we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.
:jealousasfuck:
Open Orders
Last Trade Price: 0.279 ฿ (Gox/Bitstamp: 0.301) Vol: 29439 GOXBTC
From what I've monitored, that is the entire FauxBTC volume since bitcoinbuilder started operating. So not quite 1200 BTC but faux coins, which is, still, a very nice sum. |
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Geez bitcoinbuilder prices now below 0.3
Someone seems to know something
We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy. Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc. I've bought quite a lot (for me) as a gamble. Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain. At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to. Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site? |
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Geez bitcoinbuilder prices now below 0.3
Someone seems to know something
We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy. Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc. |
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514.02 order that did not get filled  ( |
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Sure, if MtGox dissolves then btcbuilder will too. But partaking in this type of "gambling" insinuates that one is willing to remain trapped in Gox.
I have to leave now, sadly, but I would risk being trapped in Gox at 5/1 odds, 20% of my stash. That's 20% chance of me doubling the number of my coins.
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Why would bitcoinbuilder not exist anymore? Is it not making a nice profit?
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Hey! What's going on with Bitcoinbuilder? Last price 0.22 with gox/stamp 0.29. Wtf?
An American woke up early to check on how things are and freaked out So… it's actually cheaper to send bitcoin to gox rather than wire money and buying bitcoin? I'm interested. |
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Hey! What's going on with Bitcoinbuilder? Last price 0.22 with gox/stamp 0.29. Wtf?
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If I was unsolvent I would also verify accounts.
It is the only way for them to get fresh cash.
But they're doing it rather slow, are they not? |
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Did so early on when it was roughly 0.36BTC per MtGox BTC. Considering it's now climbed to around 0.5BTC per MtGox BTC, I could exchange what I bought now and remain in front comfortably.
I'm feeling brave, though.
Yes, I was just thinking about this. If you're ok with the risk involved having FauxCoins, then you can arbitrage the shit out of it through Bitcoinbuilder. |
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Why would someone sell coins @ MtGox when they could just use bitcoinbuilder and get their money out for less than half the coins?
edit: I'm willing to send a wire transfer for Goxcoins for those who still want to sell and need the cash now!
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He doesn't need to withdraw them.
Sell 50% of them @ bitcoinbuilder.com
The rest is riskfree and 100% profit (if he is ever able to withdraw gox coins)
Yes. This is easy money. Sadly I do not have a Gox account, but kudos to you guys that have balls of steel to do it. |
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Lack of volatility seems to be correlated with an increase in the quality of the posts.
I'm starting to like this.
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What is happening to Gox order book? <500 coins to 240  |
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Getting BTC in and out is MUCH less time consuming that fiat xfers. The price differential may disappear or even flip by the time you do that.
What's the point to send BTC there quickly, price would skyrocket but Gox is insolvent and can't pay you up? At least if you send money you can buy BTC and there's a better chance of being able to withdraw. |
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To answer your question, depositing bitcoin now would put you in a good position for when the withdrawals resume and the Gox discount once again becomes the Gox premium. I agree with you buy most would say it's an insane risk because they may be insolvent and this whole debacle has just been a ruse to buy time. Of course it's an insane risk, but that doesn't mean somebody won't try it. They might even succeed. Would it not be smarter to just arbitrage, selling the coins on stamp, sending money over at Gox and buying coins cheaply, waiting the price to skyrocket there? Why would one risk his bitcoins, when it would actually be safer (in case of MtGox being insolvent) to just wire fiat money? |
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The more time passes, the more I think Tzupy's wave count might be spot on, and we are in the 2nd 1/3 of wave C. So we're going up a little bit before going down a lot, again.
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 I just checked this and it looks like the pattern broke, theres been deviations in the past as well though. Would you please care to elaborate? |
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The real question is, why was it left unresolved by the foundation for all these years of they already knew about it? Just look how much money has been lost from poor investors
How is money lost if they do not sell? |
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