Post
Topic
Board Service Discussion
Re: MtGox website down. Watch them disappear!
by
superduh
on 20/02/2014, 07:59:41 UTC
Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.


The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

bankruptcy doesn't mean there are actual funds there to "distribute" out. so whoever actually thinks that is just extermely confused about what bankruptcy is

Totally right, but the general legal advice getting handed out is that if things go to court, it's probably going to be easier to get your pennies back than your bitcoins.

advice: "take a guranteed big loss on your position" so if mtgox goes bankrupt you have a 1% chance at recovering 1% of your funds. worst fucking advice. then again that's how lawyers make their money.