Quote from: tarmi on September 29, 2013, 04:30:45 PM

Quote from: SheHadMANHands on September 29, 2013, 04:26:01 PM

I see no panic at Gox. It has 4x the 24hr volume now, and buyers have "eaten" through ~ 6000 bitcoins at a $145 ask price in the last 24hrs alone. There's been a lot of resistance more recently on the way up ($145/$146 levels, for example), but the buyers have continued to push through.

panic would bring mtgox price to 200+ in no time.

people are smarter then that.

smartest among them (whales) bought bitcoins @ 68 $.

The fact that ~ 6000+ bitcoins have already been listed at an ask price of $145, and fulfilled, should say something. There is resistance, but people are still placing market buys. There is no selling pressure, probably partially because there'd be a lot of slippage currently to the downside and no one seems to want to pick up at $142/$143 now when they'd be better off putting up an ask wall at $146...

Also, Mt Gox issues have been known by bitcoin day traders, etc., for months now. If anything has been "priced in" for a while, it's that. It seems much less likely, as one user posted, that this is some 4-month delayed panic buying that, coincidentally, just happens to be perfectly timed with big news. People have been talking about "panic buying" on Mt Gox for half of 2013 now.

Just my thoughts though...