Topic: Who is the dumper on mtgox ? (Read 6244 times)
I think it's Mark. Gox is so dead that he has nothing to lose now if he takes the money & runs. Who else is selling at under $350?
Everybody should be an option in the poll.
Interesting. If I trusted that site I'd definitely do it lol. (I have GoxBTC 
)
)How much would you want for your goxbtc? I might buy some from you for the right price, and we can use some third party escrow.
a goxbtc is a btc that is trapped in mt.gox, one that they aren't letting people withdraw from mt.gox. Internal btc transfers still work between users on mt.gox, so people are selling them off the exchange & getting better prices. There's even a website set up to automate it, https://bitcoinbuilder.com/
How does it work exactly? I mean it sounds nuts. Why would anyone pay .7BTC for a goxBTC?
I can buy a GoxBTC for .5BTC.
Because deposits take some time to get in, so they can't buy the cheap btc on gox directly, it's the only way to buy in. You're right though, you can buy elsewhere & possibly get better prices.
Interesting. If I trusted that site I'd definitely do it lol. (I have GoxBTC
) a goxbtc is a btc that is trapped in mt.gox, one that they aren't letting people withdraw from mt.gox. Internal btc transfers still work between users on mt.gox, so people are selling them off the exchange & getting better prices. There's even a website set up to automate it, https://bitcoinbuilder.com/
How does it work exactly? I mean it sounds nuts. Why would anyone pay .7BTC for a goxBTC?
I can buy a GoxBTC for .5BTC.
Because deposits take some time to get in, so they can't buy the cheap btc on gox directly, it's the only way to buy in. You're right though, you can buy elsewhere & possibly get better prices.
a goxbtc is a btc that is trapped in mt.gox, one that they aren't letting people withdraw from mt.gox. Internal btc transfers still work between users on mt.gox, so people are selling them off the exchange & getting better prices. There's even a website set up to automate it, https://bitcoinbuilder.com/
How does it work exactly? I mean it sounds nuts. Why would anyone pay .7BTC for a goxBTC?
I can buy a GoxBTC for .5BTC.
I dont follow. What is a "Goxbtc"?
And if withdrawals dont work, how could anyone buy them?
And what deposits? Deposits to gox work. Withdrawals dont.
The press release wont come or it will say they are delaying withdrawals, 99% chance of that at least.
And if withdrawals dont work, how could anyone buy them?
And what deposits? Deposits to gox work. Withdrawals dont.
The press release wont come or it will say they are delaying withdrawals, 99% chance of that at least.
A goxbtc is a btc that is trapped in mt.gox, one that they aren't letting people withdraw from mt.gox. Internal btc transfers still work between users on mt.gox, so people are selling them off the exchange & getting better prices than they would selling on mtgox. There's even a website set up to automate it, https://bitcoinbuilder.com/ So we have new currency pairs to trade now, since they stopped withdrawals, goxbtc has disjointed from btc. there's goxbtc/usd, btc/usd & goxbtc/btc
VOTED for. 3th option.
I dont follow. What is a "Goxbtc"?
And if withdrawals dont work, how could anyone buy them?
And what deposits? Deposits to gox work. Withdrawals dont.
The press release wont come or it will say they are delaying withdrawals, 99% chance of that at least.
And if withdrawals dont work, how could anyone buy them?
And what deposits? Deposits to gox work. Withdrawals dont.
The press release wont come or it will say they are delaying withdrawals, 99% chance of that at least.
Quote from: wbaw link= 
>:(topic=468713.msg5192594#msg5192594 date=1392617186
>:(topic=468713.msg5192594#msg5192594 date=1392617186Not many people are panicking though, it's not really fallen that much on other exchanges, surely a widespread panic would be more widespread? Goxbtc are trading higher on bitcoinbuilder than on gox.
It is looking very suspicious now though, we've had Monday in Japan, some money should have gone in, out of control bots should have run out of funds or been stopped, I can't think of many excuses why it hasn't recovered on gox. Will have to see what they say & do.
It is looking very suspicious now though, we've had Monday in Japan, some money should have gone in, out of control bots should have run out of funds or been stopped, I can't think of many excuses why it hasn't recovered on gox. Will have to see what they say & do.
Why on earth would you expect a Gox-only problem to cause panic elsewhere...? A disconnect of this scale is clearly impossible without one exchange having major issues, being (mostly) ignored by the others.
It hasnt recovered because... wait for it...
NO ONE IS BUYING.
Whu'dha thunk it?
These mythical bots and manipulators have stopped dumping. And the price hasnt recovered. Its almost like its the agreed upon price @ gox.
Haha, who am I kidding. Its clearly an extremely wealthy manipulator selling all his BTC well below market value. He's gon' get so rich doing that.
People are buying goxbtc off exchange & they're paying more than on gox. It's been all day Monday in Japan, have they let any deposits in yet? Where's the press release?
Quote from: wbaw link= >:(topic=468713.msg5192594#msg5192594 date=1392617186
>:(topic=468713.msg5192594#msg5192594 date=1392617186Not many people are panicking though, it's not really fallen that much on other exchanges, surely a widespread panic would be more widespread? Goxbtc are trading higher on bitcoinbuilder than on gox.
