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JorgeStolfi
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February 07, 2014, 10:20:34 AM
Last edit: February 14, 2014, 12:49:54 AM by JorgeStolfi |
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Why this is CRASHING  Actually this (mini?)crash started at 08:00 07:00 am local time in China. It may be that the banks re-opened after the New Year's holiday week, and money withdrawals became possible again; so that investors who were disappointed with Bitcoin's performance over the holidays immediately started dumping and taking the cash out. EDIT: fixed the time zone (UTC+08:00 not UTC+09:00). Would banks open at 07:00? Perhaps it is people going back to work and using their computers there? Or LAN houses opening? |
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MoreFun
Legendary
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Activity: 1008
Merit: 1003
WePower.red
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February 07, 2014, 10:21:11 AM |
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Had an order of $30K @$501 but canceled it. I´m pretty shocked that we go down or that we already have seen low $600´s...
You believe that anyone has a clear answer? |
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MANofthePEOPLE
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February 07, 2014, 10:21:51 AM |
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Ouch. Assuming that was a fake ~600 BTC wall that just got eaten in a single bite.
Yea, I was wondering about that one. Didn't affect the price at all. |
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mestar
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February 07, 2014, 10:22:02 AM |
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It may be that the banks re-opened after the New Year's holiday week, and money withdrawals became possible again; so that investors who were disappointed with Bitcoin's performance over the holidays immediately started dumping and taking the cash out.
And as we all know, you need to have a bank open to request a withdrawal from a web site. |
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TERA
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February 07, 2014, 10:22:16 AM |
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 I'm looking for an epic bulltrap to occur after this. |
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JorgeStolfi
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February 07, 2014, 10:23:49 AM |
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Mt.GOX was 666.66 USD just now. The Number of the Beast plus a 0.1% transaction fee.  |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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February 07, 2014, 10:26:27 AM |
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Mt.GOX was 666.66 USD just now. The Number of the Beast plus a 0.1% transaction fee. +1 Maths and mysticism all in one Jorge! Well spotted - that ticks the boxes of most camps here... |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 07, 2014, 10:26:47 AM |
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First block hit. Let's see what happens.
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elasticband
Legendary
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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February 07, 2014, 10:27:15 AM |
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I am confused. Did someone just tell the world Gox was broken?
1. BTC-E - 700
2. bitstamp - 680
3. MTgox - 670
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MANofthePEOPLE
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February 07, 2014, 10:27:17 AM |
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First block hit. Let's see what happens.
What does this mean? |
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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February 07, 2014, 10:27:34 AM |
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Had an order of $30K @$501 but canceled it. I´m pretty shocked that we go down or that we already have seen low $600´s...
You believe that anyone has a clear answer? Not really but some guys here have more infos than me. I´m not sure why we even crashed and not sure why we even should go up. Also I´m not sure if I should buy me something usefull with my $46K or really play russian roulet with BTC. |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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February 07, 2014, 10:28:08 AM |
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Had an order of $30K @$501 but canceled it. I´m pretty shocked that we go down or that we already have seen low $600´s...
You believe that anyone has a clear answer? Not really but some guys here have more infos than me. I´m not sure why we even crashed and not sure why we even should go up. Also I´m not sure if I should buy me something usefull with my $46K or really play russian roulet with BTC. play play play  |
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el_rlee
Legendary
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Activity: 1600
Merit: 1014
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February 07, 2014, 10:28:14 AM |
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Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 07, 2014, 10:28:53 AM |
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Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
Bitcoin withdrawals stopped working. |
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el_rlee
Legendary
Offline
Activity: 1600
Merit: 1014
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February 07, 2014, 10:29:18 AM |
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Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
Bitcoin withdrawals stopped working. So you can withdraw neither? |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 07, 2014, 10:29:26 AM |
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First block hit. Let's see what happens.
What does this mean? Miners have not mined a block for over an hour. Means all the coins moving to the exchange to sell have been stuck in queue. Now released. |
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surfer43
Sr. Member
Offline
Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 07, 2014, 10:29:39 AM |
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Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
Bitcoin withdrawals stopped working. So you can withdraw neither? correct  |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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February 07, 2014, 10:30:00 AM |
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Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
Simple Gox-btc losing value v/s Gox-USD, as it cannot be withdrawn.. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 07, 2014, 10:30:29 AM |
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Had an order of $30K @$501 but canceled it. I´m pretty shocked that we go down or that we already have seen low $600´s...
You believe that anyone has a clear answer? Not really but some guys here have more infos than me. I´m not sure why we even crashed and not sure why we even should go up. Also I´m not sure if I should buy me something usefull with my $46K or really play russian roulet with BTC. You don't have a plan so do nothing. |
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TERA
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February 07, 2014, 10:32:20 AM |
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Gox is below bitstamp? How is that possible?
Are fiat withdrawals working again?
Simple Gox-btc losing value v/s Gox-USD, as it cannot be withdrawn.. So when gox fixes btc withdrawals but not fiat withdrawals, does it rocket back up again? |
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