I think only a few of them are what I'd call viable in the long term, most of them are complete shit.
Do tell, which are viable, which are shit.
All are shit besides those you hold. And bitcoin, regardless.
Exactly
Topic: This might just explains the whole Gox situation (included poll, please vote) (Read 2276 times)
January 16, 2014, 11:27:26 AM
Do tell, which are viable, which are shit.
All are shit besides those you hold. And bitcoin, regardless.
Exactly
January 16, 2014, 11:18:54 AM
I think only a few of them are what I'd call viable in the long term, most of them are complete shit.
Do tell, which are viable, which are shit.
All are shit besides those you hold. And bitcoin, regardless.
January 15, 2014, 02:47:30 AM
I think only a few of them are what I'd call viable in the long term, most of them are complete shit.
Do tell, which are viable, which are shit.
no please don't, I don't want this thread to go out of context....
January 14, 2014, 11:14:38 PM
I think only a few of them are what I'd call viable in the long term, most of them are complete shit.
Do tell, which are viable, which are shit.
January 14, 2014, 10:12:52 PM
I have just over $120k sitting in my account on MtGox at the moment with no bids on the orderbook.
When I think it's time to buy I will do so but right now I have no plans for buying and holding BTC.
Time to buy might have nothing to do with the current Bitcoin price itself. These days I've been using it as a medium of transfer between exchanges and different coins.
I know there's a lot of haters of Altcoins around here but these people are going to realise soon enough that some of the Alts are going to become worthwhile investments and are going to be here for the long term.
I think only a few of them are what I'd call viable in the long term, most of them are complete shit.
When I think it's time to buy I will do so but right now I have no plans for buying and holding BTC.
Time to buy might have nothing to do with the current Bitcoin price itself. These days I've been using it as a medium of transfer between exchanges and different coins.
I know there's a lot of haters of Altcoins around here but these people are going to realise soon enough that some of the Alts are going to become worthwhile investments and are going to be here for the long term.
I think only a few of them are what I'd call viable in the long term, most of them are complete shit.
January 14, 2014, 07:27:01 PM
Well I am on the other end, waiting for an ill advised wire transfer to show up in my account. I have been waiting for months. Why oh why did I send money to Gox I have no idea. I thought how could the largest exchange not take me as a new customer. I was going to buy my coins and put them in cold storage. Never happened. Uggh
I am now almost 100% certain that Gox immediately used my wire transfer to pay either someone else's withdrawal or their own bills. My money is likely gone forever.
I am now almost 100% certain that Gox immediately used my wire transfer to pay either someone else's withdrawal or their own bills. My money is likely gone forever.
January 14, 2014, 07:15:29 PM
I somehow liked mt.gox, my first exchange with higher price than everyone else and this flavor of risk "will they process withdrawal this time". But recently I feel fucked. I am waiting more than two months on my last withdrawals( and from my perspective quite decent money is on the stake ). I am getting tired of that game I am thinking on switching to something else although not much choice in my country
January 14, 2014, 06:48:25 PM
I asked this before, but I will ask it again, do you guys still trade at gox and do you have funds sitting there ? for people who are waiting for withdrawals, how long are you waiting now ?
and the most important, do you think gox will survive ? or will it suddenly shut down ? or you think they can solve all the problems they are having now ?
and the most important, do you think gox will survive ? or will it suddenly shut down ? or you think they can solve all the problems they are having now ?
got both € and btc there - a nice extra on the price makes it worth it. I received 3/3 SEPA withdrawals in last two month, delay was 3-6weeks.
January 14, 2014, 06:41:19 PM
Only thing that could save Mtgox is to start trading Litecoin.
January 14, 2014, 01:26:17 PM
mtgox has responded to that news article https://www.mtgox.com/press_release_20140114.html
Copy paste
TOKYO - JAPAN - January 14, 2014
Dear Customers
Recently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions.
MtGox has always endeavored to prevent its online Bitcoin exchange service from being used for illegal or illicit purposes, including implementing AML/KYC policies and procedures which are being regularly improved and updated as MtGox has grown and had to address new threats and issues. MtGox, through its US subsidiary has been legally registered as a money services business with FinCEN as of June 27, 2013.
