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Title: Do you believe gox is holding 624408 BTC for customers? Post by: jl2012 on February 25, 2014, 03:23:38 PM http://zh.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft
This document claims that gox is holding 624408 of customers' BTC. It's like 5% of all existing bitcoin. I think this is ridiculous as there was always less than 50000 on the order book. Why people are storing huge amount of money on gox for nothing? I simply can't believe it. (here I mean the liability, not the actual amount of BTC in gox's wallet) Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: ElectricMucus on February 25, 2014, 03:41:28 PM If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying. Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: jl2012 on February 25, 2014, 03:43:06 PM If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange. Just saying. Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: wobber on February 25, 2014, 03:43:49 PM Roughly 312,204,000 USD. Nice!
Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: porcupine87 on February 25, 2014, 03:44:16 PM If you have Bitcoins for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange. Just saying. Then you would see them in the order books... Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: ReBoRn on February 25, 2014, 03:44:49 PM Roughly 312,204,000 USD. Nice! yes I sure they have just because of this now they are doing this dirty game Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: Asrael999 on February 25, 2014, 03:45:31 PM If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange. Just saying. Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems I know I have coins at stamp that are not in the order book - I don't use Gox but why wouldn't people have done the same thing? Allegedly they had 500,000 accounts - ( inflated number probably) but if every account just left 1 coin there it would be most of that number. Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: ElectricMucus on February 25, 2014, 03:47:56 PM If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange. Just saying. Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems Well, I think not everybody who had Bitcoins on mtgox had a reason to do so. People are also lazy/reckless/stupid whatever you want to call it. Title: Re: Do you believe gox is holding 624408 BTC for customers? Post by: ElectricMucus on February 25, 2014, 03:56:49 PM If you have Bitcoins for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange. Just saying. Then you would see them in the order books... Nope. If I just have the Bitcoins in the account balance they don't show up, how should they if there is no price given for the sale? |