Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
crazy_rabbit
on 05/11/2013, 13:34:24 UTC
What happens when we hit 266?  Huh

You can imagine. A lot of USD trapped on Gox, and an increasing scarcity of coins, which usually preceeds bubbles... See graph below.

After $266 -> to the moon.


Is that really still true though? People have had plenty of time to get their Fiat off Gox, but they didn't. And up until a day ago when I was watching GoxTools regularly, the amount of Fiat on Gox seemed to go UP by a couple million dollars. So, I don't know if that logic really applies anymore or if this price differential just sort of represents the service levels offered by each exchange.