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Author Topic: Crash is inevitable on MtGox (soon)  (Read 3589 times)
Zaih
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October 13, 2013, 04:15:26 PM
 #21

Disagree, there's a lot of market depth at Bitstamp, if people were willing to get out at 120 - 129 they'd do so on bitstamp now. We'll halt once we hit Bitstamps price, but I have a feeling Bittsamp will rise to match Gox.
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October 13, 2013, 05:05:02 PM
 #22

The price on btcchina.com is currently 828rmb which Google believes is equivalent to $135.

Since they have the largest volume in the last 24 hours it seems reasonable to conclude that that is the correct current price.
The other 12 exchanges in china also broadly agree on this price - the total 24 hour total volume in rmb is more than usd

http://btckan.com/price

All the important activity is currently happening in China - ignore it at your peril.


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October 13, 2013, 05:20:04 PM
 #23

The price on btcchina.com is currently 828rmb which Google believes is equivalent to $135.

Since they have the largest volume in the last 24 hours it seems reasonable to conclude that that is the correct current price.
The other 12 exchanges in china also broadly agree on this price - the total 24 hour total volume in rmb is more than usd

http://btckan.com/price

All the important activity is currently happening in China - ignore it at your peril.




The volume comparison with btcchina is not exactly apples to apples.  Btcchina is apparently charging 0% trade fees currently, so we'd expect that to inflate their trade volume at least to some degree (of course, there's still the spread).  Perhaps more important to note is that trade volume on btcchina has continued to increase and it's now a big player in the market.

Also interesting to note is the "wall":
polarhei
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October 14, 2013, 08:18:33 AM
 #24

Currently MtGox is controlled by few groups of people. They probably have two wallets to follow up. The first is for withdrawal. The second one is to modifying the selling chart. These people not too worry about the withdrawal as they have plenty dollars to follow up.

There is withdrawal, which is slowly made. I try not use the mtgox at the early stage. I stay with the closet to me before switch to.
 
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October 14, 2013, 09:28:46 AM
 #25

i doubt mtgox problems with withdrawals will be solved ever because banks are just starting to make problems to bitcoiners. As long as they don't switch to bitcoins themselves they are going to try to hurt bitcoin economy as much as they can. Which means sooner mtgox would have to make bank for themselves than banks will start cooperating.

theonewhowaskazu
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October 15, 2013, 05:10:30 AM
 #26

The price on btcchina.com is currently 828rmb which Google believes is equivalent to $135.

Since they have the largest volume in the last 24 hours it seems reasonable to conclude that that is the correct current price.
The other 12 exchanges in china also broadly agree on this price - the total 24 hour total volume in rmb is more than usd

http://btckan.com/price

All the important activity is currently happening in China - ignore it at your peril.




The volume comparison with btcchina is not exactly apples to apples.  Btcchina is apparently charging 0% trade fees currently, so we'd expect that to inflate their trade volume at least to some degree (of course, there's still the spread).  Perhaps more important to note is that trade volume on btcchina has continued to increase and it's now a big player in the market.

Also interesting to note is the "wall":


The great wall of BTC-China.

wobber
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October 16, 2013, 10:04:52 AM
 #27

Something really bad is gonna happen to MtGox soon. They are going to loose all their customers. And a heck load of money.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Lohoris
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October 16, 2013, 11:18:22 AM
 #28

Something really bad is gonna happen to MtGox soon. They are going to loose all their customers. And a heck load of money.
This post isn't really helpful, however.

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Erdogan
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October 16, 2013, 11:23:22 AM
 #29

Something really bad is gonna happen to MtGox soon. They are going to loose all their customers. And a heck load of money.

When they go, I hope all the customer records disappear also.

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