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Topic: MtGox withdrawal delays [Gathering] - page 115. (Read 908720 times)

newbie
Activity: 28
Merit: 0
February 20, 2014, 08:20:45 AM
Im still waiting for 1000 euro withdrawal from 20 jan.
legendary
Activity: 868
Merit: 1000
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February 20, 2014, 08:16:31 AM


nobody is panic selling besides the thiefs.....but they are of course the heads of the bitcoinfoundation..

you have been had all along.....Cheers

^This
may be mere speculation, but should be realised as a very real possibility.

There is possibility that another exchange is buying out Mt.Gox 'assets' at 25 cents to the dollar.

sr. member
Activity: 434
Merit: 250
February 20, 2014, 08:09:02 AM


nobody is panic selling besides the thiefs.....but they are of course the heads of the bitcoinfoundation..

you have been had all along.....Cheers

^This
may be mere speculation, but should be realised as a very real possibility.
zyk
full member
Activity: 224
Merit: 101
February 20, 2014, 08:07:35 AM
I still think the price is way too low because MtGox is used by speculators for short term trading due to its very good volatility and liquidity.
So if you are an intraday trader, what do you play since 10 days ? Of course you sell hard to make people panic and reach their stop loss, at which point you start to buy back.
It is low because of that reason, intra day trading.

I don't buy into bankrupcy view the level of fees MtGox earns every day.

I think this company had been too big, too fast BUT they are not running out of cash.
They just have 1 million customers while it is sized for 10,000 clientx max !

Give them time ! I am (pretty) sure we will get our money back and BTC will rise again at least to the same value of the other market places, like Kraken.

DON'T fall into PANIC SELLING !


nobody is panic selling besides the thiefs.....but they are of course the heads of the bitcoinfoundation..

you have been had all along.....Cheers
legendary
Activity: 2212
Merit: 1199
February 20, 2014, 07:43:31 AM

But it is about MtGox POLAND.

It seems like CBA (gov division to fight corruption) is during investigation about MtGox Poland.
member
Activity: 60
Merit: 10
February 20, 2014, 07:39:30 AM
I still think the price is way too low because MtGox is used by speculators for short term trading due to its very good volatility and liquidity.
So if you are an intraday trader, what do you play since 10 days ? Of course you sell hard to make people panic and reach their stop loss, at which point you start to buy back.
It is low because of that reason, intra day trading.

I don't buy into bankrupcy view the level of fees MtGox earns every day.

I think this company had been too big, too fast BUT they are not running out of cash.
They just have 1 million customers while it is sized for 10,000 clientx max !

Give them time ! I am (pretty) sure we will get our money back and BTC will rise again at least to the same value of the other market places, like Kraken.

DON'T fall into PANIC SELLING !
legendary
Activity: 1428
Merit: 1000
legendary
Activity: 3836
Merit: 2050
February 20, 2014, 07:32:22 AM

what's that? Can you translate it?
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
February 20, 2014, 07:29:28 AM
Guys,
just be patient. Anyway, our money is blocked in their account for a while.
So why converting BTC into EURO at a so low price Huh I don't understand ! You won't be more secured with your EURO stucked in their account. It does not make any sense.
Having money in EURO or BTC stucked in MtGox is the same !
So for God sake, stop selling BTC at these ridiculous low levels and be patient.

what do you think ? Do I miss something there ?


If you have EURO stuck in Gox you can sue them and there is a big chance that the law might do something about it.
If you have BTC stuck in Gox there is a very slim to no chance that the law will do anything about it as it is not a real currency.

Let's discuss this for a moment.  Let's say BTC is treated as a commodity (like it is treated in a majority of places in the world).

So, let's pick a commodity,  say coffee beans.  If a warehouse that holds coffee beans goes bankrupt,  surely the owner of the coffee beans has the right to have his coffee beans returned.    Say a storage facility for gold goes bankrupts,  surely the owners of the gold have rights to the gold.

If the BTC disappears from the custodian of that BTC, then clearly that is theft.   Does not matter if its is coffee beans, gold or BTC.

This is very different from owning shares in a company.  If the company goes bankrupt then the value of shares goes to zero.  

This is very different from owning bonds or being a creditor to a company.

If the money or the BTC disappears, then Mt.Gox is criminally liable.  

What Mt.Gox appears to be doing is covering their short on BTC.   The lower price of BTC is to their advantage in many ways.  Imagine,  right now,  they can buy BTC and sell it at 4 times the value of their money,  and they can continue to do that while they maintain these prices.  It is downright ridiculous.

newbie
Activity: 44
Merit: 0
member
Activity: 70
Merit: 10
February 20, 2014, 07:20:05 AM
http://www.tokyoapartments.jp/serviced-offices/Cross-Office-Shibuya-Medio+10.html
http://www.tokyoapartments.jp/serviced-offices/Executive-Center-Shibuya+4.html

the rooms and rates are probably inaccurate but id expect whatever they are paying for, its certainly MORE than the combined 9000 USD a month listed for those two office spaces.
 yeah okay so i admit... small potatoes. these kind of websites tend to hide hidden fees but honestly even if they paid 6 months up front, thats still tiddlywinks for mtgox.

i can only imagine they moved back for the IC card/gated security, as they said in their update.
hero member
Activity: 540
Merit: 500
February 20, 2014, 07:17:40 AM
Guys,
just be patient. Anyway, our money is blocked in their account for a while.
So why converting BTC into EURO at a so low price Huh I don't understand ! You won't be more secured with your EURO stucked in their account. It does not make any sense.
Having money in EURO or BTC stucked in MtGox is the same !
So for God sake, stop selling BTC at these ridiculous low levels and be patient.

what do you think ? Do I miss something there ?


If you have EURO stuck in Gox you can sue them and there is a big chance that the law might do something about it.
If you have BTC stuck in Gox there is a very slim to no chance that the law will do anything about it as it is not a real currency.
zyk
full member
Activity: 224
Merit: 101
February 20, 2014, 07:16:18 AM
Guys,
just be patient. Anyway, our money is blocked in their account for a while.
So why converting BTC into EURO at a so low price Huh I don't understand ! You won't be more secured with your EURO stucked in their account. It does not make any sense.
Having money in EURO or BTC stucked in MtGox is the same !
So for God sake, stop selling BTC at these ridiculous low levels and be patient.

what do you think ? Do I miss something there ?

Yeah

you miss the fact that nobody is selling their BTC at Gox right now...not even you !

Everybody wants in to buy....so who can and is selling ?   of course.... the insiders...

what do they know what you don´t know ?....of course... Gox bankaccounts will only be accessible by laywers

and from the cayman islands....
newbie
Activity: 42
Merit: 0
February 20, 2014, 07:15:53 AM
oooh, this guys is very smart. renting in japan is expensive and requires huge down payments. also, you need to show your ability to pay (via solvency or a guarantor). that being said, unfortunately one must accept the possibility that its office space theyve had all along...


Well the new address they gave was a virtual office, and they have been using that address in the past, so it should be easy for them to swap regardless of their financial situation.

My guess is that the building management and other tenants of the multi-tenant office block that has a protest outside of it got upset and Tibanne thought it wise to no longer be there, though still paying rent. Meanwhile as you say, the previous (now current) address is merely a virtual office also with no one there.

So I do not believe that the move offers any reassurance with regard to Tibanne's solvency, in fact I think that:
  • Karpeles being asked point blank if he was solvent and him giving the answer that he was not permitted to discuss that
  • the obvious heightening of security stance (abandoning staffed office, using virtual office address)
indicates that Karpeles anticipates an almighty shitstorm coming, not any sort of good news.

Naturally this is all complete guesswork.

But at least it's guesswork based on some rational thinking, not on overwhelming AMAGADIMSCREWED emotions. I was not aware that address is for a virtual office.

