If you're considering gambling on goxcoins, the time is near. They're down to .10 each on bitcoinbuilder.

Obviously, don't spend more than you can afford to lose. http://www.coindesk.com/japan-regula...tion-unlikely/

haha wizardly...nice. Can't argue with anything you said, and in all likelihood Gox is the Titanic - but they can't just take the money and run after the ship goes down, we can see they have the lifeboats.

My argument here certainly is not that throwing money at Gox is a good investment - just that this issue is not black and white that they are DEAD as the OP suggests..lot's of grey area still.

.075 now

I'm in. Hopefully the site comes back up :)

HOLE E shit - this is getting crazy - Gox holders and running scared now.

GOX DOWN!!!


Yessssss

get ready boys

So yes... It's dead.

Wonder why they've recently acquired http://gox.com.

Cache shows it was for sale on Feb. 18. http://webcache.googleusercontent.co...://www.gox.com

their site is blank, twitter posts removed... If bitcoin prices holds relatively strong after this it will be a sign of its strength.

Looks like their plan is to re-launch as Gox.com soon - I hope they just kick the bucket...

This could soon be the sub 200 buy we've been waiting for though...fingers crossed

http://www.neowin.net/news/leaked-do...exchange-mtgox

I can buy that, but the grey is being chased away by black every minute that passes. I rolled the dice on 35 coins when they hit $150, but I planned to lose it, like at a casino.

Will be interesting to see where that goes - keep us informed, good luck with that play. I hope the dice roll your way.

Was only $5k, that's just a couple of days worth of mined Dogecoins, hehe .. but the upside was high (as was the risk), so it was an interesting gamble.

Tonight, I'm brewing coffee, and will be placing orders all the way down: $450, $425, $400, and below, just a few coins each order (but more coins per floor it crashes through). The lower it crashes, the more BTC I'll end up with. Exciting times, money to be made!

Interesting joint statement from the other industry players:

http://blog.coinbase.com/post/777668...egarding-mtgox

Yea looks like they've been planning this move to gox.com for a while but probably didn't anticipate this joint statement by other industry heavies and being booted off the board. Looks like a coordinated preemptive strike to stop them from reforming under a new CEO. Their cred is fucked now regardless if people get payed.

Been hoping for this day to come for a long time - seemed like a dream when we hovered over 900 for a month...might see 250 or lower from this dip...who knows might be the last time.

Gox seemed like the last weak link so it could be all uphill from here.

If it hits $250, I'll be liquidating silver (up to $22!) and securities to go even heavier. I don't expect $250, but the $300's aren't out of the question, IMO.

I think it is worth going back in with some of the money I made selling at 859 or so.

My schadenfreude is kicking in... was getting bored.

it held 400 for now

http://arstechnica.com/business/2014...ge-shuts-down/

"As of late Monday evening, the embattled Bitcoin site Mt. Gox appears to have pulled the plug entirely in the wake of sustained DDOS attacks and the “transaction malleability” problem that has plagued other websites. The site is gone and the company’s Twitter account appears to have been erased entirely."

Interesting reading.

You guys think this is real?

its happening http://boards.4chan.org/pol/res/26937049

Pure bullshit :mad:

Guy lost 4700 btc

http://www.reddit.com/r/Bitcoin/comm..._did_you_lose/

:1orglaugh:Oh crap:disgust:mad:

Boom 350m heist
http://www.wired.com/wiredenterprise...-gox-implodes/

I am sure the gox guy can pay back 350 million dollar to users, right?

He doesn't have GOX isn't dead, the bitcoins are in motion.

"Bitcoin exchange Mt. Gox disappears in blow to virtual currency"


http://news.yahoo.com/bitcoin-exchan...1--sector.html


.

So New XTC... Did you lose all of your life savings or did you migrate away from GOX yesterday like you were told to?

In like Flynn.
Keep your eye on BTC price here.
Winklevoss Index

neat site, was using this bitcoinity.org/markets but that winkdex looks nicer

That's actually a pretty shrewd business tool for the Winklevi twins, lets them establish themselves in the market as an actual legitimate source of pricing so that later on they can raise the price of the BTC they own based on the figures they use on their own index.

lose money? I didnt lose one red cent - Ive been the most vocal about wanting to see this happen all along. I've been rooting for the demise of Gox for a long time and just been looking for ways to capitalize on it. Once again you show you know nothing of the situation with your "migrate" comment - few people have even been able to get large buys on BTCbuilder for the last few days. Why don't you study up and post more when you know more.

