ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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February 16, 2014, 06:57:44 AM |
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what the fuck @ mtgox price!
I'm seriously *this* close to wire money there. The only thing keeping me from doing it is that I can't bring myself to support that incompetent piece of .... in any way.
I don't get it. It's not that unlikely for magicaltux to return the coins, is it?
What's the going rate for 1 mtgoxBTC in blockchainlBTC?
It does not make much sense because they are trading GoxBTC for GoxUSD, and magicaltux is way more likely to return BTC than USD. There is of course the explanation of market manipulation.
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 16, 2014, 06:58:33 AM |
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^^ Ya. Something really not right about this whole thing.
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fonzie
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February 16, 2014, 06:59:48 AM |
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Now would be a good time to shut/cool down the servers @ Gox, just like in April and leave the rest of the market alone for 2 days with a price of 270$.
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WuttWutt
Newbie
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Activity: 28
Merit: 0
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February 16, 2014, 07:00:27 AM |
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i think thousands of bitcoins from mtgox are stolen through the tx trick so i doubt they'll enable bitcoin w/d soon
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medialab101
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February 16, 2014, 07:02:13 AM |
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I was feeling really happy with myself a few days ago when I was picking up Gox BC at a $200 discount compared to other exchanges... had I known the level of insanity would reach these levels...
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 16, 2014, 07:03:19 AM |
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Question for you old timers: Is Mark capable of shitting on his customers and XBT at the same time?
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KeyserSoze
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February 16, 2014, 07:05:30 AM |
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[Bitcoin] may work better with "permission" from government, banks, but it doesn't need permission.
That was the common belief before China showed how easily it can be done. I do not see how the blockchain could be maintained if the US government decided to stop Bitcoin. A government can ban Bitcoin but that doesn't mean it stops. This honey badger doesn't need your permission. I used Google when it was still a student's project based at Stanford; I did not consider it a "risk" then, but now I see it as a huge risk for all mankind. I see why you say your students ignore you. Perhaps they too see a dinosaur braying at a meteor shower.
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pjviitas
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February 16, 2014, 07:06:09 AM |
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Exchange Origin Dates Activ Daily vo Closed? Breached? Repaid? AML Risk Ratio BitcoinMarket US 4/10–6/11 2454 yes yes – 34.3 1.12 Bitomat PL 4/11–8/11 758 yes yes yes 21.7 1.28 FreshBTC PL 8/11–9/11 3 yes no – 21.7 2.01 Bitcoin7 US/BG 6/11–10/11 528 yes yes no 33.3 1.59 ExchangeBitCoins.com US 6/11–10/11 551 yes no – 34.3 0.65 Bitchange.pl PL 8/11–10/11 380 yes no – 21.7 0.61 Brasil Bitcoin Market BR 9/11–11/11 0 yes no – 24.3 3.85 Aqoin ES 9/11–11/11 11 yes no – 30.7 1.57 Global Bitcoin Exchange ? 9/11–1/12 14 yes no – 27.9 1.45 Bitcoin2Cash US 4/11-1/12 18 yes no – 34.3 1.47 TradeHill US 6/11-2/12 5082 yes yes yes 34.3 0.94 World Bitcoin Exchange AU 8/11–2/12 220 yes yes no 25.7 1.8 Ruxum US 6/11–4/12 37 yes no yes 34.3 1.24 btctree US/CN 5/12–7/12 75 yes no yes 29.2 0.98 btcex.com RU 9/10–7/12 528 yes no no 27.7 0.61 IMCEX.com SC 7/11–10/12 2 yes no – 11.9 1.88 Crypto X Change AU 11/11–11/12 874 yes no – 25.7 0.53 Bitmarket.eu PL 4/11–12/12 33 yes no no 21.7 1.09 bitNZ NZ 9/11–pres. 27 no no – 21.3 1.14 ICBIT Stock Exchange SE 3/12–pres. 3 no no – 27 2.15 WeExchange US/AU 10/11–pres. 2 no no – 30 2.23 Vircurex US? 12/11–pres. 6 no yes – 27.9 4.41 btc-e.com BG 8/11–pres. 2604 no yes yes 32.3 1.08 Mercado Bitcoin BR 7/11–pres. 67 no no – 24.3 0.95 Canadian Virtual Exchan CA 6/11–pres. 832 no no – 25 0.53 btcchina.com CN 6/11–pres. 473 no no – 24 0.6 bitcoin-24.com DE 5/12–pres. 924 no no – 26 0.52 VirWox DE 4/11–pres. 1668 no no – 26 0.45 Bitcoin.de DE 8/11–pres. 1204 no no – 26 0.49 Bitcoin Central FR 1/11–pres. 118 no no – 31.7 0.91 Mt. Gox JP 7/10–pres. 43230 no yes yes 22.7 0.49 Bitcurex PL 7/12–pres. 157 no no – 21.7 0.76 Kapiton SE 4/12–pres. 160 no no – 27 0.8 bitstamp SL 9/11–pres. 1274 no no – 35.3 0.54 InterSango UK 7/11–pres. 2741 no no – 35.3 0.45 Bitfloor US 5/12–pres. 816 no yes no 34.3 1.45 Camp BX US 7/11–pres. 622 no no – 34.3 0.63 The Rock Trading Compan US 6/11–pres. 52 no no – 34.3 1.14 bitme US 7/12–pres. 77 no no – 34.3 1.04 FYB-SG SG 1/13–pres. 3 no no – 33.7 2.23
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PirateHatForTea
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February 16, 2014, 07:06:34 AM |
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What is really bizarre in all this is that holders of GoxBTC can currently exchange them for realBTC at 0.78 at bitconbuilder.com, yet they are selling them at < .5 of stamp price. They could sell their goxbtc for realbtc, sell those on a reliable exchange, and get more $ than selling one gox, and not have to worry about insolbvency or waiting months for withdrawals.
