Topic: POLL: Is Mt. Gox Solvent? - page 2. (Read 2358 times)
Not sure. But having a rotting dead carcass the size of Mtgox stinking up the Bitcoin waters will crash the price on every other exchange, IMO. Some people think it will be a good thing, I understand why, but once the media gets hold of this Bitcoin is going south.
I believe Gox is solvent, they earn the trading fee every day and I can't see a reason that they can in a big lost.
They're making shitloads of money every day from trading fees. Even if they've lost millions because of their stupidity and poor luck, they're still solvent.
I really really do not understand why people are selling at these (Gox) prices. If they view Gox as insolvent, do they really think it's better to hold GoxFiat as opposed to GoxBTC?
I really really do not understand why people are selling at these (Gox) prices. If they view Gox as insolvent, do they really think it's better to hold GoxFiat as opposed to GoxBTC?
Mt.Gox is Dead. Doesn't matter what it does or doesn't. The ONLY question, is will BITCOIN survive?
Scenario #1
MT. Gox fixes the problem, EVERY user will withdraw BTC and FIAT at the same time, which will cause the market to crash even more.
Scenario #2
Gox knows that Scenario #1 could happened so they limit on how much BTC each user could withdraw, which will create a Panic Sale and try to withdraw FIAT.
Scenario #3
Gox knows that Scenario #2 could happened so they limit on how much BTC and FIAT each user could withdraw, which will killed the market..
Scenario #4
Gox goes into Bankruptcy, taking Crypto to hell and under, which will take a very very long time to recover, if ever.
AND THIS OPTION APPLY, to any scenario and its applying already.
In the Public View, Bitcoin and Crypto Currency is and always been a Ponzi Scheme. <-- They have been calling Bitcoin, that for the longest time.
Scenario #1
MT. Gox fixes the problem, EVERY user will withdraw BTC and FIAT at the same time, which will cause the market to crash even more.
Scenario #2
Gox knows that Scenario #1 could happened so they limit on how much BTC each user could withdraw, which will create a Panic Sale and try to withdraw FIAT.
Scenario #3
Gox knows that Scenario #2 could happened so they limit on how much BTC and FIAT each user could withdraw, which will killed the market..
Scenario #4
Gox goes into Bankruptcy, taking Crypto to hell and under, which will take a very very long time to recover, if ever.
AND THIS OPTION APPLY, to any scenario and its applying already.
In the Public View, Bitcoin and Crypto Currency is and always been a Ponzi Scheme. <-- They have been calling Bitcoin, that for the longest time.
nice one with the FUD/ btc withdrawls and fiat withdrawls have zero (none) effect on price. but, good attempt at making it seem like you know what you're talking about.
actually not very good. since it seems that your train of logic (scenario) 1 is very common among the fudsters. too bad it doesn't make any sense no matter how hard you try
Once the BTC withdrawals on MtGox will resume tomorrow (the official statement), price on MtGox will quickly jump to
the level of Bitstamp or even a bit above. After that, it's anybody's guess...
the level of Bitstamp or even a bit above. After that, it's anybody's guess...
Mt.Gox is Dead. Doesn't matter what it does or doesn't. The ONLY question, is will BITCOIN survive?
Scenario #1
MT. Gox fixes the problem, EVERY user will withdraw BTC and FIAT at the same time, which will cause the market to crash even more.
Scenario #2
Gox knows that Scenario #1 could happened so they limit on how much BTC each user could withdraw, which will create a Panic Sale and try to withdraw FIAT.
Scenario #3
Gox knows that Scenario #2 could happened so they limit on how much BTC and FIAT each user could withdraw, which will killed the market..
Scenario #4
Gox goes into Bankruptcy, taking Crypto to hell and under, which will take a very very long time to recover, if ever.
AND THIS OPTION APPLY, to any scenario and its applying already.
In the Public View, Bitcoin and Crypto Currency is and always been a Ponzi Scheme. <-- They have been calling Bitcoin, that for the longest time.
Scenario #1
MT. Gox fixes the problem, EVERY user will withdraw BTC and FIAT at the same time, which will cause the market to crash even more.
Scenario #2
Gox knows that Scenario #1 could happened so they limit on how much BTC each user could withdraw, which will create a Panic Sale and try to withdraw FIAT.
Scenario #3
Gox knows that Scenario #2 could happened so they limit on how much BTC and FIAT each user could withdraw, which will killed the market..
Scenario #4
Gox goes into Bankruptcy, taking Crypto to hell and under, which will take a very very long time to recover, if ever.
AND THIS OPTION APPLY, to any scenario and its applying already.
In the Public View, Bitcoin and Crypto Currency is and always been a Ponzi Scheme. <-- They have been calling Bitcoin, that for the longest time.
Is Mt Gox being honest about the source of it's withdrawl problems (namely, bank money transfer issues and tx malleability attack) or is the company hiding the fact it's lost customer bitcoins and funds?
Will the announced technology fix allow the company to resume normal operations and pay out all customer funds? Or does the company have less assets than customer account balances and be forced to liquidate (through a bankruptcy, lawsuit, or other legal process)?
If the "wisdom of crowds" is to be believed, the result of this pool should help determine the proper discount to apply to Mt Gox BTC.
H/T: A similar poll being conducted at:
http://BITCOINpeeps.com/mtgoxpoll
Will the announced technology fix allow the company to resume normal operations and pay out all customer funds? Or does the company have less assets than customer account balances and be forced to liquidate (through a bankruptcy, lawsuit, or other legal process)?
If the "wisdom of crowds" is to be believed, the result of this pool should help determine the proper discount to apply to Mt Gox BTC.
H/T: A similar poll being conducted at:
http://BITCOINpeeps.com/mtgoxpoll
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