At first price will spike as everyone freaks out and "follows gox". Then eventually the move will correct itself and on top of that, all the gox coins will be dumped to drive it even lower than it started. It will be a massive pump and dump.

There are many theories you could make about this if you predict that mtgox actually has no coins and is going to close. It could be mtgox selling fake bitcoins on their exchange to suck fiat out of the market so that everyone who tries to trade btc there loses and ends up able to claim less fiat. When this goes to court for the court to settle reimbursing people's accounts, the court isn't going to be looking at bitcoin. The court isn't going to bother tracing bitcoin trades on the exchange and won't care about someone saying "but I got sold fake bitcoins". The judge might think that "fake bitcoin" is an oxymoron. They will, however, be looking at the amount of fiat that people held.

So you're saying this bot "Willy" is a 2%+ holder of all bitcoins. His net worth was $150 million, but he left all the coins on fort gox rather to trade with rather than in cold storage. Um, that sounds a little weird. You know what I think is that Willy IS mtgox.

$666 is the new $100.

oh ok so this 200k btc of dumping is just "a bot". its "willy"... no. we are talking an order of magnitude of difference from willy, and that guy who made a 10k buy  (rpietelia claims that was.him)

when bitstamp and btce disabled withdrawals, it wasnt an all out apocalypse like gox. i think someone knows something at gox that we don't

it wasnt smashed against 530, it bounced off quickly. im thinking of like in july when 66 got hit a bajillion times on high volume over 3 days. you should see a clear trend of high volume support doing stealthy accumulation of heavy dumping at slowly incrementing levels.

once i get my buy and ta confirms that a new rally is starting, i will probably move to cold storage and take a break from the forum for a while.

800?? LOL. there was no volume around that level. it was a mere 33% below ath, nowhere near any known trend line, and way to early for a.reversal. a joke, for noobs.

yes it was easy to see the spike coming because we were way oversold and news came out. that doesn't mean this is bottom. in june, someone bought up all the coins from 95 to 115 with one 20k buy order.

the bottom is when the price smashes against a certain level for a good amount of time and there's an unlimited amount of support until it starts slowly creeping up. Like gox did at 300, and then there's multiple additional high volume tests and they are all supported at gradually increasingly higher levels, until an explosion happens. a huge vertical wall of support continues to build behind the action as a new base.

400, or when i see a nice solid base form and not just this random $200 candle to the moon.

remember litecoin is being implemented "soon"

I see 2 weeks, not 2 months.

and its still dumping. remarkable!

Ill have to admit the one good about gox is its still a brick and mortar business with real people and mark comes to work every day in the morning apparently. unlike btce and bitfinex which are run off of the moon.

moar

I'm tired of this bullstamp. where is bearstamp.

Well I'm confused what this person means about their emotions versus "their gut". I thought gut was emotions. If this person had said "my emotions versus my brain" then I would understand more.

The sheep were the ones buying it up to 715.

"please stop sending me money" - said nobody ever.

Think of it like a double or nothing gamble. If gox support fixes the withdrawals, then he doubles his money. If they don't, then he gets nothing. However, it's possible that even if they never fix btc withdrawal, he may be able to get the fiat back so it's actually better than double or nothing.