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pjviitas
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February 16, 2014, 07:07:35 AM |
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Exchange Origin Dates Activ Daily vo Closed? Breached? Repaid? AML Risk Ratio BitcoinMarket US 4/10–6/11 2454 yes yes – 34.3 1.12 Bitomat PL 4/11–8/11 758 yes yes yes 21.7 1.28 FreshBTC PL 8/11–9/11 3 yes no – 21.7 2.01 Bitcoin7 US/BG 6/11–10/11 528 yes yes no 33.3 1.59 ExchangeBitCoins.com US 6/11–10/11 551 yes no – 34.3 0.65 Bitchange.pl PL 8/11–10/11 380 yes no – 21.7 0.61 Brasil Bitcoin Market BR 9/11–11/11 0 yes no – 24.3 3.85 Aqoin ES 9/11–11/11 11 yes no – 30.7 1.57 Global Bitcoin Exchange ? 9/11–1/12 14 yes no – 27.9 1.45 Bitcoin2Cash US 4/11-1/12 18 yes no – 34.3 1.47 TradeHill US 6/11-2/12 5082 yes yes yes 34.3 0.94 World Bitcoin Exchange AU 8/11–2/12 220 yes yes no 25.7 1.8 Ruxum US 6/11–4/12 37 yes no yes 34.3 1.24 btctree US/CN 5/12–7/12 75 yes no yes 29.2 0.98 btcex.com RU 9/10–7/12 528 yes no no 27.7 0.61 IMCEX.com SC 7/11–10/12 2 yes no – 11.9 1.88 Crypto X Change AU 11/11–11/12 874 yes no – 25.7 0.53 Bitmarket.eu PL 4/11–12/12 33 yes no no 21.7 1.09 bitNZ NZ 9/11–pres. 27 no no – 21.3 1.14 ICBIT Stock Exchange SE 3/12–pres. 3 no no – 27 2.15 WeExchange US/AU 10/11–pres. 2 no no – 30 2.23 Vircurex US? 12/11–pres. 6 no yes – 27.9 4.41 btc-e.com BG 8/11–pres. 2604 no yes yes 32.3 1.08 Mercado Bitcoin BR 7/11–pres. 67 no no – 24.3 0.95 Canadian Virtual Exchan CA 6/11–pres. 832 no no – 25 0.53 btcchina.com CN 6/11–pres. 473 no no – 24 0.6 bitcoin-24.com DE 5/12–pres. 924 no no – 26 0.52 VirWox DE 4/11–pres. 1668 no no – 26 0.45 Bitcoin.de DE 8/11–pres. 1204 no no – 26 0.49 Bitcoin Central FR 1/11–pres. 118 no no – 31.7 0.91 Mt. Gox JP 7/10–pres. 43230 no yes yes 22.7 0.49 Bitcurex PL 7/12–pres. 157 no no – 21.7 0.76 Kapiton SE 4/12–pres. 160 no no – 27 0.8 bitstamp SL 9/11–pres. 1274 no no – 35.3 0.54 InterSango UK 7/11–pres. 2741 no no – 35.3 0.45 Bitfloor US 5/12–pres. 816 no yes no 34.3 1.45 Camp BX US 7/11–pres. 622 no no – 34.3 0.63 The Rock Trading Compan US 6/11–pres. 52 no no – 34.3 1.14 bitme US 7/12–pres. 77 no no – 34.3 1.04 FYB-SG SG 1/13–pres. 3 no no – 33.7 2.23
This won't be the first exchange to fail...its actually been breached before. It's death was probably inevitable.
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RicePicker
Full Member
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Activity: 216
Merit: 100
RicePicker
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February 16, 2014, 07:08:37 AM |
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If Gox reaches a low enough level, Mark can buy up all the bitcoins on the exchange just with all the money he has made on exchange fees. After that dumping it on any exchange for 3-4X profit looks easy.
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Mythul
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February 16, 2014, 07:10:33 AM |
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Ok wtf @gox ? It is insane !
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RicePicker
Full Member
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Activity: 216
Merit: 100
RicePicker
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February 16, 2014, 07:16:18 AM |
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Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp?
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traderCJ
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February 16, 2014, 07:18:50 AM |
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Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp? Nothing, and this is what will happen. Gox will pull down the other exchanges through selling pressure if withdrawals are re enabled.
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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February 16, 2014, 07:20:53 AM |
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Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp? Or anyone for that matter....
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sumantso
Legendary
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Activity: 1050
Merit: 1000
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February 16, 2014, 07:22:51 AM |
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Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp? I think that is part of the plan. Its one huge manipulation stunt pulled by gox. Good for me, though
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creekbore
Full Member
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 16, 2014, 07:23:22 AM |
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Meanwhile, on Stamp the 10% chart range is wild - down to 630 or upto 690
Madam et monsieur, place your bets
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 16, 2014, 07:24:12 AM |
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I've been trying to apply some logic to this situation and am not able to reach a rational solution except that MtSux is truly insolvent and a select few insiders know it.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 16, 2014, 07:24:41 AM |
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What is really bizarre in all this is that holders of GoxBTC can currently exchange them for realBTC at 0.78 at bitconbuilder.com, yet they are selling them at < .5 of stamp price. They could sell their goxbtc for realbtc, sell those on a reliable exchange, and get more $ than selling one gox, and not have to worry about insolbvency or waiting months for withdrawals.
I do wonder whether those bids are still being honoured.
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