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Author Topic: The "I have all mt BTC in Mt.Gox" Have it, or do they?  (Read 1026 times)
dinzy
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June 21, 2011, 03:30:40 AM
 #1

Discuss....

How does the tradehill uptrend relate to the actual market?

Is it due to the promised Mt.Gox 17.5 price (which is silly to assume as solid) or is it just reasonable caution knowing that the market won't flex it's muscles until Mt.Gox reopens?  Do we all somehow know a BTC is now worth more than 13 USD for sure?

This shit is so unpredictable... I fucking love it!
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Bit_Happy
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June 21, 2011, 03:41:21 AM
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How hard is it to get money into Tradehill?
^^^
No idea re: the buyers.
Sellers == Most of the supply is trapped inside MtGox, so in theory the real price could be $6.50 to $7.50, or even $2.50 to $3.50, both of which were actual trading ranges < 2 months ago.

Despite the above, I want to remain optimistic.

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dinzy
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June 21, 2011, 04:36:21 AM
 #3

 To get money into Tradehill from Dwolla took ~ 20 hrs for me.

To get money into Dwolla seems to take 3 full days now. 

To get money into MtGox from dwolla is only ~ 15 minutes

It seems to really approximate the old markets of the early 20th century in both size and liquidity yet with 21st century IT.  If I were an academic economist, I'd be all over this shit in a heartbeat.

The delays have an impact, but the sellers on Tradehill have been very, very patient.  I got 1 BTC at 7.xx and none at 5 and 6 where I loaded my measley 400 USD. 

The smart move now is to get as many BTC from Tradehill and move them to MtGox if you plan to sell and rebuy.   
Chucksta
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June 21, 2011, 12:21:19 PM
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To get money into Tradehill from Dwolla took ~ 20 hrs for me.

To get money into Dwolla seems to take 3 full days now. 

To get money into MtGox from dwolla is only ~ 15 minutes

It seems to really approximate the old markets of the early 20th century in both size and liquidity yet with 21st century IT.  If I were an academic economist, I'd be all over this shit in a heartbeat.

The delays have an impact, but the sellers on Tradehill have been very, very patient.  I got 1 BTC at 7.xx and none at 5 and 6 where I loaded my measley 400 USD. 

The smart move now is to get as many BTC from Tradehill and move them to MtGox if you plan to sell and rebuy.   

Sounds good, but if anyone on the MT Gox site has any buy orders way above the current market value, what they should do is get on the site as fast as possible and cancel their trades.

What MT Gox should do, is not allow any trades for a while after the site is back up (people able to access their accounts), so that people with buy/sell orders aren't punished for something that is not their fault.
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June 21, 2011, 12:49:22 PM
 #5

MtGox announced that they would be flushing any open orders before opening the market

Chucksta
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June 21, 2011, 01:37:55 PM
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MtGox announced that they would be flushing any open orders before opening the market

yeah, a friend just informed me of that. Might pay if I actually read the info on their site, lol
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