zarl
Member
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Activity: 70
Merit: 10
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April 11, 2013, 07:03:08 PM |
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how many hours to gox open.
Im confused about it ?
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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deathcode
Copper Member
Sr. Member
Offline
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
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April 11, 2013, 07:08:20 PM |
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Mt.Gox drives the price of BTC. The other exchanges are just lost lamb without Gox guiding them.
I think A LOT of people are looking to buy, especially ALL those people that sold at $150-$250 and they are looking to get back in the game!
The money is NOT out of the system, the money remains in Gox for the most part!
I think we:ll see $150 pretty soon.
I think $150 for a while is a great number to be at.
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███████▀▀ | | | Mars,
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▀▀███████▀▀ | ElonCoin.org | │ | | .
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████████▄▀████▀█████▄▄ | .
"I could either watch it
happen or be a part of it"
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old_engineer
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April 11, 2013, 07:19:14 PM |
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Market dropped to $105 yesterday, and those that wanted to sell have probably sold already.
Last night PST on the Gox order book, there was a 35k btc bidwall at $75 flashed. Someone smart has a few million in fiat available, and I seriously doubt the price drops below $50.
As we've seen over the years, stable price = increasing market acceptance = increasing value. As soon as the floor is established, lots of players that are standing on the sidelines will all want to get in the game, and the price will zoom up again. Rinse, repeat.
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jojo69 (OP)
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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April 11, 2013, 07:59:30 PM |
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T minus 6 hours and counting
consensus price in the mid 60s
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 11, 2013, 08:02:02 PM |
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How vast do you think the lag and jump will be as soon as it opens?  |
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DrG
Legendary
Offline
Activity: 2086
Merit: 1035
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April 11, 2013, 08:03:33 PM |
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Don't know what it will do but it should be around $50 based on electrical costs and difficulty. I'll wait until next month.
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chriswen
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April 11, 2013, 08:04:11 PM |
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Lol, probably be another bull trap after Gox opens.
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moni3z
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April 11, 2013, 08:06:06 PM |
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The real sell off begins when gox reopens, that is if their shit trading engine can handle all the trades
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zoolander
Member
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Activity: 75
Merit: 10
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April 11, 2013, 09:30:53 PM |
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I pissed at the timing. It will be 1am here - some of us have to sleep/work tomorrow. I get the feeling I'll have missed the sell off or rally by the time I get up.  |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 11, 2013, 09:33:21 PM |
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I pissed at the timing. It will be 1am here - some of us have to sleep/work tomorrow. I get the feeling I'll have missed the sell off or rally by the time I get up. Can you not go to bed now and wake up for 5 minutes as the exchange opens? Or take some good ol' fashion caffeine. |
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alexh
Member
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Activity: 183
Merit: 10
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April 11, 2013, 09:35:57 PM |
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Where are all the people who will panic sell? Like everyone is just waiting for the cheap btcs.
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 11, 2013, 09:41:42 PM |
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Where are all the people who will panic sell? Like everyone is just waiting for the cheap btcs.
I'm going to panic sell like a bitch. |
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EuroTrash
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April 11, 2013, 09:42:18 PM |
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Where are all the people who will panic sell? Like everyone is just waiting for the cheap btcs.
This. Although - how many right now do have fiat cash in Gox at all? |
<=== INSERT SMART SIGNATURE HERE ===>
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Nemesis
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April 11, 2013, 09:42:36 PM |
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Where are all the people who will panic sell? Like everyone is just waiting for the cheap btcs.
its so easy to manipulate other exchange. I did it successfully and bought some coins at 55-65. This is why its very hard to get rid of MtGox. |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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April 11, 2013, 09:43:24 PM |
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Where are all the people who will panic sell? Like everyone is just waiting for the cheap btcs.
This. Although - how many right now do have fiat cash in Gox at all? Me. I'm like 3:5 BTC:Fiat |
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mgio
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April 11, 2013, 09:44:34 PM |
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I was gonna panic sell but I've since changed and I'm gonna panic buy. Wish I had more dollars on gox right now though.
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awakening
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April 11, 2013, 09:45:15 PM |
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Where are all the people who will panic sell? Like everyone is just waiting for the cheap btcs.
This. Although - how many right now do have fiat cash in Gox at all? Me, 2,7k dollars all in. |
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zoolander
Member
Offline
Activity: 75
Merit: 10
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April 11, 2013, 09:46:55 PM |
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I pissed at the timing. It will be 1am here - some of us have to sleep/work tomorrow. I get the feeling I'll have missed the sell off or rally by the time I get up. Can you not go to bed now and wake up for 5 minutes as the exchange opens? Or take some good ol' fashion caffeine. There is more to life than Bitcoins. Not sure the wife would appreciate it either!  Anyway, I look forward to catching up on all the post re-opening hysteria that will no doubt be plastered across these boards.  |
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Francesco
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April 11, 2013, 10:07:23 PM |
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Mt.Gox drives the price of BTC. The other exchanges are just lost lamb without Gox guiding them.
Now we know that we SHOULD learn to cope without it. |
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jojo69 (OP)
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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April 11, 2013, 11:27:18 PM |
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T minus 2 hours 30 minutes
consensus price trending up into the low 90s
this is getting rather interesting
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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