Quote from: MAbtc on July 17, 2013, 08:18:38 PM

Quote from: notme on July 17, 2013, 07:09:35 PM

Quote from: Blitz on July 17, 2013, 05:48:15 PM

Having money at MtGox I'm as worried as much as the last time this came up, not at all.

Finally, someone with some sense. It seems like this has become the "MtGox Speculation" forum lately. So many chickens without heads running around.

Indeed. I'm not worried about Gox going belly up. But I am concerned about the perception of prospective depositors. Coming from the online poker realm... the market nosedived when ewallets were cut out, wires became almost non-existent, WU/MG unavailable or with high fees and very low transfer allowances, and companies started taking 8+ weeks to send checks that would bounce on you. Sites couldn't pay out in reasonable time frames with reasonable fees, and new blood became no more. Nothing ever recovers; the US market just perpetually shrinks and the larger networks more exposed to payment processing problems continually lose market share. My experience is that depositors want to go where liquidity is, and are inherently distrustful of companies with small market share. Often the big sites are viewed as the only options.

The other thing that I learned from that experience, and from the last time this happened -- if Gox can't pay out its customers due to payment processing issues, $1 Gox < $1... propping up BTC.

And that's why this whole thing is very bearish on a timescale of weeks/months. You erode the trust in the market leader, you will have eroded trust in the whole sphere.