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Author Topic: Market Impact from a MTGox collapse  (Read 2125 times)
spin
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January 17, 2014, 09:04:59 AM
 #21

If its difficult to remove fiat from mt gox.

Can you remove bitcoins from mt gox easily?

Why do people just not remove bitcoins and cash out elsewhere? 

If you have to cash out somewhere else, what is the point of trading in Mt. Gox in the first place?  If you bought on Mt.Gox you typically bought at a premium to other markets and if you cash out elsewhere you are going to lose money.

If you liked this post buy me a beer.  Beers are quite cheap where I live!
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porcupine87
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January 17, 2014, 09:37:11 AM
 #22

If mtgox closes shop and runs Bitcoins are worthless. They may not have the volume anymore but they do have the vast majority of money deposited and despite what market cheerleaders may claim the money available for otc deals isn't anything close to that.

Can you proof that?

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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