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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29537. (Read 26609447 times)

hero member
Activity: 812
Merit: 1000
ppl still heavily selling @260 on Gox, i think it might go down below 200 in we wont get some super positive news this week
sr. member
Activity: 346
Merit: 250
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.

What i dont understand is why Gox isnt comuunicating clearly on the fact that they still have all the BTC from its customers. Clearly Gox should have millions of BTC in cold storage just because of being the historical trading plateform. I wouldnt be surprised if they give the BTC back to its customers. However, it seems some people are taking advantage of this excessive FUD about Gox being insolvent in BTC. Its not because they *can't* give the BTCs back that they necessarily *don't* have them anymore.
sr. member
Activity: 504
Merit: 250
What i mean is that price going from the ~300 to 412 after the update, and then down to 250 without any new info, just somewhat illogical.

I would be thinking that if there are people who think that their coins are gone - they should've sold their coins days ago, not now

Some are claiming that cash withdrawals still work in Euro and Yen, so maybe it's cash that's leaving or people are hoping they can withdraw cash, that would have that effect on price.

My book on Gox must be wrong only 700 BTC buy, to up price to 400!
legendary
Activity: 1106
Merit: 1007
Hide your women
What i mean is that price going from the ~300 to 412 after the update, and then down to 250 without any new info, just somewhat illogical.

I would be thinking that if there are people who think that their coins are gone - they should've sold their coins days ago, not now

I agree with you, but you know the old saying: markets can stay irrational longer than you can stay solvent.
sr. member
Activity: 644
Merit: 250
Ok TA analysts and speculators...any idea on when the bear market will end ?
I wonder what will it take to restore the bullish sentiment on this thread. All this negativity is getting boring to be honest.
full member
Activity: 378
Merit: 100
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.
The fact that a number of people close to MtGox will have far superior information than me, and be in a position to act quicker than me in any event, deters me from touching Goxcoins or Goxbux with a bargepole. Whatever the outcome, I doubt I would be the winner.
hero member
Activity: 812
Merit: 1000
What i mean is that price going from the ~300 to 412 after the update, and then down to 250 without any new info, just somewhat illogical.

I would be thinking that if there are people who think that their coins are gone - they should've sold their coins days ago, not now
sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.




The Goxcoin price reaction to the update is either very weird or just shady
This is Goxcoin land. A 10% change in price is nothing.
hero member
Activity: 812
Merit: 1000
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.




The Goxcoin price reaction to the update is either very weird or just shady
legendary
Activity: 1106
Merit: 1007
Hide your women
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.

I pulled my funds out at a ~15% loss precisely so I wouldn't have so much riding on the answer, but if I did have funds there now, I'd buy when the discount reaches 60% over Stamp. I think there's a >40% chance goxBTC is recoverable. GoxBux, OTOH, I put at ~20%. Poor bastards. It's like people fighting over flotsam off the Titanic with all the lifeboats full. Still, it may be a big opportunity for someone willing to take a big risk.
The market disagrees with you  Smiley If it agreed, then GoxBTC would be trading at $1200.
I put the chances for both at 99% as the Mt. Gox people will be locked up if they don't deliver.

Well yeah, and those people still have money riding on the outcome and I don't (anymore), so you should rationally put more stock in what the market is saying. I also have no insider information. I'm not selling a position. I'm just thinking out loud.
legendary
Activity: 1106
Merit: 1007
Hide your women
About to go under $600 on Stamp (currently @ $610).

Possibly. There's respectable resistance. A few more failed attempts and it'll go back up instead.

sorry, up where?

(if...) It'll go back up to test $650.
sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.

I pulled my funds out at a ~15% loss precisely so I wouldn't have so much riding on the answer, but if I did have funds there now, I'd buy when the discount reaches 60% over Stamp. I think there's a >40% chance goxBTC is recoverable. GoxBux, OTOH, I put at ~20%. Poor bastards. It's like people fighting over flotsam off the Titanic with all the lifeboats full. Still, it may be a big opportunity for someone willing to take a big risk.
The market disagrees with you  Smiley If it agreed, then GoxBTC would be trading at $1200.
I put the chances for both at 99% as the Mt. Gox people will be locked up if they don't deliver.
legendary
Activity: 1106
Merit: 1007
Hide your women
About to go under $600 on Stamp (currently @ $610).

Possibly. There's respectable resistance. A few more failed attempts and it'll go back up instead.

sorry, up where?

My bad. "support".
legendary
Activity: 1106
Merit: 1007
Hide your women
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.

I pulled my funds out at a ~15% loss precisely so I wouldn't have so much riding on the answer, but if I did have funds there now, I'd buy when the discount reaches 60% over Stamp. I think there's a >40% chance GoxBTC is recoverable. GoxBux, OTOH, I put at ~20%. Poor bastards. It's like people fighting over flotsam off the Titanic with all the lifeboats full. Still, it may be a big opportunity for someone willing to take a big risk.
hero member
Activity: 910
Merit: 1003
For this "micro-crash", it seems that Bitstamp (12:30) was ahead of Huobi (12:32). 

Apart from a few scattered transactions, Bitstamp's volume was and remains very small (a couple of BTC/min); while Huobi's rose to about 100 BTC/min after the micro-crash, and is still at that level.

Thus, I find it hard to beleive that Bitstamp was the prime mover of this event.  Any negative news on the forums?
legendary
Activity: 1232
Merit: 1011
About to go under $600 on Stamp (currently @ $610).

Possibly. There's respectable resistance. A few more failed attempts and it'll go back up instead.

sorry, up where?

legendary
Activity: 1106
Merit: 1007
Hide your women
About to go under $600 on Stamp (currently @ $610).

Possibly. There's respectable resistance. A few more failed attempts and it'll go back up instead.
hero member
Activity: 504
Merit: 500
Moderator
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Still massive dumps of Goxcoins, seems like people think they are worthless after all

as the poll indicates, clearly poeple have very little confidence they will resume withdrawals as promised.

are poeple trading gox on superior information or emotion... that is the question.
hero member
Activity: 812
Merit: 1000
Still massive dumps of Goxcoins, seems like people think they are worthless after all
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