Bitcoin Forum

I'm grinding my teeth here.

1) send fiat to gox and buy bitcoins
2) never see those bitcoins again.
3) ? ? ?
4) profit.

Thank you for the response, but your plan sucks.

Anyone else?

Ok a real answer is to use https://www.bitcoinbuilder.com/

Using this you can trade real BTC for gox BTC. In the hope that gox will allow withdrawals and the price will return to 'normal'

One GoxBTC is currently 0.3412 real BTC, which is worth the risk if you don't see gox as failing nor do you need access to your coins any time soon.

Thank you for the underpants gnomes reference, i needed the lol

thanks for your post. 

I've actually been looking at that site all day.

What I mean is, does anyone in the rest of the world actually have access to those now $100 bitcoins, or are the owners of MTGox the only people on the face of the Earth that can actually buy for that price?

Anyone with FIAT in gox can buy those $100 bitcoins. So you can also do a deposit to gox to buy them, although I believe this takes a few days to go through. The problem is no one can withdraw them (except mtgox i suppose).

OK, I agree with you.  I have money, and  I won't post the take my money GIF, but I guess I'm not getting my point across.   If $110 bitcoins are available, then why won't someone agree to sell me several of them right now?

































OK, I lied:

http://i57.tinypic.com/2a9vcc1.jpg

yay cheap goxcoins

If I could trust your fiat payment method to be irreversible (which I couldn't, except for cash in the mail, and I will accept none of the risk for such an attempt), I would sell you up to 1 GoxBTC for $400, deliverable when withdraws resume.  However, the last price on Gox only matters if you have money on Gox so long as withdrawals are down.  As for me, my gox liquidity bot is still running, but the order size is just a couple bucks and I'm down to 2 digits of fiat.  Just waiting for things to straighten out, or fail completely.  Picking up pennies in front of a steam roller, praying for it to stop because there is no other way out of this corner.

ooch!  Hold tight man.

I'm not looking for $400 coins, or $500 coins.

In truth, the reason I posted this is just to point out that $100 GoxCoins are pure fantasy.  The only people on the face of the earth that can buy them are within the Goxsphere.  And only MK and his minions can get them out.

That seems like a genius plan by MtGox, don't let anybody withdraw bitcoins and offer $100 for them. I doubt it is MtGox offering the money though - it is buyers willing to gamble that they will be able to withdraw the bitcoins they bought sometime in the future. From the price we can infer the odds are 1:4.

When you aren't able to instantly get back the bitcoins you have on deposit with any service, it is time to be very worried. The only legitimate reason to delay withdraw is if out-of-channel confirmation is required for security against hackers. MtGox lost all your bitcoins with their bad txid programming though. They also lost at least $5M USD from the US government seizing their bank and Dwolla accounts.

Because nobody can transfer them from their MtGox account to anywhere else in the world.

There are no Bitcoin withdrawals from Gox so if somebody hypothetically sold you their coins, it would be an IOU. If the day ever comes that they can withdraw those coins then the last thing they would want to do is let them go for $110.

Word of advice; don't invest what you can't afford to lose.

At this point the MtGox Doomsday clock is 2 minutes to midnight and ticking...

No worries, it was a small percentage of my coin.

KK

There is also the old axiom:

which has saved a lot of people a lot of money over the years.

Yep. To make things simple, you are NOT buying BTC from gox. You are buying Goxcoins.

These only become BTC IF they enable withdrawals. Otherwise they are as good as monopoly money. Actually they are even worse.

I think you mean *it is*

No, I mean it isn't...as in "it isn't true".

So much for those coins, any 150 coins for sale?

175?

200?

Buehler?  Buehler?  Buehler?

It's "If it sounds to good to be true, it probably is (too good to be true)".

"It isn't" means the opposite. (just google it)

But anyways this is of no use to the thread haha.

LOL...you say tomAto...

Seems like you need to go through Mayzus MoneyPolo now. So you need to register with them and then you can deposit as much fiat as you want and buy $100 bitcoins.