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Title: Help Preserve The Value... Post by: NO_SLAVE on June 19, 2011, 10:22:51 PM Ok, guys, when MT.Gox reopens, I presume there will be a rush to the exits.
We dont want to crash the value of BTC itself. Ways we can preserve the value are as follows.... Dont sell on Mt.Gox, instead take delivery of your coins by withdrawl. (The market is weak to begin with, sell orders were always stacked against buy orders.) Once withdrawn, Keep the coins in your client / secured wallet.dat file. Move them to the exchange of your choice (Im guessing Tradehill, how long before that one is hacked though?) The value of BTC will one day return after this hysteria. Hey, all those coins will be wanted by someone, even if it is to spirit money from one side of the globe to the other. Title: Re: Help Preserve The Value... Post by: Durr on June 19, 2011, 10:24:31 PM A bankrun on MtGox will cause them to go Bankrupt.. they are on Fractional Reserve with Bitcoins.. They don't have them.
Selling for USD then withdraw the USD funds is the safest option, especially when you can sell at 17.5$ and buy at 12$ at other xchs Title: Re: Help Preserve The Value... Post by: DamienBlack on June 19, 2011, 10:25:49 PM A bankrun on MtGox will cause them to go Bankrupt.. they are on Fractional Reserve on Bitcoins.. No they aren't. Where do you get that idea? Title: Re: Help Preserve The Value... Post by: Oldminer on June 19, 2011, 10:26:08 PM Only thing I'll be doing is checking my monies still there.
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