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1  Economy / Speculation / Re: How SOON will the BTC rally begin? on: May 02, 2015, 05:25:43 PM
... but the downside risk is still huge considering that the market has to absorb about $700K of newly mined BTC every day (at the current price).

It doesn't have to absorb it until it's put on exchange or sold OTC.

Miners have to pay their expenses and make a living. Some newly mined coins are stashed, but at the same time, other miners might be selling some previously stashed older coins. I would still expect 3000 BTC/day to be a reasonable selling pressure estimate coming from mining.
2  Economy / Speculation / Re: How SOON will the BTC rally begin? on: May 02, 2015, 04:50:41 PM
Once the current Chinese stock market rally slows down and traders start taking profit, there will definitely be some new demand for BTC from them. Shanghai stock exchange index is already parabolic, so the reversal may happen any time. Until then, we may have a slow drift up based on the good news, but the downside risk is still huge considering that the market has to absorb about $700K of newly mined BTC every day (at the current price).
3  Economy / Service Discussion / Re: Breaking news, Mt. Gox is completely down! on: February 09, 2014, 04:18:37 AM
Their API ticker is alive and shows price updates (I have a charting application using it that I’m running right now).
4  Economy / Speculation / Re: Mt.GOX is FINE, BTC HAS NOT 'CRASHED' on: February 09, 2014, 12:28:18 AM
Everything you said could be true yet they may be unable to resume BTC withdrawals soon (if the technical glitch is too big to fix quickly).
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