This is finance; not church.

So this is all about me? I have the power to control the price? Wow I never knew. Now I will be the best trader ever. Muhahaha.

Major chart indicators were turned south (particularly the 1 week macd) well before the mtgox situation so it wasn't mtgox that took 'sheep faith' and the simple act of mtgox restoring withdrawals (after 2+ weeks) wont bring it back. More will need to develop. I hold the position that more will need to happen than simply mtgox resuming withdrawals for the charts to fully reverse not to mention an ATH being reached.

The name calling and emotion in your statements implies a lack of actual arguments to defend yourself with. I need more technical detail on how mtgox will completely flip the chart upside down cause ATH to be reached.

Thanks.

Still irrelevant. This topic is about the content of discussions and how arguments get constructed regarding mtgox.  "Bitcoin will rally because of these technicals" (like you mentioned) may be a valid argument but  "Bitcoin will rally because mtgox" is not.

The point is simply I want people to stop talking about 'when gox gets fixed, everything will be fixed, and here's what will happen'.  There was even someone who denied that there were any problems besides mtgox and someone else who said 'if you can't understand why a new ATH will be reached when mtgox opens withdrawals then you shouldn't be trading bitcoin' or something like that.

Problems besides mtgox:

There seems to be a very narrow minded focus on the forum lately about mtgox. People seem to think that if mtgox' issue was resolved, that bitcoin would go straight to the moon. Let me remind you there are other issues besides mtgox.

I'm not trying to say "sell everything" or "bitcoin crashing to hell" etc. I just want to divert the narrow discussions.

Here is a list I compiled. It might not even be complete. Feel free to add.

1. Final Capitulation
2. PBOC policies still stand in China and no new chinese capital has come suddenly flying in as of Jan 31st/Feb8.
3. Russian ban.
4. Cyprus issues a bank advisory (like China), which leads to at least the perception that btc-e is at serious risk.
5. India
6. Apple removed blockchain app from app store, and the implications that this has about corporate control of what the public eye sees.
7. Major exchanges were able to flashcrash to $100 (indicates weakness)
8. Flaws on Bitfinex have been exploited, traders on Bitfinex have lost money. The staff at Bitfinex showed themselves as bad at responding to issues and unfit to be running an exchange.
9. The exchanges have had large amounts of funds (millions) stolen from them which could lead to potential insolvency or unethical actions in the future (or at least more mistrust in exchanges).
10. A large loss in confidence and trustworthiness in the existing exchange system, for a variety of reasons.
11. The malleability bug and its lasting impact on public trust and confidence in the Bitcoin software even if it gets fixed.
12. Loss of trust in bitcoin foundation board members.
13. Large amounts of hacker coins, which will eventually be dumped for fiat.
14. FBI Silk Road coins (27K or 144K) entering the market (somehow).
15. Men in florida were arrested and received felony money laundering charges for using localbitcoins. Even if it was really due to credit card fraud, it makes the public scared of using LocalBitcoins and casts a bad light on government perception of Bitcoin.
16. Silk Road 2 closed its escrow service.
17. Gox started processing cash withdrawals, fiat is actually exiting the system, and many jaded investors are most likely actually leaving the economy altogether.
18. Btce halted fiat withdrawal.
19. The closure of btc withdrawals by major bitcoin exchanges. (resolved)
20. Major indicators on charts that turned down before the gox crash even began.
21. Gox

No response yet from biafore. How can I possibly respond to an empty statement with no information?

Good evening. CCMF?

did anyone verify with people from blockchain.info, the work mtgox said it has done with blockchain.info?

What does this have to do with an ATH?

There is a lack of locomotives in here.

You're right.



CCMF!

I guess it will be a slow exodus, and the larger players may choose to withdraw fiat if necessary.

Trading crypto is very stressful and turning me into a bitter person. This was actually half of the reason I was considering leaving and not just due to the risks. Also, in general, I am frustrated that mtgox is still being followed - I thought we had detached from mtgox. However, if you look at the chart of mtgox and bitstamp they are following eachother minute by minute - it is horrid.

It may not be dead but there's a good chance there will be a mass exodus of traders until the orderbooks on gox look like an altcoin on cryptsy.

It's effect on Bitstamp has made the TA very difficult to read and caused false signals, resulting in small losses as I whipsaw my position.

It's a slang term - The people who constantly insist that we are on an immediate direct trip to the moon or that we've always "hit bottom" are "bulls".