Analysis of halting trading | Bitcointalksearch.org

bb000

newbie

Activity: 29

Merit: 0

Quote from: MAbtc on April 11, 2013, 03:53:27 PM

Quote from: bb000 on April 11, 2013, 03:46:22 PM

Quote from: TheJuice on April 11, 2013, 02:27:17 PM

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

Care to explain why?

Just speculating. There has been a large inflow of fiat money in recent weeks from new users purchasing coins from others who may not necessarily withdraw their funds right away. If that flow suddenly reverses did they keep these funds ready for withdrawals?

bb000

newbie

Activity: 29

Merit: 0

Quote from: MAbtc on April 11, 2013, 03:53:27 PM

Quote from: bb000 on April 11, 2013, 03:46:22 PM

Quote from: TheJuice on April 11, 2013, 02:27:17 PM

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

Care to explain why?

Unless MtGox were good at capital management they could have been under pressure from people withdrawing large quantities of fiat at the same time. They must have had huge inflows of cash over the last few weeks, but were they ready when that flow suddenly reversed?

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: bb000 on April 11, 2013, 03:46:22 PM

Quote from: TheJuice on April 11, 2013, 02:27:17 PM

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

Care to explain why?

bb000

newbie

Activity: 29

Merit: 0

Quote from: TheJuice on April 11, 2013, 02:27:17 PM

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

revans

sr. member

Activity: 336

Merit: 250

Quote from: TheJuice on April 11, 2013, 02:27:17 PM

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Touch 105 or so then hard up to 140.

thoughts?

TJ

The overriding one is that you're a drooling idiot caught up in bitcoin fever.

Ask yourself this one question...

' Had bitcoin been soaring today would MtGox have suspended trading'?

The answer to that question explains their motivation for doing so, and reveals the reality that to all intents and purposes bitcoin has a central bank, it is a currency manipulator, and it's just been caught with its pants down.

SuperHakka

full member

Activity: 196

Merit: 100

Quote from: TheJuice on April 11, 2013, 02:27:17 PM

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Touch 105 or so then hard up to 140.

thoughts?

TJ

No, supply is only one side of the equation, you forgot it takes demand to make a market price. if peopels is scared and they not putting on many good bids, the price will still head down. fewer coins just means the volumes will be down on the exchange.

gizmoh

legendary

Activity: 1428

Merit: 1000

My mistake, hyenas do ressemble as bulls Tongue

Hyena

legendary

Activity: 2114

Merit: 1015

who mentioned me? Although I have an account in gox I've never used it and never will. I buried my paper wallets 3 months ago and won't sell any time soon.

gizmoh

legendary

Activity: 1428

Merit: 1000

Remember big players who got in cheaply will still look at gox for unhoarding their stash..The Bears,wolfs, hyenas are all lined up!!

TheJuice

hero member

Activity: 843

Merit: 608

This is a fascinating development. Heres my analysis:

1) People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why? Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Touch 105 or so then hard up to 140.

thoughts?

TJ

Topic: Analysis of halting trading (Read 873 times)