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Topic: I lost 206000 dollars in MTGOX (Read 9298 times)

jml
full member
Activity: 238
Merit: 100
March 01, 2014, 05:19:20 PM
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX & Bitcoin foundation very much. I thought Satoshi is behind MTGOX. (I think I am a idiot!!)

After a serials of good news and bad news and the market manipulation in these dark days, my balance is slim to 64000 dollars. I finally decide to retrieve the money via Bitcoin builder. I bought 320 btc at 200 in MTGOX. MTGOX suddenly shut down when I am withdrawing the bitcoin!

I think all the money are gone. All I want is putting Mark Karpeles to the jail. I do not trust Bitcoin again. Cry Cry Cry

A wise man once told me, never put all your eggs into one basket. Now I am offering you the same advice. Cheesy

Just be thankful Bitcoin isn't regulated otherwise you would have lost a lot more than $206,000.



Very true, never put all your investment in one basket, hedge them in lower risk strategies.
jml
full member
Activity: 238
Merit: 100
March 01, 2014, 05:16:37 PM
Guide to Affected People in order to take a common position at
http://affectedmtgox.blogspot.com.es/p/blog-page_9078.html

Caveat emptor
jml
full member
Activity: 238
Merit: 100
March 01, 2014, 05:14:12 PM
I didn't fully trust Mtgox fully at first which is why I opted to hedge 50% of my bitcoins instead of going 100% for HFT in gox. I did lose out a fair amount which was around 9BTC which was done when the prices where going low but now I am amongst with many in the same boat that might never see their bitcoins or fiat again.

I posted an issue regarding mtgox's collapse and how other exchanges work (proving full reserve instead of fractional reserve) as we might see in the future that other exchanges will collapse if they can't prove the funds that they have and have funds missing. So for now, I reckon cold storage and face to face trading within my community will be the safest option for now until safer exchanges ring fence users wallets.
member
Activity: 104
Merit: 10
March 01, 2014, 05:04:37 PM
Guide to Affected People in order to take a common position at
http://affectedmtgox.blogspot.com.es/p/blog-page_9078.html
legendary
Activity: 1330
Merit: 1000
dafar consulting
March 01, 2014, 04:16:12 PM
So if the coins do not get recovered... there will only be ~20 million total coins now, right? Because supposedly the 700k coins are 'lost'

Does lost mean hackers have it, or they the coins are in limbo and unattainable?


If they are truly gone then shouldn't remaining coins increase a bit in value?
full member
Activity: 182
Merit: 100
March 01, 2014, 04:09:23 PM
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX & Bitcoin foundation very much. I thought Satoshi is behind MTGOX. (I think I am a idiot!!)

After a serials of good news and bad news and the market manipulation in these dark days, my balance is slim to 64000 dollars. I finally decide to retrieve the money via Bitcoin builder. I bought 320 btc at 200 in MTGOX. MTGOX suddenly shut down when I am withdrawing the bitcoin!

I think all the money are gone. All I want is putting Mark Karpeles to the jail. I do not trust Bitcoin again. Cry Cry Cry

Since you obviously have a gambling streak in you, why don't you take that 64k and split it up into like 20 equal parts and invest each in new altcoins as they hit the market, when you can buy them for a few satoshis apiece. Hold them for a few months, then sell when they go up in value a lot. Some will, some won't, but you could easily make several times your investment.
legendary
Activity: 1036
Merit: 1001
/dev/null
March 01, 2014, 01:33:48 PM
#99
uhh, this is hard pill to swallow, be strong dude.(
hero member
Activity: 630
Merit: 501
February 28, 2014, 11:38:37 AM
#98
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX & Bitcoin foundation very much. I thought Satoshi is behind MTGOX. (I think I am a idiot!!)

After a serials of good news and bad news and the market manipulation in these dark days, my balance is slim to 64000 dollars. I finally decide to retrieve the money via Bitcoin builder. I bought 320 btc at 200 in MTGOX. MTGOX suddenly shut down when I am withdrawing the bitcoin!

I think all the money are gone. All I want is putting Mark Karpeles to the jail. I do not trust Bitcoin again. Cry Cry Cry

A wise man once told me, never put all your eggs into one basket. Now I am offering you the same advice. Cheesy

Just be thankful Bitcoin isn't regulated otherwise you would have lost a lot more than $206,000.

member
Activity: 93
Merit: 10
February 28, 2014, 11:06:28 AM
#97
I agree with you. In fact, I have decided to create a platform of people affected to help each other and study our options to recover our Bitcoins.
http://affectedmtgox.blogspot.com.es/


If the GOX lost the money, it's useless to sue, everyone will get like 10 dollar damages. I posted up a much better plan (the reddit and facebook links) which has a much better chance to recover ALL.
sr. member
Activity: 281
Merit: 250
February 28, 2014, 03:47:37 AM
#96
I hope all Bitcoins users will bounce back after the fall that caused its value to collapse, this crisis would lead to better security on sites where Bitcoins are bought and sold.
member
Activity: 104
Merit: 10
February 27, 2014, 11:56:12 PM
#95
Man, hire a lawyer while he still has money and btc/properties. Once he has nothing left you can't do shit. Those who do it first will receive their money back, don't wait, it is a lot of money.