Regards
Mt.Gox Co. Ltd Team.
Mt.Gox Contact [email protected]
Copy paste
TOKYO - JAPAN - January 14, 2014
Dear Customers
Recently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions.
MtGox has always endeavored to prevent its online Bitcoin exchange service from being used for illegal or illicit purposes, including implementing AML/KYC policies and procedures which are being regularly improved and updated as MtGox has grown and had to address new threats and issues. MtGox, through its US subsidiary has been legally registered as a money services business with FinCEN as of June 27, 2013.
Regards
Mt.Gox Co. Ltd Team.
Mt.Gox Contact [email protected]
it's like play the ultimate monopoly game (
ps0-> on my square now... I am doing research on natural language (not only spoken one) but signals in general. My layer 3 address is the same 18.x :: 3ffe
Semiotics: the study of signs
http://www.youtube.com/watch?v=rEgxTKUP_WI
ps1-> jsut for fun
https://ircs-web.thc.org/
--good lucky every one.
January 14, 2014, 12:51:51 PM
Apparently people view MtGox less harshly than I would have thought.. maybe people new-ish to bitcoin?
If there's been a reoccurring theme to them that I've noticed over the years, it's incompetence.
Whatever happened to that shiny new trading engine, anyway? Totally understandable though, even if "open-source software solved that like a decade ago, and an undergrad CS major could probably fix their shit in a semester."
If there's been a reoccurring theme to them that I've noticed over the years, it's incompetence.
Whatever happened to that shiny new trading engine, anyway? Totally understandable though, even if "open-source software solved that like a decade ago, and an undergrad CS major could probably fix their shit in a semester."
January 14, 2014, 08:30:42 AM
mtgox has responded to that news article https://www.mtgox.com/press_release_20140114.html
Copy paste
TOKYO - JAPAN - January 14, 2014
Dear Customers
Recently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions.
MtGox has always endeavored to prevent its online Bitcoin exchange service from being used for illegal or illicit purposes, including implementing AML/KYC policies and procedures which are being regularly improved and updated as MtGox has grown and had to address new threats and issues. MtGox, through its US subsidiary has been legally registered as a money services business with FinCEN as of June 27, 2013.
Regards
Mt.Gox Co. Ltd Team.
Mt.Gox Contact [email protected]
Copy paste
TOKYO - JAPAN - January 14, 2014
Dear Customers
Recently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions.
MtGox has always endeavored to prevent its online Bitcoin exchange service from being used for illegal or illicit purposes, including implementing AML/KYC policies and procedures which are being regularly improved and updated as MtGox has grown and had to address new threats and issues. MtGox, through its US subsidiary has been legally registered as a money services business with FinCEN as of June 27, 2013.
Regards
Mt.Gox Co. Ltd Team.
Mt.Gox Contact [email protected]
January 13, 2014, 07:27:31 PM
I asked this before, but I will ask it again, do you guys still trade at gox and do you have funds sitting there ? for people who are waiting for withdrawals, how long are you waiting now ?
I have a $1000 withdrawl by international wire that has been pending since July. I'm reasonably certain at this point that it is money I will never see again.All the rest of my funds were withdrawn as BTC around that time. I have no active funds over there and haven't for a while.
As for Mt. Gox's future? I don't think they have a future in BTC/USD trades, and don't understand why US folks continue to use it; there is simply no way to get your money out to a US bank account, and there's no indication that they'll ever find a solution to that. However, the last I heard, SEPA and domestic (Japanese) wire withdrawls were still operational, so it's possible they can continue as an exchanger for the EU and Japanese markets.
some people on Reddit said that there is a big backlog even with SEPA and they are waiting for their withdrawals, which bring us to the big question, did anyone got their funds (fiat) out of gox since May ? what was the method (wire,SEPA...) and how long did it take ?
I really want to have a clear picture about the situation, from this news it is really hard to believe, I have a feeling that it is more than a backlog...
