Topic: Are we seeing true capitulation on gox? - page 2. (Read 1724 times)
The trading on mtgox has nothing to do with the trends of bitcoin or "capitulation". It is purely driven by mtgox's death and lawyers that have advised their clients to liquidate all btc into usd at any price.
Magical thinking.
Markets have a way of fooling even the most saviest of investors and traders. Prices on gox have declined 93% to double digits and btc-e even traded down over 90% to 102.
IMO the bear market is can be considered complete in terms of price but maybe not in terms of time. However, bear markets tend to move faster than bull markets so this bear only lasting 3 months would not be out of the question.
I could be wrong but I have a feeling gox will reinstate (limited)withdrawals sometime over the next few weeks and those goxBTC will magically turn into regular BTC.
Thoughts?
IMO the bear market is can be considered complete in terms of price but maybe not in terms of time. However, bear markets tend to move faster than bull markets so this bear only lasting 3 months would not be out of the question.
I could be wrong but I have a feeling gox will reinstate (limited)withdrawals sometime over the next few weeks and those goxBTC will magically turn into regular BTC.
Thoughts?
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