kurious
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Activity: 2618
Merit: 1749
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February 22, 2014, 04:08:57 PM |
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I just started to explore the options of sending some money to Gox  I was looking at just a few hundred bucks this morning, but I just can't do it. You think - 'what the hell a few hundred won't make any difference' and with BTC at a hundred USD it is really tempting. But the feeling if it all goes tits up would be worse. I would say: just be happy the rest of your stash will be rising in value and you'll get coins back that you have probably (at least partly) written off. YOu can't lose money with Bitcoinbuilder out there. 10000 to Gox, you buy 100 (let's say it's that price) for 100. You sell 50 at Bitcoinbuilder for 20 and you're already better than buying on Stamp + you have 50 to gamble and wait for eventual Gox withdrawal. Or you sell all 100 for 40 BTC, sell 20 BTC on Stamp for 11 000$ and you're good 1000$ and 20 BTC  Yep - but there is still a risk if Gox closes / shuts down before fiat arrives, or soon after. How long does fiat take to get in? |
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oda.krell
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Activity: 1470
Merit: 1007
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February 22, 2014, 04:10:22 PM |
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Alright, things are starting to look a bit brighter already.
Let's see if we manage to break through 600-620 on a bit of volume.
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biafore
Newbie
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Activity: 42
Merit: 0
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February 22, 2014, 04:11:55 PM |
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I just started to explore the options of sending some money to Gox its not to late GOXBTC might soon be valued more than actual BTC, GOXBTC IS THE FUTURE The feeling you get when you realize you've sold your entire stash for 0.35 BTC, And now are watching it rise. Damn thats gotta suck. Mt. Gox to the Moon, even adam, writings on the wall |
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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February 22, 2014, 04:12:30 PM |
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I just started to explore the options of sending some money to Gox I was looking at just a few hundred bucks this morning, but I just can't do it. You think - 'what the hell a few hundred won't make any difference' and with BTC at a hundred USD it is really tempting. But the feeling if it all goes tits up would be worse. I would say: just be happy the rest of your stash will be rising in value and you'll get coins back that you have probably (at least partly) written off. YOu can't lose money with Bitcoinbuilder out there. 10000 to Gox, you buy 100 (let's say it's that price) for 100. You sell 50 at Bitcoinbuilder for 20 and you're already better than buying on Stamp + you have 50 to gamble and wait for eventual Gox withdrawal. Or you sell all 100 for 40 BTC, sell 20 BTC on Stamp for 11 000$ and you're good 1000$ and 20 BTC Yep - but there is still a risk if Gox closes / shuts down before fiat arrives, or soon after. How long does fiat take to get in? I don't know, I would only do it if I could transfer fiat from some other exchange like it was the case with Bitinstant and Aurumexchange before. Unfortunately, there are no such options anymore. |
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dreamspark
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February 22, 2014, 04:13:01 PM |
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Panic buying on bitcoinbuilder lol
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kurious
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Activity: 2618
Merit: 1749
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February 22, 2014, 04:14:26 PM |
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Alright, things are starting to look a bit brighter already.
Let's see if we manage to break through 600-620 on a bit of volume.
But this is one little bit of news.... If Gox announces anything , even a date for withdrawals, however restricted - then things will be solid. Another week with nothing solid and it's back down in the doldrums... |
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Walsoraj
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February 22, 2014, 04:18:21 PM |
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yes this has me worried as well
but gox said it would impose daily limits
sooooo.... tricky times indeed.
If the limits are stupidly low and/or change without warning, we are going to see some epic volatility. |
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kurious
Legendary
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Activity: 2618
Merit: 1749
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February 22, 2014, 04:18:32 PM |
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On the up-side, Karepeles must be reassured that 'good news' from Gox will save his ass.
OK - withdrawals could see dumps, but an announcement with credibility will see Gox up to around market price in hours and other exchanges bullish too, who would dump coins if all the market was rising?
Edit: spelling etc
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kurious
Legendary
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Activity: 2618
Merit: 1749
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February 22, 2014, 04:22:44 PM |
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Fiatleak showing over 11000 / hr coming in - about 75% CNY
Bullish (for now)
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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February 22, 2014, 04:27:02 PM |
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next week's headline could read "MtGox reopen withdrawal, BTC make new all time high" "Bitcoin has recovered, invest opportunity?" "No more seller on MtGox, price rockets towards infinity" " DOW crashes 10% in 6 hours. Bitcoin Up 500% "  |
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MANofthePEOPLE
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February 22, 2014, 04:31:19 PM |
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What a shame.. Was planning on sending a wire monday morning if it didn't rise by then
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kurious
Legendary
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Activity: 2618
Merit: 1749
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February 22, 2014, 04:35:03 PM |
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next week's headline could read "MtGox reopen withdrawal, BTC make new all time high" "Bitcoin has recovered, invest opportunity?" "No more seller on MtGox, price rockets towards infinity" " DOW crashes 10% in 6 hours. Bitcoin Up 500% " Always positive Adam - good on you. You back in all the way? Wait for Jorge's sleep time thingy and see if it holds... Don't forget it will fizzle if Gox is quiet as a church mouse for another week. The positive to take from this, if Gox does come up with a positive announcement - it will go nuts. It's such a drag, lifting it, even slightly will produce huge jumps. |
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samson
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Activity: 2097
Merit: 1071
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February 22, 2014, 04:35:11 PM |
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What a shame.. Was planning on sending a wire monday morning if it didn't rise by then
The thing about this is you needed to send it last week - like last monday then hope it arrives in less than a week - which it won't. |
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bangersdad
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February 22, 2014, 04:35:40 PM |
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So anyone who sodl at $100...how does it feel?
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MANofthePEOPLE
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February 22, 2014, 04:36:56 PM |
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What a shame.. Was planning on sending a wire monday morning if it didn't rise by then
The thing about this is you needed to send it last week - like last monday then hope it arrives in less than a week - which it won't. Well I have made one deposit to gox (in december) and I think that took less than a week. Someone who wired 50k in this thread says it takes around 48 hours |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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February 22, 2014, 04:37:23 PM |
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I am still not convinced about the price going up, looks like a trap to me, well If it wont go down, I will cash out the money I have in Bitstamp....
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600watt
Legendary
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Activity: 2338
Merit: 2106
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February 22, 2014, 04:37:48 PM |
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now i know what will happen: gox flips back to 1000, but this time stamp stays 500 ahead !  |
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ardana123
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February 22, 2014, 04:38:37 PM |
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So anyone who sodl at $100...how does it feel?
Probably mad as fuck. Me not being one of them. I am mad about selling my goxbtc on bitcoinbuilder prematurely right now though. |
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EuroTrash
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February 22, 2014, 04:38:46 PM |
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This rise is too fast. Is there something on Gox website?
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electronistul
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February 22, 2014, 04:38:50 PM |
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WTF just happened ? I'm so glad I did not get caught with fiat on the exchages, but anyway ...
insider info ?
L.E. : my MtGox withdraw page has the daily amounts changed (from two hours ago ... ) hmmm
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