OK - exchanging to BTC and doing a BTC transfer worked. Maybe not in minutes - but in about an hour it was on my MtGox account.
And you eat a lot of profits exchanging on bitcoinica.
Topic: Has anyone received funds from bitcoinica recently? (Read 2735 times)
And you eat a lot of profits exchanging on bitcoinica.
OK - exchanging to BTC and doing a BTC transfer worked. Maybe not in minutes - but in about an hour it was on my MtGox account.
MtGox requires 6 confirmations... this should take an hour.
OK - exchanging to BTC and doing a BTC transfer worked. Maybe not in minutes - but in about an hour it was on my MtGox account.
I have a pending withdraw for MTGOXUSD that has been 2 days, thus far. If I don't see something soon I may have to initiate a wire.
Well they took mine..
OK. I have some BTC bought on leverage - plus the pending withdrawal. Assuming that my marging should cover the BTC at the current price without leverage - how could I withdraw the BTC instead of USD?
Liquidate->Exchange Profits->Withdrawal
As for doing it without losing a few percent, I don't think it's possible.
I've always been able to exchange my margin when the * is up.
OK. I have some BTC bought on leverage - plus the pending withdrawal. Assuming that my marging should cover the BTC at the current price without leverage - how could I withdraw the BTC instead of USD?
Liquidate->Exchange Profits->Withdrawal
As for doing it without losing a few percent, I don't think it's possible.
(you could also reveal al transactions like MtGox - but this is just a side note)
My impression was that this would greatly increase the danger of squeezes, since anyone could calculate how much money a squeeze would cost them.Trades data is not enough to calculate the zhoutong price (and it also does not need to be associated with any account id - just the price and amount).
The last few times I took profit I had to transfer out in BTC instead of USD. Unfortunately Bitcoinica's fees for buying BTC with USD are outrageous. Gotta pay to play.
Yeah I canceled my 4 day pending MtGox withdraw and got robbed on the conversion and then cashed out in BTC in 10 minutes.
The last few times I took profit I had to transfer out in BTC instead of USD. Unfortunately Bitcoinica's fees for buying BTC with USD are outrageous. Gotta pay to play.
OK. I have some BTC bought on leverage - plus the pending withdrawal. Assuming that my marging should cover the BTC at the current price without leverage - how could I withdraw the BTC instead of USD?
Liquidate->Exchange Profits->Withdrawal
As for doing it without losing a few percent, I don't think it's possible.
(you could also reveal al transactions like MtGox - but this is just a side note)
My impression was that this would greatly increase the danger of squeezes, since anyone could calculate how much money a squeeze would cost them.bingo
(you could also reveal al transactions like MtGox - but this is just a side note)
My impression was that this would greatly increase the danger of squeezes, since anyone could calculate how much money a squeeze would cost them.
OK. I have some BTC bought on leverage - plus the pending withdrawal. Assuming that my marging should cover the BTC at the current price without leverage - how could I withdraw the BTC instead of USD?
Fair enough. But what of the OP's question, then? Is there any particular situation currently in play that's preventing payouts? Surely settled client USD aren't counted as part of the reserve...
Mt. Gox withdrawal limit is the only thing right now. Bitcoin withdrawals have always been fine.
look at it from Z's perspective
folks are screaming to be allowed to go long on margin
and screaming for instant access to their fiat
whats he supposed to poop USD out his ass??
I do not use his service, though the show is amusing, but there is no real indication I have seen that he is a bad actor or is ripping anyone off.
You play in the bucket shop and they get low on funds? Cross your fingers and hope they do not fold up altogether.
folks are screaming to be allowed to go long on margin
and screaming for instant access to their fiat
whats he supposed to poop USD out his ass??
I do not use his service, though the show is amusing, but there is no real indication I have seen that he is a bad actor or is ripping anyone off.
You play in the bucket shop and they get low on funds? Cross your fingers and hope they do not fold up altogether.
I remember him claiming many times, in this forum, that bitcoinica is not a bucket shop, but yeah - why should I believe that?
If Bitcoinica is a bucket shop then you'll not see the asterisk and instead we let you buy whatever you want and then dump coins in the market to force liquidate you and pocket all your money.
This is not what it happened. So we are not a bucket shop.
There's no better way to prove it either. We have already disclosed the daily hedging volume.
That's nice (you could also reveal al transactions like MtGox - but this is just a side note). The more important question is - what is the problem with withdrawals!? Why you don't approve them? Is that related to MtGox limits? Or you have mixed client funds with company reserves?
Fair enough. But what of the OP's question, then? Is there any particular situation currently in play that's preventing payouts? Surely settled client USD aren't counted as part of the reserve...
look at it from Z's perspective
folks are screaming to be allowed to go long on margin
and screaming for instant access to their fiat
whats he supposed to poop USD out his ass??
I do not use his service, though the show is amusing, but there is no real indication I have seen that he is a bad actor or is ripping anyone off.
You play in the bucket shop and they get low on funds? Cross your fingers and hope they do not fold up altogether.
folks are screaming to be allowed to go long on margin
and screaming for instant access to their fiat
whats he supposed to poop USD out his ass??
I do not use his service, though the show is amusing, but there is no real indication I have seen that he is a bad actor or is ripping anyone off.
You play in the bucket shop and they get low on funds? Cross your fingers and hope they do not fold up altogether.
I remember him claiming many times, in this forum, that bitcoinica is not a bucket shop, but yeah - why should I believe that?
If Bitcoinica is a bucket shop then you'll not see the asterisk and instead we let you buy whatever you want and then dump coins in the market to force liquidate you and pocket all your money.
This is not what it happened. So we are not a bucket shop.
There's no better way to prove it either. We have already disclosed the daily hedging volume.
just to clarify, I do not use the term disparagingly
I believe there is a place in a free market for bitcoinica's services, I see no indication as yet that Z is operating counter to his client's interests...though that danger is always present
the simple fact that some orders are settled internally without any formal transactions in the underlying makes it a bucket shop under US law, which is fine with me, people are assumed to be adults and nation states and their antiquated legal structures are obsolete
it is a brave new world, all the warning labels and safety restraints have been removed, have fun, play at your own risk
I believe there is a place in a free market for bitcoinica's services, I see no indication as yet that Z is operating counter to his client's interests...though that danger is always present
the simple fact that some orders are settled internally without any formal transactions in the underlying makes it a bucket shop under US law, which is fine with me, people are assumed to be adults and nation states and their antiquated legal structures are obsolete
it is a brave new world, all the warning labels and safety restraints have been removed, have fun, play at your own risk
look at it from Z's perspective
folks are screaming to be allowed to go long on margin
and screaming for instant access to their fiat
whats he supposed to poop USD out his ass??
I do not use his service, though the show is amusing, but there is no real indication I have seen that he is a bad actor or is ripping anyone off.
You play in the bucket shop and they get low on funds? Cross your fingers and hope they do not fold up altogether.
folks are screaming to be allowed to go long on margin
and screaming for instant access to their fiat
whats he supposed to poop USD out his ass??
I do not use his service, though the show is amusing, but there is no real indication I have seen that he is a bad actor or is ripping anyone off.
You play in the bucket shop and they get low on funds? Cross your fingers and hope they do not fold up altogether.
I remember him claiming many times, in this forum, that bitcoinica is not a bucket shop, but yeah - why should I believe that?
Jump to: