Bitcoin Forum

I'm interested to see who went all-in.

What didya lose?

I thought about it... then realized how stupid that would be

hahahahahahaha, I'm sure a few lost quite a bit. I know someone who spent 22K on those goxxed BTC.

http://www.reddit.com/r/Bitcoin/comments/1y8v6a/am_i_really_crazy/

Put in about $100. Knew the risk but figured it may be worth it. Whoops.

Knew the risk gambled , probably lost ^^ but again i knew the risk and i accepted them

I was trying to risk a couple of hundred or so, knowing it was a big gamble, but couldn't get it in... lucky me eh?

(Did confirm that BTC-e <--> OKpay seems to be working fine, despite rumors to the contrary.)

I almost did about $400 worth but before I could decide, the site went down. Might have been a good thing now.

Horror stories ^^^

I learned as soon as I got into Bitcoin not to use Gox, but even I didn't expect total bankruptcy. I mean sure, the warning signs were there, but how does half a billion dollars disappear?! I half-expected most of you who poured money into Gox during the final days to make out like bandits.

I guess a 500% discount was too good to be true. Who'da thunk it?

We all got goxxed.

Wow, a 500% discount - does that mean you pay nothing and they pay you 400% and give you coin??

I did 15K USD

Same here. I did some quick looking and it became very clear not to use them. Hence, I did not use them. Happy about it now.

I was very very tempted too, but knowing it was too risky decided against it at the last minute (litterly seconds before I pushed the enter button).  I know someone that put in $20K thinking he was going to come out with $100-200K and till thinks GOX will somehow magically return the coins.  Guess he's out of luck now.

I guess that should be more like an 85% discount... but you know what I mean!

lol, yeah ;).
Only human to be tempted. But the risk-return ratio was way off.
The difficulty going about getting goxbtc i think saved quite a few people.

I feel sorry for those original gox customers that lost out though. :(

so what is currently the best exchange to trade btcs on? I want to get into daytrading, but not sure what do people view as safest/most reliable exchange? I'm thinking of mixing it up on 2-3 exchanges evenly to minimize risks

I was waiting for someone to say something like this :). I did 1.5K EUR. Not a big deal compared to the amount of coins already trapped in gox.

I tried to withdraw in late January and populate my paper wallet, however the tx failed and soon after they halted withdrawals. I guess I was just a couple of weeks late…

Bitcoin is a long term investment.  I recommend people who want to get into investing in Bitcoin stop using it as a day trading tool.  I realize my suggestion will be ignored en masse, but its that nonsense that contributes to the volatility and subsequent LACK OF SUCCESS of bitcoin in the world.  Not that any of you day traders give a sh*t ...

-B-

actually the market "knew", and it was obvious

Yeah i tried day trading, but got bitcoins stuck (bought) at 950 :-), and stucked they there still :-) (but not on gox).

i know some who sent 10k € ....  ???

it was a gamble. and they lose.

The thing is all that money people put in the last month is still there. If GOX knew they already lost 850k bitcoins then it is straight up fraud on their part...if they knew they were fucked then they should have never allow money transfers and trading.

The transfer malleability was a coverup.

If they transferred funds in so recently, and they act quickly enough, from when the withdrawl first appears on their account: there may be some options to repudiate the transfer, and have the banks reverse it, as unauthorized or fraudulent.

They should seek legal advise.   :o

Luckily I got out of Gox early. I bought two GoxBTC at .3BTC each. So if I don't get them back that is what I lost.

Lost 1k with them and 2k with BTCE

Apparently BTCE has a known rep for "selective" scamming, scamming 15%* of its victims and maybe 5% of those speak out and only end up looking like competitors bashing the exchange to the other 75%+ that have condoned successful business with them) this is the sad aspect of the crypto industry!

I know a person who bought 80 Bitcoins at 140 dollar. And i can tell you that isa lot of money for that person. He is going trough hell i think. But how stupid is that? Think about it  ::).

There is also a charity going on for the victims of Mt. Gox http://www.solidarity4mtgoxvictims.com:800

Well my first read of the situation was mild incompetence compounded by their typical tendency to over-react to anything and completely fuck up the PR side, i.e. panic induced unnecessarily over a minor problem, so I was kind of expecting for any coins to be "made good" eventually, say in 2 months. Given that traders see that as an eternity and panic easily spreading among the sheeple contingent, I did not necessarily think the price was "too" cheap, and indicative of complete meltdown. However, knowing that Karpeles was a proud man and a tendency for the thinking over there to be "We am Bitcoin" as soon as he resigned the Bitcoin Foundation, I knew it was serious shit, so did not continue through other avenues (Such as Bitcoin Builder)

In general, due to their previous histrionics and dumbass plays, I avoided them for trading in the past, I mean what's the point of being on there to get the highest highs on the market if they're gonna lag 2 hours or shutter the doors. However, those seemed to be "short term untrustworthy" rather than "long term untrustworthy" kind of indicators.

Anyway, I'm rather relieved now that they have finally gone down the drain and their various incidences of stupidity are no longer going to affect the market for everyone else.

Almost spent $100. The site said it would have taken 11 days to get my funds in. When I laughed at the 11 day "estimate" and wondered if Gox would be there in 11 days, I laughed at myself and purchased from Coinbase.
I try to use bitcoin for occaisonal purchases.

Yep.  Sent 5K fiât.  Had 10 BTC in there too.  All post Gox withdrawal halt. 

