MtGox in trouble
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So it looks like MtGox are in a bit of bother.
http://www.coindesk.com/mt-gox-halts-bitcoin-withdrawals-price-drop/
Price has dropped.
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I can’t believe they’re still going.
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[quote name=“chrisj” post=“57703” timestamp=“1391764696”]
I can’t believe they’re still going.
[/quote]Would it be a good or bad thing if they were to collapse?
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[quote name=“futureproof” post=“57705” timestamp=“1391764769”]
[quote author=chrisj link=topic=7477.msg57703#msg57703 date=1391764696]
I can’t believe they’re still going.
[/quote]Would it be a good or bad thing if they were to collapse?
[/quote]Depends how they collapse. If it is following an investigation from the feds that would be very bad. If it’s just due to their incompetence that would be good in the longer run.
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Positive side of this is everything, that exchange really sucked and now precious volatility is back!
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[quote name=“mirrax” post=“57707” timestamp=“1391764964”]
Positive side of this is everything, that exchange really sucked and now precious volatility is back!
[/quote]YES! Pump and dump time LOL… ;D
while the bears and bulls are fighting it out, I am profiting a couple of percent every 10 minutes,
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This is a good article from someone that went to visit them.
http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/
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Time to make some quick cash.
P&D ;D
Price is slowly creeping back up.
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[quote name=“pauldodd” post=“57725” timestamp=“1391770996”]
This is a good article from someone that went to visit them.http://www.reddit.com/r/Bitcoin/comments/1x9gue/my_protest_at_mtgox_offices_5_to_7th_february/
[/quote]That’s a very interesting read. I feel sorry for him.
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Press Release:
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So basically MtGox is blaming Bitcoin for their withdrawal problems.
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I thought people were also having trouble getting $'s outta the system too :?
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[quote name=“Ruthie” post=“58179” timestamp=“1392031022”]
I thought people were also having trouble getting $'s outta the system too :?
[/quote]Yea seemingly that’s a separate problem.
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A good article on technical aspects of the issues:
http://blog.oleganza.com/post/76213549017/mtgox-and-malleable-transactions -
Lol… I just caught 40 BTC at $300 USD each on BTCe.
The bot went berserk, and it tries hard to clear off as many BTC as it can on a huge sell-off. ( I assume its MT4, the sell off volume triggered some sort of ‘bankrupt’ signal.)
HFT used for the stock market doesn’t always work for Bitcoin ;D because the stock market does sort of cap the loss at max 10% daily.Lowest point today: 102 USD
Volume: ~20,000 BTC at that minute[img]http://imageshack.com/a/img30/8907/6nm8.jpg[/img]
Effectively doubled my holdings :P thank you! MTGox.
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[quote name=“eaxvac” post=“58192” timestamp=“1392038096”]
Lol… I just caught 40 BTC at $300 USD each on BTCe.
The bot went berserk, and it tries hard to clear off as many BTC as it can on a huge sell-off. ( I assume its MT4, the sell off volume triggered some sort of ‘bankrupt’ signal.)
FYI: HFT used for the stock market doesn’t always work for Bitcoin ;D because the stock market does sort of cap the loss at max 10% daily.Lowest point today: 102 USD
Volume: ~20,000 BTC at that minute[img]http://imageshack.com/a/img30/8907/6nm8.jpg[/img]
Effectively doubled my holdings :P thank you! MTGox.
[/quote]holy fuck I missed this! :o
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How long did it take to get back up from $102 ?
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Sat there watching but was not logged in :/ so didn’t quite see the drop so slow.
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[quote name=“futureproof” post=“58201” timestamp=“1392040187”]
How long did it take to get back up from $102 ?
[/quote]I think it went straight back up I was watching but wasn’t logged in so it didn’t refresh as quick as when you are logged in. (thats just a thought).
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[quote name=“futureproof” post=“58201” timestamp=“1392040187”]
How long did it take to get back up from $102 ?
[/quote]It just kept flashing 100, 200, 400 for around 10 seconds until the BTC bag is fully sold. Back to 620 instantly.
Prove one thing for sure, no whale can ever dump to profit. They can only pump to attract greedy bustards into dump.