If you have USD in Gox, you're lucky - page 2.

GeniuSxBoY

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Quote from: Rygon on February 20, 2014, 02:10:45 PM

Quote from: GeniuSxBoY on February 20, 2014, 12:32:18 PM

Finally a positive mtgox thread.

The unwarranted hate speech is only necessary AFTER incidences are confirmed.

When withdrawals open again and people see the price jump $500+, you'll hear crying and whining about how they should have bought and could have made 4x their money.

I don't think Pirate has been found guilty in a court yet, so does that mean it's a good idea to buy shares in the Bitcoin Savings & Trust for bargain basement prices?

Is the exchange still running?

Rygon

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Quote from: GeniuSxBoY on February 20, 2014, 12:32:18 PM

Finally a positive mtgox thread.

The unwarranted hate speech is only necessary AFTER incidences are confirmed.

When withdrawals open again and people see the price jump $500+, you'll hear crying and whining about how they should have bought and could have made 4x their money.

I don't think Pirate has been found guilty in a court yet, so does that mean it's a good idea to buy shares in the Bitcoin Savings & Trust for bargain basement prices?

Obi-Wan Coinobi

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Quote from: GeniuSxBoY on February 20, 2014, 12:32:18 PM

Finally a positive mtgox thread.

The unwarranted hate speech is only necessary AFTER incidences are confirmed.

When withdrawals open again and people see the price jump $500+, you'll hear crying and whining about how they should have bought and could have made 4x their money.

That is one scenario, yes.

anu

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RepuX - Enterprise Blockchain Protocol

Quote from: Holliday on February 14, 2014, 01:27:48 PM

Quote from: MatTheCat on February 14, 2014, 01:26:16 PM

Do you reckon that it is Gox themselves who are buying up all the ultra cheap Bitcoins (the ones that are actually backed by Bitcoins in the blockchain ledger), and then arbitraging them on Bitstamp and the likes?

I think if they were arbitraging the exchange rates would be closer together.

When you don't have competition you can arb as you see fit.

GeniuSxBoY

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Finally a positive mtgox thread.

The unwarranted hate speech is only necessary AFTER incidences are confirmed.

When withdrawals open again and people see the price jump $500+, you'll hear crying and whining about how they should have bought and could have made 4x their money.

oda.krell

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Quote from: MatTheCat on February 20, 2014, 11:24:34 AM

Quote from: oda.krell on February 20, 2014, 09:36:34 AM

Funny enough, the absolute ATH, end of July 2013, probably didn't work out so well for some traders, judging by how price didn't budge that much back then, and considering that you better got out of short position before the rally started 2 weeks later.

Maybe I am just dumb, but how am I meant to tell what proportion of those BTC/USD swaps are for leveraged long trading and leveraged short trading?

Right now I am totally insensitive to pretty much any statistic except BTC/USD withdrawals being free flowing across all exchanges (includign Bitstamp where I have 30K USD), and the price rising up and establishing convincing support at higher prices. Until his happens, then I am listening to the little green pixie sitting on my shoulder who whispers dreams into my head, and he says yet more slaughter to come, best avoided by being 0% in Bitcoin for the time being.

I imagine the "total sum active BTC swaps" corresponds to shorts while the "total sum active USD swaps" (which you get to by selecting USD near the top of the page) corresponds to longs. Note that both are measured in USD.

Then again, I could be wrong. I only pretend to understand trading lingo.

porcupine87

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hm

Quote from: nopedope89 on February 20, 2014, 08:15:47 AM

I believe that MtGox will soon come back. It's matter of time when it will happen. I am sure they are going to fix withdrawals and as it happen market situation will change.

The price now does absolutely not reflect that. The majority or well-informed do not expect that or speculate, that it will take a few more days and then by back.

Because don't forget. Prices are the best forecasts you can make. The prices will rise before Gox announces the fix.

MatTheCat

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Quote from: oda.krell on February 20, 2014, 09:36:34 AM

Funny enough, the absolute ATH, end of July 2013, probably didn't work out so well for some traders, judging by how price didn't budge that much back then, and considering that you better got out of short position before the rally started 2 weeks later.

Maybe I am just dumb, but how am I meant to tell what proportion of those BTC/USD swaps are for leveraged long trading and leveraged short trading?

Right now I am totally insensitive to pretty much any statistic except BTC/USD withdrawals being free flowing across all exchanges (includign Bitstamp where I have 30K USD), and the price rising up and establishing convincing support at higher prices. Until his happens, then I am listening to the little green pixie sitting on my shoulder who whispers dreams into my head, and he says yet more slaughter to come, best avoided by being 0% in Bitcoin for the time being.

BitCoinsLOL

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Quote from: GigaCoin on February 14, 2014, 12:59:59 PM

Personally i don't buy the whole "GOX WILL DIE" scenario, i'll tell you what, Gox will NOT die. Yes they are incompetent and have hurt the bitcoin community and themselves but one thing that's clear is they made ALOT of money and they are survivors.

Today there was a video released of Mark Karpeles, he was walking outside the office holding a frapaccino and an umbrella, without a care in the world not giving a shit. The guy is a fucking survivor like it or not and Gox will be back.

If you have Fiat in GOX, i would buy the shit out of bitcoin and make 50%-100% instantly once withdrawals resume. The withdrawals will RESUME for sure it's just a matter of time. So far news in reddit hint for the withdrawals to resume within this week

BTC is 135.90 right now sure glad I din't listen to you LOLOL

oda.krell

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Quote from: MatTheCat on February 20, 2014, 09:13:36 AM

Quote from: MAbtc on February 19, 2014, 03:21:41 PM

NEVER, EVER, EVER use stops on Bitfinex. A typical loss of access to Bitstamp liquidity (which happens extremely regularly) and you may find your position closed ± $100 where you thought you closed it.

That's right. Leverage trading without stops....... Grin

Complain and Giancarlo will attempt to publicly humiliate you. Cheesy

Yeah he did, but ya know what. As indignant as he acted towards me, I still think that Bitfinex is a fkn den of thieves.

I have seen some well dodgy shit occur on that exchange and after they took away ability to route only through Bitstamp, setting any kind of Stop Loss that actually would have served to limit losses, is running huge risk of having your arse farmed in counter trend noise by some farming bot, that may or may not have access to stop orders/limit orders list.

Also on Bitfinex is the shocking fact that everyone has the ability build up massive liar walls even when the user only has liquidity to cover 1% (or less) of those walls. With the assistance of a Bot, towering 1000 BTC walls can appear and disappear either side of the wall within an instant, even when the punk erecting and then vanishing them again only has 10BTC liquidity.

As tempting as Short Selling Bitcoin at the moment may seem, probably not worth running the gauntlet amongst all them thieves, whilst never being sure if the exchange operators aren't amongst them.

Talking about which...

Almost at new 6 month ATH of active BTC swaps, according to http://charts-bfxdata.rhcloud.com/bitfinexLiquidityBTC.php

Funny enough, the absolute ATH, end of July 2013, probably didn't work out so well for some traders, judging by how price didn't budge that much back then, and considering that you better got out of short position before the rally started 2 weeks later.

MatTheCat

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Quote from: MAbtc on February 19, 2014, 03:21:41 PM

NEVER, EVER, EVER use stops on Bitfinex. A typical loss of access to Bitstamp liquidity (which happens extremely regularly) and you may find your position closed ± $100 where you thought you closed it.

That's right. Leverage trading without stops....... Grin

Complain and Giancarlo will attempt to publicly humiliate you. Cheesy

Yeah he did, but ya know what. As indignant as he acted towards me, I still think that Bitfinex is a fkn den of thieves.

I have seen some well dodgy shit occur on that exchange and after they took away ability to route only through Bitstamp, setting any kind of Stop Loss that actually would have served to limit losses, is running huge risk of having your arse farmed in counter trend noise by some farming bot, that may or may not have access to stop orders/limit orders list.

Also on Bitfinex is the shocking fact that everyone has the ability build up massive liar walls even when the user only has liquidity to cover 1% (or less) of those walls. With the assistance of a Bot, towering 1000 BTC walls can appear and disappear either side of the wall within an instant, even when the punk erecting and then vanishing them again only has 10BTC liquidity.

As tempting as Short Selling Bitcoin at the moment may seem, probably not worth running the gauntlet amongst all them thieves, whilst never being sure if the exchange operators aren't amongst them.

nopedope89

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FROSTING

I believe that MtGox will soon come back. It's matter of time when it will happen. I am sure they are going to fix withdrawals and as it happen market situation will change.

GigaCoin

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Giga

Quote from: RodeoX on February 19, 2014, 03:15:01 PM

So trading will resume as normal except you will not have access to your bitcoins. That does not sound normal. Undecided

Looks like Gox isn't implementing the fix today, price is now $145 the same price in April 2013 !! Bitstamp is holding well at $600

Unless they do a last minute fix at the end of the day (US time) and the prices will skyrocket on all exchanges. I'm still pretty confident that Gox will be back.

