Bitcoin Forum
November 07, 2024, 03:32:27 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Crash is inevitable on MtGox (soon)  (Read 3767 times)
Zaih
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
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.
dancupid
Hero Member
*****
Offline Offline

Activity: 955
Merit: 1002



View Profile
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.


SheHadMANHands
Legendary
*
Offline Offline

Activity: 1168
Merit: 1000


View Profile
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
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


Firing it up


View Profile
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.
 
tutkarz
Hero Member
*****
Offline Offline

Activity: 546
Merit: 501


View Profile
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
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
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
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
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
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


Bitgoblin


View Profile
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.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
Erdogan
Legendary
*
Offline Offline

Activity: 1512
Merit: 1005



View Profile
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.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!