Still, all we can do is hope for the best. SEPAs are still being sent out regularly which is a pretty good sign. After all, they could pause the SEPA queue without anyone noticing to try to use the funds covering the alleged insolvency, yet they're paying "on time" (I mean 4-6 weeks of course).
hero member
Activity: 501
Merit: 500
February 20, 2014, 07:12:58 AM
When was the last time someone received his money via Bank transfer from MtGox?

I received my last EURs from MTGOX via SEPA Transfer on 2014-02-18. Withdraw at MTGOX was on 2014-01-17.
It took 30 days.  Huh

Weird. The delay should be closer to 50 days. Was this a small sum (below 500EUR)?
member
Activity: 70
Merit: 10
February 20, 2014, 07:11:31 AM
http://www.ceruleantower.com/english/index_o1.html

gated security.

yeah, it could be a shitstorm. that wont stop people from getting as far as the gates, though. they probably have bigger problems than you give them credit for. its easy to shit on mark, he is a goof, but with the money gox has (i dont see how they could be insolvent), they surely get attention from hackers, and as i said before, yakuza.
sr. member
Activity: 388
Merit: 250
February 20, 2014, 07:08:20 AM
When was the last time someone received his money via Bank transfer from MtGox?

I received my last EURs from MTGOX via SEPA Transfer on 2014-02-18. Withdraw at MTGOX was on 2014-01-17.
It took 30 days.  Huh
full member
Activity: 154
Merit: 100
February 20, 2014, 07:06:09 AM
oooh, this guys is very smart. renting in japan is expensive and requires huge down payments. also, you need to show your ability to pay (via solvency or a guarantor). that being said, unfortunately one must accept the possibility that its office space theyve had all along...


Well the new address they gave was a virtual office, and they have been using that address in the past, so it should be easy for them to swap regardless of their financial situation.

My guess is that the building management and other tenants of the multi-tenant office block that has a protest outside of it got upset and Tibanne thought it wise to no longer be there, though still paying rent. Meanwhile as you say, the previous (now current) address is merely a virtual office also with no one there.

So I do not believe that the move offers any reassurance with regard to Tibanne's solvency, in fact I think that:
  • Karpeles being asked point blank if he was solvent and him giving the answer that he was not permitted to discuss that
  • the obvious heightening of security stance (abandoning staffed office, using virtual office address)
indicates that Karpeles anticipates an almighty shitstorm coming, not any sort of good news.

Naturally this is all complete guesswork.
member
Activity: 71
Merit: 10
February 20, 2014, 06:55:13 AM
rofl. so many different doomsaying theories here.

it WOULD be worth a visit to the local police box. im curious if they would have anything to say. they arent really the types to know about financial regulation BUT some interesting stuff would include any protesters actually registering complaints, and DEFINITELY whether the gawks has had trouble/contact/run-ins with yakuza. bitcoin being unregulated, its just the sort of stuff the yakuza enjoy. and certainly the only group representing a real "security threat".

however you'll note that there are many people living in japan (and tokyo) whose btc are stuck in gox and none of them seem to care enough to do so. i imagine the little protest stunt will be HIGHLY embarassing in hindsight. but i guess some just did it for some internet notoriety and to try some sushi.

Is nobody familiar with the Japanese law? There must be a way to force a kind of solvency check, for instance if you are a supplier and not getting your money...
Did nobody sue Gox yet? That's so unbelievable considering the amount of money into play.

Forget that solvency check already.

If they were near bankrupcy, do you think they COULD go to another office?

Do you guys seriously think an office contract is a short-term, cheap thing to do, and these offices are being just handed out to anyone who wants to have a warm, cozy place?

oooh, this guys is very smart. renting in japan is expensive and requires huge down payments. also, you need to show your ability to pay (via solvency or a guarantor). that being said, unfortunately one must accept the possibility that its office space theyve had all along...


Well the new address they gave was a virtual office, and they have been using that address in the past, so it should be easy for them to swap regardless of their financial situation.
member
Activity: 70
Merit: 10
February 20, 2014, 06:53:32 AM
also, anyone care to copy the full text of the WSJ article about mark from Feb 17th here?
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