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Yes current level one AML is 1000btc/day
current level two is 10000btc/day
No, obviously nobody from gox in there has said anything concrete its all sepculation, I was just replying to the "lets speculate on withdrawal limits" question.
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Theres been a few discussions on the irc channels and most people seem to think it will probably be around 10% of current limits which are relatively high in all fairness.
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Mt Gox 30d volume $337m
At an average 1% fee that's $3.3, this is why its hard to beleive they are completely insolvent.
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They moved all their servers without a trading halt?
Their offices are only small in a general block of offices. Id imagine its hosted off site... |
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Yep, but I wouldn't hold your breath.
Would be awesome if they just dropped it out the blue
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Plus what would make you believe [Mark has the BTC]? Screenshot of bitcoinqt?
Someone suggested that he could tell the addresses and move the bitcoins among his addresses so prove that they are his. I was being sarcastic, maybe I should have added the  aswell  I'm not saying I know his cold storage arrangements but they will be very well locked down, private keys in super secure locations, probably key split etc, so like said above not really trivial to just move coins among addresses. |
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It would be trivial to prove he has the BTC. Why doesn't he do it?
Mark is saying its not trivial because of the intense security measures in place for the cold storage. Plus what would make you believe he had it? Screenshot of bitcoinqt? |
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Dumping time  Did I miss something ?! |
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The current range:
I publicly called the Feb 9 $530 as the bottom. I sold a tiny bit on the bounce, bought it back at $550.
I sold at $678, so I missed a little bit of the bounce and now I'm waiting for lows again under $600. I don't really care if it goes higher, though. I have BTC set aside for trading higher ranges. Only going lower than $550 will necessitate me depositing fresh fiat.
Congrats then, I just find myself too jittery to trade like that, closing way too early either end even though when Im not in a trade I seem to be pretty good at calling ~tops/bottoms. Well happy trading and hopefully everyones happy come thursday |
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Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...
It's not foolish at all, provided you can live with the probable loss. It's like betting a number on the roulette wheel that pays off 50 to 1. Yeah I can definately take the loss. I only spent 10btc which is a smallish percentage of my 'play stash'. The way I see it I would have to make a long series of really good trades to double up in the same way and there would be much much more risk involved. While Gox running off with the money is a distinct possibility I think the risk of this happening is far lower than 50-50. The numbers just make sense really. So we agree the risk/reward ratio is low enough. I think there is a greater than 50% chance you'll lose, but if you win, you'll more than double up. The problem is that this market moves so quickly that by the time you realize your profits, you may miss out on several other opportunities. Range trading to scoop up 2% per swing seems boring, but it's a guaranteed profit if you don't care if you're either fiat or BTC heavy when price moves to a new range. Yeah I see where your coming from. Range trading can bite you as well though if the market suddenly takes off and your left on the wrong side of a short- what would your range have been over the last week for instance? And what do you do when your trading for 2% profits and the market moves 10% the other way eating the last 5 trades you made? I dont see myself as missing other oppurtunities as I have enough fiat/btc to make any moves I may want to make in the mean time. As you can can probably tell I trade for btc profits rather than fiat. I personally put it about 30% Ill lose but only time will tell |
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Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...
It's not foolish at all, provided you can live with the probable loss. It's like betting a number on the roulette wheel that pays off 50 to 1. Yeah I can definately take the loss. I only spent 10btc which is a smallish percentage of my 'play stash'. The way I see it I would have to make a long series of really good trades to double up in the same way and there would be much much more risk involved. While Gox running off with the money is a distinct possibility I think the risk of this happening is far lower than 50-50. The numbers just make sense really. |
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Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...
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Gotta love the sheep. Sold the peak of 660 yesterday as the news from gox wasn't great but the market was always going to have a little rally. Testing the bottom around 550ish again and Im back in and bullish.
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Wouldnt it be hilarious if they just started fiat withdrawals as well.
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Anybody noticed how slow bitcoinwisdom has been updating trades today? The price has been updating constantly but the actual completed trades with btc amount seem to be a minute or so behind ?
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Once again, fucking hilarious. Why did this "marketing manager in online gambling games" not publish this 4 days ago when Gox announced downtime. What a shit dick. It's real easy to just go at something and scream and yell shit once something has happend. Now that Gox put out a statement, people get new shit to bitch at. Lmao. Care to address the points and explain why you beleive it to be so hilarious ? |
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Possible, but I doubt it. The shutdown had nothing to do with lack of funds, it was due to a cyber attack on a bug. A cyber attack on a bug ? So how come the other exchanges are open and have dealt with the well known issue. More like they cant just open up withdrawals because they are insolvent, this is mirrored by the restricted withdrawals they are proposing when they do open. I experienced the poker problems that he is reffering to and trust me the way mtgox is communicating is exaclty how these companies were communicating back in 2011. They havent even said when they are opening withdrawals (if at all) they have just said update on thursday... |
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Not picking on him but its hard to keep answering questions that would be obvious if you did some reading like the majority of us have done. |
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You may counter with 'people will then deposit BTC in to Gox to arb the premium' but let's see....
Thats not going to happen is it. You cant get goxbuxx out. Gox has been $200-300 above stamp at times in the last few months and thats because an arb that way doesn't work if you cant get your fiat. |
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