What you guys doing when the exchanges DON'T open?
Mining.
Topic: What you guys doing when the exchanges open? (Read 5402 times)
Mining.
What you guys doing when the exchanges DON'T open?
when is the exchange expected to open?
I'd like to buy if the price crashes too low, but I think I only have about $7 left in my account. Pity it takes so long to get money in. I reckon that will exacerbate the fall due to lots of people wanting out, and people not being able to get in fast enough to grab what they see as bargain prices.
If you have a bit of cash in Mt Gox. and some other exchanges, it will be a great opportunity for some arbitrage.
If you have a bit of cash in Mt Gox. and some other exchanges, it will be a great opportunity for some arbitrage.
I'll start buying when all you pussies run away from MtGox and sell out your BTC 
Nothing. I'm just going to watch very closely to see what happens next.
I only just set up a transfer to Dwolla. Hopefully, the price is still super low when the transfer is done so I can buy some coins while they are super low.
You know, there's always the other exchanges.
It will go below 10 easy everyone is going to move away from mtgox for a while the volumes will be low and they will be easily manipulated
Selling my 100btc i had in mtgox at 17, then buying back when the price drops below 10 because of the panic 
Dumping 500 btc at open dark the. Buying back when it crashes lol see y'all at the scrimmage
The same thing we do every night Pinky. Try to take over the world!
Would this be the first Bitcoin bankrun? Exciting!
Something that bitcoin is specifically designed to avoid due to non fractional lending but because mtgox is essentially issuing money because of this rollback it's actually perfectly likely that they don't have the money to back their website.
I agree with you, Unfortunatly, I only have $5.50 in my tradehill account to buy with. I guess I can hope the price falls all the way to .01-.02/btc.
Bet you 30BTC we won't see that
.In the aftermath of the crack, and after being at $10-$12 for a couple of minutes, it even went down to $5. Wouldn't be surprised if it were due to someone with a slow connection, that had pushed the button when the price was at the minimum.
I agree with you, Unfortunatly, I only have $5.50 in my tradehill account to buy with. I guess I can hope the price falls all the way to .01-.02/btc.
Bet you 30BTC we won't see that
. 
Would this be the first Bitcoin bankrun? Exciting!
This all sounds like a bank run. Get your money out while you still can, and leave the poor saps who trust the bank/exchange hanging if they're not quick enough to withdraw. Of course, every user that withdraws their money just pushes MtGox closer to the edge.
MtGox should in theory have 100% coverage for everyone's accounts, but the only way to tell is with publically disclosed independant auditing.
MtGox should in theory have 100% coverage for everyone's accounts, but the only way to tell is with publically disclosed independant auditing.
So after peopl withdrew large numbers of bitcoins to actual tangiable wallet files, you think its fine for mtgox to go "actually none of those transactions ever happened" despite the fact they're now out of pocket because of it?
Mtgox is. Fine and your money is fine up to 1k per day
I'm withdrawing all my money. Mtgox is making good all the transactions which means they potentially don't have the money to pay people if they decide to pull all their money out. You'd be best doing it first to avoid getting screwed over later.
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