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Title: Mt.Gox Verification Speculation Post by: Nightowlace on April 19, 2013, 02:58:49 PM I have a friend who is just getting into Bitcoin and he signed up for his Mt.Gox and is currently over 20,000th in line to be verified. I was having a discussion with another friend and was very excited about this news because to me that means there are 20,000 people waiting in line to get there hands on some BTC. He then corrected me and stated that it might just be a lot of miners and early BTC people trying to cash out.
What is your take on this? Thousands of newcomers looking to buy, thousands looking to cash out, or a bit of both? Also with the verification process being so slow and the media frenzy slowing down how many people will lose interest once their account is verified? Title: Re: Mt.Gox Verification Speculation Post by: naphto on April 19, 2013, 03:02:16 PM Probably both ...
Title: Re: Mt.Gox Verification Speculation Post by: Nightowlace on April 19, 2013, 03:05:08 PM I'm just worried that all of these people who raced to Mt.Gox when the media frenzy was happening will lose interest once they actually get verified.
Title: Re: Mt.Gox Verification Speculation Post by: markblackntz on April 19, 2013, 03:10:24 PM Does anyone have a rough idea how long will it take mtgox to verify? For example, few hundreds or thousands a day?
Title: Re: Mt.Gox Verification Speculation Post by: keepinithamsta on April 19, 2013, 03:12:30 PM I know that 7950's are still constantly getting sold out at basically all online retailers so there's still a lot of new miners are still trying to make accounts.
Title: Re: Mt.Gox Verification Speculation Post by: evilscoop on April 19, 2013, 03:15:08 PM its gone down 4k in 24 hours...
Im in the queue Title: Re: Mt.Gox Verification Speculation Post by: insane on April 19, 2013, 03:52:00 PM Signed up as a new user 3 days ago and currently in 22,000th position ;D
Title: Re: Mt.Gox Verification Speculation Post by: Pingonious on April 19, 2013, 03:55:31 PM moved up to 7,000 and change today
Title: Re: Mt.Gox Verification Speculation Post by: clemage on April 19, 2013, 05:38:41 PM It seems to be verified fast now. It is good for the BTC value.
Title: Re: Mt.Gox Verification Speculation Post by: kendle on April 19, 2013, 05:44:29 PM It would be nice if they handled more than just BTC.
Since I haven't placed myself into verification queue, what am I limited to? I assume its just a limit on cash out with USD? Title: Re: Mt.Gox Verification Speculation Post by: clemage on April 19, 2013, 06:07:36 PM You can only receive and sent BTC. You can't be fund through the European account.
Title: Re: Mt.Gox Verification Speculation Post by: Raghnar on April 19, 2013, 06:07:49 PM Yes all these new customers and interest should help BTC in the long run for sure.
Title: Re: Mt.Gox Verification Speculation Post by: Loozik on April 19, 2013, 08:00:12 PM My estimation is 1.8k per day.
Do you perhaps know if it is allowed to send funds prior to the verification? E.g. you see yourself 500th in the queue and you send the money before the positive clearance? Title: Re: Mt.Gox Verification Speculation Post by: simplydt on April 19, 2013, 08:00:31 PM I know that 7950's are still constantly getting sold out at basically all online retailers so there's still a lot of new miners are still trying to make accounts. So people buying it to play video games can't be the reason they are sold out? :P Title: Re: Mt.Gox Verification Speculation Post by: prof7bit on April 19, 2013, 08:04:32 PM Most miners already have their established ways to sell BTC (mtgox accounts or other) because they have sold BTC all the time already, there is no plausible reason why there should be such an immense influx of new miners all of a sudden.
Title: Re: Mt.Gox Verification Speculation Post by: St.Bit on April 19, 2013, 09:04:20 PM Do you perhaps know if it is allowed to send funds prior to the verification? E.g. you see yourself 500th in the queue and you send the money before the positive clearance? Don't know, but wouldn't recomend it. They warn that if you send money to a already verified without proper infos it would take long to manually clear transactions and on auto it takes sometimes over a week. It will only take much longer, so be patient ... Title: Re: Mt.Gox Verification Speculation Post by: lordgrows on April 19, 2013, 10:07:26 PM They are processing around 2000 verifications per business day, give or take a few hundred.
I'm about to be verified tomorrow or monday. Around 850th on the queue. Title: Re: Mt.Gox Verification Speculation Post by: vs3 on April 19, 2013, 10:09:14 PM Does anyone know a good alternative to MtGox?
Title: Re: Mt.Gox Verification Speculation Post by: Boxman90 on April 19, 2013, 11:34:45 PM MtGox took over a week to verify me.
