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One hour without a single trade at Gox.
DDoS? Not looking good.
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Currently there is an unusual delay in processing the withdrawals since the banks could not match the pace of BTC transactions.
Really? WHAT A JOKE. |
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The good times...  The not so good times...  And finally...  Charles Ponzi would be proud of you, Casinobit... |
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Just wanted to add that I always knew that the "queue in receival order" criteria was BS, because when in July I was receiving SEPA transfers in just 2/3 business days there were a lot of complaints about very long delays in SEPA withdrawals. I entertained the idea that Gox was giving priority to bigger withdrawals, but now I see is not the case as my withdrawal is more than double than the one that someone reported to have requested on August, 26th and received today.
In any case it looks to me that Gox is blatantly lying on pretty much everything. I don't buy they are "overwhelming" the biggest bank in Japan with their ridiculous volume, and I don't buy the withdrawals are processed I FIFO order.
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I requested a SEPA withdrawal BEFORE you did (23th August) and still nothing from Gox's side. Here you have again the proof that "queue organized in request order" is utter bullshit.
If you have no finished withdrawal in the last ~20 days, you are right. I have had no finished withdrawal in the last 2 months. In fact I had not requested any withdrawal since the first week of July. What was the response from support? There is obviously something wrong. Same account as last time, btw? Honestly, I just opened a ticket, I didn't do it before because I was hoping the "up to 2 weeks" for SEPA was going to be respected as they always did in the past. And yes, its obviously the same account. I only have one account with Gox, fully verified with original docs sent, etc. etc. etc. |
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I requested a SEPA withdrawal BEFORE you did (23th August) and still nothing from Gox's side. Here you have again the proof that "queue organized in request order" is utter bullshit.
If you have no finished withdrawal in the last ~20 days, you are right. I have had no finished withdrawal in the last 2 months. In fact I had not requested any withdrawal since the first week of July. |
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I have 5 open SEPA transfers. 3 of them about 200€, one 400€ and one of 800€. I ordered the transfers: 2013/07/30 , 2013/07/30 , 2013/07/31 ,2013/08/12 and 2013/08/14. One order from 2013/07/26 about 200€ I got after 3 weeks. I didn't have to contact support. MagicalTux explained it on #mtgox today: 13:30 < jouke> Just received an answer on my ticket: "We were bound to certain
withdrawal limits per day which forces the requests to pile up
in long queue. We suggest you to cancel all your pending
withdrawal request and make a new combined single request. So
that it be processed faster."
13:32 <@MagicalTux> remember one thing
13:32 <@MagicalTux> if you did multiple requests, only one can be processed
every ~20 days
In short: Cancel all your tiny withdrawals and merge them into one. It will be processed much faster.
UPDATE:I got my money today, 1800€. So my last finished 3 withdrawals: 1800€ : 26. August ----> 10. September 217€ : 26. July ----> 19. August 200€: 23. July ----> 25. July So I can confirm, that it's like one SEPA every ~20 days  (from the day one SEPA was finished, not canceled) I requested a SEPA withdrawal BEFORE you did (23th August) and still nothing from Gox's side. Here you have again the proof that "queue organized in request order" is utter bullshit. |
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Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi. And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never. OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing". Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC ( https://nakowa.herokuapp.com/). That's a scam of the lowest kind. Actually, nakowa is good at math, he understand gambler's fallacy. What he was trying to explain is there are do have risks for the site , but he found it's hard to explain clearly . Also, he is reasonable and not actually a gambler. He said he was trying to never bet in the JD. just let time speaks, we all actually misunderstand nakowa. Yeah yeah ok Nakowa is not a gambler and is good at math. Except he says a certain pattern of WLWLWLWL must be more popular, which is false. And he is a gambler because he wagered 50,000 bitcoin on Just-Dice. He even admitted to being addicted at one point and how its hard to stop. He even got dooglus to put a block on his accounts to he couldn't bet. I have nothing against Nakowa but what you just said isn't even true, he admitted on chat that he was getting addicted, where is your facts coming from? it's money, huge amount of money, and yes, WIN or LOSE, it gets people addictive.  for those who ask me "would you play again?", the only reasonable answer they can take is "IDK". We agree that you are a gambling addict, the funny thing is that despite you openly admitting it there was someone in this thread saying "Nakowa is not a gambler". |
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You really succeeded in arbitrage? I tried, but the money comes too slow.
What do you mean by money coming too slow? You have to keep money on other exchanges and BTC on MtGox at the same time, so you can do the trades at the same time. If you can't do both trades at the same time, you are doing arbitrage wrong. I have money on both exchanges but what's the point if I cannot cash out the profit from Gox and with that profit buy more BTC at a lower price on Bitstamp? The only thing I can do is to buy coins at Bitstamp, send them to Gox and sell them at a "profit" that I cannot realize for weeks/months. When I realize that profit, I can buy way less BTC than I could have bought if I could have transferred the fiat fast (I'm assuming BTC is raising mid-term, as usual). Making a long story short, I will make some $$$ because I'm buying on Biststamp and selling higher on Gox, but I'm losing coins because when Gox's profits arrive and I want to buy more coins the price on Bitstamp is HIGHER than it was on Gox when I sold. That's makes arbitrage pretty pointless to me - and I guess than for many others too, otherwise there would be no constant and big spread between the exchanges. |
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When my multiple SEPA withdrawals cleared in just 2 days (July) I reported it, and I received a lot of heat as some said I was lying... But I was not.
On the contrary, my last single SEPA withdrawal was requested on Friday, 23th August and it's still "confirmed" 18 days later. The "up to 2 weeks" looks like BS, and it looks to me that the SEPA queue is is not getting shorter at all.
When did you receive your last withdrawal? It seems the SEPA queue (esp. the long queue) is getting longer again. I guess people have dicovered SEPA was very fast for a while. My last received withdrawal came through before mid-july. And BTW, I did 3 consecutive withdrawals at that time (medium, high 5 figures) and the 3 of them arrived in 2/3 business day, so the explanation about multiple withdrawals and a "long queue" didn't apply just a few weeks ago (beginning of July). My last requested SEPA withdrawal is still "confirmed" 18 days later. Honestly, Gox is really in DEEP shit. I vouched for them for months, as I strongly believe they are honest and they wouldn't run with their customers money, but now the situation is getting very very bad. By not pulling their shit together they are losing THOUSANDS of customers, and a HUGE amount of money in trading fees. They have to be desperate now, if you have ever run a business you know that such huge and fast decline in turnover/profits is dramatic for a company. I guess they are trying very hard to solve their problems, but they are failing big time. Next time I will try the "priority withdrawal" that goes with a 5% fee, but if that option truly works I'd assume they would advertise it a lot more, because at least would give some sense of security to their customers. |
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I think the safe and simple solution for now until MTGOX sorts out their issues or makes a definitive statement as to the real reason for the delays is to cash out your USD position at MTGOX for BTC and move the BTC back to your private wallet.
My last withdrawal went fine, FYI. Please do as davidspitzer suggests, as it will allow me and davidspitzer here to do more profitable arbitrage between MtGox and other exchanges. You really succeeded in arbitrage? I tried, but the money comes too slow. |
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Some of this information is very sensitive and some is useless. E.g. oldest withdrawal in the queue. If you intentionally DDoS the withdrawal queue by doing many small withdrawals instead of one large, you are placed far back in the queue every time a withdrawal is processed. This is only fair. Some of this is very market sensitive. E.g. total deposits. (Which are in many different currencies, btw, not just USD.) They should not publish this, and if they did it would mean instant death as an exchange. Large investors must depend on MtGox not publishing those numbers. MtGox has very a very strict privacy policy as well. It is important to ensure that no private information can leak out. I can't see any other exchanges publish those numbers either.
The only important number to most people is how long they have to wait for their money if they withdraw today, and how the queue is organized. I have provided the know figures in this thread. It is collected from various sources, and I wish MtGox would make similar information available.
I disagree. I do not see anything wrong with aggregate data transparency as other financial institutions do this already. So, what is your logical rationale for instant death an an exchange providing such figures? If I want to buy 30k BTC, MtGox is the only exchange where i can do that at a reasonable price. I would transfer 5 mill USD to MtGox to make mu purchase. If it became known to other players that someone just transferred 5 mill USD to MtGox, they would make sure to buy first. So MtGox would be useless for this purchase if they were that transparent. I would go to one of the less transparent exchanges (i.e. ANY other excahnge) instead. So would all other large players. MtGox would lose their large players and die in a few days. They do not have to announce that someone just transferred 5 mill USD, that's retarded and useless. They could just publish a monthly or quarterly report with the aggregate figures to prove their solvency. Keeping silent or giving bullshit excuses ("we are overwhelming the biggest bank in Japan with our volume") its hurting BTC. |
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Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi. And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never. OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing". Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC ( https://nakowa.herokuapp.com/). That's a scam of the lowest kind. Actually, nakowa is good at math, he understand gambler's fallacy. What he was trying to explain is there are do have risks for the site , but he found it's hard to explain clearly . Also, he is reasonable and not actually a gambler. He said he was trying to never bet in the JD. just let time speaks, we all actually misunderstand nakowa. So, let me gets this straight: - he understands gambler's fallacy, but he plays Martingale and thinks he will never lose using that strategy, and thus j-d has a flaw. - he is not "actually a gambler", but he has been gambling compulsively (multiple bets per minute - 50k BTC wagered!!!!), and he openly admitted he couldn't stop when he saw his "strategy" was a winner Yeah - seems legit. He's definitely great a math and not a gambler at all. |
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When my multiple SEPA withdrawals cleared in just 2 days (July) I reported it, and I received a lot of heat as some said I was lying... But I was not.
On the contrary, my last single SEPA withdrawal was requested on Friday, 23th August and it's still "confirmed" 18 days later. The "up to 2 weeks" looks like BS, and it looks to me that the SEPA queue is is not getting shorter at all.
If there's was any way to move fiat fast from MtGox (SEPA, JPY, whatever) we wouldn't have a 10% premium on Gox, arbitrageours would take care of that spread. But they are not, just because they cannot.
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It would be cool to have a link to the google docs order book in the OP.
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Who am I?
I have been on this forums and other forums for the past years with good standing. I am currently responsible for another group buy of 782.1 BTC for 10,000 Avalon ASIC Chips. JohnK has all my information and has my permission to release them if there are any dependencies.
Should we consider this situation as "dependencies"? |
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Your high profit hourly parameters worked wonders during the last crash and subsequent whale driven spike.
Great job, Oda...
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Why do I see the trading volume is zero?
What are your bank conversion rates for £ and USD?
Because there's still no BTC/FIAT trades? |
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Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi. And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never. OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing". Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC ( https://nakowa.herokuapp.com/). That's a scam of the lowest kind. |
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