There's a goat standing on the mountain the logo on the Facebook page which isn't in the Crisis doc. |
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From Reddit: http://www.reddit.com/r/Bitcoin/comments/1yvdcd/heres_a_summary_of_what_has_happened_over_the/1.) MtGox allegedly lose 750,000 Bitcoins, according to an ALLEGED leaked document by MtGox, titled "Crisis Strategy Draft". TwoBitIdiot, who leaked the document, is a known person within the Bitcoin community. 2.) He then decides to leak the document to the public 1 - 2 hours later confirming this number, and within the document it says they are to rebrand as http://gox.com and lie their way out of this mess. 3.) After the document is leaked to everyone, MtGox halts trades immediately (Around 5 minutes after the leak) 4.) At this point, http://gox.com is still a parked domain, and not long after starts to redirect to http://mtgox.com (EDIT: More information on the domain situation from chris45215, which basically confirms that MtGox were indeed planning to relaunch as Gox.com as explained in the leaked document. Further info on Domain Investing.) 5.) After around 30 minutes, Coinbase, Blockchain, Circle and Kraken simultaneously release identical articles titled "Joint Statement Regarding the Insolvency of Mt.Gox" (EDIT: Since then, some of the articles have removed the word "insolvency", but not all of them.) 6.) A further 5 minutes later, http://mtgox.com is taken completely offline. Then: MtGox web page goes blank, with hidden hint MtGox may be being acquired. - source - comment in HTML of MtGox home page (a placeholder for an announcement about 'acq'). (This web page has since been superceded) Hours later, MtGox web page carries a statement that "a decision was taken to close all transactions for the time being in order to protect the site and our users" Karpeles tells Reuters ""We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties." Domain name Gox.com now registered to Karpeles/MtGox. http://www.whois.com/whois/gox.com gox.com redirects to mtgox.com. (A third party could have registered this and set it up as a hoax but that seems vanishingly unlikely.) The "Crisis Strategy Draft" report seems to be the sole source of rumours that 750k bitcoins are missing from MtGox. Also seems to be the source of a new supposed 'Gox' trademark. Rumours about ~750K bitcoins 'missing' from a MtGox cold wallet are confused, with some people assuming that 750K have gone in one go, others assuming that they have leaked away in small amounts over years, and others speculating that they have been destroyed/keys lost. If coins are 'missing', the figure might not be as high as 750k Facebook page 'gox.com' launched, seems to be fake/troll with increasingly absurd comments about Dogecoin, etc. If the content were genuine, it would surely be on the mtgox.com and/or gox.com websites, not facebook. IRC seems to carry comments from known(?) MtGox developers about losing their jobs. MtGox still conspicuously fails to prove that it has Bitcoin assets by signing any in the blockchain, though this may be for commercial/securty reasons. Thank you for this summary. There is a mess of information and rumors going around so this helped a lot. |
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I sodl at the bottom  damn my lack of faith damn brother, how come? the FUD....it got to me. And like many here, I was never rich, buying a few bitcoins a long time ago before these two huge bubbles has squashed my ability to remain rational. edit: let this be a lesson to you all - HODL At least don't sell while it's going down a lot. I first bought in near the top of the April rally.. but when it crashed I never sold. I was in the red from then all the way to the China rally, so about half a year. Either go in with full faith in the long term, or stay out. I did sell for a nice profit at $960 though. I'm not against shorting, but you need to know what you're doing. Nicely done. I sold 90% @ $180 when it was dropping. Never bought back in because I didn't believe it would rise so quickly. Missed out on $1200. Then I made a desperation move and sold my last 10% @ $860 on Mtgox when it was dropping. Made another gutsy move and bought int at $700 and sold at $1000. But if I had just held all the way until $1200. I still think about that. |
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Until a statement has been released by gox\mtgox, everything is still up in the air.
^This! It's a slim chance, but it's there. |
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I sodl at the bottom damn my lack of faith damn brother, how come? the FUD....it got to me. And like many here, I was never rich, buying a few bitcoins a long time ago before these two huge bubbles has squashed my ability to remain rational. edit: let this be a lesson to you all - HODL Why though? All the other exchanges only dropped $300 when Mtgox dropped from $1000 to $100. So logically speaking, my best guess was it wouldn't drop pass 300. Most likely 400-500. |
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Bitcoinbuilder went from .1 to .2
I got 10 at 0.1 and wondering to take profit or keep gambling.
