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never a dull moment
their no way bitcoin is worth less then 10K each....
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33053. (Read 26497304 times)
June 20, 2013, 11:01:09 PM
June 20, 2013, 11:00:04 PM
Meanwhile, Bitstamp is back to sub $100.
June 20, 2013, 10:59:30 PM
Neither do I when you consider no other exchange has any USD liquidity that can absorb a 5000 coin sell off.
But you could at least move the Bitcoin back to your own wallet for now.
Rather than something happens to mtgox, and all the money got frozen in there.
June 20, 2013, 10:56:18 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
Neither do I when you consider no other exchange has any USD liquidity that can absorb a 5000 coin sell off.
June 20, 2013, 10:55:50 PM
June 20, 2013, 10:51:33 PM
June 20, 2013, 10:50:17 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
June 20, 2013, 10:47:11 PM
(...) and moving the bitcoin to other US wire friendly exchange instead.
Which is...?
(2500 BTC could easily crash the price at Bistamp... or pretty much any exchange.)
June 20, 2013, 10:46:02 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
June 20, 2013, 10:44:07 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. June 20, 2013, 10:43:19 PM
Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
do it! and then wait 5 business days b4 selling
Wait for the panic buy to stop? No thanks!
June 20, 2013, 10:42:32 PM
Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
do it! and then wait 5 business days b4 selling
June 20, 2013, 10:42:26 PM
Some big impatient big buy at $115 .. weird.
June 20, 2013, 10:41:10 PM
Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
June 20, 2013, 10:41:06 PM
What is going on at mtgox? 
June 20, 2013, 10:40:54 PM
Finally some good action. 
June 20, 2013, 10:40:34 PM
ding ding ding!
June 20, 2013, 10:40:22 PM
See ya later bitstamp.
June 20, 2013, 10:40:15 PM
More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
If they believe:
1) That MtGox is in trouble and that their MTGox USD will become worthless or only a few cents on the dollar
2) That (1) above will cause the BTC / USD exchange rate to plunge.
Then it makes a lot of sense to take up to a 20% loss by buying on MTGox and then selling on BitStamp.
June 20, 2013, 10:39:26 PM
More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
"Money I can't afford to lose" aside, I wouldn't even risk "money i don't want to lose" by holding cash at Gox. Gox has never release their strategy for holding cash. We have no idea if it includes segregated accounts or how much has been frozen in the US bank seizure. Taking a 20% loss now is much better then taking a 100% loss tomorrow.
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