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seldon
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February 14, 2014, 11:40:08 AM |
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Breaking news: So Gox knew before BitStamp about the vulnerability and failed to implement the fix already ? While Bitstamp already did that.
Gox blamed it on the protocol instead of moving their fat lazy asses.. could also have been a nice excuse for them to further fuck with their customers and save their own asses. God it will be good if they shut down for good - even though I'll lose some funds left there I would rather sacrifice that then let them continue to fuck with bitcoin. Sorry for language, but I'm really pissed at them currently |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Yololintian
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February 14, 2014, 11:45:06 AM |
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Can people currently withdraw btc from btc-e or are we waiting for them to fix that issue like stamp seems to have?
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600watt
Legendary
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Activity: 2338
Merit: 2106
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February 14, 2014, 11:45:30 AM |
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my dad just sent me an sms getting really concerned about btc, quoting gx prices.
i answered: forget gox. check bitstamp.
he answered: Yea... looks much better...
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obitoo
Newbie
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Activity: 28
Merit: 0
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February 14, 2014, 11:45:44 AM |
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The one thing i'm contemplating is IF Gox resume btc withdrawals , how much will go directly towards stamp to dump for an instant 80-100% profit.
Arbitrage the other way, who would have thought..
So then we'd see the Stamp price dive quite suddenly I presume. Gox and Stamp would shortly be meeting halfway? |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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February 14, 2014, 11:49:09 AM |
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The one thing i'm contemplating is IF Gox resume btc withdrawals , how much will go directly towards stamp to dump for an instant 80-100% profit.
Arbitrage the other way, who would have thought..
So then we'd see the Stamp price dive quite suddenly I presume. Gox and Stamp would shortly be meeting halfway? Depends on volume of course. |
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modrobert
Sr. Member
Offline
Activity: 355
Merit: 284
-"When the going gets weird, the weird turn pro."
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February 14, 2014, 11:50:03 AM |
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You are cute.
In 2011 gox was doomed after the flash crash, everybody said TradeHill would dominate the exchange market. Now nobody knows who the fuck was TradeHill.
As long as there is a chance of gox resume btc withdrawal you have to be concerned about it.
Don't underestimate it, or you will be crying like baby when the gap between Stamp & Gox closes.
+1 I agree, it's funny to watch the cool kids in here, the same losers who once vouched for TradeHill, and who probably got burned by pirate@40 as well. They keep blaming Gox while jumping from one sinking ship to the next, cheering and applauding each other until the next fail. Meanwhile, in reality, the only trading place still standing from 2011 is Gox, and this is precisely where you want to be with a shitload of fiat right now.  |
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Yololintian
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February 14, 2014, 11:51:11 AM |
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The one thing i'm contemplating is IF Gox resume btc withdrawals , how much will go directly towards stamp to dump for an instant 80-100% profit.
Arbitrage the other way, who would have thought..
So then we'd see the Stamp price dive quite suddenly I presume. Gox and Stamp would shortly be meeting halfway? No I think if mtgox resumes btc withdrawals, the price will go up over 100% as people cash out of there for good. The only reason the price is so low there is because most people don't trust that mtgox actually has nearly as much btc as they are supposed to. |
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Tommyhurley
Newbie
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Activity: 39
Merit: 0
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February 14, 2014, 11:55:46 AM |
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Guys do BTC-E withdrawals work? Thanks
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T.Stuart
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February 14, 2014, 11:56:15 AM |
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Hey, it looks like they've put Willy into reverse on Gox!  Didn't intend the pun, but that's perhaps also an apt description for what is happening to some of their customers as well. |
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 14, 2014, 11:58:18 AM |
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Guys do BTC-E withdrawals work? Thanks
Yes, I've been doing withdrawals no prob all week.... |
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electronistul
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February 14, 2014, 11:58:21 AM |
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Stamp did it, in quite a short time it seems. Gox can do that too.
We'll be back to where you can't get fiat money out of Gox (because they do not physically have money - or do they, after manipulating the market like that, BTC can be bought as we speak from their own traders), but you can get BTC out.
Let's see how many of those BTC migrate to Stamp / BTCe for a quick buck - I could get away with a couple of days delays in wire transfers for 100% profits...
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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February 14, 2014, 11:59:13 AM |
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The one thing i'm contemplating is IF Gox resume btc withdrawals , how much will go directly towards stamp to dump for an instant 80-100% profit.
Arbitrage the other way, who would have thought..
So then we'd see the Stamp price dive quite suddenly I presume. Gox and Stamp would shortly be meeting halfway? It's not that simple. GoxBTC will go from cheap to very expensive really fast because everyone will be wanting to withdraw their btc there. So I think the result will be that Gox will go back to charging a huge premium on their coins and Stamp will reluctantly follow while the lucky people who bought cheap coins cash out there or just hodl. |
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DougTanner
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February 14, 2014, 12:02:20 PM |
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The price on Stamp is now double that of Gox.   |
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stompix
Legendary
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Activity: 2884
Merit: 6311
Blackjack.fun
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February 14, 2014, 12:05:47 PM |
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Breaking news: So Gox knew before BitStamp about the vulnerability and failed to implement the fix already ? While Bitstamp already did that.
Because bitstamp doesn't have to come up with such scheme to cover loses. Mtgox desperately needs somebody to blame. |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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February 14, 2014, 12:10:16 PM |
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gotta give credit to the stamp hodlers. showing us 644 in the midst of this turmoil is impressive.
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gngrbeb2000
Newbie
Offline
Activity: 17
Merit: 0
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February 14, 2014, 12:12:08 PM |
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gotta give credit to the stamp hodlers. showing us 644 in the midst of this turmoil is impressive.
whales are pushing the gap so they can arb when gox releases the coins. |
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runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
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February 14, 2014, 12:12:48 PM |
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BTC-e has confirmed it is processing bitcoin withdrawals again. Sauce |
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stompix
Legendary
Offline
Activity: 2884
Merit: 6311
Blackjack.fun
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February 14, 2014, 12:12:54 PM |
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Stamp did it, in quite a short time it seems. Gox can do that too.
We'll be back to where you can't get fiat money out of Gox (because they do not physically have money - or do they, after manipulating the market like that, BTC can be bought as we speak from their own traders), but you can get BTC out.
Let's see how many of those BTC migrate to Stamp / BTCe for a quick buck - I could get away with a couple of days delays in wire transfers for 100% profits...
With the amount of cash trapped inside gox , once they give the OK that everything is fine , price might skyrocket inside MtGox , maybe even beyond Bitstamp. Right now people are selling because they think they might recover $ even if MtGox is going down, with btc withdrawals back on , they will start buying btc back to get out. |
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D05GTO
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February 14, 2014, 12:13:22 PM |
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This will definitely blow over. If bitcoin can withstand all of this, it'll be around for a long time.
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 14, 2014, 12:16:06 PM |
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