Its About Sharing
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Merit: 1000
Antifragile
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July 18, 2013, 09:49:18 PM |
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Right now Bitstamp shows the future price of MtGox.
Or MtGox shows the future price of Bitstamp. I think that bitstamp should follow gox, because of difference in volume...? Well think about it. If Gox has a problem getting money out, then how do you get money out? You buy coins and sell them elsewhere. What does that do? It drives the price down on these others exchanges. And, it also inflates the price on Gox as your choice there is to either buy coins or sit in fiat. No taking your money out, no moving it to another exchange (outside of via coins), etc. Gox is still the leader in volume but that is declining fairly steadily. I think they are a very secure exchange, but people are getting tired of their crap. The choices are increasing, and if you are not a daytrader, then Gox is no longer the clear leader (actually, even if you are...) the issue with that is once any other exchange gets the VOLUME and $$$$$$ amount in their banks they too will have more issues. it's not like mtgox INVENTED these banking problems. once bitstamp and campbx get huge influx they too many have issues regarding traditional banking wires and fiat liquidity Come on, you are really simplifying things. I think like Gox's trade engine their transfer "engine" (paper) is sub standard. Look at the volume on Bitstamp:  So, you mean to tell me that at 60 million you experience delays (for 1 month now) but at 20 million you don't??? 2 or 3 days to get money out of Bitstamp, 3 - 4 weeks for Gox. What is wrong with this ratio? I think someone at Gox is not telling the whole story. I do like Gox, but the transfer thing is fishy. |
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superduh
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July 18, 2013, 09:56:45 PM |
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it's about sharing - we don't have access to ANY of that information.
about overall withdrawal requests from the exchanges. we have buying and selling but that doesn't say anything regarding outgoing wires.
all we can do is.................speculate
and yes. growing pains is likely. bitinstant went down because they too became over successful.
not giving excuses just saying it is very likely
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Spekulatius
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Activity: 1022
Merit: 1000
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July 18, 2013, 10:23:04 PM |
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Almost no volume....
<chirp> <chirp>
<cricket>
It looks like everybody is just waiting for the funds to be released -or not-.
Any opportune whaly could easily move things down now with little volume, while to move the price believably up the same way would require much more of it.
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Frozenlock
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July 18, 2013, 10:25:30 PM |
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Ninja bear will make sure it goes down!  |
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Coinseeker
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July 18, 2013, 10:30:55 PM |
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Ninja bear will make sure it goes down!
If there was an award for best forum meme's, you would win hands down. Classic!  |
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Spekulatius
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Activity: 1022
Merit: 1000
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July 18, 2013, 10:32:03 PM |
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Ninja bear will make sure it goes down! Ninja Bear the "Bull SmaZZher" |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2013, 11:01:19 PM |
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ag@th0s
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July 18, 2013, 11:17:56 PM |
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Ninja bear will make sure it goes down! How many times have I told you to stop playing with your food! (ok - it's not a Panda - I digress) |
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Pale Phoenix
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July 18, 2013, 11:18:04 PM |
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and yes. growing pains is likely. bitinstant went down because they too became over successful.
LOL wut? I think you need to do some more research. |
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Pale Phoenix
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July 18, 2013, 11:22:35 PM |
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many numerous verified reports of people receiving their wires in the last 2 days!
I haven't followed up on this yet, but if true, and they have their banking problems resolved, it is excellent news. The price will probably go down in the short term, but it would help to restore confidence, and we need all of that we can get. |
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superduh
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July 18, 2013, 11:36:21 PM |
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and yes. growing pains is likely. bitinstant went down because they too became over successful.
LOL wut? I think you need to do some more research. they are closed for business because too many people began using them and they got overloaded (things got really bad with them). bitinstant v3 coming around the corner |
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Spekulatius
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Activity: 1022
Merit: 1000
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July 18, 2013, 11:41:02 PM |
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crap, did MtGox hold trading or what? Total trade seems to have grinded to a halt as everybody is waiting for news about the payouts!
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Ultraviolet
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Merit: 10
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July 18, 2013, 11:51:13 PM |
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crap, did MtGox hold trading or what? Total trade seems to have grinded to a halt as everybody is waiting for news about the payouts!
Just standard stagnant, sideways trading. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 19, 2013, 12:01:23 AM |
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dan99
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July 19, 2013, 12:11:48 AM |
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 Up Up We goes |
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 19, 2013, 12:16:16 AM |
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Almost no volume....
<chirp> <chirp>
<cricket>
It looks like everybody is just waiting for the funds to be released -or not-.
Any opportune whaly could easily move things down now with little volume, while to move the price believably up the same way would require much more of it.
Actually bids and asks are fairly balanced in both directions, at least for te first $10 either way. |
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Spekulatius
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Activity: 1022
Merit: 1000
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July 19, 2013, 12:20:49 AM |
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Almost no volume....
<chirp> <chirp>
<cricket>
It looks like everybody is just waiting for the funds to be released -or not-.
Any opportune whaly could easily move things down now with little volume, while to move the price believably up the same way would require much more of it.
Actually bids and asks are fairly balanced in both directions, at least for te first $10 either way. Hi Pirate! Yes, but at this moment of uncertainty a large sell order would make ppl think they missed the news and jump on the Dump Truck. A large Buy would probably have the same effect but would have to be larger for it, because everybody is expecting scores of Bitcoins to be sold at this time, not bought. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 19, 2013, 01:01:28 AM |
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 19, 2013, 01:03:36 AM |
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^ "everyone" is, are they?
Looks like bears had better watch out then.
I'd say.... sorry, "everyone would say"... the recent drop was just due to uncertainty around MtGox and the pricing gap made it unreasonable to buy right now, tipping the supply-demand balance.
Dump trucks? Not so much.
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nmersulypnem
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July 19, 2013, 01:20:29 AM |
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Almost no volume....
<chirp> <chirp>
<cricket>
It looks like everybody is just waiting for the funds to be released -or not-.
Any opportune whaly could easily move things down now with little volume, while to move the price believably up the same way would require much more of it.
Actually bids and asks are fairly balanced in both directions, at least for te first $10 either way. Assuming you believe the API. Did it occur to anyone that many of the transactions and and bids might just be MtGox faking market activity? Why would you trust API data coming from a company that could be dealing with bankruptcy? |
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