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theonewhowaskazu
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February 25, 2014, 10:54:22 PM |
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What are the odds that we stay over 500 the next 24h?
Pretty good unless there's a goxxing from beyond the grave. |
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BRADLEYPLOOF
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February 25, 2014, 10:56:20 PM |
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I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"
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medialab101
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February 25, 2014, 10:58:05 PM |
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I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"
Empty Gooooooootcha! |
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Arcas
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February 25, 2014, 10:59:08 PM |
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I've heard several things on NPR about bitcoin and "Mount Gox." I just want to call them up and tell them they're mispronouncing it. It should be "Mount Jokes"
I pronounce it "Mount Cocksuckers" Potato Potahto |
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frank754
Member
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Activity: 84
Merit: 10
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February 25, 2014, 11:01:15 PM |
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So is the consensus now that the bottom is reached and it will only go up? Would you trade in all your other altcoins for BTC right now (while BTC is cheap) or hold them?
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ChartBuddy
Legendary
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Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 25, 2014, 11:02:43 PM |
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jojo69
Legendary
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Activity: 3206
Merit: 4386
diamond-handed zealot
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February 25, 2014, 11:03:08 PM |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 25, 2014, 11:04:34 PM |
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yeah was just about to post that, thought it was pretty obvious by now, but there are still deniers about. |
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fluidjax
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February 25, 2014, 11:04:36 PM |
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So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.
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Yololintian
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February 25, 2014, 11:07:28 PM |
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So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.
Lol people lose 50%+ of their highly speculative investment and the first thing they do is throw more money into it. |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 25, 2014, 11:07:42 PM |
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So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.
i seriously doubt anyone will get any money or coin out of gox for a very very long time (if ever) |
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dreamspark
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February 25, 2014, 11:07:48 PM |
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From the source of that news story it sounds more like government from the way MK is speaking ? The fact he says they're not lost but temporarily unavailable. Also when asked about if a digital currency like bitcoin could exist he said it was hard to say there is a lot of bank and government pressure. Money laundering seizures or something similar ?
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jojo69
Legendary
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Activity: 3206
Merit: 4386
diamond-handed zealot
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February 25, 2014, 11:08:42 PM |
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yeah was just about to post that, thought it was pretty obvious by now, but there are still deniers about. the unnoticed loss of >700,000 BTC just beggars belief...speechless |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 25, 2014, 11:10:17 PM |
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yeah was just about to post that, thought it was pretty obvious by now, but there are still deniers about. the unnoticed loss of >700,000 BTC just beggars belief...speechless apparently all his own coins have been lost too as he kept them on gox :/ it's just really really sad, can't believe someone could be so stupid |
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smashing
Newbie
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Activity: 13
Merit: 0
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February 25, 2014, 11:10:51 PM |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 25, 2014, 11:12:22 PM |
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From the source of that news story it sounds more like government from the way MK is speaking ? The fact he says they're not lost but temporarily unavailable. Also when asked about if a digital currency like bitcoin could exist he said it was hard to say there is a lot of bank and government pressure. Money laundering seizures or something similar ?
he's talking about seizures, problems they've had with banks etc in the past the coins are gone, 'temporary unavailable' means he hoped he could make it back over time following the crisis strategy |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 25, 2014, 11:15:12 PM |
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So is the consensus now that the bottom is reached and it will only go up? Would you trade in all your other altcoins for BTC right now (while BTC is cheap) or hold them?
I hope so, but what has changed? gox if offline and trading is halted, but MK is still there to continue the upfuckery and nobody can get coins or fiat out. Nobody knows shit. Can't believe I'm saying this, but bitcoin is overpriced given what we know. |
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TERA
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February 25, 2014, 11:15:58 PM |
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What are the odds that we stay over 500 the next 24h?
Pretty good unless there's a goxxing from beyond the grave. This is exactly what happening now. Mark in the IRC channel still claiming everything is ok. It's like an undead zombie you can't kill. |
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porcupine87
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February 25, 2014, 11:16:38 PM |
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So is the consensus now that the bottom is reached and it will only go up? Would you trade in all your other altcoins for BTC right now (while BTC is cheap) or hold them?
There is never a "absolutely yes", unless the guy is lying or stupid. But I think below 400$ it will not go on Stamp. Except there are new news coming and that is always possible... |
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porcupine87
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February 25, 2014, 11:17:40 PM |
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What are the odds that we stay over 500 the next 24h?
Pretty good unless there's a goxxing from beyond the grave. This is exactly what happening now. Mark in the IRC channel still claiming everything is ok. It's like an undead zombie you can't kill. But what news from Mark could be make things worse? The think with the 750 000 lost btc over the years? |
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