Exchange staff says they will dump ''soon'' (move to ''speculation'')

_Miracle

hero member

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Do due diligence

Quote from: bitcoinlitcoinbtcltc on January 26, 2014, 11:46:56 PM

Posted in wrong forum, move to ''speculation'' please!

I read this yesterday:

''I am sure no one reads this as all the delusional bitcoin fanatics downvote anything negative. But in case you do, and in case you share the same 'opinion' as I do, here is a little tip from an 'insider': as I am close to an exchange, a huge dump is planned in the near future. The exchange will go temporarily offline (like many times before) in order to fulfill the sell-orders successfully. There is a special reason why I am writing this, but I will not disclose it, as it might harm me.''

I can't find the comment anymore but it was posted somewhere in a bitcoin related thread on Reddit.

I think it is true, with all the negative news coming from China.

I think it is a good idea for you to get out. If these types of things are going to cause you anxiety then you should move your money somewhere safer because the currency portion of bitcoin is going to be a wild ride; for some time.

I don't think I trust Mt.Gox anyways, I'm still searching for a more stable exchange.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: empoweoqwj on January 27, 2014, 11:22:32 AM

Quote from: stompix on January 27, 2014, 09:01:32 AM

Quote from: empoweoqwj on January 27, 2014, 08:38:10 AM

Quote from: Tzupy on January 27, 2014, 08:23:36 AM

Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.

Gox is a very large dump.

Can you stop trolling about a very large dump coming. You have no evidence to back this up. And besides, who would dump to Gox when you can't even get your money out of there, doh!

Gox still has a large order book and bigger than most others right now.
And gox is the exchange mentioned most of the times in news reports , not bitstamp.
Thinking gox doesn't matter or that gox is dead is just wrong. Many have killed gox in 2012 and in 2013 and look , it's still there.

That's because its the press and they are the last to know about anything.

Gox is killing itself. In 2012 and early 2013 it was releasing funds to customers. Now it isn't.

Order book is for show. Nobody takes it seriously.

Have you got any coins at gox?

Yes to the last question.
I disagree with your other statements but I already said it in the previous posts , so I got nothing to add

Thinking gox doesn't matter is childish.

So , how many coins you have on bitstamp or huobi?

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: stompix on January 27, 2014, 09:01:32 AM

Quote from: empoweoqwj on January 27, 2014, 08:38:10 AM

Quote from: Tzupy on January 27, 2014, 08:23:36 AM

Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.

Gox is a very large dump.

Can you stop trolling about a very large dump coming. You have no evidence to back this up. And besides, who would dump to Gox when you can't even get your money out of there, doh!

Gox still has a large order book and bigger than most others right now.
And gox is the exchange mentioned most of the times in news reports , not bitstamp.
Thinking gox doesn't matter or that gox is dead is just wrong. Many have killed gox in 2012 and in 2013 and look , it's still there.

That's because its the press and they are the last to know about anything.

Gox is killing itself. In 2012 and early 2013 it was releasing funds to customers. Now it isn't.

Order book is for show. Nobody takes it seriously.

Have you got any coins at gox?

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: empoweoqwj on January 27, 2014, 08:38:10 AM

Quote from: Tzupy on January 27, 2014, 08:23:36 AM

Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.

Gox is a very large dump.

Can you stop trolling about a very large dump coming. You have no evidence to back this up. And besides, who would dump to Gox when you can't even get your money out of there, doh!

Gox still has a large order book and bigger than most others right now.
And gox is the exchange mentioned most of the times in news reports , not bitstamp.
Thinking gox doesn't matter or that gox is dead is just wrong. Many have killed gox in 2012 and in 2013 and look , it's still there.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Tzupy on January 27, 2014, 08:23:36 AM

Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.

Gox is a very large dump.

Can you stop trolling about a very large dump coming. You have no evidence to back this up. And besides, who would dump to Gox when you can't even get your money out of there, doh!

Tzupy

legendary

Activity: 2128

Merit: 1074

Maybe you are missing an important point. The bid size (at least on paper) on Gox is about 2.5x larger than on Bitstamp.
It's true that Gox has only 21% of the USD volume while Bitstamp and BTC-E have each 28%, according to bitcoincharts.
But Gox seems to be the only one capable to absorb a very large dump without crashing the price to double digits.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Tzupy on January 27, 2014, 06:34:59 AM

While it's probably FUD, after thinking about it, I believe it would make sense for MtGox to do that.
They must have a sizable stash of bitcoins from fees, that would be available to dump. They are the only ones
who could withdraw fiat from themselves in a reasonable amount of time. And they probably still need some
serious fiat to pay various legal fees. What fiat they won't need in the near future, they can use that several
months from now to pump up the next bubble from much lower prices.
So I think it would make sense, but it could be seen as a conspiracy and against the law.

You are missing the point. Nobody cares about Gox any more.

Tzupy

legendary

Activity: 2128

Merit: 1074

While it's probably FUD, after thinking about it, I believe it would make sense for MtGox to do that.
They must have a sizable stash of bitcoins from fees, that would be available to dump. They are the only ones
who could withdraw fiat from themselves in a reasonable amount of time. And they probably still need some
serious fiat to pay various legal fees. What fiat they won't need in the near future, they can use that several
months from now to pump up the next bubble from much lower prices.
So I think it would make sense, but it could be seen as a conspiracy and against the law.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

This is the worst piece of FUD I've seen in a while.

You didn't even bother to come up with this. Post something on reddit with a new fake account , use twitter for this or something.
And have some sockpuppets accounts confirm this or +1 for you.
Without this , it's just lame.

thinkloop

newbie

Activity: 41

Merit: 0

How did you quote the comment if you can't find it?

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

You just made a huge red candle on all the exchanges...... Not

redwraith

full member

Activity: 188

Merit: 102

Since you only have 19 posts, I read every one of them and have come to the conclusion that you are just as delusional as the "bitcoin fanatics" that you deride. You are simply one of hundreds if not thousands of people who throughout history have used a calendar date to push a message or vendetta. I think you will find that China's influence on bitcoin is highly over-rated and will leave many China "fanboys" dissapointed on their Day of Doom. If anything does happen, it'll probably be similar to the Silkroad shakedown: brief spill, then move to all time highs.

Go back to the Trollbox where you belong.

empoweoqwj

hero member

Activity: 518

Merit: 500

Stop spreading stupid reddit rumours, please.

bitcoinlitcoinbtcltc

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Activity: 717

Merit: 501

Posted in wrong forum, move to ''speculation'' please!

I read this yesterday:

''I am sure no one reads this as all the delusional bitcoin fanatics downvote anything negative. But in case you do, and in case you share the same 'opinion' as I do, here is a little tip from an 'insider': as I am close to an exchange, a huge dump is planned in the near future. The exchange will go temporarily offline (like many times before) in order to fulfill the sell-orders successfully. There is a special reason why I am writing this, but I will not disclose it, as it might harm me.''

I can't find the comment anymore but it was posted somewhere in a bitcoin related thread on Reddit.

I think it is true, with all the negative news coming from China.

Topic: Exchange staff says they will dump ''soon'' (move to ''speculation'') (Read 2266 times)