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Topic: MtGox withdrawal delays [Gathering] - page 210. (Read 908613 times)

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 04:26:03 PM
MtGox is not right for anybody who doesn't intend to use SEPA (and even then it might not be right for you if you dislike waiting a month or more) or JPY domestic transfers for withdrawal.

You know, SWIFT handles any currency.

Where did you get the Part about JPY domestic transfers taking a month?
I didn't, I was referring to SEPA.

Also, I am not sure what we are arguing here. MtGox's overall Bitcoin volume (all currencies!) is rapidly detiorarating: http://bitcoinity.org/markets/list?currency=ALL&span=7d This is proof enough. There is no excuse vs. btc-e and bitstamp who have fewer currencies and non-0 fees.

I don't even know for how much longer they will be able to continue to exist unless they fix withdrawals. The thing about this death spiral is that now, people are biginning to leave who value liquidity/volume which MtGox is continuing to lose.

Blitz thanks for the link I'll pass it on.

http://bitcoinity.org/markets/list?currency=ALL&span=7d

Death spiral ...looking more like it everyday.
N12
donator
Activity: 1610
Merit: 1010
January 15, 2014, 04:22:33 PM
MtGox is not right for anybody who doesn't intend to use SEPA (and even then it might not be right for you if you dislike waiting a month or more) or JPY domestic transfers for withdrawal.

You know, SWIFT handles any currency.

Where did you get the Part about JPY domestic transfers taking a month?
I didn't, I was referring to SEPA.

Also, I am not sure what we are arguing here. MtGox's overall Bitcoin volume (all currencies!) is rapidly detiorarating: http://bitcoinity.org/markets/list?currency=ALL&span=7d This is proof enough. There is no excuse vs. btc-e and bitstamp who have fewer currencies and non-0 fees.

I don't even know for how much longer they will be able to continue to exist unless they fix withdrawals. The thing about this death spiral is that now, people are biginning to leave who value liquidity/volume which MtGox is continuing to lose.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 04:14:13 PM
Yes I agree. I am a fool who refuses to use an exchange that mistreats its customers and has USD withdrawal problems.
85% of MtGox's customers are from countries not using USD.  If you are among the minority who use USD and you don't need other features than the most basic selling of BTC and USD withdrawal, MtGox is not right for you at the moment.

I use many exchanges.  So far I have only withdrawn fiat from two of them.  Fiat withdrawal is not a big issue for me, as long as I can withdraw from one of the exchanges I use.  Features, API, liquidity, etc is much more important.  Those are properties I use every day, while fiat withdrawal is rare.  If you need to withdraw fiat in a hurry, it will always be faster to move your BTC to a local exchange, sell it and withdraw your local currency from there.

85%?

Proof please?

Also total volume in currency value traded is probably more important statistic than what country they are from. It's where the volume of BTC traded shows which currency is used and is most desired to trade for BTC.

Why do you reckon most BTC  volume traded on gox is in USD if it is preferred curreny to withdraw?
N12
donator
Activity: 1610
Merit: 1010
January 15, 2014, 04:12:11 PM
MtGox is not right for anybody who doesn't intend to use SEPA (and even then it might not be right for you if you dislike waiting a month or more) or JPY domestic transfers for withdrawal.

You know, SWIFT handles any currency.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
January 15, 2014, 04:04:47 PM
Yes I agree. I am a fool who refuses to use an exchange that mistreats its customers and has USD withdrawal problems.
85% of MtGox's customers are from countries not using USD.  If you are among the minority who use USD and you don't need other features than the most basic selling of BTC and USD withdrawal, MtGox is not right for you at the moment.

I use many exchanges.  So far I have only withdrawn fiat from two of them.  Fiat withdrawal is not a big issue for me, as long as I can withdraw from one of the exchanges I use.  Features, API, liquidity, etc is much more important.  Those are properties I use every day, while fiat withdrawal is rare.  If you need to withdraw fiat in a hurry, it will always be faster to move your BTC to a local exchange, sell it and withdraw your local currency from there.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 03:38:04 PM
Page 142 and counting.

Yes I agree. I am a fool who refuses to use an exchange that mistreats its customers and has USD withdrawal problems.

Yet I'm able to gain access to my funds via international or domestic wires without large delays. Only a fool would go that route as opposed to depositing BTC into the blackhole known mtgox and not being able to withdraw usd in a reasonable amount of time.

