Do you mean that he is in a similar boat as Charlie Shrem?

What price are you banking on?  $520-ish?  or some other amount?



The ONLY explanation that I can think of is that HE was trying to appear as a GOOD and honest business man... in order that he would inspire investors to have confidence in him and that he was NOT just being a sheister..... ...






I predict 4-5 days at most in this range... then we are going to bust out... and be in the $750 to $850 range... ...  My prediction is based on pent-up demand for BTC...   and also based on the fact that we have largely found out enough facts about GOX in order to adequately understand the range of ramifications...

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?

If that $552 wall gets moved off of Bitstamp... which seems that it has been diluted a little bit (as I type)... there are more buy orders as compared with sell orders on bitstamp.. ...   ?Accordingly we may be ready for the downward party... at least for a little while (and downward a good $30 to $50)... I cannot see the price going down much below $500 though... and even if it goes below $500, it is likely only to last for merely a short period of time... that is my current thinking based on the news that we have in front of us at the moment and the various pent up demand to get into bitcoin that seems to exist out there.




I would think that these stolen coins, to the extent they exist, have already been absorbed into the BTC market... there may be some here and there that still need to be reallocated or washed or whatever, but in the end... the market has likely largely adjusted to the GOX coins

Yeah.... 2% fees on both ends... .... so, yeah, so long as he was collecting those new BTC and storing those newly collected BTC outside of GOX, then he should be o.k....   Additionally, He should have been smart enough to structure his business and the bets in such a way that he wins, no matter what happened to GOX....

Current  BTC to MTGOX BTC rate is .0413... as I type...

Actually, even though some people take risks in their investments and their hopes that businesses and persons are acting with  a certain level of integrity, sometimes the risks are kind of anticipated....... ... and like everyone says, the best time to invest is when others are running away from that investment....... .... ...

YES>>> >> the blood of a lot of people will boil... when they read the level of admissions of loss or theft that occurred through GOX....... it is really bullshit and it still does NOT add up... that anything other than fraud was going on at some level..... which actors are responsible??? probably a few people besides Mark...   .. even though the buck stopped with Mark.

Probably investment groups should follow the same kind of protection that individuals should follow... especially after a run up of an asset class... and that is to spread out their investment and to engage in a form of dollar cost averaging... ... let's say that they wanted to get into bitcoin, and they were in a hurry to get some in before the end of the year... .. Accordingly, they could have started at the end of November.. at the peak.. and then on a weekly basis invested 1.5 million... or something like that... they may NOT be in too bad of a position if they had averaged it out a little bit... especially for the potential long or medium term that we are pretty certain to be above $1,200 per BTC by the end of 2014...   even if we have some ups and downs in the middle... ...

In other words, I am of the belief that a competent investment firm is going to explore a little bit rather than going in BALLS to the WALLS...

There is NOT even a date on that page... but I suppose that there will be a correlation with other records... and then within GOX there are a lot of records of various transactions and trandes that may have taken place between the date of the deposit and the date of the closing of the exchange.  HOWEVER, I am confident that ONLY a small portion of GOX customers went through the effort to save those various pages of electronic data (even though there were several weeks in which that saving of pages could have been done (between the time of the discontinuance of withdrawals until the time of the shutting off  of the website)..  

Yeah.. that was 10K sold at $579... and he would have had plenty of opportunities to buy back over the last couple of days for $550 or less... or even in the lower $500s.. for a while... ... but would have anyone noticed?  .. it would be difficult to buy in that quantity of 10K in one shot... or in big increments...





YEAH RIGHT.... There was insider trading going on there... and he is back in ... HE is NOT so stupid as to wait....   That's ridiculous...



EDIT::::: I reconsidered my post... and... it is possible that if the BTC were stolen.. then the guy would go back in above $579 in order to camloflage... the situation a bit... ... so .. ..  I retract the ridiculous portion of my earlier response.

Be amused all that you want... THESE kinds of transfers from one asset class to another happen all the time with various kinds of investment... some people will see the opportunity to transfer their assets early on and transfer and others will wait too long.. there is a lot of variability in what people will do and how they will invest and how they will predict the future..

 in the mean time, and currently today and seemingly in the next year at least,  BTC is the place to be... b/c we DO NOT know about another replacement crypto....   even some promising like Ethereum or another are NOT far enough along in order to take over BTC market share... which may come down the road, but NOT today...

Actually, I get you on that part.  Even though I am a newbie in this particular forum, I am NOT a newbie to life and ridiculous and repetitive non-logical arguments... the naysayers, so to speak, who are NOT really contributing to the direction of the conversation.


