Mtgox is dead, the next is Bitstamp !
yes Mr Putin, so you keep saying. you will, of course, eventually convince yourself and go play somewhere else.
Just watch Titanic.
Just watch icehockey.
everton v swansea is on council telly here
Topic: MtGox withdrawal delays [Gathering] - page 134. (Read 908613 times)
yes Mr Putin, so you keep saying. you will, of course, eventually convince yourself and go play somewhere else.
Just watch Titanic.
Just watch icehockey.
everton v swansea is on council telly here
Mtgox is dead, the next is Bitstamp !
yes Mr Putin, so you keep saying. you will, of course, eventually convince yourself and go play somewhere else.
Just watch Titanic.
Just watch icehockey.
Mtgox is dead, the next is Bitstamp !
yes Mr Putin, so you keep saying. you will, of course, eventually convince yourself and go play somewhere else.
Just watch Titanic.
Mtgox is dead, the next is Bitstamp !
yes Mr Putin, so you keep saying. you will, of course, eventually convince yourself and go play somewhere else.
Mtgox is dead, the next is Bitstamp !
why is the price still plummeting? I don't understand who is still selling BTCs, I can see why people are willing to buy BTCs, but selling them??
Is there new information about withdrawals that is influencing this?
i guess panic is spreading. But it's a good thing for mtgox. The lower the price people are selling their BTC for, the less likely a mtgox bankruptcy gets. For Bitcoin owners at mtgox this is good news. Let the others sell Is there new information about withdrawals that is influencing this?
Mt.Gox can technically sell more BTC that they currently have. In fact, they can sell an infinite amount of BTC. If they've sold more BTC than they currently own, then the cannot possibly permit BTC withdrawals. That would create a massive short squeeze.
Based on what I see, I doubt Mt.Gox will ever allow BTC withdrawals. They are massively short. In other words, they've sold more BTC that they currently own!
The only other alternative explanation is that they are covering the short position that they previously had.
One last thought, MtGox could in fact be exploiting the arbitrage opportunity here. Move BTC out of their exchange, sell on another exchange, send money back to Mt.Gox, Buy BTC. Rinse and repeat! There is nothing to prevent MtGox from moving BTC out and receiving money in.
MtGox will kill Birstamp, If the sell 2-3 million Bitcoin !
why is the price still plummeting? I don't understand who is still selling BTCs, I can see why people are willing to buy BTCs, but selling them??
Is there new information about withdrawals that is influencing this?
i guess panic is spreading. But it's a good thing for mtgox. The lower the price people are selling their BTC for, the less likely a mtgox bankruptcy gets. For Bitcoin owners at mtgox this is good news. Let the others sell Is there new information about withdrawals that is influencing this?
why is the price still plummeting? I don't understand who is still selling BTCs, I can see why people are willing to buy BTCs, but selling them??
Is there new information about withdrawals that is influencing this?
Is there new information about withdrawals that is influencing this?
(also basicly all news outlets showed Gox charts and quoted gox prices).
This was the biggest problem, yes.While it was known on this forum that Gox was to be avoided. The majority of people simply did not know this
Sure, and that's why I have dual feelings about that.Still, if you just hear about something and you throw it your money without doing a bit of research, well...
Say you just came to know about bitcoins, find out about mtgox, and want to buy some?
Well, these are the results you get searching for "mtgox trustable" on google.
First three results I get tell you about problems.
Well, this is unfair.
Hi, I appreciate the thoughtful reply. I will have to take some time to address the issues.
While it was known on this forum that Gox was to be avoided. The majority of people simply did not know this (also basicly all news outlets showed Gox charts and quoted gox prices).
Well, this is unfair.
Hi, I appreciate the thoughtful reply. I will have to take some time to address the issues.
I, on the other hand, also feel a bit good about that.
If you are the type that feels good for your daughter getting raped in a dark alley - after all she is stupid, lazy and the alley was dark - then by all means feel good for the life BTC savings that many lose in this debacle.
Not only are they still criminals, your daughter was also raped and you are an idiot.
This case is not an unexpected event, everyone had many months in advance to withdraw their positions.
If they stayed at mtgox instead of using another exchange, it means they were either greedy (and greed sometimes pays you, sometimes burn you) or lazy (they couldn't bother to check the state of the company they were handling their money to).
I can't see how could this compare to such a case as you state.
If a criminal assaults you, he is directly harming you, depriving you from your liberty to go and do whatever you want (as long as it's not illegal).
In this case, instead, there is nothing forcing you to use mtgox as opposite to any other exchange: money is fungible, you could just trade it elsewhere.
Fun and liberty are not fungible, though, so you can't compare "going somewhere as opposite to somewhere else" to this.
I'm quite disappointed by this post of yours
Finally, it's not an happenstance I said "I also feel a bit good about that", meaning that this is a bad and unfortunate accident, but at least those who were hit are those who didn't even try to save themselves, while people who did due diligence were able to escape.
How can you state that this is not a good thing, is beyond me.
I, on the other hand, also feel a bit good about that.
If you are the type that feels good for your daughter getting raped in a dark alley - after all she is stupid, lazy and the alley was dark - then by all means feel good for the life BTC savings that many lose in this debacle.
Not only are they still criminals, your daughter was also raped and you are an idiot.
whats to stop gox at buying bitcoins at its low rates and selling off on other exchanges ? just wodering
Against law. And when asked, Mark has said he knows it and that they are not doing it.
If the guy doesn't do it, it means that either he doesn't need the money, which means there's enough cash in mtgox - or - if there is not enough cash - he rather faces bankruptcy than violate (moral?/legal?) rules or risc his company reputation. Which, in the latter case, is history any way.
It would all depend on the question, if its a moral or a legal rule. Since he is facing insolvency (Can't pay out Bitcoins, not being able to cover your financial obligation is insolvency by definition), insolvency laws apply. So selling any company value below price is in many countries a violation of law. This exactly could mtgox be doing right now by choosing only to trade within their own system. So they might already be in violation of laws by NOT doing these trades.
btw, this is criminal law then, not civil law then any more. This means the body of public prosecutors gets in charge. The question is just whether Japan has these insolvency laws and if they regard bitcoin as money and the lack of payment for over a week as sufficient for the definition of insolvency.
The next step is bitstamp down.
Much coins from mtgox will be sell at bitstamp + every day we have generated 4800 new bitcoin.
Its a big volume bitcoins and bitstamp need a lot money to pay it.
Much coins from mtgox will be sell at bitstamp + every day we have generated 4800 new bitcoin.
Its a big volume bitcoins and bitstamp need a lot money to pay it.
This whole situation is highly unethical, I can't imagine how people trapped inside fort gox feel.
I'm disgusted with the lack of communication from Gox, they are basicly creating panic.
I don't have any coins at gox, but even i feel goxed.
I, on the other hand, also feel a bit good about that.I'm disgusted with the lack of communication from Gox, they are basicly creating panic.
I don't have any coins at gox, but even i feel goxed.
This is a situation were people who used their brain and did due diligence before taking decisions are not screwed up, while those blinded by their greed or by their sloth, are.
This is quite a good thing, if you think about it.
i lost about 0.1 coin in the (trade) rush to get my btc out when the shit hit the fan. I didn't try to withdraw the fiat I had there, i took the hit, traded back to BTC at a lower rate than I bought, and withdrew back to my wallet. kinda glad I did, it was a small loss in the scheme of things, as i've paid my bills last month after putting it thru kraken, where the money would still have been stuck gox. i think i was one of the lucky few. lets see what they say tomorrow.
This whole situation is highly unethical, I can't imagine how people trapped inside fort gox feel.
I'm disgusted with the lack of communication from Gox, they are basicly creating panic.
I don't have any coins at gox, but even i feel goxed.
I, on the other hand, also feel a bit good about that.I'm disgusted with the lack of communication from Gox, they are basicly creating panic.
I don't have any coins at gox, but even i feel goxed.
This is a situation were people who used their brain and did due diligence before taking decisions are not screwed up, while those blinded by their greed or by their sloth, are.
This is quite a good thing, if you think about it.
Some minutes after this now the status changed from "Confirmed" to "processing". Is this good?
It depends on what you mean with "good".Do you consider "good" that there are unbelievably long queues, that they aren't even trasparent, and that they also can be manipupated by the staff as they see fit?
This whole situation is highly unethical, I can't imagine how people trapped inside fort gox feel.
I'm disgusted with the lack of communication from Gox, they are basicly creating panic.
I don't have any coins at gox, but even i feel goxed.
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