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There's a cool 1k+ and 500+ askwall on bitstamp & btc-e respectively. Not nearly at the levels we were used to on gox but there is a trend... The rats are leaving.
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If you are not out get ... wait what?
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Volume is starting to scare me. 10kish is ok for a weekend day, but mid-week...
During the peak in mid-April, weren't we around 200k-500kish any given day?
I blame it on the bots. Dont know what they are doing, but it has to be them. They are the only things holding us back from massive volume and $10,000 btc.
My uneducated & uninformed guess is there isn't much to do on an exchange when it's a pain getting the $$$ out.  Or in, apparently. Please tell me what kind of problem is getting $$$ in gox? Why deposit $$$ when you can deposit cheap BTC. If you are planning on withdrawing BTCBTCBTC they are cheaper on bitstamp, or btc-e, or pretty much everywhere. And if you plan on selling high, you'd be more interested in withdrawing the profits in $$$ (or at least be able to do so). So: It makes no sense whatsoever to wire gox any money at this point. |
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105 wall got cancelled
plz stop spreading fud, regardless of factual foundation. Facts are irrelevant. This is a speculative market. Thank you very much THE PRICE OF BITCOIN IS CRASHING SELL SELL SELL ~historical statement spawning butthurt.   |
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It is possible, but insider trading (gox knows how many $$$/BTC are at accounts .. invisible order book) is usually very profitable. Gox can anytime shutdown or publish information with lag ... Only very very stupid person can lose money with such a big power and access to information.
Well you said it, not me.  Pirate anyone?  |
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I speculate—this 'news' 'opinion' will matter not one iota.
I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last. Do you really think anything we say here on this forum has any effect on the market? Really? No but what people say here is a reflection of their state of mind, which on the whole does affects it a lot. |
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I speculate—this 'news' 'opinion' will matter not one iota.
I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last. |
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If you had a million dollars at risk at $4 and sold at $8... Only to buy back in at $16.
Depends on the fraction sold at this price. |
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The amount of wealth that changed hands virtually guarantees that we have a crop of market movers who are making very different decisions than those who were moving 2011-2012.
Buy, sell, wait... what will it be? |
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I think $1000 is the price a lot of people are anticipating. It's high enough that much of the 'old money' in this economy will start to rumble and awaken from their slumber. I'm not sure if the price could reach a sustainable $1000, as it is the sweet spot for a lot of people. Thoughts?
If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes And graham's number within a few seconds. |
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I am talking about withdrawals not deposits so there is no risk to the bank here since the funds are already on deposit with the bank. Assuming Mt. Gox isn't broke, that's true. It looks more and more like Mt. Gox doesn't have the money entrusted to them. They don't seem to have made significant USD payouts for seven weeks now. You know what would be hilarious? That they are broke because the went "all in" during the bubble on their own platform. I do not understand why they are transfering money from USA(Europe, ..) to Japan and back. (maybe they even transfer cache using ships) :-) Well to make the theory consistent, they might have done that only with their USD, which ironically they might need to pay for their expenses. |
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I am talking about withdrawals not deposits so there is no risk to the bank here since the funds are already on deposit with the bank. Assuming Mt. Gox isn't broke, that's true. It looks more and more like Mt. Gox doesn't have the money entrusted to them. They don't seem to have made significant USD payouts for seven weeks now. You know what would be hilarious? That they are broke because the went "all in" during the bubble on their own platform. I think that's called "dogfooding"  It sure does.  |
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I am talking about withdrawals not deposits so there is no risk to the bank here since the funds are already on deposit with the bank. Assuming Mt. Gox isn't broke, that's true. It looks more and more like Mt. Gox doesn't have the money entrusted to them. They don't seem to have made significant USD payouts for seven weeks now. You know what would be hilarious? That they are broke because the went "all in" during the bubble on their own platform. |
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Bitcoins are really like new gaming consoles, or the occulus rift, or google glass.
People who have nothing to do with them get them and sell them to suckers who desperately want them because it's trendy.
Explain how people will do things like using Silk Road and bypassing Western Union when sending money without a cryptocurrency. I haven't said there is no use for them. Those things I mentioned are really cool things too. I fully support cryptocurrencies, and Bitcoin, to the extent it makes sense. |
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So we all collectively hate mtgox now?
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Bitcoins are really like new gaming consoles, or the occulus rift, or google glass.
People who have nothing to do with them get them and sell them to suckers who desperately want them because it's trendy.
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If bitcoin becomes to mainstream and becomes too regulated, the need will emerge for less regulated and more anonymous coins.
I believe if there will be attempts to regulate, it will apply to all cryptocurrencies Only if the value is derived from fiat like Bitcoins do. |
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I've been thinking about buying this: http://www.amazon.com/computers-accessories/dp/B007ZWFKX8and then buying one ASIC a month. Not to profit, just because I can and it would help distribute the mining. Hell maybe even set up bitcoin foundation as recipient. GPU mining is something I can't do. My air conditioner in summer doesn't keep up, the extra heat from a box full of GPUs and the power supply to feed them I just can't do. ASIC mining is something I can do. GPU mining took the ability for many common people to mine away, ASIC is giving it back. I don't need a power consuming tower and cards to do ASIC mining. In the long run the power consumption and generated heat will be as much as with GPU mining, as everybody will be stacking up chips. |
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Will a peak oil economy be able to sustain a bitcoin mining economy?
Yes they would, but that's the wrong question. Should they? I think not. That however has nothing to do with depletion of resources and more with the way resources are used. |
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In a gold rush money is in the shovels, cash only.
nuff said
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