Bitcoin Forum
August 20, 2018, 03:33:36 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 [97] 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 ... 347 »
  Print  
Author Topic: MtGox withdrawal delays [Gathering]  (Read 857233 times)
TimJBenham
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
October 16, 2013, 05:58:42 AM
 #1921

Why we should pay 5% to someone to get our money back?
Their bank demand this unreasonable (I can agree to that) fee to transfer the money,

You make a lot of excuses for MtGox without any evidence. Do you work for them?

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534736016
Hero Member
*
Offline Offline

Posts: 1534736016

View Profile Personal Message (Offline)

Ignore
1534736016
Reply with quote  #2

1534736016
Report to moderator
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
October 16, 2013, 06:33:51 AM
 #1922

Why we should pay 5% to someone to get our money back?
Their bank demand this unreasonable (I can agree to that) fee to transfer the money,
You make a lot of excuses for MtGox without any evidence. Do you work for them?
Excuse?  This is just a fact, no excuse.  There is simply no reason for MtGox to lie about this, and I've heard people complaining about even higher bank fees for international wires.  I sell small amounts for PPUSD on #bitcoin-otc, and people buy seriously overpriced coins (mtgask + 10% + pp fees) to avoid even higher bank fees.

Why do you ask questions I already answered after the post you quoted, and multiple times before?

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
Lohoris
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


Bitgoblin


View Profile
October 16, 2013, 12:06:01 PM
 #1923

Why don't you go for it and stop calling others 'sheep'?
Because I don't have any money in Mt. Gox.

Lame excuse.  It's still relatively easy to get money into Mt. Gox as I understand things.  It was a matter of sending in some BTC for me.  Took a matter of seconds.


What in the holy name of fuck?!?

Are you suggesting that he should send money to mt.gox in order to have an excuse to sue them, because the actual people who are hurt by mt.gox are lazy instead?

What's going on inside your head?

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
Lohoris
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


Bitgoblin


View Profile
October 16, 2013, 12:10:31 PM
 #1924

Suing a company for keeping to their own ToS which the user accepted?  Only in America..
Actually, in every civilised country you can't "write just anything" in a contract.
Illegal is illegal is illegal, doesn't matter if it's written down in a piece of signed paper.
Or are you suggesting that you really believe that if you sign a contract which says you should murder someone, that contract is valid?

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
megustabtc
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
October 16, 2013, 01:01:21 PM
 #1925

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.
papamoi
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
October 16, 2013, 01:33:22 PM
 #1926

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.

those bastard owes us more than this and i m willing to show them how to deal with customers money

Savior
Full Member
***
Offline Offline

Activity: 176
Merit: 100


View Profile
October 16, 2013, 01:33:41 PM
 #1927

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.

Thank you for a rare on-topic post. about 10-12 days left for me maybe. (21/09)
Serpens66
Legendary
*
Offline Offline

Activity: 1918
Merit: 1010



View Profile
October 16, 2013, 01:44:51 PM
 #1928

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.
So it fits the FAQ information on gox about SEPA: https://support.mtgox.com/entries/21649594-Withdrawals-and-Deposits
Quote
Situation on October, the 16th : We are processing withdrawal requested September, the 10th. (Users with several withdrawal in the queue must take in account the 20 days rule)

Mit Cointracking behältst du die Übersicht über all deine Trades und Gewinne. Sogar ein Tool für die Steuer ist dabei Wink
Testen ist kostenlos und mit dem obigen Link bekommst du 10% Rabatt auf die kostenpflichtigen Pakete. Thread                                        Great Freeware Game: Clonk Rage
Für instant Handel auch am Wochenende bei bitcoin.de sollte man das Fidorkonto verwenden Smiley FAQ Ref-Link: Registrieren
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1652
Merit: 1002



View Profile
October 16, 2013, 02:30:58 PM
 #1929

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.

My similar SEPA came also through yesterday. They had charged 30 € in costs.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
October 16, 2013, 03:17:13 PM
 #1930

Suing a company for keeping to their own ToS which the user accepted?  Only in America..
Actually, in every civilised country you can't "write just anything" in a contract.
Illegal is illegal is illegal, doesn't matter if it's written down in a piece of signed paper.
Or are you suggesting that you really believe that if you sign a contract which says you should murder someone, that contract is valid?
True, but i doubt "user pays fees to third parties" is illegal.  To murder someone is illegal under most circumstances.  To pay a fee is not.  If paying fees is illegal, you may have a case against all Bitcoin exchanges and most banks as well.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
October 16, 2013, 03:24:32 PM
 #1931

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.
Thanks!  My own 8k SEPA withdrawal from September 11th changed to pending today.  I will have it in my account tomorrow.  On schedule.  The EUR volume between September 11. and October 4. has been lower than normal.  I expect MtGox to process up to two days of withdrawals per day for the next week or so, catching up two weeks of withdrawals in one week. 

