Quote from: Kluge on August 18, 2013, 03:53:06 AM

There's nothing supporting speculation that Gox is bankrupt or otherwise out of fiat. It more likely can't transfer fiat because they're either unwilling or unable to work with the conventional banking structures to push out the volume they need.

Not being able to send out fiat (particularly bad with USD), volume is obviously dropping, because even though the price is higher, what good is GoxUSD if you can't redeem it for real USD?

Gox is dying (really, 0% chance of ever recovering the majority exchange market share - so "dead" might be appropriate), but I don't see anything suggesting there will be some type of destructive implosion (outside a severe lack of urgency @ Gox to resolve this).

I think what we do not know is how much USD was taken by the USA Gov when they seized mtgox's dwalla account - thus gox may well be out of fiat. The number of BTC in the sell queue is decreasing, however I have not seen a decrease in the buy queue on mtgox. Thus it is outa whack.

With only 60K coins in the sell queue on gox, those coins could be eaten in only a few days.

I bought a good quantity of coin at $10-$12 in 2012. I watched the volumes/market depth prior to the bubble / peak at $260. Those breakout patterns are again repeating (by my calcs btc on gox is about to go up quickly). However there are very different fundamentals - the others exchanges are not synced with gox this time. I reccon we are in for an interesting few weeks.