Wall Observer - MtGoxUSD wall movement tracker

[ManBearPig]

$100 seems to be being defended with market orders, nothing much to be gained following the bid/ask walls right now. Who knows how much money this guy has to burn.

Points to thread name.

Just, you know, trying to keep us on track

[ElectricMucus]

looks familiar?

[chrsjrcj]

MtGox is closing for 8 days? 


Though, on second thought, that's not entirely a bad thing.

[ElectricMucus]

MtGox is closing for 8 days? 


Though, on second thought, that's not entirely a bad thing.

Well in retrospect is makes the "hack" story shine in a whole new light.

[molecular]

Perhaps what we need instead of exchanges that accept fiat (which is the big problem), have crypto-dollars (and other currencies). Similar to Bitcoin, these would be redeemable directly for dollars on a 1-1 basis (like Gox vouchers possibly?) . These would allow exchanges to be set-up without having to worry about having to process fiat and allow some decent competition between the exchanges.

you might want to look into ripple.

[elux]

[fingerpaint]

DUMP!!!

[GreekGeek]

sell sell sell
I want my coins back!

[ManBearPig]

I guess that's what a small sell-off likes look with sub-second lag.

Panic! Oh wait.

[molecular]

thanks for these updates.

can someone explain why the bid sum went down drastically quite a while before the drop with price being stable and even rising?

[ElectricMucus]

can someone explain why the bid sum went down drastically quite a while before the drop with price being stable and even rising?

Nagle wasn't here yet. 

[GreekGeek]

MtGox is closing for 8 days? 


Though, on second thought, that's not entirely a bad thing.

Well in retrospect is makes the "hack" story shine in a whole new light.

where did you hear that?

[ElectricMucus]

MtGox is closing for 8 days? 


Though, on second thought, that's not entirely a bad thing.

Well in retrospect is makes the "hack" story shine in a whole new light.

where did you hear that?

I came up with it myself. But it isn't that hard to follow imo.
Wild speculative, but still possible.

[elux]

can someone explain why the bid sum went down drastically quite a while before the drop with price being stable and even rising?

MtGox allowed cancelling active orders, but no placement of new orders during the 12hr "market cooldown".

Great idea! (Ten points for trying, minus several million for good thinking.)

Predictably, buyers scrambled to cancel their bids, while sellers mostly stayed put.

[dani]

whats going on right now? All for a sudden we lost ~$8 and it looks like we go a little DEEPER...

92.90 @gox

[just1nmc]

whats going on right now? All for a sudden we lost ~$8 and it looks like we go a little DEEPER...

92.90 @gox

Nothing new, just some selling. Can't really expect it to just sit at $100 forever without someone making a move.

[Kazu]

Quickly reposting this here, figured somebody might want it.

[silvermario]

looks familiar?

pretty close

[rpietila]

can someone explain why the bid sum went down drastically quite a while before the drop with price being stable and even rising?

MtGox allowed cancelling active orders, but no placement of new orders during the 12hr "market cooldown".

Oh. What any exchange anywhere in the real world would have done, would be along these lines:
- Close trading for at least 24 hours to enable notification to all account holders
- Erase all existing orders
- Allow placement of new orders
- Execute an "opening", where all the bids and asks are matched against each other, and the market cleared with one price (and probably huge volume as all market orders and a good number of limit bids and asks would be instantly executed). Only after this the open trading would commence.

It is sad that they seem to have no experience whatsoever concerning the basics on how to run an exchange.

[Come-from-Beyond]

It is sad that they seem to have no experience whatsoever concerning the basics on how to run an exchange.

They do, for about 3 years, don't they?