MtGox withdrawal delays [Gathering]

[silentvalley]

Any body suspects that something badly wrong with MTGOX?

I am not quite sure.

Hope it won't happen because I have nearly 40K usd on MTGOX.
God damn MTGOX!

Anyone reports withdraw in JPY from MTGOX in several days?
Or shall we try to open an account in Japanese Banks?
Is that doable?

[1714222152]

1714222152

[joesmoe2012]

See the thread i just started.

[Nagle]

and the price difference between MtGox and Bitstamp is slowly decreasing.  Below 10% for the first time in days now.

False.  $110.34 vs $98.87 3:09 PT = 11.6% spread

Must have been taken just after some large trade.  Here are my samples from the time around my post (timestamps in CET):
20:12 <gribble> mtgox premium over bitstamp is currently 9.43015538326 %.
20:53 <gribble> mtgox premium over bitstamp is currently 9.80714742711 %.
22:18 <gribble> mtgox premium over bitstamp is currently 9.15855226897 %.

Currently:
07:18 <gribble> mtgox premium over bitstamp is currently 9.95425434584 %.

Far below the 12% to 14% from a couple of days ago.

That is a lie.  Those numbers are completely fabricated, or chosen as the lowest values in a minute by minute range.  Mt.Gox/Bitstamp variance hasn't been lower than 10% since 8/9. 



These values were taken from Bitcoincharts.com.  Would you like to provide your source? I'd love to see it.

If you have a paid Bitcoin Analytics subscription, you can generate a chart.  If not, you can look at their arbitrage spreads, delayed six hours.

Current values:
Mt. Gox 112.3
Bitstamp 99.16
Spread 13.2%

[Grinder]

That is a lie.  Those numbers are completely fabricated, or chosen as the lowest values in a minute by minute range.  Mt.Gox/Bitstamp variance hasn't been lower than 10% since 8/9. 

Calling someone a liar without checking the specifics only makes you look stupid. There have been periods lasting a few hours in the last couple of days where the difference has been just under 10%, which is easy to see using http://bitcoinity.org. It seems to have ended with the sudden price jump on MtGox, though.

[zeroblock]

That is a lie.  Those numbers are completely fabricated, or chosen as the lowest values in a minute by minute range.  Mt.Gox/Bitstamp variance hasn't been lower than 10% since 8/9. 

Calling someone a liar without checking the specifics only makes you look stupid. There have been periods lasting a few hours in the last couple of days where the difference has been just under 10%, which is easy to see using http://bitcoinity.org. It seems to have ended with the sudden price jump on MtGox, though.

No, I know where I am getting my pricing data from, and it is accurate.  Since 8/9 there hasn't been a single day where the sustained variance is lower than 10%.  Now, as I mentioned before there could be smaller time periods where the variance goes to 9%, but if you want to start doing that, we almost must look at the spikes the other way when variance hits 14-16%.  I am using the most accurate and relevant data possible, using smaller time frames is inconsistent.

[sturle]

Must have been taken just after some large trade.  Here are my samples from the time around my post (timestamps in CET):
20:12 <gribble> mtgox premium over bitstamp is currently 9.43015538326 %.
20:53 <gribble> mtgox premium over bitstamp is currently 9.80714742711 %.
22:18 <gribble> mtgox premium over bitstamp is currently 9.15855226897 %.

Currently:
07:18 <gribble> mtgox premium over bitstamp is currently 9.95425434584 %.

Far below the 12% to 14% from a couple of days ago.

That is a lie.  Those numbers are completely fabricated, or chosen as the lowest values in a minute by minute range.  Mt.Gox/Bitstamp variance hasn't been lower than 10% since 8/9. 

These values were taken from Bitcoincharts.com.  Would you like to provide your source? I'd love to see it.

I thought my source was well known, and I already provided it.  gribble is a bot in #bitcoin-otc and other Bitcoin related channels on freenode.  It fetches the tickers from both exchanges and calculates the difference.  It works with several exchanges.  E.g:

09:35 <sturles> ;;premium bitstamp btce
09:35 <gribble> bitstamp premium over btce is currently 2.01656900384 %.

The samples were taken at random times.  The samples in your graph seems to be very far apart, and is certainly not accurate enough to prove anyone a liar.

[solex]

Here's a theory. Gribble may be taking the difference as a percentage of the MtGox price, whereas it is most logical to use the lower Bitstamp price.

e.g. last trade on bitcoinwisdom at the time of this post
MtGox 112.05
Bistamp 98.60
Difference = 13.45

So, 13.45 / 98.6 = 13.6% and 13.45 / 112.05 = 12%

[faiza1990]

The jp transfers might make it in 2 or 3 days until perhaps some day they don't. Who knows for sure anything what is actually going on?

[MarKusRomanus]

This is the Week. I'm transferring everything I've got with MTgox  to Bitstamp by the end of the week.  I've stopped trading at MTgox last week.

[S3052]

The jp transfers might make it in 2 or 3 days until perhaps some day they don't. Who knows for sure anything what is actually going on?

in any case, having a bank account in Japan could be worth arbitragemillions

[OhShei8e]

The jp transfers might make it in 2 or 3 days until perhaps some day they don't. Who knows for sure anything what is actually going on?

in any case, having a bank account in Japan could be worth arbitragemillions

In think with an account in Germany is possible too. Albeit much more modest. 

See:
https://bitcointalk.org/index.php?topic=276993.0

[EuroTrash]

The jp transfers might make it in 2 or 3 days until perhaps some day they don't. Who knows for sure anything what is actually going on?

in any case, having a bank account in Japan could be worth arbitragemillions

Arbitragemillions which could come handy to Gox e.g. in order to counterbalance Dwolla seizure and pay for legal expenses?

Can't help thinking there is a possibility that we all are being played big time.
Might be harsh but after all we are moving in libertarian fuckall territory.

[OhShei8e]

Arbitragemillions which could come handy to Gox e.g. in order to counterbalance Dwolla seizure and pay for legal expenses?

All members of Mt. Gox are prohibited by Japanese law to trade on their own market. That would be insider trading and thus a criminal offense. Gox has always stressed, that they don't do it.

There are simply too many conspiracy theories. Even if Gox suddenly pay off everyone it would interpreted negatively. I'm sure at 100%.

[qxzn]

Does anybody know how much was seized by the feds in the Dwolla / Mutum Sigillum incident?

[zeroblock]

Must have been taken just after some large trade.  Here are my samples from the time around my post (timestamps in CET):
20:12 <gribble> mtgox premium over bitstamp is currently 9.43015538326 %.
20:53 <gribble> mtgox premium over bitstamp is currently 9.80714742711 %.
22:18 <gribble> mtgox premium over bitstamp is currently 9.15855226897 %.

Currently:
07:18 <gribble> mtgox premium over bitstamp is currently 9.95425434584 %.

Far below the 12% to 14% from a couple of days ago.

That is a lie.  Those numbers are completely fabricated, or chosen as the lowest values in a minute by minute range.  Mt.Gox/Bitstamp variance hasn't been lower than 10% since 8/9. 

These values were taken from Bitcoincharts.com.  Would you like to provide your source? I'd love to see it.

I thought my source was well known, and I already provided it.  gribble is a bot in #bitcoin-otc and other Bitcoin related channels on freenode.  It fetches the tickers from both exchanges and calculates the difference.  It works with several exchanges.  E.g:

09:35 <sturles> ;;premium bitstamp btce
09:35 <gribble> bitstamp premium over btce is currently 2.01656900384 %.

The samples were taken at random times.  The samples in your graph seems to be very far apart, and is certainly not accurate enough to prove anyone a liar.

The most accurate way to plot the variance would be to take daily weighted price.  Choosing the smoothed data is much better than plotting variations on the minute by minute or hour by hour. 


http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zv

[Nagle]

The spread just took a big jump.

▲ mtgoxUSD    118.9900    
▲ bitstampUSD 99.9900

Spread: 19%

What happened?

[solex]

The spread just took a big jump.

▲ mtgoxUSD    118.9900    
▲ bitstampUSD 99.9900

Spread: 19%

What happened?

As each day passes, and MtGox is no nearer getting back to normal withdrawal times, the market is slowly ratcheting up the probability of their sudden closure. Any fiat and coins will then be trapped. MtGox has prior form when it comes to not releasing other people's property:
https://bitcointalk.org/index.php?topic=260225.0

[cedivad]

It's starting to be exciting.

[Grinder]

The most accurate way to plot the variance would be to take daily weighted price.  Choosing the smoothed data is much better than plotting variations on the minute by minute or hour by hour. 

No, it's just different. If you want to do arbitrage trading then tracking second to second variation will give you the best result.

[zeroblock]

WHOA! The bank run is starting!