funds are unleashed to waiting bulls! And henceforth these bears will continue to have a pair of horns rammed up their ever so hairy assholes! I think some bears need to get dragged kicking and screaming into the era of expensive coins. expensive? They look cheap to me |
(BFL)^2 < 0
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