Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29833.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: bassclef on February 10, 2014, 09:44:18 PM

life will go on without Gox. Just look at the price difference now.

So, when are you buying in? Cool

Well, which exchange do you think will be the next MtGOX? Do you recommend that I donate my money to the very shy owners of Bitstamp https://www.bitstamp.net/about_us/ , to the brilliant but anonymous hackers of Bitfinex https://www.bitfinex.com/, to the faceless and stateless Alex[a-z]*s of BTC-e http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/, ... Wink

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Done with Gox
Explanation

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: JorgeStolfi on February 10, 2014, 09:51:32 PM

Quote from: HairyMaclairy on February 10, 2014, 09:38:06 PM

All rallies are low volume. But yes I am going 708 BSP wtf. This is too high too fast IMHO.

It seems that arbitrage trading stopped after today's crash. Each market seems to be going its own way.

The crash put the markets momentarily at hugely different prices, from 100 USD to 600 USD. It must have been a great stress test for the arbitrage robots, and they may have made some stupid and costly mistakes. Programmers now at work?

I like this train of thought. I like to pretend that the meatbags still have a chance.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: HairyMaclairy on February 10, 2014, 09:38:06 PM

All rallies are low volume. But yes I am going 708 BSP wtf. This is too high too fast IMHO.

It seems that arbitrage trading stopped after today's crash. Each market seems to be going its own way.

The crash put the markets momentarily at hugely different prices, from 100 USD to 600 USD. It must have been a great stress test for the arbitrage robots, and they may have made some stupid and costly mistakes. Programmers now at work?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: BitcoinAshley on February 10, 2014, 09:46:42 PM

Bitstamp up 1.25% in 24 hours... what happened at Gox again? Lol. Roll Eyes

This has been one of the most glorious flash-crash days I have experienced.

And the most profitable for some. I can't believe it crashed so hard and recovered for a net gain today

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Bitstamp up 1.25% in 24 hours... what happened at Gox again? Lol. Roll Eyes

This has been one of the most glorious flash-crash days I have experienced.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: JorgeStolfi on February 10, 2014, 09:39:08 PM

Quote from: spooderman on February 10, 2014, 09:16:06 PM

they're not insolvent I wish everyone would stop going on about this. How could you actually fail that hard? They make more than half a percent on many of their transactions. They have a workable business model (when it works - it works!) If they genuinely don't have the cash I have no idea how they could have lost it.

I can think of at least five ways:

1. They were hacked and tons of their bitcoins were stolen.
2. The police seized a large chunk of their assets as part of crackdown on criminal use of bitcoins.
3. They wasted a fortune buying bitcoins at 10-20% above market.
4. They sold the clients' bitcoins at 100 USD to invest, price rose to 700 and they could not buy them back.
5. They reformatted the hard drive that had the only copy of their private keys.

And there are surely many more. The immagination of incompetent managers is amazing.

Even if they were so foolish, life will go on without Gox. Just look at the price difference now.

So, when are you buying in? Cool

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: HairyMaclairy on February 10, 2014, 09:38:06 PM

All rallies are low volume. But yes I am going 708 BSP wtf. This is too high too fast IMHO.

I think this is a combination of 2 things.

1. Fresh fiat. People saw the crash end of last week and sent money to Bitstamp, which is more and more and more the "go-to" exchange. I think there are some real buyers here and more than normal with the potential to catch some cheaper coins.

2. Short covering. People have been shorting the market like crazy. Almost nothing can make a market pop fast than a short squeeze, which is basically like an upside down crash.

podyx

legendary

Activity: 2338

Merit: 1035

bears be like:

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: gizmoh on February 10, 2014, 03:54:05 PM

Quote from: Equus on February 10, 2014, 03:49:46 PM

Quote from: indiemax on February 10, 2014, 03:20:24 PM

Quote from: EuroTrash on February 10, 2014, 03:09:30 PM

Quote from: gimme_bottles on February 10, 2014, 03:01:58 PM

Quote from: ?? on ??

anybody else is unable to withdraw BTC from btc-e?

Is this real life?

Is this just fantasy?

Caught in a landslide, No escape from reality.

Open your eyes
Look up to the skies and see........GOX turned everyone over

I'm just a poor boy ... again now that Gox has my coins.

Easy come easy go, little high little low. Anyway the wind blows, nothing really matters to Gox.

Mama, Gox just killed us all...
Put a gun against our heads, pulled their trigger now we're dead.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: spooderman on February 10, 2014, 09:16:06 PM

they're not insolvent I wish everyone would stop going on about this. How could you actually fail that hard? They make more than half a percent on many of their transactions. They have a workable business model (when it works - it works!) If they genuinely don't have the cash I have no idea how they could have lost it.

I can think of at least five ways:

1. They were hacked and tons of their bitcoins were stolen.
2. The police seized a large chunk of their assets as part of crackdown on criminal use of bitcoins.
3. They wasted a fortune buying bitcoins at 10-20% above market.
4. They sold the clients' bitcoins at 100 USD to invest, price rose to 700 and they could not buy them back.
5. They reformatted the hard drive that had the only copy of their private keys.

And there are surely many more. The imagination of incompetent managers is amazing.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

All rallies are low volume. But yes I am going 708 BSP wtf. This is too high too fast IMHO.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Vigil

sr. member

Activity: 378

Merit: 250

Gox is 502ing

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote from: spooderman on February 10, 2014, 09:16:06 PM

How could you actually fail that hard?

We could start a list?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: podyx on February 10, 2014, 09:22:29 PM

low bidside makes me kinda think its a bulltrap

That's what it always looks like when the market goes up fast, organically. Waves undermining a cliff, with slowly rising tide. It doesn't get serious until 720.

podyx

legendary

Activity: 2338

Merit: 1035

low bidside makes me kinda think its a bulltrap

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: adamstgBit on February 10, 2014, 09:15:27 PM

http://www.youtube.com/watch?v=6lutNECOZFw

loling hard

spooderman

legendary

Activity: 1680

Merit: 1045

they're not insolvent I wish everyone would stop going on about this. How could you actually fail that hard? They make more than half a percent on many of their transactions. They have a workable business model (when it works - it works!) If they genuinely don't have the cash I have no idea how they could have lost it.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Being in the position MtGox has been in for years the word retarded doesn't begin to describe how idiotic it is for them to become insolvent. They were in a position to basically print money with almost no risk ...

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29833. (Read 26710737 times)