Bitcoin Forum

Economy => Speculation => Topic started by: wobber on February 20, 2014, 07:56:05 PM



Title: Selling all my BTC and moving fiat to MtGox?
Post by: wobber on February 20, 2014, 07:56:05 PM
Answer is: NO.

Do you think MtGox will be here next week?


Title: Re: Selling all my BTC and moving fiat to MtGox?
Post by: GigaCoin on February 20, 2014, 07:58:09 PM
yes


Title: Re: Selling all my BTC and moving fiat to MtGox?
Post by: Chalkbot on February 20, 2014, 08:00:26 PM
Do you think MtGox will be here next week?

Depends on your definition. Mt. Gox can exist forever if they never allow BTC or fiat withdrawals. Do you count that as being "here?"


Title: Re: Selling all my BTC and moving fiat to MtGox?
Post by: faiza1990 on February 20, 2014, 08:01:10 PM
yes they would be here


Title: Re: Selling all my BTC and moving fiat to MtGox?
Post by: Chalkbot on February 20, 2014, 08:21:15 PM
Do you think MtGox will be here next week?

Depends on your definition. Mt. Gox can exist forever if they never allow BTC or fiat withdrawals. Do you count that as being "here?"

If they continue to refuse to pay customer funds on deposit, they will eventually be shut down. The longer Gox keeps funds locked down while accepting deposits and allowing trading, the more likely this becomes. Still unlikely.

Okay. Introducing queuing and daily limits for all withdrawals! Now we can say we are actively paying out while simultaneously operating an insolvent operation indefinitely. Cool beans. Learned it from the banks.