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Author Topic: What if Gox runs out of Bitcoins?  (Read 2858 times)
Jabbatheslutt
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October 20, 2013, 09:54:06 AM
 #41

Gox is dieing. Good riddance lol.
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October 20, 2013, 10:04:21 AM
 #42

I think after yesterday's action we can finally relinquish our fears that the order books are going to run out of btc.  Now withdrawal is another issue...



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MAbtc
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October 20, 2013, 11:08:45 PM
 #43

Gox will sell coins it does not have just like it is doing with fiat.

This is one of my fears.... allowing Gox to stretch this whole situation out all that much longer. It's a shame that so many people around here still appear to trade on their platform.  Undecided
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October 20, 2013, 11:20:03 PM
 #44

I dont know if it is even possible for MtGox to be out of Bitcoins for BTC withdrawals! After all, all bitcoins listed were once deposited at MtGox and no Bitcoin seizure happened.
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October 21, 2013, 02:05:50 AM
 #45

2 months to withdraw cash from Gox? Proof or it didn't happened!

GOX says they have backlog but only 2-3 weeks.


I have been waiting at least 6 weeks now as well!
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October 21, 2013, 03:46:23 AM
 #46

I dont know if it is even possible for MtGox to be out of Bitcoins for BTC withdrawals! After all, all bitcoins listed were once deposited at MtGox and no Bitcoin seizure happened.

who knows maybe they accidently lost a wallet file... just the other day i figured out the passphrase to an encrypted wallet i couldnt access for 3 months!



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October 21, 2013, 03:50:36 AM
 #47

this is the far more likely scenario

some of those gox dollars right now are imaginary dollars since the US govt and i think according to the lawsuit CoinLab is holding millions of people's deposits...  so... something like 5 or 10 million... someone remind me the # please.

let's say the price goes to $500/btc on gox...

you and 99 other bagholders sell $100000 of btc for an imaginary $100000 each... $10m that is not in gox accounts, that is a fact

now how exactly do you plan on getting your money from Homeland Security and CoinLab?  

Mtgox could file for bankruptcy protection in Japan, who even knows what that would mean... it could take years of legal wrangling before you see a dime!  

Meanwhile btc will go up.

Don't get me wrong I like using gox and have used it in the past but numbers don't lie...

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