I agree with you. In fact, I have decided to create a platform of people affected to help each other and study our options to recover our Bitcoins.
I have contacted lawyers and I am waiting to receive the conditions to proceed with this issue legally.
The Platform is avaible in English and Spanish. We want to adopt a international common position in order to give our possible claim a significant weight.
You can visit us at:
http://affectedmtgox.blogspot.com.es/
sr. member
Activity: 364
Merit: 257
February 27, 2014, 08:54:45 PM
#94
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX & Bitcoin foundation very much. I thought Satoshi is behind MTGOX. (I think I am a idiot!!)

After a serials of good news and bad news and the market manipulation in these dark days, my balance is slim to 64000 dollars. I finally decide to retrieve the money via Bitcoin builder. I bought 320 btc at 200 in MTGOX. MTGOX suddenly shut down when I am withdrawing the bitcoin!

I think all the money are gone. All I want is putting Mark Karpeles to the jail. I do not trust Bitcoin again. Cry Cry Cry

Man, hire a lawyer while he still has money and btc/properties. Once he has nothing left you can't do shit. Those who do it first will receive their money back, don't wait, it is a lot of money.
legendary
Activity: 1330
Merit: 1000
dafar consulting
February 27, 2014, 07:30:43 PM
#93
To be fair I really don't think he stole the bitcoins, I have a feeling people will get it back and it'll be a nice surprise for everyone

Wishful thinking but unless you know something we don't, this is pretty fucking remote at this point.

Its called DENIAL ...he was in so deep that he could not contemplate the reality

Its the same with Nigerian Prince 419 SCAMS ..they keep sending money because to face reality is too painful

... THIS FRAUD is the second largest in history... KARPELS needs to goto jail !!!


Yeah except, I've never used MtGox
sr. member
Activity: 294
Merit: 250
February 27, 2014, 05:27:07 PM
#92
To be fair I really don't think he stole the bitcoins, I have a feeling people will get it back and it'll be a nice surprise for everyone

Wishful thinking but unless you know something we don't, this is pretty fucking remote at this point.

Its called DENIAL ...he was in so deep that he could not contemplate the reality

Its the same with Nigerian Prince 419 SCAMS ..they keep sending money because to face reality is too painful

... THIS FRAUD is the second largest in history... KARPELS needs to goto jail !!!

My god your right according to forbes.com only Enron outdid him. If it is in fact fraud that is and only time will tell.
hero member
Activity: 574
Merit: 500
February 27, 2014, 05:09:06 PM
#91
I hope you do not open e-mail from people in Africa.

STAPH ..this is a sure fire way to recoup his loses ....419 oppurtunitys and nigerian princes may need the use of his GOX coinz  ..lolz
hero member
Activity: 574
Merit: 500
February 27, 2014, 05:06:56 PM
#90
To be fair I really don't think he stole the bitcoins, I have a feeling people will get it back and it'll be a nice surprise for everyone

Wishful thinking but unless you know something we don't, this is pretty fucking remote at this point.

Its called DENIAL ...he was in so deep that he could not contemplate the reality

Its the same with Nigerian Prince 419 SCAMS ..they keep sending money because to face reality is too painful

... THIS FRAUD is the second largest in history... KARPELS needs to goto jail !!!
full member
Activity: 210
Merit: 100
February 27, 2014, 04:51:25 PM
#89
Sorry for loosin So much money
newbie
Activity: 12
Merit: 0
February 27, 2014, 04:31:37 PM
#88
To be fair I really don't think he stole the bitcoins, I have a feeling people will get it back and it'll be a nice surprise for everyone

That would be called the "Miracle of the bitcoin" and be written into the history books.
sr. member
Activity: 264
Merit: 250
February 27, 2014, 04:10:20 PM
#87
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX & Bitcoin foundation very much. I thought Satoshi is behind MTGOX. (I think I am a idiot!!)

After a serials of good news and bad news and the market manipulation in these dark days, my balance is slim to 64000 dollars. I finally decide to retrieve the money via Bitcoin builder. I bought 320 btc at 200 in MTGOX. MTGOX suddenly shut down when I am withdrawing the bitcoin!

I think all the money are gone. All I want is putting Mark Karpeles to the jail. I do not trust Bitcoin again. Cry Cry Cry

Umm... Sounds almost that you got what you was looking for. This is of course sadly for everyone who lost something and generally for Bitcoin. But... why in the hel* keep so big amounts on third party accounts? Only reason for that would be extensive trading... I learned that with bitcoin24.de shutdown and bitcoin-central.net hack.
full member
Activity: 182
Merit: 100
February 27, 2014, 04:05:09 PM
#86
Why people trusted that chode is beyond me, he looks like a supervillian in the making.
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