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Author Topic: If gox dies, we will be low for some time  (Read 939 times)
thedarksun (OP)
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February 15, 2014, 03:08:59 PM
 #1

We will be low until people start buying in on bitcoins agian. maybe at summer or christmas.
If gox somehow fixes their problems then we will still go low. why? because there are a ton of ppl that have wanted to withdraw for months so even if they lose out on cash they will mass withdraw and crash the price and we have the same outcome as if gox would die.
fonzie
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February 15, 2014, 03:11:04 PM
 #2

I agree it´s a win-win situation for bears. Whatever Gox will do next, fix it´s problems, declare insolvency or beeing robbed, delaying their problem fixing.
It will go down anywy.

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
Holliday
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February 15, 2014, 03:34:45 PM
 #3

Gox is cancer. Removing cancer is a good thing.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
cryptoanarchist
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February 15, 2014, 03:37:50 PM
 #4

Gox is cancer. Removing cancer is a good thing.

+1

The quicker Gox dies off the better.

I'm grumpy!!
gizmoh
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February 15, 2014, 06:17:53 PM
 #5

Gox is cancer. Removing cancer is a good thing.

And with it, destroy over $50 million from btc economy.. Great deal!

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
pietje
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February 15, 2014, 06:23:09 PM
 #6

Gox is cancer. Removing cancer is a good thing.

+1

The quicker Gox dies off the better.

I totally agree. If this gox shit continues for a few years longer it would be way worse for bitcoin
Nagle
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February 15, 2014, 06:37:22 PM
 #7

We will be low until people start buying in on bitcoins agian. maybe at summer or christmas.
If gox somehow fixes their problems then we will still go low. why? because there are a ton of ppl that have wanted to withdraw for months so even if they lose out on cash they will mass withdraw and crash the price and we have the same outcome as if gox would die.
Probably not. Gox seems to have little effect on the rest of the market now. Look at prices for the last two weeks. Bitstamp, etc. holding in the $600-$700 range.  Mt. Gox dropping from the $900s to the $300s.

Mt. Gox just isn't connected to anything. You can't get either fiat or Bitcoins out reliably.  They just don't matter any more, except to people with assets on deposit with them.
infofront
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February 15, 2014, 06:40:37 PM
 #8

Gox is cancer. Removing cancer is a good thing.

And with it, destroy over $50 million from btc economy.. Great deal!

That $50 million won't be destroyed.
Nancarrow
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February 15, 2014, 07:15:04 PM
 #9

Gox is cancer. Removing cancer is a good thing.

And with it, destroy over $50 million from btc economy.. Great deal!

Chemotherapy isn't painless.

If I've said anything amusing and/or informative and you're feeling generous:
1GNJq39NYtf7cn2QFZZuP5vmC1mTs63rEW
JustAnotherSheep
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February 15, 2014, 07:20:42 PM
 #10

Chemotherapy isn't painless.
It also has a tendency for causing death.

Is it a bull? Is it a bear? No, it's just another sheep.
Holliday
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February 15, 2014, 07:21:54 PM
 #11

Chemotherapy isn't painless.
It also has a tendency for causing death.

Bitcoin is anti-fragile.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
fonzie
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February 15, 2014, 07:24:30 PM
 #12


Holliday. Honest question, have you sold some of your BTC? You seem a bit bearish in some of your posts in the last day, or at least less aggressive when it comes to bearish posts?

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
JustAnotherSheep
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February 15, 2014, 07:31:50 PM
 #13

Bitcoin is anti-fragile.
Maybe this is the time to note my post was intended to be a joke Cheesy

Is it a bull? Is it a bear? No, it's just another sheep.
Holliday
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February 15, 2014, 07:34:38 PM
 #14

Bitcoin is anti-fragile.
Maybe this is the time to note my post was intended to be a joke Cheesy

Meh, my response is valid either way. Smiley

If you aren't the sole controller of your private keys, you don't have any bitcoins.
superduh
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February 15, 2014, 08:38:51 PM
 #15

We will be low until people start buying in on bitcoins agian. maybe at summer or christmas.
If gox somehow fixes their problems then we will still go low. why? because there are a ton of ppl that have wanted to withdraw for months so even if they lose out on cash they will mass withdraw and crash the price and we have the same outcome as if gox would die.


mass withdraw = selling coins? i don't think you understand the basics of what you are even saying. it's like pointing to a fire and calling it snow.

ok
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