Such a fool I am  Cheesy
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
January 15, 2014, 06:54:55 AM
There is no need to withdraw fiat from MtGox to make profit on e.g. arbitrage trade.  Many people don't get that, which makes it very profitable for the rest of us.
Oh, most people get it, dont you worry. I hope everybody keeps on pumping hard cash into the normal exchanges and Gox keeps on sitting on a pile of BTCs.
If that's how you think it works, you didn't get it. Wink
legendary
Activity: 1316
Merit: 1003
January 15, 2014, 06:38:08 AM
There is no need to withdraw fiat from MtGox to make profit on e.g. arbitrage trade.  Many people don't get that, which makes it very profitable for the rest of us.
Oh, most people get it, dont you worry. I hope everybody keeps on pumping hard cash into the normal exchanges and Gox keeps on sitting on a pile of BTCs.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
January 15, 2014, 06:36:46 AM
Man, I like your style Sturle. Landsmann far indre østland her. Do you have any problems with withdrawing to NOK. I did in Mid November and nothing yet. Got a mail from support saying the have it on record but working through the massive withdrawal requests. Do you know if they still process this manually. And will mayzus be an option in the future.
I was afraid NOK would take a long time as well. :-(

Moneypolo will be an option in the future.  I don't know when, but expect soonish.  They will have to do some integration work to make the process smooth.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
January 15, 2014, 06:33:03 AM
Withdraw   Status: confirmed going on 4 months now and Gox support has no idea when.
Sturle and this one....
Omega, you may want to provide more proof of your claim if possible this way Sturle and other EMPTY-Gox-kool-aid drinkers can be outed.
He never mentioned currency.  If it is USD, you can expect it to take an infinite time until US restrictions are lifted.  MtGox are only able to process 10 USD withdrawals daily through a third party at a high fee (2 x 2.5% currency exchange fees, and then some for the transfer itself).  Look back in the thread for references and quotes from MagicalTux.
full member
Activity: 183
Merit: 100
January 15, 2014, 06:30:22 AM
As I said, just because you say something ...doesn't make it true.
Yeah, because my dad says so!

Please, you are just showing what a fool you are.  Instead of claiming that I am a liar on a general basis, you should point out what you think is a lie so I can prove it isn't.

Quote
Perception is a funny thing. You can go on having your perception of what GOX is doing and has been done to them and keep drinking the Kool-aid until it is MT. Kiss
I prefer to base my view on objective facts, not subjective perception.  This is how I can point out your errors.  It is very easy as long as you keep ignoring the facts and only base your views on distorted hearsay.

Quote
Oh and one last thing, it's funny that other exchanges i've used actually allow me to withdraw funds eons faster than current MTGOX customers who want USD out. Yet the amount of traded volume of other exchanges like Bitstamp and BTC-e are equal if not higher than GOX, yet....you think their "growth" in withdrawals like MTGOX is causing massive delays of weeks and months?
Why don't you read back in the thread where this has been thoroughly discussed so you could ask an intelligent question?  I am tired of pointing everything out over and over and over.

I don't care much about USD anyway.  I don't trade much in USD and rarely withdraw any fiat.  There is no need to withdraw fiat from MtGox to make profit on e.g. arbitrage trade.  Many people don't get that, which makes it very profitable for the rest of us.

Man, I like your style Sturle. Landsmann far indre østland her. Do you have any problems with withdrawing to NOK. I did in Mid November and nothing yet. Got a mail from support saying the have it on record but working through the massive withdrawal requests. Do you know if they still process this manually. And will mayzus be an option in the future.
legendary
Activity: 1437
Merit: 1002
https://bitmynt.no
January 15, 2014, 06:20:08 AM
As I said, just because you say something ...doesn't make it true.
Yeah, because my dad says so!

Please, you are just showing what a fool you are.  Instead of claiming that I am a liar on a general basis, you should point out what you think is a lie so I can prove it isn't.

Quote
Perception is a funny thing. You can go on having your perception of what GOX is doing and has been done to them and keep drinking the Kool-aid until it is MT. Kiss
I prefer to base my view on objective facts, not subjective perception.  This is how I can point out your errors.  It is very easy as long as you keep ignoring the facts and only base your views on distorted hearsay.

Quote
Oh and one last thing, it's funny that other exchanges i've used actually allow me to withdraw funds eons faster than current MTGOX customers who want USD out. Yet the amount of traded volume of other exchanges like Bitstamp and BTC-e are equal if not higher than GOX, yet....you think their "growth" in withdrawals like MTGOX is causing massive delays of weeks and months?
Why don't you read back in the thread where this has been thoroughly discussed so you could ask an intelligent question?  I am tired of pointing everything out over and over and over.

