MtGox withdrawal delays [Gathering] - page 124.

whave

newbie

Activity: 42

Merit: 0

Quote from: raskul on February 18, 2014, 08:25:33 AM

Quote from: whave on February 18, 2014, 08:11:38 AM

Quote from: mp420 on February 18, 2014, 07:56:22 AM

What I'm thinking is that the current situation is very good for those who have USD stuck at Gox, since they can buy the cheap GoxBTC and withdraw the BTC once Gox opens the withdrawals. Done the right way (selling other BTC from stash somewhere else and withdrawing the USD) this could make a handsome profit.

THIS.

Does it have any risks? OF COURSE, everything does! The naysayers might be right; mtgox might be going down. I don't think so, but I don't know any more than they do.

Or value could collapse by the time they finally enable transactions.

Risks.

Or we might just double our invested moniez if we succeed in selling GoxBTC on bitstamp etc.

We will see. No place for guessing, silent speculation is the best.

either way, I don't trust gox and wouldn't want to take the risk, even if I was 99.99999999% sure that any btc I bought at a low price would be released, i still don't like them. sensibility over greed.

I don't trust gox either but the opportunity to make some cash is still there. I have seen no un-biased opinion, I have seen no evidence that they are stealing, I have seen no evidence that they don't have the funds. All I see is mass panic.

You can call this greed, I call this taking on the risk. You can't double your money with 0% risk.

Obviously, if in the end, I get robbed, I will think myself as greedy. If I double my moniez, I will think myself as smart. Either way, I'M THE ONE WHO IS TAKING THE RISK and I'm completely aware of the possible consequences; I won't blame an exchange for my foolishness as most people here do (especially those fools who are saying their livelihood depends on that BTC. THEY ARE DOING IT WRONG THEN). I know exactly how much can I lose/earn.

Don't call yourself sensible if you're saying you should let your money go just because "you don't like them". Decisions based on emotions are the worst.

This is like the complete opposite of sensible: "even if I was 99.99999999% sure that any btc I bought at a low price would be released, i still don't like them. sensibility over greed."

raskul

sr. member

Activity: 434

Merit: 250

Quote from: BTCalexxx2.0 on February 18, 2014, 08:30:52 AM

Quote from: pedro82 on February 18, 2014, 08:10:28 AM

people that buy and sell coins consider gox.coin about 60 % less valuable than other coins. That’s a measured perception of risk !

Quote from: raskul on February 18, 2014, 08:25:33 AM

sensibility over greed.

WOOOOORD!

"the quality of being able to appreciate and respond to complex emotional or aesthetic influences; sensitivity."

or.. using one's sense to overcome emotion (emotion being greed)

whave

newbie

Activity: 42

Merit: 0

Quote from: zyk on February 18, 2014, 08:29:15 AM

Quote from: whave on February 18, 2014, 07:43:22 AM

Quote from: zyk on February 18, 2014, 07:29:50 AM

Quote from: mp420 on February 17, 2014, 09:53:22 AM

I made a crude back-of-the envelope calculation back last year suggesting that if Gox is actually under water, it's only a few million total (when their orderbook is tens of millions). So, the people shouting "GOX IS INSOLVENT", please back your claim up with some kind of evidence or reasoning.

About the recent BTC withdrawal issue, evidence would be easy to gather from the blockchain. If you're suggesting someone scammed huge amounts of BTC out of Gox.

Am suggesting you tell us who is selling at MT. Gox...thats real selling of not so real Goxcoins!

So there it is the proof of their bankruptcy not able to be explained or hoped away !

Who can and would do so...? right! Who can´t sell at bitstamp ? right!

Why he would do so...? right ! Who pays the bill...? right again? here we go !

Just W T F are you talking about man?

I really don't see why these people who know everything, including the future, are into forum guessing games instead of e.g. going to a BTC betting page and doing all kinds of gambling.

I've seen "mtgoxisdead" people in 2012 and 2013 as well. The site was always, ALWAYS back up after every hack, ddos, market plunge, technical difficulty, and the smartie guys who predicted coin-armageddon shut up and disappeared, or just acted like they haven't been spreading fud for the last x months.

Right now, you DON'T KNOW JACK about how it's gonna end. You or me or anyone else on these boards has insufficient info to predict anything. Some of us realise this and doesn't get into wild guessing.

Some people act like they know what's going to happen, and they look like fools.

n the end, the real fools will be who actually lost money due to not thinking clearly because of the HOPE.
I

(of course, above does not stand for ppl who are actually suffering because of the wire transfer/USD issues. But there are LOTS of people who don't care about USD/IWT at all).

You haven´t answered one of my questions cause that would make yourself seeing yourself as a fool to have

believed in fairy - tales ( that makes you angry, citing unrelented conditions of the past, because nobody likes to

see himself as a sucker.) Hopefully you just try it out without needing to tell me --- just for yourself......

Who is selling those BTC at GOX at these prices and why ?

You can´t speculate yourself around this fact.......every entity in the world goes bankrupt when selling any

commodity for 30 % of its value ( even the soviet .union ).

Only two real world scenarios can explain this fact :

You close shop and sell out your stock cause you are bankrupt (why not at stamp then?) or you sell stock you

haven´t payed for and as such not really belongs to you......

If you have other Fata - Morganas in mind please prove me wrong.....I can stand the shame and am not going to

disappear without confessing that I am the biggest scumbag, loser, idiot , mistrusting- sucker of bitcoinworld for all

times !

Cheers

Zyk

I did not even understand your incomprehensive blob of "questions".

BTCalexxx2.0

member

Activity: 97

Merit: 10

Quote from: hgmichna on February 18, 2014, 08:37:57 AM

Can anybody imagine any other reason to block or hinder bitcoin withdrawals, once the technical (transaction malleability) problem is solved?

To prevent a coinrun >>> Delaying the inevitable death of Mt.Gox in the aftermath. Protecting the market as a whole from being flooded with cheap Gox coins.

hgmichna

hero member

Activity: 695

Merit: 500

See the positive aspect. It will now become openly known whether Mt. Gox is honest.

If they are fair and solvent, they will switch on bitcoin withdrawals soon.

If they are insolvent or trying to play the market, for example by trading on their own account through middlemen, they will enact various tactics to limit and delay bitcoin withdrawals to manipulate their bitcoin price or to stay afloat for another while.

Can anybody imagine any other reason to block or hinder bitcoin withdrawals, once the technical (transaction malleability) problem is solved?

BTCalexxx2.0

member

Activity: 97

Merit: 10

Quote from: pedro82 on February 18, 2014, 08:10:28 AM

people that buy and sell coins consider gox.coin about 60 % less valuable than other coins. That’s a measured perception of risk !

Quote from: raskul on February 18, 2014, 08:25:33 AM

sensibility over greed.

WOOOOORD!

zyk

full member

Activity: 224

Merit: 101

Quote from: whave on February 18, 2014, 07:43:22 AM

Quote from: zyk on February 18, 2014, 07:29:50 AM

Quote from: mp420 on February 17, 2014, 09:53:22 AM

I made a crude back-of-the envelope calculation back last year suggesting that if Gox is actually under water, it's only a few million total (when their orderbook is tens of millions). So, the people shouting "GOX IS INSOLVENT", please back your claim up with some kind of evidence or reasoning.

About the recent BTC withdrawal issue, evidence would be easy to gather from the blockchain. If you're suggesting someone scammed huge amounts of BTC out of Gox.

Am suggesting you tell us who is selling at MT. Gox...thats real selling of not so real Goxcoins!

So there it is the proof of their bankruptcy not able to be explained or hoped away !

Who can and would do so...? right! Who can´t sell at bitstamp ? right!

Why he would do so...? right ! Who pays the bill...? right again? here we go !

Just W T F are you talking about man?

I really don't see why these people who know everything, including the future, are into forum guessing games instead of e.g. going to a BTC betting page and doing all kinds of gambling.

I've seen "mtgoxisdead" people in 2012 and 2013 as well. The site was always, ALWAYS back up after every hack, ddos, market plunge, technical difficulty, and the smartie guys who predicted coin-armageddon shut up and disappeared, or just acted like they haven't been spreading fud for the last x months.

Right now, you DON'T KNOW JACK about how it's gonna end. You or me or anyone else on these boards has insufficient info to predict anything. Some of us realise this and doesn't get into wild guessing.

Some people act like they know what's going to happen, and they look like fools.

n the end, the real fools will be who actually lost money due to not thinking clearly because of the HOPE.
I

(of course, above does not stand for ppl who are actually suffering because of the wire transfer/USD issues. But there are LOTS of people who don't care about USD/IWT at all).

You haven´t answered one of my questions cause that would make yourself seeing yourself as a fool to have

believed in fairy - tales ( that makes you angry, citing unrelented conditions of the past, because nobody likes to

see himself as a sucker.) Hopefully you just try it out without needing to tell me --- just for yourself......

Who is selling those BTC at GOX at these prices and why ?

You can´t speculate yourself around this fact.......every entity in the world goes bankrupt when selling any

commodity for 30 % of its value ( even the soviet .union ).

Only two real world scenarios can explain this fact :

You close shop and sell out your stock cause you are bankrupt (why not at stamp then?) or you sell stock you

haven´t payed for and as such not really belongs to you......

If you have other Fata - Morganas in mind please prove me wrong.....I can stand the shame and am not going to

disappear without confessing that I am the biggest scumbag, loser, idiot , mistrusting- sucker of bitcoinworld for all

times !

Cheers

Zyk

raskul

sr. member

Activity: 434

Merit: 250

Quote from: whave on February 18, 2014, 08:11:38 AM

Quote from: mp420 on February 18, 2014, 07:56:22 AM

What I'm thinking is that the current situation is very good for those who have USD stuck at Gox, since they can buy the cheap GoxBTC and withdraw the BTC once Gox opens the withdrawals. Done the right way (selling other BTC from stash somewhere else and withdrawing the USD) this could make a handsome profit.

THIS.

Does it have any risks? OF COURSE, everything does! The naysayers might be right; mtgox might be going down. I don't think so, but I don't know any more than they do.

Or value could collapse by the time they finally enable transactions.

Risks.

Or we might just double our invested moniez if we succeed in selling GoxBTC on bitstamp etc.

We will see. No place for guessing, silent speculation is the best.

either way, I don't trust gox and wouldn't want to take the risk, even if I was 99.99999999% sure that any btc I bought at a low price would be released, i still don't like them. sensibility over greed.

whave

newbie

Activity: 42

Merit: 0

Quote from: mp420 on February 18, 2014, 07:56:22 AM

What I'm thinking is that the current situation is very good for those who have USD stuck at Gox, since they can buy the cheap GoxBTC and withdraw the BTC once Gox opens the withdrawals. Done the right way (selling other BTC from stash somewhere else and withdrawing the USD) this could make a handsome profit.

THIS.

Does it have any risks? OF COURSE, everything does! The naysayers might be right; mtgox might be going down. I don't think so, but I don't know any more than they do.

Or value could collapse by the time they finally enable transactions.

Risks.

Or we might just double our invested moniez if we succeed in selling GoxBTC on bitstamp etc.

We will see. No place for guessing, silent speculation is the best.

pedro82

member

Activity: 91

Merit: 10

Quote from: BTCalexxx2.0 on February 18, 2014, 07:22:39 AM

Quote from: psilos on February 18, 2014, 07:08:22 AM

Could u please elaborate a bit more on how did you conclude to the 40% chance?

He obviously just did the simple math to divide the Gox market price by the the Bitstamp rate e.g.

Correct ! but prices in EUR/btc , so gox price against bitcoin.de price.

That's what the market price is telling us all ! people that buy and sell coins consider gox.coin about 60 % less valuable than other coins. That’s a measured perception of risk !

BitPaulo

member

Activity: 71

Merit: 10

Quote from: jack0m on February 18, 2014, 06:58:26 AM

Quote from: BitPaulo on February 18, 2014, 06:02:38 AM

Quote from: jack0m on February 18, 2014, 05:47:41 AM

Quote from: psilos on February 18, 2014, 05:29:45 AM

Quote from: whave on February 18, 2014, 05:09:53 AM

Quote from: psilos on February 18, 2014, 04:23:46 AM

Also has anybody used the http://skanner.net/MtGox/cwithdrawal.php to cancel withdrawal? I wouldnt really trust the site to give away my credentials.

I had used them. You only need to create an API key with "deposit" and "getinfo" access rights, therefore there is no chance you're going to lose any funds etc. Just follow their step-by-step guide how to create the key. You are not giving them any credentials this way.

Cancelling is immediate. Then you can (and should) delete the API key you created previously. Easy as a pie.

Whave, I tried to cancel the request. I followed the steps mentioned on the skanner site. But then the amount of the withdrawal to be credit back to my acount was minus the fee ( 1%). Does it mean that Mtgox will charge me for the fee anyway? Is there a way to get back the fee?

that's odd. They didn't charge me any fee. Did you double check on your account history? You should have two entries for Withdraw/Deposit by the exact same amount

So you want to buy cheap BTC, I understand that part. But, are you not worried not being able to withdraw anything? Can I ask, what is your strategy?

are you seriously interested in my strategy? You do realize I'm just a newbie here, hence not in the position to give any advice to expert people.
I'm just trying to maximize the probability to get back what I put (my big mistake) into Gox, according to currently available information. And it seems quite clear that fiat withdrawal are more likely to succeed if they are split into smaller amounts... but then comes into play the infamous 20 days rule, so it's always a trade-off.
As soon as I canceled the biggest withdrawal for 10k€, the first one for 1k€ changed its status to pending. Then I submitted a new withdrawal for a lower amount and yes, I also bought a few of those cheap btc, just to leave all options open...

Well I am just curious to hear different opinions. As I am in a very similar position as you and I want to think properly what options I have and the risk for each option.

mp420

hero member

Activity: 501

Merit: 500

What I'm thinking is that the current situation is very good for those who have USD stuck at Gox, since they can buy the cheap GoxBTC and withdraw the BTC once Gox opens the withdrawals. Done the right way (selling other BTC from stash somewhere else and withdrawing the USD) this could make a handsome profit.

whave

newbie

Activity: 42

Merit: 0

Quote from: zyk on February 18, 2014, 07:29:50 AM

Quote from: mp420 on February 17, 2014, 09:53:22 AM

I made a crude back-of-the envelope calculation back last year suggesting that if Gox is actually under water, it's only a few million total (when their orderbook is tens of millions). So, the people shouting "GOX IS INSOLVENT", please back your claim up with some kind of evidence or reasoning.

About the recent BTC withdrawal issue, evidence would be easy to gather from the blockchain. If you're suggesting someone scammed huge amounts of BTC out of Gox.

Am suggesting you tell us who is selling at MT. Gox...thats real selling of not so real Goxcoins!

So there it is the proof of their bankruptcy not able to be explained or hoped away !

Who can and would do so...? right! Who can´t sell at bitstamp ? right!

Why he would do so...? right ! Who pays the bill...? right again? here we go !

Just W T F are you talking about man?

I really don't see why these people who know everything, including the future, are into forum guessing games instead of e.g. going to a BTC betting page and doing all kinds of gambling.

I've seen "mtgoxisdead" people in 2012 and 2013 as well. The site was always, ALWAYS back up after every hack, ddos, market plunge, technical difficulty, and the smartie guys who predicted coin-armageddon shut up and disappeared, or just acted like they haven't been spreading fud for the last x months.

Right now, you DON'T KNOW JACK about how it's gonna end. You or me or anyone else on these boards has insufficient info to predict anything. Some of us realise this and doesn't get into wild guessing.

Some people act like they know what's going to happen, and they look like fools.

In the end, the real fools will be who actually lost money due to not thinking clearly because of the panic.

(of course, above does not stand for ppl who are actually suffering because of the wire transfer/USD issues. But there are LOTS of people who don't care about USD/IWT at all).

zyk

full member

Activity: 224

Merit: 101

Quote from: mp420 on February 17, 2014, 09:53:22 AM

I made a crude back-of-the envelope calculation back last year suggesting that if Gox is actually under water, it's only a few million total (when their orderbook is tens of millions). So, the people shouting "GOX IS INSOLVENT", please back your claim up with some kind of evidence or reasoning.

About the recent BTC withdrawal issue, evidence would be easy to gather from the blockchain. If you're suggesting someone scammed huge amounts of BTC out of Gox.

Am suggesting you tell us who is selling at MT. Gox...thats real selling of not so real Goxcoins!

So there it is the proof of their bankruptcy not able to be explained or hoped away !

Who can and would do so...? right! Who can´t sell at bitstamp ? right!

Why he would do so...? right ! Who pays the bill...? right again? here we go !

BTCalexxx2.0

member

Activity: 97

Merit: 10

Quote from: psilos on February 18, 2014, 07:08:22 AM

Could u please elaborate a bit more on how did you conclude to the 40% chance?

He obviously just did the simple math to divide the Gox market price by the the Bitstamp rate e.g.

severance26

member

Activity: 70

Merit: 10

Quote from: psilos on February 18, 2014, 07:08:22 AM

Quote from: pedro82 on February 17, 2014, 09:49:50 PM

Quote from: zyk on February 17, 2014, 09:39:31 PM

Quote from: pedro82 on February 17, 2014, 08:34:33 AM

Quote from: severance26 on February 17, 2014, 08:26:48 AM

fiat jpy withdrawal submitted on jan 27th just went through this afternoon.

thats 14 business days. 6 day increase from one on jan 6 that was 8 business days.

Fiat SEPA withdrawal submitted on jan 7th just went through this mornig.

aren´t you pissed by not being able to buy some goxxies for under 200 Euros now???

Nops , How do you expect to withdraw your coins then ? What market is telling us is that the chances to withdraw your gox.coins is 200/500 = 40 % . maybe that's what you will be able to withdraw when they open coin windows.

Could u please elaborate a bit more on how did you conclude to the 40% chance?

dont feed the trolls, man

HerrAndreas

full member

Activity: 212

Merit: 100

reporting in:

my <1k euro transaction from first week of january came through sepa today.
didn´t expect to see that happening ever...

psilos

newbie

Activity: 52

Merit: 0

Quote from: pedro82 on February 17, 2014, 09:49:50 PM

Quote from: zyk on February 17, 2014, 09:39:31 PM

Quote from: pedro82 on February 17, 2014, 08:34:33 AM

Quote from: severance26 on February 17, 2014, 08:26:48 AM

fiat jpy withdrawal submitted on jan 27th just went through this afternoon.

thats 14 business days. 6 day increase from one on jan 6 that was 8 business days.

Fiat SEPA withdrawal submitted on jan 7th just went through this mornig.

aren´t you pissed by not being able to buy some goxxies for under 200 Euros now???

Nops , How do you expect to withdraw your coins then ? What market is telling us is that the chances to withdraw your gox.coins is 200/500 = 40 % . maybe that's what you will be able to withdraw when they open coin windows.

Could u please elaborate a bit more on how did you conclude to the 40% chance?

zyk

full member

Activity: 224

Merit: 101

Quote from: pedro82 on February 17, 2014, 09:49:50 PM

Quote from: zyk on February 17, 2014, 09:39:31 PM

Quote from: pedro82 on February 17, 2014, 08:34:33 AM

Quote from: severance26 on February 17, 2014, 08:26:48 AM

fiat jpy withdrawal submitted on jan 27th just went through this afternoon.

thats 14 business days. 6 day increase from one on jan 6 that was 8 business days.

Fiat SEPA withdrawal submitted on jan 7th just went through this mornig.

aren´t you pissed by not being able to buy some goxxies for under 200 Euros now???

Nops , How do you expect to withdraw your coins then ? What market is telling us is that the chances to withdraw your gox.coins is 200/500 = 40 % . maybe that's what you will be able to withdraw when they open coin windows.

if you sell them at bitcoinbuilder you still have a 20 % markup on your money - weird isn´t it?

jack0m

legendary

Activity: 3738

Merit: 2027

Quote from: BitPaulo on February 18, 2014, 06:02:38 AM

Quote from: jack0m on February 18, 2014, 05:47:41 AM

Quote from: psilos on February 18, 2014, 05:29:45 AM

Quote from: whave on February 18, 2014, 05:09:53 AM

Quote from: psilos on February 18, 2014, 04:23:46 AM

Also has anybody used the http://skanner.net/MtGox/cwithdrawal.php to cancel withdrawal? I wouldnt really trust the site to give away my credentials.

I had used them. You only need to create an API key with "deposit" and "getinfo" access rights, therefore there is no chance you're going to lose any funds etc. Just follow their step-by-step guide how to create the key. You are not giving them any credentials this way.

Cancelling is immediate. Then you can (and should) delete the API key you created previously. Easy as a pie.

Whave, I tried to cancel the request. I followed the steps mentioned on the skanner site. But then the amount of the withdrawal to be credit back to my acount was minus the fee ( 1%). Does it mean that Mtgox will charge me for the fee anyway? Is there a way to get back the fee?

that's odd. They didn't charge me any fee. Did you double check on your account history? You should have two entries for Withdraw/Deposit by the exact same amount

So you want to buy cheap BTC, I understand that part. But, are you not worried not being able to withdraw anything? Can I ask, what is your strategy?

are you seriously interested in my strategy? You do realize I'm just a newbie here, hence not in the position to give any advice to expert people.
I'm just trying to maximize the probability to get back what I put (my big mistake) into Gox, according to currently available information. And it seems quite clear that fiat withdrawal are more likely to succeed if they are split into smaller amounts... but then comes into play the infamous 20 days rule, so it's always a trade-off.
As soon as I canceled the biggest withdrawal for 10k€, the first one for 1k€ changed its status to pending. Then I submitted a new withdrawal for a lower amount and yes, I also bought a few of those cheap btc, just to leave all options open...

Topic: MtGox withdrawal delays [Gathering] - page 124. (Read 908613 times)