500 walls? wake me up when there is a 5,000 wall.
Indeed , 500 walls... where? I don't see anything that is a close to a garden fence  Who said walls? Just a few sizable bids was what was said... |
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A few fairly sizable bids proping the price up on Fenix, doesn't look like they're getting pulled.
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Oh nice, a dump @super early EU time, waking up late to the party, now figuring out wtf is going on
I know its the worst, I'm sure 80% of the big moves happen at about 4:00 GMT while I'm asleep  |
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With the west so bored of China FUD (only a $50 drop on what you would consider big news) while Huobi decides what its wants to do Stamp could take the lead again and drag this straigh back up.
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Without positive news on mtgox front, adoption will slowly fade and bitcoin value will drop to single digit. Only savegox or similar proposal and the discovery of what really happened at mtgox can save bitcoin and resume its run to $10K-$100K
Yeah cause mtgox = Bitcoin. ZZZ get some new FUD. |
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The asks havent really filled in so I wouldnt be suprised to see this go shooting back up with a couple of big buys.
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Let me guess before I start reading 50+ pages... China again?
yes China give us back our freedom after 10 May No. Huobi will find a different way to accept deposits which will be maybe banned after a few weeks including a new deadline. Of course. The article that I read seems to just straight up ban all things to do with Bitcoin transactions involving the banks or payment processors including the withdrawal of funds. Theres no way for them to accept deposits, surely even Bitcoin ATM vendors shouldnt be allowed to be in business as they are payment processors but even if they get around that they get caught up in the not being able to deal in fund recharge or withdrawal. |
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We have new rates!
Hero Member - 0.0012BTC Per constructive post
Senior Member - 0.001BTC Per constructive post
Full Member - 0.0006BTC Per consutrctive post
Member - 0.0004BTC per constructive post
Jr. Member - Not allowed
This has once again set the bar.
Looks like Prime Dice is paying higher again is Ritz planning on staying the highest paid? |
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When to start buying is my only question. I can't see the price going down too much fundamentally this is just people making profits again by adding to the panic. Fact is deposits have been stopped so there was no way to get money in but there was a way to get it out. That was bad for BTC prices but now that theres no way to get it out that should balance it out.
Before we were saying that the real issue with China stopping deposits was that there would be no fresh liquidity entering the market but now there will be no old liquidity leaving it either so that should have a slightly positive effect.
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But when gox halted fiat withdrawals the price went up |
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So funny, the bears have come out of hiding with their I told you so's the same people who have been quiet for the last few days.
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Good luck trying to buy 10k btc off exchange, you tried to buy 1k of them like that? well than keep your fingers off my posts trying to make things easier for me, you don't need to do it, for me, it has always been easy, and don't feel like a finance markets proffessor.
Yes you can buy 10k off exchange if you know the right people. There are people on this forum who have connections and are consultants for exactly these sorts of buys. So you trust more some forum guys than exchange? good luck surviving with announcment to those guys that you have 5mill$ in your pocket More some forum guys? Theres people on this forum who are public figures and many of them do deals off exchanges. Its okay I dont need to argue with you its not the point of the thread but buying large amounts of coins off exchange happens whether you want to believe it or not. |
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Total bidsum on stamp has gone from $9.5mm to $12mm in the last day or so, first time since it hasnt been decreasing in a while.
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Good luck trying to buy 10k btc off exchange, you tried to buy 1k of them like that? well than keep your fingers off my posts trying to make things easier for me, you don't need to do it, for me, it has always been easy, and don't feel like a finance markets proffessor.
Yes you can buy 10k off exchange if you know the right people. There are people on this forum who have connections and are consultants for exactly these sorts of buys. |
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I can find you some threads that demonstrate that was the approximate exchange rate during that period.
