Author

Topic: MtGox should be safe now OR both fiat and BTC deposits are gone (Read 2763 times)

legendary
Activity: 2156
Merit: 1070
Even if they used to be insolvent, they should be safe now since they had such a great opportunity to buy up coins for almost nothing. If they are smart they hold the announcement that Bitcoin withdrawal resumes just a little longer to buy at a ridiculous price and ARB as much as they can. By now they should easily have made good on the 5 Million they lost last year.

No idea why anyone thinks it makes a difference if they have fiat or BTC in case MtGox goes bust. We can assume that both is lost because very likely, they have other liabilities that are senior to deposits. Should BTC withdrawal resume, you are far better off with Bitcoin OTOH.



Never underestimate the power of stupidity.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
Even if they used to be insolvent, they should be safe now since they had such a great opportunity to buy up coins for almost nothing. If they are smart they hold the announcement that Bitcoin withdrawal resumes just a little longer to buy at a ridiculous price and ARB as much as they can. By now they should easily have made good on the 5 Million they lost last year.

No idea why anyone thinks it makes a difference if they have fiat or BTC in case MtGox goes bust. We can assume that both is lost because very likely, they have other liabilities that are senior to deposits. Should BTC withdrawal resume, you are far better off with Bitcoin OTOH.

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