Topic: MtGox withdrawal delays [Gathering] - page 241. (Read 908613 times)

"smart and friendly"? Like yourself?
megustabtc
Date Registered:    September 24, 2013, 12:31:55 PM
Activity: 6

All 6 posts about MtGox - and how great they are.

Fuck off, MtGox sock puppets ...

Ignore buttons do have a purpose

Thanks for the heads-up.

Sturle, please try to ignore insults from people like Frizz23 or at least answer all their funny arguments in one post per day. I know it's not your fault at all, but I guess asking the others to shut up is not worth the time. The more attention they get, the more they will post.

I guess those people hanging around here just because they have no other place to be, just seem more present, because they have time to write a lot of posts.
Just remember there are many smart and friendly people interested in helping the Bitcoin ecosystem here, who value your contributions

As we can deduce from the post above, you clearly have a few problems with your senses.  You probably see ducks everywhere.

I'll call fowl

One ought not impute invidious motives absent evidence.  Refute the data instead.
http://www.nizkor.org/features/fallacies/poisoning-the-well.html

WTF?  Where have I denied this?

I have just stated a couple of facts.  Like the fact that MtGox has a larger market share than Bitstamp, except for short bursts of volume at Bitstamp.  This still holds.  It holds for every listed time period at bitcoinity.

Where have you been the last week?  People have moved from Bitstamp to BTC China.  Where the action is.  People buy BTC at Bitstamp to move to BTC China to trade there.

I know. In fact everybody knows. Question is: Why does sturle deny this?

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck 

In the last days (weeks?) the difference between gox and bitstamp was ~10..11%,
it is now down to ~5% for roughly 20hrs. Any news?

It is not a fact.  It is a lie, and you know it.

Very few people have to buy BTC in the first place, but some investors will rather take the market by surprise by buying a large chunk at once, than keep pushing the prices up gradually.  Depends on your strategy.  Buying a large chunk may be the cheapest way in a falling market, since a gradual buy of that much will turn the sentiment, trigger other buyers to buy and make the purchase much more expensive.

I can give another reason as well: In a rising market, you will want to buy your BTC fast.  If you are in Japan, transfers to MtGox will get credited in a few hours.  An international transfer to another exchange will take days, and the price may increased more than 10% in a few days.

Nevertheless your question has no relevance to the thread.  MtGox does not depend on a steady stream of deposits to operate.  Their order book contains bids for 13.5 millions USD, and this has in fact increased lately.  Which means people have plenty of money there to trade for, and deposits probably do come in.  Otherwise the number should be decreasing, since we know for sure that millions leave MtGox via EUR and JPY withdrawals every month.  MtGox has cashed in a few 100k USD in fees as well the last week, as you can calculate yourself based on the volume.

Why do you keep asking this question?  Do you think it has any kind of relevance for anything related to this thread?

They don't, that's why Gox' market share is fading away. The fiat that's still being traded over there is probably "old" money for the largest part. You do realise that you don't necessarily need to buy your coins and move out immediately, right? A lot of people probably wired fiat to Gox before the problems started, and still day-trade over there today.

http://data.bitcoinity.org/#caaaabeiba

Now please shut up before you make an even bigger fool of yourself. 

It has no relevance to the topic of this thread 

But the fact that you are a pathetic MtGox sock puppet has relevance to the topic of this thread.


You do realize that nobody has to buy in one huge chunk?
You also do realize that MtGox is by far not as big anymore (as they have been 1 year ago) - hence there are plenty of alternatives, even for high volume transactions.

So my question is still unanswered: Why would anyone transfer money to MtGox to buy Bitcoin - when they can get Bitcoins at any other exchange for ~20$ less?

Such an angry little boy.  Did you get bad grades in school today?

Why do you keep asking this question?  It has no relevance to the topic of this thread.

I can give you the answer for some.  If you want to buy 20k BTC at the lowest possible price, you have to transfer money to MtGox.  Trying to buy that much on any other exchange will push the price too high due to a shallower order book.

You are a MtGox sock puppet. Go fuck yourself.

The question still is: Why would anyone transfer money to MtGox to buy Bitcoin - when they can get Bitcoins at any other exchange for ~20$ less?

?  All the data I based my forecast on is from public sources.  MtGox has not contributed.

I have been wrong in my volume to withdrawal time estimate.  I expected people who are doing arbitrage to withdraw as soon as possible after they had sold BTC, but it seems they are usually a day or two delayed.  The high volumes at September 9th and 11th led to a withdrawal peak from the 11th to the 13th.  This actually explains the peak at the end of August better as well.

So, have you collected enough data for a new, more realistic and not payed by Gox approach?

 Excellent choice, now you can enjoy the benefits of a working exchange

Dear MtGox
I canceled my withdrawal , bought back the coins and moving to bitstamp
it was (not-so) nice working with you but you can go fuck yourself
I hope you guys go bankrupt

This was some time ago. Is there still a delay for Eur Sepa transfers??