MTGOX is at $124 BTC. Is this an incredible opportunity, or should we stay away?

[dannymack]

It's taking everything I got to not buy 100 btc at mtgox with the price at only $125.
Right now, you cannot withdraw btc and only exchange it for currency and withdraw currency.

I guess my question is - How much do you believe the ability to withdraw BTC will change?
Or will they just go bankrupt?

[poikkeus]

I believe 84,9353 %. And because of that I sent a SEPA deposit at monday and bought some coins at wednesday  

[h3rlihy]

I'll sell you a bitcoin for fifty quid. Just send me cash. More likely to pay out than gox.

This is a joke, don't send me any money

[cscott]

You can trade GOX for "real" BTC at https://bitcoinbuilder.com/
The current exchange rate is about 0.4 BTC for a GOX BTC.
Much easier than trying to open a new GOX account and transfer fiat in, if you want to bet on GOX recovering.  And a pretty good price to get your GOX out, if you think GOX is dead.

[markjamrobin]

You can trade GOX for "real" BTC at https://bitcoinbuilder.com/
The current exchange rate is about 0.4 BTC for a GOX BTC.
Much easier than trying to open a new GOX account and transfer fiat in, if you want to bet on GOX recovering.  And a pretty good price to get your GOX out, if you think GOX is dead.

For .4 BTC, you are better off putting Fiat in.

[Revelations86]

probably best to stay away unless you have money you're willing to mentally consider lost.   Common sense and past history indicates that something screwy is going to happen.  People thought it was a great arbitrage opportunity when gox price was higher than the other exchanges only to find out that when they sold the bitcoins they transferred in, they couldn't get their actual money out for a very long time. 

[TrailingComet]

Very risky but could be a great punt

[CrashX]

DONT INVEST INTO GOX. UNLESS.

If you have some FIAT or Crypto laying around, and DONT MIND LOOSING it, its could be a great Opportunity as a HIGH RISK Asset.

I my self, Im trying to invest 1500 USD or around 15BTC,  I don't mind or care it get lost.


SO BE CAREFUL

[Putera]

Can my unverified account still trading BTC on Gox or transfer/receive from other member??

Thanks

[BitcoinNational]

oh jesubuss

a- Tell a lie BIG and bold and people will believe it.

b- Greed will get you con'd every time.

c- if it's too good to be true then it's pro-bally mark the karp

need more?

the mensa mad genuis has CONNED the whole btc community
gox is a fox ... you are a chicken
gox is a wolf ... you are a lamb


Gox = ENRON = LeamanBros = a Nigerian prince with $millions to give you just send him about a $150

[markjamrobin]

Can my unverified account still trading BTC on Gox or transfer/receive from other member??

Thanks

Yes, if you want to. That is how Bitcoin Builder works.

[tskweres]

You can't get your money out so it doesn't matter what the price is, they'll be trading for $1 soon

CoinMKT hasn't held up withdrawals at all, take your trading there

[smoothie]

Stay away. Price there is not representative of an actual freely traded market for Bitcoin.

Locked withdrawals have cause this.

[UltraPleb]

Deal with caution, wouldn't recommend you put anything into it. Dying.

[Bit_Happy]

Gox is now up ~300% above the low!
It's a great day to get Goxed.   

[bomb7]

I bought some when it hit $100. But I am mentally prepared to lose it all. That`s a risk I`m willing to take, because the potential upside is so good.

But I have no illusions about the risk.

[netbin]

The low BTC price at mtgx is very misleading unless you read into why they're selling BTC so low, because there are hassles and risks involved if you buy it from them.

For investment purposes, can you predict that and when Bitcoin will start rising towards and above its 2013 high value and continue in that direction. Such as because of an increasing need for its use and popularity amongst people from all countries.

[greenalliancegroup]

Gox is done for. Unless Gox has 30k of BTC in cold storage somewhere. It's done for. Just look at the news what Gox has been through. From lawsuits to government seizures.

If CEO of Gox actually reinvested in Gox. He would not be in this position. He would of probably made more BTC over the long run. The fact that 5 million worth of BTC or more got confiscated last year is big concern. I would never trust a pokemon like karpeles with my BTCs ever.

A good lesson is never keep BTCs at exchanges unless your trading them out that day and particular time.

There are two ways you can look at Gox.

Gox is trying recoup the loss BTC/funds from others selling there BTCs at ridiculously low prices

or

Gox is getting as many people to invest until it pulls a sheep marketplace strategy. Where it shuts down completely and runs away with the money.

If Gox ever did option two, I hope that every person from every continent find him and sues him. So his only option would be Antarctica.

[greenalliancegroup]

I also forgot to add. Gox would of probably made so much in the long run. If it reinvested it BTC earnings and hired real programmers, attorneys to get MSB license and actually reinvested in there infrastructure.

What ticks me off the most about Karpeles is he had the balls to go Forbes and spew a bunch nonsense. ALSO HAD TIME TO DO THAT WHILE HE COULD OF BEEN WORKING GOX TO FIX THE ISSUE. Scare the public about BTCs for his poor infrastructure of an exchange. Then started this whole fiasco.

I seriously also believe if Karapeles had the time to do interview with Forbes instead of actually fixing his exchange. The alarms should be going off. if he was so concern with BITCOIN and his exchange. He would putting in countless hours and updates to users in fixing the exchange. Not strolling into work with a frap in that youtube video. He should be looking like a zombie at that point.

I would not touch Gox with 10,000 foot pole. Unless you have BTCs to burn.

[boumalo]

I bought some when it hit $100. But I am mentally prepared to lose it all. That`s a risk I`m willing to take, because the potential upside is so good.

But I have no illusions about the risk.

If I had some fiat in mtgox I would have buy some as well even if I think mtgox has a huge probability of beeing insolvent, time will tell