Who is still buying GOXBTC on Bitcoinbuilder.com?

[mbrobe]

I am just curious with the recent events how there can still be a market place on bitcoinbuilder.com? Current price is 4% of BTC for GOXBTC.

Are there people who still think they will be able to recover money from MTGOX?

thoughts?

[RenHoek]

Mark Karpeles

[lnternet]

No one can add any more goxBTC, so that supply is very limited, keeping the price artificially high

[Sindelar1938]

A play on bankruptcy recovery values perhaps?

Makes little sense to hold goxbtc though, goxfiat better

[sh484]

is anyone doing gox fiat?

[mbrobe]

Heck of a value play if ask me. I am surprised that it is not closer to zero. People must think that there is some sort of recovery to happen.

[redhawk979]

Literally scams upon scams....

[mbrobe]

You really think it is a scam? From my due diligence it looks pretty legit.

Might not be the most sophisticated but on short notice it is put together pretty well and Josh seems legit.

I am just curious where this market place comes from? MTGOX gone, so GOXBTC to be ever had again , yet folks still seem to be buying them. Yes at an extreme discount but are people hoping that a settlement will ready pay?

At least it is good for folks who might want to recoup losses on GOX

[GambleX]

People who buy GoxBTC now speculate that there are more than 4% of the user-funds left to distribute on average. That is actually not such a bad bet, as most liquidations have a higher quota.

[CrashX]

I was wondering, why will people trade value vs nothing.

Can anyone explain this?

[mbrobe]

I guess just in hopes that there is an actual settlement of some kind that will get you more than 4%. If the previous poster is correct that usual settlement is more than 4% that one could be in for a gain.

I am guessing people will get at least 10% of their GOXBTC back.

[DubFX]

There are few traders still for sure.

[dreamspark]

Theres still money to be made trading the small swings to be fair.

[dddbtc]

I guess just in hopes that there is an actual settlement of some kind that will get you more than 4%. If the previous poster is correct that usual settlement is more than 4% that one could be in for a gain.

I am guessing people will get at least 10% of their GOXBTC back.

You are misunderstanding what he is saying I think.  See the underlined portions of GambleX's quote.

~ $63,000,000 debt
_________________________     =  ~ 12.5% of consumer funds missing
~ $500,000,000 assets




100% - ~12.5% = approximately 87.5% of all the missing money


Now that's if they liquidated the entire company.  In a situation involving half a BTCillion dollars a registered business will not get away paying pennies on the dollar if they have a value close to the amount of money they lost.

People who buy GoxBTC now speculate that there are more than 4% of the user-funds left to distribute on average. That is actually not such a bad bet, as most liquidations have a higher quota.

All this being said, I wouldn't really bet any money at odds less in my favor than that for sure.



Does anyone understand exactly how people are still trading GoxBTC with the exchange shut down?

[T.Stuart]

I guess just in hopes that there is an actual settlement of some kind that will get you more than 4%. If the previous poster is correct that usual settlement is more than 4% that one could be in for a gain.

I am guessing people will get at least 10% of their GOXBTC back.

Better off buying Bitcoin

[jimhsu]

I won't elaborate, but people should consider how long bankruptcy court usually takes (it's all there, google it) and the discounted present value of that "recovery".

On the other hand, the lack of gox coins coming in creates artificial scarcity.