countdown to 02:00 Zulu, goxdump or no? - page 2.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

Quote from: zoolander on April 11, 2013, 05:30:53 PM

I pissed at the timing. It will be 1am here - some of us have to sleep/work tomorrow.

I get the feeling I'll have missed the sell off or rally by the time I get up. Angry

Can you not go to bed now and wake up for 5 minutes as the exchange opens?
Or take some good ol' fashion caffeine.

zoolander

member

Activity: 75

Merit: 10

I pissed at the timing. It will be 1am here - some of us have to sleep/work tomorrow.

I get the feeling I'll have missed the sell off or rally by the time I get up. Angry

moni3z

hero member

Activity: 899

Merit: 1002

The real sell off begins when gox reopens, that is if their shit trading engine can handle all the trades

chriswen

hero member

Activity: 756

Merit: 500

Lol, probably be another bull trap after Gox opens.

DrG

legendary

Activity: 2086

Merit: 1035

Don't know what it will do but it should be around $50 based on electrical costs and difficulty. I'll wait until next month.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

How vast do you think the lag and jump will be as soon as it opens? Tongue

jojo69

legendary

Activity: 3192

Merit: 4373

diamond-handed zealot

T minus 6 hours and counting

consensus price in the mid 60s

old_engineer

sr. member

Activity: 387

Merit: 250

Market dropped to $105 yesterday, and those that wanted to sell have probably sold already.

Last night PST on the Gox order book, there was a 35k btc bidwall at $75 flashed. Someone smart has a few million in fiat available, and I seriously doubt the price drops below $50.

As we've seen over the years, stable price = increasing market acceptance = increasing value. As soon as the floor is established, lots of players that are standing on the sidelines will all want to get in the game, and the price will zoom up again. Rinse, repeat.

deathcode

copper member

Activity: 1428

Merit: 253

Eloncoin.org - Mars, here we come!

Mt.Gox drives the price of BTC. The other exchanges are just lost lamb without Gox guiding them.
I think A LOT of people are looking to buy, especially ALL those people that sold at $150-$250 and they are looking to get back in the game!
The money is NOT out of the system, the money remains in Gox for the most part!
I think we:ll see $150 pretty soon.
I think $150 for a while is a great number to be at.

zarl

member

Activity: 70

Merit: 10

how many hours to gox open.
Im confused about it ?

Rampion

legendary

Activity: 1148

Merit: 1018

Hey guys, stop dreaming, there won't be a stable price on the other exchanges until Gox comes back: price will keep going down until trade is reopened at Gox because it's very difficult to quickly pour in significant amounts of fiat in an exchange, and most of fiat sits at Gox, while its very easy to move coins from Gox to other exchanges.

I'd say that we will se $40/$45 before Gox opens.

EuroTrash

hero member

Activity: 728

Merit: 500

how about this:

People might be selling at other exchanges right now because they all expect a sharp knife to happen. So they need fiat to get a chance to buy more coins close to the bottom.

You know how it ends when too many people expect something to happen? Grin

whisper

sr. member

Activity: 267

Merit: 250

Learn to go against your mind

Many coins will change their owner for sure, but the winner will be known after some years. Believe it!

Herodes

hero member

Activity: 868

Merit: 1000

I think there will be a sell off, because too many are fearfull!

flyhouse

newbie

Activity: 59

Merit: 0

I personally think it will settle at around $35/BTC. FUNDAMENTALS as you speculators call it Cheesy

Who's using BTC at the moment to buy anything? How many noobs are gonna quit BTC after they wanted to make a quick buck, and all of a sudden there was no happy ending?

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: jojo69 on April 11, 2013, 01:24:35 PM

On the one hand a tumultuous rush for the exit seems inevitable

It's my contention that anyone desperate to sell has already sold by transferring their BTC to an exchange that's still in operation.

Whereas, buying depends on already having fiat in non-Gox exchanges.

seldon

sr. member

Activity: 353

Merit: 250

Quote from: wopwop on April 11, 2013, 02:29:49 PM

Quote from: seldon on April 11, 2013, 02:28:30 PM

I think a lot of panic sell already happened at the other exchanges - look at the timelines, most got a huge drop and very high volume in the hour after gox closed.
The fiat however is still there.. I don't think it will go below 100.

damn right

I can sense you are professional

I'd wish - would have sold some at 200+ as instinct told me (was overruled by greed

)

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: seldon on April 11, 2013, 02:28:30 PM

I think a lot of panic sell already happened at the other exchanges - look at the timelines, most got a huge drop and very high volume in the hour after gox closed.
The fiat however is still there.. I don't think it will go below 100.

damn right

I can sense you are professional

seldon

sr. member

Activity: 353

Merit: 250

I think a lot of panic sell already happened at the other exchanges - look at the timelines, most got a huge drop and very high volume in the hour after gox closed.
The fiat however is still there.. I don't think it will go below 100.

Wuji

newbie

Activity: 56

Merit: 0

Quote from: EuroTrash on April 11, 2013, 02:20:28 PM

Quote from: wopwop on April 11, 2013, 02:02:14 PM

everyone will be buying because everyone thinks everyone is selling

I'd say:

1. quick selloff to whatever value the other exchanges will have stabilized at (consensus seems to be around 85$)
2. panic to below 50$
3. multiple price swings till a new equilibrium is found (likely to be not much below pre-Gox-reopen consensus)

If you're good at calling highs and lows, you'll profit from the swings.
Only a few hours to go.
Be ready for a hell of a ride.

Also Gox taking no fees for 48 hours means you'll be tempted to leave the fiat there at least during that time.

I agree. Last night I thought $50 was a value but, after today I think we will be under $50 tomorrow if Mt. Gox can stay online.

Topic: countdown to 02:00 Zulu, goxdump or no? - page 2. (Read 3542 times)