They can set the market to any price they'd like and it makes absolutely no difference. Price doesn't move unless there's a transaction. MtGox isn't setting the price, the market will quickly fix it.
Yes . . . but setting the price so high, for right now, limits the number of BTC that can be withdrawn. 
Topic: Gox BTC hitting TH Auction Block - page 3. (Read 7517 times)
Mt. Gox hack is only the surface of the problem right now....some fundamental problems (ie. lack of recourse to criminal activity) with the currency are contributing to the sell-off.
Don't forget half-assed theories. Those are completely related, too.
I miss the old forums, before the wave of hysteria washed over it.
Mt. Gox hack is only the surface of the problem right now....some fundamental problems (ie. lack of recourse to criminal activity) with the currency are contributing to the sell-off.
If you look at the upwards trend for the last days, its clear that the selloff of the last hours has to do with MtGox opening.obviously as that's where the funds were trapped.
Mt. Gox hack is only the surface of the problem right now....some fundamental problems (ie. lack of recourse to criminal activity) with the currency are contributing to the sell-off.
If you look at the upwards trend for the last days, its clear that the selloff of the last hours has to do with MtGox opening.
Mt. Gox hack is only the surface of the problem right now....some fundamental problems (ie. lack of recourse to criminal activity) with the currency are contributing to the sell-off.
TH right now
I think lots of BTC liberated from MtGox today, but not as many dollars. So for now, the supply and demand leans towards more BTC than dollars.
I think lots of BTC liberated from MtGox today, but not as many dollars. So for now, the supply and demand leans towards more BTC than dollars.
The plummet continues... >10% fall from today's high since Mt. Gox opened. No news to break the trend in sight, many holders traumatized by the hack.
*yawn*
Yeah, I'll bet you're sleeping right through this whole episode, Trader.
it looks like there is trading going on right now on gox, if you watch the chart. I cant make any though, says they are testing.
http://mtgoxlive.com/
http://mtgoxlive.com/
That website is directed at TradeHill at the moment.
Thanks good to know
mtgoxlive has tracked TH for the last few days.
it looks like there is trading going on right now on gox, if you watch the chart. I cant make any though, says they are testing.
http://mtgoxlive.com/
http://mtgoxlive.com/
everyone just cashing out from mtgox...
lets see how the site will be once the rush is over and everyone has cashed out
lets see how the site will be once the rush is over and everyone has cashed out
Movement at TH is thus far only noise, and maybe anticipation of the influx of cash. Let's see what happens in the next hour.
They can set the market to any price they'd like and it makes absolutely no difference. Price doesn't move unless there's a transaction. MtGox isn't setting the price, the market will quickly fix it.
Quite right. Though it looks like some large player has been aiming for it for the last 36 hours.
Tradehill Last: 16.50
*yawn*
*yawn*
Price means "Last Price" so to be accurate they should set it at 17.5 since that was their last valid price. It won't matter.
They can set the market to any price they'd like and it makes absolutely no difference. Price doesn't move unless there's a transaction. MtGox isn't setting the price, the market will quickly fix it.
Bring it on... I've got a TH buy order sitting on about 12.5 in case it drops hard while I'm asleep.
Not low enough.
Yeah. Opening Gox at 17.5 is a joke. I'd be surprised if there were bids at 15. Only ~250 coins between here and there on TH.
that was ONE trade btw. (unless 2 people timed it exactly)
Bring it on... I've got a TH buy order sitting on about 12.5 in case it drops hard while I'm asleep.
Not low enough.
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