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Question: Will we see 50 in Gox coins in the next 12 hours?
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Author Topic: Will we see 50 in Gox coins in the next 12 hours?  (Read 2957 times)
yrtrnc (OP)
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February 20, 2014, 08:13:19 PM
Last edit: February 21, 2014, 09:52:08 AM by yrtrnc
 #1

99 Here we come again baby! Done!

Now to 50!
kireinaha
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February 20, 2014, 08:14:17 PM
Last edit: February 21, 2014, 01:30:55 AM by kireinaha
 #2

yes, but not for a few more days.

edit: eek. that was fast...

Night gathers, and now my bitcoinwisdom watch begins.
Gabi
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February 20, 2014, 09:01:28 PM
 #3

Yes but mtgox price is meaningless.

bitcoinlitcoinbtcltc
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February 20, 2014, 09:04:22 PM
 #4

Yes but mtgox price is meaningless.
Hahaha, idiot. Keep telling yourself this bull shit.

Media will love it when btc drops below $100.
They have been using MtGox's price from the beginning, oh my god **orgasm** I can already imagine the massive amount of panic sells when mass media reports about the crash!! LOL!

BTC on MtGox is worth less than 10% of what it was +/- 2 months ago!

DEFINITION OF BUBBLE! LOL!!

yrtrnc (OP)
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February 20, 2014, 09:08:50 PM
 #5

Yes but mtgox price is meaningless.

Unfortunately other exchanges are following the downtrend!
Dragonkiller
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February 20, 2014, 09:09:31 PM
 #6

Yes but mtgox price is meaningless.
Hahaha, idiot. Keep telling yourself this bull shit.

Media will love it when btc drops below $100.
They have been using MtGox's price from the beginning, oh my god **orgasm** I can already imagine the massive amount of panic sells when mass media reports about the crash!! LOL!

BTC on MtGox is worth less than 10% of what it was +/- 2 months ago!

DEFINITION OF BUBBLE! LOL!!



We are already at $110 on Gox, so will we go to negative prices?

Other exchanges don't really give a shit anymore, I highly doubt Stamp will go below $500.
yrtrnc (OP)
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February 20, 2014, 09:21:43 PM
 #7

There is a 3128 wall at 110 on gox. Doesnt seem we will see double digits soon!
traderCJ
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February 20, 2014, 09:29:58 PM
 #8

Yes but mtgox price is meaningless.

Unfortunately other exchanges are following the downtrend!

They don't really have a choice.  Gox enables withdrawals, arbitrage occurs and the prices balance.  Gox doesn't enable withdrawals and people panic.  Either way, you'll have downward pressure .. speculators are struggling to price this probable future movement.
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February 20, 2014, 09:31:10 PM
 #9

Mtgox will go to zero by the weekend.
jbrnt
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February 20, 2014, 09:33:08 PM
 #10

It's gone so low that  I wish I had money in MtGox  Grin
traderCJ
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February 20, 2014, 09:54:16 PM
 #11

It's gone so low that  I wish I had money in MtGox  Grin

When withdrawals are re-enabled, the stampede to sell on other exchanges will be ... breathtaking.
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February 20, 2014, 10:17:44 PM
 #12

Yes but mtgox price is meaningless.
Hahaha, idiot. Keep telling yourself this bull shit.

Media will love it when btc drops below $100.
They have been using MtGox's price from the beginning, oh my god **orgasm** I can already imagine the massive amount of panic sells when mass media reports about the crash!! LOL!

BTC on MtGox is worth less than 10% of what it was +/- 2 months ago!

DEFINITION OF BUBBLE! LOL!!


Who cares about what media says? Since bitcoin appeared media said everything about it, and despite this bitcoin is still here

jamesc760
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February 21, 2014, 12:49:57 AM
 #13

Hodlers at large will be goxed soon:

Scenario A,

Mtgox recovers and announces resumption of withdrawals with caps and limits. There will be a run on other exchanges as mtgox account holders swarm to dump their goxcoins.

Scenario B,

Mtgox succumbs finally and goes tits up. There will be a run on other exchanges as their account holders swarm to dump bitcoins for fear that their exchanges are in peril as well.

Scenario C,

Mtgox stays the course, neither resuming withdrawals nor calling it quits. There will be a run on mtgox until it goes to 0, zero, zilch, nada. It will result in Scenario B.

So far, there's a 66.67% chance of Mtgox going belly up.

The OP's question should be "Will we see 0 in Gox coins in the next few days?"
traderCJ
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February 21, 2014, 12:54:40 AM
 #14

Hodlers at large will be goxed soon:

Scenario A,

Mtgox recovers and announces resumption of withdrawals with caps and limits. There will be a run on other exchanges as mtgox account holders swarm to dump their goxcoins.

Scenario B,

Mtgox succumbs finally and goes tits up. There will be a run on other exchanges as their account holders swarm to dump bitcoins for fear that their exchanges are in peril as well.

Scenario C,

Mtgox stays the course, neither resuming withdrawals nor calling it quits. There will be a run on mtgox until it goes to 0, zero, zilch, nada. It will result in Scenario B.

So far, there's a 66.67% chance of Mtgox going belly up.

The OP's question should be "Will we see 0 in Gox coins in the next few days?"

Agreed, and talk about Gox squeezing blood from a turnip.  They'll be collecting that rake all the way down.
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February 21, 2014, 12:58:12 AM
 #15

We're almost in double digits.
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February 21, 2014, 01:00:19 AM
 #16

 few more minutes...$99
balanghai
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February 21, 2014, 01:03:12 AM
 #17

Hopefully gox dies. Cheesy
jasonjm
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February 21, 2014, 01:03:37 AM
 #18

why are people still trading on gox?

I don't understand......  why is there any price movement?

you cannot get fiat or bitcoins.... so? is it like playing a game to kill boredom?


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wayneyoyo
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February 21, 2014, 01:04:37 AM
 #19

Why does mtgox still matter ?
proudhon
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February 21, 2014, 01:08:41 AM
 #20

why are people still trading on gox?

I don't understand......  why is there any price movement?

you cannot get fiat or bitcoins.... so? is it like playing a game to kill boredom?



Now that people are filing lawsuits, and given that courts are more likely to order payout in fiat, I think we're crossing the threshold for Gox where the "safe" thing to do is be in fiat.  The other exchanges will be pulled down by the violence of the exodus from Goxcoins to GoxUSD, but eventually I suspect Gox and the rest of the markets will completely decouple and move on.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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