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This is why I was checking everything after any bitcoinbuilder trade and then seeing if it added up after I also thought they had short changed me on a trade. Cant expect much really and at least you got a proper reply...
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If people are getting them and never had a gox account could it be this account ? Who got that email to the email adresss registered here? Other one I can think of is bitcoinbuilder.
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Ah.
Is that the reason why so many people are so anxious to save MtGOX, even with a radical haircut on their balances, rather than liquidating it?
Nope strangely enough people just want their money back  |
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Awesome, but would definitely not want to use a non reversible payment method with it though |
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I also don't buy the liquidated them to play with the cash story. No one who believes in bitcoin (which he clearly did / does) would do that, they all feel that the price is way under valued and its a life changing tech. Hence why he acquired so many coins and then wanted his own exchange. Why would he then bet against the price going up?
Also back at $100 there wasn't anywhere near the liquidity to sell all of those coins.
That is just a theory, of course (I still think that it is more likely than the stupid malleability hack. Both theories depend on sheer stupidity, but mine also has a greed motive. Frrom the charts, I see that there were long periods when the price was stable. Perhaps MtGOX expected the price to remain stable for another couple of months, or that it would rise slowly so that they would have time to reverse the deal. In my theory, the sale would probably have happened off-market, in large lots. Suppose that a big investor contacted MtGOX and offered to buy 1,000,000 BTC from their cold storage at 15$ each, when the market price was 10$. Would they let that opportunity pass? Only time will tell, I too dont see how malleability could be blamed for completely drainage of cold storage. In fact by its very essence cold storage could not 'leak out' to the hot wallet. The only way this could happen is infact if they didnt have cold storage at all and it was kept in majoirty in a hot wallet. Having no coins in this other than the ones I bet on bitcoin builder I just cant wait to find out the truth. |
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Just make an offline address, stamp the keys into a peice of metal ( paper is too risky from fire, flood etc) then throw it in a bank safe. Job done and no worries.
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Jorge, what is illegal about an investor buying coins on other exchanges to inject into Gox?
Of course it is OK to buy coins on other exchanges from the exchange's customers and withdrawing them. What is not OK is buying a big lump of those coins in private from the exchange without the clients' knowledge. Agree but not likely to happen and I dont think thats what anyone was suggesting when they said investors can buy coins from other exchanges. |
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So much win. New wall paper candidate haha |
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What most of you seem to not understand is that one of the biggest results of this Gox fiasco is that many many coins are going into encrypted jump drives and paper wallets. They are not Beany Babies. They are Faberge eggs. There are going to get scarce. Really scarce.
I'm pulling most of my holdings off the exchanges. I should have done it long ago. You can figure out for yourself what this will do to the price.
Got to agree with this, I know I started off with just a small % of my holdings on exchanges but as the price has gone up and Ive traded this has become a substantial figure. While this isn't a bad thing there has been occasions where I have sold more than I would of if I had had less on the exchanges. I guess using your logic, which is fairly sound, supply is going to dry up. I think we will just see more transactions backwards and forwards from personal storage to exchanges but the chance for less panic selling is definately apparent. |
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Jorge, what is illegal about an investor buying coins on other exchanges to inject into Gox?
As long as were on the same page and realise that when we say buying off other exchanges we don't mean buying from exchanges cold storage and giving the money to them, we mean buying them at whatever market price from those exchanges clients with a regular account. What would be illegal with that ?
I also don't buy the liquidated them to play with the cash story. No one who believes in bitcoin (which he clearly did / does) would do that, they all feel that the price is way under valued and its a life changing tech. Hence why he acquired so many coins and then wanted his own exchange. Why would he then bet against the price going up?
Also back at $100 there wasn't anywhere near the liquidity to sell all of those coins.
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Ill go next  Turns out Gox was handed a subpoena based on claims of insider trading, market fraud, money laundering etc, this explains why he cant say anything in particular. The government have seized their entire BTC stash, hence why its not lost but just unavailable. Mark genuinely wants to sort out the mess but has no way to cover withdrawals which were increasing due to malleability fear and general gox incompetance... For some reason he beleives that he can sell the business and get his users losses covered while the FED do their thing. |
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Serious question: Would anyone use "GOX" if it was bought by a reputable company and re branded allowing limited customer withdrawals but with a guarantee that finds are safe. Then if they implemented full transparancy of user funds??
If the company is well known and can win back trust (e.g. by implementing a proof-of-ownership for all funds) I'm sure many people would. Also MK would need to be driven away with a large stick first. Well if the company is bought undoubtadley MK would be no where near it, I wouldn't be suprised if any new owners publicly slate him and what he's done ( if lost coins due to negligence turns out to be true). With the massive customer base and amount of verified accounts it must be like a honey pot to many investors, one can only hope that someone is able to bail them out and an anouncement either way is made soon. |
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Hi im new here.
yesterday i put short on 520$. I still hope we will see retest at arround 500$.
Obligatory "I had a freind who shorted Bitcoin once, haven't heard from him since." |
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In speculation terms the more this goes on the more it seems to me that the governments are involved.
Thats why he can't /won't say anything and why the funds are temporarily unavailable.
I mean if you get a subpoena that prevents you from moving any customer funds and carrying out withdrawals and also says that you can't communicate the reason for the restrictions how else could you react?
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Serious question: Would anyone use "GOX" if it was bought by a reputable company and re branded allowing limited customer withdrawals but with a guarantee that finds are safe. Then if they implemented full transparancy of user funds??
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Dunno about you guys but I am sick of having to defend bitcoin over the last couple of days against all the told-you-so mockers.
Its like everyones gone retarded and decides nows a good time bring up all the old fallable arguments against Bitcoin.
I even had the old " You can't pay yoru mortgage in BTC so its a speculative investment and thats it" to "I heard that the CEO of bitcoin took everyones money"
One co-worker couldn't understand when I said I'd rather hold a deflating asset than an inflating one that I meant in general and to convert btc to fiat if and when necerssary. To which he replied so you could live without cash now?!
I mean WTF these are intelligent people.
Be happy. This means that most of the people, while having heard of Bitcoin by now, still know next to nothing about it. What does this tell you about its potential for growth?  Anyway, Where the fuck is the CEO of Bitcoin and why doesnt he save all of us?  I know right. What a Dick head. Thing is one or two of these people have has BTC in the past .... oh wait, I think I answered my own question. |
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You could do a Gox by putting a number on your watch only wallet screen which shows a balance but never actaully check the cold address to update it.
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