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Question: What happens when MtGox resumes BTC withdrawals?
The prices at MtGox and other exchanges will converge towards one another and meet somewhere in the middle.
This won't happen. MtGox will go bancrupt.
Everybody withdraws their BTC from MtGox and sells it on other exchanges, so the price elsewhere will plummet down to the MtGox price.
The BTC price on MtGox will shoot up to the price on other exchanges.

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Author Topic: What happens when MtGox resumes BTC withdrawals?  (Read 2734 times)
caspar.holzinger
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February 20, 2014, 04:45:51 PM
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I think many of you are curious about the outcome at MtGox. I, for my part, am very curious. Let's see what the majority guesses.
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OlliBrandt80
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February 20, 2014, 05:17:29 PM
 #2

That doesn't connest to the topic but I wonder how did you do the poll here?

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February 20, 2014, 05:21:38 PM
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That doesn't connest to the topic but I wonder how did you do the poll here?

Next to the 'Start new topic' link at the top of a board is a 'start new poll link'.

MtGox has lost all credibility. As soon as they allow transfer of bitcoins off their site all the people who bought cheap there will take delivery of their bitcoins, and the price will rise above the rate at other places as people scramble to get some of their money away from MtGox. Fiat withdrawals are still hard, so I expect the price to resume its 30% above the rate at other places.

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CompNsci
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February 20, 2014, 05:58:21 PM
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That doesn't connest to the topic but I wonder how did you do the poll here?

Next to the 'Start new topic' link at the top of a board is a 'start new poll link'.

MtGox has lost all credibility. As soon as they allow transfer of bitcoins off their site all the people who bought cheap there will take delivery of their bitcoins, and the price will rise above the rate at other places as people scramble to get some of their money away from MtGox. Fiat withdrawals are still hard, so I expect the price to resume its 30% above the rate at other places.

I concur. I think the differential will reverse, perhaps at an even higher rate. People will be more anxious than before to move funds out of Gox.
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February 20, 2014, 06:11:48 PM
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People will withdraw btc and sell some on other exchange, and others will wire in fiat and buy cheap btc in Mt Gox, price should meet somewhere in the middle
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February 20, 2014, 06:31:19 PM
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Judging from the btc price at mtGox right now, they will most likely go out of business even if they manage to resolve the withdraw issue.

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February 20, 2014, 08:11:55 PM
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Don't think they are coming back, they move from their location to a new place.  to a HOTEL, yes hotel.

https://bitcointalk.org/index.php?topic=476380.0

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Peter Lambert
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February 20, 2014, 08:46:07 PM
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Don't think they are coming back, they more from their location to a new place.  to a HOTEL, yes hotel.

https://bitcointalk.org/index.php?topic=476380.0

In many places, a building can contain a hotel and offices. GM world headquarters are in the same building as a Marriott hotel.

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CrashX
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February 20, 2014, 08:57:23 PM
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Don't think they are coming back, they more from their location to a new place.  to a HOTEL, yes hotel.

https://bitcointalk.org/index.php?topic=476380.0

In many places, a building can contain a hotel and offices. GM world headquarters are in the same building as a Marriott hotel.

True,  but you find it strange they decided to move  in  a  time it very important for the community and crypto?

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Peter Lambert
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February 20, 2014, 08:58:12 PM
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Don't think they are coming back, they more from their location to a new place.  to a HOTEL, yes hotel.

https://bitcointalk.org/index.php?topic=476380.0

In many places, a building can contain a hotel and offices. GM world headquarters are in the same building as a Marriott hotel.

True,  but you find it strange they decided to move  in  a  time it very important for the community and crypto?

What makes this time so important to the community?

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elianite
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February 21, 2014, 08:43:04 AM
 #11

I dont see much hope. I think it will go bankrupt unfortunately. Goodbye to my 1mBTC I have with Gox

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February 21, 2014, 08:50:59 AM
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I don't think we will ever find out. There goes my BTC.  Cry

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February 21, 2014, 10:37:32 AM
 #13

Only two weeks
tanil
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February 21, 2014, 10:52:40 AM
 #14

Just Hold on Guys !

MtGox is changing and improving their services. I can see and realize all improvements !

They have billion customers in all around the world. Why don't you look possitive ?

Let's send money to mtgox and buy cheap BTC ! I did it !
caspar.holzinger
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February 21, 2014, 11:25:43 AM
 #15

Just Hold on Guys !

MtGox is changing and improving their services. I can see and realize all improvements !

They have billion customers in all around the world. Why don't you look possitive ?

Let's send money to mtgox and buy cheap BTC ! I did it !


Man, keep quiet. Don't tell everybody. Keep the price as low for us as possible. Wink
tanil
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February 21, 2014, 01:59:46 PM
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Just Hold on Guys !

MtGox is changing and improving their services. I can see and realize all improvements !

They have billion customers in all around the world. Why don't you look possitive ?

Let's send money to mtgox and buy cheap BTC ! I did it !


Man, keep quiet. Don't tell everybody. Keep the price as low for us as possible. Wink

I have sent to Money with  MtGox EURO Bank Transfer  method. I hope it will recived. Did you do same thing ?
scosa
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February 21, 2014, 03:38:23 PM
 #17

Just Hold on Guys !

MtGox is changing and improving their services. I can see and realize all improvements !

They have billion customers in all around the world. Why don't you look possitive ?

Let's send money to mtgox and buy cheap BTC ! I did it !



If there where a billion users, the price of bitcoin Would be much higher.................

😁
Squeaker
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February 22, 2014, 11:10:17 AM
 #18

Just Hold on Guys !

MtGox is changing and improving their services. I can see and realize all improvements !

They have billion customers in all around the world. Why don't you look possitive ?

Let's send money to mtgox and buy cheap BTC ! I did it !



If there where a billion users, the price of bitcoin Would be much higher.................

😁
not to mention how huge the unconfirmed transaction queue would be right now...

=squeak=

bittyweb
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February 22, 2014, 12:12:36 PM
 #19

I don't think mtgox has chances to come back, even if they come back, people would not use them, just because of the news they have created.
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February 23, 2014, 07:24:12 AM
 #20


BTC prices fall because of problems mtgox, I hope the price of BTC could be rising again. Currently BTC is a condition in which the price is very severe.

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