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Isn't it weird there are suddenly all these bulls, with attitudes.
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In the way I see, people holding money on gox was finally compensated with cheap coins, that's the benefits of goxing.
The bull market will resume gentlemen, and even stronger now.
Thanks. With a post like this I can take comfort in knowing that it has NOT bottomed and a bull market is NOT starting. People are still too optimistic for a bottom to have happened, and for all the wrong reasons. Kid, you are betting Gox is history, I am betting it isn't. Simple as that. But don't be too stubborn, always have a course of action in case you are wrong. Or you will be one of those who will be crying why they haven't saw the bottom when it was so obvious. For me, if I am wrong I can always sell which I do if it hits my stop loss. No my bet is that gox news is irrelevant to whether a bottom has been found outside of gox, in either case. Gox is not Bitcoin anymore. My chart of Bitstamp doesn't show any "obvious bottom". There might be a small temporary rally (trap) due to gox panic before the next drop. |
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In the way I see, people holding money on gox was finally compensated with cheap coins, that's the benefits of goxing.
The bull market will resume gentlemen, and even stronger now.
Thanks. With a post like this I can take comfort in knowing that it has NOT bottomed and a bull market is NOT starting. People are still too optimistic for a bottom to have happened, and for all the wrong reasons. |
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So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.
Because of the tighter withdrawal limits. Exactly. And besides the market was so oversold it's looking for any excuse to go back up. I expect to see a couple green daily candles from now on and after that it mostly depends on how MtGox comes out of all this mess whether we dive back down or not. mtgox mtgox mtgox mtgox. Does everyone have amnesia and forget that there are 20 other problems besides mtgox right now? |
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So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.
Because you're short and they hate you. Actually the most rational explanation of market movements I've heard yet. |
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I'll laugh if the megawhale just starts dumping again.
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Judging from the responses to the news, a lot of people were short. I was too. Now I'm long (for the short term). This really can't be seen as bad news; they are saying withdrawals will be enabled on Thursday, and most of the speculation was about them not having the amount of coins that they should. I'm just worried now about the dispersion of btc from the Mega-Whale that has been dumping 1000+ per hour for a few days on gox.
Wrong. They didn't say withdrawals will be enabled on Thursday. They said there will be an UPDATE on thursday. |
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I was thinking the most bullish possible thing to happen would be if gox went to 0 and then stamp started rallying. At that point gox's influences would be completely gone and the rest of the market would prove itself as independent and strong.
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So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.
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Really? They come good on every announcement? Like litecoin which was being implemented last August July April? And why is it taking them so long to fix this code when every other exchange was able to do it within one day?
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I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).
Right. Because the bear market has to go on indefinitely. Not indefinitely but there are typically two distinct waves down from the plateau which span over 2 months and the second is caused by 3 day ema downcross. |
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It's bad news actually. no action. "wait another 3 days till we give you an update about our plans which should occur 'soon'". More Waiting. The same old bs. The same thing that caused a crash over the weekend. Nothing new.
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I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).
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There's no news. Gox said (( wait 3 more days till we give you our next update about something that's going to happen "soon" )) - same old bs. It was the same thing over the weekend, and it crashed...
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What happened to "any press is good press for bitcoin"?
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So far trends 2+3 seem very strong and that could have been the bottom, or, they could simply be serving as a bulltrap. If this recovery fizzles out or there are more bad events then this trend could eventually give way and the real bottom could be on Trend 1.
I don't agree with the red line in the post above me because it doesn't trace back to the origin of bitcoin like my Trend 1 does.
 offcourse it does trace back to the origin of bitcoin trading 2 objections: 1. You're looking at gox. 2. There are only 2 points of contact. |
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What is happening to Gox order book? <500 coins to 240  My graph shows 3818BTC to 240, but they're mostly near 240. |
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Did Mark Kerpeles fly over to Slovenia, go to to Bitstamp and stick a flag in the ground? All Bitstamp does is follow gox now!
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