Pages:
Author

Topic: How much longer will Mt.Gox exist before they´re out of business? (Read 3967 times)

legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
How much longer will Mt.Gox exist before they´re out of business?

Years.

A better question is, "How much longer will Fonzie exist as a troll before she's on almost everyone's ignore list?"
legendary
Activity: 2097
Merit: 1070
In the UK you can get a 'winding up order' if a company owes you more than a mere 750 pounds.

A lot of people aren't aware of this but it's the one thing that gets debts paid immediately because when this hits they are forced to take immediate action or lose control of their company.

https://www.gov.uk/wind-up-a-company-that-owes-you-money

If they don't pay within 21 days the company will be put into liquidation.
hero member
Activity: 840
Merit: 509
I heard its all going really well and they plan in integrate litecoin Cheesy

Ha, I wonder if that ever will actually happen. I'm sure they realised there's not much point now.

The only way gox will stay alive is if they trading Litecoin.

I doubt even that can save them.
legendary
Activity: 1512
Merit: 1000
the answer in the bitcoin universe is always.. always....  '2 weeks'

...........How long until we reach 1 trillion market cap?

I expect somewhere around two weeks at the latest.
legendary
Activity: 924
Merit: 1001
the answer in the bitcoin universe is always.. always....  '2 weeks'

...........How long until we reach 1 trillion market cap?
sr. member
Activity: 462
Merit: 250
the answer in the bitcoin universe is always.. always....  '2 weeks'
hero member
Activity: 770
Merit: 500
I heard its all going really well and they plan in integrate litecoin Cheesy

Ha, I wonder if that ever will actually happen. I'm sure they realised there's not much point now.

The only way gox will stay alive is if they trading Litecoin.
hero member
Activity: 840
Merit: 509
I heard its all going really well and they plan in integrate litecoin Cheesy

Ha, I wonder if that ever will actually happen. I'm sure they realised there's not much point now.
sr. member
Activity: 336
Merit: 250
I heard its all going really well and they plan in integrate litecoin Cheesy
legendary
Activity: 1638
Merit: 1001
Quote
I'm amazed that after six months, they haven't been sued out of existence.

Your journey from contrarian to curmudgeon to whistleblower to giantkiller won't be complete until you yourself deposit a couple grand in Mt. Gox, do a couple trades, try to withdraw, then take the steps you've been urging for six months.  What is stopping you?

hero member
Activity: 722
Merit: 500
My god,anyone daft enough to have Bitcoin in Gox at such a unknown time regarding China and with all the history of getting out with fiat ,deserves to get stung

it's clear they are insolvent

will they last to the 31st or shut up shop before?

not long to wait either way
hero member
Activity: 840
Merit: 509
I don't know how long it'll last but any longer is too long. How they have any business left is beyond me.
hero member
Activity: 504
Merit: 500
Moderator
Choo Choooo - Almost 30000BTC (28401) are missin in action until now.   Shocked Cheesy Cheesy Cheesy
hero member
Activity: 504
Merit: 500
Moderator
This is of course also a reasonable explanation. Any probably one of many processes that are sketchy over there right now.
We have only seen the tip of the iceberg.
full member
Activity: 140
Merit: 100
The sum of all BTC stuck in failed TX has risen to 27687BTC Shocked
Imagine what will happen if only 30% of those get sold on Bitstamp....
And if you like in the service discussion forum, there are a lot of people who want to do exactly that.
These broken TX are a main reason why the price didn´t went down further.
You should really check these links:

http://thegoxreport.com/

If the number goes down significantly you should watch the market as a lot of these coins are going to be sold on Bitstamp/BTC-e

One of the more obvious theories on why they are holding back coins: everyone was getting worried about the price difference between exchanges rising, so they have been selling customer btc on their market to knock the price back down again, as well as to fund their remaining few weeks of existence.(Edited out the last part, because they wouldn't sell coins to get cash from their market participants, they would just take it without asking.)
hero member
Activity: 504
Merit: 500
Moderator
The sum of all BTC stuck in failed TX has risen to 27687BTC Shocked
Imagine what will happen if only 30% of those get sold on Bitstamp....
And if you like in the service discussion forum, there are a lot of people who want to do exactly that.
These broken TX are a main reason why the price didn´t went down further.
You should really check these links:

http://thegoxreport.com/

If the number goes down significantly you should watch the market as a lot of these coins are going to be sold on Bitstamp/BTC-e
legendary
Activity: 1526
Merit: 1001
Gox will hang on, stalling on withdrawals, until somebody does something that forces them to pay up. A lawsuit, intervention by the Japan Financial Services Agency, or something like that. As long as the marks don't apply serious pressure, Gox can continue screwing them.

I'm amazed that after six months, they haven't been sued out of existence. I suspect that some of the bigger customers did have lawyers contact Gox, and those customers were paid off.

There is actually a chance Gox will be sued for holding back coins and funds from the court-appointed liquidators of bitcoinica.
full member
Activity: 140
Merit: 100
So if Gox goes bye-bye, what will happen to services like Coinbase and Bitpay that require Mt Gox to function? I imagine they would scramble to find a viable alternative, but I'm not sure of all the regulations they need to comply with. Would they even have the option to use some other exchange? Would it have to be a US based exchange? Is there any exchange that would be able to support Coinbase, Bitpay, and the like?
I'm pretty sure they go through another exchange already like Bitstamp, not MtGox.
newbie
Activity: 23
Merit: 0
So if Gox goes bye-bye, what will happen to services like Coinbase and Bitpay that require Mt Gox to function? I imagine they would scramble to find a viable alternative, but I'm not sure of all the regulations they need to comply with. Would they even have the option to use some other exchange? Would it have to be a US based exchange? Is there any exchange that would be able to support Coinbase, Bitpay, and the like?
hero member
Activity: 602
Merit: 500
Pages:
Jump to: