(Poll) Will BTC break 266 on MtGox ?

[evolve]

The poll says it all.

[1714870038]

1714870038

[1714870038]

1714870038

[1714870038]

1714870038

[1714870038]

1714870038

[evolve]

Pretty negative sentiment so far....Feel free to post your price predictions here too.

[Taras]

Gox isn't below $266 for one reason: it's users think they can get their coins or fiat back someday. I don't think it will happen, but it might. Eventually yes people will realize it won't and give their money back, and possibly create sell orders at 0.01, although since I'm clueless in particular I'll vote ice cream.

[njcarlos]

No, I can't see it happening. Calling $300 bottom, +-$25

[Dalmar]

If their insolvency is proven, why not? But only if it is.

[njcarlos]

I can't fathom how they'd be insolvent. They banked so hard they'd have to be run by literally the dumbest people on Earth to have burned through all their revenue.

[Dalmar]

I can't fathom how they'd be insolvent. They banked so hard they'd have to be run by literally the dumbest people on Earth to have burned through all their revenue.

Fractional reserve goxing only works when few people want to withdraw, but not when a bank run happens.

[njcarlos]

Do you know how much they were taking in?

[Ibian]

I can't fathom how they'd be insolvent. They banked so hard they'd have to be run by literally the dumbest people on Earth to have burned through all their revenue.

They don't have to be to claim that they are. Classic ploy, run off with the money and play dumb about your business practices.

[Einewton]

I don't think it'll break 400.. (i.e $399)

[njcarlos]

They don't have to be to claim that they are. Classic ploy, run off with the money and play dumb about your business practices.

They'll make more by not doing that. And, likely, they'll be able to walk down the street without wondering which stranger they pass will be the one to send them to their maker.

[Ibian]

They don't have to be to claim that they are. Classic ploy, run off with the money and play dumb about your business practices.

They'll make more by not doing that. And, likely, they'll be able to walk down the street without wondering which stranger they pass will be the one to send them to their maker.

Don't underestimate the power of greed. There is  a reason it is one of the deadly sins. (the reason is that people will fucking kill you over it)

[evolve]

Bump

[theonewhowaskazu]

If Gox never opens withdraws for BTC, then it doesn't matter what the BTC price is there, lol. So yes, in such a scenario it could go below $266 because there's no reason why it couldn't.

[fonzie]

Prepare for sub 100$

[Xer0]

mhhh Icecream *drool

[gentlemand]

I like ice cream and I think going below $266 could be a piece of piss.

Whether the rest of the world decides the market has detached from Gox is much more important and something I don't have a clue about.

[serje]

I don't think it'll break 400.. (i.e $399)

say that again!

Last:$378.00000
High:$549.00000
Low:$378.00000
Vol:33636 BTC
W.Avg:$472.20241

[boumalo]

I don't think it'll break 400.. (i.e $399)

say that again!

Last:$378.00000
High:$549.00000
Low:$378.00000
Vol:33636 BTC
W.Avg:$472.20241

It is plunging right now : 365$, we are close to a free fall, the sentiment is extremely negative, all the traders are selling, all the bitcoin holders that were having doubts are selling or have already sold but let's remember that a lot of traders that are now in fiat or mostly in fiat will buy back, the short sellers have to buy back and there will be a lot of support at lower prices, starting with me

[hyphymikey]

Mt. Gox is a whale in its own ocean. It will not let itself go lower than that. They will close before they let their fee income become worthless lol.

[serje]

I don't think it'll break 400.. (i.e $399)

say that again!

Last:$378.00000
High:$549.00000
Low:$378.00000
Vol:33636 BTC
W.Avg:$472.20241

It is plunging right now : 365$, we are close to a free fall, the sentiment is extremely negative, all the traders are selling, all the bitcoin holders that were having doubts are selling or have already sold but let's remember that a lot of traders that are now in fiat or mostly in fiat will buy back, the short sellers have to buy back and there will be a lot of support at lower prices, starting with me

This is on bitstamps right now

Top 7 buyers
Price   Amount   Value
$551.01   0.00501800   $2.76
$551.00   32.21849270   $17,752.38
$550.99   1.20000000   $661.18
$550.95   0.45000000   $247.92
$550.90   0.20000000   $110.18
$550.88   0.10000000   $55.08
$550.66   0.92369157   $508.63
Top 7 sellers
Price   Amount   Value
$553.90   3.00000000   $1,661.69
$554.00   46.23019761   $25,611.52
$554.44   0.03000000   $16.63
$554.66   0.05000000   $27.73
$554.99   0.40000000   $221.99
$555.00   121.11000000   $67,216.05
$555.88   0.20000000   $111.17

[cooldgamer]

I like icecream, and Gox is on the fast-track to $0.  Money is never coming out of there again in any form, time to finally see the nail get put in that coffin

[evolve]

bump

[evolve]

300 broken

[atc1]

But...ice-cream? 

[Holliday]

Anything can happen when you are trading IOUs for IOUs!

[Cluster2k]

$288 for goxcoins versus $650 on other exchanges.  The market has spoken: what you're buying on MtGox are goxcoins, not bitcoins.  They're promises to pay you sometime in the future.  If MtGox has an over 50% discount for allegedly the same commodity then the market is saying MtGox is dead and buried.  Time to move on.

[smoothie]

Gox going to $0...but then again any # price means nothing if customers can't get FIAT nor BTC out.

[molecular]

Just woke up. Has there been any update on BTC withdrawals coming back online?

Wasn't there some planned downtime or is that yet to come?

[NamelessOne]

The 300btc sell bot seems determined to bring the whole thing down. Wonder why the owner is doing this. Breaking the old ATH would be very bad even if it is isolated to gox. All this sucks.

[Ibian]

270. This is hilarious.

[Mythul]

$4 to go...

[serje]

Just woke up. Has there been any update on BTC withdrawals coming back online?

Wasn't there some planned downtime or is that yet to come?

"
FOR IMMEDIATE RELEASE
"
"
"
"
"
Maintenance Announcement Effecting Bitcoin transfers
!
"
"
"
Tokyo, J
apan, February 15th, 201
4
!
"
Dear Mt. Gox Customers,
"
"
In order to implement our solution to the “transaction malleability” issue being
faced by bitcoin exchanges and businesses, we are going to have a 6-hour
downtime on all bitcoin deposits and internal bitcoin transfers in addition to the
current pause on bitcoin withdrawals. Trading will otherwise still be open as
usual.
"
"
Maintenance Schedule (approximate):
"
"
6pm ~ 12am JST (February 15
th
)
"
"
The above downtime period is approximate: it may be shortened or lengthened
as required. Once the implementation is complete customers will again be able
to deposit bitcoin, but we will be doing extensive testing before bitcoin
withdrawals are reactivated. We will publish an update on the situation on
Monday .
"
"
BlockChain.info have implemented changes to address the malleability issue.
Our solution should work in the short term, while a longer-term solution is being
discussed with the Bitcoin Core Dev team and the Bitcoin Foundation. We are
also discussing this with other exchanges and businesses.
"
"
Thank you for your support during the maintenance, and we will update you on
the progress shortly.
"
"
Best regards,
"
"
MtGox Team
"


it seems someone at mtgox want's to buy cheaper than it already is

[EuroTrash]

270 walls have been partially eaten.... It is back to 272 but 266 could be broken any time now

[Krabby]

I saw 269....
God has come to reap the sinners.

[Ibian]

267.7 267.6. End days people, end days.

[bitcon]

at this rate BitcoinSteve might see his $100 prediction miss only by a couple days

[spiderbrain]

looks like my icecream just melted!

[EuroTrash]

IT JUST HAPPENED!

 

OMG! OMG! APOCALYPSE NOW!

[seleme]

It was already broken, wisdom charts showing one candle as low as 265.01 some 2 hours ago.

[Ibian]

It was already broken, wisdom charts showing one candle as low as 265.01 some 2 hours ago.

Where are they getting their info? According to gox main page it didn't happen until just minutes ago.

[GreenDude]

I wonder how long is gonna take to panic buy begin.. as there are only a few hours left for mtgox announcement. And whales will fight for eating btc. I dont think there is many idiots left willing to sell this low.. Only ones selling are doing it with the hope to buy lower.. but time is almost over..

[EuroTrash]

It was already broken, wisdom charts showing one candle as low as 265.01 some 2 hours ago.