Alternatives: BTC-e.com (http://www.btc-e.com) - Dealing in BTC/USD, BTC/EUR, LTC/EUR and several inter-cryptocoin exchanges. Typically lags behind a bit on MtGox. Bitstamp (http://bitstamp.net) - European based exchange for bitcoins only. Easy costless EUR deposit possible, which is impossible at MtGox until verified. Processed my payment of EUR within a day. Title: Re: Mt.Gox Verification Speculation Post by: Nathaniel B on April 19, 2013, 11:52:34 PM FYI I just got verified after a week or so from position 14000ish. Although I had an older (almost 1 year) account, but I'm not sure if they prioritize those. I mainly set it back up in order to cash out a bit to buy more mining equipment.
Title: Re: Mt.Gox Verification Speculation Post by: biz on April 19, 2013, 11:57:53 PM I was waiting recently few day (4-5).
Title: Re: Mt.Gox Verification Speculation Post by: Cryptonics on April 20, 2013, 12:01:44 AM 1487 in Q now. Its been over 2 weeks since I submitted the documents. Site was up and down in the meantime. But I've been moving up the Q quickly in the past 2-3 days, I guess
Title: Re: Mt.Gox Verification Speculation Post by: Oldie on April 20, 2013, 12:38:38 AM Just set mine up today, we'll see how long it takes. Did the same on Bitstamp too.
Title: Re: Mt.Gox Verification Speculation Post by: mccminer on April 20, 2013, 03:27:13 AM Not to derail this thread too much, but how are you guys funding your new Mt.Gox accounts? I created an account (not verified), but I have yet to find a painless/easy way to fund it.
Title: Re: Mt.Gox Verification Speculation Post by: watership_down on April 20, 2013, 03:39:40 AM saddly they still don't have SEPA system.. i guess.
Title: Re: Mt.Gox Verification Speculation Post by: lordgrows on April 20, 2013, 04:49:20 AM Just got verified.
Title: Re: Mt.Gox Verification Speculation Post by: Cryptonics on April 20, 2013, 05:11:58 AM Not to derail this thread too much, but how are you guys funding your new Mt.Gox accounts? I created an account (not verified), but I have yet to find a painless/easy way to fund it. Okpay. Took money out of my card using Liqpay. Used an exchanger to get it to okpay. Beware though, okpay seems to find out somehow that you're exchanging money. They limited my account. I had send my docs there as well then. However, I'd prefer Card --> Liqpay --> Libertyreserve ---> MtGox (via Aurumxchange). Downside - you end up paying about 10% in fees. Title: Re: Mt.Gox Verification Speculation Post by: btc6000 on April 20, 2013, 05:36:57 AM If you're in Europe screw Gox, use Bitstamp
Title: Re: Mt.Gox Verification Speculation Post by: cntrlwiz on April 20, 2013, 07:59:37 AM I'm at 14320 after 3 days.
Title: Re: Mt.Gox Verification Speculation Post by: michelet on April 20, 2013, 09:01:17 AM I did the procedure today, I am 26380 in the queue... they say it will take 10 days
Title: Re: Mt.Gox Verification Speculation Post by: Inedible on April 20, 2013, 09:06:25 AM Does anyone have a current queue position number?
Title: Re: Mt.Gox Verification Speculation Post by: Cryptonics on April 20, 2013, 01:45:26 PM 1487 in Q now. Its been over 2 weeks since I submitted the documents. Site was up and down in the meantime. But I've been moving up the Q quickly in the past 2-3 days, I guess Got an email just now: We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status. Looks like they're clearing off the verification Q faster than ever before ;D Title: Re: Mt.Gox Verification Speculation Post by: cntrlwiz on April 20, 2013, 01:53:39 PM I'm now at 13940.
Title: Re: Mt.Gox Verification Speculation Post by: teresabelek on April 20, 2013, 01:55:57 PM there are a lot of accounts to look, so it's normal it takes some time.
I also think mt gox is in japan or something right ? :) Title: Re: Mt.Gox Verification Speculation Post by: Cryptonics on April 20, 2013, 02:00:57 PM there are a lot of accounts to look, so it's normal it takes some time. I also think mt gox is in japan or something right ? :) Yes, they're Japs Title: Re: Mt.Gox Verification Speculation Post by: Dark3nedFaith on April 20, 2013, 02:05:07 PM Newcomers might lose interest since the bubble popped, but that doesn't mean there won't be another bubble in the future where the media will get into it again.
The new bubble might be for LTC though |