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Title: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: mbrobe on February 28, 2014, 10:00:45 PM I am just curious with the recent events how there can still be a market place on bitcoinbuilder.com? Current price is 4% of BTC for GOXBTC.
Are there people who still think they will be able to recover money from MTGOX? thoughts? Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: RenHoek on February 28, 2014, 10:06:37 PM Mark Karpeles
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: lnternet on February 28, 2014, 10:59:39 PM No one can add any more goxBTC, so that supply is very limited, keeping the price artificially high
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: Sindelar1938 on March 01, 2014, 03:27:52 AM A play on bankruptcy recovery values perhaps?
Makes little sense to hold goxbtc though, goxfiat better Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: sh484 on March 01, 2014, 03:36:09 AM is anyone doing gox fiat?
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: mbrobe on March 01, 2014, 03:55:29 AM Heck of a value play if ask me. I am surprised that it is not closer to zero. People must think that there is some sort of recovery to happen.
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: redhawk979 on March 01, 2014, 04:25:18 AM Literally scams upon scams....
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: mbrobe on March 01, 2014, 05:49:09 AM You really think it is a scam? From my due diligence it looks pretty legit.
Might not be the most sophisticated but on short notice it is put together pretty well and Josh seems legit. I am just curious where this market place comes from? MTGOX gone, so GOXBTC to be ever had again , yet folks still seem to be buying them. Yes at an extreme discount but are people hoping that a settlement will ready pay? At least it is good for folks who might want to recoup losses on GOX Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: GambleX on March 01, 2014, 06:03:55 AM People who buy GoxBTC now speculate that there are more than 4% of the user-funds left to distribute on average. That is actually not such a bad bet, as most liquidations have a higher quota.
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: CrashX on March 01, 2014, 06:46:53 AM I was wondering, why will people trade value vs nothing.
Can anyone explain this? Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: mbrobe on March 01, 2014, 01:36:27 PM I guess just in hopes that there is an actual settlement of some kind that will get you more than 4%. If the previous poster is correct that usual settlement is more than 4% that one could be in for a gain.
I am guessing people will get at least 10% of their GOXBTC back. Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: DubFX on March 01, 2014, 01:39:01 PM There are few traders still for sure.
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: dreamspark on March 01, 2014, 03:13:32 PM Theres still money to be made trading the small swings to be fair.
Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: dddbtc on March 01, 2014, 04:19:51 PM I guess just in hopes that there is an actual settlement of some kind that will get you more than 4%. If the previous poster is correct that usual settlement is more than 4% that one could be in for a gain. I am guessing people will get at least 10% of their GOXBTC back. You are misunderstanding what he is saying I think. See the underlined portions of GambleX's quote. ~ $63,000,000 debt _________________________ = ~ 12.5% of consumer funds missing ~ $500,000,000 assets 100% - ~12.5% = approximately 87.5% of all the missing money Now that's if they liquidated the entire company. In a situation involving half a BTCillion dollars a registered business will not get away paying pennies on the dollar if they have a value close to the amount of money they lost. People who buy GoxBTC now speculate that there are more than 4% of the user-funds left to distribute on average. That is actually not such a bad bet, as most liquidations have a higher quota. All this being said, I wouldn't really bet any money at odds less in my favor than that for sure. Does anyone understand exactly how people are still trading GoxBTC with the exchange shut down? Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: T.Stuart on March 01, 2014, 06:11:53 PM I guess just in hopes that there is an actual settlement of some kind that will get you more than 4%. If the previous poster is correct that usual settlement is more than 4% that one could be in for a gain. I am guessing people will get at least 10% of their GOXBTC back. Better off buying Bitcoin Title: Re: Who is still buying GOXBTC on Bitcoinbuilder.com? Post by: jimhsu on March 01, 2014, 07:49:26 PM I won't elaborate, but people should consider how long bankruptcy court usually takes (it's all there, google it) and the discounted present value of that "recovery".
On the other hand, the lack of gox coins coming in creates artificial scarcity. |