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Author Topic: Mt.Gox out of money  (Read 1701 times)
Ago_Solvo
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January 22, 2013, 07:30:58 AM
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I'm a newbie so I can't post on a thread another user had made, so I'd like to discuss it here.  https://bitcointalk.org/index.php?topic=137923  He insinuates that Mt.Gox may be out of money.  First off I'd like to point out, that it sounds like he has more than the $4000 he tried to withdraw in his account.  Second off, if I really thought that Mt.Gox was running out of money, I wouldn't be running to bitcointalk, probably the most popular forum for bitcoiners, to tell everyone about it.  If I truly believed what he said, I'd keep that info to myself and try to withdraw all I could instead of scaring people into making a run on Mt.Gox.  I have heard that people trying to be completely anonymous with Mt.Gox have had problems getting their bitcoins back.  I can understand that.  I can also understand that it may take longer than expected for your first large withdrawal from your Mt.Gox account.  I'm sure there are plenty of miners that regularly trade bitcoins and withdraw $$$ on a regular basis from Mt.Gox.  Being that they've only been around a short while, and this is a new game, I would expect them, for the safety and legality of their business, to give us all a hassle at some point.  That is all.
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January 22, 2013, 08:33:56 AM
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I doubt this, GoX will stay around, there's too much at stake to take down the fiat system!
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January 22, 2013, 09:15:39 AM
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Just to point out that he indeed is a regular miner, and has probably exchanged more on mtgox than both of us combined. He's the operator of eclipse mining pool too.

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constitution
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January 22, 2013, 06:03:14 PM
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I doubt mt.gox is out of money, after all they are the largest (by far) exchange in the Bitcoin world.

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January 22, 2013, 06:07:07 PM
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Considering how much activity there has been recently in bitcoin. It seems weird that they would run out of money. They must surely be as profitable as ever.

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January 22, 2013, 08:01:28 PM
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I have an account with Mt. Gox and seeing this kind of stuff makes me nervous.  Has anyone successfully withdrawn money (more than $1000) from Mt. Gox recently?
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January 22, 2013, 08:08:58 PM
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I have an account with Mt. Gox and seeing this kind of stuff makes me nervous.  Has anyone successfully withdrawn money (more than $1000) from Mt. Gox recently?
Would it put your mind at ease to know that we are talking about unsubstantiated hearsay? 

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January 22, 2013, 09:22:16 PM
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We may be talking about unsubstantiated hearsay, but Mt. Gox has imploded in the past and I have no way of knowing where that money went ... do you?  Besides I've heard of Inbara (sp.?) before and I don't believe he is made of pure gossamer.  I just withdrew my daily limit of bitcoins from Mt. Gox and will continue to do so until things get resolved.  The last time we were over 17, it popped at about 30 and that was when Mt. Gox was "hacked", whatever that means.
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January 22, 2013, 09:28:35 PM
 #9

If MtGox were out of anything, I'd expect them to be out of bitcoins.

Being out of fiat money when the price is rallying hard just doesn't pass the sniff test.

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January 23, 2013, 06:57:21 AM
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In 2012 ,they has $2M profit.

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January 23, 2013, 09:17:20 AM
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I don't think it is possible. They probably have some difficulty balancing money after the holidays as I think a lot of people took their money out, but I guess they will handle it.
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January 23, 2013, 09:38:18 AM
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mtgox may be out of money, but i have nearly fitty dollars in paypal right now

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January 23, 2013, 09:54:23 AM
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They haven't had money in their Dwolla account for atleast 13 days now. My withdraw has been "to do" since the 10th and they've said they don't have any money in their Dwolla account.

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Timo Y
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January 23, 2013, 11:36:51 AM
 #14

I have an account with Mt. Gox and seeing this kind of stuff makes me nervous.  Has anyone successfully withdrawn money (more than $1000) from Mt. Gox recently?

Yes, I have.  My last SEPA withdrawal took 3 days.

I doubt mtgox is out of money.   I have often had problems with delays with them, but I always received my money eventually. My guess is that they are overwhelmed by the bureaucratic burden of running a large bitcoin exchange.

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unequal
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January 23, 2013, 07:58:19 PM
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i was about to upload alot of money to mtgox...should I wait?
sbrzol
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January 24, 2013, 11:14:50 AM
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i am waiting for my money more than 14 days , SEPA

https://bitcointalk.org/index.php?topic=138528.0

"the transaction is queued up and we are yet to get an update from our developer"  ,

so 10 working days left, and my withrawal is still queued

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January 24, 2013, 01:23:24 PM
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There's an old saying, "It's easier to buy than to sell".
jcash23
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January 24, 2013, 02:37:19 PM
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The timing of such a statement seems odd; I would be suprised if they were out of $ at this point of growth.  I wouldn't be suprised if people were trying to slander key players in the market...
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January 24, 2013, 04:44:33 PM
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Are there any alternative to Mt.Gox? (is this an acronym?)

I mean, if we are going to spread the gospel that is BTC, shouldn't there be more than one exchange?
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January 24, 2013, 05:17:35 PM
 #20

MTGox is an acronym, but it's from back when it was a Magic The Gathering store / trading site. (They've since gone all-in on bitcoins.)

MTG = Magic The Gathering.

MTGox = Magic The Gathering Online exchange.
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