Well.. if Gavin fucks up Bitcoin.. there is always Litecoin  if Bitcoin somehow is ruined pretty much all alts will follow.... as simple as that  |
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this thread is too quiet.....
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mtgox has responded to that news article https://www.mtgox.com/press_release_20140114.htmlCopy paste TOKYO - JAPAN - January 14, 2014 Dear Customers Recently published media accounts are inferring a link between MtGox and the former online Silk Road marketplace and other illegal services and activities. MtGox denies that it has ever knowingly assisted, agreed to assist, or willingly cooperated with anyone to use Bitcoin to engage in illegal or illicit transactions. MtGox has always endeavored to prevent its online Bitcoin exchange service from being used for illegal or illicit purposes, including implementing AML/KYC policies and procedures which are being regularly improved and updated as MtGox has grown and had to address new threats and issues. MtGox, through its US subsidiary has been legally registered as a money services business with FinCEN as of June 27, 2013. Regards Mt.Gox Co. Ltd Team. Mt.Gox Contact press@mtgox.com |
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ok who lit up a choochoo?
I sold a little. This always happens after. never sodl! Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a). (doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.) That really depends on your definition of: "can afford to lose" Sure. Isn't that how all financial decisions work though, based on your individual preferences? For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much. I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that.... Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future So you went all USD at the (double) top, right?  I didn't sell/buy a single bitcoin since the recovery back from 500, I sold at 860 bought back all the way down at 700-600-550 and holding since then, what I meant is at this moment I do not feel comfortable wth investing more cash in Bitcoin, I am a hardcore believer in it but there is allot of stuff in my life that I have to consider before making such decision. I feel that I am at a good position with my Bitcoin holdings, I would like to have more bitcoins but I wouldn't feel comfortable with investing even more money now, but I will reconsider this if the price will drop dramatically |
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ok who lit up a choochoo?
I sold a little. This always happens after. never sodl! Ahh, the great dilemma of the BTC investor: selling opens yourself up to the risk of having to buy back at a (possibly substantial) loss later on, or worse, leaving the game too early at an overall loss or at best, minor profit. Never selling on the other hand carries the real risk of losing it all, or nearly so (cf 2011). The best solution for the majority of investors is probably a) not having more of your money in BTC than you can afford to lose, and then, indeed, b) hodl... I'm just afraid too many in here fail point a). (doesn't apply to you though, I suspect. even if price would drop by factor 10, you'd still have quite a bit.) That really depends on your definition of: "can afford to lose" Sure. Isn't that how all financial decisions work though, based on your individual preferences? For me it would probably be: in case of total loss, a noticeable decrease of my overall living standard in non essential areas, i.e. if I can't afford a vacation as a result of total loss: that's okay. If I need to eat sub-standard food as a result of total loss: I invested too much. I don't have all my money invested in Bitcoin, but I do not afford to lose a penny, it doesn't matter is it bitcoin or anything else, it is hard earned money and this is why I cant lose it, as simple as that.... Edit: even though, if Bitcoin goes to 0, it wont effect my actual life style, but it would ruin my plans for the future |
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good morning guys, so no new ATH and not even $500 ? so disappointing  |
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Sorry I counted it again - and it is not two months - it is just a month and half.
The 'funding-options' page at MtGox states:
"SEPA Withdrawals:
Due to the daily withdrawal limits imposed by our European bank, all fund transfers to SEPA accounts in Europe will take 6 weeks or less depending on the size of your withdrawal."
This is over 6 weeks now - so I made a support ticket for this. Let's see what happens.
dont expect too much from their support, you will get a late answer but wont help much, when you open a new ticket about the same issue you will get another answer but the same context.... good luck |
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I asked this before, but I will ask it again, do you guys still trade at gox and do you have funds sitting there ? for people who are waiting for withdrawals, how long are you waiting now ?
I have a $1000 withdrawl by international wire that has been pending since July. I'm reasonably certain at this point that it is money I will never see again. All the rest of my funds were withdrawn as BTC around that time. I have no active funds over there and haven't for a while. As for Mt. Gox's future? I don't think they have a future in BTC/USD trades, and don't understand why US folks continue to use it; there is simply no way to get your money out to a US bank account, and there's no indication that they'll ever find a solution to that. However, the last I heard, SEPA and domestic (Japanese) wire withdrawls were still operational, so it's possible they can continue as an exchanger for the EU and Japanese markets. some people on Reddit said that there is a big backlog even with SEPA and they are waiting for their withdrawals, which bring us to the big question, did anyone got their funds (fiat) out of gox since May ? what was the method (wire,SEPA...) and how long did it take ? I really want to have a clear picture about the situation, from this news it is really hard to believe, I have a feeling that it is more than a backlog... |
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I asked this before, but I will ask it again, do you guys still trade at gox and do you have funds sitting there ? for people who are waiting for withdrawals, how long are you waiting now ?
and the most important, do you think gox will survive ? or will it suddenly shut down ? or you think they can solve all the problems they are having now ?
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Is Gox a safe place to trade if so, has anyone actually got their money from them when they withdrew?.
I am waiting for my verification to go through, its been about 2 weeks. Bastards will let you deposit coins, but wont let you take them out without verification. Is there anything i can do about this?
nope just wait, and keep away from mtgox at least till they fix their problems (if they will stay in business), but I really do not understand people still trading there... High fees, slow support, no withdrawals, slow deposits, higher price .... yet people still trade there. |
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Source http://thegenesisblock.com/mt-gox-seizures-linked-silk-road-fed-testimonies/I will just copy pate this here to save you some time : Last summer, news that federal agents had seized a combined $5M from accounts owned by Mt. Gox roiled bitcoin markets. The warrants enabling the action cited improper filings when the company opened its bank accounts, including unlicensed operation of a money service business. Yet, written testimonies from federal regulators for the recent Senate hearings on digital currencies indicate the seizures were actually part of the much larger crackdown on online narcotics marketplace Silk Road – insight that presumably had to remain hidden at the time of the seizures due to the ongoing investigation. Experienced market participants will recall that before and during bitcoin’s meteoric rise in popularity through April 2013, Mt. Gox dominated the exchange landscape with upwards of 70% of global trade volume. News broke the following month that the Department of Homeland Security had executed a seizure warrant for Mt. Gox’s US bank accounts based on the company’s failure to register as a money service business or appropriately indicate activity as an MSB on their bank applications. Prevailing sentiment at the time leaned towards the notion that the government was actively cracking down on bitcoin companies, starting with the largest. Recent testimonies by federal agencies indicate that the account seizures were in fact related to the multi-year pursuit of Silk Road operators, rather than a crackdown on money transmission infractions for their own sake. In particular, the written statements not aired on television provide additional insight into the motives behind the seizures. Notably, the statement by U.S. Immigration and Customs Enforcement (ICE) states, “In May 2013, through an interagency taskforce led by ICE in Baltimore, Maryland, three U.S. bank accounts associated with what was then the world’s largest bitcoin exchanger, Japan-based Mt.Gox, which was moving approximately $60 million per month into a number of Internet-based hidden black markets operating on the Tor network, including Silk Road, were seized for violations of 18 U.S.C. § 1960, operating a money service business in the United States without a license. The bulk of the funds were associated with the illicit purchase of drugs, firearms, and child pornography.” The testimony clearly draws a direct connection between Mt. Gox and Silk Road to the tune of tens of millions of dollars per month, yet still cites a violation of 18 U.S.C. § 1960 (money transmitting regulations) as the impetus for the actual account seizures. When a seemingly innocuous section from the testimony by the Department of Homeland Security is added to this, the underlying motive for the seizures become clearer. In particular, the DHS states, “The USSS is responsible for the forensics and cyber analysis in this ongoing criminal investigation [of Silk Road] and, along with our interagency partners, will attempt to identify the site’s origin and the identity of the site administrator. As a result of this ongoing investigation, approximately $5.5 million has been seized by the USSS and ICE-HSI.” The $5.5M seized ‘as a result of the ongoing investigation’ into Silk Road isn’t explicitly tied to Mt. Gox by the DHS statement, but when considered in conjunction with other data points it becomes clear that the two are almost certainly directly related. In addition to being roughly the same amount as the Gox seizures, the statement is in a section describing work done by the Baltimore Field Office (same jurisdiction that issued the seizure warrant), was done in conjunction with the US Secret Service (the agency that pursued the Gox seizures, as listed in the warrant) and also lists the involvement of ICE (the agency that describes themselves as the leaders of the interagency task force behind the seizures in the first testimony cited above). Looking backwards, it’s clear why the Silk Road connection couldn’t be noted in any court filings that would become public. If federal agents made known at the time that they were actively pursuing Silk Road it could interfere with their ongoing investigation. This also means that, at least in this case, it appears money transmission laws were enforced on Mt. Gox not simply for their own sake, but to gain insight and hinder the capital flow to Silk Road without exposing the larger goal of shutting down the international narcotics marketplace. |
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Magic the Gathering Online Exchange, laundering our drug money since 2010. and gox tell the customers we are working to make our daily withdrawing limit.... sorry what ? I don't care I want my money hahahahah |
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who still trade at Mtgox ? well this news is not really pleasant http://thegenesisblock.com/mt-gox-seizures-linked-silk-road-fed-testimonies/Prevailing sentiment at the time leaned towards the notion that the government was actively cracking down on bitcoin companies, starting with the largest. Recent testimonies by federal agencies indicate that the account seizures were in fact related to the multi-year pursuit of Silk Road operators, rather than a crackdown on money transmission infractions for their own sake. In particular, the written statements not aired on television provide additional insight into the motives behind the seizures.