Note: This is just a forecast.  I am not affiliated with MtGox, and have no other basis for my prediction than public trade information.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
Nekrobios
Donator
Legendary
*
Offline Offline

Activity: 1694
Merit: 1000


Bitcoin Maximalist


View Profile
October 16, 2013, 03:36:51 PM
 #1932

At this point, it's fair to say they are emptygox. Look at the historical order book chart: http://www.blockchained.com/depth_mtgox.png. Only in August 2012 have there (briefly) been fewer Bitcoins on MtGox because ask orders were wiped in a technical problem.

Furthermore, their market share, even including all currencies, is continuing its slow descent, sending emptygox more and more into irrelevancy. On many days already, mtgoxUSD is #2 or #3, and it is not long anymore until that is true for the 30d scale as well, for the first time.

Of course this could have all been stopped or delayed by simply being honest with their customers. The last update on the matter was on 5th of August, and it did not explain WHY they cannot seem to find a single bank that does not have ridiculous limits nor HOW and WHEN they are planning to move forward and ensure people will ever see their USD again without having to resort to a haircut.

Customers do not even know the realistic time for a SWIFT withdrawal, where the backlog reaches to mid June, over 4 months old. On the withdrawal page, it will merely tell you to expect "2 weeks" or more depending on amount. This has caused many losses as people are unable to plan.

Currently, the best option would probably be to either shut down mtgoxUSD trading entirely as it is not anymore a market (a market is where buyers and sellers meet) or alternatively to disable SWIFT withdrawals except for the only actually working option, that is the emergency/manual withdrawal.
Syke
Legendary
*
Offline Offline

Activity: 2702
Merit: 1015


View Profile
October 16, 2013, 05:35:21 PM
 #1933

Quote from: MtGox
[A]ny transaction fees levied by any bank intervening between the paying bank and the receiving bank (including the paying bank and the receiving bank) shall be deducted from the currencies transferred.
You don't have to.  You can withdraw by another method or wait for better times.  (Who wants USD anyway?  USD will be worthless in just two days.)

Which "other methods" allow a US customer to withdraw their USD from MtGox?

Buy & Hold
flound1129
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000


www.multipool.us


View Profile
October 16, 2013, 05:58:56 PM
 #1934

Quote from: MtGox
[A]ny transaction fees levied by any bank intervening between the paying bank and the receiving bank (including the paying bank and the receiving bank) shall be deducted from the currencies transferred.
You don't have to.  You can withdraw by another method or wait for better times.  (Who wants USD anyway?  USD will be worthless in just two days.)

Which "other methods" allow a US customer to withdraw their USD from MtGox?


Cancel withdraw, withdraw BTC, sell @ other exchange for a loss.

Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
ardana123
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500



View Profile
October 16, 2013, 06:05:25 PM
 #1935

Just a data point for you guys, I just received my 4k € SEPA from MtGox today, the withdrawal was requested on 09/10/2013 and changed to pending yesterday.
Thanks!  My own 8k SEPA withdrawal from September 11th changed to pending today.  I will have it in my account tomorrow.  On schedule.  The EUR volume between September 11. and October 4. has been lower than normal.  I expect MtGox to process up to two days of withdrawals per day for the next week or so, catching up two weeks of withdrawals in one week. 

Note: This is just a forecast.  I am not affiliated with MtGox, and have no other basis for my prediction than public trade information.

How about you show us a screenshot instead of just saying "i received my withdrawal".
tvbcof
Legendary
*
Offline Offline

Activity: 2590
Merit: 1005


View Profile
October 16, 2013, 06:05:57 PM
 #1936

At this point, it's fair to say they are emptygox. Look at the historical order book chart: http://www.blockchained.com/depth_mtgox.png. Only in August 2012 have there (briefly) been fewer Bitcoins on MtGox because ask orders were wiped in a technical problem.

Furthermore, their market share, even including all currencies, is continuing its slow descent, sending emptygox more and more into irrelevancy. On many days already, mtgoxUSD is #2 or #3, and it is not long anymore until that is true for the 30d scale as well, for the first time.

Ya, kinda like Mt. Mazama --> Crater Lake in my state of Oregon.

Of course this could have all been stopped or delayed by simply being honest with their customers. The last update on the matter was on 5th of August, and it did not explain WHY they cannot seem to find a single bank that does not have ridiculous limits nor HOW and WHEN they are planning to move forward and ensure people will ever see their USD again without having to resort to a haircut.

Customers do not even know the realistic time for a SWIFT withdrawal, where the backlog reaches to mid June, over 4 months old. On the withdrawal page, it will merely tell you to expect "2 weeks" or more depending on amount. This has caused many losses as people are unable to plan.


So true.  I was, and still am, favorable to Mt. Gox, but I drew down my account to near zero because they cannot or will not provide basic information I need to make rational decisions.  If they could have found a way to be forthright about their problems there is every possibility that I would use them as my primary means of conducting business in Bitcoinland, and that I would be pretty accepting of delays and hassles.

I continue to believe that most of Mt. Gox's problems are something they regret deeply but have no power to control.  Even so, if they cannot provide information I need then they are useless to me.

It is completely possible that they provide good service to a sub-set of their more desirable customers, and if that is the case I could see a business rational both for them doing so and for such customers to continue to patronize them.  But I am probably going to be bringing a fair amount of BTC to the market over the coming years.  If BTC liquidity is something that an exchange needs (and looking at their public information through the various charting services it seems to be likely) then scaring away customers in my category seems short sighted.

Currently, the best option would probably be to either shut down mtgoxUSD trading entirely as it is not anymore a market (a market is where buyers and sellers meet) or alternatively to disable SWIFT withdrawals except for the only actually working option, that is the emergency/manual withdrawal.

I would not count Mt. Gox out just yet.  Yes, they have lost their 10x advantage in terms of BTC liquidity (and if they retain it by burning their own sizable stash that is unsustainable) but they have a long and relatively good track record.  At least by Bitcoin-land standards.  If all competition who reaches a certain size runs into the same problems, Mt. Gox could limp along competitively.

Mt. Gox's biggest danger seems to me to be that one of their competition gets favorable treatment by the regulators and banks as a means of guiding the Bitcoin userbase to a watering hole with is, for some reason, desired by the corp/gov power structures.


sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
October 16, 2013, 06:06:51 PM
 #1937

Quote from: MtGox
[A]ny transaction fees levied by any bank intervening between the paying bank and the receiving bank (including the paying bank and the receiving bank) shall be deducted from the currencies transferred.
You don't have to.  You can withdraw by another method or wait for better times.  (Who wants USD anyway?  USD will be worthless in just two days.)
Which "other methods" allow a US customer to withdraw their USD from MtGox?
It is difficult for US customers.  The problems were created by the US government in the first place (no more redeemable codes for fiat, no more LR, no more Dwolla, etc), so please complain to your government/congressman/president/neighbour.  MtGox have very limited options to transfer USD, and have to be very careful not to abuse their options because abuse may interfere with their application to become a payment service.  It is possible to make a express manual withdrawal for a 5% bank fee (very limited, available at MtGox's discression), or just wait it out.  Trade while you wait, and you may make more USD to withdraw when it is back to normal.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
prophetx
Legendary
*
Offline Offline

Activity: 1400
Merit: 1000


he who has the gold makes the rules


View Profile WWW
October 16, 2013, 06:11:21 PM
 #1938

woah 100 pages, i am so glad i moved my accounts out months ago... what a time sink

WINGS Beta is live - list your ICO for only 5000 WINGS at https://wings.ai - over $650 Million raised by ICOs with WINGS
tvbcof
Legendary
*
Offline Offline

Activity: 2590
Merit: 1005


View Profile
October 16, 2013, 06:24:05 PM
 #1939

It is difficult for US customers.  The problems were created by the US government in the first place (no more redeemable codes for fiat, no more LR, no more Dwolla, etc), so please complain to your government/congressman/president/neighbour.  MtGox have very limited options to transfer USD, and have to be very careful not to abuse their options because abuse may interfere with their application to become a payment service.  It is possible to make a express manual withdrawal for a 5% bank fee (very limited, available at MtGox's discression), or just wait it out.  Trade while you wait, and you may make more USD to withdraw when it is back to normal.

I made a withdraw request with every intention of doing just this since when I made it two months ago it was already clear that there were problems in this area and there was every possibility that Mt. Gox would fail to get me my money.

Unfortunately trying to address the underlying fundamental problem (corp/gov interference) requires at least a tiny bit of cooperation from Mt. Gox.  When I made an effort to obtain any usable information from them I got back standard boilerplate and nothing which was either usable or even honest.  I got back the standard 'several weeks' bullshit which is both amusing and offensive.

This is actually a bit of a shame because I happen to have the good fortune to be represented by lawmakers who have taken a leading role in addressing the abusive practices of the banking system over the years, and who is especially responsive to the problems of his constituency in the case of my house representative.

 edit: spelling

sturle
Legendary
*
Offline Offline

Activity: 1444
Merit: 1001

https://bitmynt.no


View Profile WWW
October 16, 2013, 06:41:45 PM
 #1940

Unfortunately trying to address the underlying fundamental problem (corp/gov interference) requires at least a tiny bit of cooperation from Mt. Gox.  When I made an effort to obtain any usable information from them I got back standard boilerplate and nothing which was either usable or even honest.  I got back the standard 'several weeks' bullshit which is both amusing and offensive.

This is actually a bit of a shame because I happen to have the good fortune to be represented by lawmakers who have taken a leading role in addressing the abusive practices of the banking system over the years, and who is especially responsive to the problems of his constituency in the case of my house representative.
MtGox are very careful of what they say in public due to the ongoing case with the DHS and the process with FinCen.  It is a delicate situation.  I am sure relevant government representatives get all the information they request.  Care to tell what your question was?

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
Pages: « 1 ... 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 [97] 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 ... 347 »
  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!