This is a great day for me and my partners...unlike you I don't claim to be able to predict the future and I don't jump the gun with rash false statements...even still you are claiming all the people with holdings in Gox have "lost" their money. Gox still has 10's of millions of dollars and thousands of coins left...we will see if it all evaporates or how many people get payed, but claiming to know what will happen, well I leave that to the soothsayers and dumbfucks.

Many holders are dropping them like crazy right now. Our BTC sales are going through the roof the past few days. Seems a lot of people want to get rid of them.

Don't Say I Didn't Warn You
 

You can't sell an item at $1 when you pay $1000 for it.

My Posts

4/12/2013
Surprised no one has figured out Bitcoins yet

Banks take in deposits in dollars, say $100 they only have to pay out $100 USD when the customer wants his money back. Banks are required to keep 10% of the deposits. The rest they lend out in loans. If they need more than 10% on any given day, the Federal Reserve gives them a short-term loan. So banks never run out of money. It has happened a few times, but with FDIC insurance the depositors get all their money back.

MTGOX claims to trade 80% of all bit coin trades. The problem is when they sell Bitcoins they need to keep 100% of the sales as reserves. They do charge fees, but the fees alone probably don't cover their overhead and salaries. So even it Bitcoins remained at a stable price they probably couldn't refund customers at 100%.

Since Bitcoins fluctuate in price, that's what going to jam MTGOX up. They started out selling Bitcoins at just a few pennies. Lately Bitcoins have been over $100. It's difficult to sell a product for a few dollars and buy it back for hundreds. That's impossible. Only way they can stay afloat is to constantly bring in new customers paying ever increasing prices.
Normally that business model is called a Ponzi scheme.
The only other thing that could save the day is Bitcoin buyers actually buy goods and services from other customers but it looks like that's a small percentage of Bitcoins.


1/2/2014
BitCoin = Fail

Study
Gresham's Law
However, the greatest threat to BitCoins is it's own success. The more valuable it becomes, the more hackers will come after it. It's been hacked, it will be again.


2/8/2014

Who has the hot potato last

There's the optimistic view

http://www.newscientist.com/article/...l#.UvcT61OScjV

Then there is the technical issues

http://www.newscientist.com/article/...l#.UvcT_VOScjW

But the $250 drop this week. As I said before, MTGOX has to keep market stability. They can, if buyers outpace sellers. However, if sellers overwhelm buyers, MTGOX has to draw against their dollar balances. Since Bitcoin has skyrocketed, MTGOX has too little cash to cover Bitcoins purchased at $.10 to $600 and have to redeem at $700-1100.
Same thing happened to the US Treasury in the 60-70's when they couldn't redeem dollars for gold fast enough. This is Bitcoin's problem.
In a stable market, all works well. In an extremely volatile market great fortunes and and poverty can be the result.
Market imbalance is one of the major causes the cash of '29.

And the hoax goes on ...

Which is why its good to be rid of MTGOX they have been the single cause of the instability in BTC, now they are gone, the prices will slowly start to rise again and stabilize.

Interesting news

It is interesting to read the opinions of people about Bitcoin. About 3 or 4 words in you immediately realize they have no idea of what they are talking about. I guess if people are not interested in investing in cryptocurrency, they have no interest in educating themselves about it, but that does not stop them from giving their opinions regardless of fact. There are those that will make money on this and those that won't. If you are not interested in making money with Bitcoin, what is your opinion worth? Do you actually think it is going to go away?

lol redit is such fun:

:1orglaugh:1orglaugh:1orglaugh

Thanks for the lolz, funniest post of the morning.

"Since Bitcoins fluctuate in price, that's what going to jam MTGOX up. They started out selling Bitcoins at just a few pennies. Lately Bitcoins have been over $100. It's difficult to sell a product for a few dollars and buy it back for hundreds. That's impossible. Only way they can stay afloat is to constantly bring in new customers paying ever increasing prices.
Normally that business model is called a Ponzi scheme."

wow you are one uninformed motherfucker Sunny Day - its an exchange - other customers buy and sell to each other...jesus christ...do you wear a helmet when you walk in the park?