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Question: What effect would a MtGox payout have on the market?
up - 62 (45.6%)
down - 35 (25.7%)
sideways - 25 (18.4%)
arrgh! - 14 (10.3%)
Total Voters: 136

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Author Topic: Poll: Market effect of a MtGox payout.  (Read 3291 times)
yogi (OP)
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March 25, 2014, 10:34:34 PM
 #1

Currently, rumours are abound that MtGox has found the missing bitcoins and that depositors will get back their assets. There is some argument as to the effect this will have on the market, so here's a poll to assess the current sentiment.

ChuckBuck
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March 25, 2014, 11:00:28 PM
 #2

I vote positive or up, because why wouldn't it be a good thing to restore 670,000 BTC to it's rightful owners.

Mt. Gox will have it day in court yet, but what about the traders, investors, home owners, early adopters, supporters of Bitcoin that got "Goxxed".

If the coins are returned, I would imagine the majority would continue trading or investing, just not at Gox.

Several will sell off and get out of the Bitcoin game, but a vast majority are in it for the long haul.

CharityAuction
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ColdScam
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March 25, 2014, 11:55:47 PM
 #3

I have to applaud the tenacity of those who seriously think tens (if not hundreds) of thousands of coin traded at ~$100 or sold at marked up rates via a third party website are somehow going to not instantly be sold for five times their purchased or estimated value.
Dangolbery
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March 25, 2014, 11:59:37 PM
 #4

Definitely up.

I'm no more likely to sell my BTC now than i was before Gox stole 'em.
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March 26, 2014, 12:00:39 AM
 #5

Short term down, and then up. The market will be positive if the issue is resolved IMO.
jtsnau
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March 26, 2014, 12:10:52 AM
 #6

All Bitcoin news, good or bad, results in a price dip.
gentlemand
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March 26, 2014, 12:12:13 AM
 #7

I've no idea and I wouldn't give a flying fuck about the short term price if it means thousands upon thousands of people are saved from Bitcoin ruin.
Beta-coiner1
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March 26, 2014, 12:58:24 AM
 #8

I've no idea and I wouldn't give a flying fuck about the short term price if it means thousands upon thousands of people are saved from Bitcoin ruin.
This,and 1/2 billion missing from the btc economy should be frowned upon.

Ibian
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March 26, 2014, 01:03:42 AM
 #9

I just wanna see Karp in jail. This shit should not go unpunished, however it resolves.

Look inside yourself, and you will see that you are the bubble.
knightcoin
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March 26, 2014, 01:46:05 AM
 #10

so basicly the missing coins went to

random oracle
http://en.wikipedia.org/wiki/Random_oracle_model

Curiosity, what kind of currency used in prision btw ?

http://www.introversion.co.uk/
mit/x11 licence 18.x/16|o|3ffe ::71
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March 26, 2014, 03:27:11 AM
 #11

Basic economics, more supply means price goes down. Some of those coins will be sold, which pushes the price down.

All Bitcoin news, good or bad, results in a price dip.

Right? I don't get this community sometimes  Roll Eyes

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March 26, 2014, 06:06:23 AM
 #12

Seems simple enough it's a good thing for long term investors and that is all anybody could ask for or why would they bother investing in the first place.
barbs
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March 26, 2014, 10:12:24 AM
 #13

I just wanna see Karp in jail. This shit should not go unpunished, however it resolves.

agreed
rebuilder
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March 26, 2014, 10:13:40 AM
 #14

Seems to me a payout would increase the odds of Gox rising from the dead to goxx us all again.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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ashapasa
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March 26, 2014, 01:21:28 PM
 #15

glad the victims will get something  Smiley
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March 26, 2014, 01:53:11 PM
 #16

I vote positive or up, because why wouldn't it be a good thing to restore 670,000 BTC to it's rightful owners.

Mt. Gox will have it day in court yet, but what about the traders, investors, home owners, early adopters, supporters of Bitcoin that got "Goxxed".

If the coins are returned, I would imagine the majority would continue trading or investing, just not at Gox.

Several will sell off and get out of the Bitcoin game, but a vast majority are in it for the long haul.

..Which results in the price going down

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Zule
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March 26, 2014, 02:09:24 PM
 #17

Dont underestimate the USD that gox has to return. Portion of that money will be used to buy back coins.
piramida
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March 26, 2014, 02:14:57 PM
 #18

If it ever happens, that would be the first time in history that MtGox has positively affected bitcoin price Smiley So, I don't believe it. Mark will find a way to screw everything up even if he found 10 million coins. And I definitely am not sending a single satoshi to any non-transparent bitcoin service anymore. That is I guess the only positive thing from all of this - services would be held to a much, much higher scrutiny level now. Amateur hour is over.

i am satoshi
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March 26, 2014, 02:27:34 PM
 #19

If a payout does occur, I envision a fun battle to balance those who are trying to recoup losses from the last run up and and those who just want to make a quick profit. For the short term, we might have another upward spike (maybe hitting around ~750) followed by a downward trend that'll extend 3-4 weeks.
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March 26, 2014, 02:39:26 PM
 #20

Aint nothing happening for 6 months at least, the impact for the time being is null.
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