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Author Topic: Is Gox imploading before our very eyes????  (Read 2936 times)
DieJohnny (OP)
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January 26, 2014, 10:11:24 AM
 #1

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh

Those who hold and those who are without property have ever formed distinct interests in society
T.Stuart
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January 26, 2014, 10:13:29 AM
 #2

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

                                                                               
███████████████▄▄▄                     ▄█▄     ▀█████▄                     ▄█████▀
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fonzie
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January 26, 2014, 10:16:17 AM
 #3

I don´t think that they will be around in 4 weeks.
Maybe we will see a new ATH today on Gox. Deposit your coins on Gox, now, it´s easy money! Cheesy

"To know death, Otto, you have to fuck life in the gallbladder"
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DieJohnny (OP)
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January 26, 2014, 10:18:27 AM
 #4

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

I am watching but Gox has leaped to near 1000 again and stamp and btc didn't care until the last hour. I think they are watching Gox and are thinking they are missing the train, but the fact they did nothing for 8 hours tells me Gox is become a joke almost overnight.


Those who hold and those who are without property have ever formed distinct interests in society
T.Stuart
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January 26, 2014, 10:21:29 AM
 #5

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

I am watching but Gox has leaped to near 1000 again and stamp and btc didn't care until the last hour. I think they are watching Gox and are thinking they are missing the train, but the fact they did nothing for 8 hours tells me Gox is become a joke almost overnight.


Gox has not been leaping anywhere for hours. It is BTC-e that just leaped by a long way. Here's the chart for you: http://bitcoinwisdom.com/markets/btce/btcusd

                                                                               
███████████████▄▄▄                     ▄█▄     ▀█████▄                     ▄█████▀
████████████████████▄                ▄█████▄     ▀█████▄                 ▄█████▀
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DieJohnny (OP)
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January 26, 2014, 10:28:01 AM
 #6

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

I am watching but Gox has leaped to near 1000 again and stamp and btc didn't care until the last hour. I think they are watching Gox and are thinking they are missing the train, but the fact they did nothing for 8 hours tells me Gox is become a joke almost overnight.


Gox has not been leaping anywhere for hours. It is BTC-e that just leaped by a long way. Here's the chart for you: http://bitcoinwisdom.com/markets/btce/btcusd

Gox goes from 950-981 in the last 8 hours and BTCE actually tests 790 in the same window.... uhhhh

Those who hold and those who are without property have ever formed distinct interests in society
T.Stuart
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January 26, 2014, 10:30:26 AM
 #7

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

I am watching but Gox has leaped to near 1000 again and stamp and btc didn't care until the last hour. I think they are watching Gox and are thinking they are missing the train, but the fact they did nothing for 8 hours tells me Gox is become a joke almost overnight.


Gox has not been leaping anywhere for hours. It is BTC-e that just leaped by a long way. Here's the chart for you: http://bitcoinwisdom.com/markets/btce/btcusd

Gox goes from 950-981 in the last 8 hours and BTCE actually tests 790 in the same window.... uhhhh

BTC-e up $33 in 2 hours. There's the leap for you.

                                                                               
███████████████▄▄▄                     ▄█▄     ▀█████▄                     ▄█████▀
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.◆ ◆ ◆ ONE TOKEN TO MOVE ANYTHING ANYWHERE ◆ ◆ ◆.
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fonzie
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January 26, 2014, 10:30:51 AM
 #8

https://bitcointalk.org/index.php?topic=429769.0

https://bitcointalk.org/index.php?topic=12818.0

I repeat, everything is OK on Mt.Gox they are rocksolid. Fact

"To know death, Otto, you have to fuck life in the gallbladder"
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"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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January 26, 2014, 10:32:38 AM
 #9

What may be happening is more players cashing out of Gox via bitcoins. And arbitrage isn't working at all, even via JPY.
There is a small delay (possibly 1 - 2 days) in receiving bitcoins from Gox, so this means that Gox has to get bitcoins from cold storage.
This lead to a strange situation, where Gox looks bullish, while other exchanges do not.

Sometimes, if it looks too bullish, it's actually bearish
DieJohnny (OP)
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January 26, 2014, 10:33:59 AM
 #10

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

I am watching but Gox has leaped to near 1000 again and stamp and btc didn't care until the last hour. I think they are watching Gox and are thinking they are missing the train, but the fact they did nothing for 8 hours tells me Gox is become a joke almost overnight.


Gox has not been leaping anywhere for hours. It is BTC-e that just leaped by a long way. Here's the chart for you: http://bitcoinwisdom.com/markets/btce/btcusd

Gox goes from 950-981 in the last 8 hours and BTCE actually tests 790 in the same window.... uhhhh

BTC-e up $33 in 2 hours. There's the leap for you.

