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Bitcoin => Bitcoin Discussion => Topic started by: jubalix on February 07, 2014, 10:47:41 AM



Title: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: jubalix on February 07, 2014, 10:47:41 AM
talk about goxed into a corner.

I bet you can still get BTC and FIAT in though!

This makes FIAT more valuable in god as a least you have the smallest hope of some legal recourse, but BTC, no.

i add, that post gox, will have a similar effect to post SR, on price

if it turns out there is full fractional reserve BTC on GOX, and by full fractional reserve I mean, no BTC, this means there is a lot less BTC to be purchased out there than people thought.....


has anyone confirmed some dust can still get into GOX (i bet it can)


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: medUSA on February 07, 2014, 11:07:29 AM
https://www.mtgox.com/press_release_20140207.html

The press release say they will "provide an update on Monday, February 10, 2014".
I guess we will know in a few days.


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Lauda on February 07, 2014, 11:24:09 AM
Possibly nothing. Wait till the update.
This could be Inputs.io 2.0..


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Sonny on February 07, 2014, 11:54:06 AM
It seems mtgox is finally coming to an end now....  ;D
Good luck to those having btc/fiat stuck :)


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Abdussamad on February 07, 2014, 11:57:25 AM
It's a technical issue and should be sorted out in a few days:

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Irish_BTC on February 07, 2014, 12:29:09 PM
Personally I'm going to sit back and drink some beer. I have 4.3 BTC stuck there which has just been returned to my account from limbo.

The way I see it is that I've know for a hell of a long time that I shouldn't have left it there, however, I have a rare debilitating case of procrastination so I will take it on the chin if i get 'goxed' and my BTC falls into a deep black hole.

On the plus side I still managed to get about 60% out in time and I still have a fridge full of beer. Let the good times roll.....



Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Aseras on February 07, 2014, 04:11:25 PM
The writing has been on the wall for months. Idiots who loose their shirt because they left it there out of greed for a fake higher price deserve it.

Move to a better exchange that isn't powered by a drunken hamster.


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: disclaimer201 on February 07, 2014, 04:59:45 PM
It's a technical issue and should be sorted out in a few days:

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac

Doubtful, as technical issues are much easier to be resolved when the system is alive, not static. The technical issues remarks are not helping the uncertainty, but making computer programmers and experts doubt it more! It's most likely another stalling technique.


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: BitAddict on February 07, 2014, 05:04:09 PM
i add, that post gox, will have a similar effect to post SR, on price

if it turns out there is full fractional reserve BTC on GOX, and by full fractional reserve I mean, no BTC, this means there is a lot less BTC to be purchased out there than people thought.....

Completely true. People won't waste their money buying "fake" bitcoins depositing in MtGox, so it will be higher demand in the other exchanges after MtGox closes finally... driving the price up.

Nice point!

It's a technical issue and should be sorted out in a few days:

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac

Doubtful, as technical issues are much easier to be resolved when the system is alive, not static. The technical issues remarks are not helping the uncertainty, but making computer programmers and experts doubt it more! It's most likely another stalling technique.

True. I'm sorry for the people who have money there, but all seems really bad in Mt.Gox.

If finally is true that Mt.Gox is broke maybe they can still fix it, maybe some investors would be interested in taking the losses (if they're not quite high) and buying it for keeping the brand.


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: CryptoPanda on February 07, 2014, 05:09:09 PM
They had over 5M USD seized so I guess they did not have all the BTC they should have available...


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: donsanto on February 07, 2014, 05:12:18 PM
Every time Mtgox has an issue you get people running to the forums yelling OMG its the end and it always passes. Remember last time they had an issue? It got resolved and now no one talks about it. I am sure many wallets and exchanges are seeing the same thing with withdraws. There was a surge in withdraws my site last night. I had $3500 when my average is a couple hundred.


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Meuh6879 on February 07, 2014, 08:55:29 PM
On plateform is out ... and you cry ?
Why ?

On bitcoin.fr ... we have as simple list of all plateforms actives :

http://imageshack.com/a/img850/7811/ud5y.jpg


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: Pangia on February 07, 2014, 09:15:07 PM
They will do NOTHING. They will bury their heads in the sand of hope things turn out for the better.


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: crazy_rabbit on February 07, 2014, 10:18:23 PM
They will wait till monday.  8)


Title: Re: So what are people in gox going to do now can't get FIAT or BTC out????
Post by: jubalix on February 08, 2014, 04:05:28 AM
Every time Mtgox has an issue you get people running to the forums yelling OMG its the end and it always passes. Remember last time they had an issue? It got resolved and now no one talks about it. I am sure many wallets and exchanges are seeing the same thing with withdraws. There was a surge in withdraws my site last night. I had $3500 when my average is a couple hundred.

well no the issue is and has been for months no one can get money out of god

now its btc as well, you know they whole thing about BTC is it can be stopped being sent, and is relatively easy to do.