The Bitcoin Tracking Thread

[Horn]

It only lost half it's value if you bought at the peak. If you bought when Gonzo started his thread about bitcoin trading in tandem with silver spot, you're still ahead 5 to 6 times what you bought in for.

Ahead in Fiat only, to be more exact.

It ain't a birth pang, if it was it'd be a still birth.

My opinion is it shows severe structural integrity faultas.

[vacuum]

It's impressive the price has held when most of the exchanges were knocked offline today.

http://s2.bitcoinity.org/markets/

[Ares]

It's impressive the price has held when most of the exchanges were knocked offline today.

http://s2.bitcoinity.org/markets/

I bought in the 120's so I'm happy. I left some play coins in the account to work on some day trading.

[vacuum]

The picture is starting to come into focus. Just yesterday, Mt Gox made this announcement:

TOKYO - JAPAN - April 09, 2013 Orders will only be accepted when there are enough funds available in your wallet! Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface. Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list. Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value. While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance. Regards
Mt.Gox Co. Ltd Team.
Mt.Gox Contact press@mtgox.com

So it was a clear signal for those wanting to DDoS them and buy at a lower price to do so asap.

[Shami-Amourae]

I recommend you guys don't trade on Mt Gox. Most of the other exchanges follow what Mt Gox does, so when the price dropped at Mt Gox today, there was a delay at BTC-e, and you had enough time to execute trades before others notice and followed suit.

[Jewboo]

Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet...

http://www.yeomansmarketing.co.uk/wp...-Telephone.jpg

[vacuum]

They're saying that there was in fact no DDoS:

TOKYO - JAPAN - April 11, 2013 Hi everyone, just a quick update on the situation and what happened last night. First of all we would like to reassure you but no we were not last night victim of a DDoS but instead victim of our own success! Indeed the rather astonishing amount of new account opened in the last few days added to the existing one plus the number of trade made a huge impact on the overall system that started to lag. As expected in such situation people started to panic, started to sell Bitcoin in mass (Panic Sale) resulting in an increase of trade that ultimately froze the trade engine! To give you an idea of how impressive things were here are some numbers that we would love to share with you guys: - The number of trades executed tripled in the last 24hrs. - The number of new account opened went from 60k for March alone to 75k new account created for the first few days of April! We now have roughly 20,000 new accounts created each day. Due to these facts we have been busy working on improving things since last week and our team has been working around the clock to improve Mt.Gox to catch up with the demand. We will continue to release several updates today and in the coming few days to improve our system overall performance. Also please note that we may have to close the exchange for two hours in the next 12 to 24hrs to add several new servers to our system. Thank you for your understanding and continuous support! Regards
Mt.Gox Co. Ltd Team.
Mt.Gox Contact press@mtgox.com

https://mtgox.com/press_release_20130411.html

[Shami-Amourae]

I remember that days when it was just MagicalTux running the operation. Damn how things have changed.

Notice how many people in the comments are talking about Litecoin. I'm telling you guys, get into that stuff now while you still can. It could go up like Bitcoin did in the coming future. Mine it every chance you're not using your computer too!

[Horn]

They're saying that there was in fact no DDoS:


https://mtgox.com/press_release_20130411.html

Seems like there's still an element of trust going on here.

These guys? Hmmm I'm not so sure about them.

Isn't he basically saying we owe you your money back?

[vacuum]

back down to $120