If you are leaving mt gox, how will you withdraw your funds? (cash or btc)

nereer

member

Activity: 84

Merit: 10

Why settle for the lesser evil?

Quote from: wujh on June 20, 2011, 06:38:31 PM

Quote from: nereer on June 20, 2011, 02:01:57 PM

18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.

Nope. the big guy with 25k+ BTC, which was hacked, will let you buy as much as you want.

what do you mean by that?

wujh

newbie

Activity: 49

Merit: 0

Quote from: nereer on June 20, 2011, 02:01:57 PM

18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.

Nope. the big guy with 25k+ BTC, which was hacked, will let you buy as much as you want.

nereer

member

Activity: 84

Merit: 10

Why settle for the lesser evil?

18 buyers v 2 (potential) sellers

I think there might be a rally. At least at the start.

DamienBlack

jr. member

Activity: 56

Merit: 1

Quote from: onesalt on June 20, 2011, 12:45:11 PM

mtgox might not actually have the funds to cash everyone out because of the rollback. This should be interesting.

Most of their bitcoin funds are offsite, you can see the huge 400,000+ bitcoins in the block explorer, untouched. No one got at their USD funds. Then there are all the fees they've collected. They have at least 95% of everyone's funds. Probably 100%.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

They've got the funds.

Think of the fees they've collected multiplied by the number of transactions processed over the entire length of the service.

and by chance they don't have the funds right now.. they will definitely have them in the future because of the fees.

Aren't you glad you pay fees now? Huh

onesalt

hero member

Activity: 756

Merit: 500

mtgox might not actually have the funds to cash everyone out because of the rollback. This should be interesting.

opticbit

hero member

Activity: 695

Merit: 502

PGP: 6EBEBCE1E0507C38

Cash out the cash and bitcoin out the btc, no exchanging.

But it depends on how the market swings, and I might put more in

Astro

sr. member

Activity: 284

Merit: 250

In blood!

nereer

member

Activity: 84

Merit: 10

Why settle for the lesser evil?

Just trying to get an idea of what will happen when the market opens. I am thinking that, somewhat counter-intuitively, bitcoin will make gains against $ since many people will want to withdraw in bitcoins and not cash, so a lot of buy orders will come in pushing the market up.

thoughts?

Topic: If you are leaving mt gox, how will you withdraw your funds? (cash or btc) (Read 1565 times)