I still think the price is way too low because MtGox is used by speculators for short term trading due to its very good volatility and liquidity. So if you are an intraday trader, what do you play since 10 days ? Of course you sell hard to make people panic and reach their stop loss, at which point you start to buy back. It is low because of that reason, intra day trading.
I don't buy into bankrupcy view the level of fees MtGox earns every day.
I think this company had been too big, too fast BUT they are not running out of cash. They just have 1 million customers while it is sized for 10,000 clientx max !
Give them time ! I am (pretty) sure we will get our money back and BTC will rise again at least to the same value of the other market places, like Kraken.
DON'T fall into PANIC SELLING !
nobody is panic selling besides the thiefs.....but they are of course the heads of the bitcoinfoundation.. you have been had all along.....Cheers
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Guys, just be patient. Anyway, our money is blocked in their account for a while. So why converting BTC into EURO at a so low price I don't understand ! You won't be more secured with your EURO stucked in their account. It does not make any sense. Having money in EURO or BTC stucked in MtGox is the same ! So for God sake, stop selling BTC at these ridiculous low levels and be patient. what do you think ? Do I miss something there ? Yeah you miss the fact that nobody is selling their BTC at Gox right now...not even you ! Everybody wants in to buy....so who can and is selling ? of course.... the insiders... what do they know what you donīt know ?....of course... Gox bankaccounts will only be accessible by laywers and from the cayman islands....
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... 2. they will recive transfer and le you buy and sell the bitcoin only in they exchanger but not withdraw ...
3. they stop withdrawal for customers. Afterwards they will buy inside very cheap Bitcoins -> which they sell outside for twice the money. (At no risk / Until they have refinanced losses... Sounds familiar?! I guess this is happening right now) 4. they will suspend and sue all accounts who used the "transaction malleability" trick. (People had to register with ID at Gox) Maybe they get some money back. However, I'm pretty sure they will blame someone else. 5. a bank/country has already taken over MtGox to destroy the value and trust in BTC. 6. they are total insane dumb ass idiots and continue like this... -> Trust in Bitcoin will be lost. 7... 8. its a well done insider scam ( 4hours before announcement there were enough poeple whoīd rather have a misely 150 dollars as goxbalance than BTC ---certainly not panicking japanese depositors neither Mark alone) if noauthority stops them then the next protest luckily is at the bahamas or I would evn prefer to visit the cayman -islands....rather then freezing over in front of an empty hotel in nuclear ravaged Tokio
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The smaller SEPA withdrawals <500 seem to go through fast but I am really curious what the latest date is that someone received a larger SEPA withdrawal. My withdrawal is from 17 Jan and still hoping that I have it by end of this month.
I have received 10k euro yesterday. The withdrawal was placed in the queue at MtGox on 2 Jan. This is really valuable information. So, the above-threshold SEPA queue is at 47 days. Should shorten a bit before stalling again at the end of January if my hunch is correct. It will definitely shorten as lots of people have cancelled FIAT withdrawals and bought the cheap mtgox btc. WTF ? there are still people left in the Sepa queue ? Iīd happily pay everybodys balance out subito - just cancel your Euro withdrawl please PM me and tell me your account number !
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WARNING: There are long term users here who will scam for large amounts, including Escrow operators. A lot of people got caught out by Projects a few weeks ago. He ran away with an awful lot of money after playing the long con.
I'd suggest doing transactions in chunks you can afford to lose. For the sake of a few more transactions it could save a lot of heartache.
how right you are! i stopped some deals with "honorable members" because it turned out to be a scam-sheme. if people donīt agree to share deal to smaller parts, be warned! Why donīt they get personally known and confronted ?
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at least these bastards are making money while people are loosing fiat and stuck without their btc and fearing to face bankrupcy... there is nothing to fear anymore or who do you think is doing the selling at Gox ? no other way than the thiefs themselves....
