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Arcas
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February 17, 2014, 01:31:43 AM |
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I cannot believe stamp is just following gox like this. This is pissing me off. I thought this was over.
Thought Gox price was irrelevant now, Btc-e and stamp just mindlessly following very frustrating trying to trade this  I think it's kind of cute. It's probably bot trading anyway. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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billyjoeallen
Legendary
 Offline
Activity: 1106
Merit: 1007
Hide your women
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February 17, 2014, 01:32:31 AM |
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If there is no new good news this weekend, we will possibly drift to a low that is loosely around 600 before heading back up.
Yeah, that was me. What, no props? I nailed it again!!Well, it hasnt drifted up all that much. We'll give you props when Gox doesn't fuck this up epicly and BTC starts rocketing on there. That's not the call I made. You don't get it. We trade to acumulate BTC, not Fiat. If that's what you were doing and you followed my lead, you'd have those extra coins now. It doesn't matter what happens in the future, I was right. again. within $10. BOOyah! You're welcome ;-) |
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Vycid
Sr. Member
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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February 17, 2014, 01:32:53 AM |
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might send a massive wire to gox tomorrow. it's hard to resist! fiat on gox though *shudder* this could go SO wrong.
I am 5 digits USD on Gox and stuffing all i can on BTC since yesterday. This is the best buying chance we will see in years. Makes sense to me. Either Gox is insolvent and you lose (almost) all. Or they get their act together and you'll get very cheap coins. I wouldn't risk it, but once you're knee-deep in GoxBux you might as well try to make the most of it. There's a GoxCoins/BTC exchange going on now, valuing them at roughly 0.7 each. If sold on Bitstamp, that'd be $635 per BTC as of now, so an effective GoxCoin value of $444.50. The Gox price is ~$315 as of this post. So it makes *absolutely* no sense to be holding GoxBux ATM, you can make over 50% on your USD instantly. In fact, if I could get an instant deposit on Gox, I would deposit all of my liquid assets tomorrow. 'Course, I can't. |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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February 17, 2014, 01:34:33 AM |
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it is unseemly to toot ones own horn bja
though I'm not sure who else is going to do it around here
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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February 17, 2014, 01:35:03 AM |
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I cannot believe stamp is just following gox like this. This is pissing me off. I thought this was over.
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jatajuta
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February 17, 2014, 01:35:29 AM |
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might send a massive wire to gox tomorrow. it's hard to resist! fiat on gox though *shudder* this could go SO wrong.
I am 5 digits USD on Gox and stuffing all i can on BTC since yesterday. This is the best buying chance we will see in years. Makes sense to me. Either Gox is insolvent and you lose (almost) all. Or they get their act together and you'll get very cheap coins. I wouldn't risk it, but once you're knee-deep in GoxBux you might as well try to make the most of it. There's a GoxCoins/BTC exchange going on now, valuing them at roughly 0.7 each. If sold on Bitstamp, that'd be $635 per BTC as of now, so an effective GoxCoin value of $444.50. The Gox price is ~$315 as of this post. So it makes *absolutely* no sense to be holding GoxBux ATM, you can make over 50% on your USD instantly. It does make sense if Gox is not bust and next week we see 900, that's way more than your 50%. Also it is a money I can afford to lose, I mined and bought a good amount of coins in the beginning of 2011, all there is on exchanges is pure profit now. It is a good bet on my view. |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 17, 2014, 01:35:58 AM |
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it is unseemly to toot ones own horn bja
though I'm not sure who else is going to do it around here
LOL. Prolly true, but it's more unseemly to be wrong. |
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TERA
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February 17, 2014, 01:36:47 AM |
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I cannot believe stamp is just following gox like this. This is pissing me off. I thought this was over.
How is it that this one douchebag has controlled the entire btc market for years. btc is supposed to be decentralized. |
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niothor
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February 17, 2014, 01:37:02 AM |
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Now really , all the exchangers going up and down the same time is getting creepy.
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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February 17, 2014, 01:38:01 AM |
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might send a massive wire to gox tomorrow. it's hard to resist! fiat on gox though *shudder* this could go SO wrong.
I am 5 digits USD on Gox and stuffing all i can on BTC since yesterday. This is the best buying chance we will see in years. Makes sense to me. Either Gox is insolvent and you lose (almost) all. Or they get their act together and you'll get very cheap coins. I wouldn't risk it, but once you're knee-deep in GoxBux you might as well try to make the most of it. There's a GoxCoins/BTC exchange going on now, valuing them at roughly 0.7 each. If sold on Bitstamp, that'd be $635 per BTC as of now, so an effective GoxCoin value of $444.50. The Gox price is ~$315 as of this post. So it makes *absolutely* no sense to be holding GoxBux ATM, you can make over 50% on your USD instantly. It does make sense if Gox is not bust and next week we see 900, that's way more than your 50%. Also it is a money I can afford to lose, I mined and bought a good amount of coins in the beginning of 2011, all there is on exchanges is pure profit now. It is a good bet on my view. If Gox returns to $900 it still makes no sense to be holding GoxBux, since they'll be worth LESS than dollar parity at that point instead of 50% more. There is a reasonable argument for holding GoxCoins, though. What I want to know is: where the hell are all the GoxBux coming from? Considering it's been making no sense to hold them for a while now, there should be no one selling to drive the BTC price down. |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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February 17, 2014, 01:39:54 AM |
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How is it that this one douchebag has controlled the entire btc market for years. btc is supposed to be decentralized.
