It aint over til its over  Still waiting for my $700 from buttcoinica. |
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click to enlargifyI couldn't find any charts that showed the price action with gox first then stamp so I put together this composite. It's hand scaled so might be out by the odd pixel. Gox is greyed behind, Bitstamp is in front in colour. There was that clear range that gox had been trending in, coincidentally, that held even whilst they were imploding. You can see the initial gox premium, and how it pretty much disappeared overnight at the end of January, than as everyone is familiar with by now the huge divergence. If we use the trading range initially defined by the gox price, and consider stamp going forward, seems there is still room for a move to just under $100. However since then people have suggested a more optimistic trading range, something like the one in purple, which has held so far as stamp is concerned. This would suggest the bottom is either in, or is coming soon. I don't really have an opinion on this, thought it was an interesting recap of where we've been. I've bought a little back on stamp recently. I took a punt on gox, which looks a bit shaky at the moment to say the least. Just HODLing as usual. The longer the price holds up on stamp et-al the more it feels like this bear market is going to blow over as it has done before. That's not to say we'll ever get another of the crazy run-ups, but if that (purple) trading range holds, then really who needs it!!! |
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The assumption is, the price would be crashed so wall st can load up on BTC. Maybe the price is being 'crashed' so that wall st can load up on GOX itself. They saw who was running it they saw it was flaky. The fucked with his exchange until he got scared. Now Mark is the one that has finally capitulated and given in and sold gox for pennies on the bitcoin. That would be how wall st does it  |
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omg who sends funds to an exchange that has halted withdrawals?
SURPRISE  |
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its been a while, and I for one have very much missed being zhoutonged.
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You win some you lose some, don't blame the market for acting in a way you think isn't logical, it's a natural system and like anything else in nature you don't get to tell it what to do. Try and it will chew you the fuck up and spit you out.
U as much as anyone else must know that Bitcoiners are overly starry eyed about their little lines of computer code that consist of the digits in their wallets. Have a look back over practically every bear v bull poll on this forum since Jan 2014. Bulls outvote bears every single time by a large amount, yet the market keeps sliding down the way. This proves the old market adage of the majority of investors tend to lose money. This is because the majority are stupid, especially in Bitcoin. In this sense, it is no surprise at all that capital has piled into MtGox in order to take advantage of 'cheap coins'. Now we even have a secondary market where some dude (I presume) is willing to pay ~50% of the Bitstamp rate for Goxcoin.....which may be the reason for the Gox price being pulled back up to ~50% of normal BTC price. To me, the very best that can happen is that MtGox allows limited withdrawals....but this is the very most positive imaginable outcome. More likely is that they are insolvent are slowly drowning, but buying time to organise themselves and fill their pockets as much as they can before the curtains come down on MtGox once and for all. In this light people pouring capital into Gox is sheer insanity. My brother did once make a small fortune buying into crashing bank markets around 2007.....but he done so in belief that Governments would bail the banks out. Who is gonna bail Gox out? Has Karpeles made up Gox's shortfall enough by crashing his own market and arbing the fk out of cheap coins by taking them over to Bitstamp? Is he going to bail Gox out with his ill gotten gains? The only healthy attitude of any trader in market other than an out and out bull-run, is to harbour a healthy disdain towards human stupidity and profit from it. That is how it is. Financial markets are nasty places. TERA has perhaps slipped up (as I would have also), by underestimating precisely how stupid and irrational this particular market is capable of behaving. Problem with Bitcoiners is that they can behave so dumb, that you have to pinch your arm to remind yourself that it's real. Most sensible people would have trouble bringing themselves to trade on the premises of a market behaving as dumb as the Bitcoin market can do and this in itself can be frustrating. That is all. I'm going to run with that last point you made. For the longest time, people haven't been able to get fiat out of gox. Now people can't get BTC out of gox. Why did people on gox keep selling BTC right down to 1/5th of the price everywhere else? They can't get the fiat out. So why sell? My opinion is that this is a perfect example of the 'stupid and irrational' that you are talking about. That's where opportunity lies. I'm not going to pass on that chance. The fact that the resident trolls are all coming out of the woodwork to make vitriolic posts that merely reveal a deep sense of self-loathing. That's another great indicator. You do well to be cautious shorting now. There could be opportunity sure, and if you make some money doing so, then good on you. I hope you don't lose. That's the difference between me and people like revans. I don't need everyone else to lose to make myself feel better. |
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solid post. you win 2 BTCents! |
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{FURTHER REASONING TO ESTABLISH THAT SAID REFUSAL MAKES ME THE MAN}
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{CAPITULATION AND BLAMING OF ALL AROUND FOR OWN FAILURE}
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{SUDDEN U-TURN BASED ON FLAKY NEWS SOURCE}
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Why do people here bet with eachother instead of betting with the market?
You have a good point, it would probably be easier getting money out of gox than getting it out of OP |
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Major buys incoming on Gox. Mark my words. $400 is coming fast!
I've been watching markets for 43% of my adult life. Japan just went to sleep so they can't sell right now so the market is going up. No sell volume.
Oh, and I will accept any bet of 500 btc that Gox doesn't open withdrawals in next 15 minutes. I have 1500 btc to bet.
ACCEPTED UNLESS I LOSE Shake. Accepted. {PRE-EMPTIVE POST AS TO WHY BET IS INVALID IN LOSS SCENARIO} |
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Major buys incoming on Gox. Mark my words. $400 is coming fast!
I've been watching markets for 43% of my adult life. Japan just went to sleep so they can't sell right now so the market is going up. No sell volume.
Oh, and I will accept any bet of 500 btc that Gox doesn't open withdrawals in next 15 minutes. I have 1500 btc to bet.
ACCEPTED UNLESS I LOSE |
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if he suggested in a bloom burg interview, why not link to the original source instead of some no-name aggregator... |
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you guy forget 2 Things. First of all he only said that Paypal is able to use multiple Currencys not that paypall is planing to implement anything. And 2nd just look at the Paypall AGB then you see Paypal dont allow to buy bitcoins with Paypal. Why should Paypal change that? That makes no sense. The only reason to hold this dream up is that he has not sayd "We dont want Bitcoin to kill Paypal, so we dont stop fighting agains Bitcoin."
There will be a time for Bitcoin to get in this markets but thats somewhere in the future and not now.
http://www.wired.com/wiredenterprise/2014/01/paypal_bitcoin/ |
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biafore - you've just gone and embarrassed yourself on the internet.
I'm so embarrassed, I better delete my account or my reputation will be ruined  nah everyone in the playground will still think your cool and hard because you troll grown ups on the internet |
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? Of course I admit.
Because you didn't propose to use ESCROW and never mentioned anything about it.
Don't play the fool.
Why did you even send me a PM and told me, that you could send my btc to a GOX account?
0.5 BTC are lousy 50 Gox USD worth...
You never PM me back accepting the bet, as I would have only done it via escrow, you simple accepted it via a thread that was numerous pages long that I didnt even start! and was logged out of when you posted You are so full of crap its embarrassing. Escrow is not mandatory. If you are the person that *made* the bet then of course you accept it. If somebody take you up on that bet, and wins you don't come on the internet arguing like small child about how its not fair, you pay up. You are posting utter crap to try anything to wriggle out of it. You are exactly what is wrong with the world today. Pathetic. |
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Mt.Gox is on the rise Just passed $169. Next stop 500+ you heard it first
Please pay your 0.5btc debt. You have my btc address. This. Thirdeded |
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wheres the option for:
much ado about nothing. withdrawals resume. business as usual.
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