Personally, I am NOT too worried about the MT. Gox situation in the whole scheme of things - however, it is leaving some uncertainty for some time b/c we are NOT getting very clear communication about the extent of the damage and/or the extent to which any investors will be made whole.     Certainly with the passage of time, more and more regular people are finding out about bitcoin.. and there becomes more and more potential for bitcoin to begin to fill some various voids and to take on the value of various asset classes in the forum of currency, commodity, money transmitter, and network - amongst other potentialities.

In bitcoin time, a year is a long time... especially when it comes to the result(s) of public exposure to bitcoin.... I started in bitcoin in November 2013... It sure would have been nice to have gotten involved earlier, such as summer of 2013... but anyhow.. better late than never, and even though I am somewhat late, it still seems like the early days of bitcoin, in terms of potential.

YOU guys have been posting in this forum... for 5 years?   or even 2-3 years.. would be quite a bit...

What is $300?  and when and for how long?  a flash crash?   We got down to $400 in a couple of flash crashes in the last week.

I CANNOT disagree with you, here.  It is very possible that there is going to be an improvement on bitcoin that will undermine bitcoin... but that is in the future.. and maybe even, as you say, two years or so.  At the moment... bitcoin is pretty damn good... and bitcoin is "the one" to invest into b/c it is the direction of the future.  However, if a better "one" comes along 6 months from now, one year, two years or even longer.. at that point, it is very possible that we could transfer our investment from bitcoin to that other "one."   Accordingly, what's the problem... Invest in bitcoin now, and when that other better one comes along, then move assets into that other better one...   NO problema.




When is this going to happen, and how low is it going to go... I would like some more too in the coming week or so... and then thereafter we can be on our moonward journey...

This is a ridiculous representation - b/c it fails to start from the beginning... therefore it picks some random starting point, and then draws some random line that seems to be based on pure speculation.




When was this supposed breakout?  

You mean a day or so ago when it nearly went passed $620 on bitstamp?  

And what is happening with bitcoin exactly... I have seen bitcoin stagnation for about two days...   stagnation that is likely based on ongoing uncertainty concerning the status of MTGox and how big of an impact 750K or more coins could have on the direction of the current infancy state of bitcoin...  and solution moving forward... ...

IN my view, few of the potential scenarios would be fatal to bitcoin absent some outlying possibility of a conniving government plot that may use their accumulation of confiscated coins on an ongoing basis to continue to attempt to undermine bitcoin.. (potentially a million or more coins in the hands of the USA govt and possibly other governments that could be used to manipulate BTC in various ways in supplement to other govt oppressive measures to undermine confidence in bitcoin).  B/c of what it has learned about various peer to peer networks, Govt probably realizes that it cannot win to attack bitcoin directly and will likely have to engage in various behind the scene and passive aggressive measures to keep bitcoin "in-check."  

I agree that:
1)  if knows that he has all of the customer funds, he would have said so by now;
2) if he does NOT know whether he has all of it, but he thinks that he has most of it, Gox would probably still be open;
3) if he does NOT know but estimates that he has anywhere under 50-70% or customer funds, it may be good to be silent until he is able to figure out the details (and in the meanwhile shut down.. b/c he does NOT know what the fuck is going on)

I believe 3 is the most-likely situation - and possibly customers will receive up to 50% of their funds back at some point.... although since the situation is evolving, there may be further expenses and lack of fund generation.. at the moment... and the reimbursement amount might get smaller as time passes without resolution... so in the end, maybe Gox customers will get 10-30% of their funds.

Quite a bit of speculation, here, of course.

Yes... forking in such circumstances would cause a major problem to incentivize sloppy behavior... it would be like the 2007/8 bank bail out... and should NOT take place in the bitcoin world.

WE still do NOT know whether he did anything illegal.





Actually, it may be a crime if there were banking regulations, but if there was NO intent to defraud investors, then how could that be a crime?  








 

YES... your way of expressing seems arrogant and condescending, and maybe you are some kind of expert... NOTHING wrong with that...   ON the other hand, I do NOT see any meaningful purpose in the way you are expressing.. but to each his own.. b/c I am NOT going to let it get to me.. ... at least, NOT based on our few interactions, so far.  And, you may be correct about your hunch... .. .or whatever you want to call it.




YOU are being ridiculous.... with your comparison.. Certainly, I do NOT believe that a person has to experience everything to talk about it... but there are credibility questions.. and buying a bitcoin is in NO way like murder.