Even though they are under a ddos attack right now, the price is starting to climb again, albeit slowly... $300 profit right now from when we bought earlier :)

I heard that another trading house had them at around $69, and I believe mt.gox hasnt officially resumed trading.

http://bitcoinity.org/markets

Look at the 24 hour graph, it tells the whole story.

If MT GOX opens on time (which is about an hour and half from now) I wouldn't be surprised if completely plummets to the 20-40 range.

this is gonna be really interesting what happens when mtgox comes back online, kinda make or break for them in a way, its going to flush out a lot of week players from the market thats for sure.

MTGOX opens for trading again in about 48 minutes, you can still buy/sell at other places like BTC-E though currently and they appear to be filling buy/sell orders relatively quickly :)

I'm pretty hesitant on the whole thing still but I'm tempted to wire in a few thousand dollars and buy in if there is a further drop. It would take 1-2 days to process though so meh.

thanks for the headsup!

interesting when Forbes writes about bitcoin (sorry if the link was posted in one of the other 100 bitcoin threads already)

http://www.forbes.com/sites/louiswoo...ot-real-money/

You are (inadvertently?) misrepresenting forbes as an organization by selecting a single negatively spun article from a contributors blog.

There are many positive and negative articles from forbes contributors. Here's an example of a positive forbes article about stability for some balance

http://www.forbes.com/sites/timothyl...ation-problem/

It will be interesting to see if there is a "run on the bank" if all people with real money accounts try to cash out. A lot of people just leave the cash in their accounts. If they get scared they may hit the withdrawal button.

We could have a Full Tllt Poker/Epassporte on our hands with Mt Gox

thanks for that link, i'm actually shocked he ended that with

i mean where does he come up with that?


here's one

http://pragcap.com/is-bitcoin-money

my mistake

11 minutes to see where this heads...

ok heres my take, lets see if its right or close

opening mtgox will get a hell of a lot of sell orders bringing the price down to 50-80 and then a ressurgence of buying will bring it back around 150 and thats where it will sit for a bit.

tick tock said the clock. 6 minutes til retirement :)

Gonna laugh if there is an anticlimactic freeze of the trading engine or it just never starts at all.

well there is def going to be a huge amount of lag with all the rushes for buy and sell orders

Mtgox trading engine lag: 203.25s

Yup...

I set my alarm...
I was sleeping peacefully...

And now it's chaos...

I'm not even gonna bother selling or buying...

It's useless.

Fuck them and their shitty ass servers.

Mtgox trading engine lag: 379.96s

Absolutely worthless.

yeh ditry F its a shame that its the exchanges that might make bitcoin fail.

what does it mean when bitstamp shows $62 while mtgox shows $72 ?

So this 12 hour stop, what was it good for exactly?

Uhm let's see. A price drop of 50 and a laggy engine just as before the stop.

Wel done Gox. Smart move.

sounds too easy to make money...

Got a link to the webpage?

Yup, no bubble, no anything of what the haters are crying about.

Simply a trading engine caused a drop of 200 dollars in total.
Who would've thought.

mtgox is down

502 Bad Gateway

go home mtgox, your drunk.

502 Bad Gateway
nginx/1.3.11

Fucking idiots.

They're making 100k a day or something. They could hire the best of the best in the world when it comes to servers and then this..

Reminds me off ccbill :D

:1orglaugh:1orglaugh:1orglaugh

Yeah, this will probably be the end..

People, like me, are gonna give up soon.

They are simply killing Bitcoin. For 2 days now.
How much more patience and trust will people have?

nows the time to be greedy when others are fearful

What's the problem?

-Warren Buffet

Mtgox trading engine lag: 537.52s

This is ridiculous.

There is no way it will go up again like this.
I can't believe that a fucking trading engine is the cause of this all.
What an anti climax.

buckle up, the weekend selloff starts here

this game sucks

haha yeh, amazing he doesnt use a computer and still a type writer, i guess the fundamentles of making money are the same throughout time.