Quote from: TraderTimm on June 24, 2011, 05:24:21 PM

Quote from: RchGrav on June 24, 2011, 04:28:21 PM

Quote from: TraderTimm on June 24, 2011, 03:53:16 PM

I'm just glad the decision has already been made.

Keep thinking this thread will change anything, though. It's been amusing to read. I can't wait for the whole Mt. Gox opening to be over, so you people can go back to the usual 'important' tasks at hand, such as proclaiming how many BTC you've "lost".

Honestly, the whole forum has been a dog's breakfast ever since the hysteria took over.

And what is that decision?

(errata snipped)

All relevant information can be found here:

https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback

As of this posting, there are six instances of "order" on the page you linked. Here is the first one from Mark:

Quote from: Mark Karpeles

Users may place orders to buy or sell, but they will be queued until we enable trading, which will most likely be a couple of hours after users are able to login to Mt.Gox.

Unfortunately, this does not answer the question, "Will limit orders that existed before the massive sell-off be restored or cancelled?"

The other 5 instances of the word "order" come in the comments section from users who seem to be just as unclear about the answer to the question. TraderTimm, thanks for providing the link, but I don't see any information on that page that clearly spells out what will happen to the order book when Mt Gox re-opens before trading resumes.

At best, I can infer that the order book will be restored by this statement:

Quote from: Mark Karpeles

The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).

In order for the bitcoin to return the exchanged rate of ~17.5, he would have to restore the bid and ask orders (or at least the ones near that price). At least, that's my interpretation.

You seem really confident that a decision has been made and clearly communicated. I wish I was as confident!

AbeSkray

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