Bitcoin Forum

Economy => Speculation => Topic started by: btcprice on November 18, 2013, 06:52:18 AM



Title: 600 taken out at Mt. Gox!
Post by: btcprice on November 18, 2013, 06:52:18 AM
Who would have thought we would have seen 500 AND 600 both exceeded within one day? The day started out at 485. When will we see 1000?

We live in interesting times.


Title: Re: 600 taken out at Mt. Gox!
Post by: jasonjm on November 18, 2013, 06:59:26 AM
no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.


Title: Re: 600 taken out at Mt. Gox!
Post by: eindbaas on November 18, 2013, 07:01:33 AM
time to drop the bomb fella's


Title: Re: 600 taken out at Mt. Gox!
Post by: Davyd05 on November 18, 2013, 07:02:31 AM
no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.
quite normal when it's pre-adoption and still cutting edge, witha populace yet to fully grasp of its utility and application purposes.

Still here people discussing it being used...mainly as a drug barter tool lol... tell that to probably 1 trillion usd floating around the cartels and terrorists.

hell if we could reach that market share bitcoins are currently hugely undervalued.


Title: Re: 600 taken out at Mt. Gox!
Post by: bitcon on November 18, 2013, 07:46:20 AM
at this rate 1000 by thanksgiving.


Title: Re: 600 taken out at Mt. Gox!
Post by: Paladin69 on November 18, 2013, 08:11:40 AM
What the hell is going on?  Somebody is manipulating the hell out of this.


Title: Re: 600 taken out at Mt. Gox!
Post by: gjgjg on November 18, 2013, 08:21:17 AM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious


Title: Re: 600 taken out at Mt. Gox!
Post by: SgtSpike on November 18, 2013, 08:22:57 AM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.


Title: Re: 600 taken out at Mt. Gox!
Post by: bitcon on November 18, 2013, 08:38:48 AM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.


Title: Re: 600 taken out at Mt. Gox!
Post by: bitbob82 on November 18, 2013, 08:40:28 AM
why does it have to go up so fast? i cannot sleep, please stop a while and rest


Title: Re: 600 taken out at Mt. Gox!
Post by: gjgjg on November 18, 2013, 08:40:52 AM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

hope so, or the big financial players are using gox and they have a heads up on the hearings today!
last thing i want to see is waking up to a bitstamp hack or similar.
also...if i just move my coins to gox ill get 70$ profit per coin. shame the withdraw time is slow :P


Title: Re: 600 taken out at Mt. Gox!
Post by: sickpig on November 18, 2013, 08:41:58 AM
why does it have to go up so fast? i cannot sleep, please stop a while and rest

place a stop loss order and go to bed :P



Title: Re: 600 taken out at Mt. Gox!
Post by: sickpig on November 18, 2013, 08:43:10 AM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

now @BTCChina: $652.21/ ¥3977


Title: Re: 600 taken out at Mt. Gox!
Post by: Rupture on November 18, 2013, 08:46:59 AM
It's climbing too fast, there has to be a correction soon...


Title: Re: 600 taken out at Mt. Gox!
Post by: cambda on November 18, 2013, 08:47:46 AM
no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

The fast price rise doesnt smell right, seems we will see correction very soon. But how low, that is a question.


Title: Re: 600 taken out at Mt. Gox!
Post by: sickpig on November 18, 2013, 08:54:40 AM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

now @BTCChina: $652.21/ ¥3977

and more to the point the arbitrage between btc-e and gox is a lot smaller than the one between bitstamp and gox. maybe it's just a bstamp problem.  


Title: Re: 600 taken out at Mt. Gox!
Post by: gjgjg on November 18, 2013, 09:00:47 AM
no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

The fast price rise doesnt smell right, seems we will see correction very soon. But how low, that is a question.

grab an metatrader4 demo account from btc-e: shows some nice price bounce points. the current ones are at $500, then 480, 450, 440 and the biggest one at 320 (all btc-e prices). i started it last week with some basic fx graph templates; going over previous drops in price, it bounced off them very nicely. ill try post a pic...


edit: as i wrote this, the price literally just bounced off 480 on btc-e: the 'previous day low/prev week high' bounce point L0L!


Title: Re: 600 taken out at Mt. Gox!
Post by: PrymeTyme on November 18, 2013, 09:02:04 AM
time to drop the bomb fella's


it dropped.. .. time to buy !! again


Title: Re: 600 taken out at Mt. Gox!
Post by: SgtSpike on November 18, 2013, 04:21:45 PM
But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

now @BTCChina: $652.21/ ¥3977
Now $710 at BTCChina.

I'd still say China is driving this rally, and it really doesn't have much to do with Gox.


Title: Re: 600 taken out at Mt. Gox!
Post by: Mirsad on November 18, 2013, 04:32:15 PM
BTC China FTW!  ;D


Title: Re: 600 taken out at Mt. Gox!
Post by: mootinator on November 18, 2013, 04:43:18 PM
no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

The fast price rise doesnt smell right, seems we will see correction very soon. But how low, that is a question.

That's what I thought when the price went from $20-$50.

Maybe we'll see it pause for a few days, rocket up to $2600, then crash to $1300 then settle toward $1000 for a few months before increasing tenfold again. Hah. :D


Title: Re: 600 taken out at Mt. Gox!
Post by: talnted on November 18, 2013, 04:47:15 PM
Unfortunately its looking more and more like a bubble..


Title: Re: 600 taken out at Mt. Gox!
Post by: GigaCoin on November 18, 2013, 04:59:23 PM
Who would have thought we would have seen 500 AND 600 both exceeded within one day? The day started out at 485. When will we see 1000?

We live in interesting times.

unfortunately Gox is losing or has lost it's reputation due to withdrawal delays (some have been waiting 4 months) , and now according to their FB page they started delaying BTC withdrawals, that ain't good at all!


Title: Re: 600 taken out at Mt. Gox!
Post by: YoYa on November 18, 2013, 05:07:16 PM
Who would have thought we would have seen 500 AND 600 both exceeded within one day? The day started out at 485. When will we see 1000?

We live in interesting times.

unfortunately Gox is losing or has lost it's reputation due to withdrawal delays (some have been waiting 4 months) , and now according to their FB page they started delaying BTC withdrawals, that ain't good at all!

FUD!

Quote
MtGox shared a link.
5 August

BTC withdrawals are fine and no surprise the USD withdraws are tricky.


Title: Re: 600 taken out at Mt. Gox!
Post by: btcprice on November 18, 2013, 05:45:18 PM
Are we going to have problems selling our bitcoins at Coinbase if the bubble pops and they can't process things quickly enough?