barbs
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February 16, 2014, 02:57:35 PM

If you're on bitstamp and haven't sold yet I'm not sure what's going through your head

I haven't sold because we really don't know what's going on exactly at MtGox. This makes the market really unpredictable, nobody here knows how far Gox is going to slide down and what the manipulators with inside knowledge are planning there. If I had any fiat left on Bitstamp I would probably be placing my buy orders around the $550 mark and ready to do a market buy if MtGox comes out with positive news tomorrow. But I just don't feel like gambling with the coins I have right now, I really don't want to end up with fewer coins after this is all over.

Agreed, mostly.

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

I guess this was my main point - I don't see the upside right now - joe bloggs doesn't see the upside - they just see a number that is 1000$ less than the all time high (239.69 just hit as i type this) within a few months. Boom is all I can see ahead.