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Topic: MtGox withdrawal delays [Gathering] - page 170. (Read 908720 times)

newbie
Activity: 30
Merit: 0
February 07, 2014, 03:06:25 PM
I have a 5 figure amount SEPA withdrawal pending since 17 January and will let you all know when I receive that money.
They are probably processing SEPA withdrawal of the first weeks of January now so I am expecting to have to wait 3 more weeks.
I'm in the same boat with a transaction confirmed on the 20th, similar amount. If they'd stick to their claim, processing is due on the Tuesday. If not, scam spilled over to SEPA. Where do EUR funds reside? Poland afair?
member
Activity: 144
Merit: 38
February 07, 2014, 03:04:10 PM
This thread is becoming more and more a speculation thread, let's stick to the facts.
MtGox is not going bankrupt, they have earned enough money in the past years, they have no debts and they still have a lot of income.
So I am not worried.

I have a 5 figure amount SEPA withdrawal pending since 17 January and will let you all know when I receive that money.
They are probably processing SEPA withdrawal of the first weeks of January now so I am expecting to have to wait 3 more weeks.

2nd that.

My SEPA withdraw history:
- okt 21, received nov 26
- nov 9, received dec 17
- nov 16, received jan 8
- nov 19, received jan 28
- nov 27, not yet received (so by the 20 day rule it should arrive on Feb 17)

All amounts are high k€.
hero member
Activity: 540
Merit: 500
February 07, 2014, 02:40:25 PM
This thread is becoming more and more a speculation thread, let's stick to the facts.
MtGox is not going bankrupt, they have earned enough money in the past years, they have no debts and they still have a lot of income.
So I am not worried.

I have a 5 figure amount SEPA withdrawal pending since 17 January and will let you all know when I receive that money.
They are probably processing SEPA withdrawal of the first weeks of January now so I am expecting to have to wait 3 more weeks.
newbie
Activity: 8
Merit: 0
February 07, 2014, 02:36:06 PM
i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.
Yes but three weeks have passed since 12 and 14 January.  
Note my emphasis.
Presumably he means he cancelled them this week.
Note the italics then.  How can reading be this hard?

Well, I am the OP of this mini-thread. Someone cut off my original post, which was that I have been waiting for JPY withdrawals from 14 and 15 January. Also more than three weeks ago.
legendary
Activity: 889
Merit: 1000
February 07, 2014, 02:16:15 PM
bitcoin such an oxymoronish concept . Mt gox defeated the whole concept of the bitcoin
member
Activity: 91
Merit: 10
February 07, 2014, 02:09:20 PM
Probably safe to assume there will be a bitcoin  crash if Gox is indeed deemed to be bankrupt

A crash certainly , but eventually it’s dead. Without governmental involvement, and surrounded by scam, fraud and suspicion it will be a failed experience, in short term.    
legendary
Activity: 889
Merit: 1000
February 07, 2014, 02:01:06 PM
Probably safe to assume there will be a bitcoin  crash if Gox is indeed deemed to be bankrupt. There is a finite number of bitcoins , what happenes to the amount of bitcoin  estimated in 30 million usd value held by gox? if gox is bankurpt?
member
Activity: 91
Merit: 10
February 07, 2014, 01:56:21 PM
because literally EVERYTHING related to bitcoin is a scam.

I cashed out of bitcoin and I am literally done, I will not buy back in at any price.

Physical metals are the best alternative currency, not cryptogarbage.



If gox shut down, btc can probably drawn with them. Digital crypt currency have low governmental support  for obvious reason , so the hope was on the side of a pure citizen ecosystem , the fall of one of the largest exchangers (among many previous others) in such a grey smoke curtain will be the end of a beautiful vision for many people, me included !
legendary
Activity: 889
Merit: 1000
February 07, 2014, 01:44:04 PM

I am willing to sell you the following at 90% of the face value:

476.22140850 BTC in Mt.Gox user interface
58.59 BTC in delayed transfers.


WOW, you must have huge balls to keep such an amount on Scox.

Generally speaking, I think we should fasten our seat belts and get ready for the worst scam in Bitcoin history. Let's face the facts. Most likely, the story about a technical issue is plain bullcrap. And by now, also the most naive Bitcoiner must have realized that Mt.Gox is not to be trusted as a trading platform leaving those crooks with only two options.

A: Take hundreds of millions in customer funds and disappear enjoying la dolce vita on some private island somewhere in the Pacific.
B: Announce that everything is back to normal and watch 99% of all customers instantly withdraw their coins.

As far as I am concerned, it's kinda obvious what it's going to be.

Not only do they face a simple decision, but it also seems like they got ready for this very moment quite a while ago. According to the article "The rise and fall of the world's largest bitcoin exchange" published on wired.co.uk (7th of November 2013), Mt.Gox not even has a physical office anymore. And of course Karpeles and his gang weren't seen in a very long time as well. Plus, they might start feeling some heat after Shrem and Faiella's arrest.  

Well, let's hope for the best while preparing for the worst.