No. 265.01 is within 15 minutes ago. Previous minimum was 267.


Now everyone crank up the volume of your sound system and join me into loading this tune: https://www.youtube.com/watch?v=NoBFhdeR9PE

[GreenDude]

And way up there is almost no btc left to buy.. those who want to rebuy will have to pay much higher. some dolphins and whales are gonna be left on the way when someone decide to go full gas..

[Armis]

Gox isn't below $266 for one reason: it's users think they can get their coins or fiat back someday. I don't think it will happen, but it might. Eventually yes people will realize it won't and give their money back, and possibly create sell orders at 0.01, although since I'm clueless in particular I'll vote ice cream.

$250 low moments ago

[zemario]

uhhhh... why wouldn't it. Just now:

[Armis]

I wonder how long is gonna take to panic buy begin.. as there are only a few hours left for mtgox announcement. And whales will fight for eating btc. I dont think there is many idiots left willing to sell this low.. Only ones selling are doing it with the hope to buy lower.. but time is almost over..

the low price is an indication that time is FAR from "over"


What announcement are you expecting?  

[koryu]

looks like it will go down to 200$ soon, gox is running out of buyers/fiat to buy all these coins.

[jubalix]

I like icecream, and Gox is on the fast-track to $0.  Money is never coming out of there again in any form,

this is gold! brilliant....

[jubalix]

looks like it will go down to 200$ soon, gox is running out of buyers/fiat to buy all these coins.

looks like it will go down to 200$ soon, gox is running out of buyers/fiat to buy all these "coins".

[GigaCoin]

Wish i had USD in gox to buy these coins right now.

It seems to me however Bistamp and btce are largely ignoring this price dive in gox

[mobodick]

https://www.youtube.com/watch?v=vTvNwAT29Lo

https://www.youtube.com/watch?v=a-fJlykpGjY

[Ibian]

What I regret most about this whole situation is not yet being in a position to trade any of my stash. Easy arb right now.

[serje]

An old one but still nice to hear!

https://www.youtube.com/watch?v=K2ku1A5Ox8U

[rnp]

$288 for goxcoins versus $650 on other exchanges.  The market has spoken: what you're buying on MtGox are goxcoins, not bitcoins.  They're promises to pay you sometime in the future.  If MtGox has an over 50% discount for allegedly the same commodity then the market is saying MtGox is dead and buried.  Time to move on.

this.. Perhaps this should now be moved to altcoin discussion (TPFIC)

[mmortal03]

What I regret most about this whole situation is not yet being in a position to trade any of my stash. Easy arb right now.

We'll see if it ends up being "easy".

[Ibian]

What I regret most about this whole situation is not yet being in a position to trade any of my stash. Easy arb right now.

We'll see if it ends up being "easy".

Not talking gox, obviously.

[proudhon]

$288 for goxcoins versus $650 on other exchanges.  The market has spoken: what you're buying on MtGox are goxcoins, not bitcoins.  They're promises to pay you sometime in the future.  If MtGox has an over 50% discount for allegedly the same commodity then the market is saying MtGox is dead and buried.  Time to move on.

this.. Perhaps this should now be moved to altcoin discussion (TPFIC)

Exactly right.  MtGox bitcoins are a centralized altcoin at this point.

[EuroTrash]

I buy your Goxcoins for Dogecoins. 1:1. Limited offer. PM me if interested. 

[sporket]

I'm cautiously optimistic...

[evolve]

266 broken...voting locked

[Cyberdyne]

Someone (multiple people) need to tell xe.com about this - They are still just using Gox rates and telling the world that a bitcoin is $255.

I'm sending one now.

[molecular]

Someone (multiple people) need to tell xe.com about this - They are still just using Gox rates and telling the world that a bitcoin is $255.

I'm sending one now.

well, it's the worlds favorite currency site. What do you expect?

[serje]

Someone (multiple people) need to tell xe.com about this - They are still just using Gox rates and telling the world that a bitcoin is $255.

I'm sending one now.

well, it's the worlds favorite currency site. What do you expect?

Are they selling BTC at 255$???
If yes then
Buy 1 for me!

[smoothie]

Wouldnt surprise me if people not knowing what is going on with GOX while using their price are going to lose money big time.