Bitcoin Forum

than bitstamp, for example

Maybe you can do a research and don't ask something for the 10000000000 time

Mtgox is risky, because of this price gap. You can't withdraw from MTGOX, they are not processing withdrawals so watch out.

Because they don't pay real money for your bitcoins now.

When the withdrawals are theoretical (as in, it takes forever to withdraw if you even ever can) then you can jack up your rates to try and get more people onto your exchange. There have just been too many problems at MtGox to use reliably, which is why you see a lot of exchange sites using BitStamp or other exchanges for their BTC exchange pricing. We'd all love to be able to get MtGox's inflated rate when we cash out to fiat currency, it just doesn't happen without too many speed bumps.

Things to consider:
They've caused crashes before due to instability.
Its one of the most well known exchanges.
They been in legal trouble.
Issues with withdrawing for people.
They require lots of info to get started.

Many of these could be the causes of the higher prices on their sites.

That is the real answer.

MtGox is having trouble processing dollar, euro, etc. withdrawals. Some people have been waiting 4 months for their money. As a result, people with money stuck in MtGox buy bitcoins and then withdraw the bitcoins.  Most people on MtGox want bitcoins but don't want money and that makes the bitcoins more expensive.

Some people think that they can make some money by buying bitcoins on another exchange and then selling them on MtGox for a higher price. However, this is a trap because once you sell the bitcoins on MtGox, you are stuck.

Because nobody can withdraw fiat and their USD is imaginary play money. USD holders are buying BTC to withdraw.

Because MtGox have failed hard and the banks have blacklisted them.  My bank even phoned me up to say they could not send payments to them any more!

Yeah gox has lots of customer complaints, and their bank accounts are having trouble.

US and allies probably put laudering mark to MtGox bank accounts without court order. Welcome to this world.

I heard the banks were giving them trouble and feds are investigating gox now.

Clear!
Thanks to everyone.

Because the U S A gov.t took away $5M away from them. So they're taking as much buck as they can squeeze to recover the great loss. In short they are heading bankrupt.

sounds like the standard answer that's been heard for a long time :)

Do you have any proof for this statement?

I am a bit of a newbe to, i got o lot, lot of bitcoins, but never sold tem before.
What exchange do suggest for a Dutch bitcoin holder?

I'm glad I answered your question!

I would say Bitstamp, it's cool and even cooler if you're european. But I'm a little noob also.

Yes bitstamp or localbitcoins.

+1

Forbes.com posted this back in May

http://www.forbes.com/sites/kashmirhill/2013/05/15/the-feds-are-cracking-down-on-mt-gox-not-on-bitcoin/ (http://www.forbes.com/sites/kashmirhill/2013/05/15/the-feds-are-cracking-down-on-mt-gox-not-on-bitcoin/)

So they definitely have more than the US Gov looking at their accounts, however that article doesn't give an exact dollar amount. The only $5mil amount listed there is about Coinbase getting $5 mil in venture capital. :)

Hi Guys i'm new on this forum so greetings to everyone!

I work for http://cheapbitcoins.co.uk, and we are trying to build a site which finds and compares Bitcoin prices from around the World to find the best deals for UK customers.

Until recently, we had live prices from Mt. Gox on our site.   Today, regretfully, Mt. Gox has blocked our site from receiving live quotes.  We believe this is due to several factors, but mainly Mt. Gox on our comparison site has consistently ranked bottom i.e. most expensive.  Most expensive, not just for their Bitcoin prices but for their transaction fees and bank account withdrawal and deposit fees.  Also (as others have metioned) they have extremely long delays between releasing funds.

We have decided to remove any support on our site for Mt. Gox and we are advising any UK customers to seek alternate transparent Bitcoin Exchanges.  We believe a free and transparent pricing model (not a secretive pricing model) inevitably will help Bitcoin prosper, and provide the best value to the end user.

Thanks

 - CB

Because they don't pay!

Yes, sepa transfers are much cheaper to receive than incoming international wire, at least in my Bank

YOU should ask, why do people buy expensive FPGA.... some people do buy them...

Oh gee, thanks for bumping this almost 2 month old post.  You just made everyone start spamming it again.
Start your own thread man, don't just jump into someone else's. I doubt you can get "cheap" bitcoins, the prices are more or less the same.

That sounds scary. I have been using coinbase.com to buy and sell. I am in the process of signing up for Mt.Gox but after hearing all this im not sure I want to anymore...