It is looking very suspicious now though, we've had Monday in Japan, some money should have gone in, out of control bots should have run out of funds or been stopped, I can't think of many excuses why it hasn't recovered on gox. Will have to see what they say & do.
It is looking very suspicious now though, we've had Monday in Japan, some money should have gone in, out of control bots should have run out of funds or been stopped, I can't think of many excuses why it hasn't recovered on gox. Will have to see what they say & do.
Why on earth would you expect a Gox-only problem to cause panic elsewhere...? A disconnect of this scale is clearly impossible without one exchange having major issues, being (mostly) ignored by the others.
It hasnt recovered because... wait for it...
NO ONE IS BUYING.
Whu'dha thunk it?
These mythical bots and manipulators have stopped dumping. And the price hasnt recovered. Its almost like its the agreed upon price @ gox.
Haha, who am I kidding. Its clearly an extremely wealthy manipulator selling all his BTC well below market value. He's gon' get so rich doing that.
Not many people are panicking though, it's not really fallen that much on other exchanges, surely a widespread panic would be more widespread? Goxbtc are trading higher on bitcoinbuilder than on gox.
It is looking very suspicious now though, we've had Monday in Japan, some money should have gone in, out of control bots should have run out of funds or been stopped, I can't think of many excuses why it hasn't recovered on gox. Will have to see what they say & do.
It is looking very suspicious now though, we've had Monday in Japan, some money should have gone in, out of control bots should have run out of funds or been stopped, I can't think of many excuses why it hasn't recovered on gox. Will have to see what they say & do.
You guys are so full of it. Why is it a conspiracy? Its simply people panicking. If it were manipulated, guess what would happen to all of those Gox asks? They'd be gone. All the way to $500.
The only explanation that makes sense: the Gox sellers are accounts which were used to fraudulently withdraw BTC using malleability attacks, and they know those balances will be invalid once Gox gets its shit together. So may as well maximize the panic to potentially buy cheap coins on other exchanges
Hmm, I never thought about this possibility, but it makes sense. Nice work!
efarah, your post is a good contrarian indicator.
Just 2 weeks ago there were over 30 million $ on the bid sum. Now it's below 5 million, but not much has left MtGox.
After the panic subsides, most of that fiat will be back, buying cheap bitcoins.
Indeed. Remember that USD cannot flee the exchange … Gee, I wonder what will happen should BTC withdrawals come back. Just 2 weeks ago there were over 30 million $ on the bid sum. Now it's below 5 million, but not much has left MtGox.
After the panic subsides, most of that fiat will be back, buying cheap bitcoins.
It can go out as EUR or JPY.
You will never empty the exchange with the current state of withdrawal methods in less than say a year.
The only explanation that makes sense: the Gox sellers are accounts which were used to fraudulently withdraw BTC using malleability attacks, and they know those balances will be invalid once Gox gets its shit together. So may as well maximize the panic to potentially buy cheap coins on other exchanges
efarah, your post is a good contrarian indicator.
Just 2 weeks ago there were over 30 million $ on the bid sum. Now it's below 5 million, but not much has left MtGox.
After the panic subsides, most of that fiat will be back, buying cheap bitcoins.
Indeed. Remember that USD cannot flee the exchange … Gee, I wonder what will happen should BTC withdrawals come back. Just 2 weeks ago there were over 30 million $ on the bid sum. Now it's below 5 million, but not much has left MtGox.
After the panic subsides, most of that fiat will be back, buying cheap bitcoins.
It can go out as EUR or JPY.
Another possible option is somebody had a huge bet based on the goxbtc price at some derivative market & gained more from shorting than they lost tanking the price.
Shrewd thinking. But who would be dumb enough to take the opposite end of such a contract when such an unfavourable outcome could be so easily manipulated by the right/wrong sort of people?
Most people expected the Gox price to go up without realising how easily manipulated it was. Nobody could get new fiat in to buy over the weekend & most people were probably all in on goxbtc so couldn't buy any more on the exchange.
I still think mad robots though, otherwise why the big buy at the start? Maybe the shorter set the robots off too?
Maybe it was pure accident with quite a lot of badly programmed robots that reacted badly to the big buy & caused some feedback loop with nobody able to buy & stop it.
I think it is all about relevance at this point of Gox to BTC.A more relevant exchange needs to take over.
I voted manipulator. Before the dumps there was a spike from 380$ to 540$, probably
the manipulator bought his own coins, and then sold them to create downward momentum.
MtGox should have stopped the trading after seeing this unnatural market movement,
and then resume trading only after withdrawals would resume.
the manipulator bought his own coins, and then sold them to create downward momentum.
MtGox should have stopped the trading after seeing this unnatural market movement,
and then resume trading only after withdrawals would resume.
lolwut.
Im sure all of the asks and independent buys up to 540 were the same guy, and all his coins.
If he wanted downward momentum, he would have just sold them.
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