This is probably because of a rumor that some small withdrawals have been going through but baring an announcement from the company of a full resumption I wouldn't be jumping on this bandwagon. Problem is no one has any proof what is being seen on the block chain is anything except Gox moving coins around internally. Maybe even to manipulate people. There is another thread of discussion about how it's obvious none of the problems have been fixed.
When Magic The Gathering Online Exchange was at $1200, it meant that bitcoins were at $1200. When they dipped below $100, it didn't count because: ...?
When bitcoin was around 1200 on gox, it was around 1150 on bitstamp, and 1100 on BTC-e... Similar with smaller exchanges as well. There was efficiency in the market, and that is important.
It has been months now since Gox separated from all other markets. First their value was hundreds higher than all others, but no one really cared because it was irrelevant - you can't withdraw fiat, and bitcoin was having trouble getting out too.
Then Gox value went below, and it was concerning so price on other exchanges were affected, but Gox was still irrelevant because their problems are unique to them, and not anything inherent with bitcoin. All withdrawals are shut down, and their last update said there's no news since the last update, and it didn't state when or if they would provide the next update on progress.
Also, your statement implies a consensus in market perception. Please don't take that from whatever the media is saying. Or whatever people on the internet are saying. Take it from the data - look at what the market is saying on exchanges, with their money. Most people don't care what the price is no Gox, and other exchanges are actively trading hundreds of dollars higher.
pmorici|12 years ago
http://www.reddit.com/r/Bitcoin/comments/1ymb4r/some_light_o...
http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_...
sillysaurus2|12 years ago
(An MtGox bitcoin can currently be sold for 0.4 bitcoin, so this was quite a lot of money being lost or made over the last hour.)
parasight|12 years ago
imog|12 years ago
riffraff|12 years ago
awnird|12 years ago
Can someone explain this?
imog|12 years ago
It has been months now since Gox separated from all other markets. First their value was hundreds higher than all others, but no one really cared because it was irrelevant - you can't withdraw fiat, and bitcoin was having trouble getting out too.
Then Gox value went below, and it was concerning so price on other exchanges were affected, but Gox was still irrelevant because their problems are unique to them, and not anything inherent with bitcoin. All withdrawals are shut down, and their last update said there's no news since the last update, and it didn't state when or if they would provide the next update on progress.
Also, your statement implies a consensus in market perception. Please don't take that from whatever the media is saying. Or whatever people on the internet are saying. Take it from the data - look at what the market is saying on exchanges, with their money. Most people don't care what the price is no Gox, and other exchanges are actively trading hundreds of dollars higher.
cleverjake|12 years ago
wcummings|12 years ago
riffraff|12 years ago
furyofantares|12 years ago
pmorici|12 years ago
negamax|12 years ago