Author

Topic: Poll: Gox verification queue. cash out/invest/just in case (Read 1215 times)

legendary
Activity: 840
Merit: 1000
Newbs are entering the market so the can sell all the bitcoins they don't have yet and only heard about a couple days/weeks ago.  Tongue
member
Activity: 110
Merit: 10
You don't need to be verified to sell bitcoins on Mt. Gox. I suspect the vast majority of people cashing out have already sold their bitcoins and are just sitting with fiat in Mt. Gox waiting to be verified to withdraw to their bank.

But new investors wanting to get in have yet to buy their bitcoins because you need to be verified first before you can transfer funds to Mt. Gox.
sr. member
Activity: 322
Merit: 250
Obviously newbies aren't coming to sell BTC because they don't even own BTC yet. Anyone new to the market can only possibly be there to buy.

LOL, I've been on Gox since before the '11 crash and I'm still not verified.  I still won't trade on Gox, I've moved on.  Though I do still hold some BTC there.

Quote
Buy, of course. Once the newbies start getting verified, we're going to have loads of money coming into BTC.

Says the idiot who asked if low-double digits was time to buy.... Nice hindsight and future predictions.  Wow.
legendary
Activity: 1692
Merit: 1018
Could these customers have tried to sign up when the price was rocketing upwards of 30% every day hoping to catch the wave, but now that it's passed them they won't want to inject money once verified?  Signing up is free.
hero member
Activity: 501
Merit: 500
I'm not verified but I consider getting verified just in case when they get their queue cleared. I'm pretty much all fiat on MtGox and I'm in no hurry to withdraw, but if MtGox somehow goes bust, I think "already-verified" customers have better chances of getting their money out.
newbie
Activity: 28
Merit: 0
Obviously newbies aren't coming to sell BTC because they don't even own BTC yet. Anyone new to the market can only possibly be there to buy.

I dont think its that simple

I am a newbie, having 1k $ there.
Because i buy 75btc last year in cash here in Latvia
I just never got verified before now (1 week ago)

I think first-time goxxers who already have acquired BTC through some other means are in the extreme minority.
member
Activity: 70
Merit: 10
There should be an option for 'gox verification queue length = a big fat lie'.


I dont think its a lie
I was waiting almost 2 weeks, from nr 8000
member
Activity: 70
Merit: 10
Obviously newbies aren't coming to sell BTC because they don't even own BTC yet. Anyone new to the market can only possibly be there to buy.

I dont think its that simple

I am a newbie, having 1k $ there.
Because i buy 75btc last year in cash here in Latvia
I just never got verified before now (1 week ago)


newbie
Activity: 21
Merit: 0
There should be an option for 'gox verification queue length = a big fat lie'.
newbie
Activity: 28
Merit: 0
Obviously newbies aren't coming to sell BTC because they don't even own BTC yet. Anyone new to the market can only possibly be there to buy.
member
Activity: 70
Merit: 10
Im relativly new in Bitcoin.. maybe the poll should be different made Smiley
I just wonder what all those people want.

maybe someone else made a simular pool, with better options to vote
then i delete this pool 
b!z
legendary
Activity: 1582
Merit: 1010
Buy, of course. Once the newbies start getting verified, we're going to have loads of money coming into BTC.
member
Activity: 70
Merit: 10
What you think about Gox mile long verification queue ?
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