Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
rpietila
on 19/08/2013, 08:49:54 UTC
a break of $115 (if sustained) is truly bullish (wether driven by gox crap situation or not doesn't matter)

If price rises in Gox, all or part of it can be attributed to Gox crap situation (and dismissed as evidence).

However, if price rises in other exchanges, that can only be because of bitcoin demand exceeding supply. You cannot twist it anywhere.

I would therefore closely follow the pricing in Bitstamp and others, and that has been on a rise lately. It is tempting to think that the going price is $120 (Gox), but I would more likely put it at $103. If I were to buy, I would not try to send money at Gox to buy at 20% premium, I would use Bitstamp.