Bitcoin Forum

Economy => Speculation => Topic started by: barrymac on August 03, 2012, 05:46:58 PM



Title: UK gone bitcoin mad!
Post by: barrymac on August 03, 2012, 05:46:58 PM
just blasted through to £9 , like 23% over the mtgox value!


Title: Re: UK gone bitcoin mad!
Post by: Serge on August 03, 2012, 05:48:56 PM
the race is on. not even pirate can stop it


Title: Re: UK gone bitcoin mad!
Post by: cypherdoc on August 03, 2012, 05:51:10 PM
Gold anyone? :P


Title: Re: UK gone bitcoin mad!
Post by: subpardave on August 03, 2012, 05:52:25 PM
May be related to intersango funds finally cleaning.
People now have the choice - leave their money in Intersango, request a withdrawal, or convert it to BTC and move fast.


Title: Re: UK gone bitcoin mad!
Post by: byronbb on August 03, 2012, 05:55:33 PM
Wow big arbitrage op.


Title: Re: UK gone bitcoin mad!
Post by: barrymac on August 03, 2012, 05:58:16 PM
May be related to intersango funds finally cleaning.
People now have the choice - leave their money in Intersango, request a withdrawal, or convert it to BTC and move fast.


Was wondering about something like that, can you post a reference ?


Title: Re: UK gone bitcoin mad!
Post by: subpardave on August 03, 2012, 06:02:06 PM
May be related to intersango funds finally cleaning.
People now have the choice - leave their money in Intersango, request a withdrawal, or convert it to BTC and move fast.


Was wondering about something like that, can you post a reference ?

My own deposit just cleared this afternoon - and on their IRC channel there was a statement made that now deposits should start to catch up fast.
Makes sense - suddenly a ton of fiat gets into the exchange - only ways out being BTC or withdrawal. Withdrawl being slower.

Notice the volume of sell orders on intersango vs buyers.
https://intersango.com/orderbook.php


Title: Re: UK gone bitcoin mad!
Post by: epetroel on August 03, 2012, 06:52:22 PM
May be related to intersango funds finally cleaning.
People now have the choice - leave their money in Intersango, request a withdrawal, or convert it to BTC and move fast.


Was wondering about something like that, can you post a reference ?

My own deposit just cleared this afternoon - and on their IRC channel there was a statement made that now deposits should start to catch up fast.
Makes sense - suddenly a ton of fiat gets into the exchange - only ways out being BTC or withdrawal. Withdrawl being slower.

Notice the volume of sell orders on intersango vs buyers.
https://intersango.com/orderbook.php

To be fair, it seems like there's always an absence of sellers in the Intersango GBP market.

However, I wouldn't be surprised if people are rushing for the exits there.  I know I've been very careful about how much money & coins I allow to accumulate there lately.  Even if Intersango is a separate entity from Bitcoinica, any legal action (especially criminal) against Donald, Patrick & Amir is sure to negatively affect the operations of Intersango.  Also, given how Donald & Patrick caved in and gave up after the Bitcoinica fiasco and refuse to offer any further support or communication, it makes me wonder why the same thing couldn't happen with Intersango.



Title: Re: UK gone bitcoin mad!
Post by: Spekulatius on August 03, 2012, 07:02:52 PM
.. because "it is managed by real sysadmins and was never hacked" lol