solex
Legendary
 Offline
Activity: 1078
100 satoshis -> ISO code
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April 10, 2013, 02:21:19 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620  Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? I strongly feel the queue length is being manipulated. But I also doubt that 10% are signing up to cash out. I've yet to find someone with any significant amount of Bitcoin without a Mt. Gox account. They have also hired a dozen people to process the queue, when there was only a couple of people doing the verification work a few months ago. So rate of decrease in backlog (without counting new sign-ups) is much faster. |
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proudhon
Legendary
Offline
Activity: 1232
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April 10, 2013, 03:12:12 AM |
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 Today in bitcoin: $3 million appeared on the order book, and then $3 million went away. Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed. |
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mccorvic
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April 10, 2013, 03:22:15 AM |
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Today in bitcoin: $3 million appeared on the order book, and then $3 million went away. Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed. Nice try. Most of those were walls that were put up well below market price, then pulled without being sold into. Specifically the last 1mil. Don't worry. Keep tryin' and you might make a compelling argument. Someday. EDIT: You even draw circles like a jerk. |
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TsuyokuNaritai
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April 10, 2013, 03:24:03 AM |
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Today in bitcoin: $3 million appeared on the order book, and then $3 million went away. Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed. *breathes sigh of relief* I was worried there for a second, until I noticed the author's name. |
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deepceleron
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April 10, 2013, 03:37:56 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? Maybe more, you only find out you need to be verified (again) when you want to get your USD out. |
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Coincrazy
Newbie
Offline
Activity: 28
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April 10, 2013, 03:40:34 AM |
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New bie question What's this queue ? |
_______ Have a nice day folks =:) _______
===I'm wondering why I was slaving away 9 to 5 , NOT knowing Bitcoins earlier ; Regards, CC===
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Frost
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April 10, 2013, 03:41:04 AM |
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BORING... we need increase now  |
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mccorvic
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April 10, 2013, 03:45:16 AM |
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New bie question What's this queue ? It's how many people are waiting in line to use MtGox. |
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solex
Legendary
Offline
Activity: 1078
100 satoshis -> ISO code
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April 10, 2013, 03:51:26 AM |
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New bie question What's this queue ? It's how many people are waiting in line to use MtGox. To be clearer, it is the number of people who want to move >$5k per day into gox or >100 BTC per day out of it less the number of SEPA depositors, +/- all the fuzzy exceptions which gox only knows the full extent of. |
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oakpacific
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April 10, 2013, 03:52:23 AM |
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New bie question What's this queue ? It's how many people are waiting in line to use MtGox. To be clearer, it is the number of people who want to move >$5k per day into gox or >100 BTC per day out of it, less the number of SEPA depositors, +/- all the fuzzy exceptions which gox only knows the full extent of. Actually $10k, I asked them. |
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Elwar
Legendary
Offline
Activity: 2170
www.bitpools.com
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April 10, 2013, 03:54:03 AM |
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New bie question What's this queue ? It's how many people are waiting in line to use MtGox. To be clearer, it is the number of people who want to move >$5k per day into gox or >100 BTC per day out of it including ALL new SEPA depositors, +/- all the fuzzy exceptions which gox only knows the full extent of. My buddy just signed up for a MtGox account. He was put in the queue just to get a verified account. |
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solex
Legendary
Offline
Activity: 1078
100 satoshis -> ISO code
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April 10, 2013, 03:57:01 AM |
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I know an unverified UK user who has a default limit of $1k.
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Elwar
Legendary
Offline
Activity: 2170
www.bitpools.com
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April 10, 2013, 03:58:02 AM |
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BORING... we need increase now I do not know charts very well but looking at the current price pattern I would say that it is one of those converging triangle things where once the lines meet anything can happen... I am sure someone else can probably explain it better. |
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Elwar
Legendary
Offline
Activity: 2170
www.bitpools.com
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April 10, 2013, 04:00:42 AM |
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Ahh, here is an example:  |
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Rallye
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April 10, 2013, 04:12:54 AM |
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Ahh, here is an example: I second this, exactly what I was thinking. Almost there. |
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Kazu
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April 10, 2013, 04:25:06 AM |
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Ahh, here is an example: Yes, according to this theory, which is usually correct, there will be another good-sized move... at about 5:00 PST. |
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LanYu
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April 10, 2013, 04:25:33 AM |
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Some serious resistance today. Tomorrow will likely be red.
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Rallye
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April 10, 2013, 04:29:24 AM |
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Some serious resistance today. Tomorrow will likely be red.
when have we not had resistance this time of day? I'm predicting we at least break 260 tomorrow. |
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zoinky
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April 10, 2013, 04:30:16 AM |
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Some serious resistance today. Tomorrow will likely be red.
when have we not had resistance this time of day? I'm predicting we at least break 260 tomorrow. BTCChina already at 255. |
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Frost
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April 10, 2013, 04:34:34 AM |
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panic starts slowly  |
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