Silk Road forums

Discussion => Security => Topic started by: monkonarollercoaster on April 10, 2013, 06:20 pm

Title: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: monkonarollercoaster on April 10, 2013, 06:20 pm
I JUST GRABBED A COIN @ ~180 BUT I WILL BE BANKING ON 300+ LATER TONIGHT!  DDOS IS HARDCORE THIS TIME GUYS THE MTGOX EXCHANGE IS ALMOST TOTALLY STALLED!
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: visionenergy on April 10, 2013, 06:24 pm
What is DDOS?  What does that mean?
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: flwrchlds9 on April 10, 2013, 06:30 pm
BUY IN!!
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: monkonarollercoaster on April 10, 2013, 06:41 pm
What is DDOS?  What does that mean?

Buy your coin and then use google!
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: BTC4CASH UK on April 10, 2013, 06:43 pm
Mtgox trading engine lag: 4588.90s
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: chil on April 10, 2013, 06:46 pm
Why should I buy, it's going down by the minute.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: camomug on April 10, 2013, 06:49 pm
Why should I buy, it's going down by the minute.

Its going back up after this drop
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: sharonneedles on April 10, 2013, 07:02 pm
Fuck the hackers. But I think I'll buy in yes
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: xpat on April 10, 2013, 07:03 pm
FUCK ME BACKWARDS I JUST BOUGHT THIS MORNING AT $239, FUCK MY INPATIENT ASS
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Old lady driver on April 10, 2013, 07:39 pm
WOW, thankfully LocalTill had a delay yesterday! Mtgox says btc at $130.00 right now and the 24 hour high was $266.00 and low has been $105.00! When to pull the trigger on this roller coaster?!?!  Good luck everyone!  ;)
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Facebook. on April 10, 2013, 07:45 pm
whats happening.

shall i sell them. or hold them.

Need dome goof tips.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: BTC4CASH UK on April 10, 2013, 07:46 pm
Buy NOW!!
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Facebook. on April 10, 2013, 07:51 pm
Buy NOW!!

:(

the site where i buy them is temporarily down.
I never used mtgox.

:(

how can i deposit money in there.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: lokiju on April 10, 2013, 08:38 pm
I bought yesterday at $211, you have company my friend.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: lucidmatrix on April 10, 2013, 08:41 pm
use BTC-E

mtgox should be boycotted for their poor performance lately. Also BTC-E is anonymous
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: ProudCannabian on April 10, 2013, 09:04 pm
BTC sellers control the price.  When you buy something, here or in RL the price is the dollar value of BTC. So it doesn't matter what you buy at, as long as you don't wait to buy your x dollar item.  Buyers always look for a deal, but will always take the lowest price offered, even if it is just above the average.
Selling is where you see competition - sellers trying to sell just a little less than someone else when they want to cash out, or hold until the average creeps up and their coins are at the bottom edge and get sold anyhow.  So if you have a shitload of coins (like maybe DPR) you can sit on that hoard of cash, at a higher than average sell, and expect to sell coins at that price here and there, or you can manipulate the price and "take what you can get" selling lower than average - and with that many coins bring down the average with you.

My theory is when you see "last price" waaay below the average, it's usually either someone cashing out a lump sum they didn't work for (bitcoin thieves) or someone intentionally fucking with the market (LE or speculators).

If someone with a lot of coins wanted to hurt SR, they could hold them until the price crept up (like right now where a lot of people are suddenly BTC "rich") then drop the price like a stone by selling the horde way below market value, leaving vendors with not much cash to replenish supply.

I think this is why it's very important not to freak out and sell below average unless you absolutely have to. The average was at 200 earlier, and some asshole just cashed out at 160 - desperate or devious?!
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: monkonarollercoaster on April 11, 2013, 01:14 am
BTC sellers control the price.  When you buy something, here or in RL the price is the dollar value of BTC. So it doesn't matter what you buy at, as long as you don't wait to buy your x dollar item.  Buyers always look for a deal, but will always take the lowest price offered, even if it is just above the average.
Selling is where you see competition - sellers trying to sell just a little less than someone else when they want to cash out, or hold until the average creeps up and their coins are at the bottom edge and get sold anyhow.  So if you have a shitload of coins (like maybe DPR) you can sit on that hoard of cash, at a higher than average sell, and expect to sell coins at that price here and there, or you can manipulate the price and "take what you can get" selling lower than average - and with that many coins bring down the average with you.

My theory is when you see "last price" waaay below the average, it's usually either someone cashing out a lump sum they didn't work for (bitcoin thieves) or someone intentionally fucking with the market (LE or speculators).

If someone with a lot of coins wanted to hurt SR, they could hold them until the price crept up (like right now where a lot of people are suddenly BTC "rich") then drop the price like a stone by selling the horde way below market value, leaving vendors with not much cash to replenish supply.

