my heart goes out to gox users with considerable percentage of their portfolio in gox.
the market is established, goxBTC are ~11% of BTC at the moment:
http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC
i think buyers are >90% confident that gox will balance what they have when all is played out and these buyers are calculating the haircut involved and then adding a chunk on top for profit at the expense of the fears of gox users.
the depth profile shows a much higher volume of buyers than sellers and some mini walls at the easy fractions like 1% and 5%. it will be interesting to watch this market.
i have only watched it for an hour or so, there are more sellers entering the shark pit and hanging around the end of the book all the time.
one outlandish conspiracy theory a friend suggested to me (he's a tweaky overthinking dude):
perhaps bitcoinbuilder is in some way a proxy for gox through which agents for gox are slowly buying coins back. but i'm not sure a scheme on such a scale would be possible to hide from blockchain forensics?
Topic: How are Gox coins still selling for $100 on bitcoinbuilder? (Read 903 times)
Some folks are punters and take extreme bets like apparently betting on gox coins in the face of all available evidence
Jump to: