A lot of asks vanished | Bitcointalksearch.org

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: Nagle on August 15, 2011, 02:04:08 AM

Did somebody finally figure out a way to get cash into Mt. Gox on weekends?

Since you're a smart guy, but didn't get this, I'll help you out a bit:

The answer is an astounding yes. The method is simple. It's the Yakuza that's wheelbarring the Yen into mtGox offices,
and to add the obvious punch line in true Charlie Sheen style; DOH!

ruski

full member

Activity: 350

Merit: 100

Buy the rumour, sell the news..

On the other hand, positive attention goes a long way with BTC. Add to that the price per coin is practically meaningless for trade as long as its pegged to USD, and youre left with - a rally of new interest! The sole fundamentals BTC have are the price miners are willing to take, and the price-volume hoarders/earlybirds can take advantage of. A low volume rally is best for miners, high volume for hoarders.

So what we need is more, gradual interest and adoption. News rallies cannot last.

julz

legendary

Activity: 1092

Merit: 1001

Quote from: Edward50 on August 15, 2011, 07:03:47 PM

Does anyone know if you need the money on mt. gox to place bid order quantity? Like if someone placed a 10K bid at 10, would he need all that money on hand at mt gox to place it?

Yes.. you need the money on hand for it to show up in the bid list.
mtgox lets you place an order without the covering funds - but these orders don't become active/visible until the covering funds materialize from a sale or deposit.

Serge

legendary

Activity: 1050

Merit: 1000

Quote from: Edward50 on August 15, 2011, 07:03:47 PM

Does anyone know if you need the money on mt. gox to place bid order quantity? Like if someone placed a 10K bid at 10, would he need all that money on hand at mt gox to place it?

if you have tinfoil hat on, then you don't need all that money to place such an order

Edward50

hero member

Activity: 602

Merit: 500

Does anyone know if you need the money on mt. gox to place bid order quantity? Like if someone placed a 10K bid at 10, would he need all that money on hand at mt gox to place it?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Then again, if we're all holding until after the conference, we might see a crash right afterward as we all try to sell. Tongue

Catch 22...

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote

I'm holding on to my current batch of mined coins until sometime after the conference. With several major news publications sending staff there, I imagine Bitcoin getting some good press (for once) and maybe a decent rally.

+1

SgtSpike

legendary

Activity: 1400

Merit: 1005

I'm holding on to my current batch of mined coins until sometime after the conference. With several major news publications sending staff there, I imagine Bitcoin getting some good press (for once) and maybe a decent rally.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Hmmm so the big boys had to go out for a meal and the rally took a pause. Tut, tut, tut what's going to happen when they come back?

Me thinks they're gonna say yummy cheapo coins particularly with the conference and decent technical analysis backing this Grin

But then again I could be wrong Huh

Serge

legendary

Activity: 1050

Merit: 1000

Quote from: Nagle on August 15, 2011, 11:52:58 AM

Don't leave sizable cash in the "exchanges" for longer than you have to. They're all too flaky to use as banks. It's still not clear that Mt. Gox has enough cash to pay off all their accounts. Without an outside audit...

talk about US national debt and other domestic deficits

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: evoorhees on August 15, 2011, 09:00:05 AM

Quote from: piramida on August 15, 2011, 08:40:49 AM

Nagle, can I suggest an idea that not all cash sits in bids? Some people set bids when they actually do want to buy. That may happen to be a weekend, if the trend change is becoming apparent.

+1 I almost never leave standing bids. My cash sits at the exchange until I want to buy, then I buy. I imagine many people never hold standing bids and thus the true bid depth on both buy and sell side is very tenuous.

Don't leave sizable cash in the "exchanges" for longer than you have to. They're all too flaky to use as banks. It's still not clear that Mt. Gox has enough cash to pay off all their accounts. Without an outside audit...

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: piramida on August 15, 2011, 08:40:49 AM

Nagle, can I suggest an idea that not all cash sits in bids? Some people set bids when they actually do want to buy. That may happen to be a weekend, if the trend change is becoming apparent.

+1 I almost never leave standing bids. My cash sits at the exchange until I want to buy, then I buy. I imagine many people never hold standing bids and thus the true bid depth on both buy and sell side is very tenuous.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Nagle, can I suggest an idea that not all cash sits in bids? Some people set bids when they actually do want to buy. That may happen to be a weekend, if the trend change is becoming apparent.

Nagle

legendary

Activity: 1204

Merit: 1002

This weekend, unusually, somebody put in more money. The buy-side trade depth is way up to 60,000 BTC, or about US$600,000. Did somebody finally figure out a way to get cash into Mt. Gox on weekends? Previously, we've seen the buy side slowly run down over the weekend as the cash runs out.

indio007

full member

Activity: 224

Merit: 100

I seriously think people are bidding on stale prices. If you hit go to the trade page and it takes you a few seconds to decide what you want to do , the price gets stale. That's why I think you have all these instantaneous reversals.

Serge

legendary

Activity: 1050

Merit: 1000

it's been like that few days. btw, we don't see complete picture at any given time, there could be and probably is a whole bunch of asks above 12.77

rikur

full member

Activity: 216

Merit: 100

Looking at Mt.Gox. And just bought all in.

rikur

full member

Activity: 216

Merit: 100

Unless it's a trap, the price should go up. No?

Topic: A lot of asks vanished (Read 2226 times)