Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
hlynur
on 02/10/2013, 21:57:24 UTC
imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

*
this

from an economical standpoint the impact isn' that hard. i read in one of the SRbust threads that only about 10% of monthly transaction volume came from SR and I'm quite sure not every buyer used gox or bitstamp.
SR was a good opportunity for the first wave of worldwide spread but economy has grown up and is so much more versatile today.
I'm sure decentralisation in SR's marketsector is a good sign in the same sense as gox volume is slowly evening out with other exchanges.

i'd still be surprised if this short rumble is already over until tomorrow
this is such a perfect situation for a whale to have some fun...