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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30037. (Read 26720652 times)

legendary
Activity: 2604
Merit: 1748
If an exchange's outstanding obligations (the sum of its client's account balances, plus pending bills etc.) are more than its assets (furniture, cash in bank, and coins in wallet), why would anyone want to buy it?

Reputation (lol), contacts/customers and a platform that has been mostly proven and is up-and-running.

There may be buyers for their physical assets including computer hardware and software.  That may be worth a couple million US$ at most. However, no one will want to inherit their client accounts, since they are not assets but debts. I would guess that the sum of all account balances (coins and cash that they owe to their clients) is much more  than 100 million US$.  Do they have that much in their bank and wallet?

I have pennies in my account. If a credible operator took over, there would be tens of thousands in it. I am not alone by a long shot. We would be trading, generating commissions and fees. We only left because we had to. There is still a big demand for an exchange other than stamp that can handle big volume. it would be a tremendous opportunity for someone who could recapitalize Gox. Recapitalization will take only a few million. Gox could be a billion dollar company if the operator got his act together.


+1

Rover was bought by BMW with massive debts and they only wanted the Mini brand. VW bought Skoda, which was considered a joke at the time.  Gox is still the legacy 'headline exchange' that the media uses for the actual benchmark price when an ATH is hit.

It would be recoverable very quickly and the cash in need only be enough for sufficient liquidity and a guarantee of safe withdrawal.

I always traded there rather than Stamp until recently, even though Stamp was my first exchange.

In BTC things move so fast I think this is absolutely right - Gox would be back real fast.   Imagine if money stepped in, and promised secure withdrawals.
legendary
Activity: 2604
Merit: 1748
Hi All,

I've enjoyed the forum for the last month or so since I started buying BTC.  Just wanted to join in hopes ShroomsKit would put me on ignore.  Cheers!

Don't worry, he'll spot you - by now he probably only sees chart buddy and two other posters when he logs in.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 308
Merit: 250

average of bitstamp and btce is as close as anyone could get. $801 at the time of this post.

+1,

If you want a quick price to go by I would say the bitstamp price.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
So... at the present time, is there ANY market that can be regarded as a credible source for the market price of Bitcoins, free of price manipulation by bots, falsified trading figures, or failure to honor transactions by actually paying the customer?

What IS the real price of Bitcoin nowadays?

average of bitstamp and btce is as close as anyone could get. $801 at the time of this post.
full member
Activity: 378
Merit: 100
So... at the present time, is there ANY market that can be regarded as a credible source for the market price of Bitcoins, free of price manipulation by bots, falsified trading figures, or failure to honor transactions by actually paying the customer?

What IS the real price of Bitcoin nowadays?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2156
Merit: 1070
Hi All,

I've enjoyed the forum for the last month or so since I started buying BTC.  Just wanted to join in hopes ShroomsKit would put me on ignore.  Cheers!

Welcome.
full member
Activity: 140
Merit: 100
Just wanted to join in hopes ShroomsKit would put me on ignore.  Cheers!

Most probably this had just happened.  Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
member
Activity: 150
Merit: 10
Hi All,

I've enjoyed the forum for the last month or so since I started buying BTC.  Just wanted to join in hopes ShroomsKit would put me on ignore.  Cheers!
hero member
Activity: 910
Merit: 1003
Quote
While Mt. Gox has continued to process American transactions [...], it has been slow to deliver withdrawals and has from time to time suspended them.
The company has blamed the slowdowns on technical measures and implemented new techniques to boost performance.
Date: August 19,2013.
http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-funds-from-mt-gox-court-docs-show/
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 924
Merit: 1000
Has the gov still not released the Gox funds from months ago?

You mean the funds Homeland Security seized from their Dwolla account last summer? Probably not. I had some cash tied up in that (talk about your bad timing); fortunately Gox credited my account anyway.
sr. member
Activity: 378
Merit: 250
Has the gov still not released the Gox funds from months ago?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
for when bitwisdom get so  slowwwwww .....

http://blocks.wizb.it/

Beware, I tried to zoom OUT and instead it suddenly zoomed in so much that my PC froze and I had to reboot.
sr. member
Activity: 378
Merit: 250
for when bitwisdom get so  slowwwwww .....

http://blocks.wizb.it/
hero member
Activity: 910
Merit: 1003
In the UTC day that just ended (Tuesday Feb/04 UTC), China's volume was another record low,  ~33 kBTC; even lower than on New Year's (Fri Jan/31).

Exchanges outside China, on the other hand, did slighlty better than the last two days, at ~22 kBTC.  However they too have been feeling the effects of the extended Cinese holidays: their volumes since Fri Jan/31 have been less than half of the average in the previous week.

The "experiment" of the Chinese New Year holidays seems to show that the daily volume at the exchanges outside China is largely determind by that of the Chinese exchanges, specifically Huobi and OKCoin.  See the plots below.




legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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