Mt Gox is dead.

[Coinchilli]

Mt.Gox is dead.

Even if the “technical issues” that they are supposedly having are resolved, the trust is gone, and that is the most important asset a monetary exchange needs to have to succeed.

Bitcoin is now valued at under $100 USD on the major exchange, far below the average price of about $535 USD on other BTC exchanges. Customers are still unable to withdraw BTC, and technical issues (and the handful of protestors outside the Mt Gox offices) are still being blamed for this problem. Mt Gox of course seem to have neglected to mention exactly how the protesters are affecting their progress, when they themselves have made a statement saying that they’ve moved to their old office location (and the protesters have since been dispersed by the Japanese police and refused a demonstration licence).

So it seems that Mt Gox have locked themselves away, refusing interview requests, and maintaining arbitrary contact with the outside world through detached twitter posts, apologising to their ‘Valued customers’...

Pay your disrespects to the recently departed Mt Gox at: http://www.coinchilli.com/r-i-p_mt_gox/



J.C Axe

[Herlz]

That information is outdated

the price is raising from 100usd to 322usd. THATS REALITY

On 21-22 February reach that 100usd, the whole disaster served with all ingridients: price pluming, extremely bad news, investors complaining....

the equivalent to: when there's blood on the street, buy in the market.

TO be honest, I don't know what will happen, I'm just a follower trender, and the trend now is up more than 200%.

In bitcoinbuilder, the only known way to get your goxbtc out from the exchange, the ratio is 0.57 realbtc/gox btc.  whereas the real ratio is around 0.51 between real btc/gox. this means that the market is paying extra to get gox btc. The bullish might fail or not, but they are assuming the risk towards the GAIN.

and that's what it is playing right now, expectations of GAIN.

[Luno]

Gox not dead, here's a vid from a board meeting yesterday.
http://www.youtube.com/watch?v=CJb02-sn4dQ

[Bit_Happy]

Gox will still be a top 5 exchange, Long live the Gox!   

Gox not dead, here's a vid from a board meeting yesterday.
http://www.youtube.com/watch?v=CJb02-sn4dQ

a board?
Waterboard?

[Luno]

Gox will still be a top 5 exchange, Long live the Gox!   

Gox not dead, here's a vid from a board meeting yesterday.
http://www.youtube.com/watch?v=CJb02-sn4dQ

a board?
Waterboard?

U have to watch the vid to get the joke

[BCB]

FUCKING HILARIOUS!

I'm sorry but I'm going to have to repost this!

[keithers]

Gox is far from dead. Even if its going under in the long term, there is still a long way to go. The volume is the heaviest there right now, despite it primarily being based on btc just changing hands between gox users

[Dosmas]

maybe

[CrashX]

LOL...   True video of MT. GOX board meting.

[StarfishPrime]

However this current (mostly manufactured) 'crisis' plays out, it's clear that mtgox's potential to profit from it has been huge. It's highly unlikely that they have not leveraged the situation to their financial advantage somehow.

What's almost certain however is that any funds they have left, even after this latest in a string of ongoing fiascos, will never cover the existing and upcoming lawsuits to be filed against them.

MtGox is dead, whether they know it or not. They can never rebuild the confidence they've lost at this point.

[st4nl3y]

Gox not dead, here's a vid from a board meeting yesterday.
http://www.youtube.com/watch?v=CJb02-sn4dQ

OMG i couldn't stop laughing, this is great!! 10 out of 10

[Bit_Happy]

Gox will still be a top 5 exchange, Long live the Gox!   

Gox not dead, here's a vid from a board meeting yesterday.
http://www.youtube.com/watch?v=CJb02-sn4dQ

a board?
Waterboard?

U have to watch the vid to get the joke

That was really funny, thanks. 

[sharpshooter]

Gox not dead, here's a vid from a board meeting yesterday.
http://www.youtube.com/watch?v=CJb02-sn4dQ

LOL! I'm pretty sure that's how EVERY GOX board meeting went!

[mkendall82]

MtGox is not dead but they are close to eat if they won't do anything

[bittyweb]

Yesterday it was like around $348 and today dropped again to less than $150.

What's going on with mtgox?

[Wedel]

It is not dead, yet.

[bomb7]

Yesterday it was like around $348 and today dropped again to less than $150.

What's going on with mtgox?

Traders who aren`t scared are making money by buying low and selling high. I only had 1 bitcoin in mtgox a few days ago - now I have 6.5, just selling that one bitcoin on highs and buying back on lows.

[PuertoLibre]

Yesterday it was like around $348 and today dropped again to less than $150.

What's going on with mtgox?

Traders who aren`t scared are making money by buying low and selling high. I only had 1 bitcoin in mtgox a few days ago - now I have 6.5, just selling that one bitcoin on highs and buying back on lows.

Walla, now you have nothing!

http://www.coindesk.com/mt-gox-loses-340-million-bitcoin-rumoured-insolvent/

[PuertoLibre]

And in case you don't understand...yes, you were trading with non-existent and fake virtual bitcoins ?tokens?. They were never really on the exchange...apparently.

[ici_lemmy]

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