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Topic: Gox to Announce they found 670,000 btc? - page 2. (Read 7562 times)

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 25, 2014, 06:14:20 PM
#54
I don’t know exactly who Eren is or where his information is from, but I hope we discover more soon...

I read the source and it looks pretty weak.
If true:
"It would also turn into a colosso-massive news story. No one has ever ‘found’ a half-billion dollars before. Thanks to the miracle that is trustless, decentralized, public ledgers, though, we did. We did."

Stay tuned for more amazing updates from Bitcoin World...
member
Activity: 72
Merit: 10
March 25, 2014, 06:11:38 PM
#53
Are you guys forgetting like the price was 1k or something and started to fall only cus gox started all this?

Price is going up I think to 1.2k and above
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
March 25, 2014, 06:09:27 PM
#52
gox is dead, and i love it. i hope Mark is in jail soonish.
hero member
Activity: 882
Merit: 500
March 25, 2014, 06:02:37 PM
#51
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

It can only fall, there is no other option. If most people keep the coins the price remains the same, if most sell the price goes to 1 dollar.

Yes the world has a lack of fiat to buy any of those coins.

It seems you don't understand the basica rules of market. The current price is what it is without those coins, how can the price go up? coins will buy coins?


Nobody even knew those coins were missing up until 3 weeks ago and the price was the same.
Finding the coins will have a negligible impact on the market.
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
March 25, 2014, 05:46:46 PM
#50
I created a poll to asses sentiment regarding its effect on the market;

https://bitcointalksearch.org/topic/poll-market-effect-of-a-mtgox-payout-530672
sr. member
Activity: 364
Merit: 257
March 25, 2014, 05:45:28 PM
#49
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

It can only fall, there is no other option. If most people keep the coins the price remains the same, if most sell the price goes to 1 dollar.

Yes the world has a lack of fiat to buy any of those coins.

It seems you don't understand the basica rules of market. The current price is what it is without those coins, how can the price go up? coins will buy coins?
hero member
Activity: 1372
Merit: 783
better everyday ♥
March 25, 2014, 05:44:34 PM
#48
I don't see how it can fall.

If I lose something valuable, that I thought was lost maybe forever, and it turns up I'm jumping for f#cking joy.

Sentiment plays a huge role.
hero member
Activity: 622
Merit: 500
March 25, 2014, 05:39:25 PM
#47
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

It can only fall, there is no other option. If most people keep the coins the price remains the same, if most sell the price goes to 1 dollar.

Yes the world has a lack of fiat to buy any of those coins.
legendary
Activity: 1372
Merit: 1014
March 25, 2014, 05:34:44 PM
#46
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

it will go up massively

it is excellent news if no one has to worry about so many stolen coins in circulation (taint risk)
sr. member
Activity: 332
Merit: 253
March 25, 2014, 05:34:03 PM
#45
Mt. Gox is not going anywhere until the Tokyo District Court and the Tokyo Metropolitan Police are through with it.

Nah, they have only made an application. They can just cancel the application. Court has 0 power if they now come out and say we are being acquired and everyone will be made whole.

Really?
That would be one heck of a story.

It is correct that the Japanese court has not yet ordered commencement of the civil rehabilitation procedure. They have only provided a protective order for Mt. Gox based on their application.
g4c
member
Activity: 98
Merit: 10
March 25, 2014, 05:32:17 PM
#44
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

It can only fall, there is no other option. If most people keep the coins the price remains the same, if most sell the price goes to 1 dollar.

lol.
full member
Activity: 210
Merit: 100
March 25, 2014, 05:30:54 PM
#43
Intresting news. Lets see how this affects bitcoin price.
sr. member
Activity: 364
Merit: 257
March 25, 2014, 05:23:06 PM
#42
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?

It can only fall, there is no other option. If most people keep the coins the price remains the same, if most sell the price goes to 1 dollar.
newbie
Activity: 1
Merit: 0
March 25, 2014, 05:17:13 PM
#41
I don't really get the point: you guys are saying that if the coins will be found, then Bitcoin exchange rate will immediately raise. But how come? 670000 coins are a big deal, at least 100000 of them will be on markets again, hence the exchange rate will sink for a few days. Or I am wrong?
sr. member
Activity: 364
Merit: 257
March 25, 2014, 04:45:05 PM
#40
What about all the missing fiat? Are they gonna "find" that as well?  Roll Eyes

the bank was hacked  Roll Eyes
full member
Activity: 144
Merit: 100
March 25, 2014, 04:27:05 PM
#39

I hope the bitcoin community that was goxed gets some/all their coins back.
Everyone should have learned a very valuable lesson from this whole mess- Hold on to your coins...no need to leave them on exchanges.

Give me a break.  Everyone keeps preaching that shit, but not everyone just hordes coins on their home computers.  Some of us actually trade/sell/arbitrage.  And for that, you need fiat and btc on the exchanges.
sr. member
Activity: 476
Merit: 250
March 25, 2014, 04:25:14 PM
#38
What about all the missing fiat? Are they gonna "find" that as well?  Roll Eyes
hero member
Activity: 882
Merit: 500
March 25, 2014, 04:21:47 PM
#37

I hope the bitcoin community that was goxed gets some/all their coins back.
Everyone should have learned a very valuable lesson from this whole mess- Hold on to your coins...no need to leave them on exchanges.
newbie
Activity: 3
Merit: 0
March 25, 2014, 04:16:50 PM
#36
I'm thinking the opposite.  If you were a victim of the Goxxing, would you hang on to your returned coins?  I'd think most people would dump them for fiat as quickly as possible.

im victim and i will not sell my refunded goxcoins(if)

I too am a victim, and I will also bee hodling my coins.

Me too, any coins returned to me will be safely stored well away from any exchange.

Damn yeah... if this is true, i will put my 16 goxcoin in cold wallet and wait another year to become 10k!!! with all the news coming to Bitcoin out of this, its not wise to sell them for cheap (maybe we see a drop of 10-20% at first but it will come back soon)
legendary
Activity: 961
Merit: 1000
March 25, 2014, 04:14:52 PM
#35


I'm thinking the opposite.  If you were a victim of the Goxxing, would you hang on to your returned coins?  I'd think most people would dump them for fiat as quickly as possible.
[/quote]

They'll be going straight to the cool room
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