Time for Mt Gox to apply wired US$ to account

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: keithers on January 24, 2014, 05:38:39 PM

I haven't really cared to look into it that much since I don't use gox, but how is their price per bitcoin always so substantially higher if no one can get money off of their site?

Again, see this thread.

The price of Bitcoin appears to be higher on Mt. Gox because, if you sell there, you only get fake US dollars you can't withdraw. All you can do with them is buy stuff on Mt. Gox. So those fake dollars are only worth $0.80 to $0.90 each.

The real sell price of a Bitcoin is what Coinbase will buy it for, because they pay up quickly. That's usually close to what BTC-E and Bitstamp quote, but way below Mt. Gox.

Only a sucker would buy Bitcoins on Mt. Gox. Fortunately for Mt. Gox, there's one born every minute.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I haven't really cared to look into it that much since I don't use gox, but how is their price per bitcoin always so substantially higher if no one can get money off of their site?

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: Oldminer on January 23, 2014, 04:21:11 PM

Dunno, but its been more than 6 weeks since I requested a bank withdrawal. Ive emailed their support several times and each tine they just say 'its in the queue and sorry we have a backlog, blah blah'.

Once all my funds are out I wont be dealing with them again.

Mt. Gox hasn't paid out US dollar withdrawals since June 2013. See this thread.

It's suckers like you who keep them in business.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I have never used gox directly, but they are starting to sound like the Ultimate Bet (online poker) of Bitcoin. It's as if they aren't liquid enough to process cash withdrawals. That could lead to a pretty bad implosion of their exchange Sad

Oldminer

legendary

Activity: 1022

Merit: 1001

Dunno, but its been more than 6 weeks since I requested a bank withdrawal. Ive emailed their support several times and each tine they just say 'its in the queue and sorry we have a backlog, blah blah'.

Once all my funds are out I wont be dealing with them again.

nqwi

newbie

Activity: 17

Merit: 0

Received confirmation from my bank that US$ have been sent to Mt Gox's japan account and I've e-mailed them.

Anyone have any idea how long it takes Mt Gox to apply the US$ to my account?

Topic: Time for Mt Gox to apply wired US$ to account (Read 1292 times)