MtGox withdrawal delays [Gathering]

[Savior]

Yep, if you are siting on usd hoping to withdraw, it makes a lot of sense to buy bitcoins and transfer to bitstamp or any other site with similar price. If you have euro and are in europe, I am not sure it's worth the risk, but might be.


This picture shows very good how the prices are now about the same.
https://i.imgur.com/UVQKZ5dl.png

[joesmoe2012]

Bitstamp and BTC-e have both proven to be more direct with customers and reliable than mtgox. Not to say that mtgox is dishonest, but they certainly are not direct.

BTC-e's EUR price has been above gox's all day.

[CYPER]

Yep, if you are siting on usd hoping to withdraw, it makes a lot of sense to buy bitcoins and transfer to bitstamp or any other site with similar price. If you have euro and are in europe, I am not sure it's worth the risk, but might be.


This picture shows very good how the prices are now about the same.
https://i.imgur.com/UVQKZ5dl.png

What website is this graphic from?

[BitCoinNutJob]

Bitstamp and BTC-e have both proven to be more direct with customers and reliable than mtgox. Not to say that mtgox is dishonest, but they certainly are not direct.

BTC-e's EUR price has been above gox's all day.

now is everyones chance to get out of gox without a loss with the prices so close

[ardana123]

I find it funny that anybody would still have money with gox seeing as one could easily have withdrawn btc and sold for a profit on other exchanges during the past few days.

Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.

If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.

If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.

So simple...

I find it funny you think that's easy, timing the market in order to "sell for a profit on other exchanges during the past few days". It takes an hour to transfer btc, there's a chance of Gox holding your btc transfer and during that time the market might as well drop leaving you with a loss. Oh well.

[Savior]

I find it funny that anybody would still have money with gox seeing as one could easily have withdrawn btc and sold for a profit on other exchanges during the past few days.

Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.

If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.

If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.

So simple...

I find it funny you think that's easy, timing the market in order to "sell for a profit on other exchanges during the past few days". It takes an hour to transfer btc, there's a chance of Gox holding your btc transfer and during that time the market might as well drop leaving you with a loss. Oh well.

So transfer the btc to bitstamp first? not that hard, unless you have zero bitcoins left elsewhere.

[SGExodus]

I find it funny that anybody would still have money with gox seeing as one could easily have withdrawn btc and sold for a profit on other exchanges during the past few days.

Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.

If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.

If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.

So simple...

Did quick check of the respective orderbook on bitcoinity

Mtgox: $31.37m and 21.17k bitcoins

Bitstamp: $15.44m and 14.09k bitcoins

btcchina: $86m CNY (~$14.1m) and 15.85k

Quite clear that still lots of people have money on gox

However, agreed totally that we should use a reliable exchange as close to home as possible, instead of trading  internationally..

[ardana123]

I find it funny that anybody would still have money with gox seeing as one could easily have withdrawn btc and sold for a profit on other exchanges during the past few days.

Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.

If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.

If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.

So simple...

I find it funny you think that's easy, timing the market in order to "sell for a profit on other exchanges during the past few days". It takes an hour to transfer btc, there's a chance of Gox holding your btc transfer and during that time the market might as well drop leaving you with a loss. Oh well.

So transfer the btc to bitstamp first? not that hard, unless you have zero bitcoins left elsewhere.

You're not reading my post. It's not that easy for people who are full fiat on Gox.

[Savior]

I find it funny that anybody would still have money with gox seeing as one could easily have withdrawn btc and sold for a profit on other exchanges during the past few days.

Cancel your withdraws, buy BTC, wait until the price is slightly higher elsewhere and then sell. Violla, no more wiating for withdraw at gox.

If your in the EU, check out BTC-e, their EUR price is nice and they usually have next day transfers.

If you're in the US, try out coinbase, their price is the same as bitstamp and they deposit right to your bank account.

So simple...

I find it funny you think that's easy, timing the market in order to "sell for a profit on other exchanges during the past few days". It takes an hour to transfer btc, there's a chance of Gox holding your btc transfer and during that time the market might as well drop leaving you with a loss. Oh well.

So transfer the btc to bitstamp first? not that hard, unless you have zero bitcoins left elsewhere.

You're not reading my post. It's not that easy for people who are full fiat on Gox.

And your not reading mine. If you have bitcoins elsewhere, which you should have. You can transfer to bitstamp and sell there while buying at the exact same time on mtgox. Any amount of btc, you can do this with. But faster with more. Zero extra risk, if you trust bitstamp.

[trdiablo]

Be advised that transferring BTC to BTC-e and selling there will only make things worse as BTCe also has withdrawal problems currently.
And they seem to be in much worse shape than Gox actually.

To get EUR fast best to use BitStamp or Bitcoin.de - Both are still able to transfer your money within a week to your bank account.

[sturle]

Be advised that transferring BTC to BTC-e and selling there will only make things worse as BTCe also has withdrawal problems currently.
And they seem to be in much worse shape than Gox actually.

To get EUR fast best to use BitStamp or Bitcoin.de - Both are still able to transfer your money within a week to your bank account.

Bitcurex is a good alternative as well, at least for EUR.  I have been making good arbitrage from MtGox to Bitcurex the last couple of days, selling at up to 10% over MtGox.

Edit: I will buy directly from people at a fair price with no added fees.  Can transfer USD and other currencies as well, at a fee (about 10 USD).  Maximum 5500 EUR per trade.  No ID or registration required, except what I require to send the bank transfer.

[quone17]

This is getting ridiculous.  BTCe and Gox having issues with withdrawals and no one really is picking up the slack in terms of being a reputable withdrawal source.  I guess your best bet now is just to buy BTC and keep them as BTC and never sell.  For those that want to trade and make more fiat there seems to be no hope.

[bakada]

..

[tvbcof]

This is getting ridiculous.  BTCe and Gox having issues with withdrawals and no one really is picking up the slack in terms of being a reputable withdrawal source.  I guess your best bet now is just to buy BTC and keep them as BTC and never sell.  For those that want to trade and make more fiat there seems to be no hope.

I think it depends.   Gox works great for local withdrawals.  The issue is if your based in the US or Europe etc.   Use an exchange in your region for best results I would say.   

Great news for the half-dozen Bitcoin users from Japan.  If it was not for expats I wonder if anyone in that country would even know about it?

[joesmoe2012]

Be advised that transferring BTC to BTC-e and selling there will only make things worse as BTCe also has withdrawal problems currently.
And they seem to be in much worse shape than Gox actually.

To get EUR fast best to use BitStamp or Bitcoin.de - Both are still able to transfer your money within a week to your bank account.

BTC-e's SEPA withdraws's in EUR are working just fine. They usually arrive the next business day, sometimes 2 or 3, but that's not really much of a delay...

It's BTC-e's USD stuff that is potentially having delays, though I haven't yet personally experienced this.

[Alpaca Bob]

BTCe and Gox having issues with withdrawals and no one really is picking up the slack in terms of being a reputable withdrawal source.

Bitstamp & Kraken

[dissipate]

I put in a request ticket to do an international wire transfer with the 5% fee on 2013-11-27, just received the wire this morning.

[sturle]

I think it depends.   Gox works great for local withdrawals.  The issue is if your based in the US or Europe etc.   Use an exchange in your region for best results I would say.   

Great news for the half-dozen Bitcoin users from Japan.  If it was not for expats I wonder if anyone in that country would even know about it?

The price in JPY at MtGox is currently higher than the price in USD at MtGox, so I would assume there are quite a few users in addition to the handful of arbitragers in this forum.  The arbitragers usually press the price in JPY down, but are no longer enough to keep the price constantly below the price in USD.

In other news: The number of Chinese users at MtGox and the number of users from the USSA is now about the same.  15% of the users live in the USSA, and 15% in China.  70% in other parts of the world.  MtGox is truly an international exchange.  The USD seems to have lost its status as price reference as well.  Large movements are often led by other currencies now.

[sturle]

Large movements are often led by other currencies now.

Well, duh, China's had 75% of the total BTC volume traded for a month now. China's got give exchanges with more volume than EmptyGox's total volume now.

Yes, I have commented it here long ago.  CNY is not always leading, however.  The last rally from below 700 USD was actually led by EUR!  At MtGox and other EUR exchanges.  This came as a complete surprise to my bot, which is usually very good at following the right lead, and it ended up with only a tiny profit from the dip.  This is very unusual.  First time I have seen EUR lead at this magnitude.

so a few idiots from china use emptygox and a few idiots from japan and usa use it, who cares.

I still use it, and don't think making money makes me an idiot.  No exchange can replace MtGox for my purposes.  API, decent multi-currency support with actual volume in many currencies, etc.  It is the only exchange where I realistically can move 200,000 EUR to JPY or GBP or whatever in a day with no loss.

I'll take both you and that clowncar exchange seriously the day I can withdraw SEPA and have the money in my account the day after - like I can at Bitstamp. I'll consider you can your clowncar exchange jokes until then.

I guess Bitstamp is useful if you are desperate for fiat and don't mind the haircut.  I can afford to wait a few weeks myself, and prefer to keep my fiat where it makes money.  If you only need a few hundred EUR to pay your bills, you can get it from MtGox just as fast as from Bitstamp.

[rpietila]

The last rally from below 700 USD was actually led by EUR!

No wonder it's called dead cat bounce