this is the far more likely scenario
some of those gox dollars right now are imaginary dollars since the US govt and i think according to the lawsuit CoinLab is holding millions of people's deposits... so... something like 5 or 10 million... someone remind me the # please.
let's say the price goes to $500/btc on gox...
you and 99 other bagholders sell $100000 of btc for an imaginary $100000 each... $10m that is not in gox accounts, that is a fact
now how exactly do you plan on getting your money from Homeland Security and CoinLab?
Mtgox could file for bankruptcy protection in Japan, who even knows what that would mean... it could take years of legal wrangling before you see a dime!
Meanwhile btc will go up.
Don't get me wrong I like using gox and have used it in the past but numbers don't lie...
Topic: What if Gox runs out of Bitcoins? (Read 3155 times)
I dont know if it is even possible for MtGox to be out of Bitcoins for BTC withdrawals! After all, all bitcoins listed were once deposited at MtGox and no Bitcoin seizure happened.
who knows maybe they accidently lost a wallet file... just the other day i figured out the passphrase to an encrypted wallet i couldnt access for 3 months!
2 months to withdraw cash from Gox? Proof or it didn't happened!
GOX says they have backlog but only 2-3 weeks.
GOX says they have backlog but only 2-3 weeks.
I have been waiting at least 6 weeks now as well!
I dont know if it is even possible for MtGox to be out of Bitcoins for BTC withdrawals! After all, all bitcoins listed were once deposited at MtGox and no Bitcoin seizure happened.
Gox will sell coins it does not have just like it is doing with fiat.
This is one of my fears.... allowing Gox to stretch this whole situation out all that much longer. It's a shame that so many people around here still appear to trade on their platform. 
I think after yesterday's action we can finally relinquish our fears that the order books are going to run out of btc. Now withdrawal is another issue...
Gox is dieing. Good riddance lol.
Bitstamp and the Chinese exchanges are keeping up with MTGox http://btckan.com/price. Also BTC will flow into MTGox at a price. Let us not forget that EUR and JPY can and do leave MTGox.
SEPA transfers are supposed to be completed within 1 business day.Since they take several weeks from Mt. Gox, saying that "EUR can leave Mt.Gox" is inexact at the very least.
Last time I waited for over a day for transaction to appear on the network. Gox's support replied me with different idiotic advises such as I need keep bitcoin client running in order to have transaction finished.
It seems that Gox generates transaction but then waits long time before releasing it to the network.
It seems that Gox generates transaction but then waits long time before releasing it to the network.
yes anyone else having this problem? i am a verified user (mailed them my passport etc..) and never had this problem until today. Not able to get my btc out for over 8 hours now and still waiting, very frustrating as i need it to do a transaction.
i got a bullshit cookie cutter response from mtgox, btc withdraw still not processed. wtf, i am going to get all my btc out of mtgox, this is crap.
Quote
Hello,
Thank you for contacting us. Please be aware that:
When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network. If you're sending to your computer's wallet, it's good practice to keep your bitcoin client running so it can download the block chain. For those that may not know the block chain is the complete history of all transactions made on the bitcoin network, and as such it can take some time to update and download the most current block and see the bitcoins in your wallet.
If you aren't seeing the funds after either withdrawing/sending to Mt. Gox from your bitcoin program, please wait 24 hours before contacting us. If your transfer has still not occurred within 48 hours, please lodge a support request so we may begin the process of tracking your bitcoins and reinitiating the transfer.
We apologize for any inconvenience this may cause. If you have any further enquiries, please do not hesitate to contact Mt.Gox Support by responding to this email (should the enquiry relate to this ticket).
Best regards,
Mt.Gox Team
https://www.mtgox.com
Thank you for contacting us. Please be aware that:
When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network. If you're sending to your computer's wallet, it's good practice to keep your bitcoin client running so it can download the block chain. For those that may not know the block chain is the complete history of all transactions made on the bitcoin network, and as such it can take some time to update and download the most current block and see the bitcoins in your wallet.
If you aren't seeing the funds after either withdrawing/sending to Mt. Gox from your bitcoin program, please wait 24 hours before contacting us. If your transfer has still not occurred within 48 hours, please lodge a support request so we may begin the process of tracking your bitcoins and reinitiating the transfer.
We apologize for any inconvenience this may cause. If you have any further enquiries, please do not hesitate to contact Mt.Gox Support by responding to this email (should the enquiry relate to this ticket).
Best regards,
Mt.Gox Team
https://www.mtgox.com
This is such bullshit i still dont have my bitcoins and no response from mtgox after 2+ days now.
I can understand bank wire taking time due to external factors with international wire transfers and regulations.
But there is NO EXCUSE why bitcoin transfers is taking anything more than 30 mins.
fuck mtgox.
^ Gox's excuse is HILARIOUS.
I assure everyone I will "redistribute" some bitcoins once the price is considered high enough, FYI I can withdraw to a Japanese bank account, which has never been a problem 
, now can we please end this FUD thread?
, now can we please end this FUD thread? 
Mt. Gox order book, USD/BTC.
All those dollars, trying to get out. Is that why the price of Bitcoin suddenly took a big jump today?
Actually, yea it is.
They are getting out by buying BTC.We heard this last week.
And a month ago..
And three months ago..
Buying pressure has been driven by Stamp, by the way.
Look I'm not saying that BTC hasn't been bought up for 'real' reasons.
I'm just saying that saying "BTC price goes up thus no fiat wants out of Gox" is a backward statement.
Bitstamp and the Chinese exchanges are keeping up with MTGox http://btckan.com/price. Also BTC will flow into MTGox at a price. Let us not forget that EUR and JPY can and do leave MTGox.
No they're not, Bitstamp has been hovering around $150 now for a while.
I's say they are keeping up. And correct me if I'm wrong, but Bitstamp led the run-up this morning, 3:00.
People deserve this for not keeping their coins in the wallet. Why the fuck would YOU want to keep coins in SOMEBODY's ELSE wallet?
Mt. Gox order book, USD/BTC.
All those dollars, trying to get out. Is that why the price of Bitcoin suddenly took a big jump today?
Actually, yea it is.
They are getting out by buying BTC.We heard this last week.
And a month ago..
And three months ago..
Buying pressure has been driven by Stamp, by the way.
Bitstamp and the Chinese exchanges are keeping up with MTGox http://btckan.com/price. Also BTC will flow into MTGox at a price. Let us not forget that EUR and JPY can and do leave MTGox.
No they're not, Bitstamp has been hovering around $150 now for a while.
Bitstamp 153.8 to MTGox 170. That is under 10% as per my link above. 796.com is over 1000 CNY
Bitstamp and the Chinese exchanges are keeping up with MTGox http://btckan.com/price. Also BTC will flow into MTGox at a price. Let us not forget that EUR and JPY can and do leave MTGox.
No they're not, Bitstamp has been hovering around $150 now for a while.
Bitstamp and the Chinese exchanges are keeping up with MTGox http://btckan.com/price. Also BTC will flow into MTGox at a price. Let us not forget that EUR and JPY can and do leave MTGox.
Then they will have both USD problem and BTC problem 
Might be, rally is only on Gox.
What? Bitstamp is up $10 over the last 18 hours. And looking at bitcoinity (not sure how accurate), they started the movement this morning -- Gox and Chinese markets lagged by quite a bit. Jump to: