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Bit_Happy



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LegendaryActivity: 2002Merit: 1020A Great Time to Start Something! Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:30:05 PM #64 Quote from: aurumxchange on June 19, 2011, 06:19:20 PM ===== PLEASE READ THIS!! =====





I WOULD NOT PUT ANY TRADES ON UNTIL WE HEAR FROM MARK!!! CLEARLY Mtgox has been hacked. What is happening is NOT somebody "dumping" their bitcoins to "cash out". Somebody managed to break into it, and it is playing with the database. We need to wait until Mark (Mtux) has a chance to check this mess.



If you put more orders, it will only mean overloading the system more and more, and more work afterwards to try and weed out good trades from bad trades.



ALSO, PLEASE DO NOT CASH OUT ANY MTGOX USD TO ANYBODY (LIKE BUYING MTGOX USD FOR A MONEY PACK) UNTIL WE HEAR FROM MARK!!



This is an ILLUSION created by a bunch of bots to create panic. DO NOT CONTRIBUTE TO IT!



1) They are clearly "under attack" in terms of accessing the site.

2) No one really knows if the huge order was real, we cannot assume it was fake since they got good prices on the first part of the order.*



*Edit: Obviously something is strange about all of this...



If you are correct, then it could be days before trading resumes. 1) They are clearly "under attack" in terms of accessing the site.2) No one really knows if the huge order was real, we cannot assume it was fake since they got good prices on the first part of the order.**Edit: Obviously something is strange about all of this...If you, then it could be days before trading resumes.

Edward50



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Hero MemberActivity: 602Merit: 500 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:31:06 PM #65 So I take it the only people who were able to buy in this huge selloff, were poeple who actually had bid orders placed before this selloff?



Was anyone able to buy it during the selloff.



I got totally screwed here because I am waiting for my dwolla account to deposit my money from my bank account. I did not know dwolla took that long or I would have had money in mt. gox, and would have bought at less than $1.00 because I watched this whole thing unfold. Empty your mind, be formless, shapeless  like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.

randomguy7



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Hero MemberActivity: 528Merit: 500 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:32:36 PM #67 I think that hackers used a lot of hacked accounts to buy every btc they could get. Before doing this, they got a legit mtgox account and placed buying orders at fkn low prices like usd 0.01. That way they were able to steal the usd from the hacked accounts.

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Sr. MemberActivity: 462Merit: 250 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:34:08 PM #69



if the site was actually useable while it was happening I should have been able to buy up a bunch, but no luck for me I was able to get into the site while it was just over 1 dollar, I entered my bid at 0.8 but it kept giving "another trade in progress... blahhh"if the site was actually useable while it was happening I should have been able to buy up a bunch, but no luck for me

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Full MemberActivity: 126Merit: 101 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:35:41 PM #70 I am fairly sure it was a real order. Some people are reporting getting existing low bids filled. It was one very very large sell order, new orders were not able to be placed until it finished executing.



Edit: On the subject of hacking, I had USD and BTC in my Mt.Gox account and neither was effected. 1DCj8ZwGZXQqQhgv6eUEnWgsxo8BTMj3mT

geek-trader



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Sr. MemberActivity: 294Merit: 250 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:39:35 PM #74



I put a buy order in for $12 before I went to bed last night. Woke up to find it filled, much to my suprise. Now I see I should have made that $1 instead. MtGox is unreachable by me right now. "The connection has timed out"I put a buy order in for $12 before I went to bed last night. Woke up to find it filled, much to my suprise. Now I see I should have made that $1 instead.

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Full MemberActivity: 156Merit: 100 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:41:02 PM

Last edit: June 19, 2011, 07:25:22 PM by Astrohacker #75



Edit: I retract this comment. It was actually a hack. This is good for bitcoin. One person just sold off a bunch of coins, but many, many people just bought bitcoins, some at a great bargain (I saw one buy for 250000 or so coins at $0.01). Thus, the bitcoin net has just gotten wider... there are probably a few people who just got their first coins, and a lot of people just increased their coins. The ownership of bitcoin has just broadened greatly.Edit: I retract this comment. It was actually a hack. http://forum.bitcoin.org/index.php?topic=19551.0

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Full MemberActivity: 140Merit: 100 Re: Huge selloff + Ordering not possible on MtGox June 19, 2011, 06:44:54 PM #77 Quote from: Astrohacker on June 19, 2011, 06:41:02 PM This is good for bitcoin. One person just sold off a bunch of coins, but many, many people just bought bitcoins, some at a great bargain (I saw one buy for 250000 or so coins at $0.01). Thus, the bitcoin net has just gotten wider... there are probably a few people who just got their first coins, and a lot of people just increased their coins. The ownership of bitcoin has just broadened greatly.



If they were not legit trades this is not good. And the fact that the exchange can't handle the volume and is crashed is also not good. I think your perception of good is flawed. Perhaps you're more optimistic than me.....? If they were not legit trades this is not good. And the fact that the exchange can't handle the volume and is crashed is also not good. I think your perception of good is flawed. Perhaps you're more optimistic than me.....?