Quote from: bitcoinsrus on February 10, 2014, 10:53:57 AM

"MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers."

The prices (on bitstamp) are going down. Who is buying now or who is waiting for it to plummet more?
------
sub 600 reached

If Gox resumes withdrawals, then it will die on the very same day. Gox is facing a death sentence, all it can do is delay the inevitable which may or may not be a useful tactic for the crooks operating Gox.

For me it is yet again an out and out wait. Market looking increasingly likely to go sub $400. No way is this the end of it.

Down to $100 on both BTC-e and Bitfinex. Just shows you what can happen when/if panic really sets in.

Furthermore, whilst it is all very well looking at the absolute bottom on charts with a shoulda, woulda, coulda, mentality, you have got to think of your own pscyhological make-up when playing the catching falling knifes game.

In a previous drop to $540 (from $800), I caught the falling knife at $640, but it was back up at $740 before I knew anything about it. So that was nice and I cashed out the lot at $880. On the drop down to $380 however, I did have my buys in the $400-$500 range but debating with Bitcoin Nutters on this forum managed to convince me that my $400 buy ins were a little 'unrealistic' (I guess I got lol'd and *facepalmed* at too many times), so I moved my tranches up $100 and ended up catching the knife at $540. I got to my computer when Bitcoin was at $440. 'Knowing' that it would bounce dramatically up, I waited and low and behold, it bounced right up to $550.....and then back down to sub $500 where a very bearish pennant started to form on the 5 min chart. I lost my nerve and sold everything at $490. At the end of the week, Bitcoin was $700 and topped out at almost $1000.

With me being me, I would have been better waiting until uptrend was confirmed, which would have meant buying in high $500s or low $600s for me, and taking in probable 30% profits. As it happened, I took a £900 loss on that trade.