Good luck.

With his pudgy face all over Internet, Mark is gonna need a serious plastic intervention before he could entertain such an idea. Also, Pacific doesn't have a whole lot of private islands anymore. And the Caribbean is vast, but not totally uninhabited.



self delted
member
Activity: 101
Merit: 10
February 07, 2014, 01:43:18 PM
Ok i have another question for someone who can answer :

How can Mt.gox be the third Highest in volume exchange BTC/USD at now days, acording   to   

http://bitcoincharts.com/markets/

How do you explain this Huh

 

Simple: bitcoincharts is owned by MtGox.
member
Activity: 91
Merit: 10
February 07, 2014, 01:33:59 PM
I’m glad that gox had overcome the new year holiday, but situation is clearly critic.

After .gox price raise,  their market seems more a manipulation fiction than anything real !!! I guess this was the main issue there ! Can’t see other responsible than themselves . What happened there for several months was not the natural behaviour of market !

Eventually they are just correcting an unsustainable situation, or eventually they already screwed up ! Soon we will know the true story !
member
Activity: 101
Merit: 10
February 07, 2014, 01:22:33 PM

I am willing to sell you the following at 90% of the face value:

476.22140850 BTC in Mt.Gox user interface
58.59 BTC in delayed transfers.


WOW, you must have huge balls to keep such an amount on Scox.

Generally speaking, I think we should fasten our seat belts and get ready for the worst scam in Bitcoin history. Let's face the facts. Most likely, the story about a technical issue is plain bullcrap. And by now, also the most naive Bitcoiner must have realized that Mt.Gox is not to be trusted as a trading platform leaving those crooks with only two options.

A: Take hundreds of millions in customer funds and disappear enjoying la dolce vita on some private island somewhere in the Pacific.
B: Announce that everything is back to normal and watch 99% of all customers instantly withdraw their coins.

As far as I am concerned, it's kinda obvious what it's going to be.

Not only do they face a simple decision, but it also seems like they got ready for this very moment quite a while ago. According to the article "The rise and fall of the world's largest bitcoin exchange" published on wired.co.uk (7th of November 2013), Mt.Gox not even has a physical office anymore. And of course Karpeles and his gang weren't seen in a very long time as well. Plus, they might start feeling some heat after Shrem and Faiella's arrest. 

Well, let's hope for the best while preparing for the worst.

Good luck.

With his pudgy face all over Internet, Mark is gonna need a serious plastic intervention before he could entertain such an idea. Also, Pacific doesn't have a whole lot of private islands anymore. And the Caribbean is vast, but not totally uninhabited.

legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
February 07, 2014, 12:50:37 PM
i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.
Yes but three weeks have passed since 12 and 14 January. 
Note my emphasis.
Presumably he means he cancelled them this week.
Note the italics then.  How can reading be this hard?
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
February 07, 2014, 12:34:36 PM
i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.
Yes but three weeks have passed since 12 and 14 January. 
Note my emphasis.
legendary
Activity: 889
Merit: 1000
February 07, 2014, 12:26:17 PM
Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a new level. To understand the issue thoroughly, the system needs to be in a static state. It is a shame that the few users who have had their transactions stuck have caused this epidemic panic.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a calculation of available bitcoin in wallet.

As you can see we have returned all bitcoins from the stuck transactions. You can access your mt gox wallet page and see that they are indeed intact.

Mt Gox Team
hero member
Activity: 868
Merit: 1000
February 07, 2014, 12:23:28 PM
how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?

They've stopped Bitcoin withdrawals.

https://www.mtgox.com/press_release_20140207.html

Quote
Statement Regarding BTC Withdrawal Delays
Tokyo - JAPAN - February 07, 2014
Dear MtGox Customers,
In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.
In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.
We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 


Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).


We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 

Sincerely,
The MtGox Team
newbie
Activity: 8
Merit: 0
February 07, 2014, 12:21:44 PM
i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.

Yes but three weeks have passed since 12 and 14 January. 
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
February 07, 2014, 12:21:00 PM

Your "OMG THEY R GOIN DOWN" theories are based on speculation just as much as my "everything's gonna be alright eventually, be patient" theory.

It seems pretty logical that they're going to go down sooner or later as they cannot sustain their current business practises.
hero member
Activity: 630
Merit: 500
February 07, 2014, 12:19:13 PM
Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a new level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a calculation of available bitcoin in wallet.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet if we have BTC in wallet.
you must have in mind,we have lot expense. do you now how much cost baying  private island somewhere in the Pacific and building private airport and marina for superyacht of our team.Baying house,condo,car,yacht for first wife,second wife children first wife,second wife for us and our team,divorce is very expensive in Japan.
We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 


Sincerely,

The MtGox Team
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
February 07, 2014, 12:07:57 PM
because literally EVERYTHING related to bitcoin is a scam.

I cashed out of bitcoin and I am literally done, I will not buy back in at any price.

Physical metals are the best alternative currency, not cryptogarbage.


Great. Please be careful and don't let the door hit you on the way out.

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