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Topic: If gox dies, we will be low for some time (Read 960 times)

superduh
hero member
Activity: 602
Merit: 500
If gox dies, we will be low for some time
February 15, 2014, 03:38:51 PM
#15
Quote from: thedarksun on February 15, 2014, 10:08:59 AM
We will be low until people start buying in on bitcoins agian. maybe at summer or christmas.
If gox somehow fixes their problems then we will still go low. why? because there are a ton of ppl that have wanted to withdraw for months so even if they lose out on cash they will mass withdraw and crash the price and we have the same outcome as if gox would die.


mass withdraw = selling coins? i don't think you understand the basics of what you are even saying. it's like pointing to a fire and calling it snow.
Holliday
legendary
Activity: 1120
Merit: 1012
Re: If gox dies, we will be low for some time
February 15, 2014, 02:34:38 PM
#14
Quote from: JustAnotherSheep on February 15, 2014, 02:31:50 PM
Quote from: Holliday on February 15, 2014, 02:21:54 PM
Bitcoin is anti-fragile.
Maybe this is the time to note my post was intended to be a joke Cheesy

Meh, my response is valid either way. Smiley
JustAnotherSheep
full member
Activity: 239
Merit: 100
Re: If gox dies, we will be low for some time
February 15, 2014, 02:31:50 PM
#13
Quote from: Holliday on February 15, 2014, 02:21:54 PM
Bitcoin is anti-fragile.
Maybe this is the time to note my post was intended to be a joke Cheesy
fonzie
hero member
Activity: 504
Merit: 500
Moderator
Re: If gox dies, we will be low for some time
February 15, 2014, 02:24:30 PM
#12

Holliday. Honest question, have you sold some of your BTC? You seem a bit bearish in some of your posts in the last day, or at least less aggressive when it comes to bearish posts?
Holliday
legendary
Activity: 1120
Merit: 1012
Re: If gox dies, we will be low for some time
February 15, 2014, 02:21:54 PM
#11
Quote from: JustAnotherSheep on February 15, 2014, 02:20:42 PM
Quote from: Nancarrow on February 15, 2014, 02:15:04 PM
Chemotherapy isn't painless.
It also has a tendency for causing death.

Bitcoin is anti-fragile.
JustAnotherSheep
full member
Activity: 239
Merit: 100
Re: If gox dies, we will be low for some time
February 15, 2014, 02:20:42 PM
#10
Quote from: Nancarrow on February 15, 2014, 02:15:04 PM
Chemotherapy isn't painless.
It also has a tendency for causing death.
Nancarrow
hero member
Activity: 492
Merit: 503
Re: If gox dies, we will be low for some time
February 15, 2014, 02:15:04 PM
#9
Quote from: gizmoh on February 15, 2014, 01:17:53 PM
Quote from: Holliday on February 15, 2014, 10:34:45 AM
Gox is cancer. Removing cancer is a good thing.

And with it, destroy over $50 million from btc economy.. Great deal!

Chemotherapy isn't painless.
infofront
legendary
Activity: 2646
Merit: 2842
Shitcoin Minimalist
Re: If gox dies, we will be low for some time
February 15, 2014, 01:40:37 PM
#8
Quote from: gizmoh on February 15, 2014, 01:17:53 PM
Quote from: Holliday on February 15, 2014, 10:34:45 AM
Gox is cancer. Removing cancer is a good thing.

And with it, destroy over $50 million from btc economy.. Great deal!

That $50 million won't be destroyed.
Nagle
legendary
Activity: 1204
Merit: 1002
Re: If gox dies, we will be low for some time
February 15, 2014, 01:37:22 PM
#7
Quote from: thedarksun on February 15, 2014, 10:08:59 AM
We will be low until people start buying in on bitcoins agian. maybe at summer or christmas.
If gox somehow fixes their problems then we will still go low. why? because there are a ton of ppl that have wanted to withdraw for months so even if they lose out on cash they will mass withdraw and crash the price and we have the same outcome as if gox would die.
Probably not. Gox seems to have little effect on the rest of the market now. Look at prices for the last two weeks. Bitstamp, etc. holding in the $600-$700 range.  Mt. Gox dropping from the $900s to the $300s.

Mt. Gox just isn't connected to anything. You can't get either fiat or Bitcoins out reliably.  They just don't matter any more, except to people with assets on deposit with them.
pietje
full member
Activity: 224
Merit: 100
Re: If gox dies, we will be low for some time
February 15, 2014, 01:23:09 PM
#6
Quote from: cryptoanarchist on February 15, 2014, 10:37:50 AM
Quote from: Holliday on February 15, 2014, 10:34:45 AM
Gox is cancer. Removing cancer is a good thing.

+1

The quicker Gox dies off the better.

I totally agree. If this gox shit continues for a few years longer it would be way worse for bitcoin
gizmoh
legendary
Activity: 1428
Merit: 1000
Re: If gox dies, we will be low for some time
February 15, 2014, 01:17:53 PM
#5
Quote from: Holliday on February 15, 2014, 10:34:45 AM
Gox is cancer. Removing cancer is a good thing.

And with it, destroy over $50 million from btc economy.. Great deal!
cryptoanarchist
legendary
Activity: 1120
Merit: 1003
Re: If gox dies, we will be low for some time
February 15, 2014, 10:37:50 AM
#4
Quote from: Holliday on February 15, 2014, 10:34:45 AM
Gox is cancer. Removing cancer is a good thing.

+1

The quicker Gox dies off the better.
Holliday
legendary
Activity: 1120
Merit: 1012
Re: If gox dies, we will be low for some time
February 15, 2014, 10:34:45 AM
#3
Gox is cancer. Removing cancer is a good thing.
fonzie
hero member
Activity: 504
Merit: 500
Moderator
Re: If gox dies, we will be low for some time
February 15, 2014, 10:11:04 AM
#2
I agree it´s a win-win situation for bears. Whatever Gox will do next, fix it´s problems, declare insolvency or beeing robbed, delaying their problem fixing.
It will go down anywy.
thedarksun
sr. member
Activity: 639
Merit: 251
Re: If gox dies, we will be low for some time
February 15, 2014, 10:08:59 AM
#1
We will be low until people start buying in on bitcoins agian. maybe at summer or christmas.
If gox somehow fixes their problems then we will still go low. why? because there are a ton of ppl that have wanted to withdraw for months so even if they lose out on cash they will mass withdraw and crash the price and we have the same outcome as if gox would die.
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