bitcoinbuilder is such a fail.
people who wired some fiat to mtgox and were betting against mtgox insolvency...
well, you might have a gambling problem.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29277. (Read 26624193 times)
February 25, 2014, 02:45:56 AM
February 25, 2014, 02:45:56 AM
February 25, 2014, 02:45:43 AM
Definitely some blood in the streets tonight!
February 25, 2014, 02:44:47 AM
is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges 
It would have to....
It would have to....If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work
One of the news articles said Mtgox was declaring bankruptcy... was that verified? or FUD?
FUD, I saw that on a Chinese article or something. Either bad translation, or inaccurate news.
February 25, 2014, 02:44:37 AM
is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges It would have to....
It would have to....If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work
One of the news articles said Mtgox was declaring bankruptcy... was that verified? or FUD?
I believe it was verified. I don't think it stated that it was a certainty, but that it was very probable...(which everyone was already thinking)
February 25, 2014, 02:43:39 AM
The crazy thing is everyone is talking about Stamp...and the volume on Huobi was and is still higher... I didn't see any 2k bitcoin sell offs in one sell order like on Stamp, but on the whole it was moving more weight.
Seems like it has calmed down a bit...did you all buy some more?
Seems like it has calmed down a bit...did you all buy some more?
February 25, 2014, 02:43:08 AM
is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges It would have to....
It would have to....If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work
One of the news articles said Mtgox was declaring bankruptcy... was that verified? or FUD?
February 25, 2014, 02:42:36 AM
My quick calcs on bitcoinbuilder.
Got Assets $33M
Got Liabilities $55M + (740K BTC * $160/coin) = $174M
So liabilities/Assets = 5.3
This means you currently will get 18 cents on the Dollar (with coins at $160/coin - remember they only have 2000 coins )
So looking solely at $ values
So 1 BTC (real value $450) buys 8.3 GoxCoins
8.3 Gox coins has an Gox value of 8.3 * 160 = $1328
However you only get 18cents on the Dollar, so that £1328 is worth $239
So effectively, in todays values, $450 of coins will buy you $239 of Gox insolvency payout.
So assuming there isn't a huge bailout, and using the current assets of Gox, It doesn't make sense to buy bitcoinbuilder goxcoins until they are at least 0.06 - and then you are only going to break even.
Got Assets $33M
Got Liabilities $55M + (740K BTC * $160/coin) = $174M
So liabilities/Assets = 5.3
This means you currently will get 18 cents on the Dollar (with coins at $160/coin - remember they only have 2000 coins )
So looking solely at $ values
So 1 BTC (real value $450) buys 8.3 GoxCoins
8.3 Gox coins has an Gox value of 8.3 * 160 = $1328
However you only get 18cents on the Dollar, so that £1328 is worth $239
So effectively, in todays values, $450 of coins will buy you $239 of Gox insolvency payout.
So assuming there isn't a huge bailout, and using the current assets of Gox, It doesn't make sense to buy bitcoinbuilder goxcoins until they are at least 0.06 - and then you are only going to break even.
February 25, 2014, 02:42:22 AM
is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges It would have to....
It would have to....If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work
It doesn't look real to me, the way it's written doesn't match with being an "internal" document. I'm not saying that perhaps they were planning something along these lines, but I can't see that being an actual internal document.
At this point, people will take some BTC back in small steps over no BTC back.
February 25, 2014, 02:41:24 AM
WOW, bitcoin never disappoints. Action guaranteed. Whatever happens next, it's going to be fun.
this is perfectly fitting
February 25, 2014, 02:40:17 AM
is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges It would have to....
It would have to....If the article werent leaked, maybe. But now, assuming its real, everyone knows their plan.. and it wont work
February 25, 2014, 02:39:33 AM
is it not possible that gox coins do eventually get paid out? According to that leaked document the future plan is to pay everyone back after admitting the losses. Gox could come back now as one of the strongest and most reliable exchanges It would have to....
It would have to.... February 25, 2014, 02:38:03 AM
February 25, 2014, 02:37:54 AM
I HODL'd through the crash from 32
I HODL'd through the crash from 266
How many of you will be able to say,
I HODL'd through the crash from 1200?
I HODL'd through the crash from 266
How many of you will be able to say,
I HODL'd through the crash from 1200?
How many coins would you have had if you sold and rebought instead?
None if he picked the wrong exchange.
February 25, 2014, 02:36:48 AM
What I really want to know is who is still buying thousands of goxcoins at 0.1+ after it already hit 0.07 today. There were even people buying at 0.2, AFTER the news.
February 25, 2014, 02:36:32 AM
February 25, 2014, 02:35:12 AM
I HODL'd through the crash from 32
I HODL'd through the crash from 266
How many of you will be able to say,
I HODL'd through the crash from 1200?
ME ME ME I can:)) But this was my first "bubble" also, I wasn't there for these earlier ones. But I'm also battle toughened after this, maybe can take an advantage of "bubbles" to come in the future. I HODL'd through the crash from 266
How many of you will be able to say,
I HODL'd through the crash from 1200?
February 25, 2014, 02:35:06 AM
Man just woke up to the bad news. So MK is actually running with all the coins/money ??
No one knows. Just speculation for the last hours. The tiered shutdown of Gox isnt reassuring though.
February 25, 2014, 02:34:26 AM
I feel shitty for all the people still sleeping and missing this opperunity.
Guess I feel more sad when I sell my BTC's for $2750,- per coin in 3 months.
February 25, 2014, 02:34:14 AM
Man just woke up to the bad news. So MK is actually running with all the coins/money ??
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