~10K up a wild hogs ass.

What is it they say about a deal too good to be true?

I know a person that bought 100 goxcoins at $100... it was a conscious gamble though... He has plenty of coins outside. I'm lucky I have a shitty bank so I figured it would take too long for them to send a wire anyway. Phew.
 

I just found goxcoins through bitcoinbuilder then when I went to mt gox it had been taken offline.  I guess I was really lucky because I would have totally traded .5 BTC for 1.5 Goxcoin.  Sorry for everyone elses losses.

Saw someone post that they'd spent $800k on gox coins.
Dunno if it was true or not, it was on this forum

https://bitcointalk.org/index.php?topic=564.msg5336267#msg5336267

I know one person who spent $500 on those Gox coins.

Hell, I'll be honest though, if the price dropped to $10, I probably would've tried buying some.

You're the perfect example of greedy pigs.

If the price is that low , then it even means something is wrong.

Its not about risk management, its about stupid greedy gamblingand we all know how that turns out.

What if i open an exchange, make the site looks "so nice and modern" that has btc priced at $10, would you send me money?

I'm actually glad idiots whos trying to buy btc at $100 lost all their money. They're never bitcoiners, just bunch of parasites who cares about profits and MONEY, fiat money.

Aren't you just the most splendid example of a decent human[e] being? Please do continue to shine the way for all of us lowly ones.

http://www.drivenachodrive.com/wp-content/uploads/2013/09/2-wayne-and-garth-not-worthy.jpg

I would have if it wasn't for the compliance checks (rewarded to my laziness). Was a pain signing up for Bitstamp.

A charity for stupidity.....................  ::)  Remember kids...A fool & his Bitcoins are soon parted  :D

I guess this is next for Gox............

http://www.youtube.com/watch?v=q6iAPvcWmQI

Didnt wire any money, but bought small amount of goxbtc on builder, knew the risks. Just like betting on the underdog just because the odds are worth it, not surprised at the result, because underdogs usually do not win.

Well looky who decides to show up on the high horse.  How is the air up there?

its easier to day trade than mine bitcoin

Hey, i'm not the idiots that lost money. Greedy much bitch?

Some one bet 4200  ;)

https://bitcointalk.org/index.php?topic=485933.msg5355847#msg5355847

I had enough cash to pick up 2 at 111. Felt really good about it that night, dollar cost averaging and all.
Site went down next day :'(

Just look at is a a long shot futures bet. If it wins you become rich. If not, better luck next time.

Anyone who did, probably reacted like this

https://i.imgur.com/Yh8yT0k.jpg

Was thinking about it, then decided it would be too much hassle.

...

*Phew*

Yes it is a gamble, but so is supporting the Bitcoin protocol (which I am proud to support and proud to be a community member of).

And yes, sure it may be "greedy" but it's also a calculated risk based on a history (albeit very clouded) of them having gotten out of stupid catastrophes in the past.

The reason why I would go and snatch up a few coins in at such a "low" value is because in a sense, when the disparity is that significant (50:1) it's essentially a niche prop bet. At least in my eyes.

I'm sorry that my post impassioned you in the wrong manner; that was not my intent whatsoever. I was just being frank and candid about how at that type of disparity, the "gambling itch" would kick in for me as I think it would for many others.

I did not in any way mean to downplay, ridicule, or justify the losses of others; nor did I mean to imply how "good" it would be to attempt to take advantage of a situation like this.

Anyone thinking about calling their bank for a reversal? SEPA should be reversible for two weeks right?

Was close to buying goxbtc when that bitcoin builder site popped up, there was an ask for 25 goxbtc for 3 BTC and I thought about it for a very, very long second. Then I remember seeing that awkward smile on Mark's face holding that fancy coffee and I knew everyone's coins were probably long, long, gone.

Then why are you in this thread, sadism issues much?

Only 400$, so am fine  :D

To laugh at idiots like you ...bitch.

Gatorage me bitch

Calculated risk huh? ... why do gamblers like to use that as their fancy reason for gambling.

Also supporting bitcoin is same as gambling?.... are you serious bitch?

Just admit it bitch, it was pure greed that blinded you and all you cared was profits. You would dump those coins like bitches on other exchanges as soon as you got a chance.

I almost traded 1 REAL BTC for Gox BTC on Bitcoin Builder.

Then, judging by my past experience with MtGox, I decided not to and withdrew my BTC.

A few hours later, MtGox went down.

Stayed away from Gox since '11. Money spent/lost is 0.

I luckily saved myself from mtgox.  ::)

Was very lucky on this one.  After registering for Gox in the beginning of December, I was approved just at the time GoxBTC was at it's lowest.  Thought about buying in the $100 range.  TG I did't have an any BTC in my account or I would have gotten beat as well.  But after all what was $1 last year could be $1 next year. Kind of look at this whole thing as a gamble.  In the past few months I have bought BTC, sold BTC, mined BTC, purchased items for BTC and have been scammed of BTC on this journey.  I am kind of liking the whole BTC thing, but I do realize that it's all a gamble and I would never play with any money I can not afford to completely lose.
Just my .00005 BTC (at current rates). 

^^^ and this is the same dude who was all over every little move on the gox wall observer thread last year, must have made his million then bought back his soul with a 10% donation to Sean's outpost or something.

what?  so is now a Drivers License is the mark of the beast now?  u need that to buy bitcoins and dollars?

doesn't make sense to me