Lets pretend Gox gets fixed monday. Now what?

[Nathanael_]

Lets just pretend Gox came out with a fix come Monday. "Bam, we fixed everything, everything is fine now"

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Im guessing gox will fly up to 700 during the week, and stamp/btce will follow the hype, shorts will have to close and price will go up to at least 800.
What do you think?

[MoreFun]

Why would stamp be above gox if you can simply arbitrage the difference and move out of gox?

[TERA]

At first price will spike as everyone freaks out and "follows gox". Then eventually the move will correct itself and on top of that, all the gox coins will be dumped to drive it even lower than it started. It will be a massive pump and dump.

[Nathanael_]

Why would stamp be above gox if you can simply arbitrage the difference and move out of gox?

Ive been asking that the whole time during this crash. Stamp has been quick to follow Gox up and ANY rally, but barely moves down.

And its been really pissing me off as I was short selling the whole time. 

At first price will spike as everyone freaks out and "follows gox". Then eventually the move will correct itself and on top of that, all the gox coins will be dumped to drive it even lower than it started. It will be a massive pump and dump.

I agree

[Nathanael_]

Update:

Im just coping this from trading view chat, but apparently this was just said in the mtgox IRC free node

"#mtgox - 21:10 <@Delerium> update: btc deposits re-enabled. withdrawals on track for 3:15"

[TERA]

Update:

Im just coping this from trading view chat, but apparently this was just said in the mtgox IRC free node

"#mtgox - 21:10 <@Delerium> update: btc deposits re-enabled. withdrawals on track for 3:15"

Deposit is old news.

[UnDerDoG81]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

[TERA]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

wtf 780 and sideways? really? that would break almost every major resistance point and ema on the chart right now. are you crazy?   oh yea gox fixed withdraw so the entire bear market is off. lets forget all the other problems and the capitulation trolololol.  Unless 780 is another trap before the real bear market even begins.

[Searing]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

as the most befuddled way for bitcoin to move forward you are obviously correct

(hey i may have tripped over a strategy?)

Searing

[F-bernanke]

goxBTC will be $1000 (+-50).

As soon as btc withdrawals work, whales will buy up all coins in sight, and all asks will be pulled. It will flash crash to the upside.

Spread Stamp - Gox:

[UnDerDoG81]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

wtf 780 and sideways? really? that would break almost every major resistance point and ema on the chart right now. are you crazy?   oh yea gox fixed withdraw so the entire bear market is off. lets forget all the other problems and the capitulation trolololol.  Unless 780 is another trap before the real bear market even begins.

Yeah that would be exactly there where we were before all these problems and fud´s began. We were in a sideway trend for over a month as I can remember. There is no reason to go higher than 780 for Stamp unless good news will come and more people get in Bitcoin.

[TERA]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

wtf 780 and sideways? really? that would break almost every major resistance point and ema on the chart right now. are you crazy?   oh yea gox fixed withdraw so the entire bear market is off. lets forget all the other problems and the capitulation trolololol.  Unless 780 is another trap before the real bear market even begins.

Yeah that would be exactly there where we were before all these problems and fud´s began. We were in a sideway trend for over a month as I can remember. There is no reason to go higher than 780 for Stamp unless good news will come and more people get in Bitcoin.

Can you explain why the entire 2 weeks of negative events and downtrend would be reversed just because gox enabled withdrawals? That is only a single thing. Gox is not bitcoin.

[Nathanael_]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

wtf 780 and sideways? really? that would break almost every major resistance point and ema on the chart right now. are you crazy?   oh yea gox fixed withdraw so the entire bear market is off. lets forget all the other problems and the capitulation trolololol.  Unless 780 is another trap before the real bear market even begins.

Yeah that would be exactly there where we were before all these problems and fud´s began. We were in a sideway trend for over a month as I can remember. There is no reason to go higher than 780 for Stamp unless good news will come and more people get in Bitcoin.

Can you explain why the entire 2 weeks of negative events and downtrend would be reversed just because gox enabled withdrawals? That is only a single thing. Gox is not bitcoin.

I agree with you 100%, but that won't stop people from going ape shit panic buying

[UnDerDoG81]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

wtf 780 and sideways? really? that would break almost every major resistance point and ema on the chart right now. are you crazy?   oh yea gox fixed withdraw so the entire bear market is off. lets forget all the other problems and the capitulation trolololol.  Unless 780 is another trap before the real bear market even begins.

Yeah that would be exactly there where we were before all these problems and fud´s began. We were in a sideway trend for over a month as I can remember. There is no reason to go higher than 780 for Stamp unless good news will come and more people get in Bitcoin.

Can you explain why the entire 2 weeks of negative events and downtrend would be reversed just because gox enabled withdrawals? That is only a single thing. Gox is not bitcoin.

Because that tells us the past. Things will go back to normal as there was nothing happened.

[atc1]

Stamp is currently at 650
Gox at 330.

What do you think will happen to price?

Gox will be back at 850 and stamp at 780... Just like it was... And then we go sideways again...

wtf 780 and sideways? really? that would break almost every major resistance point and ema on the chart right now. are you crazy?   oh yea gox fixed withdraw so the entire bear market is off. lets forget all the other problems and the capitulation trolololol.  Unless 780 is another trap before the real bear market even begins.

Yeah that would be exactly there where we were before all these problems and fud´s began. We were in a sideway trend for over a month as I can remember. There is no reason to go higher than 780 for Stamp unless good news will come and more people get in Bitcoin.

Can you explain why the entire 2 weeks of negative events and downtrend would be reversed just because gox enabled withdrawals? That is only a single thing. Gox is not bitcoin.

Well said. It's still gonna take time for the price to restabilize.

[fonzie]

Because that tells us the past. Things will go back to normal as there was nothing happened.

!Back to normal!

I have read that before somewhere else?

[tiberiandusk]

Get your coins out immediately if you have some there and then never look back. Fuck em.

[Kaiji]

The price at gox already tells the tale. They will probably withdraw their coins and abandon gox as soon as they can. People are actually selling their coins for $300+.

[seleme]

The only thing I care is to get my 11 BTC out of it. Never cared about panic it caused, won't care about anything that will happen when it's fixed.

[bitcon]

then something new will happen to gox..... wash rinse repeat