and when all your btc are worthless / have been lost / bitcoin is dead: https://www.youtube.com/watch?v=X2WH8mHJnhM

As a 2011 kid I've seen gox incompetence for years. It's nothing new and this is just another chapter in the book of gox. Newbies don't see the difference because they don't know the history. It's like they open the last chapter in the book and at that point it has turned really ugly, but they need to have read the whole book to get a full picture of why things are looking so ugly.

From what I understand their bank account has limits of say 200k EUR per day. That means waiting queue. They may be incompetent dealing with the legal issues, (e.g 5m USD frozen in US) and are stuck with these low limit bank accounts. I can see mtgox slowly losing it's market share due to their inability to take care of these issues, but as long as they're not arrested (and I do realize this is a risk so I try to limit my exposure to any exchanges) they will keep pumping funds out slowly, but surely imo. Long story short I don't believe Mark has some evil masterplan to run off with all the btc, nor do I believe they are insolvent. They just can't deal with the "real world".

Yes I made this today and it should arrive tomorrow based on my previous transactions. It takes about 1 business day for money to arrive.

Friends of mine in RL have been able to withdraw EUR just fine, again and again. There are issues with USD only, and withdraws are slow, but they do occur.

I can certainly do that too, but I'll probably keep the BTC and bet on gox being solvent. I do take some risk by selling btc and transfering usd to mtgox, the price could go anywhere while I'm waiting and I have to trust an intermediary (which is why I won't transfer too much per batch).

I sold at ~$580, assuming I get to buy in at $130 thats 4.46x my investment. In other words: mtgox must have lost 75% > of their BTC for me to lose. Not a bad bet. I don't believe the accusations that they are running fractional reserve in the first place, so I'm obviously hoping that I will be able to withdraw all.

This isn't my only deposit to gox recently and may not be the last one either. I simply do not buy the idea that mtgox is insolvent. They have made far too many BTC since they came online in 2010. I don't feel like I'm taking much risk and if mtgox has lost 50% of their BTC I still win. Honestly, what are the odds mtgox has lost 50% of their bitcoin?

I'm not going to look through his post history to find any exact quote, but I usually find that he has some interesting thoughts and input. What he says makes a lot of sense most of the time. While on the other hand there is a mad house of people going on and on about how mtgox is broke & other FUD. Sturle is not a shill, why is that being repeated over and over? How about some proof?

As far as losses is concerned, nobody has lost anything yet. A temporary pause in withdraw is not equal with insolvency. Let's see how this turns out before we start making assumptions. In hindsight it would have been sensible to sell BTC on gox and buy back now. But you can't put price fluctuations down as a loss, you are free to trade however you please and could have made a killing from gox being gox.

I'm not sure how you lost 150k, but surely it did not happen because mtgox stole your money but rather through you making trades that where not in your best interest.

That's what I'm betting against. Observe the masses and do the opposite. The herd is panic selling so I'm buying their panic sold coins. If I'm wrong, well, at least I will have had the odds on my side.

They sold because they think people will sell because bitstamp disabled withdraws.

I sure hope so. I just sent ~50k to mtgox. Would be a dream come true to buy in double digit.

Please re-consider. There needs to be a voice of reason in this mad house. I'm sure I'm not alone in appreciating your input.

~$330, but only about 20k, working on depositing more now. Did a few trades on bitcoinbuilder too, but the rate there isn't good enough compared to fiat deposit.

and then we have people like me who deposit fiat and buy more btc.

I'm still looking to buy 1000 BTC worth of goxBTC, my offer however is now lowered to 25%.

Yes, BTC only.

Been depositing and buying some more BTC last few days, also converting with people selling goxBTC. I think I'm about to become a little too overexposed to gox, but I really can't imagine them being insolvent considering all the money they have made throughout the years.

Come on guys, isn't this a little harsh?

What are you basing all this on? The FUD being spread by 2013-2014 users about mtgox being insolvent?

Mtgox has had quite a few fuck-ups throughout the years, but they have always refunded users and mtgox even bailed out other hacked exchanges. The amount of money they have made in fees is likely hundred thousands of BTC. I just don't see how they can be insolvent at this point.

Some incompetence, or maybe just stubbornness of Mark to do all the programming himself? I don't know, but I can't really hate him for it. As long as I am given my BTC within a reasonable time (few weeks) I don't really see an issue. Friends of mine received fiat withdraws this year. It doesn't scream scam to me, just a lot of trouble, maybe a CEO who can't handle it all.

But calling for somebody dropping him dead, wishing him ill etc is really not the time, if he end up scamming / not giving back funds then fair enough, but too soon imo.

I think this will blow over within the next few weeks, when bitcoin withdraws are enabled and the mtgox price is sky high again everybody will be happy again (except those doing stupid trades right now).

I'm buying with both hands on gox, we should cheer Mark for gifting us these very cheap bitcoins.