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thedarksun (OP)
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February 17, 2014, 04:08:20 PM |
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What do you guys think. Finally now on the 20th, people will be able to withdraw after months of problems. Will that cause the btc to crash not only on gox but all of exchanges and then we are up for slow recovery to 1000 again throughout the year?
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dropt
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February 17, 2014, 04:17:34 PM |
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No way, $50 is far too much. More like 5$.
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derpinheimer
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February 17, 2014, 04:20:05 PM |
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Logic fail
Gox price will rocket if/when withdrawals come back.
Other exchange may dip a bit after an initial rise
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kooke
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Bitcoin super-duper-mega-ultra-hyper-node
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February 17, 2014, 04:20:50 PM |
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We would have to be hit by a truly catastrophic event for BTC to drop to $50. People withdrawing coins from gox and dumping on other exchanges probably won't have that profound of an effect.
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RodeoX
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The revolution will be monetized!
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February 17, 2014, 04:24:18 PM |
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The price of a bitcoin no longer has anything to do with Mt.Gox. It is pointless to consider because the market there is so distorted by uncertainty. The Gox price is more of a bet about the likelihood of ever getting your money out after a sale.
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thedarksun (OP)
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February 17, 2014, 04:27:02 PM |
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The price of a bitcoin no longer has anything to do with Mt.Gox. It is pointless to consider because the market there is so distorted by uncertainty. The Gox price is more of a bet about the likelihood of ever getting your money out after a sale.
Alright, then lets conisder the price on gox then. There is no way the price will skyrocket if withdrawals are made possible. Ppl will sell off everything they have because they want to get out of gox ASAP. going down is the only logical possibility. |
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derpinheimer
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February 17, 2014, 04:33:54 PM |
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The price of a bitcoin no longer has anything to do with Mt.Gox. It is pointless to consider because the market there is so distorted by uncertainty. The Gox price is more of a bet about the likelihood of ever getting your money out after a sale.
Alright, then lets conisder the price on gox then. There is no way the price will skyrocket if withdrawals are made possible. Ppl will sell off everything they have because they want to get out of gox ASAP. going down is the only logical possibility. Box price is 350. If btc withdrawals are enabled, then people will buy to arbitrage to bitstamp, etc. Only if $withdrawals only are enabled will the BTC price drop, and this won't happen. |
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RodeoX
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The revolution will be monetized!
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February 17, 2014, 05:02:13 PM |
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The price of a bitcoin no longer has anything to do with Mt.Gox. It is pointless to consider because the market there is so distorted by uncertainty. The Gox price is more of a bet about the likelihood of ever getting your money out after a sale.
Alright, then lets conisder the price on gox then. There is no way the price will skyrocket if withdrawals are made possible. Ppl will sell off everything they have because they want to get out of gox ASAP. going down is the only logical possibility. Box price is 350. If btc withdrawals are enabled, then people will buy to arbitrage to bitstamp, etc. Only if $withdrawals only are enabled will the BTC price drop, and this won't happen. Any of those scenarios are specific to Gox, and distorted by their bad situation. Why not say bitcoins are $800? That is what they would cost me using localbitcoins.com. |
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proudhon
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February 17, 2014, 05:14:46 PM |
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"BTC" on MtGox are not BTC in the sense that the rest of the world is using/trading. "BTC" on MtGox are essentially an altcoin at this point and could easily crash to $50 or lower, but I personally don't really care because I don't own Goxcoins. I own bitcoins, and I'm sorry for anyone who does own Goxcoins.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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jamesc760
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February 17, 2014, 07:23:40 PM |
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Even $5 a piece is too much at gox. Sorry to say but the sooner gox dies, the better it is/will be for bitcoin at large.
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dropt
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February 17, 2014, 07:46:17 PM |
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gox annaunces 20th, tuesday,  important people says that gox does not impact strongly in the market, important people used say the same in 1929, black tuesday, the greatest crash of all sorry for this bearish view, I hope that I'm completely wrong, but this does not smell good. at least a great buy opportunity arises. 20th is Thursday buds. |
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gambit1
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February 17, 2014, 11:01:55 PM |
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Could I ask where they said 20th. I read their statements and couldn't see that.
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notme
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February 17, 2014, 11:24:34 PM |
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Could I ask where they said 20th. I read their statements and couldn't see that.
They said Thursday. However, they did not specify which Thursday. |
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traderCJ
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February 17, 2014, 11:26:22 PM |
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Could I ask where they said 20th. I read their statements and couldn't see that.
They said Thursday. However, they did not specify which Thursday. They didn't say the year, either.  |
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