I do not believe anymore that Mt.Gox will survive.
I'm expecting an awful week, at least it won't be boring...
R.I.P.
Mt Gox
25th of February 2014
Mt Gox
25th of February 2014
Topic: POLL: Do you think Mt. Gox will survive? (Read 4405 times)
Since their website is off and all these new rumours spread http://www.reddit.com/r/Bitcoin/comments/1yvdcd/heres_a_summary_of_what_has_happened_over_the/ I m changing my opinion.
I do not believe anymore that Mt.Gox will survive.
I'm expecting an awful week, at least it won't be boring...
I do not believe anymore that Mt.Gox will survive.
I'm expecting an awful week, at least it won't be boring...
Based on the price for MtGox bitcoins the market seems to think there is a good chance users are never going to get all their coins back. It's clear they lost coins to scammers and they have done little to reassure markets with a "We have 10000 bitcoins" type statement. If they can't make everyone whole then they have to declare bankruptcy.
I was thinking about that also, they don't even try to reassure their customers much
They could say that they are solvent and everything, and communicate everyday, I guess they have a lot to do
If you think they are malicious, you could think that they want the price of btc to be low, for some reason; or maybe they don't want to say they are solvent when they know they are not for legal reasons
Based on the price for MtGox bitcoins the market seems to think there is a good chance users are never going to get all their coins back. It's clear they lost coins to scammers and they have done little to reassure markets with a "We have 10000 bitcoins" type statement. If they can't make everyone whole then they have to declare bankruptcy.
they'll probably putter along for awhile. But no way is some going to trust them. Only chance is to declare bankrupty/fold. sell assets ( domain ) and have some else take over.
Will users get their funds and coins, and the site be running again? I think so.
Will they ever be trusted again? Don't know.
Will they ever be trusted again? Don't know.
Roger 'Bitcoin Jesus' Ver thinks MtGox will
noooo
I think that sending FIAT money to mtGox right ow is not a stupidity. If you manage to buy 1 bitcoin in mtGox for 160$ and they solve their problem in the next month and let you take your btc out you will have made a 400% of profit. It's risky but benefits are potentially high. If it were a safe call I'm sure the price would be much higher.
We have to think that all the exchangers had malleability problems and mtGox is having a worse time fixing them, this last malleability problem is companied with other problems that they had before with fiat withdrawals.
Fortune favours the bold, but I wont put more than a 5% of my total fiat savings in this mtGox operation.
(To try this you should already have a verified account because the verifing process takes at least two weeks)
We have to think that all the exchangers had malleability problems and mtGox is having a worse time fixing them, this last malleability problem is companied with other problems that they had before with fiat withdrawals.
Fortune favours the bold, but I wont put more than a 5% of my total fiat savings in this mtGox operation.
(To try this you should already have a verified account because the verifing process takes at least two weeks)
can someone please explain why they will go to bankruptcy? did they lost a lot of bitcoins because of transaction malleability? are they losing trustability and prestige so even if they solve the problem, they will be on loss? in these withdrawal resolving process, are they losing a lot of profits? did they already go bankrupt and these withdrawal issue is just a diversion or something? any other possible reason?
it's so interesting that people saying they will fail are saying nothing about the reasons. IMO, they were making huge money in last months, and this is just a basic technical issue so failure is just a small possibility and the failure theory is mostly based on speculation
it's so interesting that people saying they will fail are saying nothing about the reasons. IMO, they were making huge money in last months, and this is just a basic technical issue so failure is just a small possibility and the failure theory is mostly based on speculation
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
I very much doubt it. I'm been surprised it has continued functioning for as long as it has.
I think this was a big part of its business. It was the biggest exchange just on name alone. It's the first one pretty much everyone hears, yet you soon heard all the horror stories about it or found out first hand if you ever tried to use it.
People used Gox because it was mentioned in the media a lot.
I think this was a big part of its business. It was the biggest exchange just on name alone. It's the first one pretty much everyone hears, yet you soon heard all the horror stories about it or found out first hand if you ever tried to use it.
let that be a lesson to everyone mtgox downfall began due to regulations and their own bussiness practices.
I would say it's 50/50 right now, because of their weird PR, but i'm leaning more towards survival. 
Mark would be stupid to destroy "such" a brand...
Mark would be stupid to destroy "such" a brand...
People used Gox because it was mentioned in the media a lot. I think everyone learned there is better exchanges now, and hopefully the media follows suit and forgets about Gox.
Pretty wishful thinking there, you can expect the media to either continue mentioning MTGOX or you can expect them to use it as an example of why Bitcoin is totally broken and conveniently leave out how badly they were operating even before stopping withdrawals.
you forgot to add:
after a few announcments of new announments they finally managed to solve it themselves and continue.
but we have to understand that we are only allowed to withdraw 1btc/day because of the risk they take beeing the biggest exchange and permanently attacked.
after a few announcments of new announments they finally managed to solve it themselves and continue.
but we have to understand that we are only allowed to withdraw 1btc/day because of the risk they take beeing the biggest exchange and permanently attacked.
Funnily enough, that's kind of what I see happening. Very small withdrawal limits- the new verification for BTC will slow the withdrawals down too. Short term I see them surviving, but long-term they seem shot in terms of retaining a customer base.
You add these numbers to your poll.
https://bitcointalksearch.org/topic/gox-to-resume-withdrawals-476526
https://bitcointalksearch.org/topic/gox-to-resume-withdrawals-476526
It is just a cleaning social account to open new page ...
Come on guys be cool.
Come on guys be cool.
It will be better without them. 
i was thinking about deposit fiat to mtgox.
Good plan! You could also:
-Throw it out the window
-Use it to light a fire in your fireplace
-Donate it to charity
In my opinion, all 3 options would provide a better return on your investment.
seems your signature says the opposite
This is why the Gox will survive to Gox more investors in the bithole. Lot of guys like this one. LOL !!!
i was thinking about deposit fiat to mtgox.
i was thinking about deposit fiat to mtgox.
Good plan! You could also:
-Throw it out the window
-Use it to light a fire in your fireplace
-Donate it to charity
In my opinion, all 3 options would provide a better return on your investment.
Jump to: