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Topic: How much longer will Mt.Gox exist before they´re out of business? - page 3. (Read 3967 times)

hero member
Activity: 728
Merit: 500
Mt.Gox bankruptcy will be the big crash we have all been anticipating, not China.  Grin


Or mtgox fixes withdrawals, and suddenly 200,000btc appear on the order books, causing the entire market to panic with it.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Mt.Gox bankruptcy will be the big crash we have all been anticipating, not China.  Grin

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Hmmmmm delicious profitable GOXFUD.

Protip: Exchanges are a zero sum game.

So long as they don't engage in fractional reserve banking on bitcoins and get caught on the wrong side of a 10,000 % increase in value.  
hero member
Activity: 504
Merit: 500
Moderator
Hmmmmm delicious profitable GOXFUD.

Protip: Exchanges are a zero sum game.

Money goes in, but no money goes out. How is that zero sum?
hero member
Activity: 728
Merit: 500
I'm writing a futuristic movie about the future. It goes like this:

The year is 2016. All major bitcoin exchanges have suffered government interventions and hacks. Except one. The only one left standing is... Mtgox. Mtgox now offers a working withdrawal solution and everyone has sent their coins there. Trading is going as normal. There is a 5,000btc wall here, a 10,000btc wall there, and massive buys and dumps of 20,000 coins at a time are occurring. The sell side is stocked with 160,000 coins.

Later on, something happens with the business and people start speculating that MtGox is going to die. A btc veteran says "don't worry. I've seen mtgox die many deaths before and come back to life". Most people don't believe him, and don't understand, but other more experienced bitcoiners get an eerie feeling of deja vu and they can't quite put their finger on it.
hero member
Activity: 809
Merit: 501
Always verify deals with me through my public key!
Hmmmmm delicious profitable GOXFUD.

Protip: Exchanges are a zero sum game.
hero member
Activity: 504
Merit: 500
Moderator
Are you stalking me  Shocked? I´m scared Cheesy
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
hero member
Activity: 504
Merit: 500
Moderator
How much longer will Mt.Gox exist before they´re out of business?
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