Analysis of halting trading

[TheJuice]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Touch 105 or so then hard up to 140.

thoughts?

TJ

[gizmoh]

Remember big players who got in cheaply will still look at gox for unhoarding their stash..The Bears,wolfs, hyenas are all lined up!!

[Hyena]

who mentioned me? Although I have an account in gox I've never used it and never will. I buried my paper wallets 3 months ago and won't sell any time soon.

[gizmoh]

My mistake, hyenas do ressemble as bulls 

[SuperHakka]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Touch 105 or so then hard up to 140.

thoughts?

TJ

No, supply is only one side of the equation, you forgot it takes demand to make a market price. if peopels is scared and they not putting on many good bids, the price will still head down. fewer coins just means the volumes will be down on the exchange.

[revans]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Touch 105 or so then hard up to 140.

thoughts?

TJ

The overriding one is that you're a drooling idiot caught up in bitcoin fever.

Ask  yourself this one question...

' Had bitcoin been soaring today would MtGox have suspended trading'?

The answer to that question explains their motivation for doing so, and reveals the reality that to all intents and purposes bitcoin has a central bank, it is a currency manipulator, and it's just been caught with its pants down.

[bb000]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

[MAbtc]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

Care to explain why?

[bb000]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

Care to explain why?

Unless MtGox were good at capital management they could have been under pressure from people withdrawing large quantities of fiat at the same time. They must have had huge inflows of cash over the last few weeks, but were they ready when that flow suddenly reversed?

[bb000]

This is a fascinating development. Heres my analysis:

1)  People pulled coins off of gox to sell on other exchanges or their wallets.
2) Fiat is now trapped in gox.

When gox open I expect minor selling followed by a hard buy. Why?  Fewer coins on the exchange because theyve been moved and lots of fiat wanting to stoppes being trapped.

Sadly I suspect exactly the opposite to be true.

Care to explain why?

Just speculating. There has been a large inflow of fiat money in recent weeks from new users purchasing coins from others who may not necessarily withdraw their funds right away. If that flow suddenly reverses did they keep these funds ready for withdrawals?