Would you trade on Mtgox if its back ?

in #bitcoin6 years ago

Mtgox was responsible for 2013 bull run and fiasco of BTC price. Now after years seems they are not bankrupt anymore and have even BCH to pay to their holders and possibly want to come back as a trading place.

If you enter https://www.mtgox.com/ you can see some texts about the current situation in English and Japanese.

I didnt lose cash on Mtgox because i have been using BTC-E (that later got seized by FBI/SEC yet came back as WEX).

They are still alive and i suggest checking this spot especially that it has no ID verification unless you want to use wire transfers.

So question is.. if Mtgox comes back - will you go there ?

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I would probably not use it, and definitely not store funds there for a longer amount of time. I don't really mind giving them a second chance, but now the question is why I should chose them over another exchange without a need for a second chance?

I mean a bad egg is always a bad egg, but who knows it might have a shiny new shell

True. There are very less chances though that MT Gox will again open its doors for investors. They have to attract people by providing some good discounts and offers.

Too many other better exchange choices now for me even to look on there. It had it's day though and boy did it go out with a bang!

Not really ............... I mean I will probably open an account if given a chance and even send over 0.1 ETH to check out the platform but that's probably it.

@hashcash Don't think MT Gox will launh its platform again.

Dude, I'm calling it now. Gox becomes solvent as price goes parabolic, and as they sell off their bitcoin stash is what causes the bubble to pop and give us a new bear market for the next year and a half

Now bitcoin is down very bad time

I would open a account and take a look. You would think if they made a return they would have the best security going around, to give investors some trust in them again. But this is a interesting development.

Nope and they will be flooding the market with bitcoin in 2019 per the lawsuit.

As for Bitcoin cash I said it before and I will say it again. There are millions out there not being used locked up in accounts and exchanges such as this. It is the only reason it has such a high value. As soon as that gets unlocked BCH will crash

Maybe yes I will definitely give them one chance, if life can give you chance then why not I can
Good day dear sir.

No way. They screwed the pooch to severely to even think about it. Unless they do something other than the bare minimum(Two- factor authorization, computational redundancies, etc.), I'm not going anywhere near them

I used Mt Gox quite a bit at the time. Is there a way to check if you had funds on the exchange at time of the collapse? I don’t think I did but can’t be sure as I didn’t keep records at the time.

No, I would never trade on Mtgox, even if it's back again. A long time has passed but still, they are screwing people even now.

Heck no. They did some dirty and very shady things back than. Many of us might not recall exactly the details from those days. Even back than many knew it was risk trusting them with anything.

They would need to change their name.
But still there's other exchanges out there.

They would need to change
Their name. But still there's other
Exchanges out there.

                 - vishera


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An exchange needs trust. They have none.