Author

Topic: Lets say MtGox reenables withdrawals: How high will we spike? (Read 2029 times)

legendary
Activity: 896
Merit: 1000
I'll say 850. Initial spike to 750. Stabilization of other exchanges to reach a 5% average spread. Additional traffic will make the spread at 20%

So: 750*.95*1.2=855 but I like rounding so 850.
sr. member
Activity: 448
Merit: 250
If it withdraws and it works and their limits are fairly high, we could see >1000 lol.
newbie
Activity: 53
Merit: 0
Now is the time for the ultimate market troll. The troll needs to announce "withdrawls will be re-enabled on Friday" and then announce on Friday that "some unexpected technical issues arose" and he "has to delay it again" but he is very sorry and will "update" "in another 4 business days".

Look they're testing their code, ran into some bugs:

https://blockchain.info/address/127gn88Zhp7pZmGsFLm8R2CAdL1JKrjsZi
https://blockchain.info/address/16aCPsLdVxMYDMzQtiG9vXj9yYY5Zy2AJ4
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
how high will bitcoin spike or how high will mt gox spike? critical difference.

Its amusing how most people believe good news for Gox = ATH bitcoin. total rubbish.

they will sit ready on bitstamp to buy, and they will be crushed by the whales when they fill the arbitrage.



I was talking about MTGOX price. The other prices are much more legit. Gox's price is a joke.

It would be the equivalent of The Bitcoin Circus Price.
legendary
Activity: 924
Merit: 1001
how high will bitcoin spike or how high will mt gox spike? critical difference.

Its amusing how most people believe good news for Gox = ATH bitcoin. total rubbish.

they will sit ready on bitstamp to buy, and they will be crushed by the whales when they fill the arbitrage.

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Would not surprise me if it spiked to $800 then fell as people find out how much they can really withdraw (if anything at all).
legendary
Activity: 2338
Merit: 2106
new ath


why ? it´s bitcoin, dude   Cheesy
hero member
Activity: 728
Merit: 500
gox: (700-1000)

botstamp: (660-720) (trap before down again)
legendary
Activity: 896
Merit: 1000
Mtgox 550 to 700
Bitstamp 575 to 650

Imo

Details. I'm all knowing

Urwelcum
legendary
Activity: 1022
Merit: 1000
Ok, lets say later today they announce that withdrawals will resume today or tomorrow, it is widely expected that prices on Gox will spike up because ppl want the cheap Gox coins in order to sell them for Bitstamp an BTCe prices (currently a difference of 260$ or better expressed, a 60% gain). Also annoyed and scared users of Gox will want to get out at higher cost then that to move their money out of MtGox by means of BTC withdrawal.

Considering all variables like order book depth, reaction of other markets and uncertainty about MtGox' solvency, what do you estimate the resulting price on Gox (and other exchanges) will be like?
Pls be explicit about how you calculate your numbers and what factors you consider.
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