When EVERYONE is saying hold or buy (or even send in money now and buy) on mtgox, something is wrong. When everyone takes on one side, that position is usually a loser. Obviously, there are people who are selling - bids are getting hit repeatedly (and this has been going on for some time). These sellers know something to continue to sell even at these discount prices - they would rather have some cash vs. bitcoin which is valued at 4X the price on other exchanges, even though you can't get cash out either! A conundrum to be sure. I am getting the distinct feeling that us little guys in the dark are going to get whacked.
I would have screamed SELL SELL SELL at any holder of BTC on Gox quite some time ago.
Now, I would be inclined to suggest that they have already taken such a kicking, that if they are still holding BTC, they might as well hold out on a all or nothing basis. Cashing out now is like the difference between opting for a 5-1 defeat instead of gambling with the likelihood of a 6-0, defeat, but with the outside chance of a 5-5 draw.
However, I don't have the misfortune of having money stuck on Gox and pushed and pressed my brother to get the few K he had on Gox, out, just a couple of weeks before all the shit started to happen. I would imagine that there must be some very delirious manic people trapped on Gox right now. A lot of them will have been early adopters and 'believers' in Bitcoin, who may not have had much to begin with, but have experienced a short phase of being extraordinarily wealthy, only to see it all evaporate before their eyes. If I was one of them, perhaps I would want something in USD just in order to be in a tenable position to be behind a law suit against Karpeles.
