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Bitcoin Forum > Bitcoin > Bitcoin Discussion > If you are leaving mt gox, how will you withdraw your funds? (cash or btc)
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Question: If you are leaving mt gox, how will you withdraw your funds?  (Voting closed: June 27, 2011, 05:17:03 PM)
I will take cash - 4 (10.3%)
I will take bitcoins - 35 (89.7%)
Total Voters: 39

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Author Topic: If you are leaving mt gox, how will you withdraw your funds? (cash or btc)  (Read 1542 times)
nereer (OP)
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June 20, 2011, 05:17:03 PM
 #1
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?
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June 20, 2011, 05:18:19 PM
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In blood!
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June 20, 2011, 05:43:28 PM
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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
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June 20, 2011, 05:45:11 PM
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mtgox might not actually have the funds to cash everyone out because of the rollback. This should be interesting.
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June 20, 2011, 05:48:30 PM
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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?  Huh
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June 20, 2011, 05:55:51 PM
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Quote from: onesalt on June 20, 2011, 05:45:11 PM
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%.
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June 20, 2011, 07:01:57 PM
 #7
18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.
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June 20, 2011, 11:38:31 PM
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Quote from: nereer on June 20, 2011, 07:01:57 PM
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 (OP)
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June 21, 2011, 12:21:22 AM
 #9
Quote from: wujh on June 20, 2011, 11:38:31 PM
Quote from: nereer on June 20, 2011, 07:01:57 PM
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?
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