Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[epetroel]

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

If you are verified you can submit a support request an increase to your daily limit up to $10,000 per day (no notarized crap required).  You are still subject to a $50,000 monthly limit though.

The notarized/apostilled docs are required to move the $50,000 monthly limit up to $500,000.  

[bito]

Not quite - you just have to email them to increase it :

I think you are talking about “Trusted” Status (Level 2).

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Says "All document required for "trusted” accounts must be notarized with apostille and sent by priority mail to the address at the bottom of this page."

[epetroel]

US$50k+ means a 32 day wait for all your money if you are verified

Considering the limits on Dwolla were $5k I don't think this is going to be an issue for most Dwolla users.

You can only deposit $5k at once with Dwolla, but you can withdraw more (done it many times).  Also, the $5k limit is just per transaction.  After you send 5k, you can just submit another deposit for more if you want.

[oda.krell]

The sustained rally, having broken through the resistance at $116, is now facing resistance at $120 and beyond that $125.

I've said it in another thread, I'll say it again: I really appreciate your posts. Initially I suspected you're posting with a bit of a bearish agenda, but I was wrong: you let evidence guide your analysis, not wishful thinking.

btw, I'm not saying you're not bearish anymore, I suspect you still are, mid-term at least, but I respect your opinion a whole lot more than that of others because you genuinely seem to be interested in predicting shit, not in publishing post-hoc reasons for your trading decisions like most of us shlubs are :P

[Jaroslaw]

Sorry guys i need to dump some coins right now.

[samson]

Not quite - you just have to email them to increase it :

I think you are talking about “Trusted” Status (Level 2).

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Says "All document required for "trusted” accounts must be notarized with apostille and sent by priority mail to the address at the bottom of this page."

No - here's the exact text from the website  - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :

2. "Verified" Status (Level 1)

Please be advised that if you wish to use SEPA and Wire transfer to transfer your funds, you will have to become a verified member.  

Being “verified” has the following limits:

 

Traditional Currencies

Daily withdrawal limit (24hrs): 10,000 USD (or equivalent)

Monthly withdrawal limit: 50,000 USD (or equivalent)

Bitcoin

Daily Bitcoin withdrawal limit (24hrs): 1,000 BTC

Monthly Bitcoin withdrawal limit: none

Requirements:

A  valid copy of a government issued photo ID and proof of residence (less than 3 months old) - E.g. A utility or phone bill.If your documents are not in Japanese, English, or do not have Latin script, they need to be translated and then notarized before uploading.


The "verified" status is designed for active traders and/or small companies.

After you have been verified, if you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please contact support@mtgox.com with the below.


Wallet (BTC/USD/ETC):
New Daily Limit:

Wallet (USD/EUR/ETC):
New Monthly Limit:

[Coinseeker]

[bito]

No - here's the exact text from the website  - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :

Awesome, I'm glad you pointed that out to me, I wont bother with that then!

Although I think it's interesting that the 10 fold increase matches level 2 status.

[samson]

No - here's the exact text from the website  - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :

Awesome, I'm glad you pointed that out to me, I wont bother with that then!

Although I think it's interesting that the 10 fold increase matches level 2 status.

This same thing comes up every day in the MtGox support channel on IRC - they should really make it clearer as a lot of people get verified and then don't appear to realise they can just increase the limits by sending an email in.

[Miz4r]

Well guys I think it's time to take a little break, breaking down these walls is really hard work and all you know. Let's resume our job in 2 hours or so.

[ChartBuddy]

[bito]

This same thing comes up every day in the MtGox support channel on IRC - they should really make it clearer as a lot of people get verified and then don't appear to realise they can just increase the limits by sending an email in.

Well sorry for all the noise then.

However you must agree that since everything is not clear about Gox and verification and moving money around, it isn't surprising that SWIFT is not thought of as a option for the uninitiated. I'm comfortable with it now, after doing some smaller test transactions to determine what the interbank charges were, which fortunately are none for me. Becoming verified did take some time too, since their site said I didn't need to send my government issued ID, but it really was required.

[DougTanner]

A full recovery from that Dwolla nonsense. Glad I just held.

[Rampion]

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

If you are verified you can submit a support request an increase to your daily limit up to $10,000 per day (no notarized crap required).  You are still subject to a $50,000 monthly limit though.

The notarized/apostilled docs are required to move the $50,000 monthly limit up to $500,000.  

This is exactly how it is. Big money already has their "notarized crap" done and uses wire transfers. Dwolla is for small fishes.

Without notarizing anything you can still get $10k per day and $50k per month

[Ivanhoe]

1.1M to 115 and 750k to 120, nice! Seems just a matter of time.

[ManBearPig]

Despite or perhaps in spite of, what others say I find it increasingly difficult to dislike you.

[Miz4r]

Despite or perhaps in spite of, what others say I find it increasingly difficult to dislike you.

It seems he stopped taking himself seriously, that may explain why you feel this way.

[thezerg]

Despite or perhaps in spite of, what others say I find it increasingly difficult to dislike you.

  I resisted the ignore button till now but this post pushed me over.  Wasting my time to go to bitcoincharts looking for even tiny evidence of something...

[ChartBuddy]

[bito]

I resisted the ignore button till now but this post pushed me over.  Wasting my time to go to bitcoincharts looking for even tiny evidence of something...

Resistance is futile. Welcome to the collective.