Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[seleme]

things are getting interesting on gox.

watching price on mtgox closely. I think the price on stamp and btc-e is heavily manipulated by big fishes, so all of you who are trying to find the bottom you might find your answer on gox.


oh, the irony.  

If Gox goes up 60% on minor news, it obviously follows that if they do even look like announcing withdrawals are 'back' we will see epic price rises, extremely fast.

Bears beware.

And then we'd see people selling their Gox coins at Stamp and BTC-e to even that rise out and probably go even lower where we are at those two exchanges at this moment.

It's tricky times.

[1714641272]

1714641272

[1714641272]

1714641272

[adamstgBit]

things are getting interesting on gox.

watching price on mtgox closely. I think the price on stamp and btc-e is heavily manipulated by big fishes, so all of you who are trying to find the bottom you might find your answer on gox.


oh, the irony.  

If Gox goes up 60% on minor news, it obviously follows that if they do even look like announcing withdrawals are 'back' we will see epic price rises, extremely fast.

Bears beware.

And then we'd see people selling their Gox coins at Stamp and BTC-e to even that rise out and probably go even lower where we are at those two exchanges at this moment.

It's tricky times.

yes this has me worried as well

but gox said it would impose daily limits

sooooo.... tricky times indeed.

[kurious]

I just started to explore the options of sending some money to Gox 

I was looking at just a few hundred bucks this morning, but I just can't do it. You think - 'what the hell a few hundred won't make any difference' and with BTC at a hundred USD it is really tempting.

But the feeling if it all goes tits up would be worse.

I would say: just be happy the rest of your stash will be rising in value and you'll get coins back that you have probably (at least partly) written off.

YOu can't lose money with Bitcoinbuilder out there.

10000 to Gox, you buy 100 (let's say it's that price) for 100.  You sell 50 at Bitcoinbuilder for 20 and you're already better than buying on Stamp + you have 50 to gamble and wait for eventual Gox withdrawal.

Or you sell all 100 for 40 BTC, sell 20 BTC on Stamp for 11 000$ and you're good 1000$ and 20 BTC

Yep - but there is still a risk if Gox closes / shuts down before fiat arrives, or soon after.   How long does fiat take to get in?

[oda.krell]

Alright, things are starting to look a bit brighter already.

Let's see if we manage to break through 600-620 on a bit of volume.

[biafore]

I just started to explore the options of sending some money to Gox 

its not to late GOXBTC might soon be valued more than actual BTC, GOXBTC IS THE FUTURE

The feeling you get when you realize you've sold your entire stash for 0.35 BTC, And now are watching it rise. Damn thats gotta suck. Mt. Gox to the Moon, even adam, writings on the wall

[seleme]

I just started to explore the options of sending some money to Gox 

I was looking at just a few hundred bucks this morning, but I just can't do it. You think - 'what the hell a few hundred won't make any difference' and with BTC at a hundred USD it is really tempting.

But the feeling if it all goes tits up would be worse.

I would say: just be happy the rest of your stash will be rising in value and you'll get coins back that you have probably (at least partly) written off.

YOu can't lose money with Bitcoinbuilder out there.

10000 to Gox, you buy 100 (let's say it's that price) for 100.  You sell 50 at Bitcoinbuilder for 20 and you're already better than buying on Stamp + you have 50 to gamble and wait for eventual Gox withdrawal.

Or you sell all 100 for 40 BTC, sell 20 BTC on Stamp for 11 000$ and you're good 1000$ and 20 BTC

Yep - but there is still a risk if Gox closes / shuts down before fiat arrives, or soon after.   How long does fiat take to get in?

I don't know, I would only do it if I could transfer fiat from some other exchange like it was the case with Bitinstant and Aurumexchange before. Unfortunately, there are no such options anymore.

[dreamspark]

Panic buying on bitcoinbuilder lol

[kurious]

Alright, things are starting to look a bit brighter already.

Let's see if we manage to break through 600-620 on a bit of volume.

But this is one little bit of news....

If Gox announces anything , even a date for withdrawals, however restricted - then things will be solid.  

Another week with nothing solid and it's back down in the doldrums...

[Walsoraj]

yes this has me worried as well

but gox said it would impose daily limits

sooooo.... tricky times indeed.

If the limits are stupidly low and/or change without warning, we are going to see some epic volatility.

[kurious]

On the up-side, Karepeles must be reassured that 'good news' from Gox will save his ass.

OK - withdrawals could see dumps, but an announcement with credibility will see Gox up to around market price in hours and other exchanges bullish too, who would dump coins if all the market was rising?

Edit: spelling etc

[kurious]

Fiatleak showing over 11000 / hr coming in - about 75% CNY

Bullish (for now)

[adamstgBit]

next week's headline could read

"MtGox reopen withdrawal, BTC make new all time high"

"Bitcoin has recovered, invest opportunity?"

"No more seller on MtGox, price rockets towards infinity"

" DOW crashes 10% in 6 hours. Bitcoin Up 500% "

 

[MANofthePEOPLE]

What a shame.. Was planning on sending a wire monday morning if it didn't rise by then

[kurious]

next week's headline could read

"MtGox reopen withdrawal, BTC make new all time high"

"Bitcoin has recovered, invest opportunity?"

"No more seller on MtGox, price rockets towards infinity"

" DOW crashes 10% in 6 hours. Bitcoin Up 500% "

 

Always positive Adam - good on you.   You back in all the way?

Wait for Jorge's sleep time thingy and see if it holds...   Don't forget it will fizzle if Gox is quiet as a church mouse for another week.

The positive to take from this, if Gox does come up with a positive announcement - it will go nuts.   It's such a drag, lifting it, even slightly will produce huge jumps.

[samson]

What a shame.. Was planning on sending a wire monday morning if it didn't rise by then

The thing about this is you needed to send it last week - like last monday then hope it arrives in less than a week - which it won't.

[bangersdad]

So anyone who sodl at $100...how does it feel?

[MANofthePEOPLE]

What a shame.. Was planning on sending a wire monday morning if it didn't rise by then

The thing about this is you needed to send it last week - like last monday then hope it arrives in less than a week - which it won't.

Well I have made one deposit to gox (in december) and I think that took less than a week. Someone who wired 50k in this thread says it takes around 48 hours

[mmitech]

I am still not convinced about the price going up, looks like a trap to me, well If it wont go down, I will cash out the money I have in Bitstamp....

[600watt]

now i know what will happen:

gox flips back to 1000, but this time stamp stays 500 ahead !  

[ardana123]

So anyone who sodl at $100...how does it feel?

Probably mad as fuck. Me not being one of them. I am mad about selling my goxbtc on bitcoinbuilder prematurely right now though.