If you are leaving mt gox, how will you withdraw your funds? (cash or btc)

[nereer]

Just trying to get an idea of what will happen when the market opens. I am thinking that, somewhat counter-intuitively, bitcoin will make gains against $ since many people will want to withdraw in bitcoins and not cash, so a lot of buy orders will come in pushing the market up.

thoughts?

[Astro]

In blood!

[opticbit]

Cash out the cash and bitcoin out the btc, no exchanging.

But it depends on how the market swings, and I might put more in

[onesalt]

mtgox might not actually have the funds to cash everyone out because of the rollback. This should be interesting.

[GeniuSxBoY]

They've got the funds.


Think of the fees they've collected multiplied by the number of transactions processed over the entire length of the service.


and by chance they don't have the funds right now.. they will definitely have them in the future because of the fees.


Aren't you glad you pay fees now? 

[DamienBlack]

mtgox might not actually have the funds to cash everyone out because of the rollback. This should be interesting.

Most of their bitcoin funds are offsite, you can see the huge 400,000+ bitcoins in the block explorer, untouched. No one got at their USD funds. Then there are all the fees they've collected. They have at least 95% of everyone's funds. Probably 100%.

[nereer]

18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.

[wujh]

18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.

Nope. the big guy with 25k+ BTC, which was hacked, will let you buy as much as you want.

[nereer]

18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.

Nope. the big guy with 25k+ BTC, which was hacked, will let you buy as much as you want.

what do you mean by that?