Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Ultraviolet
on 17/05/2013, 13:21:37 UTC
Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?


IMO whoever was converting all their fiat to BTC and moving it off Gox would have done it during/after the immediate sell off, with the late-to-the-party group doing it before/immediately after that 4 hour DDOS.

Panic/danger sentiment is down and the price is up, so it's much less likely for Gox exodus to be the cause.

Market showed an immense amount of support for 110-115 after the panic news, the red candles, and the DDOS. I think that's why sentiment is more bullish.