TERA
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February 25, 2014, 07:36:48 AM |
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What I really want to know is who is still buying thousands of goxcoins at 0.1+ after it already hit 0.07 today. There were even people buying at 0.2, AFTER the news.
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Holliday
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Activity: 1120
Merit: 1012
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February 25, 2014, 07:37:54 AM |
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I HODL'd through the crash from 32 I HODL'd through the crash from 266
How many of you will be able to say, I HODL'd through the crash from 1200?
How many coins would you have had if you sold and rebought instead? None if he picked the wrong exchange.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 25, 2014, 07:38:03 AM |
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LMAO! i wonder if mark is trading
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spooderman
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Activity: 1652
Merit: 1029
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February 25, 2014, 07:39:33 AM |
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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....
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derpinheimer
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Activity: 896
Merit: 1000
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February 25, 2014, 07:40:17 AM |
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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
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 25, 2014, 07:41:24 AM |
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WOW, bitcoin never disappoints. Action guaranteed. Whatever happens next, it's going to be fun. this is perfectly fitting
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JCviggen
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February 25, 2014, 07:42:22 AM |
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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 It doesn't look real to me, the way it's written doesn't match with being an "internal" document. I'm not saying that perhaps they were planning something along these lines, but I can't see that being an actual internal document. At this point, people will take some BTC back in small steps over no BTC back.
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fluidjax
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February 25, 2014, 07:42:36 AM |
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My quick calcs on bitcoinbuilder.
Got Assets $33M Got Liabilities $55M + (740K BTC * $160/coin) = $174M So liabilities/Assets = 5.3 This means you currently will get 18 cents on the Dollar (with coins at $160/coin - remember they only have 2000 coins )
So looking solely at $ values So 1 BTC (real value $450) buys 8.3 GoxCoins 8.3 Gox coins has an Gox value of 8.3 * 160 = $1328 However you only get 18cents on the Dollar, so that £1328 is worth $239
So effectively, in todays values, $450 of coins will buy you $239 of Gox insolvency payout.
So assuming there isn't a huge bailout, and using the current assets of Gox, It doesn't make sense to buy bitcoinbuilder goxcoins until they are at least 0.06 - and then you are only going to break even.
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virtualfaqs
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February 25, 2014, 07:43:08 AM |
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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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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 25, 2014, 07:43:39 AM |
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The crazy thing is everyone is talking about Stamp...and the volume on Huobi was and is still higher... I didn't see any 2k bitcoin sell offs in one sell order like on Stamp, but on the whole it was moving more weight.
Seems like it has calmed down a bit...did you all buy some more?
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 25, 2014, 07:44:37 AM |
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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? I believe it was verified. I don't think it stated that it was a certainty, but that it was very probable...(which everyone was already thinking)
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derpinheimer
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Activity: 896
Merit: 1000
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February 25, 2014, 07:44:47 AM |
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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? FUD, I saw that on a Chinese article or something. Either bad translation, or inaccurate news.
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 25, 2014, 07:45:43 AM |
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Definitely some blood in the streets tonight!
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 25, 2014, 07:45:56 AM |
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did you all buy some more?
lol
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tarmi
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Activity: 1232
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February 25, 2014, 07:45:56 AM |
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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.
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spooderman
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Activity: 1652
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February 25, 2014, 07:47:12 AM |
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People slowly buying in....
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adamstgBit
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Activity: 1904
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Trusted Bitcoiner
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February 25, 2014, 07:47:26 AM |
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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.
its not a problem till you cant afford it.
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TeeBone
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February 25, 2014, 07:48:17 AM |
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Nice bulltrap forming, if you havent sold...
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keithers
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Activity: 1456
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This is the land of wolves now & you're not a wolf
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February 25, 2014, 07:48:30 AM |
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did you all buy some more?
lol it was like a Black Friday clearance sale at Walmart for a minute there lol
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bassclef
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February 25, 2014, 07:49:23 AM |
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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.
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