If mtgox is dead, why price drops on other exchanges when price drop in mtgox ?

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: GigaCoin on February 20, 2014, 03:31:46 PM

Just an update for you folks. The price on MtGox is irrelevant. I have 3.8 coins on MtGox and I can't sell them, buy anymore, or do anything as of yesterday when the price froze at $260 and they announced moving their office. So I attempted to open a new account at MtGox and got a 404 Error every time. The site doesn't work anymore, period. They have programmed it to just show a price that is slowly declining to zero. They are gone, bitcoins are gone, money is gone, there is no trading and there is nothing happening at MtGox. Just 2 minutes ago I tried to login to my MtGox account and got errors as well. The site is not functioning, only the market ticker at the top is working which is just computer code running in the background. Sorry people they are long gone but want to make you believe the exchange is still there so as not to crash the price on other exchanges where they are slowing liquidating the bitcoins to fools.

i logged in just now , all good no errors. I also just realized i had $1 there lmao.

heh. i got $0.00184

i made sure my last withdraw left them next to nothing a long time ago.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quote from: ?? on ??

Just an update for you folks. The price on MtGox is irrelevant. I have 3.8 coins on MtGox and I can't sell them, buy anymore, or do anything as of yesterday when the price froze at $260 and they announced moving their office. So I attempted to open a new account at MtGox and got a 404 Error every time. The site doesn't work anymore, period. They have programmed it to just show a price that is slowly declining to zero. They are gone, bitcoins are gone, money is gone, there is no trading and there is nothing happening at MtGox. Just 2 minutes ago I tried to login to my MtGox account and got errors as well. The site is not functioning, only the market ticker at the top is working which is just computer code running in the background. Sorry people they are long gone but want to make you believe the exchange is still there so as not to crash the price on other exchanges where they are slowing liquidating the bitcoins to fools.

i logged in just now , all good no errors. I also just realized i had $1 there lmao.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: ?? on ??

Just an update for you folks. The price on MtGox is irrelevant. I have 3.8 coins on MtGox and I can't sell them, buy anymore, or do anything as of yesterday when the price froze at $260 and they announced moving their office. So I attempted to open a new account at MtGox and got a 404 Error every time. The site doesn't work anymore, period. They have programmed it to just show a price that is slowly declining to zero. They are gone, bitcoins are gone, money is gone, there is no trading and there is nothing happening at MtGox. Just 2 minutes ago I tried to login to my MtGox account and got errors as well. The site is not functioning, only the market ticker at the top is working which is just computer code running in the background. Sorry people they are long gone but want to make you believe the exchange is still there so as not to crash the price on other exchanges where they are slowing liquidating the bitcoins to fools.

anyone see GOX's new "Virtual" Mailing address?

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

don't forget gox has like one million users, that's a huge loss of confidence in Bitcoin

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: zvs on February 20, 2014, 09:57:37 AM

those bitcoins are going to end up somewhere

and a lot of them will be sold, once they start moving

Why?

polarhei

sr. member

Activity: 462

Merit: 250

Firing it up

Quote from: sgdias on February 20, 2014, 09:53:44 AM

If mtgox is dead, why price drops on other exchanges when price drop in mtgox ? I'm not getting... how can a proven fraudulent exchange can impact on bitcoin economy Huh

Mtgox is already dead due to the fiat withdrawal problem not solved. We normally have forgotten the name.

The price is based on trust level. If there is more trust then the price will be reasonable for both parties.

Why mtgox shows USD 135 while the other shows USD 500+ apiece? Let see when mtgox has solved his own problem. Another Bad statement received today.

Let see when mtgox has fixed the problem

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: zvs on February 20, 2014, 10:03:08 AM

shame that I can't go to some sports betting site and put $1000 down on a (*ed: 5:1) that mtgox pays out bitcoins owned

That's right zvs.

You are getting just about 5.1 on BTC v Goxcoin at the moment so if you are so certain about Gox coming good, get your money in their now. People having no problems depositing funds, its just the other way around that is the issue.

Be sure to let us know ow you get on with that.

johnny211

full member

Activity: 170

Merit: 104

Quote from: Tirapon on February 20, 2014, 10:05:48 AM

You could just wire $1000 to Gox and buy some coins?

