Author

Topic: MtGox withdrawal delays [Gathering] - page 171. (Read 908720 times)

legendary
Activity: 1232
Merit: 1195
February 07, 2014, 11:59:29 AM
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.
legendary
Activity: 1176
Merit: 1001
February 07, 2014, 11:55:25 AM
how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?
MtGox crashed, but the rest of the world really doesn't care.
legendary
Activity: 889
Merit: 1000
February 07, 2014, 11:40:39 AM
how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?
newbie
Activity: 42
Merit: 0
February 07, 2014, 11:29:58 AM
dumbest shit ive ever read after all that has transpired lolz  Too bad you can't fix broke or stupid, eh?

Coming from one of the most hysterical crybabies around. Shall I call the whaaaaaaaaambulance for you, or are you gonna be alright?
newbie
Activity: 42
Merit: 0
February 07, 2014, 11:27:53 AM
how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW.  

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.


I was making quite a few quids in October, without any problems. Not everyone is using USD.

It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally Smiley

No one has any official info apart from the few announcements Mark made here and there.

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.

Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum.

why would i be crying when i have no bitcoins in mtgox? you are too retarded for me to waste time responding to that dribble, go play in traffic oxygen thief.

then you're just making hysteria for NO REASON WHATSOEVER. And yet, you TOOK the time to respond. Must be a smart one Smiley
hero member
Activity: 1288
Merit: 524
Buzz App - Spin wheel, farm rewards
February 07, 2014, 11:27:20 AM
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.

member
Activity: 91
Merit: 10
February 07, 2014, 11:21:39 AM
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

 
legendary
Activity: 1428
Merit: 1000
February 07, 2014, 11:04:27 AM
Sturle, can you explain the logistics of such a trade? I would also be interested in buying up discounted mtgox CDSes (that's essentially what they are), if I could be confident that the trade could be accomplished securely. I don't think you can make Mtgox codes anymore? How are you going to transfer the Mtgox balance?
You can transfer BTC between MtGox accounts.  The sender can withdraw to the deposit address of the receiving account.  The transaction will be handled internally, and the transfer will not enter the blockchain.  (Unless you check "Open Transaction".  Don't do that.)

Okay, my goxBTC is for sale then!

Same here, 130.18 gox-btc on offer,  anyone?
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
February 07, 2014, 10:49:44 AM
how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW.  

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.


I was making quite a few quids in October, without any problems. Not everyone is using USD.

It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally Smiley

No one has any official info apart from the few announcements Mark made here and there.

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.

Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum.

why would i be crying when i have no bitcoins in mtgox? you are too retarded for me to waste time responding to that dribble, go play in traffic oxygen thief.
donator
Activity: 1722
Merit: 1036
February 07, 2014, 10:35:08 AM
Sturle, can you explain the logistics of such a trade? I would also be interested in buying up discounted mtgox CDSes (that's essentially what they are), if I could be confident that the trade could be accomplished securely. I don't think you can make Mtgox codes anymore? How are you going to transfer the Mtgox balance?
You can transfer BTC between MtGox accounts.  The sender can withdraw to the deposit address of the receiving account.  The transaction will be handled internally, and the transfer will not enter the blockchain.  (Unless you check "Open Transaction".  Don't do that.)

Okay, my goxBTC is for sale then!
legendary
Activity: 889
Merit: 1000
February 07, 2014, 10:31:59 AM
how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW.  

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.


I was making quite a few quids in October, without any problems. Not everyone is using USD.

It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally Smiley

No one has any official info apart from the few announcements Mark made here and there.

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.

Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum.


dumbest shit ive ever read after all that has transpired lolz  Too bad you can't fix broke or stupid, eh?
newbie
Activity: 42
Merit: 0
February 07, 2014, 10:30:17 AM
how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW. 

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.


I was making quite a few quids in October, without any problems. Not everyone is using USD.

It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally Smiley

No one has any official info apart from the few announcements Mark made here and there.

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.

Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
February 07, 2014, 10:26:46 AM
Sturle, can you explain the logistics of such a trade? I would also be interested in buying up discounted mtgox CDSes (that's essentially what they are), if I could be confident that the trade could be accomplished securely. I don't think you can make Mtgox codes anymore? How are you going to transfer the Mtgox balance?
You can transfer BTC between MtGox accounts.  The sender can withdraw to the deposit address of the receiving account.  The transaction will be handled internally, and the transfer will not enter the blockchain.  (Unless you check "Open Transaction".  Don't do that.)
hero member
Activity: 609
Merit: 506
February 07, 2014, 10:12:56 AM
I have noted a few things:  Nobody of those who spread rumours about MtGox running a fractional reserve or having solvency problems have taken up my offer of selling their MtGox BTC to me at 90% face value.  And I know several of them hold a balance on MtGox, because I frequently get questions about SEPA withdrawal delays and similar in private messages from them.  There are however many gullible bystanders who do.  People whom the manipulators have managed to scared the brains out of by spreading FUD.

Okay, I bite

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.

How to proceed?

Sturle, can you explain the logistics of such a trade? I would also be interested in buying up discounted mtgox CDSes (that's essentially what they are), if I could be confident that the trade could be accomplished securely. I don't think you can make Mtgox codes anymore? How are you going to transfer the Mtgox balance?
legendary
Activity: 889
Merit: 1000
February 07, 2014, 10:05:41 AM
mt gox is  a blatant liar or whomever put up their feeds. They said stuck withdrawls  only happened to limited users when it was in the thousands and thousands. Support sent same cut and paste emails mt gox is  done put a fork in them obv.  Lost total credibility with this fiasco.

how did price on gox go from 25 percent markup to almost market rate I wonder? Awesomeness for guy who flew to their offices and confronted that fat bastard.
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
February 07, 2014, 09:49:09 AM
once people get their stuck bitcoins there might be heavy selling again

i don't think there will be heavy selling, if the withdrawal gate does open next week, it is not a smart move to sell now, people are paying huge price to sell at shit discount earlier today; over the next two days, as more clarity emerges, the price will only one way up and shoot to the moon again.

 Cheesy Cheesy Cheesy Cheesy
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
February 07, 2014, 09:47:56 AM

FYI, this is very concerning. Didnt realize it, but checked mtgox market depth and it's true. There already seem to be a slow run on the bank with mtgox.

Not to create panic, but i suggest anyone with money/bitcoin in mtgox to get it out for safekeeping. Right now people are still walking towards the exit, you dont want to wait until it becomes a stampede.  It's pretty obvious at this rate, the bitcoins will be drained out due to mtgox inability to withdraw funds, and now even majority bitcoin withdraw is getting delayed.

I work in the financial industry for a long time, this is no different than a run on a fund, you dont want to be the last one in it trying to get out, always be the first. Yes it may not come to that, but why take the risk by leaving your bitcoins in mtgox?

I have converted the remaining balance in mtgox to bitcoin and submitted the withdraw request to get all of it out.

repost....

i will say again, whatever you believe about mtgox and unicorns, there is no reason, absolutely NONE, to leave your fiat or bitcoins in mtgox.

All risk, no reward.

Thanks, great idea, great advice, Cpt. Obvious!

Oh wait... isn't the problem in the first place that people HAVE TO leave their fiat/btc @ mtgox, because they CAN NOT do a withdrawal?

how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW. 

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking®ulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.



newbie
Activity: 56
Merit: 0
February 07, 2014, 09:18:30 AM
once people get their stuck bitcoins there might be heavy selling again

hold your coins tight, you will regret selling now, i don't think there will be heavy selling, if the withdrawal gate does open next week, it is not a smart move to sell now, people were paying huge price to sell at shit discount earlier today; over the next two days, as more clarity emerges, the price will only one way up and shoot to the moon again.
member
Activity: 97
Merit: 10
February 07, 2014, 09:16:36 AM

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.
newbie
Activity: 56
Merit: 0
February 07, 2014, 09:15:27 AM
all my coins are back to account, the backlogs seems to be removed in stages; there must be some control mechanism next week to ensure steady withdrawal ? otherwise it will flood to the moon.
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