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Author Topic: Upcoming MtGox Movement  (Read 6040 times)
dedcoin
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February 19, 2014, 12:25:52 PM
 #1

Mt Gox news will come up in few hours. My theory is that the price will go down in other markets.
Explanation:
The odds of MtGox being solvent are >50% in my opinion (~ 90%). Still it seems as the market is frozen and everyone is waiting for the price to go up. Which is ridiculous given the odds; everyone should be buying in the expectation of a crash up.

I believe that the good news (that might come up) are already priced in. I am strictly talking about non Gox.

We will see some manipulation to go up, followed by a crash to $500 and the downtrend will resume.

For those who are positive about gox but use stamp,btce etc. Are you buying like hell, and if not why?

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hostmaster
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February 19, 2014, 12:26:28 PM
 #2

lets see
TERA
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February 19, 2014, 12:29:39 PM
 #3

I thought Thursday was tomorrow.
dedcoin
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February 19, 2014, 12:32:14 PM
 #4

I thought Thursday was tomorrow.

yes, few hours in Japan Smiley

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UnDerDoG81
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February 19, 2014, 12:34:32 PM
 #5

Still waiting to buy. Not sure what will happen and too much risk to lose my money. I think I get in at 550 on stamp if we go there...

1AUtiWsrmLvDZ12MQdYfAWSM3CdwhMeoeX
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February 19, 2014, 12:35:04 PM
 #6

It's being released at midnight?
Dalmar
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February 19, 2014, 12:36:56 PM
 #7

yes, few hours in Japan Smiley

All their previous majors announcements were released roughly around 12:00 GMT (evening in Japan - noon in Europe).

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dedcoin
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February 19, 2014, 12:40:59 PM
 #8

It's being released at midnight?
All their previous majors announcements were released roughly around 12:00 GMT (evening in Japan - noon in Europe).
I see, so you are holding off until the right moment. When the bell will ring you will place your order. Good strategy.
I should have done that when bitstamp resumed.

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AmazonStuff
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February 19, 2014, 12:42:42 PM
 #9

Currently it's 22:42, Wednesday, February 19, 2014 (JST) in Japan.
dedcoin
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February 19, 2014, 01:01:15 PM
 #10

.. and
How do you think time-to-announcement is affecting the price?

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AmazonStuff
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February 19, 2014, 01:14:08 PM
 #11

.. and
How do you think time-to-announcement is affecting the price?
I just don't think announcement will happen in a few hours, MtGox team is probably preparing to sleep now. Announcement will happen probably tomorrow (tomorrow in terms of JST).
InCoinsITrust
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February 19, 2014, 02:31:59 PM
 #12

And what should be that announcment ? How will it affect price ?
PirateHatForTea
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February 19, 2014, 02:35:05 PM
 #13


Unlevereged financial instruments acting as a store of value that fluctuate 50% within 10 minutes is perfectly acceptable. I think it should be offered in IRA form to soon to be retirees.
dedcoin
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February 19, 2014, 02:35:57 PM
 #14

Simply a confirmation of their previous one. System is working again .. Price wise, you can say "farewell $260"

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InCoinsITrust
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February 19, 2014, 02:53:52 PM
 #15

so when will announcment will be ?
dedcoin
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February 19, 2014, 03:00:43 PM
 #16

I don't know, they said on Thursday 20th (few hours)  Cool

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Luno
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February 19, 2014, 03:04:16 PM
 #17

Thursday it is in Tokyo since 3 minutes ago!


 
 
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CoinBrokers
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February 19, 2014, 03:05:43 PM
 #18

Well if anyone wants to dump bitcoin for cash, just shoot me a PM  Grin

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February 19, 2014, 03:38:08 PM
 #19

We will update everyone again by Thursday at the latest.
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February 19, 2014, 03:44:58 PM
 #20

My guess is that they won't enable BTC withdrawals yet tomorrow. At the very best they might give a date for the reopening. Given Gox's track record, they'll probably miss that date too by a day or two.

So, if you feel adventurous, I'm predicting that there's time left to send more fiat to Gox. Not that I'm recommending doing that, though.
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