Author

Topic: Mtgox just hit $1037 (Read 1494 times)

legendary
Activity: 1136
Merit: 1001
January 26, 2014, 01:13:25 PM
#17
Its about time we stop putting the dollar sign in front of mtgox quotes. It hit 1037, but certainly not $1037
legendary
Activity: 2128
Merit: 1074
January 26, 2014, 12:58:23 PM
#16
Yes gox will be at $2K while bitstamp is still $830.

MtGox will eventually fix it's transmission problem, BTCE and Bitstamp will follow MtGox's price soon
If mtgox fixes its problem, it will result in a massive crash and THEN the other exchanges will be following it.

Correct, but let me clarify for the n00bs: if Gox would sort out it's fiat withdrawal problems, speculators
wouldn't have to move out of Gox via bitcoins and push the price up as a consequence.
Instead Gox's bid side would see a large decrease which would encourage panic selling.
newbie
Activity: 56
Merit: 0
January 26, 2014, 12:47:55 PM
#15
Mtgox just hit $1037!

Its time to raise! do you think we are going to $2000 this time?
I was just going to post that the MtGox-Bitstamp differential is up to over $190, when it has usually been steady at the $120 range, sometimes going up to $160.  Is the final exodus here when everyone trades their Gox Dollars for BTC at any price just for the chance to get out in time?

nope, btce and bitstamp will follow gox slowly, you just need to wait a little bit. the reason for this delay is because there are more "pros" and "corps" in MTGOX than btce and bitstamp, so it's always MtGox who makes/creates the trend, and others exchangers follow later
full member
Activity: 140
Merit: 100
January 26, 2014, 12:38:48 PM
#14
Mtgox just hit $1037!

Its time to raise! do you think we are going to $2000 this time?
I was just going to post that the MtGox-Bitstamp differential is up to over $190, when it has usually been steady at the $120 range, sometimes going up to $160.  Is the final exodus here when everyone trades their Gox Dollars for BTC at any price just for the chance to get out in time?
newbie
Activity: 5
Merit: 0
January 26, 2014, 12:26:48 PM
#13
Does anybody have data showing the disparity between Gox and the other exchanges? I can't remember a time when the price disparity was this great.
legendary
Activity: 2179
Merit: 1201
January 26, 2014, 12:16:35 PM
#12
For a Sunday it's quite a boost!

I have a theory that the manipulator(s) take the weekend off, which is why the price has risen the past three weekends.

They change their tactics every time so no one can adapt. We´ve seen different scenarios where we had big weekend crashes and big weekend highs. The Bitcoin in theory is good but in fact it is nothing else than FIAT. Instead of banks are manipulating, @BTC whales are manipulating the market.
hero member
Activity: 728
Merit: 500
January 26, 2014, 11:49:22 AM
#11
Yes gox will be at $2K while bitstamp is still $830.

MtGox will eventually fix it's transmission problem, BTCE and Bitstamp will follow MtGox's price soon
If mtgox fixes its problem, it will result in a massive crash and THEN the other exchanges will be following it.
newbie
Activity: 56
Merit: 0
January 26, 2014, 11:48:04 AM
#10
Yes gox will be at $2K while bitstamp is still $830.

MtGox will eventually fix it's transmission problem, BTCE and Bitstamp will follow MtGox's price soon
sr. member
Activity: 388
Merit: 250
January 26, 2014, 11:46:13 AM
#9
For a Sunday it's quite a boost!

I have a theory that the manipulator(s) take the weekend off, which is why the price has risen the past three weekends.
legendary
Activity: 2114
Merit: 1013
January 26, 2014, 11:44:46 AM
#8
For a Sunday it's quite a boost!
hero member
Activity: 728
Merit: 500
January 26, 2014, 11:35:35 AM
#7
Yes gox will be at $2K while bitstamp is still $830.
legendary
Activity: 2268
Merit: 1278
January 26, 2014, 11:33:59 AM
#6
People are not afraid the price is going to fall... they are afraid it is going to rise. Which it probably will this time.
sr. member
Activity: 434
Merit: 250
January 26, 2014, 11:32:23 AM
#5
Would be nice if it would rise to 2k
hero member
Activity: 1092
Merit: 500
Life is short, practice empathy in your life
January 26, 2014, 11:25:44 AM
#4
1037 Gox Bux = 837 real USD
legendary
Activity: 2198
Merit: 1311
January 26, 2014, 11:25:16 AM
#3
Thank you for the bad news update, but please don't spam the forum with threads devoted merely to the latest price.  Your post should go here.
legendary
Activity: 2338
Merit: 1035
January 26, 2014, 11:24:21 AM
#2
penthouse man what a view

jk  Grin
newbie
Activity: 56
Merit: 0
January 26, 2014, 11:23:44 AM
#1
Mtgox just hit $1037!

Its time to raise! do you think we are going to $2000 this time?
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