MtGox withdrawal delays [Gathering] - page 264.

Radacoin

sr. member

Activity: 255

Merit: 250

Quote from: sturle on October 01, 2013, 07:23:54 AM

Terribly stupid time to lose your patience. Your money are right around the corner, and you will lose at least 13% of the value by this method (including fees). But please don't let me stop you or give you second thoughts about this. Your loss will become my profit. Grin

As it seems I have done the right thing: Withdraw my Bitcoins from MtGox, take the 15% hit - and sell at Bitstamp. The money is already in my bank account.

All happened before Bitcoin tanked Grin

What about your ~~profit~~ loss?

sturle

legendary

Activity: 1437

Merit: 1002

https://bitmynt.no

Quote from: epetroel on October 02, 2013, 12:37:09 PM

Seems like they can process 10 wires a day right now. How many checks could Mark sign and mail in a day? Wouldn't scale to 600k customers, but would certainly help to get things caught up.

See previous discussions about checks in this thread.

mp420

hero member

Activity: 501

Merit: 500

Quote from: dudel42 on October 02, 2013, 02:15:49 PM

yes, money arrived in my bank today 8/31 -> 10/2... I liked it better when it was within a week!

Neat. We have a data point. Now we can start to estimate when withdrawals initiated on some day might be processed; just look at the EUR volume and extrapolate from the lengthening of the delay. I think it's a reasonable assumption that the trade volume correlates with the withdrawal volume.

dudel42

member

Activity: 111

Merit: 10

Quote from: sturle on October 02, 2013, 09:46:10 AM

Quote from: dudel42 on October 01, 2013, 02:21:03 PM

My SEPA withdrawal from August 31st still hasn't arrived, still in status "confirmed" as it has been the last five weeks. Hope this really gets processed soon...

edit: actually just changed to "pending" this evening, fingers crossed!

Did you receive the money today?

yes, money arrived in my bank today 8/31 -> 10/2... I liked it better when it was within a week!

PhoneBloks

full member

Activity: 238

Merit: 100

Quote from: Luno on October 02, 2013, 01:38:46 PM

That crappy English in the vid! I had this guy writing my support ticket I'm sure he works there for real.

yea there are some mistakes : DDD

btw: gox gone bankrupt ? bitcoin price dropped by 35 % at bitstamp

Luno

sr. member

Activity: 504

Merit: 250

That crappy English in the vid! I had this guy writing my support ticket I'm sure he works there for real.

PhoneBloks

full member

Activity: 238

Merit: 100

Quote from: epetroel on October 02, 2013, 12:37:09 PM

Quote from: sturle on October 02, 2013, 09:49:26 AM

Quote from: Nagle on October 02, 2013, 02:25:44 AM

Right. If Mt. Gox 1) had the money, and 2) wanted to pay it out, they could find a way. It really isn't hard to send money if you have it.

In a legal way which scales to 600000 customers? How?

Seems like they can process 10 wires a day right now. How many checks could Mark sign and mail in a day? Wouldn't scale to 600k customers, but would certainly help to get things caught up.

Got some interesting video for you all

Possible solution for Gox withdrawals Wink

http://www.youtube.com/watch?v=mvT8fCUmU3Q&feature=youtu.be

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: sturle on October 02, 2013, 09:49:26 AM

Quote from: Nagle on October 02, 2013, 02:25:44 AM

Right. If Mt. Gox 1) had the money, and 2) wanted to pay it out, they could find a way. It really isn't hard to send money if you have it.

In a legal way which scales to 600000 customers? How?

Seems like they can process 10 wires a day right now. How many checks could Mark sign and mail in a day? Wouldn't scale to 600k customers, but would certainly help to get things caught up.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: sturle on October 02, 2013, 09:49:26 AM

Quote from: Nagle on October 02, 2013, 02:25:44 AM

Right. If Mt. Gox 1) had the money, and 2) wanted to pay it out, they could find a way. It really isn't hard to send money if you have it.

In a legal way which scales to 600000 customers? How?

Bitcoin

sturle

legendary

Activity: 1437

Merit: 1002

https://bitmynt.no

Quote from: Nagle on October 02, 2013, 02:25:44 AM

Right. If Mt. Gox 1) had the money, and 2) wanted to pay it out, they could find a way. It really isn't hard to send money if you have it.

In a legal way which scales to 600000 customers? How?

sturle

legendary

Activity: 1437

Merit: 1002

https://bitmynt.no

Quote from: dudel42 on October 01, 2013, 02:21:03 PM

My SEPA withdrawal from August 31st still hasn't arrived, still in status "confirmed" as it has been the last five weeks. Hope this really gets processed soon...

edit: actually just changed to "pending" this evening, fingers crossed!

Did you receive the money today?

lervi

newbie

Activity: 41

Merit: 0

still waiting for my MtGox withdrawal !!! Lips sealed

dzzima

newbie

Activity: 30

Merit: 0

Quote from: Nagle on October 02, 2013, 02:25:44 AM

Right. If Mt. Gox 1) had the money, and 2) wanted to pay it out, they could find a way. It really isn't hard to send money if you have it.

very true....

Actually, the highest BTC price on the market is explained solely by unability to withdraw money from mtgox. It means your dollars "inside" mtgox cost less... or nothing. Actually, less untill you can convert them to btc and withdraw. That was exactly my choice.

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: tvbcof on October 01, 2013, 02:43:28 PM

Me thinks that Mt. Gox could solve the crisis of getting money to large swaths of their userbase...

Where there is a will there is a way. We used to be able to get millions of dollars out to cash buyers literally floating on small craft in the middle of the Bering Sea, and that was 1970's and 1980's dollars.

Right. If Mt. Gox 1) had the money, and 2) wanted to pay it out, they could find a way. It really isn't hard to send money if you have it.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: YipYip on October 01, 2013, 07:55:04 PM

We are not talking chicken feed here so it would be worth teh hassle to setup a shell in a wire friendly location ..ireland,cayman islds, swiss ...the countrys are endless and do 1 tx to this account and then distribute en masse

Absolutely! As clearly the Japanese banking system still uses the abacus and carrier pigeons then why doesn't mtgox do exactly this ^^^ (unless they don't have the money Huh

)

YipYip

hero member

Activity: 574

Merit: 500

I think its funny (bad) that i check in every 3-4 weeks and its the same bullshit with GOX

as with tvbcof where there is a will there is a way

We are not talking chicken feed here so it would be worth teh hassle to setup a shell in a wire friendly location ..ireland,cayman islds, swiss ...the countrys are endless and do 1 tx to this account and then distribute en masse

It seems all too easy this situation keeps dragging on unless there is some benifit to somebody

tvbcof

legendary

Activity: 4690

Merit: 1276

Me thinks that Mt. Gox could solve the crisis of getting money to large swaths of their userbase rather easily by having an agent do cash deposits as does Bitcoin-Brokers. Seems to work fine and takes about a day for everyone to be happy as Bitcoin-Brokers implements things.

Where there is a will there is a way. We used to be able to get millions of dollars out to cash buyers literally floating on small craft in the middle of the Bering Sea, and that was 1970's and 1980's dollars. Ironically, most of this money originated from accounts in Japanese banks. Or at least it was Japanese firms who supplied the money. Those folks like fish!

dudel42

member

Activity: 111

Merit: 10

My SEPA withdrawal from August 31st still hasn't arrived, still in status "confirmed" as it has been the last five weeks. Hope this really gets processed soon...

edit: actually just changed to "pending" this evening, fingers crossed!

eiswuerfel

sr. member

Activity: 267

Merit: 250

iam still waiting

http://gyazo.com/d2502baac74f40a6103c222204ef6517

bnjmnkent

full member

Activity: 196

Merit: 100

Quote from: sturle

Noticed that OKPay deposits are back?

I noticed week(s?) ago and asked Mt.Gox support how this could be, as
the OKPay site's statement still is "do not trade with bitcoin exchanges".

Mt.Gox answer: "No OKPay atm, we will inform you on change..."

What an awkward feeling...

This being said, I love Mt.Gox, and when OKPay works both ways, this is
a real game changer imho.

Topic: MtGox withdrawal delays [Gathering] - page 264. (Read 908613 times)