Post
Topic
Board Press
Re: 2014-02-25 You are 6% Richer Non-Gox Users bitcoin exchange is at 'turning point
by
Rygon
on 26/02/2014, 18:28:26 UTC
Not quite sure how you worked this out. If 6% of coins were stolen from Gox, they're still very much in circulation. If Gox lost the keys, then you'd be correct.
Depends on what happened to that 6%. I suspect those coins have already left Gox and either were sold on other exchanges or put into long term storage. However, because the market as a whole considered those coins on Gox to be legit up until a week ago, they had been artificially dampening prices, and by much more than 6%. For example, another $10M going into the market would move prices upwards more than they would before because of Mt. Gox. I don't know what the numbers are for coins theoretically available on other exchanges, but I'm guessing none of them were that high.