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Author Topic: MtGox withdrawal delays [Gathering]  (Read 877233 times)
newguy05
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Someone is sitting in the shade today...


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February 07, 2014, 03:49:44 PM
 #3541

how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW.  

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking&regulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.


I was making quite a few quids in October, without any problems. Not everyone is using USD.

It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally Smiley

No one has any official info apart from the few announcements Mark made here and there.

Your "OMG THEY R GOIN DOWN" theories are based on speculation just as much as my "everything's gonna be alright eventually, be patient" theory.

Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum.

why would i be crying when i have no bitcoins in mtgox? you are too retarded for me to waste time responding to that dribble, go play in traffic oxygen thief.

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February 07, 2014, 04:04:27 PM
 #3542

Sturle, can you explain the logistics of such a trade? I would also be interested in buying up discounted mtgox CDSes (that's essentially what they are), if I could be confident that the trade could be accomplished securely. I don't think you can make Mtgox codes anymore? How are you going to transfer the Mtgox balance?
You can transfer BTC between MtGox accounts.  The sender can withdraw to the deposit address of the receiving account.  The transaction will be handled internally, and the transfer will not enter the blockchain.  (Unless you check "Open Transaction".  Don't do that.)

Okay, my goxBTC is for sale then!

Same here, 130.18 gox-btc on offer,  anyone?

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
pedro82
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February 07, 2014, 04:21:39 PM
 #3543

Ok i have another question for someone who can answer :

How can Mt.gox be the third Highest in volume exchange BTC/USD at now days, acording   to   

http://bitcoincharts.com/markets/

How do you explain this Huh

 
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February 07, 2014, 04:27:20 PM
 #3544

because literally EVERYTHING related to bitcoin is a scam.

I cashed out of bitcoin and I am literally done, I will not buy back in at any price.

Physical metals are the best alternative currency, not cryptogarbage.

whave
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February 07, 2014, 04:27:53 PM
 #3545

how am i captain obvious when the warning was from last oct? and you COULD withdraw bitcoins out just not fiat, my point over and over, was to convert to bitcoin and get the hell out of mtgox before it is too late(like now) there is no reason to leave in mtgox given the risk. Reading comprehension of kids nowadays....

What can you do now?  go into hope and pray mode that they open bitcoin withdraws again, however i am not sure how that will work, because as soon as they do, you can bet there will be MASSIVE outflow of bitcoins. Mtgox knows there will be mass panic and liquidity outflow when they announced the halt, the situation must be an absolute disaster for them to not even care and just want to stop the bitcoin withdraw NOW.  

What can you do if confirmed after a few months you not getting anything out?  sell in mtgox and convert to fiat, read up on the boj's banking&regulations and file suit, you will have a much better chance if it is fiat they are holding instead of bitcoins.  Of course this only makes sense if the $ amount is above 6 figures.


I was making quite a few quids in October, without any problems. Not everyone is using USD.

It will be so funny when transactions are fixed, fiat backlogs are erased and queues are back to normal (well tbh I'm not sure they're gonna fix USD wiretransfers ever, but I don't care about that), and all these people screaming SCAM hysterically will just STFU finally Smiley

No one has any official info apart from the few announcements Mark made here and there.

Your "OMG THEY R GOIN DOWN" theories are based on speculation just as much as my "everything's gonna be alright eventually, be patient" theory.

Either way, crying about it won't do a thing. People should realise everything has a risk if you're trying to make money - especially some new thing like Bitcoin and it's different exchanges. Too bad everyone just thought they're gonna be rich and it's going to be super-EZ, now there is an obstacle and everyone is going into a tantrum.

why would i be crying when i have no bitcoins in mtgox? you are too retarded for me to waste time responding to that dribble, go play in traffic oxygen thief.

then you're just making hysteria for NO REASON WHATSOEVER. And yet, you TOOK the time to respond. Must be a smart one Smiley
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February 07, 2014, 04:29:58 PM
 #3546

dumbest shit ive ever read after all that has transpired lolz  Too bad you can't fix broke or stupid, eh?

Coming from one of the most hysterical crybabies around. Shall I call the whaaaaaaaaambulance for you, or are you gonna be alright?
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February 07, 2014, 04:40:39 PM
 #3547

how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?
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February 07, 2014, 04:55:25 PM
 #3548

how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?
MtGox crashed, but the rest of the world really doesn't care.

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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February 07, 2014, 04:59:29 PM
 #3549

how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?

They've stopped Bitcoin withdrawals.
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February 07, 2014, 05:07:57 PM
 #3550

because literally EVERYTHING related to bitcoin is a scam.

I cashed out of bitcoin and I am literally done, I will not buy back in at any price.

Physical metals are the best alternative currency, not cryptogarbage.


Great. Please be careful and don't let the door hit you on the way out.

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February 07, 2014, 05:19:13 PM
 #3551

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a new level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a calculation of available bitcoin in wallet.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet if we have BTC in wallet.
you must have in mind,we have lot expense. do you now how much cost baying  private island somewhere in the Pacific and building private airport and marina for superyacht of our team.Baying house,condo,car,yacht for first wife,second wife children first wife,second wife for us and our team,divorce is very expensive in Japan.
We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 


Sincerely,

The MtGox Team
hilariousandco
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February 07, 2014, 05:21:00 PM
 #3552


Your "OMG THEY R GOIN DOWN" theories are based on speculation just as much as my "everything's gonna be alright eventually, be patient" theory.

It seems pretty logical that they're going to go down sooner or later as they cannot sustain their current business practises.

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February 07, 2014, 05:21:44 PM
 #3553

i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.

Yes but three weeks have passed since 12 and 14 January. 
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February 07, 2014, 05:23:28 PM
 #3554

how was gox marked up over 25 percent 2 weeks ago when i tried to withdraw and now at bitstamp and coinbase rates?

They've stopped Bitcoin withdrawals.

https://www.mtgox.com/press_release_20140207.html

Quote
Statement Regarding BTC Withdrawal Delays
Tokyo - JAPAN - February 07, 2014
Dear MtGox Customers,
In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.
In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.
We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 


Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).


We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 

Sincerely,
The MtGox Team
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February 07, 2014, 05:26:17 PM
 #3555

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a new level. To understand the issue thoroughly, the system needs to be in a static state. It is a shame that the few users who have had their transactions stuck have caused this epidemic panic.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a calculation of available bitcoin in wallet.

As you can see we have returned all bitcoins from the stuck transactions. You can access your mt gox wallet page and see that they are indeed intact.

Mt Gox Team
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February 07, 2014, 05:34:36 PM
 #3556

i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.
Yes but three weeks have passed since 12 and 14 January. 
Note my emphasis.

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.
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February 07, 2014, 05:50:37 PM
 #3557

i had two stuck on "confirmed" from 12 and 14 January, Citibank, then i canceled them and the support told me that Citibank is not accepting transfers from BTC exchanges anymore.
Then i tried to withdraw my JPY using JapaNet Bank Account. But withdrawal now is stuck in confirmed from 28 January. That's all
JPY domestic transfers are about 3 weeks delayed currently due to a 100M yen daily limit when moving money from Mizuho bank to JapaNet.
Yes but three weeks have passed since 12 and 14 January. 
Note my emphasis.
Presumably he means he cancelled them this week.
Note the italics then.  How can reading be this hard?

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.
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February 07, 2014, 06:22:33 PM
 #3558


I am willing to sell you the following at 90% of the face value:

476.22140850 BTC in Mt.Gox user interface
58.59 BTC in delayed transfers.


WOW, you must have huge balls to keep such an amount on Scox.

Generally speaking, I think we should fasten our seat belts and get ready for the worst scam in Bitcoin history. Let's face the facts. Most likely, the story about a technical issue is plain bullcrap. And by now, also the most naive Bitcoiner must have realized that Mt.Gox is not to be trusted as a trading platform leaving those crooks with only two options.

A: Take hundreds of millions in customer funds and disappear enjoying la dolce vita on some private island somewhere in the Pacific.
B: Announce that everything is back to normal and watch 99% of all customers instantly withdraw their coins.

As far as I am concerned, it's kinda obvious what it's going to be.

Not only do they face a simple decision, but it also seems like they got ready for this very moment quite a while ago. According to the article "The rise and fall of the world's largest bitcoin exchange" published on wired.co.uk (7th of November 2013), Mt.Gox not even has a physical office anymore. And of course Karpeles and his gang weren't seen in a very long time as well. Plus, they might start feeling some heat after Shrem and Faiella's arrest. 

Well, let's hope for the best while preparing for the worst.

Good luck.

With his pudgy face all over Internet, Mark is gonna need a serious plastic intervention before he could entertain such an idea. Also, Pacific doesn't have a whole lot of private islands anymore. And the Caribbean is vast, but not totally uninhabited.


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February 07, 2014, 06:33:59 PM
 #3559

I’m glad that gox had overcome the new year holiday, but situation is clearly critic.

After .gox price raise,  their market seems more a manipulation fiction than anything real !!! I guess this was the main issue there ! Can’t see other responsible than themselves . What happened there for several months was not the natural behaviour of market !

Eventually they are just correcting an unsustainable situation, or eventually they already screwed up ! Soon we will know the true story !
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February 07, 2014, 06:43:18 PM
 #3560

Ok i have another question for someone who can answer :

How can Mt.gox be the third Highest in volume exchange BTC/USD at now days, acording   to   

http://bitcoincharts.com/markets/

How do you explain this Huh

 

Simple: bitcoincharts is owned by MtGox.

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