yogi (OP)
Legendary
 Offline
Activity: 947
Merit: 1042
Hamster ate my bitcoin
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March 25, 2014, 10:34:34 PM |
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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.
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ChuckBuck
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March 25, 2014, 11:00:28 PM |
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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.
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Raize
Donator
Legendary
Offline
Activity: 1419
Merit: 1015
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March 25, 2014, 11:55:47 PM |
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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.
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Dangolbery
Newbie
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Activity: 49
Merit: 0
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March 25, 2014, 11:59:37 PM |
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Definitely up.
I'm no more likely to sell my BTC now than i was before Gox stole 'em.
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edwardspitz
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March 26, 2014, 12:00:39 AM |
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Short term down, and then up. The market will be positive if the issue is resolved IMO.
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jtsnau
Member
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Activity: 84
Merit: 10
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March 26, 2014, 12:10:52 AM |
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All Bitcoin news, good or bad, results in a price dip.
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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March 26, 2014, 12:12:13 AM |
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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.
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Beta-coiner1
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March 26, 2014, 12:58:24 AM |
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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. |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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March 26, 2014, 01:03:42 AM |
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I just wanna see Karp in jail. This shit should not go unpunished, however it resolves.
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Look inside yourself, and you will see that you are the bubble.
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Twilight_Sparkle
Member
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Activity: 91
Merit: 10
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March 26, 2014, 03:27:11 AM |
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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  |
1H8gQ7KEN65pbdtusg28NQ33YWFBPgWAf1
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counter
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March 26, 2014, 06:06:23 AM |
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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.
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barbs
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March 26, 2014, 10:12:24 AM |
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I just wanna see Karp in jail. This shit should not go unpunished, however it resolves.
agreed |
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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March 26, 2014, 10:13:40 AM |
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Seems to me a payout would increase the odds of Gox rising from the dead to goxx us all again.
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Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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ashapasa
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March 26, 2014, 01:21:28 PM |
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glad the victims will get something  |
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MelMan2002
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March 26, 2014, 01:53:11 PM |
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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 |
19F6veduCZcudwXuWoVosjmzziQz4EhBPS
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Zule
Member
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Activity: 84
Merit: 10
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March 26, 2014, 02:09:24 PM |
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Dont underestimate the USD that gox has to return. Portion of that money will be used to buy back coins.
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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March 26, 2014, 02:14:57 PM |
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If it ever happens, that would be the first time in history that MtGox has positively affected bitcoin price 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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hellscabane
Legendary
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Activity: 896
Merit: 1000
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March 26, 2014, 02:27:34 PM |
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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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Zule
Member
Offline
Activity: 84
Merit: 10
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March 26, 2014, 02:39:26 PM |
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Aint nothing happening for 6 months at least, the impact for the time being is null.
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Poll
