Why are people still mass selling on Gox, really makes no sense at all
It's Uncle Willy. He's gone mad. |
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Willy's back! And this time he's gone full "beartard"!  |
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Can't you just deposit TO MTGOX?
I think Mark Karpeles has arranged for that part of the business to run quite smoothly. |
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Do you reckon that it is Gox themselves who are buying up all the ultra cheap Bitcoins (the ones that are actually backed by Bitcoins in the blockchain ledger), and then arbitraging them on Bitstamp and the likes?
I think if they were arbitraging the exchange rates would be closer together. They may not be doing it yet. It was just last night that Gox hit $302 before a huge buy-in wave spiked it back up to $400. GoxBTC were for a long time worth way above the market rate cos the only way to get funds out of Gox, was via Bitcoin, thus the price was bid up. Now Karpeles is saying that you can't get BTC out, but you can get Fiat. Now the only way to get funds out of an exchange which seems to be crashing and burning is to sell Bitcoin and convert to fiat. Thus the price is being driven down. One may go further and say that the price is being driven down by Karpeles's withdrawal policy. Ahem  I don't have first-hand experience but after all these months have fiat withdrawals really resumed? By far the best thing to do is to buy cheap Bitcoins on Gox and wait. Then there are two possible outcomes: 1. When Bitcoin withdrawals are open again, take them out. 2. When Gox goes bust, join all the other poor buggers claiming your property back. The fact that it is Bitcoin or dollars missing won't make much difference to the process IMO. The only difference is that you will be able to sue for more if you have Bitcoin as Bitcoin will go up in value compared to dollars. (Not saying you are guaranteed to get anything back at all in this scenario of course). |
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Perhaps it means you should get a hamburger. You can buy them with Bitcoins in London.
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Yeah, well done. Except my capability to think outside the box has saved from losing thousands of pounds. I quite freely admit that my stance on Bitcoin is determined primarily by subconscious indicators. The rational 'justification' TA, evaluation of sentiment etc, always comes afterwards.....and lets face it. I have been 85% right while most of you have been 85% wrong for weeks now. Has that statement been audited correctly? |
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Which exchange is going to let them dump 88,000 coins hmmm? Oh yeah of course! Gox! |
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Aside from Gox going bust over the next week (and of course Bitcoin failing and all that) there is not much more we can get hit with now is there? I mean, we've had malleability, Silk Road 0.2, massive DDOS... in fact minus the fork episode we've had a kind of mix of all the things that made Bitcoin crash and then come back to the next ATH, but all rolled into one this time. What does all this mean?  |
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Yeah, Stamp is going crazy, after hitting $538 yesterday we're already back above $700. Which kind of tarp do you think this is? Gogogo
I amn't voting cos I honestly don't know. Still lots of danger out there. Exchanges which probably don't have the Bitcoins they think or say they do (I suspect we can add Bitfinex and BTC-E to that list), and there are apparently over ten thousand coins that have been stolen (inside job or not) from Silk Road which may be hitting an exchange near you, soon. However, this recovery has happened on as high volume as since the $380 bounce on Dec 18th. If this isn't a bullish indicator, I don't know what is. If Stamp can hold above $700 by the time a few indicators (MACD, RSI, KDJ which are presently maxed out, tell me it is a good time to buy again, I shall be entering the market and tentatively changing my stance from bear, to 'investor', if not out and out 'bull'. In the time it has taken for me to type this, Bitstamp is now back down at $680, but I amn't interested in these 'cheap' coins. I will let the big players decide which way this is going to go and then hop on for the ride if the going looks good. He's going to go full "Bulltard" on us! This I can't wait to see.  |
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seems like the selling bot on gox stopped. What that means ?
Willy's had enough. He quits. |
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Its 2/14/14 FRIDAY. Gox is still at $350-ish average. BitcoinSteve has A LOT of explaining to do!  I actually think that it is likely that he has come across these attack rumours on some hacking darknet site. To pop up with his spiel when he did, and say what he said only for it all to be played out the following day and then for a shit-storm of real issues with Bitcoin institutions being defrauded, DDoS's, and a general shit-storm of FUD worse than I can ever remember, to transpire across the following week, is a bit much to be left to coincidence. I mean, BitcoinSteve is not Edward50 or revans who are saying this stuff all the time, and by sheer law of averages, are going to get it right sometimes. However, In the same way that when a country goes to war with another country, the projection that the country has upon their neighbours future and how they will be destroyed and brought to heal, isn't necessarily what is going to transpire in reality; whatever the community that BitcoinSteve was tuned into were stating would happen with Bitcoin, isn't necessarily what was going to happen, or what might yet happen..... ...... but I would say that fucker definitely knew something.Read back through his posts and you might think differently. He's a chancer. Someone's gotta fluke it. |
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You've messed up several shorts by your own admission. I never used these occasions to tell you you'd been hurting other people though!
When I mess up shorts, it is usually through stupid compulsive trades. Addictive behaviour. There was one exception where I felt sure enough to advertise my prediction on the forum. Bitcoin was at $790. I said go long until $815, and then short Bitcoin. This is what I did, but an inexplicable (in my mind) surge of buying power took Bitcoin up to $835. According to rpietila, he initiated the panic buying surge when he make a large purchse on MtGox, in order to get his funds out. He reckons that he sat back in amusement as other whales panic bought on Gox, with the other exchanges following. Since then, Bitcoin has never been so expensive which proves my assertion at the time, that these were pretty fucking dumb buy-ins. The flip side of that trade (just 2-3 weeks ago), is that if someone had more of a long term mentality to swing trading, an never had a Stop Loss triggered at $820 (like I did), then they would be now quids in on that trade. Like I said, There have only been rare instances when I have been cheer-leading the wrong side of the trade. I aint shorting anymore. I woke up one day and decided that I didn't trust Bitfinex as a trading platform. Subsequent events have proven my suspicions founded on that one as well. All fine with me. And I don't think your record number of posts, many including shaky advice to make "compulsive trades", have "financially hurt" anyone. Probably quite the opposite actually! Ahh, it's good to be back after a break! |
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That's rich coming from you MTC.
I was butt-hurt bearish from $500 - $700 on December 'market memory' post crash rally. Apart from that, I challenge you to find one time when I have been cheer leading the wrong side of the trade? You've messed up several shorts by your own admission. I never used these occasions to tell you you'd been hurting other people though! |
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Look, I did get the February rally call wrong, I admit, but you guys who compare this to last spring/summer and believe that it's going to play out precisely the same on a day-by-day basis are nuts! EDIT: early February rally You should just stop commenting on what you think the market is going to do. If you actually managed to convince or influence anyone, you will have hurt them financially pretty bad by now. That's rich coming from you MTC. |
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sepa. bank usually turns it round same day so it just depends how long gox take to "KYC/AML" me!
I would hope, as they seem to be doing nothing else, that part won't take to long!
We could be seeing the first upward movement from them now. Although I think this is probably from those who were waiting but now want to buy in before the chance that trading is shut off while the "solution" Karpeles spoke about recently is implemented. |
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How much does membership cost? Surely a refund won't "break the bank"?
1.8 BTC I paid Woah! Do you get a vote with that? |
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The foundation serves as a figure head for the Bitcoin foundation,
Yo dawg. From reddit: He paid for the membership, I'm not sure he can be removed without a refund. He paid for membership, not for the board seat. How much does membership cost? Surely a refund won't "break the bank"? |
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now before anyone gets all uptight about me giving "advice" that can lose people money, this isn't advice. Its just what I believe and have believed throughout. I think gox are solvent, I think the price there is due to panic selling, I think its a good opportunity to buy. I think it will be business as usual in the next week or so. So its time for me to put my money where my mouth is. Today I am putting (fiat) money on gox and buying coins. A 40%+ discount to stamp is hard to ignore. The risk is that a lose my principal. Fiat money is pretty easy to come by though, so its not really much of a risk  Hope you get there in time. How are you doing it? |
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I just sent some fiat to gox am I insane?  I really feel like doing that as well! Someone's got to help bail it out. |
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The foundation serves as a figure head for the Bitcoin foundation,
Yo dawg. Wow, signatures are piling up on that petition. If they put it on Bitcoinwisdom the candles would go through the roof! |
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