I was just about to comment on that. If you bought at the low 0.007 and sold now can double. But man that's risky. haha  |
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Choo choo? Stamp @491 and climbing  Wow. Stamp caught up to BTC-E that is exciting! Bah. No fair. You guys got the much better price!  |
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I hope the Winklevoss Twins bought Mtgox. That would be epic! |
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I'm guessing it's only a matter of time before we go down again?
I'm not sure, it just depends on if enough buy orders get placed before someone comes and dumps another 1k of btc. The sell off seems to be leveling off from the Gox news. People in the United States that went to bed early are going to wake up to a big surprise in the graphs... Yes my guess is we're basically reacting from $135 to $0 on Mtgox. And my logic was we dropped from $850 to $500 when Mtgox dropped from $1000 to $100. So $135 to $0 so other exchanges has to be $300 to $500. And I remember the last time I tried to get greedy and get the bottom I ended up missing out from $450 to $1000. I doubt it will happen this time. It's a whole new ball game once again. So we'lls ee what happens. |
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bitcoinbuilder is such a fail.
people who wired some fiat to mtgox and were betting against mtgox insolvency...
well, you might have a gambling problem.
Not if you think that there's a tiny chance MtGox and its associated assets could be bought, restructured and rebranded into a functional, profitable exchange by a forward-thinking capitalist. A longshot for sure. fulltilt was bought out in the same shape as gox...... funny you say that, because i have been comparing the situation at Gox to that of Ultimate Bet. I said jokingly that Poker Stars should buy Gox...they have plenty of funds to do so.. It was an investment opportunity and *possibly* failed. I have no regrets. Shame BB doesn't get my 2% from there. Does he? He's not going to take it from my existing BTC right? |
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I was able to increase my BTC by 20-30%, but more importantly I cleared a few levels of Candy Crush!  |
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is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges  It would have to.... If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work  One of the news articles said Mtgox was declaring bankruptcy... was that verified? or FUD? |
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BB is trading at 0.15 BTC each. Under this assumption, the lower Bitstamp falls, the higher Mt Gox value BTC will go up! |
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Lol at that dude that transferred $50k into Gox a couple days ago...
Actually you can claim $50K as unauthorized or not credited and may be able to get it back. I got my money back from BTC-E that way. How do u claim it as unauthorized? That's easy your account was hacked and if you claim Mtgox had been stealing fiat... well it's grey area stuff. |
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Lol at that dude that transferred $50k into Gox a couple days ago...
Actually you can claim $50K as unauthorized or not credited and may be able to get it back. I got my money back from BTC-E that way. |
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I was actually buying BTC on BTC-E when I was refreshing this thread and saw that Mtgox was frozen. I had the price at a minimized window. lol Quickly market order sold all my BTC in BTC-E.. Hope that was the right decision.  |
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Well dammit. I just got a much of Gox BTC from BB today. Luckily it crashed because I was about to put in a lot more. it just went up 50% Bitcoinland, it's just amazing ps. wow, it actually went from 0.076 to 0.15 since Gox disappeared Oh shit... maybe I should cut my losses.... dammit.... Decisions! |
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Well dammit. I just got a bunch of Gox BTC from BB today. Luckily it crashed because I was about to put in a lot more. |
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I'd like to speculate on how long it will be before we start seeing the 6000 pages in this thread.
My feeling is this ascending triangle has to break soon, and then we can get back to the basic log-linear model that we've been following so far. This implies we will see 6000 in roughly 3 weeks.
Until this Mtgox thing is resolved, I wouldn't make that assumption. You think we'll hit 6000 if Mtgox announces they're gone? |
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Really, smoothie? In the past few days, the following arbitrage opportunity has emerged: Send money to MtGox, buy up goxBTC, sell goxBTC at the going rate, liquidate the realBTC elsewhere => profit. If you can do it in a reasonable timeframe, then it's pretty good.
I just look at anyone sending fiat to Mtgox as an investment opportunity. I won't take part in it though until there are confirmed BTC withdrawals in which case it will probably be too late. Basically too risky for me. |
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