No announcement yet.

Gox back to 201.  The spike ups are just small market orders being triggered on an empty order book.

201 bounce to 203.

Yeah those bitcoin builders at 0.7 are a steal.

205 Gox.

Gox 214. 

At 221 on the magical Gox video game.  Will we hit 100s?  

Dumbasses on stamp trying to follow.

Well BTC China does this all day every day but thats maker taker rules.

Looks like they split the difference between Bitstamp and BtC E.  

Glad they patented that.  


*On a serious note this is the right decision.  The media needs to be weaned off quoting Gox and this is how to achieve it.

** the index has a hidden weakness in not referencing Huobi or OkCoin.

Meanwhile fiat continues to pour into Gox as speculators chase arbitrage. Dumb asses don't realise they won't be able to get more than a trickle out when withdrawals are re-enabled.

https://bitcointalk.org/index.php?topic=404875.0

You need to understand the fee structure to understand the trading patterns.

I trade on BTC China.  Deposit in BTC and withdraw in BTC.  They have significantly more security than any other exchange I have seen.

But learn about the maker taker rules first.

+1

Hold tight for another round of "we have almost completed testing of our new system and will work hard on it over the weekend and will provide a further update on Monday."

Then on Monday they will announce limited withdrawals commencing the following week.    

The following week withdrawals will be open but everyone will be required to re-verify including photos of their grandmother.

I'll have to try that next time I am at a party.   Jorge is obviously hodling.  

Did he mention the bit where one guy throws the $50 bill in the air and someone in Slovenia catches it.

Past Performance is no Guarantee of Future Results.  Your mileage may vary.  Serving suggestion.  Contains traces of tree nuts.  Do not shine your laser at an aircraft. Never leave a child unattended.  Piracy. It's a crime. Caution:  hot beverage.

Yes I am suggesting that the Bitcoin market is random (within certain parameters).

Perhaps more accurately described as a random walk subject to biases (such as the Gox antics).  The trick is separating the Brownian motion (market noise) from the real market moving biases.  I consider the dip on Mt Gox this morning to 248 to be market noise / Brownian motion.  The fact that the swings are big in % terms is irrelevant - you get that with any volatile market.

And beware of fat tailed probability.

There is no butterfly effect.

http://en.m.wikipedia.org/wiki/Brownian_motion

No. Not unless the Fed engages in contractionary monetary policy. And I'm not talking about backing off quantitive easing.

Having watched a whale rape a market momentum bot on BTC China I can assure it does not all go the bots way.

TL:DR. 

People that don't do any research lose their money.