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no civil unrest at Mt. Gox headquarter today? people are sitting on their hands cause there are still bids of 50 % at bitcoinbuilder which is the new withdrawl facility...? Mr. Sturle might be on his way to Tokio and if not for protesting then there must be a crony pot to be plundered. Bitcoin and its early adopters have been corrupted, blinded by greed and deserve to be flushed down the toilet ! LONG LIVE LITECOIN as it should command a premium over 0.25 of bitcoins value......considered how fucked up the heads of this first but centralised peer to-peer currency were . The truth is going to be told right about now.. if you remember its an old hat already
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I wonder if Mark still pays ? but lets stop beating a dead horse....yen withdrawls are tickling down to 6 weeks from here and then stop all together......something always must be given to the cronies and laywers
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At this time I think bitcoin and bitcointalk are needing some brutal hard forks : Those who are out of Dodgx have a huge party financed by selling their resting bitcoins...as Lightcoin can do everything what bitcoin does even quicker and is not yet centralised on Gox ! And the other half partying with Mark and the bitcoinfoundation celebrating that they still can centralise the lightcoins when this bankruptcy is cleared and the laywers are paid Cheers
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[/quote]
I did not even understand your incomprehensive blob of "questions". [/quote]
You donīt even want to ask yourself where at the table the sucker sits because you are afraid that you wonīt find
out other than by seeing the cards played ? OMG you just lost the ranch...
try again to save it : Who sells those coins at Mt. Gox ?
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I made a crude back-of-the envelope calculation back last year suggesting that if Gox is actually under water, it's only a few million total (when their orderbook is tens of millions). So, the people shouting "GOX IS INSOLVENT", please back your claim up with some kind of evidence or reasoning.
About the recent BTC withdrawal issue, evidence would be easy to gather from the blockchain. If you're suggesting someone scammed huge amounts of BTC out of Gox.
Am suggesting you tell us who is selling at MT. Gox...thats real selling of not so real Goxcoins! So there it is the proof of their bankruptcy not able to be explained or hoped away ! Who can and would do so...? right! Who canīt sell at bitstamp ? right! Why he would do so...? right ! Who pays the bill...? right again? here we go ! Just W T F are you talking about man? I really don't see why these people who know everything, including the future, are into forum guessing games instead of e.g. going to a BTC betting page and doing all kinds of gambling. I've seen "mtgoxisdead" people in 2012 and 2013 as well. The site was always, ALWAYS back up after every hack, ddos, market plunge, technical difficulty, and the smartie guys who predicted coin-armageddon shut up and disappeared, or just acted like they haven't been spreading fud for the last x months. Right now, you DON'T KNOW JACK about how it's gonna end. You or me or anyone else on these boards has insufficient info to predict anything. Some of us realise this and doesn't get into wild guessing. Some people act like they know what's going to happen, and they look like fools. n the end, the real fools will be who actually lost money due to not thinking clearly because of the HOPE.I (of course, above does not stand for ppl who are actually suffering because of the wire transfer/USD issues. But there are LOTS of people who don't care about USD/IWT at all). You havenīt answered one of my questions cause that would make yourself seeing yourself as a fool to have believed in fairy - tales ( that makes you angry, citing unrelented conditions of the past, because nobody likes to see himself as a sucker.) Hopefully you just try it out without needing to tell me --- just for yourself...... Who is selling those BTC at GOX at these prices and why ? You canīt speculate yourself around this fact.......every entity in the world goes bankrupt when selling any commodity for 30 % of its value ( even the soviet .union ). Only two real world scenarios can explain this fact : You close shop and sell out your stock cause you are bankrupt (why not at stamp then?) or you sell stock you havenīt payed for and as such not really belongs to you...... If you have other Fata - Morganas in mind please prove me wrong.....I can stand the shame and am not going to disappear without confessing that I am the biggest scumbag, loser, idiot , mistrusting- sucker of bitcoinworld for all times ! Cheers Zyk
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I made a crude back-of-the envelope calculation back last year suggesting that if Gox is actually under water, it's only a few million total (when their orderbook is tens of millions). So, the people shouting "GOX IS INSOLVENT", please back your claim up with some kind of evidence or reasoning.
About the recent BTC withdrawal issue, evidence would be easy to gather from the blockchain. If you're suggesting someone scammed huge amounts of BTC out of Gox.
Am suggesting you tell us who is selling at MT. Gox...thats real selling of not so real Goxcoins! So there it is the proof of their bankruptcy not able to be explained or hoped away ! Who can and would do so...? right! Who canīt sell at bitstamp ? right! Why he would do so...? right ! Who pays the bill...? right again? here we go !
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fiat jpy withdrawal submitted on jan 27th just went through this afternoon.
thats 14 business days. 6 day increase from one on jan 6 that was 8 business days.
Fiat SEPA withdrawal submitted on jan 7th just went through this mornig. arenīt you pissed by not being able to buy some goxxies for under 200 Euros now??? Nops , How do you expect to withdraw your coins then ? What market is telling us is that the chances to withdraw your gox.coins is 200/500 = 40 % . maybe that's what you will be able to withdraw when they open coin windows. if you sell them at bitcoinbuilder you still have a 20 % markup on your money - weird isnīt it?
