Author

Topic: Should I spend all my money locked into mt.gox on bitcoins? (Read 3297 times)

sr. member
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
I would take the risk. Don't think you will get much back from having fiat there. It could take years before you even get your money back, imo buying btc and hoping for the best is the greatest risk reward ratio.
hero member
Activity: 938
Merit: 1000
www.multipool.us
is it posssible to deposit fiat into mtgox?

I lol'd.
full member
Activity: 169
Merit: 100
I mean surely if I can't get my bitcoins then I can't get my cash.

Any opinions appreciated.

Thanks.

Can I ask you, why you still haad fonds on Gox, when you knew they had withdrawal problems all the time?

When my first funds got to gox, they weren't having issues.  The problem arose when they started denying my account verification...
hero member
Activity: 898
Merit: 1000
If MT. Gox is insolvent, you probably wont get back any coins or any USD.

So it would have been stupid not to buy the coins.

If they are solvent, would you rather get back USD or 1BTC per 200 USD?

1 btc @ about 80 euro I think I paid for them today.

Now just hope that they survive and recover. Given their past performance, I think your odds are pretty good.
sr. member
Activity: 348
Merit: 251
If MT. Gox is insolvent, you probably wont get back any coins or any USD.

So it would have been stupid not to buy the coins.

If they are solvent, would you rather get back USD or 1BTC per 200 USD?

1 btc @ about 80 euro I think I paid for them today.
hero member
Activity: 898
Merit: 1000
If MT. Gox is insolvent, you probably wont get back any coins or any USD.

If they are solvent, would you rather get back USD or 1BTC per 200 USD?
sr. member
Activity: 348
Merit: 251
Well good news from Mt.gox....
sr. member
Activity: 338
Merit: 253
Uh, what else could you do with it? Buy Mark back massage gift certificates?
sr. member
Activity: 364
Merit: 257
it is gambling, the price is currently high for gambling, i would consider gambling with the price below 100
newbie
Activity: 8
Merit: 0
I would not gamble with them too much..
legendary
Activity: 2674
Merit: 2965
Terminated.
Chill out. You will profit by holding.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Bought up the coins.....fingers crossed.

good luck you gambler  Tongue
member
Activity: 93
Merit: 10
is it posssible to deposit fiat into mtgox?
legendary
Activity: 2674
Merit: 2965
Terminated.
The price is low enough.
sr. member
Activity: 364
Merit: 250
Do it, the next spike is expected in 2-4 months
sr. member
Activity: 348
Merit: 251
I mean surely if I can't get my bitcoins then I can't get my cash.

Any opinions appreciated.

Thanks.

Can I ask you, why you still haad fonds on Gox, when you knew they had withdrawal problems all the time?

It takes a while to get them out...
legendary
Activity: 1358
Merit: 1000
Hold like its better than Gold, obvious ploy to get people to sell, as long as it has the most powerful computer network protecting it I wouldn't be selling anytime soon.
newbie
Activity: 14
Merit: 0
Bought up the coins.....fingers crossed.

I hear you can sell the coins for real btc on bitcoin builder and double your money.
I'm pretty sure you can.


http://www.reddit.com/r/Bitcoin/comments/1yh9mr/are_your_usds_stuck_on_mtgox_congratulations/

Uh huh. That's where I read it too. But I also read on bitcoin markets sub reddit that bitcoin builder was down or no longer functional. The OP will have to try it and let us know how it goes.
Well, It is online AFAIK.

https://www.bitcoinbuilder.com/
hero member
Activity: 546
Merit: 500
hm
I mean surely if I can't get my bitcoins then I can't get my cash.

Any opinions appreciated.

Thanks.

Can I ask you, why you still haad fonds on Gox, when you knew they had withdrawal problems all the time?
legendary
Activity: 3696
Merit: 1584
Bought up the coins.....fingers crossed.

I hear you can sell the coins for real btc on bitcoin builder and double your money.
I'm pretty sure you can.


http://www.reddit.com/r/Bitcoin/comments/1yh9mr/are_your_usds_stuck_on_mtgox_congratulations/

Uh huh. That's where I read it too. But I also read on bitcoin markets sub reddit that bitcoin builder was down or no longer functional. The OP will have to try it and let us know how it goes.
newbie
Activity: 14
Merit: 0
Bought up the coins.....fingers crossed.

I hear you can sell the coins for real btc on bitcoin builder and double your money.
I'm pretty sure you can.


http://www.reddit.com/r/Bitcoin/comments/1yh9mr/are_your_usds_stuck_on_mtgox_congratulations/
legendary
Activity: 3696
Merit: 1584
Bought up the coins.....fingers crossed.

I hear you can sell the coins for real btc on bitcoin builder and double your money.
b!z
legendary
Activity: 1582
Merit: 1010
r.i.p. OP's money
sr. member
Activity: 348
Merit: 251
Bought up the coins.....fingers crossed.
hero member
Activity: 784
Merit: 512
tough call - depends how much - probably BTC is the way - dunno really
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
It's a risk and you could lose either way. I'd probably take the gamble on the cheap coins.
sr. member
Activity: 406
Merit: 250
I would when the btc are cheap. Then first time you are able to withdraw get your btc and run to some other place. If you have a lot of money with them maybe it would be better not to spend it all.
sr. member
Activity: 364
Merit: 253
Just grab the coins all out. At least you have it at a very good rate. Hopefully you would just keep BTC and not dump it right away when it clears the house. This way, it helps the ecosystem. Maybe a few mBTC on every other day is still healthy and not a lump sum.  Grin
copper member
Activity: 2898
Merit: 1465
Clueless!
I mean surely if I can't get my bitcoins then I can't get my cash.

Any opinions appreciated.

Thanks.

from what i understand the price is so low because people are trying to get $$$ for their in house gox bitcoin ...ie if www.mtgox.com
goes under you may get your $$$ back or partial but not clear if bitcoin is considered "real money" so that would be a complete loss

(in other words gox could declare they have 20mil in debts (currency) and just blow off the 300 million in bitcoin ..in that bankruptcy
laws would consider that monopoly money and not covered

frack ..that is what they are probably arranging with their lawyers as we speak

i've no idea don't have any money in gox myself (have a verified account thou) so no idea what you should do

but that is why the price is so dang low concerns about the above i've seen on other threads

good luck hopefully it will all work out

Searing
legendary
Activity: 1022
Merit: 1000
yea man buy up dem cheap coins! they will open doors soon. have faith in mtgox
Same here
sr. member
Activity: 397
Merit: 350
yea man buy up dem cheap coins! they will open doors soon. have faith in mtgox
sr. member
Activity: 348
Merit: 251
I mean surely if I can't get my bitcoins then I can't get my cash.

Any opinions appreciated.

Thanks.
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