Topic: MtGox2 - EXCHANGES SELL BITCOIN HE NOT REALLY HAVE !!! (Read 555 times)

Yes, it is not advisable to keep the coins at the exchanges. I only keep those coins in exchange on which i have to trade. Once trading is done, i move my all coins back to the wallet. It do cost me some tx fee for withdrawing from exchange but it save my money in case something wrong happen with the exchange.

If this is true this is a form of cheating and manipulation of bitcoin. Is this made to collapse bitcoin's popularity? It is sad how everyone is so affected by one careless act that could ruin the entire bitcoin community. This should be regulated so as not to make FUD's among coin investors. Hope we can get rid of these type of manipulations.

If the bitcoin drops to $ 3000. That can happen. At that time you can happen on a large floor, the other floor will close, the best way is to withdraw all coin off the floor. That may be true

Why not do it again?
It pure internet buisnes, only property it software, databases, and Bitcoins is mobile and uncontrolable by doverment.

I will say it again. Inside job. None of those fools around here got brains for more than simple theft.

Otherwise they would have found a well paid honest job.

That coming with the ability to choose different so no excuses will be needed on the last day.

You can hold my purse while i change to ladies wear.

ALL Bitcoin "hacks" it just way to avoid judicial responsibility.

It's unlikely another mtgox scenario will happen any time soon, and some people use exchanges for day trading as their primary source of income. Of course there is a risk of some bad egg screwing up, or getting hacked, but the major exchanges around now don't seem to be a bad bunch, e.g. Poloniex, Binance and Bittrex all seem to be handling it well. It's fine to keep your money in an exchange, just don't keep your life savings in one, only what you need to get your jobs done.

So you will lost all you money in next MtGox scam.

It's easy to say but very hard to do. Now store bitcoins in an offline wallet and withdraw coins to the exchange before each transaction is not a problem. But how to do this when the transaction price is $ 50 and the queue to confirm the transaction a few days?

If you buy Bitcoin in exchanger, exchanger send you only when you withdraw.
When people start withdraw Bitcoin will happen MtGox2

then it will be a chaos in the cryptocurrency and the price will be dropped deeper and maybe cryptocurrency will fail to grow. we need to move our bitcoin into another wallet, I prefer to use an offline wallet and not save at the exchanges for a big amount except if we want to sell our bitcoin. it is too risky to save our bitcoin in the exchanges because we don't know how long the exchanges could run their services so we need to prevent the bad things that might happen later.

I recently heard about this people on the forum sending out merits to people undeserving to it. It makes me wonder how they do it and this is getting unfair for people who works hard to gain merit..this is saddening. If merit system has not yet arrive i could have been a member now if we base it to the number of postage. For me MERIT SYSTEM just fave the way to cheating here in the forum. I wish we go back to the old system of basing the ranking on the number of posts this way we can be assure that people deserve their ranks.

So if you want to hold bitcoin for a long time, you should transfer the bitcoins to your local wallet.
Because no exchange is absolutely safe.

I have heard a Chinese exchange has just made some mess in this sense, do you have any names of exchanges Which have been proven to adopt this habit?

Yeah bro have any chance to be that anytime exchanger could scam , but mtgox failed because of many traders open long positions and earned a lot of money thats why mtgox was closed.

It is impossible, at is has been said, to even send a bitcoin you don't have. Maybe by paypal, or another system where you can cancel your transaction, but, even so, you will need to have bitcoin to be able to scam this way.
Now, If you don't have any proof, any source, just do not accuse.
Besides, you seem to have a farmer account and you are shamelessly sending merit to don't deserving posts...

This really made me laugh.
Probably the dumbest way of trying to exchange merit between alts I've ever seen.

Seriously? You couldn't find two posts that were better than this?
Ups, I've checked you post history....Indeed , this is the best you could do.


Because this thread is Garbage!!! Broken English, no main idea, no facts , nothing.
And from the way to post seems I have the feeling you might be another alt.

"Master"? Master in what?
Stop using google translate!!!! You've just told us that is not good to give a guy good directions!!!  


I must congratulate you!
On both having the patience to deal with that and for actually understanding what he was trying to say.
I was going to reply to him but I gave up on the second line.


The topic is stupid because the user claimed they sell bitcoin they don't have.
And MtGox did exactly the opposite just as Bitfinex might be doing the trouble started when poeple tried to get fiat out of MtGox.

So, it's a useless debate.

Tether will definitely be involved in the next big scandal, I'm sure of it.

Too concerned about him/her/whatever?
The person didn't even write a correct statement, making everybody confused as to what they meant to say!
Now, here comes the second person xbiv2 (or maybe the alt account only ) who gave merits to such a post which is not even worth half a merit!
What has science to do with the presentation of OP here? Any logic please?
Who, and how can somebody give this guy a better direction without even understanding what they are basically trying to say?
Please elaborate - what did the OP try to convey us in their 3 lines and another 5 words statement?

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Did they really do that? Heck, my bad I didn't knew! Aww snap! /s
Hacking and selling both are two different things, moron! They declared themselves as bankrupt because of a hack that took place over the exchange (but if they mislead everyone by telling that to everyone and possessed the BTC with them only, that's where selling can be considered as a crime committed by them as it was people's money and not theirs.)


Oh yeah, really! Right?
WRONG! Even Bitcoins are traceable (if you leave any evidences online of your transactions, be it signing a message here or using an exchange to sell your coins where you need to do a KYC before they allow you to do so). Bitcoin is not completely anonymous, it is pseudonymous.


You're too clever a bluff to say that.
Really, man? Hacking is a LEGAL way to steal Bitcoins?