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Author Topic: Market holding steady without Mt. Gox  (Read 1235 times)
AngelusWebDesign
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June 24, 2011, 07:08:25 PM
 #1

A little bird told me that BTC are going for almost $17 apiece now!

You have to go to an exchange that isn't Mt. Gox, of course...

Not the mountain, but the hill...
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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jasonk
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June 25, 2011, 01:38:06 AM
 #2

Compare tradhills volume with Mt gox.  Mt gox was doing 30K minimum per day and 200-300K on a very active day.

Tradehill is at like 7k for the day... their most active day.  Trade hill is still tiny in comparison.

I think people are anticipating that when Mt gox opens, trading will begin @ 17.5, so thats where the price is headed at trade hill.
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June 25, 2011, 01:44:01 AM
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I agree -- Mt. Gox is a mountain, Trade Hill is a hill.

A lot of people have money stuck up on the mountain, so even if they prefer Trade Hill now, they have to check it to the party tonight even if just for a little bit.

For all we know, people will get their money & BTC out en masse and then head over to Trade Hill to do their buying/selling.

I guess it depends on where the most money can be made -- it's all about the money for traders (what else would it be all about?)

Matthew


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June 25, 2011, 02:15:07 AM
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I agree -- Mt. Gox is a mountain, Trade Hill is a hill.

A lot of people have money stuck up on the mountain, so even if they prefer Trade Hill now, they have to check it to the party tonight even if just for a little bit.

For all we know, people will get their money & BTC out en masse and then head over to Trade Hill to do their buying/selling.

I guess it depends on where the most money can be made -- it's all about the money for traders (what else would it be all about?)

Matthew




I can always tell how bitcoin prices and difficulty are doing by the number of messages I get for my sales thread.. of course 90% are people who want to buy gear going for 500$ on ebay for 300$ worth of bitcoins, and me pay shipping to nova scotia. and then not getting paid until i ship the goods and they test it run it and overclock it and it runs fine for 2 weeks then maybe they pay me, etc.. etc.. ahhhh bitcoins.

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June 25, 2011, 03:20:12 AM
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I'm looking forward to no fees @ mt gox for 1 month, because some of my transactions will be reversed because of the hacked account that lead to a crash.
Chucksta
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June 25, 2011, 02:59:49 PM
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I'm looking forward to no fees @ mt gox for 1 month, because some of my transactions will be reversed because of the hacked account that lead to a crash.

Yes, that's going to be excellent. I'll hang around for that, at least Smiley
jasonk
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June 26, 2011, 08:18:29 AM
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I'm looking forward to no fees @ mt gox for 1 month, because some of my transactions will be reversed because of the hacked account that lead to a crash.

Yes, that's going to be excellent. I'll hang around for that, at least Smiley


I'm sure once opened up again, we'll see LOTS of trading activity, especially from those with free trades for a month!
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