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Author Topic: Mountain of Gox volcano exploded...  (Read 1345 times)
zhalox (OP)
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July 21, 2012, 05:28:42 AM
Last edit: July 21, 2012, 05:43:48 AM by zhalox
 #1

My Mt. Gox websockets feed (via ClarkMoody) is showing a looping sort of scenario of ~500,000 bitcoins bought, with a spike to $9.30+.  Also, I am unable to cancel any of my existing orders, and whenever I try to place an order, it says "Pending."  I think the Mountain of Gox volcano might have exploded...   Shocked  Huh

BTCbitcoin buying explosionBTC


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July 21, 2012, 05:44:21 AM
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wasn't it the similiar scenario a couple of weeks ago when gox engine stoped matching because of a detected error and was staying for 8 hours?

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July 21, 2012, 05:53:03 AM
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I do remember the trading outage that took place almost a month ago on June 23.  I think this trading outage is because of something else though.  For reference, here is the announcement from the June 23rd outage on the Mt. Gox support website: https://support.mtgox.com/entries/21616122-resolved-outage-30254-trading-unavailalable

Quote
*Resolved* [OUTAGE-30254 ] Trading Unavailalable

Mt.Gox Support
posted this on Jun 23 21:00
Hello Mt.Gox Users,


At approximately 23:00JST on June 23, 2012, trading became unavailable due to an invalid trade order which was not checked correctly by the Add Order API. The trading system however, detected this and halted itself to wait for further  instructions,  resulting in this outage.  
 
Trading is now back to normal.  We apologize for the inconvenience our users have suffered because of this outage and would like to thank you for your patience through this issue. If you have any further questions regarding this matter, please do not hesitate to contact Mt.Gox Support.

Mt.Gox Team

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July 21, 2012, 08:52:16 AM
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My Mt. Gox websockets feed (via ClarkMoody) is showing a looping sort of scenario of ~500,000 bitcoins bought, with a spike to $9.30+.

These numbers don't match. I haven't seen 500k BTC for sale for quite a while. Maybe you mean 50k?

It's late afternoon in Tokyo, I wonder why nobody is giving a statement about this!
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July 21, 2012, 08:58:26 AM
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It's late afternoon in Tokyo, I wonder why nobody is giving a statement about this!

It's Saturday evening in Tokyo and Mt Gox doesn't work weekends.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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July 21, 2012, 09:24:30 AM
 #6

The websocket feed was looping, but I believe that the initial buy order was for 27,100+ bitcoins ($240,000+ USD), and then more buy orders came after that, with a total volume of 500,000 according to my websocket feed.  Here is a video from another individual showing the initial block buy:

http://youtu.be/tpG8Z-k2koE

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July 21, 2012, 10:04:28 AM
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Mtgox is giving data again.

Volume was slightly above 40k, some sites have started updating with trades just now.
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July 21, 2012, 05:20:05 PM
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uh, any complaints about the mtGox 'glitching engine' ??

How dare you!!!  Angry
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