Yeah, if the bet is whether gox is solvent, then gox should be okay as counterparty

sgdias

member

Activity: 86

Merit: 10

Quote from: Richard Branson on February 20, 2014, 10:15:32 AM

You can:

https://bitcoinbuilder.com/

Wow, are you really Richard Branson ? nice to meet you dude.

sgdias

member

Activity: 86

Merit: 10

Quote from: ?? on ??

Just an update for you folks. The price on MtGox is irrelevant. I have 3.8 coins on MtGox and I can't sell them, buy anymore, or do anything as of yesterday when the price froze at $260 and they announced moving their office. So I attempted to open a new account at MtGox and got a 404 Error every time. The site doesn't work anymore, period. They have programmed it to just show a price that is slowly declining to zero. They are gone, bitcoins are gone, money is gone, there is no trading and there is nothing happening at MtGox. Just 2 minutes ago I tried to login to my MtGox account and got errors as well. The site is not functioning, only the market ticker at the top is working which is just computer code running in the background. Sorry people they are long gone but want to make you believe the exchange is still there so as not to crash the price on other exchanges where they are slowing liquidating the bitcoins to fools.

Nobody made a legal action ? Why the japanese police is not yet taking the bitcoins from mtgox ? (the same way FBI did with silk road)

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

You can:

https://bitcoinbuilder.com/

Tirapon

hero member

Activity: 898

Merit: 1000

Quote from: zvs on February 20, 2014, 10:03:08 AM

Quote from: MatTheCat on February 20, 2014, 10:00:14 AM

Quote from: zvs on February 20, 2014, 09:57:37 AM

those bitcoins are going to end up somewhere

and a lot of them will be sold, once they start moving

though i'm puzzled as to why anyone would sell at $120 on gox, i think any bookie would take that 1:5 spread

Cos the only people getting real BTC out of Gox, will be Karpeles and his mates and they will be cashing out on other exchanges. Joe Bloggs needs to get into USD in order to have the hope of salvaging anything.

shame that I can't go to some sports betting site and put $1000 down on a (*ed: 5:1) that mtgox pays out bitcoins owned

You could just wire $1000 to Gox and buy some coins?

zvs

legendary

Activity: 1680

Merit: 1000

https://web.archive.org/web/*/nogleg.com

Quote from: MatTheCat on February 20, 2014, 10:00:14 AM

Quote from: zvs on February 20, 2014, 09:57:37 AM

those bitcoins are going to end up somewhere

and a lot of them will be sold, once they start moving

though i'm puzzled as to why anyone would sell at $120 on gox, i think any bookie would take that 1:5 spread

Cos the only people getting real BTC out of Gox, will be Karpeles and his mates and they will be cashing out on other exchanges. Joe Bloggs needs to get into USD in order to have the hope of salvaging anything.

shame that I can't go to some sports betting site and put $1000 down on a (*ed: 5:1) that mtgox pays out bitcoins owned

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: zvs on February 20, 2014, 09:57:37 AM

those bitcoins are going to end up somewhere

and a lot of them will be sold, once they start moving

though i'm puzzled as to why anyone would sell at $120 on gox, i think any bookie would take that 1:5 spread

Cos the only people getting real BTC out of Gox, will be Karpeles and his mates and they will be cashing out on other exchanges. Joe Bloggs needs to get into USD in order to have the hope of salvaging anything.

zvs

legendary

Activity: 1680

Merit: 1000

https://web.archive.org/web/*/nogleg.com

those bitcoins are going to end up somewhere

and a lot of them will be sold, once they start moving

though i'm puzzled as to why anyone would sell at $120 on gox, i think any bookie would take that 1:5 spread

silverston

hero member

Activity: 952

Merit: 502

SAPG Pre-Sale Live on Uniswap!

bad news - price down.
good news - price up.
Grin

sgdias

member

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Merit: 10

If mtgox is dead, why price drops on other exchanges when price drop in mtgox ? I'm not getting... how can a proven fraudulent exchange can impact on bitcoin economy Huh

Topic: If mtgox is dead, why price drops on other exchanges when price drop in mtgox ? (Read 1686 times)