Hey, my goal was just to make some salutary fun of price extrapolations. Frankly, I have no idea what the price will be next year. AFAIK, the only model that has some claim to statistical legitimacy is the log-Brownian (or geometric-Brownian) model, which gives a very broad probability distribution, having 50% chance above today's price, 50% below, for any future date. It was only an offer Prof  |
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It said the company is liquidating, meaning it will lose all its assets, but I cannot find anywhere that it says it is liquidating its Bitcoins into fiat, it even contains questions regarding the release of Bitcoins to customers. One of us is misreading this and I read it twice (though it is boring and I may have missed something). All it seems to say is Mt. Gox as a company will not come back, it may be bought out by the proper buyer although they think finding such a buyer will be difficult, and the balances shown on the website only reflect the Bitcoin balances before the alleged hack the real balances are unknown. Am I missing something, it seems there is zero evidence of this claim, yet people are still discussing it. What gives? Could you direct me to the part of the doc that discusses releasing Bitcoins to customers? The closest thing to that in the doc is that liquidity distribution will take place IF funds are secured. In other words after all is said and done there's still a chance that creditors get nothing back. Plus is says that the bankruptcy trustee will consider distribution. Liquidating Distribution: Q. Will there be any liquidating distributionto the creditors? How will it be conducted? A. The bankruptcy trustee will consider these matters as the bankruptcy proceedings progress. While I agree saying that they were definately liquidating coins was hasty (This was posted after just the first read through) the discussion has moved more from will or won't they liquidate them to how would this affect the market. This is the most ambiguous part though Q. Please return the bitcoins and cash that I deposited with the Company. A. We will make the liquidating distribution to the bankruptcy claims if funds for distribution are secured. With regard to the liquidating distribution under the bankruptcy proceedings,please see below. Why would they say if funds are secured? They know that the company has BTC secured so why no mention of this? |
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They are not that stupid to dump 200k BTC. They will be selling them slow, maybe 5k per day, so don't worry too much on price effect of dumping. Another effect is higher supply of BTC, which can lead to lower price yes, another thing is higher trust in BTC since something happened around Mt.Gox, which in the end is getting price to rise. So net effect is hardly predictible, but it may even cause higher price.
A few things; They will not be selling them like that, its not how liquidations of assets go. However if they were to sell them on exchange it would definately have an effect on price, the volume on some days recently has been less than 5k! Also Can you clarify exactly what "another thing is higher trust in BTC since something happened around Mt.Gox" means. Where do you think you can sell 200k BTC? in local mcdonalds? about higher trust:compare global public image of mtgox before they announced they have 200.000 btc and are willing to repay, and after No they would be sold at auction likely in lots. I don't think you really understand what your talking about, there are plenty of people who are looking to buy large amounts of bitcoins off exchange for a number of reasons. Ill keep it simple for you and not go into all the reasons but try this one; If I wanted to buy 10k BTC what do you think the price would go up to on exchange if I tried to that? I'll be kind and give you another; I dont really trust sending $2mm to an unregulated company how do I got about buying a large amount of BTC, yes right again off exchange. The fact that you think people trust gox because they 'found' 200k BTC even though they lost 850k plus many millions of dollars is asinine. |
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He writes that "0.005 USD" is just an arbitrary value. It seems that there is no data for 2009 -> 2010, and perhaps 300 to 400% 30000 to 40000% for 2010 -> 2011. I could try to fit a cubic polynomial to those 4 data points, but you would hate the result even more.  I can find you some threads that demonstrate that was the approximate exchange rate during that period. |
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Wanna be smart arse TA-er... ZZZ the guy hadn't even read the white paper. |
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Hey, I started planning this price prediction contest because I got 16 predictors in the preliminary round which was only open for 24 hours! To start it, I'd like to have indication of at least a few participants, so if you plan to join, please send me PM (not binding!) or drop a line in the thread itself. I have promised BTC2 or $2,000 (whichever is HIGHER at the close of the year) as a prize. Entry cost is BTC0.1. Where does the extra money go if more than 40 people enter? |
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