This.
Although I heard some rumors about EUR facing some printing too.
Topic: On to the next bubble? (Read 940 times)
GOX had a few problems with seized bank accounts -> USD shortage
JPY and EURO are ok.
Who wants USD anymore? Useless oil money without any support -> print MOAR MOAR MOAR -> hyperinflation incoming
JPY and EURO are ok.
Who wants USD anymore? Useless oil money without any support -> print MOAR MOAR MOAR -> hyperinflation incoming
All those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Why can't they withdraw it?
Shortage of USD
Do you mean exchanges use peoples deposits for expenses
I dont get it, the money you deposit (thus any ballance) should be available immediately for withdrawal and exchange expenses should go from feesAll those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Why can't they withdraw it?
Shortage of USD
Do you mean exchanges use peoples deposits for expenses
I dont get it, the money you deposit (thus any ballance) should be available immediately for withdrawal and exchange expenses should go from fees All those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Why can't they withdraw it?
Shortage of USD
All those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Why can't they withdraw it?
zoom out to 6 months+. This situation has certainly not popped. In china we never even got below the trendline that started Nov 1 (3500 or so). We are nowhere near the oct 15 trendline (1750). Both of these are above the baseline bull market that started in July.
All those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Bubblemode 5.0
It's allways the same. Up and Down...
Btw: The Gox seller can buy BTC and withdraw to stamp or any other exchange. Price gap is really small.
But on the other side: stamp is not more reliable than gox.
But since btc is the only thing you can get out of gox (within limits!) it means selling your coins high is not enough. The whole mass that sold high must buy back btc again to get it out of gox, bringing the price up again.
What will cause the next panic buying and spiraling price?
When the Chinese find out about altcoins there's going to be lots of bubbles!
All those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Bubblemode 5.0
It's allways the same. Up and Down...
Btw: The Gox seller can buy BTC and withdraw to stamp or any other exchange. Price gap is really small.
But on the other side: stamp is not more reliable than gox.
All those sellers at gox realise they cant withdraw their fiat profit so they must eventually buy back btc. Therefore the only way is up.
Next bubble India
After the first bubble there was the April 2013 bubble, caused by some mainstream attention most likely and a rush to get in before it was too late.
Then this bubble, likely caused by a rush to get into Bitcoin in China.
So the next bubble will come from?
Who's next to find out about Bitcoin and want in?
What will cause the next panic buying and spiraling price?
Then this bubble, likely caused by a rush to get into Bitcoin in China.
So the next bubble will come from?
Who's next to find out about Bitcoin and want in?
What will cause the next panic buying and spiraling price?
Jump to: