I was trying to get my money from 2 withdrawals back to my Mtgox account.
I said:
I've read there's an indefinite delay on US withdrawals. Please refund my withdrawal requests back to my account.
Username: ****
Transaction reference: ****
Transaction reference: ****
Thanks.
They said:
Dear *****,
Thank you for your mail.
I could see that there are 2 withdrawals , which has been in confirmed status and is under process. We apologize for the delay this might cause to you. Due to a change in our banking system we are currently experiencing a back-log of withdrawals that we need to process. Our team is working hard to increase transaction speeds, but there is approximately a two-week back-log we need to overcome.
It will take a few weeks to get back to normal, and we thank you for your patience during this time.
If you have any further queries, please feel free to contact us and we will be glad to assist you with the information.
Best regards,
MtGox Team
So I said:
I've known people who've had "confirmed" withdrawal requests of longer than two weeks who still haven't received their money. If you can't guarantee my withdrawal will be processed in 2 weeks, please refund my **** USD back to my Mtgox account so I can buy some BTC with it.
Thank you.
Is anyone else having problems getting withdrawals to be added back to their Mtgox account? Did I say it incorrectly?
How will you buying bitcoins with your money help should they refund you? If you pay their markup and send it to another wallet your transaction will not be processed like mine wasn't and support will not respond. Support told me transactions like mine will be loaded automatically i have seen maybe 2 people in threads get their coins and they got thiers sooner then I did although I have been in que longer so how does that work? My last 8 BTC withdrawals were processed instantly. It's just the luck of the draw. Sorry, man. |
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I was trying to get my money from 2 withdrawals back to my Mtgox account.
They said:
Dear *****,
Thank you for your mail.
I could see that there are 2 withdrawals , which has been in confirmed status and is under process. We apologize for the delay this might cause to you. Due to a change in our banking system we are currently experiencing a back-log of withdrawals that we need to process. Our team is working hard to increase transaction speeds, but there is approximately a two-week back-log we need to overcome.
two weeks behind, they are catching up  It's always been "2 weeks" in every single email. I don't think anyone's gotten a different number. |
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Bitcoin may not be a Ponzi schema itself, but her is how you could run a Ponzi schema with bitcoin:
1, open an exchange.
2. Post yourself a bid at 10% over market price, say 1100$ instead of 1000$.
3. First client rushes in, sells 1 BTC. You credit his account with 1100$, warn him that withdrawal may take a couple weeks.
4. You sell that BTC at another exchange for 1000$.
5. Second client comes and sells 2 BTC. You credit him 2200$ and warn of delays.
6. You sell those two BTC for 2000$, now you have 3000$
7. You pay the first client 1100$, still have 1900$ left.
8. Third client comes in, sells 4 BTC, ...
You guess the rest. Like any Ponzi, it works while the clientele keeps expanding (but you may have to increase the spread, say 20%). Eventually you run pout of fresh clients and the thing collapses.
Which reminds me of an exchange faar faaar awaaaay.... Wouldn't it be easier to just fake the volume and set up automatic arbitrages on other exchanges? You won't make as much money, and the risk would be problems with other exchanges. Mtgox could easily be doing that to pay off debts. haha |
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I was trying to get my money from 2 withdrawals back to my Mtgox account.
I said:
I've read there's an indefinite delay on US withdrawals. Please refund my withdrawal requests back to my account.
Username: ****
Transaction reference: ****
Transaction reference: ****
Thanks.
They said:
Dear *****,
Thank you for your mail.
I could see that there are 2 withdrawals , which has been in confirmed status and is under process. We apologize for the delay this might cause to you. Due to a change in our banking system we are currently experiencing a back-log of withdrawals that we need to process. Our team is working hard to increase transaction speeds, but there is approximately a two-week back-log we need to overcome.
It will take a few weeks to get back to normal, and we thank you for your patience during this time.
If you have any further queries, please feel free to contact us and we will be glad to assist you with the information.
Best regards,
MtGox Team
So I said:
I've known people who've had "confirmed" withdrawal requests of longer than two weeks who still haven't received their money. If you can't guarantee my withdrawal will be processed in 2 weeks, please refund my **** USD back to my Mtgox account so I can buy some BTC with it.
Thank you.
Is anyone else having problems getting withdrawals to be added back to their Mtgox account? Did I say it incorrectly?
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I've had a request for a $1k USD withdrawal (wire to US checking acct) since Dec. 1, 2013. For awhile it sat in "pending" where it was cancelable . It has since disappeared from the pending and is now in no man's land. Obviously, no funds have been received. I transferred some coins out of Gox since I am getting very concerned with their business. The coin transfer hit instantaneously, which is good news, but as an international fiat business they are basically completely dead, IMO. FWIW.
Also, I know a JPY citizen so I'd be interested in buying here (e.g., coinbase) and selling there, IFF they actually are transferring money internally, which seems to be questionable. If anyone is getting JPY out it would be great if you could tell me which fincancial institution you could recommend.
Withdrawal: Pending is cancelable manually? Where is that option? I must have totally missed it. |
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Thank you for the email. We can see that your withdrawal is yet to be processed. The transactions are being re-issued automatically, however we will also escalate this to our developers and update you once the withdrawal is processed.
Best regards,
MtGox Team
got this in email ~hope alive?
Looks like support was full of shit nothing recieved . Mine was transfer to online wallet. What online wallet are you using? |
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Gox will be releasing a statement later today regarding btc withdrawal delays
And here it is. The transaction queue has been decreasing for the last 8 hours, btw. They could actually be working on it, as they claim. So CCMF or price down? Not sure when it comes to Mtgox. |
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Gox will be releasing a statement later today regarding btc withdrawal delays
any source? I was chatting with two members of Gox support earlier. They said there will be an announcement today (sorry i don't have a screenshot). I asked them was it bad news i.e. exchange closing / liquidity problems. They said no, not at all, they just needed people to be patient.They said it was a 100% technical issue, a "dust problem" whatever that means. I asked if Mark K could reproduce the "trick" he did one other time to prove they were solvent i.e. move a heap of BTC between two internal wallets so we know they have the coins. The support guy didn't commit to doing it but said it would be raised with Mark K. I guess we can only wait and see. Normally I'd make the joke about how the scammer is stalling for time by asking everyone to be patient, but I just got 2 withdrawals instantly again. So can't complain  what were the amounts? Over 10 BTC, but less than 100. Gox will be releasing a statement later today regarding btc withdrawal delays
any source? I was chatting with two members of Gox support earlier. They said there will be an announcement today (sorry i don't have a screenshot). I asked them was it bad news i.e. exchange closing / liquidity problems. They said no, not at all, they just needed people to be patient. They said it was a 100% technical issue, a "dust problem" whatever that means. I asked if Mark K could reproduce the "trick" he did one other time to prove they were solvent i.e. move a heap of BTC between two internal wallets so we know they have the coins. The support guy didn't commit to doing it but said it would be raised with Mark K. I guess we can only wait and see. Good to hear. I don't feel they can be insolvent with so much revenue you can generate with cryptos nowadays. I don t think mark is a scammer, otherwise he would not have given back the coins that were stolen back in 2011 when mtgox was hacked. However, I feel that they lack discipline and support staff, tremendously. But because they want to keep a high level of secrecy they are reluctant to doing so. Some ppl say it s a French mafia over there at MtGox in the sense that they do not trust so much non French staff. I am not sure about that. But certainly it can create communication barriers. But come on now they need to change that. Bitcoin is a key tech to make a world a better place and they are still the number 3 exchange out there. So they still have a huge responsibility. It is not only about making money. Any more. By the way how did you get to chat with the staff? It seems that they are never available. I don't think he is either. But where do you start drawing the line between admitting there's a problem or sitting in silence. It could be argued he's scamming those innocent people who deposit fiat in Mtgox. |
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Gox will be releasing a statement later today regarding btc withdrawal delays
any source? I was chatting with two members of Gox support earlier. They said there will be an announcement today (sorry i don't have a screenshot). I asked them was it bad news i.e. exchange closing / liquidity problems. They said no, not at all, they just needed people to be patient.They said it was a 100% technical issue, a "dust problem" whatever that means. I asked if Mark K could reproduce the "trick" he did one other time to prove they were solvent i.e. move a heap of BTC between two internal wallets so we know they have the coins. The support guy didn't commit to doing it but said it would be raised with Mark K. I guess we can only wait and see. Normally I'd make the joke about how the scammer is stalling for time by asking everyone to be patient, but I just got 2 withdrawals instantly again. So can't complain |
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by what standards is anything improving over there? everything is worsening......support answer time was hours half a year ago...now we can wait weeks ! each and every of my last 3 tx in different amounts were broken !! IS ANYBODY OUT THERE WHO GOT ANY BTC WITHDRAWL BROKEN OR UNBROKEN IN THE LAST 24 hours?  2 withdrawals at around 6:40PM PST yesterday. 1 right after the other. Went through instantly. I know I was lucky. I think the withrawals that go through instantly are only the small amounts. Big amounts need human confirmation I guess. Well given the withdrawal problems, it would be silly to try for a 100+ BTC withdrawal. And 0-100 has about the same success I've noticed. |
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yeah...its russian roulette...just requested 4 withdrawls in a row and unbelievably three of them went to the chain but the fourth got stuck again.....
and the former three are lost since 60 hours no support answer...whats-o-ever
thats in no way worth to do buiseness with them anymore...nuff is nuff !
Thanks for the reminder. Daily limit is reset. Time to try the lottery withdrawal again. |
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by what standards is anything improving over there? everything is worsening......support answer time was hours half a year ago...now we can wait weeks ! each and every of my last 3 tx in different amounts were broken !! IS ANYBODY OUT THERE WHO GOT ANY BTC WITHDRAWL BROKEN OR UNBROKEN IN THE LAST 24 hours? 2 withdrawals at around 6:40PM PST yesterday. 1 right after the other. Went through instantly. I know I was lucky. |
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What is the current state of China deposits in exchanges? Seeing as how tomorrow could be a big day, I'd like to get some clarification on this.
BTC China - Currently Legal. They are using payment vouchers. No 3rd Party Payment Processors. No Bank accounts.
Huobi - Currently Illegal or Gray area?? Deposits processed as domestic transfers to a business bank account.
Do I have this right?
Also Jan 31 (Jan 30 8AM PST to Jan 31 8PM PST) will be the last day to withdraw CNY from a 3rd party payment processor, but most of them have already discontinued this process.
I'd like to keep speculation out of this and just facts if possible.
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Sell it all then reinvest in Crypto Marketing Funds. |
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Guess who's going to get all the media attention when we hit ATH? Mtgox and bet most won't even talk about the withdrawal problems. |
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I wanna see Mark Kraples out. I defend the guy, I don't think he's evil. I don't think he's a criminal. He's just a bad CEO. He needs to get bought out by someone with credibility. He has to has to has to go.
Or at least hire a PR guy. All they have to do is have some News Announcement about working on US withdrawals and that will probably reassure everyone for another month. |
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It's like redemption codes.
You can sell the codes to another person. Now the 2nd person sells the code to the 3rd person. What happens if the first person redeems the code. Uh-oh. And there's no proof who redeemed it.
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There are people who can get fiat out of Gox - Japanese. But it's not consistent enough to do any major arbitrage unless yesterday was what was happening.
really? Name one. One fucking person who has had a successful fiat withdrawal this year. Cuz that bastard's got my money. Here are some, but even JPY is way backed up (which is not normal): I am a Japan resident. Posted a withdrawal on the 5th of January, was in my account 9 business days later.
You can find me in the epic bitching thread saying as much.
Requested 1/7 withdraw processed today 1/28. Waiting on a 1/10.
Thank you. That's informative. Perhaps it's the Japanese government who is facilitating this theft for the benefit of its citizens. If so, they are killing a golden goose. And this guy. I have decided to stop wasting time here, and let you all feed the panic instead. It is much more profitable. I managed more than 18% on my last round of arbitrage, all fees included. I wonder if I'll be able to get 25% on the next. Please keep panicing! Never search for the true answers; make up your own! Don't ever believe it is possible to withdraw anything! Don't believe arbitrage is possible. Please keep spreading rumours that MtGox are broke, etc. I've never made this much money with no risk and almost no work! I'm in my last week of full time employment. From now on I will make a living out of the price difference between Panicstamp and MtGox, and my bot of course. You guys! I love you all for making this possible! For all the other arbitragers who are making good money on spreading FUD here: I think you are a bit dishonest, and there is no need to. The clueless people here are fully capable of creating a panic for themselves. OK, I can't resist revealing some information about JPY withdrawals. Last known processed is from January 5th. Reason for the delay is 9 days of closed banks (Mizuho) and this: 07:19 <@MagicalTux> jpy withdrawal delays come from the fact there are more withdrawals than deposit, so we need to convert usd/etc to jpy, then send it to our japanese bank, which takes time and has limits much stricter than other transfer methods
The daily limit is 100 million JPY, btw. For everything else there is not much new. You will find the answers on previous pages in this thread. |
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