Like I said, BTC-e and stamp ignored Gox for hours, and then responded.  Thanks for repeating my post.

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DieJohnny (OP)
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January 26, 2014, 10:37:12 AM
 #11

What may be happening is more players cashing out of Gox via bitcoins. And arbitrage isn't working at all, even via JPY.
There is a small delay (possibly 1 - 2 days) in receiving bitcoins from Gox, so this means that Gox has to get bitcoins from cold storage.
This lead to a strange situation, where Gox looks bullish, while other exchanges do not.

I had ZERO delay in moving Bitcoin out of Gox. In fact moving Bitcoin out of Gox while I used it for two months was much faster than any other exchange.

So unless something has changed in the last week the lag should still be zero. I don't think Bitcoin withdrawal time has much at all to do with what we are observing. I think Gox users are sick of holding fiat and know they can't move it, so they are buying bitcoin and moving to cold storage or another exchange, like i did... a couple of weeks ago.

EDIT:

The bigger the gap grows the more desperate GOX buying will become. At least that is why I Bitcoined out of Fiat when I did.

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T.Stuart
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January 26, 2014, 10:37:34 AM
 #12

Has the spread between stamp and Gox ever been so big??? Is this effectively a run on the Bitcoin bank, desperate buys fleeing to Bitcoin and heading for the btc-e and bitstamp hills?Huh


Don't know if you're watching but there are "desperate" buys on Stamp and Btc-e at the moment as well!

I am watching but Gox has leaped to near 1000 again and stamp and btc didn't care until the last hour. I think they are watching Gox and are thinking they are missing the train, but the fact they did nothing for 8 hours tells me Gox is become a joke almost overnight.


Gox has not been leaping anywhere for hours. It is BTC-e that just leaped by a long way. Here's the chart for you: http://bitcoinwisdom.com/markets/btce/btcusd

Gox goes from 950-981 in the last 8 hours and BTCE actually tests 790 in the same window.... uhhhh

BTC-e up $33 in 2 hours. There's the leap for you.

Like I said, BTC-e and stamp ignored Gox for hours, and then responded.  Thanks for repeating my post.

BTC-e is not watching Gox. They are much larger than Gox. Everybody knows where the action is these days. They have known for a long time. The "Gox imploding" theme is tired already!

                                                                               
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January 26, 2014, 10:49:31 AM
 #13

One reason: bot willy.
imagine a bot who buys 15 btc every 8 minutes. Thats alot of buying power and the other exchanges dont care.
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January 26, 2014, 12:25:42 PM
 #14

I withdrew BTC from Gox few days ago and there was no delay at all.

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January 26, 2014, 12:43:58 PM
 #15

I withdrew BTC from Gox few days ago and there was no delay at all.

I did the same today. No complaints at all.

Always wrong until not.
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January 26, 2014, 01:15:42 PM
 #16

I had read several complaints about BTC withdrawals taking longer than normal during the last days,
in the Service discussion section. Good to know that it's not a problem today.

Sometimes, if it looks too bullish, it's actually bearish
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January 26, 2014, 01:42:20 PM
 #17

I withdrew BTC from Gox few days ago and there was no delay at all.

I did the same today. No complaints at all.

You did?
How many?

My 50BTC withdrawal is still not here...
GOX out of coins?
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January 26, 2014, 01:43:29 PM
 #18

I withdrew BTC from Gox few days ago and there was no delay at all.

I did the same today. No complaints at all.

You did?
How many?

My 50BTC withdrawal is still not here...
GOX out of coins?

He he! 50BTC? Don't make me laugh Branson! You don't have a BTC to your name. You're full fiat!  Cheesy

                                                                               
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.◆ ◆ ◆ ONE TOKEN TO MOVE ANYTHING ANYWHERE ◆ ◆ ◆.
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Richard Branson
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January 26, 2014, 01:44:51 PM
 #19

I withdrew BTC from Gox few days ago and there was no delay at all.

I did the same today. No complaints at all.

You did?
How many?

My 50BTC withdrawal is still not here...
GOX out of coins?

He he! 50BTC? Don't make me laugh Branson! You don't have a BTC to your name. You're full fiat!  Cheesy

I'm not full fiat. The problem is with that much money -> even a few millions in bitcoin is peanuts!
HairyMaclairy
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January 26, 2014, 01:48:30 PM
 #20

How high can Bitcoin go on Gox before they pull the plug on the server?

Could we see $10,000 bit coins on Gox?!

While everyone else is still at $800  Cheesy
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