Bitcoin Forum

Other => Beginners & Help => Topic started by: jtminer on February 17, 2014, 06:36:38 AM



Title: Where mtgox goes?
Post by: jtminer on February 17, 2014, 06:36:38 AM
Falling like this, at the end of day, mtgox will just fade away......
what do you think ?


Title: Re: Where mtgox goes?
Post by: hostmaster on February 17, 2014, 06:40:36 AM
i hope not. When he awaken will be damn good !


Title: Re: Where mtgox goes?
Post by: Sonny on February 17, 2014, 07:22:57 AM
I believe mtgox is already dying...
IIRC, there were posts out there saying some guys were able to withdraw bitcoin from mtgox again and again by cheating mtgox with malled tx...


Title: Re: Where mtgox goes?
Post by: JJKirsch on February 17, 2014, 08:27:46 AM
With what's been going on for the last few weeks, I'm rather sceptical about mtgox's fate.


Title: Re: Where mtgox goes?
Post by: chocomav on February 17, 2014, 08:35:41 AM
Mt Gox will probably continue trading for years but only at a fraction of the current volume. However, when they do eventually allow BTC withdrawals, I would expect the price of bitcoin on their exchange to shoot up to $700+ within minutes, as the temporary price arbitrage opportunity between exchanges closes. So if you have fiat on Mt.Gox, this is a good opportunity to buy some cheap BTC.


Title: Re: Where mtgox goes?
Post by: sase007 on February 17, 2014, 08:40:05 AM
Hell my friend, hell :)


Title: Re: Where mtgox goes?
Post by: alekfor on February 17, 2014, 09:16:54 AM
Mtgox is not Mtgox more


Title: Re: Where mtgox goes?
Post by: rohnearner on February 17, 2014, 09:50:31 AM
Falling like this, at the end of day, mtgox will just fade away......
what do you think ?
future of mtgox is not looking bright, because there is no value of fake promises in this world of serious biz. and all that chaos mtgox created and blamed on others did enough negative publicity for them..!


Title: Re: Where mtgox goes?
Post by: bittyweb on February 17, 2014, 09:54:05 AM
I hate mtgox rates, and their actions.  ???


Title: Re: Where mtgox goes?
Post by: SlowMotion on February 17, 2014, 09:58:36 AM
Falling like this, at the end of day, mtgox will just fade away......
what do you think ?
future of mtgox is not looking bright, because there is no value of fake promises in this world of serious biz. and all that chaos mtgox created and blamed on others did enough negative publicity for them..!

+1


Title: Re: Where mtgox goes?
Post by: Wendigo on February 17, 2014, 10:06:06 AM
This is a fine example how some bad news can kill a business.


Title: Re: Where mtgox goes?
Post by: rohnearner on February 17, 2014, 10:10:42 AM
This is a fine example how some bad news can kill a business.
And they must not blame others for there failure , that is more irresponsible and demolish the credibility of there own.!


Title: Re: Where mtgox goes?
Post by: Wendigo on February 17, 2014, 10:19:42 AM
If they didn't announce the bug, I think the btc price wouldn't have plummeted.


Title: Re: Where mtgox goes?
Post by: eyebuyyourcoinz on February 17, 2014, 10:26:30 AM
So if you have fiat on Mt.Gox, this is a good opportunity to buy some cheap BTC.

Thumbs up!  I am hoping to buy cheap Gox coins but don't have an account yet.  Hopefully someone answers my thread with newb questions soon  :)


Title: Re: Where mtgox goes?
Post by: Sonny on February 18, 2014, 01:37:57 AM
If they didn't announce the bug, I think the btc price wouldn't have plummeted.

That bug (Transaction Malleability) was discovered in May 2011, and there has been through discussion at that moment.

The problem with mtgox is that, they have been ignoring it for almost 3 years, and use tx id solely to recognize withdrawals.

I believe the "crash" (or "correction") in btc price is due to, panic-selling from uninformed people reading those FUDs (eg. bitcoin is flawed, etc).


Title: Re: Where mtgox goes?
Post by: Sonny on February 18, 2014, 01:40:35 AM
So if you have fiat on Mt.Gox, this is a good opportunity to buy some cheap BTC.

Thumbs up!  I am hoping to buy cheap Gox coins but don't have an account yet.  Hopefully someone answers my thread with newb questions soon  :)

I remember reading a post somewhere in the forum, saying that you should better hold USD (instead of btc) in your mtgox balance, as it will be better and easier to file a court case later.



Title: Re: Where mtgox goes?
Post by: DanielVG on February 18, 2014, 02:07:56 AM
I don't believe in the survival of MTGox anymore.


Title: Re: Where mtgox goes?
Post by: Baitty on February 18, 2014, 02:10:18 AM
I don't believe in the survival of MTGox anymore.

Even if they did reopen no one would trust them because of what they have done.