I was able to make a 5 figure USD withdrawal with a 5% fee via international money wire around the end of October which took about a week to clear. I had to open a ticket requesting an "expedited withdrawal" which incurs a higher 5% fee. After I initiated the transfer they were still unable to give me any concrete time-frame for it to actually execute so I demanded they cancel the withdrawal so I could just convert to BTC take the 10% haircut. Magically the transfer was completed the very next day and cleared my account a few days later.
January 13, 2014, 06:07:54 PM
If you are one of the big boys, like HSBC, you can handle some of the business from drug cartels.
If you are new player like Gox, then the big boys will do there best to keep you out of there turf.
If you are new player like Gox, then the big boys will do there best to keep you out of there turf.
January 13, 2014, 03:40:09 PM
for people who are waiting for withdrawals, how long are you waiting now ?
Last withdrawal took 29 days, was started on 28th November 2013. Via Sepa through Gox bank in Poland. Still got one pending thats been waiting for like 8 days, not breaking a sweat on that quite yet. January 13, 2014, 03:31:26 PM
I asked this before, but I will ask it again, do you guys still trade at gox and do you have funds sitting there ? for people who are waiting for withdrawals, how long are you waiting now ?
I have a $1000 withdrawl by international wire that has been pending since July. I'm reasonably certain at this point that it is money I will never see again.Open a ticket. Ask for a cancellation and your money will be credited in your account balance within 1 day. Buy coins, transfer them out -> never use GOX again.
January 13, 2014, 03:08:01 PM
Sorry I counted it again - and it is not two months - it is just a month and half.
The 'funding-options' page at MtGox states:
"SEPA Withdrawals:
Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe will take 6 weeks or less depending on the size of your withdrawal."
This is over 6 weeks now - so I made a support ticket for this. Let's see what happens.
The 'funding-options' page at MtGox states:
"SEPA Withdrawals:
Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe will take 6 weeks or less depending on the size of your withdrawal."
This is over 6 weeks now - so I made a support ticket for this. Let's see what happens.
dont expect too much from their support, you will get a late answer but wont help much, when you open a new ticket about the same issue you will get another answer but the same context.... good luck
January 13, 2014, 03:03:05 PM
Sorry I counted it again - and it is not two months - it is just a month and half.
The 'funding-options' page at MtGox states:
"SEPA Withdrawals:
Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe will take 6 weeks or less depending on the size of your withdrawal."
This is over 6 weeks now - so I made a support ticket for this. Let's see what happens.
The 'funding-options' page at MtGox states:
"SEPA Withdrawals:
Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe will take 6 weeks or less depending on the size of your withdrawal."
This is over 6 weeks now - so I made a support ticket for this. Let's see what happens.
January 13, 2014, 02:51:31 PM
I asked this before, but I will ask it again, do you guys still trade at gox and do you have funds sitting there ? for people who are waiting for withdrawals, how long are you waiting now ?
I have a $1000 withdrawl by international wire that has been pending since July. I'm reasonably certain at this point that it is money I will never see again.All the rest of my funds were withdrawn as BTC around that time. I have no active funds over there and haven't for a while.
As for Mt. Gox's future? I don't think they have a future in BTC/USD trades, and don't understand why US folks continue to use it; there is simply no way to get your money out to a US bank account, and there's no indication that they'll ever find a solution to that. However, the last I heard, SEPA and domestic (Japanese) wire withdrawls were still operational, so it's possible they can continue as an exchanger for the EU and Japanese markets.
some people on Reddit said that there is a big backlog even with SEPA and they are waiting for their withdrawals, which bring us to the big question, did anyone got their funds (fiat) out of gox since May ? what was the method (wire,SEPA...) and how long did it take ?
I really want to have a clear picture about the situation, from this news it is really hard to believe, I have a feeling that it is more than a backlog...
January 13, 2014, 02:50:43 PM
After gox announced doubling the daily limits for PLN I tried selling 1BTC there for PLNs and withdrawing the money (with SEPA). Two months ago. No money in my account yet.
As anecdotal as this might be, it certainly changes my prognosis. If SEPA is delayed by months as well, then I can't think of any prognosis for Mt. Gox other than death. Either they can't find a bank that's willing to work with them (in which case they won't survive), or they're secretly insolvent (in which case they're already a corpse walking). Jump to: