Bitcoin Forum
May 20, 2022, 11:09:22 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: MtGox - Effect on Bitcoin Prices  (Read 1162 times)
SeeBettor
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
February 09, 2014, 08:43:47 PM
 #1

MtGox Home Page

SECURE
MtGox is protected by Akamai and all communications with our servers are encrypted with SSL technology.

RELIABLE
We're always on. Buy and sell Bitcoin 24/7/365 with the world's most sophisticated trading platform.

EASY
Buying and selling Bitcoin doesn't have to be complicated! Get trading in a few simple steps.

GLOBAL
The only multi-currency Bitcoin trading platform where you can trade with the entire world in your local currency.


There's so much wrong with, at least, 3 out of 4 of those!


Ok, serious question though:
So, I'm all on-board with the notion that our future world involves cryptobuckaroos, and that Bitcoin has at least some chance at becoming more widely adopted by Joe Smartphone the Amazon shopper. I do plan to HODL long-term. But do you make any short-term moves out-n-back-in?

Is there any news that will come from MtGox today(Monday) that will not have a negative further impact on BTC prices? If they are in serious trouble and people get truly goxxed out of $40M, well that's obviously not stellar press for Bitcoin. If they do resolve things and people can get their money out, well aren't they going to do just that, and get their money out? Won't this be a 'bank run' of sorts that I hear others talking about? If they have been operating anything like fractional reserve banking, well...

Aside from sympathising with anyone who has money currently tied-up in Gox, what would be the right strategy for others with a few Bitcoins (not tied up)? Nobody really knows for sure, of course. I'm just interested in hearing your thoughts.
1653044962
Hero Member
*
Offline Offline

Posts: 1653044962

View Profile Personal Message (Offline)

Ignore
1653044962
Reply with quote  #2

1653044962
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1653044962
Hero Member
*
Offline Offline

Posts: 1653044962

View Profile Personal Message (Offline)

Ignore
1653044962
Reply with quote  #2

1653044962
Report to moderator
1653044962
Hero Member
*
Offline Offline

Posts: 1653044962

View Profile Personal Message (Offline)

Ignore
1653044962
Reply with quote  #2

1653044962
Report to moderator
anonuser777
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
February 09, 2014, 09:55:51 PM
 #2

Secure, lol. Like the time everyones passwords were stolen and they had to reset them...
roslinpl
Legendary
*
Offline Offline

Activity: 2072
Merit: 1193


https://cryptocoinsinfo.net


View Profile WWW
February 09, 2014, 10:11:43 PM
 #3

Secure, lol. Like the time everyones passwords were stolen and they had to reset them...

You can never say for sure that something is realy secure.
Always you can find a way to make it no secure Smiley

But - it is not about being 1000% secure (it is not possible) it is about being honest and pay for your mistakes.

Once vircurex was robed. But they give back everything to their users.
So - you cant be 100% secure

.
.1xBit.com.
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
!
GigaCoin
Sr. Member
****
Offline Offline

Activity: 308
Merit: 251


Giga


View Profile
February 09, 2014, 11:28:46 PM
 #4

its 8.30AM now in Japan, they just walked in the offices, someone check if mtgox withdrawals work.

GO GO GO

leannemckim46
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
February 10, 2014, 01:08:43 AM
 #5

Anybody flying down to Japan?

██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
██████████████████████
RISE
roslinpl
Legendary
*
Offline Offline

Activity: 2072
Merit: 1193


https://cryptocoinsinfo.net


View Profile WWW
February 10, 2014, 01:26:02 AM
 #6

its 8.30AM now in Japan, they just walked in the offices, someone check if mtgox withdrawals work.

GO GO GO

As we can read in their announcment:
2014-02-10    they will tell us what is going to be next - do they need more time to run withdraws again or no.
So maybe it is just littlebit to early to check it out...


I am sure MtGox has a lot of pressure on their backs so I like to think that they will do as much as they can.

Just relax a bit.

.
.1xBit.com.
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!