Re: Trading paused?

Quote from: Nagle on July 05, 2011, 09:28:16 PM

Just before Mt. Gox went down, their market depth looked like this (at 1413).

http://www.downside.com/image/misc/accumulated_orderbook2011--7-05-1413.png.

That matches the order book - almost no bids. Yet the price was going up to 14 at that point, which is backwards.

Did their incoming payment system break down, or what?

This is either incompetence or manipulation.

So someone was gaming the price.. cheap fees make that quite feasable, for a little while anyway.

Not sure why it justifies mtgox shutting down trading.. if they're going to do that every time anything they don't like happens they might as well rename themselves the fed and set the price manually.