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Mt. Gox Impact Diminishes as Market Price Dissociates

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Re: Mt. Gox Impact Diminishes as Market Price Dissociates

#3

Post by rdmcfee »

The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals.

I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.

Re: Mt. Gox Impact Diminishes as Market Price Dissociates

#6

Post by kolev »

rdmcfee wrote: post #3

The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals. I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.

The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably have happened. This clearly proves that Bitcoin and especially exchanges should be heavily regulated. People have lots millions of dollars due to the games Mt.Gox is playing with them - in a normal market, they would be jailed and jailed hard. Similar story with BitSpend, all the Bitcoin gambling sites, honest Ponzi sites like (ponzi.io), and similar - there are horror stories over at Reddit and Bitcoin Forums of people losing their last penny trying to recover from the price drop by gambling. I am sorry, but Bitcoin really is a criminals' sandbox recently! It's a good piece of technology in the wrong hands!

Re: Mt. Gox Impact Diminishes as Market Price Dissociates

#8

Post by ChuckMcM »

kolev wrote: post #6
rdmcfee wrote: post #3

The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals. I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.

The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…

Well said. This is the really interesting thing about BitCoin for me, making cryptocurrency work without regulation. I appreciate that folks are trying. It touches on the fundamental difference between so called 'legal tender' and markers for barter.

Re: Mt. Gox Impact Diminishes as Market Price Dissociates

#9

Post by jraines »

kolev wrote: post #6
rdmcfee wrote: post #3

The market is clearly betting against MtGox having a fix soon. Based on this article it seems like their revenues are strong but their customer acquisition and retention will suffer immensely if they don't manage to re-instate withdrawals. I find it hard to imagine that they won't solve the withdrawal concern soon. Especially with today's update.

The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…

People have lost every last penny trying to recover from ______ by gambling
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