WOOOOORD!

He obviously just did the simple math to divide the Gox market price by the the Bitstamp rate e.g.

Better hope to find another fool to buy your crap for 70% free coins and realize some nice profit right on spot.

To finally announce another announcement during the following week.

They should do Bitcoin a favor and just shamefully die. They are done in any case.

Of course they do as long as they find enough fools.

Right. Sometimes I read so fast that I end up skipping half of the content So, any reasoning for that statement/conclusion then?

SAY WHOOOT? Any source for that statement?

Hey fellas,

I have kind of a dumb question, since I didn't follow the forum thread. What is meant when someone is offering GoxBTC @75%. I mean 75% of what?

Edit: Got it But I do not understand why someone would trade 75 free BTC for 100 GoxBTC, when the Gox rate is 50% below other exchanges!? I am offering hereby to buy at 40%. That seems a bit more realistic to me.

WOW, you must have huge balls to keep such an amount on Scox.

Generally speaking, I think we should fasten our seat belts and get ready for the worst scam in Bitcoin history. Let's face the facts. Most likely, the story about a technical issue is plain bullcrap. And by now, also the most naive Bitcoiner must have realized that Mt.Gox is not to be trusted as a trading platform leaving those crooks with only two options.

A: Take hundreds of millions in customer funds and disappear enjoying la dolce vita on some private island somewhere in the Pacific.
B: Announce that everything is back to normal and watch 99% of all customers instantly withdraw their coins.

As far as I am concerned, it's kinda obvious what it's going to be.

Not only do they face a simple decision, but it also seems like they got ready for this very moment quite a while ago. According to the article "The rise and fall of the world's largest bitcoin exchange" published on wired.co.uk (7th of November 2013), Mt.Gox not even has a physical office anymore. And of course Karpeles and his gang weren't seen in a very long time as well. Plus, they might start feeling some heat after Shrem and Faiella's arrest. 

Well, let's hope for the best while preparing for the worst.

Good luck.

Agree. Two scenarios very likely to happen. Obviously, the question is not if, but when we gonna see a huge drop..

Besides, the ongoing market manipulation is another big danger to the survival of Bitcoin. People are not dump (edit: but brainwashed ) and most do not want to deal with stuff connected to illegal activities. In the early days, BTC was basically associated with drugs. And it won't be long until Bitcoin will be looked at as just a tool for scammers and financial crime. By the way, I am very curious when the Mt.Gox crap finally hits the fan.

No doubt about that 

I do agree with most of what you are saying and if you'd ask me I never would go back. However, Bitcoin's major advantages over Fiat are also its biggest risk. Taking the actual situation into account, it seems very questionable if BTC will survive USD and EUR. At least on today's price level.

Of course it's not only the Chinese. Another big thing which becomes more and more obvious is that bitcoins are never going to be a wide-spread currency. Accepting BTC as a business is a gamble that only a few are willing to take. And for those it's more a publicity stunt than anything else.

Moreover, the simple truth is that the established financial system won't just be standing aside and watch how their power is slipping. Those structures will only tolerate Bitcoin until they have learned everything about the technology to put up something similar themselves. With a market capitalization of $11 billion the whole thing is still a very tiny niche which they can easily squash within a few days if necessary. Underestimating the power of the international banking cartel - as so many do - is just hilarious.

Maybe you should start caring... I mean, just in case you are holding BTC

When looking at this >>> http://bitcoinity.org/markets/list?currency=ALL&span=3d <<< I think there is enough said as far as I am concerned.

Good Luck everybody

Yeah, whatever. We'll see.

Looking at those tiny orders, which are constantly tiny, one must really wonder how they still keep up such a volume. What makes it even weirder. By now, the whole thing looks like a market entirely run by bots. I mean just look at those candles. It's a fucking joke. There is no real/organic trading going on.

But I am just a n000b and, honestly speaking, I don't give a shit.

Yeah. Strictly speaking, you are right.

Well, that means I'll get a mobile phone contract first and then sue them. The only problem is that it gonna cost me at least 20 business days - probably even faaar more - until I know if they finally accepted the damn thing.

Moreover, I read more and more posts where there is said that verification didn't solve the problem. Many are complaining that they are still not able to withdraw their coins. So, all this doesn't make too much sense. But I will do so. Just for the record.

Last but not least, I am sure that any lawyer/judge will come to the only plausible conclusion that mtgox is a big fat organized fraud/scam acting absolutely illegal with everything they do... I even doubt that there still is a real office in Japan with real people working for them. Seems like they are long gone.

Yes. You got a good point there. But I am talking media coverage, boycott and other very painful strategies. If necessary, I even gonna sue them. And if that doesn't bring my coins back, they are damned to rot in hell anyways what is just enough for some peace of mind at least

It seems like you don't understand how a market works. It's supply and demand influencing the price. And in those days of the huge rise it was China buying about 10 times (edit: or at least 5 times ) as many Coins as the rest of the world. The Silk Road bust only gave Bitcoin some sort of credibility as well as publicity.





  I was just waiting for that. I am not saying that I take the trollbox entirely serious, but it doesn't change the fact that China is moving first.

That is definitely wrong. In fact, it was China pushing BTC beyond 1000USD. It was them buying Coins like mad men! And it will be them causing a huge crash. All the other exchanges are reacting to what is going on in China right now. Not the other way round. You can even tell from the BTC-e trollbox. China is always mentioned first when the market is moving at the moment.

Hm. That is weird. When I checked earlier it wasn't even listed under markets anymore. Well it seems like they are about to go down in any case.

TICK TACK...

BESIDES, do they even have a known business address?  

edit: Found some.

Sarugaokacho 26-1, Shibuya-ku, Tokyo, Japan

I wouldn't be surprised though if it was only a postbox you'll find there.

PUSH! 100% D'accord! I couldn't have said it better.

By the way, THANK YOU guys for all the support!