The lag at Mt.Gox is unacceptable, although i think it saves us from a total fire sale.
I just dont see how they can lag. The volume of orders could be done faster if it were written by hand in a ledger by a single person who then copied it all online to a spreadsheet. Even then it wouldn't be lag.
Ok guys, I have $25k. So somebody's got to be willing to SELL me some bitcoins @100, right?
If not, this only proves to me about the tape-painting capabilities of the PTB, and underlines the importance of developing the things in the conference: dealer network, supernode and real bills.
You know my number. I'll go to have some snails and chardonnay.
Btw, this is the last day when we see $95 EVER, you can quote me on that.
I'll sell you $25K @105/
BTC1 minute lag, and almost no trades
thats mtlag for you.
why use a pen and paper when you have a start of the art price matching engine that works by counting apples and oranges pushed around by hamsters, that apparently are unionized.
The fact that Mt.Gox keeps lagging up to 50 seconds just by a single person doing fake mini trades is sort of hilarious in a very very sad way. Big investors must question themselves why they trust that website with anything...I can actually understand the dropping prices with all the shitty news these past 4 days.
which is why seeing coinlab sue such a trainwreck of an exchange is so laughable.
Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
I just don't see the price dropping below $100 ever again. Unlike 2011, there are deep-pocketed investors now backstopping the currency, and they have millions riding on bitcoin businesses. If there's a crash, bitcoin would be oversold, and these investors have access to the millions of USD needed to buy up low-priced coins.
I think this already happened once: the morning mini-crash on May 3rd was apparently stopped when a single user, likely waking up at ~8 AM PST, bought up all the coins from $84 to $98, and the price has never dropped below $90 since then. And perhaps not coincidentally, the Winkelvii live in California, as do most of the silicon valley VCs.
With the recent increased interest by the investing class -- the only players that can actually affect the price now -- I think that by first week in June, the exchange rate will pop over $130, and then to $150 by the end of June. The exchange rate might touch $110, as it did on the Gox/Dwolla news, but I doubt it. </falsifiable prediction>
That's just it, if one whale pulls out, crash. One comes in rally. There's no depth.