Bitcoin Forum

fail

Are you able to withdraw the BTC from Mt. Gox or is it just withdrawing "fiat" that is the problem?

Bitcoin != Mtgox. I'm not using Mtgox for more than 7 months, still I'm using bitcoins.

Buy BTC, transfer to some other exchange.

I do understand that you are frustrated (and have not actually used Mt. Gox myself) - am just suggesting that it might be an easier route to "buy BTC" with your Mt. Gox $ and then move it out as BTC rather than as "fiat" (but please see if others have been successful doing this before trying as I am offering advice without having done so myself).

Oops - I see your point now - you sold them under the current value - I guess you might have to wait and hope for a downturn.

You're trying to withdraw fiat, how has this anything to do with bitcoin? Also if one exchange has problems that also has nothing to do with bitcoin in general.

Can't get dollars - angry at bitcoin!

Mistake number one.  Never leave funds at an exchange unless you will be using them to exhange.   Mt. Gox provides EWallet service, but that comes at a cost -- limits on what you can do with your coins.


Your bank doesn't withdraw from Mt. Gox, Mt. Gox sends the funds to your bank.  Are you saying the bank rejected (returned the) transfer?


Mistake number three.   There are so many options for SEPA and the cost is not that high.


Not a single problem you are describing has to do with bitcoin.  You are describing the problem with a third-party exchange, not with bitcoin. But, of course, nearly everyone needs to deal with exchanges, so that's fair to say that trouble with third-party exchanges weigh negatively on the Bitcoin user experience.

Unfortunately, for some reason, Mt. Gox seems to have your number.  

Can you convert your EUR back to bitcoins and withdraw to another exchange?  (Don't do it all at times.  Try 5 EUR worth.  If that workds, then try 10 EUR worth.  If that works, try $50 EUR worth.  and so on until you have 500 EUR or so withdrawn, then wait a couple days and repeat.  Eventually you'll have your BTCs withdrawn and you can solve your problem elsewhere.

KYC checks are pretty normal in currency exchanges nowadays.

Its not rocket science!

Sure, Mt.Gox sucks when it comes to moving large sums of money, but these issues are not related to bitcoins. It's all about traditional banking laws and regulations.
It also sucks that we don't have something like www.bitcoinstore.com in Europe yet. Otherwise people like you could spend the bitcoins directly.

The rate that you would have to buy them is immaterial, because you are simply going to convert them to EUR somewhere else at the same rate.

i.e., if you have 100 EUR, and buy BTCs at $13 USD then go sell BTCs elsewhere at $13 USD you get about 100 EUR again (less trade fees, less exchange rate difference between the two exchanges.

So it wouldn't matter if the BTC/USD was up to $50 right now, you are simply buying BTC with EUR and shortly after selling BTC to get EUR at the same rate.

Even Warren Mosler gets that:

- http://moslereconomics.com/2012/12/10/bitcoins-join-global-bank-network

Hmmm I find fault with that statement. Do you really know what BTC is all about?

I find it a little bit ironic that one of the main reasons bitcoin is so amazing is because it solves exactly the problem you are ascribing to it. =P

How much are you trying to sell? I have a decent bitmit rating and im in the market to buy.

bitstamp (https://www.bitstamp.net/), you could also try localbitcoins (https://localbitcoins.com/).

I was almost feeling sorry for your troubles, but then I read this...


Shouldn't that be "Don't bother with MtGox mate"?

Try https://bitcoin-central.net/

/thread

+1 fastest solucion, heard http://bitstamp.net and http://bitcoin-central.net are the best for Euro zone

Buy $300 worth of bitcoins - send them to another exchange and then sell them for $300.
It doesn't matter what the price of bitcoins is now to do this.

You just described something that has nothing to do with Bitcoin and yet you reached the conclusion of Bitcoin fail?

You have USD, but want to withdraw EURO?

The first thing I would have done is buying BTC for my USD and sell them for EURO.

ITT: Guy claims bitcoin fails because he can't figure out how extracting USD works on a third party website.

Dude, you might as well claim that cars fail because jet engines are too complicated. In reality, using BTC is infinitely easier than trying to use USD online. Deal with it.

magic
the
.

gathering
online
xchange

Yes, quite naive to blame the problems on BTC and not MTGOX.

Two completely different entities entirely.

Personally I wouldnt trust a site that started out for trading magic items lol

There are now lots of PCs for sale for Bitcoin at bitcoinstore.com. You don't HAVE to sell your bitcoins to get a PC.

I don't think you can pay the VAT tax in Greece with bitcoins.

mtgox is great for the americans.. but not the europeans. so try a different exchange thats more european friendly


so you sold 300BTC at $11.. so that gives you $3300

buy them at the $13 price giving you around 250BTC. transfer them to another exchange such as bitcoincentral or btc-e and sell the 250 at the $13 and guess what...

you still have the $3300 you were happy to have several months ago... but in a different exchange that may accept your identity..

if you sold out several months ago you would have only had $3300 and you were happy with this amount. so you have not lost out anything but time. it would be worse if mtgox only returned 2cents to you or said you cannot have any money at all.

dont blame bitcoin for this.. blame the companies and the government laws that restrict your use of FIAT i would also recommend looking into the daily withdrawal limits stuff too.. as withdrawing too much in one go will flag extra identification being required by banks etc.

so withdraw 500 a day or whatever the limits are to ensure theres no red flags for high value money movements

It's your own failure of understanding. The whole point of BTC is that there is no such thing as a "flagship" site. There is no central control. Then the fact that you think BTC is best used for converting into USD and trying to extract from a website hosted in Japan is only further evidence that you're to fault here.  Deny these facts all you want, but you only have yourself to blame here, pal.

