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Topic: MT.GOX PRESS : Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals - page 3. (Read 6229 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the most retarded part of all this is people that bought on mtgox and then sold on bitstamp will wait 2 weeks for their bitstamp USD Withdrawal to process and feel really good about it.

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
So can't you just sell coins in euro and withdraw, even a US person could do this.

LOL yeah but what can I do with EUR in the U.S.?

May as well be toilet paper. No one accepts it here.  Tongue Tongue
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
So can't you just sell coins in euro and withdraw, even a US person could do this.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Whoever has a ton of virtual cash on gox is fucked right now unless they buy bitcoins.

This all has a very familiar stench to a ponzi.

WITHDRAWALS: OFF
DEPOSITS: ON

USD but not EUR. Just wait for a few hours. It is 4:00 am CET.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Whoever has a ton of virtual cash on gox is fucked right now unless they buy bitcoins.

This all has a very familiar stench to a ponzi.

WITHDRAWALS: OFF
DEPOSITS: ON
member
Activity: 98
Merit: 10
Wow, it crapped its self!

Fsck knows what's going on with gox's bank but to me it looks like someone has been working hard to keep the rate down with constant downward pressure and big dumps any time it looks like rising. That fsckers got a big huge pile of USD on there and he cant move them for weeks. Pure tinfoil hat talk but its a cheery though Smiley

I'm not worried. It will all be used to bring the price right back up. All I need to do to ensure a profit is to wait long enough.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
This affect Canada at all?
full member
Activity: 238
Merit: 100
When MtGox says two weeks, it may finally become 2 months, judging from their usual efficiency.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
My penis is better than an api

someone has self-esteem issues to bring that up at a time like this.  Roll Eyes Roll Eyes Roll Eyes
full member
Activity: 205
Merit: 100
My penis is better than an api
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
I can't believe how slow the mainstream media have been to report this.

A simple Google news search for "MtGox" and "Bitcoin" reveals nothing.

Usually they jump on anything negative to do with Bitcoin and coat it with as much FUD as possible.
legendary
Activity: 1600
Merit: 1014
full member
Activity: 196
Merit: 100
I think there is more trouble with USD, if Chase Bank thread is any indication.

It appears US Banks are on the offensive.
legendary
Activity: 1428
Merit: 1000
After much thought put into this recent news lead to only one outcome:
Exodus of USD from Gox.

If USD can't leave Gox nobody in their right mind would sell. So when people go to buy what happens?

Basically, USD can't leave Gox.

Buy coins and sell on other exchanges. why do you think prices at Bitstamp are stagnating $4 behind?
hero member
Activity: 894
Merit: 1001

People who don't want to move money out of MtGox will still sell bitcoins for mtgox-dollars at exorbitant prices, speculating that in 2 weeks price will be much lower and they can buy back twice as many BTC then (and they will probably be right and make a huge profit while the ones who are panic buying BTC now will be the losers (as always)).

+1 ppls who sells btc not for USD but other currences aviable on Gox - EUR (SEPA still works, with delays but works, right?), GBP, RUR, etc
hero member
Activity: 938
Merit: 500
https://youengine.io/
If USD can't leave Gox nobody in their right mind would sell. So when people go to buy what happens?

People who don't want to move money out of MtGox will still sell bitcoins for mtgox-dollars at exorbitant prices, speculating that in 2 weeks price will be much lower and they can buy back twice as many BTC then (and they will probably be right and make a huge profit while the ones who are panic buying BTC now will be the losers (as always)).
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper

Except, you know, you could transfer your coins afterwards to another exchange, sell there, and withdraw your USD.

And pay twice the fees. =)

Yeah good exit. lolz

Not twice - triple!
Before:
1. withdrawal fee on Gox

Now
1. fee to buy btc on Gox
2. fee to sel btc on other exchange
3. withdrawal fee on other exchange
And usual lower prices on other exchanges and minor fee to trasfer btc as addition...


+1

thank you for emphasizing my point that much more. Must be late for me to overlook those facts.  Roll Eyes
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