Bitcoin Forum
January 19, 2018, 07:47:49 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Mt.Gox out of money  (Read 1705 times)
Ago_Solvo
Newbie
*
Offline Offline

Activity: 6


View Profile
January 22, 2013, 07:30:58 AM
 #1

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.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ML
Newbie
*
Offline Offline

Activity: 12


View Profile
January 22, 2013, 08:33:56 AM
 #2

I doubt this, GoX will stay around, there's too much at stake to take down the fiat system!
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1190


Will read PM's. Have more time lately


View Profile
January 22, 2013, 09:15:39 AM
 #3

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.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

constitution
Newbie
*
Offline Offline

Activity: 28



View Profile
January 22, 2013, 06:03:14 PM
 #4

I doubt mt.gox is out of money, after all they are the largest (by far) exchange in the Bitcoin world.

Droid!
RodeoX
Legendary
*
Offline Offline

Activity: 2506


The revolution will be monetized!


View Profile
January 22, 2013, 06:07:07 PM
 #5

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.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
swappermall
Jr. Member
*
Offline Offline

Activity: 34


View Profile
January 22, 2013, 08:01:28 PM
 #6

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?
RodeoX
Legendary
*
Offline Offline

Activity: 2506


The revolution will be monetized!


View Profile
January 22, 2013, 08:08:58 PM
 #7

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? 

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
swappermall
Jr. Member
*
Offline Offline

Activity: 34


View Profile
January 22, 2013, 09:22:16 PM
 #8

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.
casascius
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1386


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
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.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
mygodpp
Newbie
*
Offline Offline

Activity: 21



View Profile
January 23, 2013, 06:57:21 AM
 #10

In 2012 ,they has $2M profit.

1ME54L7k7o31Ng79es5WmzYkSWgh4Y23kC
goshlosh
Newbie
*
Offline Offline

Activity: 7


View Profile
January 23, 2013, 09:17:20 AM
 #11

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.
zvs
Legendary
*
Offline Offline

Activity: 1526


House Nogleg


View Profile WWW
January 23, 2013, 09:38:18 AM
 #12

mtgox may be out of money, but i have nearly fitty dollars in paypal right now

Dacentec Dedicated Servers (Lenoir, NC, USA) from $25/mo & Time4VPS Storage VPS' (Vilnius, Lithuania) from €18/qtr & Hetzner's serverbidding, from ~€20/mo -- had bitcoin nodes & p2pool (dacentec, hetzner) for several years on these.  Only two are affiliate links too, kek! -------  Feel free to join my G2A Goldmine Pyramid Scheme Team, or possibly even buy a Steam game from there.  Maybe.
tarrant_01
Hero Member
*****
Offline Offline

Activity: 545



View Profile
January 23, 2013, 09:54:23 AM
 #13

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.

1P95gCUCw3Tjb7yyoYtW3ARZZQyTpFgk6H
Timo Y
Legendary
*
Offline Offline

Activity: 938


bitcoin - the aerogel of money


View Profile
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.

GPG ID: FA868D77   bitcoin-otc:forever-d
unequal
Newbie
*
Offline Offline

Activity: 13


View Profile
January 23, 2013, 07:58:19 PM
 #15

i was about to upload alot of money to mtgox...should I wait?
sbrzol
Hero Member
*****
Offline Offline

Activity: 569


View Profile
January 24, 2013, 11:14:50 AM
 #16

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

abbyd
Full Member
***
Offline Offline

Activity: 154


View Profile
January 24, 2013, 01:23:24 PM
 #17

There's an old saying, "It's easier to buy than to sell".
jcash23
Newbie
*
Offline Offline

Activity: 7


View Profile
January 24, 2013, 02:37:19 PM
 #18

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...
McGoering
Newbie
*
Offline Offline

Activity: 12


View Profile
January 24, 2013, 04:44:33 PM
 #19

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?
sounds
Full Member
***
Offline Offline

Activity: 140

1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ


View Profile
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.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!