dexX7
Legendary
 Offline
Activity: 1106
Merit: 1024
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June 20, 2013, 05:02:23 PM |
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No, not sold - well, some of them YES, but obviously not so many. I think they were not only taken off the book, a lot of it may have left Gox for good... This kind of news (International wires to USA stop for 2 weeks) scares a lot a certain kind of people (pussies?), and they panic and just take their coins off Gox. Same thing happened when the dwolla thing. That's what I thought. There is still a huge amount of goxcoins sitting on 128-132 at Bitstamp, which appeared after the Dwolla incident. Things got really better compared to the first days and there is no reason to fear, because the holders showed patience in the past, but it's still to keep in mind that Bitstamp is kinda capped on smallish ralleys.  And it won't get better now. But whatever, Dwolla showed, how bad the market could have reacted to such news and it's still very stable. And if it holds under such pressure, the consequence is very bullish, when things settle down.  |
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"In a nutshell, the network works like a distributed
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 20, 2013, 05:19:58 PM |
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Damn, it's clear what is going on, now that you cannot retrieve USD from GOX for the next two weeks.
US based GOX users are withdrawing their coins to their wallet and users with USD on GOX are buying coins and also withdrawing them to their wallet.
This will make the price go up, but for how long? And what will happen then?
2 weeks and everyone is bailing? I guess they expect the 2 weeks to turn into forever can someone please link a press release about this? |
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Frozenlock
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June 20, 2013, 05:22:09 PM |
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I would assume that most of them just hope for a higher price.
As much of those who bought today.
Anyone here bought today to leave MtGox (if you are there) and never return?
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ShroomsKit
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June 20, 2013, 05:22:47 PM |
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Damn, it's clear what is going on, now that you cannot retrieve USD from GOX for the next two weeks.
US based GOX users are withdrawing their coins to their wallet and users with USD on GOX are buying coins and also withdrawing them to their wallet.
This will make the price go up, but for how long? And what will happen then?
2 weeks and everyone is bailing? I guess they expect the 2 weeks to turn into forever can someone please link a press release about this? Hard to believe everyone is suddenly leaving. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 20, 2013, 05:27:09 PM |
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Voodah
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June 20, 2013, 05:27:45 PM |
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Damn, it's clear what is going on, now that you cannot retrieve USD from GOX for the next two weeks.
US based GOX users are withdrawing their coins to their wallet and users with USD on GOX are buying coins and also withdrawing them to their wallet.
This will make the price go up, but for how long? And what will happen then?
2 weeks and everyone is bailing? I guess they expect the 2 weeks to turn into forever can someone please link a press release about this? Indeed. The underlying issues behind the announcement are probably more worrying. Two weeks is not a long time, but they are probably thinking more along the lines "mmhmm mtgox has been targeted now.. will it ever be safe again??" I know I would have that feeling if it were me trapped inside. Trust does not come and go. Once it's gone, there's no coming back. |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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June 20, 2013, 05:31:27 PM |
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my god this is bullish  A few posts back there is a quote that Gox broke the cashout API, so they were forced to shut it down. |
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gbh
Newbie
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Activity: 27
Merit: 0
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June 20, 2013, 05:33:28 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 20, 2013, 05:36:17 PM |
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no but my god this is bullish too!  |
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samson
Legendary
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Activity: 2097
Merit: 1068
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June 20, 2013, 05:37:05 PM |
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Maybe it's just me but it seems a little strange that the US government are fining foreign banks huge amounts of money for doing business in different parts of the world. |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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June 20, 2013, 05:38:14 PM |
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No. The state's Department of Financial Services (DFS) said Mitsubishi-UFJ moved billions of dollars through its New York branch between 2002 and 2007 for state and private entities in Iran, Sudan and Myanmar, including entities on the US Treasury's blacklist. It's not connected to Gox and the bank still seems to be fine. Edit: Japan is part of the United Nations, so it's not actually the US who is behind this. While they are probably the ones who pushed the sanctions, it's under UN's banner. |
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eltonjock
Newbie
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Activity: 34
Merit: 0
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June 20, 2013, 05:38:32 PM |
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ThatDGuy
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June 20, 2013, 05:42:27 PM |
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Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts. Agreed on bullish. |
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nmersulypnem
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June 20, 2013, 05:44:16 PM |
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Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts. Agreed on bullish. There's definitely some bull in there... |
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ft73
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June 20, 2013, 05:45:14 PM |
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Hello everybody, just got back from work.
Ehm ... again BuyGox.com vs. BitDump.net?
Ok i'll have a beer.
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KeyserSoze
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June 20, 2013, 05:46:01 PM
Last edit: June 20, 2013, 05:57:12 PM by KeyserSoze |
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Maybe it's just me but it seems a little strange that the US government are fining foreign banks huge amounts of money for doing business in different parts of the world.
Surely you read at least 2 story paragraphs...? "...(DFS) said Mitsubishi-UFJ moved billions of dollars through its New York branch between 2002 and 2007..." |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 20, 2013, 05:47:32 PM |
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Maybe it's just me but it seems a little strange that the US government are fining foreign banks huge amounts of money for doing business in different parts of the world.
Surely you read at least 2 story paragraphs...? "...(DFS) said Mitsubishi-UFJ moved billions of dollars <b>through its New York branch</b> between 2002 and 2007..." they should've used their bitcoin account. |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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June 20, 2013, 05:48:55 PM |
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ShroomsKit
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June 20, 2013, 05:52:06 PM |
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I wish that wall at 115 would get removed.
People are willing to buy, the price wants to go up. Why sell at 115.
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