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Author Topic: Are we seeing true capitulation on gox?  (Read 1621 times)
HeliKopterBen
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February 21, 2014, 03:17:23 AM
 #1

Markets have a way of fooling even the most saviest of investors and traders.  Prices on gox have declined 93% to double digits and btc-e even traded down over 90% to 102.  

IMO the bear market is can be considered complete in terms of price but maybe not in terms of time.  However, bear markets tend to move faster than bull markets so this bear only lasting 3 months would not be out of the question.  

I could be wrong but I have a feeling gox will reinstate (limited)withdrawals sometime over the next few weeks and those goxBTC will magically turn into regular BTC.

Thoughts?

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HairyMaclairy
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February 21, 2014, 03:20:00 AM
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Magical thinking.
TERA
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February 21, 2014, 03:23:32 AM
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The trading on mtgox has nothing to do with the trends of bitcoin or "capitulation". It is purely driven by mtgox's death and lawyers that have advised their clients to liquidate all btc into usd at any price.
HeliKopterBen
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February 21, 2014, 03:27:39 AM
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The trading on mtgox has nothing to do with the trends of bitcoin or "capitulation". It is purely driven by mtgox's death and lawyers that have advised their clients to liquidate all btc into usd at any price.

Who is buying?  Are the buyers not being advised by their lawyers?

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yogi
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February 21, 2014, 03:32:23 AM
 #5

The trading on mtgox has nothing to do with the trends of bitcoin or "capitulation". It is purely driven by mtgox's death and lawyers that have advised their clients to liquidate all btc into usd at any price.

Who is buying?  Are the buyers not being advised by their lawyers?

Apparently the buyers are brain washed and under the control of the illuminati.

TERA
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February 21, 2014, 03:33:55 AM
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The buyers are high risk players who have accepted taking a risk and are gambling with money they can afford to lose.
HairyMaclairy
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February 21, 2014, 03:37:00 AM
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Or figure they won't get their money back anyway so why not have some fun. 
TERA
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February 21, 2014, 03:41:06 AM
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There's always this discussion of "who are the buyers" that I see every time anything is going down, even if it's worthless. For example when I played penny stock shell pump and dumps there's always someone asking "who is the buyer" every step of the way as it loses 99.99% of it's value. "oh someone must know something. why would ANYONE buy at all?". It's irrational thinking. Things don't just go straight down. There's always someone trading and trying to catch the knife. It's irrelevant. Who cares? The point is the trend is down.
Bitcoins101
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February 21, 2014, 04:47:35 AM
 #9

Honestly, if I had GoxUSD right now I'd be buying GoxBTC with it. However, anyone paying USD for GoxUSD at an even rate right now (i.e. depositing) is a moron. Not because GoxBTC is a bad deal at 100 GoxUSD for every GoxBTC, but because 1 GoxBTC for $100 USD is not a good deal.
GeniuSxBoY
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February 21, 2014, 04:57:47 AM
 #10

MtGox to drop Bitcoin and start trading game cards again

http://www.coinion.com/2014/02/21/mtgox-drop-bitcoin-start-trading-game-cards/

Be humble!
DeathAndTaxes
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February 21, 2014, 05:00:53 AM
 #11

The article was meh but the photo was mildly funny.

knightcoin
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February 21, 2014, 05:14:16 AM
 #12

The buyers are high risk players who have accepted taking a risk and are gambling with money they can afford to lose.

be bull comes natural for most of people, because people naturally have faith in the future ... investors, start-ups etc ...

http://www.introversion.co.uk/
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cypherdoc
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February 21, 2014, 05:19:24 AM
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The trading on mtgox has nothing to do with the trends of bitcoin or "capitulation". It is purely driven by mtgox's death and lawyers that have advised their clients to liquidate all btc into usd at any price.

since when have lawyers become good traders?

in fact, some of these lawyers may not be good lawyers thinking they might extract anything from a foreign company in Japan.
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February 21, 2014, 05:22:11 AM
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The buyers are high risk players who have accepted taking a risk and are gambling with money they can afford to lose.

or shorts covering.
knightcoin
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February 21, 2014, 05:22:36 AM
 #15

The article was meh but the photo was mildly funny.



WTF  Huh Grin

now they will start an Everything Is Awesome lego movie campaign ... (  nice film, btw ... )

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hostmaster
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February 21, 2014, 05:23:28 AM
 #16

fearfully watching whats gonna happen to mtgox
giletto
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February 21, 2014, 05:28:48 AM
 #17

The trading on mtgox has nothing to do with the trends of bitcoin or "capitulation". It is purely driven by mtgox's death and lawyers that have advised their clients to liquidate all btc into usd at any price.

Who is buying?  Are the buyers not being advised by their lawyers?
Why you expect, all buyers have lawyers?

This is nonsense...and what is the advance to keep Fiat money on Gox, instead of BTC?

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cypherdoc
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February 21, 2014, 05:43:09 AM
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fearfully watching whats gonna happen to mtgox

i'm fearful for the sellers and shorts.
ScrapOfCat
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February 21, 2014, 06:14:34 AM
 #19

I'm just gonna leave this here so you can make fun of me later:

I think it's weird that a lot of people were predicting that once we went under the 3 day ema (or whatever) we would drift into the $500s and, low and behold, here we are.

how sure are we that real btc at ~550 has anything to do with gox?

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theonewhowaskazu
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February 21, 2014, 06:18:01 AM
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The article was meh but the photo was mildly funny.



Lol nice. Even better, the magic card in the photo has a habit of dying before you can ever get your "savings" out Smiley

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