Topic: I lost 206000 dollars in MTGOX - page 5. (Read 9298 times)
Sorry for your loss I hope we all get our coins back!!!
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
Ha! That'll be the day. Considering our history, though, nothing would surprise me at this point. Between the "leaked document" that is legit, then not legit, then legit again, and all the FUD going around, who the hell knows anymore.
Unfortunately a lot of this has to do with user error. You should never trust your money with a 3rd party that offers no insurance. Especially a 3rd party that has reputation for being problematic.
Chalk it up as a harsh life lesson and in the future if you ever decide to put that amount of money into something, do your homework first. Some google searches and checking on here would have provided you with enough information for you to know how risky gox was/is.
If your money was in say coinbase, you'd still be fine. If you kept your bitcoins in your own personal wallets youd be fine. If you weren't activaley trading then you could have kept your fiat in a bank instead and have been fine.
Anyways lesson learned, try to understand though that bitcoin itself is still strong and fine.
Chalk it up as a harsh life lesson and in the future if you ever decide to put that amount of money into something, do your homework first. Some google searches and checking on here would have provided you with enough information for you to know how risky gox was/is.
If your money was in say coinbase, you'd still be fine. If you kept your bitcoins in your own personal wallets youd be fine. If you weren't activaley trading then you could have kept your fiat in a bank instead and have been fine.
Anyways lesson learned, try to understand though that bitcoin itself is still strong and fine.
My favorite theory is that MtGox recently discovered it is unable to access one or more cold wallets.
That's possible, but the leading theory is still this one:
I don't think they lost 740,000BTC in the sense of "they had it" versus maybe they were selling Bitcoins they never really had in the first place. :-/
The 750k figure is just a ledger number. Has nothing to do with the blockchain.
When you can get $200 / bitcoin its already down out there its $600
You had 200k in Gox before you were even verified?
I got an account verification mail from MTGox 2 hours ago. I think they are alive.
$200k may only mean 200BTC if he had sold at $1000, and 200BTC was not a big deal for someone who started in 2011. It could all be GPU mined in a few months
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 nice keep hoping.
Should have listen to warnings many months ago. Should not keep your bitcoins on the exchange. There is a saying the fool and his money will soon parted.
My favorite theory is that MtGox recently discovered it is unable to access one or more cold wallets. Could be as simple as writing down the wrong case in a password, or more complex like writing the cold storage with old / buggy custom software, and later trying to read it with newer software. Or even simpler like leaving the USB key with 700,000 coins on it at the Starbucks counter. haha.
Anyway, it may be that Mark and co are using this time frantically trying to access the cold storage. Maybe trying password combinations or whatever.
And if they crack that nut.... maybe you'll get your money back.
At least there seems to exist that chance. Maybe cause for hope.
Full theory is here:
http://letstalkbitcoin.com/somethings-not-right-at-gox/
Anyway, it may be that Mark and co are using this time frantically trying to access the cold storage. Maybe trying password combinations or whatever.
And if they crack that nut.... maybe you'll get your money back.
At least there seems to exist that chance. Maybe cause for hope.
Full theory is here:
http://letstalkbitcoin.com/somethings-not-right-at-gox/
You had 200k in Gox before you were even verified?
Yes. That is why I can not withdraw the money. I got an account verification mail from MTGox 2 hours ago. I think they are alive.
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.
I don't... but I don't see how he's not gonna end up either arrested or dead if this doesn't get fixed.
You had 200k in Gox before you were even verified?
I got an account verification mail from MTGox 2 hours ago. I think they are alive.
Given OP's registration date, it's plausible that he had his account open much before MtGox had introduced verification procedures.
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.
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.
I bolded your mistakes
I'm sorry for your loss, but you also didn't put any effort forward to protect yourself from it either. Would you trust ANYONE to hold $206,000 cash for you? (US banks a bit different with FDIC and assuming that the US doesn't completely collapse short term)
Why you would keep that much money online is anyone's guess
I'm sorry that you have to learn your lesson in a hard way.
all peopel who didnt sell thirr mtgox btcs to chinee are idots and deserve their loss
Why the hell would anyone trust Mt Gox after all the issues it had over the years, not just this year?
They've had numerous problems with withdrawing funds, being hacked, losing coins. I thought this was common knowledge in the Bitcoin community?
Hard to feel too sorry for anyone that didn't transfer funds after all the multiple fiascos in 2013:
http://en.wikipedia.org/wiki/Mt._Gox
If you had massive funds in Gox after that historically terrible 2013, you kinda deserve it.
They've had numerous problems with withdrawing funds, being hacked, losing coins. I thought this was common knowledge in the Bitcoin community?
Hard to feel too sorry for anyone that didn't transfer funds after all the multiple fiascos in 2013:
http://en.wikipedia.org/wiki/Mt._Gox
If you had massive funds in Gox after that historically terrible 2013, you kinda deserve it.
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.
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX
WHY???
Because he believes Satoshi is behind gox. What an insult to the genius
I hope you still keep a few coins in your local wallet. Keep them safe. You will be bailed out when it goes above $10000/BTC
I have 206000 dollars in my MTGOX account before Feb.7. These money are sleeping in MTGOX for years. I trust MTGOX
First, I really feel for you, and I understand that you don't want to touch anything Bitcoin again. That is for the emotional part.
That said, the 3 letter word is about that big in my mind when I read you:
WHY???
What made you trust MtGox so much, when they totally lack any kind of financial safety whatsoever, how could you trust them for that much money, and such an extended amount of time?
Didn't you realize that Bitcoin had been partly designed to escape the trust / IOU / FRB / debt / TBTF / private profit, public losses nightmare?
These are truly honest questions, although they may look trollish in the context, but I really want to have a better understanding of how MtGox managed to get that undue amount of trust from major depositors like you.
They didn't even have an interest rate on fiat nor BTC. I genuinely fail to understand the point of leaving money there for so long.
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