Notably, the statement by U.S. Immigration and Customs Enforcement (ICE) states,
“In May 2013, through an interagency taskforce led by ICE in Baltimore, Maryland, three U.S. bank accounts associated with what was then the world’s largest bitcoin exchanger, Japan-based Mt.Gox, which was moving approximately $60 million per month into a number of Internet-based hidden black markets operating on the Tor network, including Silk Road, were seized for violations of 18 U.S.C. § 1960, operating a money service business in the United States without a license. The bulk of the funds were associated with the illicit purchase of drugs, firearms, and child pornography.” |
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Don't worry, it's highly unlikely people here would have nearly all of their wealth in Bitcoin at all times, so I'm sure most people can afford and do repurchase the Bitcoins they spend. Right, guys? this tells so much about you hahahahah |
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I've never seen this amount of posts from new accounts, this is so convincing...... |
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and we've got some action ====> testing sub 800 than a new ATH ?
Testing sub 700 @ huobi first before we go back up. If you don't get on board now Branson this time no balloon ride! ? I've probably 10-100x more bitcoin than you. But even more fiat I'm not the all in speculator. Diversification is key. so now you convinced your self that you are Richard Branson hahahahah what a delusion.... so all that Fiat and Bitcoins and still bother mining ... and your English oooh, it is so convincing yes, I guess you are Richard Branson 225000 KH/s
Stored @ own datacenter - 99.95% uptime last year
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and we've got some action ====> testing sub 800 then a new ATH ? we will see about it...
Edit: BTW I remember last year when I came back from a trip to Algeria same day as today, it was only few days then the race started, the price was $13 and it kept going up slowly and then in April it just explode so will history repeat it self ? lets see...
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this is really interesting, can I speculate on this one ? be courageous and calm, I wish good luck... |
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this is something that you can speculate on I've accepted an invitation to do a question and answer session at the Council on Foreign Relations (CFR) in Washington, DC on Thursday, February 6, 2014. I've been told anything related to the Council on Foreign Relations tickle's peoples Grand Conspiracy buttons, so I thought it would be best to be open about exactly what will happen. I hope it doesn't spark as long a thread as my visit to the CIA, but Bitcoin is a lot bigger than when I visited the CIA... Anyway, here's the invitation I received: On behalf of the Council on Foreign Relations (CFR), I write to invite you to speak to our Washington-based members as part of our Voices of the Next Generation series. This program seeks to bring together our members with fresh, young voices in the nation’s foreign policy discourse. Given your work with BitCoin, you would be an important addition to the series. In the past, the Voices of the Next Generation series has featured Esther Duflo, Abdul Latif Jameel professor of poverty alleviation and development economics, Massachusetts Institute of Technology, Ayman Mohyeldin, Middle East correspondent, Al-Jazeera English, and Jennifer Pahlka, founder and executive director, Code for America. CFR is a nonpartisan national membership organization and think tank, as well as the publisher of Foreign Affairs. Among our members are many past and present U.S. presidents, secretaries of state, defense, and treasury, as well as other senior U.S. government officials, renowned scholars, and major leaders of American business, media, and nongovernmental groups. The format of the event will be a 90-minute question&answer session, moderated by somebody yet-to-be-determined. It will be "on the record," meaning press could be invited to attend and recordings and/or transcripts may be posted on CFR's website. The audience will be CFR members and invited guests (and maybe press); it is not open to the public. I am not getting paid by the CFR. |
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Something's changed, this bearish trend makes no sense and the FUD machine's going in new directions. If its being manipulated we're due some panic-stimulating rolling dumps but this looks more like preparation for damage control, anything happening that could cause panic in the fiat world?
The price is still too high. With huobi closing @ january 31 the price will drop. 550-650$ is the target, that's approx 50% of the ATH. It could even go as low before the chinese bubble, but that's highly unlikely. huobi closing inn january 31? where did you pull that from? care to share a legit source... |
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