I don't care much about USD anyway.  I don't trade much in USD and rarely withdraw any fiat.  There is no need to withdraw fiat from MtGox to make profit on e.g. arbitrage trade.  Many people don't get that, which makes it very profitable for the rest of us.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 04:58:37 AM
Withdraw   Status: confirmed going on 4 months now and Gox support has no idea when.

Sturle and this one....

Omega, you may want to provide more proof of your claim if possible this way Sturle and other EMPTY-Gox-kool-aid drinkers can be outed.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 04:57:09 AM
Hi,

2013/11/29    Withdraw   Status: confirmed
2013/11/28    Withdraw   Status: confirmed   
2013/11/18    Withdraw   Status: confirmed   

And ... Nothing on my bank account  Cry



Don't use mtgox.




Sturle you paying attention?....^
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
January 15, 2014, 04:51:47 AM
Sorry, I don't know if you are retarded or just a clueless kid who joined the mob without checking any facts.  There are single days in December 2013 with more volume on MtGox than entire June (measured in fiat currency, which what matters when it comes to revenue). Increasing delays ... is a sign of a growing business as well.
Bolded part made my day. lol
Must be because you have no idea of what it means.
Quote
Yes all of a sudden the delays since June are considered "growing pains" and thus are a symptom of MTGOX growing too fast for the last 8 months. LOL!
Do you think so?

Since you obviously have been living under a rock for most of your life, and probably haven't read this thread: The delays are caused by banks limiting how much they are able to transfer out each day.  Currently about 1.1M USD/day.  Increasing delays + increasing order book means growth.  Why do you find the growth funny?

Quote
Yet the amount of BTC volume traded on Gox has decreased quite a bit since 8 months ago. Again LOL...
Yes, the volume in BTC has decreased on most exchanges since April last year, except for some new ones and China.

Quote
If you missed it my comment about "special kids" was referring to when MTGOX had their USD in a Dwolla account that was seized/frozen. Implying MTGOX are also even more "Special Kids" given they were outsmarted by the ordinary "Special Kids" from DHS.
MtGox only had some petty cash in their Dwolla account.  A few days worth of money in transit.  If you think MtGox stored Dwolla for money storage, you are mistaken.  This is explained in the DHS report as well.  Mutum Sigillum's accounts were sized for transmitting money to and from MtGox in Japan, not storage.  Storage is legal.  Transmitting money without a license is not.  I don't expect you to understand any of this, of course.  You probably didn't read this far anyway.  Too much text and no pictures.

As I said, just because you say something ...doesn't make it true.

Perception is a funny thing. You can go on having your perception of what GOX is doing and has been done to them and keep drinking the Kool-aid until it is MT. Kiss

Oh and one last thing, it's funny that other exchanges i've used actually allow me to withdraw funds eons faster than current MTGOX customers who want USD out. Yet the amount of traded volume of other exchanges like Bitstamp and BTC-e are equal if not higher than GOX, yet....you think their "growth" in withdrawals like MTGOX is causing massive delays of weeks and months?

Nope, it takes days, not weeks nor months to get USD out.

Oh and with your so called "insults" you keep throwing my way...sticks and stones buddy.   Grin Grin Grin
sr. member
Activity: 280
Merit: 250
January 15, 2014, 04:03:55 AM
Withdraw   Status: confirmed going on 4 months now and Gox support has no idea when.
newbie
Activity: 19
Merit: 0
January 14, 2014, 12:40:08 PM
Hi,


International Wire Transfers ...
hero member
Activity: 792
Merit: 1000
Bite me
January 14, 2014, 12:36:45 PM
Hi,

2013/11/29    Withdraw   Status: confirmed
2013/11/28    Withdraw   Status: confirmed   
2013/11/18    Withdraw   Status: confirmed   

And ... Nothing on my bank account  Cry



Don't use mtgox.



what method
SEPA ? - queue is like 4-6 weeks depending
wire transfer [that is for USD / UKP] ? queue is <-------------------------------------------------------------------> this long
newbie
Activity: 19
Merit: 0
January 14, 2014, 11:59:02 AM
Hi,

2013/11/29    Withdraw   Status: confirmed
2013/11/28    Withdraw   Status: confirmed   
2013/11/18    Withdraw   Status: confirmed   

And ... Nothing on my bank account  Cry



Don't use mtgox.


N12
donator
Activity: 1610
Merit: 1010
January 14, 2014, 11:06:47 AM
Never forget Roger Ver Jul 17, 2013: https://www.youtube.com/watch?feature=player_detailpage&v=UP1YsMlrfF0

Guys, it's all the traditional banking system's fault, it's totally not MtGox's incompetence or inability to find a decent banking partner.
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