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Author Topic: Gox BTC hitting TH Auction Block  (Read 6931 times)
DrYe5
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June 25, 2011, 04:02:35 PM
 #1

Fallen 0.30 in first 10 min. of Gox openning. Look out below folks.

EDIT: Live chart: http://bitcoincharts.com/markets/thUSD.html.






Tradehill: http://www.tradehill.com/?r=TH-R15761

tips: 14Z1Bwa8bgEWphjD2qqaXMTY9ucutwuTw8
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qualia8
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June 25, 2011, 04:11:38 PM
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So far, so random.  I'm watching TH and the line is flat.
TraderTimm
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June 25, 2011, 04:12:17 PM
 #3

You're talking about a market that can have 2-dollar or more daily swings.

But I guess its just another troll thread, carry on.

fortitudinem multis - catenum regit omnia
DrYe5
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June 25, 2011, 04:13:07 PM
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Down .90 in 20 min. This is not a linear trend.  Undecided

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mandros
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June 25, 2011, 04:13:59 PM
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So far, so random.  I'm watching TH and the line is flat.

The scale is just wrong.
mpfrank
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June 25, 2011, 04:16:28 PM
 #6

WTF are you all talking about?  In my browser it says trading is still closed and volume is 0.

Oh duh, never mind, you're talking about trading on the hill...

If all the sovereign non-cryptocurrencies will eventually collapse from hyperinflation, you can't afford *not* to invest in Bitcoin...  See my blog at http://minetopics.blogspot.com/ .

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DamienBlack
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June 25, 2011, 04:19:38 PM
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The mt gox bitcoins can't be there yet. There needs to be two sets of confirmations before they'll show.

I suppose someone clever could have withdrawn from gox to their trade hill deposit account, and then they'll only have to wait for one set of confirmations, but we are still about 45 minutes away from anyone managing to get those sold.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
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Alex Beckenham
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June 25, 2011, 04:19:57 PM
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Bring it on... I've got a TH buy order sitting on about 12.5 in case it drops hard while I'm asleep.

andes
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June 25, 2011, 04:20:01 PM
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TH 5 day

BTC Economist
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June 25, 2011, 04:21:27 PM
 #10

Bring it on... I've got a TH buy order sitting on about 12.5 in case it drops hard while I'm asleep.


Not low enough.

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relative
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June 25, 2011, 04:22:52 PM
 #11

that was ONE trade btw. (unless 2 people timed it exactly)
DrYe5
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June 25, 2011, 04:24:08 PM
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Bring it on... I've got a TH buy order sitting on about 12.5 in case it drops hard while I'm asleep.


Not low enough.

Yeah. Opening Gox at 17.5 is a joke. I'd be surprised if there were bids at 15. Only ~250 coins between here and there on TH.

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HideousBeastManGuy
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June 25, 2011, 04:25:44 PM
 #13

They can set the market to any price they'd like and it makes absolutely no difference.  Price doesn't move unless there's a transaction.  MtGox isn't setting the price, the market will quickly fix it.
BTC Economist
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June 25, 2011, 04:26:40 PM
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Price means "Last Price" so to be accurate they should set it at 17.5 since that was their last valid price.  It won't matter.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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TraderTimm
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June 25, 2011, 04:27:40 PM
 #15

Tradehill Last: 16.50

*yawn*


fortitudinem multis - catenum regit omnia
DrYe5
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June 25, 2011, 04:28:46 PM
 #16

They can set the market to any price they'd like and it makes absolutely no difference.  Price doesn't move unless there's a transaction.  MtGox isn't setting the price, the market will quickly fix it.

Quite right. Though it looks like some large player has been aiming for it for the last 36 hours.

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qualia8
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June 25, 2011, 04:29:34 PM
 #17

Movement at TH is thus far only noise, and maybe anticipation of the influx of cash.  Let's see what happens in the next hour.
hamdi
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June 25, 2011, 04:29:34 PM
 #18

everyone just cashing out from mtgox...
lets see how the site will be once the rush is over and everyone has cashed out

zef
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June 25, 2011, 04:30:08 PM
 #19

it looks like there is trading going on right now on gox, if you watch the chart.  I cant make any though, says they are testing.
http://mtgoxlive.com/
TonyHoyle
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June 25, 2011, 04:31:46 PM
 #20

mtgoxlive has tracked TH for the last few days.
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