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Author Topic: Awaiting the great MtGox Cash Out  (Read 3574 times)
dunk
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June 21, 2011, 05:18:26 PM
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Personally I am planning on cashing out my coins as soon as MtGox is back online. It's gonna be a fucking bun fight. I don't care if I only get a few USD per coin because this shit is going down like a sinking ship and I advise you to do the same.

Would you be polishing the brass on the Titanic as it crashed and burned? I don't think so. Cool
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stic.man
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June 21, 2011, 05:20:11 PM
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oh so you wanna buy low too huh?  me too!
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June 21, 2011, 05:20:45 PM
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foggyb
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June 21, 2011, 05:22:57 PM
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Personally I am planning on cashing out my coins as soon as MtGox is back online. It's gonna be a fucking bun fight. I don't care if I only get a few USD per coin because this shit is going down like a sinking ship and I advise you to do the same.

Would you be polishing the brass on the Titanic as it crashed and burned? I don't think so. Cool

Thanks in advance for this buying opportunity. Also, thanks in advance for enabling me to take profits at $30.
casascius
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June 21, 2011, 05:35:53 PM
 #5

I will just take my small amount of BTC as is, without selling, and safely send it to the address of a BitBill.

I plan on there being a better day to sell.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
imperi
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June 21, 2011, 05:38:27 PM
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I'm moving my BTC out, but I also planned this pre-crash. I only buy BTC for long term holdings. I don't sell. The miners and short-term traders can do that.
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June 21, 2011, 05:39:19 PM
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Personally I am planning on cashing out my coins as soon as MtGox is back online. It's gonna be a fucking bun fight. I don't care if I only get a few USD per coin because this shit is going down like a sinking ship and I advise you to do the same.
Would you be polishing the brass on the Titanic as it crashed and burned? I don't think so. Cool

dunk, you are a really clever guy, thanks for your tip. you can look in the future. what else can you see?

bitmessage:BM-2D9c1oAbkVo96zDhTZ2jV6RXzQ9VG3A6f1​
threema:HXUAMT96
Oldminer
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June 21, 2011, 05:40:55 PM
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oh so you wanna buy low too huh?  me too!

+1  Grin

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
imperi
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June 21, 2011, 05:41:05 PM
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My favorite part is that prices at all the other exchanges remain like they were before, yet he thinks that the value will drop a ton (might drop a little).

If I had dollars at Mtgox, it would be like Christmas for me.
stic.man
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June 21, 2011, 05:42:54 PM
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i was skeptical at first about bitcoin but the more this stuff seems to be resilient the more i believe in it's longevity

all these incidences could have easily brought about a complete and utter collapse but the system is strong and the faith is present.

stic.man
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June 21, 2011, 05:43:29 PM
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that being said if it crashed for good tomorrow I would not be shocked  Wink
Torminalis
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June 21, 2011, 05:47:07 PM
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Quote
i was skeptical at first about bitcoin but the more this stuff seems to be resilient the more i believe in it's longevity

+1. If it doesn't kill you it will only make you stronger. Never been truer than with Bitcoin.  Cheesy
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June 21, 2011, 05:48:49 PM
 #13

Personally I am planning on cashing out my coins as soon as MtGox is back online. It's gonna be a fucking bun fight. I don't care if I only get a few USD per coin because this shit is going down like a sinking ship and I advise you to do the same.

Would you be polishing the brass on the Titanic as it crashed and burned? I don't think so. Cool
Thanks, I'll be ready to buy them from you for a few USD per coin Smiley
Hey, why wait until MtGox comes up, I'll buy them from you for $5 now.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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June 21, 2011, 05:50:23 PM
 #14

Personally I am planning on cashing out my coins as soon as MtGox is back online. It's gonna be a fucking bun fight. I don't care if I only get a few USD per coin because this shit is going down like a sinking ship and I advise you to do the same.

Would you be polishing the brass on the Titanic as it crashed and burned? I don't think so. Cool
Uh... what?

Mousepotato
imperi
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June 21, 2011, 05:51:32 PM
 #15

If anyone wants to sell me BTC for $7 over Paypal, because of this cash-out possibility, let me know. Thanks.
AngelusWebDesign
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June 21, 2011, 05:52:42 PM
 #16

On the one hand, TradeHill has been up for over a day, and the price is quite stable in the $13.50 - $14.50 range.

On the other hand, MOST money (BTC & USD) is locked up at Mt. Gox, and so can't be traded. People are dying to use Mt. Gox funds to BUY, as well as SELL. So we really won't know the direction for BTC until Mt. Gox opens this weekend.

Yes, I said this weekend. It sucks, but it's going to be a long wait I'm afraid.

Matthew
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June 21, 2011, 05:53:19 PM
 #17

I have created a file going through the latest 4000 posts on the Bitcoin.org forums, taking that number down to 1984 after eliminating any non Mt. Gox related posts.

These 1984 posts were then gone through two systems set up where, in short, would mark the threads as "Pro-Gox" or "Anti-Gox"

Seeing as how this whole market is based upon speculation and fear, I went ahead and determined exactly what will happen in the following 2 week time (1 week guaranteed only, acts of god etc), and I will release this information to you for the mere donation of .0069 Bitcoin


*Estimate time of delivery of files 6-8 weeks

*Offer void

Seraphim401
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June 21, 2011, 05:53:36 PM
 #18

I won't be cashing out.MTGOX is the best option for SEPA zone users imo.

foggyb
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June 21, 2011, 06:45:52 PM
 #19

I have created a file going through the latest 4000 posts on the Bitcoin.org forums, taking that number down to 1984 after eliminating any non Mt. Gox related posts.

These 1984 posts were then gone through two systems set up where, in short, would mark the threads as "Pro-Gox" or "Anti-Gox"

Seeing as how this whole market is based upon speculation and fear, I went ahead and determined exactly what will happen in the following 2 week time (1 week guaranteed only, acts of god etc), and I will release this information to you for the mere donation of .0069 Bitcoin


*Estimate time of delivery of files 6-8 weeks

*Offer void


All I need to hear, is that you are taking bitcoins as payment for your bitcoin market analysis!  Grin

 Cool Cool Cool Cool
Maged
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June 21, 2011, 07:23:02 PM
 #20

Quite honestly, so many people think that MtGox will crash hard when it opens that I think it might spark a rally. Yes, you heard me right. That said, I probably won't be touching anything for at least several hours, since the risk will be way too high for me.

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