2. Hold them until another exchange takes over
3.
4. Profit!!!
Topic: What happens if Mt. Gox suddenly goes away? - page 2. (Read 1095 times)
1. I would there buying cheap coins
2. Hold them until another exchange takes over
3.
4. Profit!!!
2. Hold them until another exchange takes over
3.
4. Profit!!!
Better for them, because I don't like Mtgox at all. BTC-E hope it would dominate over mtgox.
Price plummets, below $10 I expect. Then BTC-E rises and slowly the price restores itself.
We celebrate and start using better exchanges?
We'll all organise a party, get some pizza's in and buy/sell from a better exchange.
This ^^^
I expect an invite to this party btw.
+1 to what everyone is saying.
I think at first the price would tank but it would recover quickly as people switch to rival exchanges.
Didn't Max Keiser recently state on his show he was trying to set up a Bitcoin exchange in London, England. This I think will be opposed by the City of London banking cartel, but I think he will do it somewhere.
We'll all organise a party, get some pizza's in and buy/sell from a better exchange.
The price would probably get killed since it's the number one exchange, but it is still a 3rd party, I'm sure another would pop up (or one existing one would get more customers) and it would restabilize
Say the U.S. government is not happy with Mt. Gox's response to the "Dwolla lesson." Not happy with Mt. Gox continuing to face U.S. citizens with a non-FinCen compliant exchange that "handles over 80% of all Bitcoin trade." Say they take the next step and go after Mt. Gox directly. Freeze its assets, domain, issue warrants, go after any business using them to offer goods or services using BTC, etc. Full blown all out campaign to stop Mt. Gox's ability to function at all. What happens to Bitcoin?
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