We can tell you are mad, but be mad at yourself, OK?

I'm coming to the same realization.  I think someone has hacked my computer remotely and is running screen capture programs.

I have my default homepage set to deepbit.net.  But every time I load my internet browser I get a security warning about the certificate the website is trying to approve. 

I investigated it and it turns out it's been sent through a sort of proxy, namely through/to a remote source.  A perfect possibility for someone to keylog my login details and steal what little bitcoins I have mined already.

This obviously is not working for me, maybe others, but I don't feel safe or productive doing it.

I wish it the best, but I don't think it's going to work out.

It's too bad too, now I have a keylogger to worry about...

Any ideas for security programs to run on my computer?  Chances are, the possible hacker may be logging this exact post.

This sound like a network sniffing device. Is this your home or work computer? I've heard such devices are quite common in work environments where people spend time on facebook instead of doing the work.

You have that backwards.

Microsoft (Windows) would be what people are using, and Dell would be how some are using it.  There are other systems to run Windows on, you don't have to choose Dell.

BTC would be what people are using, and MtGox would be how some are using it. There are other exchanges to use your BTC on, you don't have to choose MtGox.

So what you meant to say is:

Dell sucks, Microsoft has a problem.
If Microsoft thinks its not her issue, well, ok. She's right.  People will still use her products, they'll just do it somewhere other than Dell.

May I ask how many emoticon/news/weather/radio toolbars you have on your browser?

I'm not saying you are wrong,  I suppose it is possible that you're computer is being (or has been) hacked, or you weren't careful about what software you installed and have some sort of trojan running.  However, I'd also like to suggest the possibility that you may be experiencing a bit of paranoia?

I actually get his arguments from the specific point of view of new user. He tried that bitcoin thing, and he lost control over his money, which is complete opposite of what was advertised.
Conclusion -> Man, don't even try that bitcoin thing.

I'm afraid that we need to get used to this kind of arguments, because most of the people simply don't get it and never will. They doesn't care about things like ecliptic curve crypto, proof of work and P2P. They just want quick and comfortable way of moving money. If that means selling their souls to PayPal or Western Union, they will do that (and gladly pay the fee!) instead of loosing money on foreign currency exchange.

Shotgun_WooWoo: Someone might as well capture your paypal login and internet banking login the same way. If you are accessing any sensitive information from that PC I recommend you to change password for those services as well. When it comes to wallet security, there is hardware wallet developed by Slush at the moment. Until it's finished, you have to take care of security yourself. Also remember that deepbit is 3rd party service and has nothing to do with bitcoin network as well. Also, most of the bitcoin related viruses were installed by users voluntarily by users in the past.

Yeh i agree with you. . it's pretty weird it's like of a currency can't be exchanged at a bank it might not be the currency itself that is at fault ( this is called " nitpicking" i think) but the "Banks" how this does not rub off on bitcoin itself is a mystery to me. . On a comparable note . if the Bundesbank didn't exhange a currency any more. . or went into complicated methods to achieve this / at your expenses..  I think your " trust" in that currency would dim somewhat. .

Who is "WE"  YOU? Why don't you speak for only yourself.  And " Flagship can refer to the most " importand" one.. He didn't refer to " Central controle" That's what you make out of it. .

None of the problems the op stated are bitcoin problems. His problems are with the banking laws and fiat money system. Go tell them.

SO YOu Say.

Unless I'm mistaken, central bank implies central control.

Everybody " KNows" there's no central bank in Bitcoin ..

You'd think so, wouldn't you?  And yet...

i think you really need to refocus on his posts . . that you turn this in literally is .  just strange. . sorry . . Sorry you know i don't mean anything by it .  it's just the way i see it. .

That's not Bitcoin that suck, it's MtGox.. I've witdraw all around a year ago, and wont be back at MtGox.. With CaVirtex im pretty fine :P)

Bitcoin will be easy to use, in a matter of month, or a year.. MtGox will still suck in few year ;)

No matter the price you buy BTC in Gox, it for transfer and sell the same day, at almost the same rate in another exchange...

Do not care about the price, just buy, transfer, and sell.. the lost will be minimal !

Kalimera, this is not a btc thing and you do know it,

It's just the stupid pain-in-the-ass procedures of Mt.Gox (Japan, non EU compatible) which makes our lives harder for no real reason (i went down that road before as well)

So just use Bitstamp, EU exchange market located in Slovenia.

It never failed me so far and i deposit Euro from my Greek bank account to them with no fees at all.

Your balance is credited in 1 or 2 days (fast) and they dont require verification documents 8)

Bottom line: Just take your money from Gox and never use them again.

Dude why so hostile to people that are actually trying to help YOU