I think the market at Tradehill is going to get a lot heavier, now that people can get their money/BTC out of Mt. Gox.
Instead of an explosion (of built-up selling pressure), it looks like the market is going to "let off some steam" less dramatically, via other exchanges such as Bitcoin7 and Tradehill.
By the time Mt. Gox opens Sunday at 3:00 CDT, anyone who was dying to sell will have already done so.
As someone pointed out, the other exchanges are keeping quite a decent price on BTC -- it's not like they're going to zero or something.
Topic: Mt. Gox is up! - page 2. (Read 3394 times)
Someone has to fill every trade. Mt. Gox isn't selling any at 17.51. It's an artificial number.
We'll see how fast that 17.51 becomes something much higher -- or lower -- very shortly.
We'll see how fast that 17.51 becomes something much higher -- or lower -- very shortly.
OP: Some threads are indeed necessary, which is why when not called out I would not have said anything. On another note, "Holding steady" is not the proper term for a time window such as "this morning". I don't disagree that some mtgox folks might be pulling their coins and dropping them on TH, but it's not like TH has been some bastion of price steadiness that gox is now sieging. The price was 16.20 on 6/24/2011 20:20 CST. That's less than 12 hours ago. Must everything be so hysterical?
Last trade on MtGox was over a week ago, the current volume of trade is 0. We'll see when it opens up if that value changes.
Last trade on MtGox was 17.51, which is a bargain IMHO. Since May BTCs have doubled in value roughly every 3-4 weeks. Remember June 1 it was at 9 bux? 
Last trade on MtGox was over a week ago, the current volume of trade is 0. We'll see when it opens up if that value changes.
Not really a huge selloff yet considering the thinner market at Tradehill...
Last trade on MtGox was 17.51, which is a bargain IMHO. Since May BTCs have doubled in value roughly every 3-4 weeks. Remember June 1 it was at 9 bux?
Don't look now -- but there's blood (and sharks) in the water at Tradehill right now!
This morning it was holding rather steady at 17.20.
Then Mt. Gox opened, and it fell to around 16.90, then 16.70.
And just now -- when the first BTC from Mt. Gox are hitting peoples' wallets -- it fell to 16.10.
It begins.
This morning it was holding rather steady at 17.20.
Then Mt. Gox opened, and it fell to around 16.90, then 16.70.
And just now -- when the first BTC from Mt. Gox are hitting peoples' wallets -- it fell to 16.10.
It begins.
(Certain people are counting how many threads I create in relation to how much I post...but you see, sometimes it's necessary!)
Mt. Gox is up!
Mt. Gox is up!
Jump to: