I can fully understand the frustration of people who can't get to their money.
You were personally aware of my case. Is there something you would have done otherwise? How much do the Gox owe me now after one month of time wasted + $150k in costs? Apparently nothing, since you are so smart to be on the other side of the trade.
Why didn't you follow my advice?
We all know that this technical glitch has all the signs of a technical glitch, and absolutely no signs of MtGox being out of BTC.
Which is pure and unadulterated hogwash. During my effort to get something out from the shithole, the situation got constantly more difficult, and the system started to work strangely. How do you explain for example
this.
data.
When trying to get out, I needed to buy bitcoins. There was 700 bitcoins offered until $982, which was a reasonable 0.6% slippage from the current price which was in the verge of a full-blown panic (23% over BS). At 9:57 I enter a market order to buy 700 bitcoins. The goxlag is about 2 minutes, after which I learn that I only get like 470 bitcoins.
Where did the rest go? I made about 4% extra loss by purchasing them later when the price was higher. Needless to say, my turnover in exchanges in 2013 was in the $10,000,000s and I have executed quite a few market orders (almost 10,000 trades totally) and
NEVER experienced such a trick.
If you trade during lag, there is no way to know how many coins will be on sale when your order gets executed. My bot for instance will not trade on old information, and pulls it's offers whenever the lag goes over a certain threshold. If the lag went over this threshold before you entered your order, my bot would cancel more than 250 BTC worth of asks, and the cancellation would take effect before your order executed. It could actually be my fault. Sorry about that..
In fact they filled up their hot wallet several times during last week, - - I took the opportunity to withdraw just after refill, and got myself a new round of profit by buying MtGox BTC at a discount with BTC I withdrew from MtGox.
Are you so distanced from reality that you don't even realize that using insider information (such as timing of refills in the instance when others cannot get their money out, and then selling the very coins withdrawn to the very customers who cannot withdraw due to their lack of said insider information)
IS A CRIME.
If information you have from observing previous behaviour is insider information, then technical analysis is as well. I have been analysing how MtGox works instead of wasting time on speculation and FUD. This does not make me an insider. I never told anyone who sold their MtGox BTC it was a good idea. I told them the opposite. They wouldn't listen to reason and still wanted to sell. I even bought some MtGox BTC 1:1 from people who had real life problems due to the glitch.
Choose one: You get proprietary information from Mt.Gox technical workings, transfer to yourself the money that supposedly was there for everyone, and sell it for profit to the actual recipients. [] FRAUD [] NOT FRAUD.
I don't have any proprietary information from MtGox. I rely 100% on published information available to everyone who looks for it. Lurking in #mtgox helps, of course, since I get to know what people ask support about and their answers. There are about 1000 people there now, and the information given there is the same as everyone get.
E.g.:
22:09 <@ne0futur> "invalid bitcoin adress"
22:09 <@ne0futur> generally means the hotwallet is empty
22:10 <@ne0futur> just try again in a few hours when it will be refilled
When people start reporting "invalid bitcoin adress" errors, you can assume the hot wallet is empty and will be refilled in a few hours maximum. Just start trying. (The @ sign means it is a channel operator speaking, i.e. someone working for MtGox.)
Mt.Gox: You better destroy your archives quickly, for otherwise all your co-conspirators will get crushed when the LE is upon this. Fuck you.
NSA/FBI/KGB/CIA: If the said exchange is under your control and Mark is held hostage, fuck you.
Sturle: Fuck you.
I don't think #mtgox is officially logged, but there are probably many other lurkers who keep their logs. They can even have mine. Except for a few ordinary support tickets, all my communication with MtGox will be there.
