i'm just trying to bring some balance to the force.
LOL This trollbox? Good luck.
Topic: Mt.GOX is FINE, BTC HAS NOT 'CRASHED' - page 4. (Read 5251 times)
LOL This trollbox? Good luck.
You have to understand that MtGox has some credibility issues around here due to the fact that when they announced a 2-week "temporary" hiatus on USD withdrawals last June, it turned into many months and very inconsistent withdrawals when they did return.
It seems whales were able to move fiat in and out through sheer volume and paying a premium. Small investors and traders were treated as 2nd-class citizens.
Needless to say, when they recently suspended BTC withdrawals and promised to have things back running in 2 weeks, many people were skeptical.
It seems whales were able to move fiat in and out through sheer volume and paying a premium. Small investors and traders were treated as 2nd-class citizens.
Needless to say, when they recently suspended BTC withdrawals and promised to have things back running in 2 weeks, many people were skeptical.
Sure, understood. I'm not trying to make excuses for Gox - I just think that most of the comments on this forum are waaaay out of balance. Of course it sucks that their withdrawals have had issues. But it doesn't mean they are trying to scam everyone. That's my point.
i'm just trying to bring some balance to the force. I really don't think anyone needs to be afraid that Gox is going to steal their money.
Yes nothing is wrong...yup BTC withdrawals halted...nothing wrong there. 
When you do a withdrawal on a massive website like Gox, it's not the same as simply sending money from your wallet. It's a massive database combined with multiple wallets and cold storage too. To be honest i'm surprised they haven't had to do that before. It is a very complex web application and i am sure they are working very hard to fix the problem.
I don't really get this idea that they are doing it deliberately. Like i said. Why wouldn't they just shut down a bunch of people's accounts and steal their coins - or pretend they got hacked or something - if they wanted to steal coins?
It doesn't make any sense that they would stop withdrawals unless they HAD to - obviously it doesn't look good. They wouldn't do it unless their really was a technical hitch.
LOL! you paranoids make me laugh.
You have to understand that MtGox has some credibility issues around here due to the fact that when they announced a 2-week "temporary" hiatus on USD withdrawals last June, it turned into many months and very inconsistent withdrawals when they did return.
It seems whales were able to move fiat in and out through sheer volume and paying a premium. Small investors and traders were treated as 2nd-class citizens.
Needless to say, when they recently suspended BTC withdrawals and promised to have things back running in 2 weeks, many people were skeptical.
Who cares. I just want my coins @ $500 
Panic more guys, the end is coming, as always...
Panic more guys, the end is coming, as always...
Yes nothing is wrong...yup BTC withdrawals halted...nothing wrong there.
When you do a withdrawal on a massive website like Gox, it's not the same as simply sending money from your wallet. It's a massive database combined with multiple wallets and cold storage too. To be honest i'm surprised they haven't had to do that before. It is a very complex web application and i am sure they are working very hard to fix the problem.
I don't really get this idea that they are doing it deliberately. Like i said. Why wouldn't they just shut down a bunch of people's accounts and steal their coins - or pretend they got hacked or something - if they wanted to steal coins?
It doesn't make any sense that they would stop withdrawals unless they HAD to - obviously it doesn't look good. They wouldn't do it unless their really was a technical hitch.
LOL! you paranoids make me laugh.
Gox's undercover PR department is here.
Everything you said could be true yet they may be unable to resume BTC withdrawals soon (if the technical glitch is too big to fix quickly).
Yes nothing is wrong...yup BTC withdrawals halted...nothing wrong there.
OK, let's look at the facts:
1) BTC price has not actually dropped any lower than it was just a few weeks ago, on Dec 18th. On Dec 18th the price was $600 USD. So far the price has not dropped to this low - so in no way is the price 'crashing'. That is pure hype crap.
2) Mt. GOX has had some kind of technical glitch. They are the BIGGEST bitcoin exchange in the world. I am a web designer and database engineer - Obviously the technical processes involved in running a massive exchange like that means that there might be some glitches sometimes. They have temporarily suspended BTC withdrawals - so they can fix the bug. If they wanted to run off with everyone's coins - why wouldn't they just shut down and say they got hacked or something - surely that would be very easy for them if they wanted to do that.
3) I have personally made many AUD and BTC deposits & withdrawals in and out of Gox over the last few weeks. They respond to my support request on average in about 4 days. I have absolutely no paranoid deluded fear that they are trying to scam me.
4) Gox has recently added One time password cards to their security. Why would they go to all the hassle of adding new features to their website when their prime goal is to run off with everyone's coins?
5) The only reason Gox slowed down USD withdrawals was because the US government stole $5 million of their money.
If anyone believes the total and utter crap written all over this forum trying to say that Gox is trying to scam everyone then they are an idiot.
If they don't re-start BTC withdrawals within a few days i'll eat my hat.
THIS IS NOT A CRASH:
1) BTC price has not actually dropped any lower than it was just a few weeks ago, on Dec 18th. On Dec 18th the price was $600 USD. So far the price has not dropped to this low - so in no way is the price 'crashing'. That is pure hype crap.
2) Mt. GOX has had some kind of technical glitch. They are the BIGGEST bitcoin exchange in the world. I am a web designer and database engineer - Obviously the technical processes involved in running a massive exchange like that means that there might be some glitches sometimes. They have temporarily suspended BTC withdrawals - so they can fix the bug. If they wanted to run off with everyone's coins - why wouldn't they just shut down and say they got hacked or something - surely that would be very easy for them if they wanted to do that.
3) I have personally made many AUD and BTC deposits & withdrawals in and out of Gox over the last few weeks. They respond to my support request on average in about 4 days. I have absolutely no paranoid deluded fear that they are trying to scam me.
4) Gox has recently added One time password cards to their security. Why would they go to all the hassle of adding new features to their website when their prime goal is to run off with everyone's coins?
5) The only reason Gox slowed down USD withdrawals was because the US government stole $5 million of their money.
If anyone believes the total and utter crap written all over this forum trying to say that Gox is trying to scam everyone then they are an idiot.
If they don't re-start BTC withdrawals within a few days i'll eat my hat.
THIS IS NOT A CRASH:
Jump to: