Ivanhoe
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December 12, 2013, 10:08:03 AM |
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What a neat logo you have up there USA TodayWhy did they do that? I just checked myself and it really is there.
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N12
Donator
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Activity: 1610
Merit: 1010
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December 12, 2013, 10:09:05 AM |
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I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
I see it the same. MtGox sucks, but at least they probably won't go away. Here is a relevant paper trying to quantify those risks: http://lyle.smu.edu/~tylerm/fc13.pdf
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lucas.sev
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December 12, 2013, 10:09:41 AM |
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What a neat logo you have up there USA TodayWhy did they do that? I just checked myself and it really is there. it's a link to an article on btc
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zby
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December 12, 2013, 10:09:51 AM |
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I seriously can't believe people are still trading on MtGox.
I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time. Mtgox also has the highest price (and much volume/depth) and I am able to withdraw euro (or simply wait for price to equal any other exchange which happens occasionally). If I'm going to sell, it makes sense to sell for the highest price I can get. In conclusion I like gox, and I feel that my funds are safe with them. Goxxing doesn't bother me so much, yes it can be annoying, but trust is more important for me (but i don't trade a lot anyways). I think btc-e is great, low fees, many trading opportunities, but I don't trust them as much (or more precise I'm fearing that they will eventually be targeted by law enforcement). And correct me if I'm wrong, but Japanese and Polish account holders don't have delays when withdrawing from MtGox, no? Isn't it just the US and other parts of Europe? I hoped so - but my transfer to a Polish bank is still just 'confirmed' for nearly two weeks now.
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windjc
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Activity: 2156
Merit: 1070
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December 12, 2013, 10:10:01 AM |
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We are in a full bear market now and wishful thinking won't change a thing. Expect the price to go down for a long while (except the bounces here and there).
The best you can hope for is a sideways to downward movement lasting 2-6 weeks, but never going below $600. Thats best case scenario for you. Money is flowing into the exchanges and massive amounts are accumulating on the sidelines. When the market starts to go up again (after its found the new bottom its searching for now) that money is going to be forced back into the market and ATHs will be days away at that point. I'm not eager to buy back, as it will take a really long time (several weeks to several months) to find a low. And yes I think it is going below $600. Anyway we will find out soon enough. It took years to recover from 2011. It took months to recover from April 2013. This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66. People are staring at $600 now. Everyone knows the significance of that #. Barring bad news, I don't think we go below it. If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February.
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MicroFi
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December 12, 2013, 10:10:49 AM |
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Why did they do that? I just checked myself and it really is there.
Try clicking the logo
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 12, 2013, 10:11:06 AM |
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I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
I see it the same. MtGox sucks, but at least they probably won't go away. Here is a relevant paper trying to quantify those risks: http://lyle.smu.edu/~tylerm/fc13.pdfThis is seriously great stuff. You got any other papers on quantitative approaches to Bitcoin risk, Blitz? We are in a full bear market now and wishful thinking won't change a thing. Expect the price to go down for a long while (except the bounces here and there).
The best you can hope for is a sideways to downward movement lasting 2-6 weeks, but never going below $600. Thats best case scenario for you. Money is flowing into the exchanges and massive amounts are accumulating on the sidelines. When the market starts to go up again (after its found the new bottom its searching for now) that money is going to be forced back into the market and ATHs will be days away at that point. I'm not eager to buy back, as it will take a really long time (several weeks to several months) to find a low. And yes I think it is going below $600. Anyway we will find out soon enough. It took years to recover from 2011. It took months to recover from April 2013. This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66. People are staring at $600 now. Everyone knows the significance of that #. Barring bad news, I don't think we go below it. If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February. Agreed. The cycle is accelerating, all the signs are there. We're hitting the mainstream. Train is picking up steam, if you like. Risto and the bears are myopically pointing to the meaningless trendline... look at the time lag between the April and November rallies compared to the behavior before, and tell me this thing isn't accelerating. I'd be unsurprised to see the next rally inside of 3 months.
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gandhibt
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December 12, 2013, 10:13:59 AM |
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I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
I see it the same. MtGox sucks, but at least they probably won't go away. Here is a relevant paper trying to quantify those risks: http://lyle.smu.edu/~tylerm/fc13.pdfGox had 80% share back when that was made.
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 12, 2013, 10:15:45 AM |
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I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
I see it the same. MtGox sucks, but at least they probably won't go away. Here is a relevant paper trying to quantify those risks: http://lyle.smu.edu/~tylerm/fc13.pdfGox had 80% share back when that was made. And Bitfloor was still around. It was one of the "surviving exchanges".
