Bitcoin Forum

Other => Beginners & Help => Topic started by: Cyt6000 on August 25, 2013, 08:29:02 AM



Title: What if...
Post by: Cyt6000 on August 25, 2013, 08:29:02 AM
I've always wondered, what if MtGox or any other major exchange were to be exploited and have all their funds stolen (if that's even possible). What would you think?


Title: Re: What if...
Post by: marcovaldo on August 25, 2013, 08:31:29 AM
Then, some people got fucked, but who cares?
You always invest less that you can allow to lose, so...


Title: Re: What if...
Post by: b!z on August 25, 2013, 08:38:43 AM
Mt Gox is already screwed, all USD is frozen.


Title: Re: What if...
Post by: sealberrder on August 25, 2013, 08:39:36 AM
I've always wondered, what if MtGox or any other major exchange were to be exploited and have all their funds stolen (if that's even possible). What would you think?

It deepends on BTC amount lost. If small in terms of their yearly revene then you would not notice it


Title: Re: What if...
Post by: coinbets.is on August 25, 2013, 08:42:05 AM
I think a new exchange in Denmark, Norway or Island will be more trusted then Gox and Co.


Title: Re: What if...
Post by: marcovaldo on August 25, 2013, 08:43:41 AM
I think a new exchange in Denmark, Norway or Island will be more trusted then Gox and Co.


Europa in general (like bitstamp) :)


Title: Re: What if...
Post by: Butterbrot on August 25, 2013, 09:51:51 AM
I think the Bitcoin price would crash rapidly.


Title: Re: What if...
Post by: marcovaldo on August 25, 2013, 10:17:04 AM
I think the Bitcoin price would crash rapidly.


No. It would increase quickly because nobody will be able to withdraw money and they will clear their balance by buying bitcoins ...  ::)


Title: Re: What if...
Post by: Lauda on August 25, 2013, 11:32:54 AM
How about an exchange in Sweden, they're laws seem better than the average.
and yes, there is a risk, mtgox is having problems already.