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Author Topic: Mt.Gox "finds 200K BTC in old wallets"  (Read 3508 times)
Bonam
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March 21, 2014, 06:11:52 PM
 #21

It is completely not credible that they could simply have forgotten about 200k BTC in an "old wallet". Seriously, they should have come up with a better lie. How could they think anyone would buy that?
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Wilhelm
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March 21, 2014, 08:21:31 PM
 #22

Maybe Mark Kapeles's mom was cleaning and found it behind the cupboard.

200KBTC == $116600000 == $116M YOU DON'T "JUST" LOSE THAT!!!!!

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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March 21, 2014, 10:05:11 PM
 #23

No one will trust Bitcoins any more in terms of business transactions because there is no way to track it. If I had a business, I would simply declare it hacked and walk away with all the Bitcoins in an unknown and untraceable wallet.

Huh?
Mad Scientist
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March 21, 2014, 10:16:18 PM
 #24

It is completely not credible that they could simply have forgotten about 200k BTC in an "old wallet". Seriously, they should have come up with a better lie. How could they think anyone would buy that?
^This^
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March 21, 2014, 10:28:23 PM
 #25

He just forgot that he sent some funds to his android phone for starbucks coffee. last week he remembered the password that he'd forgotten for ages. it was magicaltux.

akujin
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March 21, 2014, 10:57:18 PM
 #26

What if he one day announce that he found all the missing bitcoins? Will he still go to jail?  Grin

BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
traderCJ
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March 21, 2014, 11:15:38 PM
 #27

Scenario 1: Coins get liquidated by Gox to cover corporate fiat obligations.
Scenario 2: Coins eventually make their way back to Gox customers, who immediately dump them.

Outcome in both scenarios, price drop.  The whales see this, and this is why the price has been dropping in advance of the coins actually being sold by either Gox or their customers.  In fact, Gox "losing" the coins saved us from a much, much harder fall.  Now they're "finding" coins, which simply means more uncertainty.
yogi
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March 21, 2014, 11:17:14 PM
 #28

Scenario 2: Coins eventually make their way back to Gox customers, who immediately dump them.

Why would they dump them?

traderCJ
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March 21, 2014, 11:20:28 PM
 #29

Scenario 2: Coins eventually make their way back to Gox customers, who immediately dump them.

Why would they dump them?

Herd mentality.  They expect everyone else to do the same and will try to beat them to the punch.  Will everyone sell?  No, but enough will.  We saw the same hysteria as Gox imploded.
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March 21, 2014, 11:28:18 PM
 #30

Herd mentality. 

Bollocks. 

traderCJ
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March 21, 2014, 11:38:58 PM
 #31

I hope you follow your own advice, I really do.
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March 21, 2014, 11:42:55 PM
 #32

I hope you follow your own advice, I really do.

I haven't given any advice.

I'm a gox creditor and I have no intention of dumping any coins I may get back.

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March 22, 2014, 12:26:49 AM
 #33

...and I make two.

This whole "everyone will dump coins" hypothesis doesn't seem too solid

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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March 22, 2014, 01:30:23 AM
 #34


why bollocks? we are talking about a bunch of speculators here, and some coins that are only worth what the next guy will pay.

why will bitcoin reach $10,000? herd mentality. why? because it will still be speculator driven by $10,000.

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March 22, 2014, 04:41:45 AM
 #35

Oh, wait!

I just remembered I had 2 tons of gold under the bed, yikes!
FastBluff
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March 22, 2014, 05:48:58 AM
Last edit: March 23, 2014, 01:36:15 AM by FastBluff
 #36

Oh, wait!

I just remembered I had 2 tons of gold under the bed, yikes!

Kinda hard to misplace that.. Blind? lol

syber
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March 22, 2014, 12:11:37 PM
 #37

Oh, wait!

I just remembered I had 2 tons of gold under the bed, yikes!

Must be a comfortable nights sleep.

Honestly don't know why this guy is still even alive. Isn't that what the silk road is for?  Grin
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March 23, 2014, 12:49:38 PM
 #38

...and I make two.

This whole "everyone will dump coins" hypothesis doesn't seem too solid

make that three. right now, my coins at gox changed from a short-term speculative coins to a very long-term (possibly infinitely long Wink ) investment. definitely not going to sell anything when (if) something gets paid back, these are considered lost now and will go to long-term cold storage if retrieved.

i am satoshi
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March 23, 2014, 01:19:55 PM
 #39

I haven't seen my wife and kids in years.   This morning I finally found them.  Turns out they have been living with me the whole time.
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March 23, 2014, 09:13:29 PM
 #40

I haven't seen my wife and kids in years.   This morning I finally found them.  Turns out they have been living with me the whole time.

bitcointalk can do that to ya' aye

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
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