Crash is inevitable on MtGox (soon) - page 2.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: ?? on ??

Prices at Gox are artificially high due to fiat withdrawal problems, and prices on Bitstamp are artificially low due to many people withdrawing fiat for them.

wat.

Prices on Bitstamp are correct since they have no problems neither with deposits nor with withdraws on either currency.

Saying that they are artificially low just because mt.gox's one are artificially high doesn't make sense.

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: qwk on October 12, 2013, 09:56:46 AM

Quote from: Birdy on October 12, 2013, 06:41:45 AM

yes, it will crash all the way down to Bitstamps level

Actually, it might crash a little further.
When they solve the withdrawal issue, we'll all be used to see that 10-USD-difference between Gox an Bitstamp as "given".
So, once Gox' price goes down, so will Bitstamp's.
That could lead into a nice little flash-crash.
But yeah, eventually it will level out and be done with it.

Yes, there are people who will speculate and will try to sell and buy more, so it probably would go down a little further, but level out soon enough.
I just wanted to say that I think the word "crash" is an exaggeration for this, if you remember Bitcoins past.

qwk

donator

Activity: 3542

Merit: 3413

Shitcoin Minimalist

Quote from: Birdy on October 12, 2013, 06:41:45 AM

yes, it will crash all the way down to Bitstamps level

Actually, it might crash a little further.
When they solve the withdrawal issue, we'll all be used to see that 10-USD-difference between Gox an Bitstamp as "given".
So, once Gox' price goes down, so will Bitstamp's.
That could lead into a nice little flash-crash.
But yeah, eventually it will level out and be done with it.

cowandtea

sr. member

Activity: 434

Merit: 250

Well, its just temporary crash. After awhile they should be back to the price of Bitcoin..

Tzupy

legendary

Activity: 2170

Merit: 1094

A price drop can happen soon, but IMO it won't have anything to do with Gox fully resuming withdrawals (which may take months from now).

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Exchange is not so much about reality than it is about human psychology. Doesn't matter how much people really need withdrawals. And withdrawal problems solved news on falling price is the trigger. Think about that.

Birdy

sr. member

Activity: 364

Merit: 250

yes, it will crash all the way down to Bitstamps level Roll Eyes

alp

full member

Activity: 284

Merit: 101

Quote from: MoreFun on October 12, 2013, 06:36:24 AM

When Gox will solve their withdrawal problems the insiders will start selling, then Gox will sell quite a chunk of their holding (price will fall quite much) and release the news about solving their withdrawal process. Then the crash is inevitable (not flash crash and flash rise like the SR one).

Maybe we will see a small rally before so insiders and Gox will get even more profit.

Anyone with Bitcoins can withdrawal Bitcoins and sell on another exchange. It's the people who are stuck with cash on Gox that are the ones waiting to get out. If anything, they move cash to a cheaper exchange, and buy there.

No one has coins stuck at Gox.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

When Gox will solve their withdrawal problems the insiders will start selling, then Gox will sell quite a chunk of their holding (price will fall quite much) and release the news about solving their withdrawal process. Then the crash is inevitable (not flash crash and flash rise like the SR one).

Maybe we will see a small rally before so insiders and Gox will get even more profit.

Topic: Crash is inevitable on MtGox (soon) - page 2. (Read 3777 times)