Probably time to pull your funds out of GOX

[Fluttershy]

Considering all the trouble MtGOX is having with the banks they use, now might be a good time to convert any funds you have with them into bitcoins and pull those out. Then if you need fiat dollars in the future you should deal with a broker on the currency exchange forum.

This way, all of GOX's assets will be in a form they can work with the banks and they'll be more capable of reestablishing themselves. Also, this will give the price of bitcoins a much needed boost in times of trouble and limit the amount of people who lose all their money should this situsation devolve into further action by the government against GOX.

[adamstgBit]

Considering all the trouble MtGOX is having with the banks they use

tell me more

[tgmarks]

Yes, please expand on the "trouble"

[squid]

Barclays = all banks apparently.

[doke]

hmm, no.
extra no for being a brony

[Spekulatius]

Barclays = all banks apparently.

MtGox had trouble with that French bank 1 year ago, that wanted to keep MtGox from opening an account with it (dont even know how that worked out). I think that Polish bank caused some disturbances as well. But so far the exchanges stayed strong. In worst case scenarios, MtGox could still move to some tax havens within Europe like Monaco, Liechtenstein, Luxemburg or the Canaries if it wants to maintain an account in the Eurozone.

[Melbustus]

Yeah, well, if govs do start putting extreme pressure on the exchanges, it'll be analogous to getting money into/out-of online poker for US citizens. It's always been a bitch, and became worse after UIGEA in 2006, but still do-able. And online poker has been a multi-billion $ industry for years. So, I see no reason why the measures taken against bitcoin exchanges would be any different, at least while bitcoin's market cap is under a few $B.

[Yuhfhrh]

I think there needs to be a lot more information in the OP, otherwise this seems to be just trash.

[byronbb]

Nice try at starting a rally.

[Fluttershy]

If things go pear-shaped and Magical Tux decides to pull a Pirate rather than deal with the government, don't say I didn't warn you all.

[Spekulatius]

If things go pear-shaped and Magical Tux decides to pull a Pirate rather than deal with the government, don't say I didn't warn you all.

Ok archived

[smoothie]

It wouldnt be a bad idea to have a mtgox exchange run where all depositors withdraw their funds at the same time and see if mtgox crumbles.

Any takers?

[proudhon]

It wouldnt be a bad idea to have a mtgox exchange run where all depositors withdraw their funds at the same time and see if mtgox crumbles.

Any takers?

Ok, I'll go first.