GigaCoin

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Giga

Quote from: MAbtc on February 19, 2014, 03:21:41 PM

Quote from: MatTheCat on February 16, 2014, 08:47:05 AM

Quote from: TERA on February 15, 2014, 04:33:41 AM

Ill have to admit the one good about gox is its still a brick and mortar business with real people and mark comes to work every day in the morning apparently. unlike btce and bitfinex which are run off of the moon.

Are you trading on Bitfinex still?

I am aching for another Short Trade at this point, but I pulled my funds from bitfinex as I decided I didn't trust it/place was/is heaving with thieves. Did you have any bets, limit orders, stop losses placed during the Bitcoin to $10'000 or the Bitcoin to $100 'hack'? If so, what happened? I have read that a lot of people lost money on Bitifnex and are still waiting for support to make it good to them.

NEVER, EVER, EVER use stops on Bitfinex. A typical loss of access to Bitstamp liquidity (which happens extremely regularly) and you may find your position closed ± $100 where you thought you closed it.

That's right. Leverage trading without stops....... Grin

Complain and Giancarlo will attempt to publicly humiliate you. Cheesy

I've had problems with Bitfinex too, largely avoided them since a while despite the hype behind them.

MAbtc

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Quote from: MatTheCat on February 16, 2014, 08:47:05 AM

Quote from: TERA on February 15, 2014, 04:33:41 AM

Ill have to admit the one good about gox is its still a brick and mortar business with real people and mark comes to work every day in the morning apparently. unlike btce and bitfinex which are run off of the moon.

Are you trading on Bitfinex still?

I am aching for another Short Trade at this point, but I pulled my funds from bitfinex as I decided I didn't trust it/place was/is heaving with thieves. Did you have any bets, limit orders, stop losses placed during the Bitcoin to $10'000 or the Bitcoin to $100 'hack'? If so, what happened? I have read that a lot of people lost money on Bitifnex and are still waiting for support to make it good to them.

NEVER, EVER, EVER use stops on Bitfinex. A typical loss of access to Bitstamp liquidity (which happens extremely regularly) and you may find your position closed ± $100 where you thought you closed it.

That's right. Leverage trading without stops....... Grin

Complain and Giancarlo will attempt to publicly humiliate you. Cheesy

RodeoX

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The revolution will be monetized!

So trading will resume as normal except you will not have access to your bitcoins. That does not sound normal. Undecided

GigaCoin

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Giga

Tomorrow will be interesting

MatTheCat

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Quote from: TERA on February 15, 2014, 04:33:41 AM

Ill have to admit the one good about gox is its still a brick and mortar business with real people and mark comes to work every day in the morning apparently. unlike btce and bitfinex which are run off of the moon.

Are you trading on Bitfinex still?

I am aching for another Short Trade at this point, but I pulled my funds from bitfinex as I decided I didn't trust it/place was/is heaving with thieves. Did you have any bets, limit orders, stop losses placed during the Bitcoin to $10'000 or the Bitcoin to $100 'hack'? If so, what happened? I have read that a lot of people lost money on Bitifnex and are still waiting for support to make it good to them.

Quote from: bitcon on February 15, 2014, 11:43:51 AM

ie: they're gonna be busy capitalizing on those arbitrage opportunities with all the cheap coins they bought

oooh, don't be like.....soooooo paranoid man, you are thinking like a fish......apparently:

Quote from: GreenDude on February 16, 2014, 08:31:00 AM

That is a really stupid paranoid thought dude.. U are thinking like a fish.. He doesn't need to do that to earn money or whatever.. And even if mtgox lost btc he has thousand and weekly is earning Millions.. he can cover if he loses some btc.. which i think he didnt.. and going to sell "his" to bitstamp would be same than giving trading commisions to bitstamp.. This is by far the most stupid thought i've heard man.. And u should re-read the "arbitrage" concept.

bitcon

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Quote from: Tzupy on February 15, 2014, 04:15:47 AM

"
we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .
"

ie: they're gonna be busy capitalizing on those arbitrage opportunities with all the cheap coins they bought

GigaCoin

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Giga

Quote from: TERA on February 15, 2014, 04:33:41 AM

Ill have to admit the one good about gox is its still a brick and mortar business with real people and mark comes to work every day in the morning apparently. unlike btce and bitfinex which are run off of the moon.

Especially with btce there is always that lingering feeling that they're gonna run off at anytime.

Topic: If you have USD in Gox, you're lucky - page 2. (Read 5251 times)