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Either way, SOMETHING is happening.. if its good or bad is yet to be seen. Whatever it is, it has ALOT of eyes on it now, and people allot smarter than me following every last satoshi!
Never a dull day...
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Or the gox coins are moving to their new owners (takeover rumors true)?
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Would make sense.
Announcements could also be pinned.
To be honest, each major exchange\service should have their own subforum under service discussion.
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bitscalper?? is that you!?
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Where is the official press release? are we basing all these posts on some tweets and the WSJ link?
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What is Bankruptcy Protection?
"Bankruptcy protection" is the process by which a debtor is "protected" by a court while they reorganize their finances.
Protected from what? Protected from excessively hasty or harassing creditor actions, such as foreclosures, repossessions, law suits, harassing telephone calls, and the like. A more accurate lay-terminology for filing for "bankruptcy protection" would be filing for "financial reorganization" or "financial restructuring" under Chapter 7 or Chapter 13.
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the longer they wait between releasing info, the more crap like this will start to circulate....
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Site gets put back online next week with a rebrand (just a new logo).
btc withdrawals limited to 5btc per day\week purely to stop everyone running with coins and keep the business viable.
Mark announces step-down and takeover from a 3rd party. new CEO publishes a statement listing features\optimizations to the trading engine, altcoin implementations etc to help evolve the business and distance itself from the 'old' mtgox. financial reports published each quarter (similar to bitstamps last announcement).
in a few months, or whenever deposits seem to have built back up and confidence restored, withdrawal limit removed and trading fees reduced as a good will gesture for a set period to entice customers back that fled on the re-opening.
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According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney’s office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too.
If true, it'll be be interesting to see which came first: the shutdown or the subpoena? Or both at the same time... |
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Until a statement has been released by gox\mtgox, everything is still up in the air.
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For everyones info, Jeff Garzik is a bitcoin core dev.
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This is the speculation forum, make of it what you will. Even if it is just an "automated" copy and paste response, they are doing it on a sunday eve, which at least shows some commitment to try and keep on top of the workload they have.
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Thats what i thought.
Ive not logged many support requests with them but it surprised me to get one on a sunday morning (To me, GMT). not sure what time it would have been in Japan.
EDIT:
It would have been 7:55pm sunday eve when they sent the message.
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Just checked my emails for today and had this response to my support request from mtgox. hopefully an announcement isnt too far off  if all goes well ive made a pretty penny this last week! James Support, Feb 23 13:55: Dear Mark, Sorry for the delay in response. We working on it and will make an announcement soon regarding the BTC withdrawal. Please contact us for further assistance. Best regards, MtGox Team https://www.mtgox.com[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers. Please visit https://mtgox.com/security] Mark Billington, Feb 20 20:48: James, Could you enable BTC withdrawal on my account so im able to remove my coins? Or advise how long it will be before they are enabled. Mark Soon TM.. lol |
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There's a million and one conspiracy theories on this forum.
How about this one...
1. Gox really did have a bug in their bitcoin software.
2. They need to fix it like they said they do - and need to stop withdrawals to fix it.
3. 99% of bitcoin investors are either paranoid freaks or paranoid fat cats and so they all freaked and decided to sell loads of their coins - because they all read way too much into the hype and hysteria.
4. The price on Gox therefore tanked.
5. They will fix the bug and go right back to where they were before this happened.
Hmmm... almost tooooo simple?
So there ARE people on here who have the same train of thought as me! to coin a phrase, "A watched pot never boils". In this case though, its damn hard not to stare, and I have to admit, the price drop is slightly stomach churning In a couple weeks time, hopefully, all of this will be fixed and the only thing in tatters will be gox's reputation and not users $ or BTC. |
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Get off the track or you'll be killed when it comes back.... |
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266........fuck 266.
Bargain. I feel sorry for the guy who bought loads at 265 then panicked and sold them all the moment the 'crash' began. Seems strange to say I'd be more than happy to buy at the previous ath.... |
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266........fuck 266.
Is that where you sold? |
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