I think this is why it's very important not to freak out and sell below average unless you absolutely have to. The average was at 200 earlier, and some asshole just cashed out at 160 - desperate or devious?!

I tried to cash out above 220 but it fell to just over 160 before I got out then I bought back in plus some for way less.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Toomanydabs1 on April 11, 2013, 03:18 am
Buy Buy Buy!!!! I was a bit worried when I woke up this morning and realized the dramatic price drop... but I have placed 3 small orders for coins over the last few days one at 170, one at 200, and one at 165! .... hoping it goes up above too tonight... I have faith that these hackers are doing it on purpose to make tons of money, im just trying to make a few bucks that will make my small purchases cheaper! Best of luck to everyone right now it is one hell of a rollercoaster... i been watching mtgox all day... anyone know of a GOOD live feed of the current market for BTC? ive googled it and found a few but they kinda suck.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: surmer on April 11, 2013, 01:53 pm
Buy in now, during this low. The 420 bubble is going to cause deflation... when everyone puts money in BTC for their freedom celebrations...

420 is the new 4th of July...  8)
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Icon on April 11, 2013, 06:26 pm
At first people were saying that the sudden down spike was the result of a DDoS attack. The attacks are meant to basically overwhelm the servers with demands.

When more of the smoke had cleared, MtGox said that it was not a DDos attack that caused a big delay with the trading on their servers. They said it was just actual traffic that caused the lag with their servers!

The stated that because of this rally beginning at the end of march they had way more people than expected making MtGox accounts.

They said over the course of a month they will get around 50K people registering accounts. Compare that with 70K new people registering in the past couple days.

I had a strong feeling that this rally would end yesterday. I was watching the ticker and there was a sudden down spike, usually if its 10% or greater I treat that as a "sell signal" why? Because once there is a down spike like that, people who have an auto "stop loss" for their account will automatically sell their coins, so that they don't incur a large hit. I just assume that the people who trade BTC seriously have an auto stop loss. That down spike then triggers a snow ball effect with all the BTC automatically being sold back.

Surprisingly I don't have a MTGox account so I don't actually know if any of the exchanges have a stop loss feature. Do you guys know of any that do? Then I'll sign up with that exchange.  ;D
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: leavesbrown on April 11, 2013, 06:30 pm
Someone was flooding Gox with hundreds and thousands of 0.001 BTC transactions so yes, this was DoS, just not in the usual sense, i.e. LOIC.
Gox fucked up here by allowing bots to trade vast numbers of tiny transactions.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Facebook. on April 11, 2013, 07:12 pm
They are still low.

What is a good tip.
Hold my btc or sell them.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: joolz on April 11, 2013, 09:34 pm
wow

http://preev.com/
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Facebook. on April 11, 2013, 11:15 pm
Im scared :(

what to do
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: joolz on April 12, 2013, 08:56 am
$88 today  ???
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Chaosforpeace on April 12, 2013, 09:02 am
Even if it drops to 20$ a coin I am investing everything. I look at this as long term. Next week it could be 200, next month it could be 200$. Maybe more. To me there is no doubt that this is a great investment.

It's funny seeing all these druggies learn about stocks. Moving together, bettering ourselves as a people and community.   
A few years back I knew a day trader who was very successful, he just loved his meth.

Chaos
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Seeds and Stuff on April 12, 2013, 09:06 am
But we don't know, it could drop to pennies.

 meaning any vendor such as me is absolutely cunted, forced to wait hoping the price will go back up to make any sort of return :s

Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Chaosforpeace on April 12, 2013, 09:21 am
But we don't know, it could drop to pennies.

 meaning any vendor such as me is absolutely cunted, forced to wait hoping the price will go back up to make any sort of return :s
If that happens I'm going to repaint my wall brain color.

Chaos
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Seeds and Stuff on April 12, 2013, 10:42 am
But we don't know, it could drop to pennies.

 meaning any vendor such as me is absolutely cunted, forced to wait hoping the price will go back up to make any sort of return :s
If that happens I'm going to repaint my wall brain color.

Chaos

if that happens, i wont have a wall to paint haha
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: sharonneedles on April 12, 2013, 10:52 am
But we don't know, it could drop to pennies.

 meaning any vendor such as me is absolutely cunted, forced to wait hoping the price will go back up to make any sort of return :s

Hedge your orders so you don't make a loss with your sales at least.
Title: Re: DDOS IS ON @ MTGOX BUY YOUR BTC!!!
Post by: Seeds and Stuff on April 12, 2013, 11:19 am
But we don't know, it could drop to pennies.

 meaning any vendor such as me is absolutely cunted, forced to wait hoping the price will go back up to make any sort of return :s

Hedge your orders so you don't make a loss with your sales at least.

I do, but what difference will it make? I sell say a gram of weed @ 0.09 btc, then 3 day later the same gram is now worth 0.22 btc I still loose. I think of having a big all or nothing sale. get rid of all stock and see what happens