What happens when Gox goes down / hits $0?

sickhouse

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Quote from: windjc on February 22, 2014, 03:00:16 AM

Quote from: sickhouse on February 22, 2014, 02:53:05 AM

Should we stand ready with large buy orders? Because it will happen, Gox is done there is no turning back now after the video where he just ignored the guys who travalled from London (heroes). Fat fuck (no offense against fat people) hope you burn for how you solved this. Gox had sick fee's, he can pay back the people who got most hurt at least...

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

IN YOUR FACE HAHAHAHA! No but sorry if you lost money and what you wrote was just happy thinking.

porcupine87

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hm

Quote from: Le Happy Merchant on February 22, 2014, 08:48:40 AM

Quote from: windjc on February 22, 2014, 03:00:16 AM

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

The trust is gone, nobody will use Gox after this.

Where was the trust the previous half year. Fiat withdrawals 4-6 weeks? I cannot believe why people still used this exchange. Ok one good explaination could be the price premium. If you wanted to get out fonds it would have cost you 10%-15%. So instead of that you could speculate that Gox will fix the fiat withdrawals. (but there were a few days on which the stamp price was the same).

Le Happy Merchant

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Quote from: windjc on February 22, 2014, 03:00:16 AM

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

The trust is gone, nobody will use Gox after this.

porcupine87

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Activity: 546

Merit: 500

hm

Quote from: HairyMaclairy on February 22, 2014, 07:48:06 AM

I would not be surprised if there were currently 14 million+ Gox coins in circulation.

Is there any site that shows the complete ask depth at Gox? All I can find is Gox has 550k coins to $168 which is not out of the realm of possibility but still.

*serious question who wants to go around and add up the ask books of all exchanges and compare it to the 11.5 million coins in existence. Might get a very interesting number. I might ask Jorge he would love that.

http://bitcoin.clarkmoody.com/
-> Show controls + group price

But you can only see the coins or dollars, which are in buy or sell orders.

HeliKopterBen

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Quote from: porcupine87 on February 22, 2014, 07:43:52 AM

Quote from: HeliKopterBen on February 22, 2014, 07:28:55 AM

Currently, It would take 34 million bitcoin to reach a price of 0 and empty the bid side of the order book on mt gox. That's obviously impossible. A LOT of orders need to be pulled for a price of 0.

Yes. Because the buy order at 0.00001$ for 30Mio. btc matters. For the level of 25cents you have 230 000btc.

You have at least 43 000btc on gox in sell orders. (13 000btc above 1000$). If all of them get sold, you get a price of 25$.

Just saying the price is not going to 0 like this thread suggests.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

I would not be surprised if there were currently 14 million+ Gox coins in circulation.

Is there any site that shows the complete ask depth at Gox? All I can find is Gox has 550k coins to $168 which is not out of the realm of possibility but still.

*serious question who wants to go around and add up the ask books of all exchanges and compare it to the 11.5 million coins in existence. Might get a very interesting number. I might ask Jorge he would love that.

TERA

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Unless gox has devolved into a game that you are playing against Mark which you cannot win. Someone on here said they wouldn't be surprised to see all 32M of bids on the order book filled.

porcupine87

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hm

Quote from: HeliKopterBen on February 22, 2014, 07:28:55 AM

Currently, It would take 34 million bitcoin to reach a price of 0 and empty the bid side of the order book on mt gox. That's obviously impossible. A LOT of orders need to be pulled for a price of 0.

Yes. Because the buy order at 0.00001$ for 30Mio. btc matters. For the level of 25cents you have 230 000btc.

You have at least 43 000btc on gox in sell orders. (13 000btc above 1000$). If all of them get sold, you get a price of 25$.

HeliKopterBen

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Currently, It would take 34 million bitcoin to reach a price of 0 and empty the bid side of the order book on mt gox. That's obviously impossible. A LOT of orders need to be pulled for a price of 0.

Wilhelm

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Quote from: windjc on February 22, 2014, 03:00:16 AM

Quote from: sickhouse on February 22, 2014, 02:53:05 AM

Should we stand ready with large buy orders? Because it will happen, Gox is done there is no turning back now after the video where he just ignored the guys who travalled from London (heroes). Fat fuck (no offense against fat people) hope you burn for how you solved this. Gox had sick fee's, he can pay back the people who got most hurt at least...

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

Love the word joke Cheesy

Peter R

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Quote from: windjc on February 22, 2014, 03:00:16 AM

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

So much truth. So much fail.

luster

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Quote from: sickhouse on February 22, 2014, 03:04:45 AM

Quote from: windjc on February 22, 2014, 03:00:16 AM

Quote from: sickhouse on February 22, 2014, 02:53:05 AM

Should we stand ready with large buy orders? Because it will happen, Gox is done there is no turning back now after the video where he just ignored the guys who travalled from London (heroes). Fat fuck (no offense against fat people) hope you burn for how you solved this. Gox had sick fee's, he can pay back the people who got most hurt at least...

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

Can someone explain why people trade their with their huge fee's? It's beyond me.

Speculation on the most volatile exchange?

sickhouse

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Activity: 490

Merit: 500

Quote from: windjc on February 22, 2014, 03:00:16 AM

Quote from: sickhouse on February 22, 2014, 02:53:05 AM

Should we stand ready with large buy orders? Because it will happen, Gox is done there is no turning back now after the video where he just ignored the guys who travalled from London (heroes). Fat fuck (no offense against fat people) hope you burn for how you solved this. Gox had sick fee's, he can pay back the people who got most hurt at least...

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

Can someone explain why people trade their with their huge fee's? It's beyond me.

windjc

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Quote from: sickhouse on February 22, 2014, 02:53:05 AM

Should we stand ready with large buy orders? Because it will happen, Gox is done there is no turning back now after the video where he just ignored the guys who travalled from London (heroes). Fat fuck (no offense against fat people) hope you burn for how you solved this. Gox had sick fee's, he can pay back the people who got most hurt at least...

Gox is not dead. It's going to rise again to fuck all you motherfu**ers again.

Mark my words. In the next two weeks withdrawals will reopen and despite their horrible customer relations some customers won't leave and they will remain open. And you all will hate them for it. And some of you will trade there again.

sickhouse

hero member

Activity: 490

Merit: 500

Should we stand ready with large buy orders? Because it will happen, Gox is done there is no turning back now after the video where he just ignored the guys who travalled from London (heroes). Fat fuck (no offense against fat people) hope you burn for how you solved this. Gox had sick fee's, he can pay back the people who got most hurt at least...

Topic: What happens when Gox goes down / hits $0? (Read 1270 times)