(Poll) Will BTC break 266 on MtGox ?

[evolve]

The poll says it all.

[evolve]

Pretty negative sentiment so far....Feel free to post your price predictions here too.

[Taras]

Gox isn't below $266 for one reason: it's users think they can get their coins or fiat back someday. I don't think it will happen, but it might. Eventually yes people will realize it won't and give their money back, and possibly create sell orders at 0.01, although since I'm clueless in particular I'll vote ice cream.

[njcarlos]

No, I can't see it happening. Calling $300 bottom, +-$25

[Dalmar]

If their insolvency is proven, why not? But only if it is.

[njcarlos]

I can't fathom how they'd be insolvent. They banked so hard they'd have to be run by literally the dumbest people on Earth to have burned through all their revenue.

[Dalmar]

I can't fathom how they'd be insolvent. They banked so hard they'd have to be run by literally the dumbest people on Earth to have burned through all their revenue.

Fractional reserve goxing only works when few people want to withdraw, but not when a bank run happens.

[njcarlos]

Do you know how much they were taking in?

[Ibian]

I can't fathom how they'd be insolvent. They banked so hard they'd have to be run by literally the dumbest people on Earth to have burned through all their revenue.

They don't have to be to claim that they are. Classic ploy, run off with the money and play dumb about your business practices.

[Einewton]

I don't think it'll break 400.. (i.e $399)

[njcarlos]

They don't have to be to claim that they are. Classic ploy, run off with the money and play dumb about your business practices.

They'll make more by not doing that. And, likely, they'll be able to walk down the street without wondering which stranger they pass will be the one to send them to their maker.

[Ibian]

They don't have to be to claim that they are. Classic ploy, run off with the money and play dumb about your business practices.

They'll make more by not doing that. And, likely, they'll be able to walk down the street without wondering which stranger they pass will be the one to send them to their maker.

Don't underestimate the power of greed. There is  a reason it is one of the deadly sins. (the reason is that people will fucking kill you over it)

[evolve]

Bump

[theonewhowaskazu]

If Gox never opens withdraws for BTC, then it doesn't matter what the BTC price is there, lol. So yes, in such a scenario it could go below $266 because there's no reason why it couldn't.

[fonzie]

Prepare for sub 100$

[Xer0]

mhhh Icecream *drool

[gentlemand]

I like ice cream and I think going below $266 could be a piece of piss.

Whether the rest of the world decides the market has detached from Gox is much more important and something I don't have a clue about.

[serje]

I don't think it'll break 400.. (i.e $399)

say that again!

Last:$378.00000
High:$549.00000
Low:$378.00000
Vol:33636 BTC
W.Avg:$472.20241

[boumalo]

I don't think it'll break 400.. (i.e $399)

say that again!

Last:$378.00000
High:$549.00000
Low:$378.00000
Vol:33636 BTC
W.Avg:$472.20241

It is plunging right now : 365$, we are close to a free fall, the sentiment is extremely negative, all the traders are selling, all the bitcoin holders that were having doubts are selling or have already sold but let's remember that a lot of traders that are now in fiat or mostly in fiat will buy back, the short sellers have to buy back and there will be a lot of support at lower prices, starting with me

[hyphymikey]

Mt. Gox is a whale in its own ocean. It will not let itself go lower than that. They will close before they let their fee income become worthless lol.