"Will I Ever See MTGox go out of business, Daddy?"
"Never, Sweetheart. Never In a Million Years."
Topic: How much longer will Mt.Gox exist before they´re out of business? - page 2. (Read 3967 times)
January 29, 2014, 04:31:38 AM
January 29, 2014, 04:16:38 AM
Guess who's going to get all the media attention when we hit ATH? Mtgox 
and bet most won't even talk about the withdrawal problems.
and bet most won't even talk about the withdrawal problems. 
January 29, 2014, 03:03:13 AM
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.
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.
January 28, 2014, 10:15:23 PM
Can't wait til they are gone. Suckers only kept this game running on 60000 bitcoinica bitcoins withheld and thousands of dollars cash. Let them roast in hell.
January 28, 2014, 09:55:10 PM
I'm not sure how people can continue to use an exchange that takes months to process withdraws. Logically, one would think that everyone who is aware of MtGox's situation has already lined up to get their money out. Near 100% of MtGox's money should be heading towards the exit. If everyone can't withdraw in a timely manner (a few days) MtGox clearly doesn't have the money and should immediately stop trading as it's insolvent. It's not a fractional reserve bank and shouldn't act like one.
January 28, 2014, 09:27:50 PM
It really looks like things are getting out of order now. Please vote if you haven´t done already.
That said, the number of broken TX just DOUBLED in the last hour!!!!!!! It was down to around 800, but has now jumped to 1700! Things just got very VERY serious.
75% of my coin worth is currently stuck in limbo, and even their manual rebroadcast of my coins failed AGAIN early this morning.
get out the pitchforks, boys... we're about to go to war.
EDIT: thegoxreport.com is broken, so the true count is no longer on Dizko's charts there. You have to use skanner.net to see the current broken TX!
That said, the number of broken TX just DOUBLED in the last hour!!!!!!! It was down to around 800, but has now jumped to 1700! Things just got very VERY serious.
75% of my coin worth is currently stuck in limbo, and even their manual rebroadcast of my coins failed AGAIN early this morning.
get out the pitchforks, boys... we're about to go to war.
EDIT: thegoxreport.com is broken, so the true count is no longer on Dizko's charts there. You have to use skanner.net to see the current broken TX!
January 26, 2014, 11:59:49 AM
My posts are usually slightly humorous.
And no, I didn't wire them money but there is always somebody who does. And if they are insolvent and still operating, again their business model has changed, now if you don't get that....
And no, I didn't wire them money but there is always somebody who does. And if they are insolvent and still operating, again their business model has changed, now if you don't get that....
I get it as Kungfu-Zius said:
"If there is a bitcoin exchange going down and noone is there who can see it going down, is it then really going down?"
Still some people have eyes to see.
Thx
January 26, 2014, 10:50:52 AM
January 26, 2014, 10:36:27 AM
Mtgox is out of business already. It only takes some time for the brain to realize.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
As long as people wire them cash there in business, period.
You make me laugh, you think someone wires them money? seriously?
Did you?
Gneeheehee
And no, I didn't wire them money but there is always somebody who does. And if they are insolvent and still operating, again their business model has changed, now if you don't get that....
January 26, 2014, 10:18:44 AM
Mtgox is out of business already. It only takes some time for the brain to realize.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
As long as people wire them cash there in business, period.
You make me laugh, you think someone wires them money? seriously?
Did you?
Gneeheehee
January 26, 2014, 10:15:33 AM
Mtgox is out of business already. It only takes some time for the brain to realize.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
As long as people wire them cash there in business, period. It's just that their business model that may have changed...
January 26, 2014, 10:13:53 AM
Mtgox is out of business already. It only takes some time for the brain to realize.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
This has to do with plasticity and physiology of the human brain.
Some people have faster neurons though.
January 26, 2014, 09:41:46 AM
they will be around much longer and will continue to play an important role in the market, the spread won't grow much larger than 35%, and maybe we even have seen the highest spread already.
January 26, 2014, 09:40:41 AM
I'm saying don't panic, hedge, and risk as much as you feel comfortable with. Some people no doubt are sending coins to gox on this basis. While I'm not panicing about gox, I wouldn't reccomend 100% holdings there either.
January 26, 2014, 09:23:41 AM
Hmmmmm delicious profitable GOXFUD.
Protip: Exchanges are a zero sum game.
Protip: Exchanges are a zero sum game.
Money goes in, but no money goes out. How is that zero sum?
So? Even if everyone cashes out their coin and the price goes to 10k, the cash in GOX remains and the traders who stayed and accepted fiat are now legal owners of that fiat. Gox eventually fixes it's transmission woes and as per the zero sum game, the traders who didn't panic get what's theirs in the end. Gox ain't corrupt, ain't in financial difficulty, but is suffering from bad management. They retain their fees earned over 5 years and have more than enough in reserve(btc and fiat) to get through the problems and in the end the only people who lose are that newb's that panicked on the back of FUD.
You keep flailing, I'll keep profiting thank you.
So you suggest that everyone(at least the smart ones) should send their coins over there, and take advantage of the higher price?
January 26, 2014, 09:22:14 AM
I don't think MtGox will extinct,
As it gets less and less popylar,
it will be able to process more transactions
As it gets less and less popylar,
it will be able to process more transactions
January 26, 2014, 09:20:56 AM
Are you stalking me 
? I´m scared 
? I´m scared T.Stuart doesn't like people who say nasty things about Bitcoin.
He bought into all the hype and has a rather high personal stake. He claims he got into Bitcoin at much lower prices than we say today but going by his behaviour, I would say the current market action is biting pretty close to his bones.
He he!
What's wrong MatTheCat? Why are you taking a swipe at me?
January 26, 2014, 09:19:45 AM
Are you stalking me ? I´m scared
? I´m scared T.Stuart doesn't like people who say nasty things about Bitcoin.
He bought into all the hype and has a rather high personal stake. He claims he got into Bitcoin at much lower prices than we see today but going by his behaviour, I would say the current market action is biting pretty close to his bones.
January 26, 2014, 09:13:09 AM
Hmmmmm delicious profitable GOXFUD.
Protip: Exchanges are a zero sum game.
Protip: Exchanges are a zero sum game.
Money goes in, but no money goes out. How is that zero sum?
So? Even if everyone cashes out their coin and the price goes to 10k, the cash in GOX remains and the traders who stayed and accepted fiat are now legal owners of that fiat. Gox eventually fixes it's transmission woes and as per the zero sum game, the traders who didn't panic get what's theirs in the end. Gox ain't corrupt, ain't in financial difficulty, but is suffering from bad management. They retain their fees earned over 5 years and have more than enough in reserve(btc and fiat) to get through the problems and in the end the only people who lose are that newb's that panicked on the back of FUD.
You keep flailing, I'll keep profiting thank you.
January 26, 2014, 09:01:38 AM
Mt.Gox bankruptcy will be the big crash we have all been anticipating, not China.
About 5 minutes left until someone comes and says: "IT´S ALREADY PRICED IN, DUUUDE"
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