Do you believe gox is holding 624408 BTC for customers?

ElectricMucus

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Quote from: porcupine87 on February 25, 2014, 10:44:16 AM

Quote from: ElectricMucus on February 25, 2014, 10:41:28 AM

If you have Bitcoins for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.

Then you would see them in the order books...

Nope. If I just have the Bitcoins in the account balance they don't show up, how should they if there is no price given for the sale?

ElectricMucus

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Quote from: jl2012 on February 25, 2014, 10:43:06 AM

Quote from: ElectricMucus on February 25, 2014, 10:41:28 AM

If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.

Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems

Well, I think not everybody who had Bitcoins on mtgox had a reason to do so. People are also lazy/reckless/stupid whatever you want to call it.

Asrael999

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Quote from: jl2012 on February 25, 2014, 10:43:06 AM

Quote from: ElectricMucus on February 25, 2014, 10:41:28 AM

If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.

Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems

I know I have coins at stamp that are not in the order book - I don't use Gox but why wouldn't people have done the same thing? Allegedly they had 500,000 accounts - ( inflated number probably) but if every account just left 1 coin there it would be most of that number.

ReBoRn

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Bitcoin will survive

Quote from: wobber on February 25, 2014, 10:43:49 AM

Roughly 312,204,000 USD. Nice!

yes I sure they have just because of this now they are doing this dirty game

porcupine87

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hm

Quote from: ElectricMucus on February 25, 2014, 10:41:28 AM

If you have Bitcoins for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.

Then you would see them in the order books...

wobber

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Roughly 312,204,000 USD. Nice!

jl2012

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Quote from: ElectricMucus on February 25, 2014, 10:41:28 AM

If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.

Yes, but with a >10x of amount shown on the book is still far too much IMO, especially when gox has all sort of problems

ElectricMucus

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Activity: 1666

Merit: 1057

Marketing manager - GO MP

If you are into Bitcoin for short term speculation and want to be able to react to the market quickly without having to sell them for a pre-determined amount it makes sense to leave them on the exchange.
Just saying.

jl2012

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http://zh.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

This document claims that gox is holding 624408 of customers' BTC. It's like 5% of all existing bitcoin. I think this is ridiculous as there was always less than 50000 on the order book. Why people are storing huge amount of money on gox for nothing? I simply can't believe it.

(here I mean the liability, not the actual amount of BTC in gox's wallet)

Topic: Do you believe gox is holding 624408 BTC for customers? (Read 823 times)