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traderCJ
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December 12, 2013, 10:17:04 AM |
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We are in a full bear market now and wishful thinking won't change a thing. Expect the price to go down for a long while (except the bounces here and there).
The best you can hope for is a sideways to downward movement lasting 2-6 weeks, but never going below $600. Thats best case scenario for you. Money is flowing into the exchanges and massive amounts are accumulating on the sidelines. When the market starts to go up again (after its found the new bottom its searching for now) that money is going to be forced back into the market and ATHs will be days away at that point. I'm not eager to buy back, as it will take a really long time (several weeks to several months) to find a low. And yes I think it is going below $600. Anyway we will find out soon enough. Yeah, my guess is if that does happen, it'll be between now and the New Year. I don't think it will break that low, though. We'll see.
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spooderman
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Activity: 1652
Merit: 1029
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December 12, 2013, 10:17:14 AM |
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I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
I see it the same. MtGox sucks, but at least they probably won't go away. Here is a relevant paper trying to quantify those risks: http://lyle.smu.edu/~tylerm/fc13.pdfGox had 80% share back when that was made. It starts : Bitcoin has enjoyed wider adoption than any previous crypto-currency. Wasn't it the first?
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gandhibt
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December 12, 2013, 10:17:34 AM |
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I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time.
I see it the same. MtGox sucks, but at least they probably won't go away. Here is a relevant paper trying to quantify those risks: http://lyle.smu.edu/~tylerm/fc13.pdfGox had 80% share back when that was made. And Bitfloor was still around. It was one of the "surviving exchanges". Didn't noticed that
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gandhibt
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December 12, 2013, 10:19:59 AM |
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Pietila should read about KISS strategy. As long as we are above halfway of last rise ($650 stamp) and longer we are above there, it's bullish and we're probably preparing for major up move. Bitstamp has nearly ath bid sum too? Pietila has so much coins, so maybe he wants too much to buy that silly castle and that's clouding hes judgment. This is ofc a good thing because this is how whales give those coins to us. I'll add here that all other than btce did higher low few hours back.
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 12, 2013, 10:20:15 AM |
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Son of a bitch. I wanted Coinbase options so badly, but I didn't have the right skills for any of their open positions.
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gandhibt
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December 12, 2013, 10:22:25 AM |
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We are in a full bear market now and wishful thinking won't change a thing. Expect the price to go down for a long while (except the bounces here and there).
The best you can hope for is a sideways to downward movement lasting 2-6 weeks, but never going below $600. Thats best case scenario for you. Money is flowing into the exchanges and massive amounts are accumulating on the sidelines. When the market starts to go up again (after its found the new bottom its searching for now) that money is going to be forced back into the market and ATHs will be days away at that point. I'm not eager to buy back, as it will take a really long time (several weeks to several months) to find a low. And yes I think it is going below $600. Anyway we will find out soon enough. Yeah, my guess is if that does happen, it'll be between now and the New Year. I don't think it will break that low, though. We'll see. If you want to take high risks and hold fiat then i suggest kindly that you set yourself a strict stop-loss and obey it when the time comes, even thou it's hard, it has to be done.
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ChefBorjan
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December 12, 2013, 10:25:43 AM |
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All I try to do on the 'clear drops' is take the small trading fraction of my BTC holdings and increase it by 7%, then hold it again until I see a 'clear drop' again.
No point trying for more I figure, being greedy is only going to bite me back later... so come on, drop a few dollars more....
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 12, 2013, 10:25:54 AM |
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Wow. That's really bullish news. Those signups are off the charts. Had no idea they were doing that many processes. No wonder it took them 2 weeks to respond to a question.
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windjc
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December 12, 2013, 10:26:29 AM |
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All I try to do on the 'clear drops' is take the small trading fraction of my BTC holdings and increase it by 7%, then hold it again until I see a 'clear drop' again.
No point trying for more I figure, being greedy is only going to bite me back later... so come on, drop a few dollars more....
Yeah thats pretty easy these days.
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ChefBorjan
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December 12, 2013, 10:30:19 AM |
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All I try to do on the 'clear drops' is take the small trading fraction of my BTC holdings and increase it by 7%, then hold it again until I see a 'clear drop' again.
No point trying for more I figure, being greedy is only going to bite me back later... so come on, drop a few dollars more....
Yeah thats pretty easy these days. I would argue its still not easy. Otherwise everyone would be doing it right?
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