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bjalbert (OP)
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February 25, 2014, 04:42:28 AM |
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pleiotropik
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February 25, 2014, 04:44:15 AM |
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I am Jack's complete lack of surprise.
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hellscabane
Legendary
 Offline
Activity: 896
Merit: 1000
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February 25, 2014, 04:59:50 AM |
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We should all be dancing because it's (almost?) dead. But we should do so in somber and subdued funeral garb because it could be the end of many people's money and future forays into the realm of BTC.
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joeventura
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February 25, 2014, 05:19:33 AM |
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MtGox paid a fortune today for the domain name GOX.com
How do you take a site that is so screwed up and get it up on new code?
Throw everyone off and fire it back up under a new domain with new code???
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DrHerbSmoker
Newbie
Offline
Activity: 42
Merit: 0
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February 25, 2014, 05:31:38 AM |
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this is the worst thing to happen to bitcoin this year
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ISAWHIM
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February 25, 2014, 05:35:35 AM |
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Gox is dead! OMG... What do!
I have all my LTC there!
Oh, wait.. you said Gox... I got scared there for a minute...
Should I pull-out now? Bring the BTC I just paid $100 for, to your exchange, and cash-out there, for $1200...
Oh sorry... $945
Oh wait... $600
Um... $475
Damn... I better hurry, before your exchange is down to the $100 I paid for my new coins.
Oh, maybe I'll just wait until the website comes back online, and buy the remaining coins, then move them to your exchange, and catch that 400% mark-up... Since you guys are sooo flooded with abundant money, and everyone is sooo eager to buy your coins there. Then, when you fall to $100, I buy them all back, and move them back to Gox, who should be about $300-$500 by that time, and sell them again!
And how much money is flowing into the other exchanges? I am sure everyone with money is eager to fill those exchanges with funds, so they can buy coins at 5x gox-price. You know... because everyone likes to pay more, to get less.
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ISAWHIM
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February 25, 2014, 05:39:48 AM |
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How is this for FUD... When gox comes back online... Withdraws will work... Hope you sold your coins high on your exchange, before the withdraws start rolling out of gox! I plan to catch more low coins on gox, since I am sure the panic will drive it to even lower lows too... Might get a few thousand BTC at $10... or a couple hundred thousand if it hits $1... Then visit your exchange.  |
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5thStreetResearch
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February 25, 2014, 05:42:49 AM |
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Mt Gox was a cancer it needed to die off for Bitcoin to move forward
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bananas
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February 25, 2014, 05:43:31 AM |
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Mark is really a SCAMMER. He was accepting fiat funds thru' some methods until today! I almost sent 3 thousands USD a few days ago when i was not aware of his "confidential solvency".
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DanielVG
Sr. Member
Offline
Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
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February 25, 2014, 05:45:56 AM |
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Gox threads poppin up like mushrooms lately. They should get their own board.
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ISAWHIM
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February 25, 2014, 05:46:59 AM |
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Mark is really a SCAMMER. He was accepting fiat funds thru' some methods until today! I almost sent 3 thousands USD a few days ago when i was not aware of his "confidential solvency".
And the solvency of the other exchanges... You are confident in? Based on... Hope... I forgot, all other exchanges openly show audit reports, and proof of holdings... Let me get those links... (Pending links) Bitstamp (Pending links) BTCe (Pending links) Huobi Hmmm.. seems they all have "confidential solvency". Now what? |
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bananas
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February 25, 2014, 05:59:59 AM |
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Mark is really a SCAMMER. He was accepting fiat funds thru' some methods until today! I almost sent 3 thousands USD a few days ago when i was not aware of his "confidential solvency".
And the solvency of the other exchanges... You are confident in? Based on... Hope... I forgot, all other exchanges openly show audit reports, and proof of holdings... Let me get those links... (Pending links) Bitstamp (Pending links) BTCe (Pending links) Huobi Hmmm.. seems they all have "confidential solvency". Now what? I won't discuss that, the point is he knew the company was over and non operational but kept getting people's money. |
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ISAWHIM
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February 25, 2014, 06:06:32 AM |
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If he kept getting money... then he is not insolvent... Because he has money...
Not sure if you know this or not... but... um... "Gox isn't actually dead"...
Just the fact that you believe that, is proof of your lack of understanding of the situation.
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bananas
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February 25, 2014, 06:10:21 AM |
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If he kept getting money... then he is not insolvent... Because he has money...
Are you ignorant or a troll? Maybe both? |
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Axion_Zen
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February 25, 2014, 06:17:53 AM |
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I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
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5thStreetResearch
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February 25, 2014, 06:46:13 AM |
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I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason. |
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Minor Miner
Legendary
Offline
Activity: 2282
Merit: 1012
Be A Digital Miner
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February 25, 2014, 06:54:37 AM |
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I don't understand point in shutting down..if they were in massive debt the only way out would be to keep the exchange running ..raise fees and set daily limits for withdraws..shutting down is not going to make them any money unless of course they took everyone's money and ran. Media is goin nuts with this even with no real source or statement from mtgox.. they can put a 25% withdraw fee and everyone will still get out of there and they would make a killing.
They have about $32,000,000 in assets and $120,000,000 in liabilities at the moment. Bankruptcy exists for a reason. Assets are things a business OWNS. Do you understand this simple balance sheet fact? Assets are NOT the money held for customers in what are supposed to be SEGREGATED Accounts. You really need to understand some basic principals of business or else you are going to be confused as to why these people will go to prison. |
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newguy05
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February 25, 2014, 07:08:00 AM |
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this is the worst thing to happen to bitcoin this year
this is the best thing that could happen to bitcoin this year. mtgox and mark karpeles have caused more damage to bitcoin - both in term of reputation and price than any other company, person, or event in the history of bitcoins. This is the final chapter to close the book on this criminal and shady outfit, it is a cancer that must be removed for bitcoin to continue its healthy progress forward. Short term pain from all the panic mainstream investors who have no idea what's going on, long term this is not material. The network is fine, every other exchange is fine, remain calm and it will be alright.  |
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minime
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February 25, 2014, 07:09:42 AM |
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first ever financial crisis in the btc world???
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