dedcoin (OP)
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February 19, 2014, 12:25:52 PM |
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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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First bitcoin bought at $70
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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hostmaster
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February 19, 2014, 12:26:28 PM |
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lets see
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TERA
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February 19, 2014, 12:29:39 PM |
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I thought Thursday was tomorrow.
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dedcoin (OP)
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February 19, 2014, 12:32:14 PM |
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I thought Thursday was tomorrow.
yes, few hours in Japan
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First bitcoin bought at $70
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UnDerDoG81
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February 19, 2014, 12:34:32 PM |
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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...
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TERA
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February 19, 2014, 12:35:04 PM |
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It's being released at midnight?
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Dalmar
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February 19, 2014, 12:36:56 PM |
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yes, few hours in Japan All their previous majors announcements were released roughly around 12:00 GMT (evening in Japan - noon in Europe).
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dedcoin (OP)
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February 19, 2014, 12:40:59 PM |
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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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First bitcoin bought at $70
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AmazonStuff
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February 19, 2014, 12:42:42 PM |
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Currently it's 22:42, Wednesday, February 19, 2014 (JST) in Japan.
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dedcoin (OP)
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February 19, 2014, 01:01:15 PM |
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.. and How do you think time-to-announcement is affecting the price?
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First bitcoin bought at $70
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AmazonStuff
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February 19, 2014, 01:14:08 PM |
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.. 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).
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InCoinsITrust
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February 19, 2014, 02:31:59 PM |
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And what should be that announcment ? How will it affect price ?
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PirateHatForTea
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February 19, 2014, 02:35:05 PM |
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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.
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dedcoin (OP)
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February 19, 2014, 02:35:57 PM |
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Simply a confirmation of their previous one. System is working again .. Price wise, you can say "farewell $260"
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First bitcoin bought at $70
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InCoinsITrust
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February 19, 2014, 02:53:52 PM |
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so when will announcment will be ?
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dedcoin (OP)
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February 19, 2014, 03:00:43 PM |
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I don't know, they said on Thursday 20th (few hours)
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First bitcoin bought at $70
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Luno
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February 19, 2014, 03:04:16 PM |
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Thursday it is in Tokyo since 3 minutes ago!
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CoinBrokers
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FreeCoins.org
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February 19, 2014, 03:05:43 PM |
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Well if anyone wants to dump bitcoin for cash, just shoot me a PM
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iBug
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February 19, 2014, 03:38:08 PM |
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We will update everyone again by Thursday at the latest.
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mp420
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February 19, 2014, 03:44:58 PM |
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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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