Bitcoin isn't all that decentralized, there's a nice incestuous cabale of developers, mining pool operators and exchange operators. In March 2013, the former two chose one particular hard fork and managed to make it the reality within hours by virtue of mining majority. |
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medialab101
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February 17, 2014, 01:40:27 AM |
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In fact, if I could get an instant deposit on Gox, I would deposit all of my liquid assets tomorrow. I just transferred money this morning and it showed up in my Gox account 15 minutes later (Japan Net Bank method). I would send more but I'm already balls deep... would be a big hit if they actually did run with our money (which I don't think is going to happen but...). If withdrawals haven't been restarted in a day or two and the price is down around $200 I may send more... |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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February 17, 2014, 01:41:03 AM |
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Man, I cannot wait for the next big rally Gonna peak at $5k I imagine  |
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jatajuta
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February 17, 2014, 01:41:53 AM |
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might send a massive wire to gox tomorrow. it's hard to resist! fiat on gox though *shudder* this could go SO wrong.
I am 5 digits USD on Gox and stuffing all i can on BTC since yesterday. This is the best buying chance we will see in years. Makes sense to me. Either Gox is insolvent and you lose (almost) all. Or they get their act together and you'll get very cheap coins. I wouldn't risk it, but once you're knee-deep in GoxBux you might as well try to make the most of it. There's a GoxCoins/BTC exchange going on now, valuing them at roughly 0.7 each. If sold on Bitstamp, that'd be $635 per BTC as of now, so an effective GoxCoin value of $444.50. The Gox price is ~$315 as of this post. So it makes *absolutely* no sense to be holding GoxBux ATM, you can make over 50% on your USD instantly. It does make sense if Gox is not bust and next week we see 900, that's way more than your 50%. Also it is a money I can afford to lose, I mined and bought a good amount of coins in the beginning of 2011, all there is on exchanges is pure profit now. It is a good bet on my view. If Gox returns to $900 it still makes no sense to be holding GoxBux, since they'll be worth LESS than dollar parity at that point instead of 50% more. There is a reasonable argument for holding GoxCoins, though. What I want to know is: where the hell are all the GoxBux coming from? Considering it's been making no sense to hold them for a while now, there should be none left to drive the price down. You are right, that's why I said Im buying everything I can since yesterday, my bet is to stay on GOXBTC when gox resume withdrawals. If they do resume withdrawals and Im on goxbux Im screwed, and if they don't release the withdrawals the only way out is through wire which I presume will get a huge bank run. So it is a no brainer. The risk is high, but it is on these moments that you find the greatest deals. |
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niothor
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February 17, 2014, 01:42:28 AM |
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In fact, if I could get an instant deposit on Gox, I would deposit all of my liquid assets tomorrow. I just transferred money this morning and it showed up in my Gox account 15 minutes later (Japan Net Bank method). I would send more but I'm already balls deep... would be a big hit if they actually did run with our money (which I don't think is going to happen but...). If withdrawals haven't been restarted in a day or two and the price is down around $200 I may send more... If withdrawals aren't restarted in two days , you could have a chance at some 50$ coins. |
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stylin
Member
Offline
Activity: 62
Merit: 10
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February 17, 2014, 01:44:03 AM |
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The only explanation that makes sense: the Gox sellers are accounts which were used to fraudulently withdraw BTC using malleability attacks, and they know those balances will be invalid once Gox gets its shit together. So may as well maximize the panic to potentially buy cheap coins on other exchanges.
Did I nail it or what?
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cee-euros
Member
Offline
Activity: 88
Merit: 10
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February 17, 2014, 01:44:11 AM |
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bistamp showing some balls
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TERA
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February 17, 2014, 01:45:08 AM |
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How is it that this one douchebag has controlled the entire btc market for years. btc is supposed to be decentralized.
Bitcoin isn't all that decentralized, there's a nice incestuous cabale of developers, mining pool operators and exchange operators. In March 2013, the former two chose one particular hard fork and managed to make it the reality within hours by virtue of mining majority. This is exactly what I was talking about in my other thread "the irony of a decentralized currency with a development team" but they don't get it and insist that "open source" keeps everything in check. Well the fact is that open source is irrelevant to the structure of the people who are in control on a minute-to-minute basis. The hard fork being pushed in a matter of hours proves this. There isn't enough time for a big open source community review of the code and nobody has time to do a full audit of the code in an hour. There are people, in control. |
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jatajuta
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February 17, 2014, 01:45:13 AM |
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The only explanation that makes sense: the Gox sellers are accounts which were used to fraudulently withdraw BTC using malleability attacks, and they know those balances will be invalid once Gox gets its shit together. So may as well maximize the panic to potentially buy cheap coins on other exchanges.
Did I nail it or what?
This makes a lot of sense. |
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Arcas
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February 17, 2014, 01:45:35 AM |
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The only explanation that makes sense: the Gox sellers are accounts which were used to fraudulently withdraw BTC using malleability attacks, and they know those balances will be invalid once Gox gets its shit together. So may as well maximize the panic to potentially buy cheap coins on other exchanges.
Did I nail it or what?
Yeah bro, this is obviously the only possible explanation.  *sarcasm* |
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