ChartBuddy
Legendary
 Offline
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 19, 2014, 08:03:17 PM |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 19, 2014, 08:03:32 PM |
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you'd think there would be SOME rise in price on gox in anticipation of the btc withdrawals coming back online soon.
seems everyone has lost all hope for gox
It seems like the worry has shifted to Gox ultimately filing bankruptcy. In that event, investors would be likely to sell all the can to get back into fiat, so that they may have a reasonable claim in court. Since governments, and therefore the courts have not laid out specific guidelines on whether or not bitcoin is a currency, the likelihood of being able to recoup fiat from a bankruptcy is greater than the likelihood of being able to recoup btc. So who's buying up all those $261 goxcoins? |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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February 19, 2014, 08:06:41 PM |
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If a VC wanted to buy MK out, buying a shitload of Goxcoins on the cheap would give that person a lot of leverage in the event Gox is insolvent.
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gibbtek
Newbie
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Activity: 29
Merit: 0
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February 19, 2014, 08:11:36 PM |
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Just wanted to report I received 150EUR from Gox on the 17/02/2014, withdraw initiated on the 06/02/2014. Was not expecting that. Maybe hope is not lost?
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empowering
Legendary
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Activity: 1078
Merit: 1441
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February 19, 2014, 08:15:09 PM |
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seems everyone has lost all hope for gox
There appears to be @$260 worth of hope at Gox. and on Bitcoinbuilder 1 MtGoxBTC =0.61 BTC |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 19, 2014, 08:16:08 PM |
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Just wanted to report I received 150EUR from Gox on the 17/02/2014, withdraw initiated on the 06/02/2014. Was not expecting that. Maybe hope is not lost?
you may have depleted their reserves |
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jojo69
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Activity: 3332
Merit: 4615
diamond-handed zealot
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February 19, 2014, 08:20:26 PM |
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So who's buying up all those $261 goxcoins?
I got 1  |
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gibbtek
Newbie
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Activity: 29
Merit: 0
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February 19, 2014, 08:20:30 PM |
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yea ok i know its not a lot but it's what was left in there.. i know others have a lot more, I sincerely hope they have some luck also.
I really didn't expect to get that back. we'll see what happen with the BTC.
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KeyserSoze
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February 19, 2014, 08:24:45 PM |
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+1 Wow... you are really an early adopter. Congrats!
Depends on what you think early means. Early to mid-2011 for me. It didn't feel early to me. It felt very late, especially since users were just beginning to bemoan the death of CPU mining. To be clear that quote in my post referring to a conversation with Satoshi was not me, that was Hal Finney. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 19, 2014, 08:26:24 PM |
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Japan - MK's back yard - Thursday, February 20, 2014 5:22 AM(JST)  |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 19, 2014, 08:26:26 PM |
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gox is flat-lining. pieeeeeeeeeeeee..... |
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KeyserSoze
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February 19, 2014, 08:27:27 PM |
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Just wanted to report I received 150EUR from Gox on the 17/02/2014, withdraw initiated on the 06/02/2014. Was not expecting that. Maybe hope is not lost?
you may have depleted their reserves lol |
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niothor
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February 19, 2014, 08:29:06 PM |
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Just wanted to report I received 150EUR from Gox on the 17/02/2014, withdraw initiated on the 06/02/2014. Was not expecting that. Maybe hope is not lost?
you may have depleted their reserves =))) Probably that was the biggest withdraw they could afford to complete. |
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magicmexican
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February 19, 2014, 08:31:08 PM |
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slowly moving up? (except gox)
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solex
Legendary
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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February 19, 2014, 08:36:31 PM |
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Is gox buying all the coins it can at $261.23 with invisible orders?
No wall at that price, but it catches all sells. Are they stacking up coins ready for allowing withdrawals..?
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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February 19, 2014, 08:43:02 PM |
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Is gox buying all the coins it can at $261.23 with invisible orders?
No wall at that price, but it catches all sells. Are they stacking up coins ready for allowing withdrawals..?
Y'all are nuts. People are placing bids 1:1 with market sells, nothing more. No large sells; not breaking they
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ChrisML
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February 19, 2014, 08:49:32 PM |
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Withdrawals will be allowed by friday.
People receive BTC's/USD, people see that it's been received, people start buying cheap ass coins, people sell the cheap coins 4 hours later for $695,- on gox.
And we continue our lovely journey of the crypto's.
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 19, 2014, 08:50:58 PM |
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Jorge is wrong; bitcoin would be a zero sum game if it operated inside a closed system, it clearly does not.
Bitcoin provides a superior medium of exchange and makes private international value transfer more efficient, by orders of magnitude, as but one example. These increased efficiencies are net gains for the wider economy and for economic actors outside the bitcoin ecosystem. Some of the increased value bought about by these efficiencies naturally flow to Bitcoin, the asset, since that is part of the mechanism they derive from. Note also that some of that net value increase flows to bitcoin, the payment network, in the form of venture capital, new businesses and amazingly volunteer coding time.
Bitcoin is absolutely Not a zero sum game. That is a stupid, shallow statement from someone with very little understanding of economic systems, or a hidden agenda to push.
It is analogous to saying the back-hoe digger is not providing any advanced utility over men with shovels and no one can make money from building and using back-hoe diggers.
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