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why is nobody questioning from whom he buys those "ridiculous cheap" goxcoins at Mt. Gox ? isnīt that still not obvious to the community that their counterparty over there are not themselves ? thinking this line....and pretending not to know who is being played as a fool is of course hazardous to your financial health as the mental one seems already lost cause your eyes are replaced by BITCOINS
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This is the ultimate bag-holder, hot patato thread, epic panic/greed unfolding before my eyes, so fun.
I look at it this way, the ONLY reason 200 dollar coins were for sale on gox is because the owner paid 10 cents for them.
NO !!..even then he would sell them at stamp !! those 200 dollar coins came for free or are not exactly belonging to him...ya know what amsaing
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fiat jpy withdrawal submitted on jan 27th just went through this afternoon.
thats 14 business days. 6 day increase from one on jan 6 that was 8 business days.
Fiat SEPA withdrawal submitted on jan 7th just went through this mornig. arenīt you pissed by not being able to buy some goxxies for under 200 Euros now???
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no, no please Mr. Sturle tell us that the money is still flowing...... or might he as well has canelled the withdrawl and bought some of those ridiculous cheap goxcoins ? then all this money spent could only get the cat bouncing a tails length ? then please please Mr Magictux do the trick of the moving coins again ! as the fat guy must sing first or this is still not the end yet.......
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few minutes?
no, im not joking, under the one second it took to move from the jnb tab to the mtgox tab. it happened instantly.
wish the reverse would be so kind.
from jan 6 to the 27th, withdrawal time increased by 6 business days. 14 business days is, as far as i can tell from other posts, probably the the backlog. i imagine my withdrawal on the 6th was simply lucky enough to get in before many others. there was probably 14 business days of backlog by the morning of the 7th.
since it seems this thread doesnt have any trolls atm, just curious, how do you guys feel about gawks? i see mark as an insecure nerd but i really dont see a fat frenchman who drinks "coffee desserts" as liable to run off with money, and there is no way in hell they are insolvent. why is it the price is getting close to 1/3 of the other exchanges? isnt it a little overkill?
you should always know where the sucker sits at the table or else it might be you simple reasoning: the person who sells you goxcoins for 30 % of outside worth, would only do so, if she knows already that there wonīt be unhindered withdrawls on Thursday and is apparently not able to sell them on account at bitstamp herself but can take out the balance at gox immediatly.....no desesperation smelled? selling any commodity in this quantities under the market price is driving any entity on earth in bankrupcy..... or its an outreight heist ---- no way that you found paradise at Gox !
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Citizen's arrest based on what? You need to tread carefully when doing such a thing.
No, it's simple as pie. If you have grounds to believe that there is a crime going on, and that the criminal may be about to run with the money, you just detain him and leave the matter to the police for investigation. The police cannot fine you unless they find out that Mt.Gox is committing nothing criminal. In the complaint you outline the crimes in such technical precision that the police cannot find them not true without real investigation. So they will have to investigate. Of course they can summarily decide that you are wrong and the arrest was unlawful, but if Mt.Gox ever is found guilty (which I would say is 99% sure at this point), you will triumph as a hero and Japan police and judicial system is shamed. This is exactly why citizen's arrest prevails in the legal code. When it's taken away, then there is nothing more to do but whine.so we need at least four citizens arresting the weighty magicien before he is walking through the magic wand... Lets go Japan to get our money out!! or better wait until Mr. Sturle confirms the arrival of his SEPA payment ?
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Many of you suckers people are not getting this: You are not going to be paid by Mt. Gox until you either apply serious pressure to them or they come up with some way to underpay you.
If Mt. Gox owes you money, you need to be suing in Delaware and complaining to the SEC and complaining to the Japan FSA and talking to a collection agency in Japan and talking to the Japan External Trade Organization and the financial press. You can apply pain to Mt. Gox until they pay up. And you should. Now. While the world financial press is watching.
I've collected amounts in six figures across borders. It was a headache, but eventually they paid 100%. It took a lawyer and threats of taking them into bankruptcy, but I didn't have to go to court.
or you lose 30 % in bitcoinbuilder make up 60 % afterwards selling at stamp and get out without paying up to those pain in the ass laywers of which Mr Karpeles will have the best -ones financed out of our stolen funds... thats what you get if a peer to peer idea gets corrupted by centralising it, only to be taken over by the sytem it meant to change.....still praising assholes at the helm which are there cause any centralised authority sucks !
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