Bitcoin Forum
May 20, 2024, 11:36:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: So what to stop MarKKarples from withdrawing btc from gox and arbing it?  (Read 1013 times)
jubalix (OP)
Legendary
*
Offline Offline

Activity: 2618
Merit: 1022


View Profile WWW
February 16, 2014, 01:00:59 PM
Last edit: February 16, 2014, 01:19:10 PM by jubalix
 #1

this has to be happening right?

essentially if there are btc left at gox, he can arby the f,,,,k out of it now.


thus bringing the market down agian.

also if btc there does go to $1 at gox do you just go and buy for the hell of it just in case



Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
GreenDude
Hero Member
*****
Offline Offline

Activity: 531
Merit: 500


View Profile
February 16, 2014, 01:09:00 PM
 #2

That would be right.. but u miss something.. after withdrawals are allowed mtgox will go up to bitstamp levels really fast.. no time for arbitrage is gonna be left.. and those who try will lose money.. because u cant transfer money out and in inmediatly. It takes a few days... ^^
Pockets
Newbie
*
Offline Offline

Activity: 41
Merit: 0


View Profile
February 16, 2014, 01:21:46 PM
 #3

Not if MK is the only one able to withdraw
GreenDude
Hero Member
*****
Offline Offline

Activity: 531
Merit: 500


View Profile
February 16, 2014, 01:31:00 PM
 #4

That is a really stupid paranoid thought dude.. U are thinking like a fish.. He doesn't need to do that to earn money or whatever.. And even if mtgox lost btc he has thousand and weekly is earning Millions.. he can cover if he loses some btc.. which i think he didnt.. and going to sell "his" to bitstamp would be same than giving trading commisions to bitstamp.. This is by far the most stupid thought i've heard man.. And u should re-read the "arbitrage" concept.
MatTheCat
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000


View Profile
February 16, 2014, 01:38:52 PM
 #5

And gullible idiot of the month award goes to.....

That is a really stupid paranoid thought dude.. U are thinking like a fish.. He doesn't need to do that to earn money or whatever.. And even if mtgox lost btc he has thousand and weekly is earning Millions.. he can cover if he loses some btc.. which i think he didnt.. and going to sell "his" to bitstamp would be same than giving trading commisions to bitstamp.. This is by far the most stupid thought i've heard man.. And u should re-read the "arbitrage" concept.

JEEEEZUSSSSSS Greendude! Are you really this dumb? Are there many more like you?

No wonder the world is in the mess it is in.  Roll Eyes  Roll Eyes



this has to be happening right?

essentially if there are btc left at gox, he can arby the f,,,,k out of it now.

thus bringing the market down agian.

also if btc there does go to $1 at gox do you just go and buy for the hell of it just in case


If Bitcoins were indeed stolen from Gox (probably from Karpeles himself), then Gox crashing it's own exchange rate, buying up real Bitcoins and claiming arbitrage on Bitstamp would be the only chance that Gox had of balancing it's books. It is a near certainty in my opinion that this is happening at least to some extent.



Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
jubalix (OP)
Legendary
*
Offline Offline

Activity: 2618
Merit: 1022


View Profile WWW
February 17, 2014, 01:12:01 AM
 #6

That is a really stupid paranoid thought dude.. U are thinking like a fish.. He doesn't need to do that to earn money or whatever.. And even if mtgox lost btc he has thousand and weekly is earning Millions.. he can cover if he loses some btc.. which i think he didnt.. and going to sell "his" to bitstamp would be same than giving trading commisions to bitstamp.. This is by far the most stupid thought i've heard man.. And u should re-read the "arbitrage" concept.

just because some one has money does not stop them from wanting to make more

this would be mark only arbing while holding every ones else BTC and FIAT on his exchange essentially he is leveraging no only their coins, but the fact he has exclusive control over a lot of funds, and the markets attention.

him selling at a higher price and then buying more lower on his own exchange is the very definition of arbitrage.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
February 17, 2014, 01:17:52 AM
 #7

Nothing, he's probably doing that though not on big range yet as gap is too big.

If Gox lost coins due to malleability stuff, it's perfect thing for them to gain those coins again.

       ███████████████▄▄
    ██████████████████████▄
  ██████████████████████████▄
 ███████   ▀████████▀   ████▄
██████████    █▀  ▀    ██████▄
███████████▄▄▀  ██  ▀▄▄████████
███████████          █████████
███████████▀▀▄  ██  ▄▀▀████████
██████████▀   ▀▄  ▄▀   ▀██████▀
 ███████  ▄██▄████▄█▄  █████▀
  ██████████████████████████▀
    ██████████████████████▀
       ███████████████▀▀
.
.Duelbits.
.
..THE MOST REWARDING CASINO......
   ▄▄▄▄████▀███▄▄▄▄▄
▄███▄▀▄██▄   ▄██▄▀▄███▄
████▄█▄███▄█▄███▄█▄████
███████████████████████   ▄██▄
██     ██     ██     ██   ▀██▀
██ ▀▀█ ██ ▀▀█ ██ ▀▀█ ██    ██
██  █  ██  █  ██  █  ██
█▌  ██
██     ██     ██     ████  ██
█████████████████████████  ██
████████████████████████████▀
█████████████████████████
█████████████████████████
████████████████████████▌
       +4,000      
PROVABLY FAIR
GAMES
   $500,000  
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
jamesc760
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
February 17, 2014, 01:20:39 AM
 #8

Yep, Mark is stupid but not THAT stupid. Of course he's arb'ing the f*ck out of everything while he can. He may be slow at software-development but he's not slow at money making opportunity of life-time.

I have never agreed with MTC but this is start. Grin
kireinaha
Sr. Member
****
Offline Offline

Activity: 350
Merit: 253


View Profile
February 17, 2014, 01:47:45 AM
 #9

i agree this is likely happening. those dessert like coffee drinks don't pay for themselves.

Night gathers, and now my bitcoinwisdom watch begins.
smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1473


LEALANA Bitcoin Grim Reaper


View Profile
February 17, 2014, 01:51:21 AM
 #10

Expect more delays and empty promises to come from MTGOX. That is their business.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
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!