jemenake
Newbie
 Offline
Activity: 7
Merit: 0
|
 |
February 14, 2014, 03:34:10 AM |
|
I don't get this. Why is everybody selling their BTC ? Fiat withdrawal is almost not possible. Not only that, but I hate to see people (possibly) aiding Karpeles in his attempt to manipulate the market in order to make MtGox solvent. If you believe what some people are saying here, then the BTC withdrawal freeze is an attempt to drive the price down so that MtGox can afford to buy the BTC they're going to need when they unfreeze withdrawals and everybody runs for the exit and tries to transfer their BTC out. If that's true, then I'd prefer to see everybody cancel their sell orders to keep the price from dropping. I know they're thinking that they'd rather get *some* fiat for their BTC, but this means that Karpeles might be able to actually pull it off. Personally, I'd rather risk losing my BTC in order to make Karpeles conclude that this gambit isn't going to work and force him to finally come clean about how he screwed up. |
|
|
|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
zyk
|
|
February 14, 2014, 04:32:50 AM |
|
Mr. Sturle.......let me say I really feel for you when really not one of Mark´s cronies.....but thats what IRC blubber is
ment to do...instill hope...
but have you gotten your SEPA withdrawl yet ?
Thanks
|
|
|
|
|
sturle
Legendary
Offline
Activity: 1437
Merit: 1002
https://bitmynt.no
|
|
February 14, 2014, 06:28:30 AM |
|
but have you gotten your SEPA withdrawl yet ?
No, I don't expect it until the end of the week, the earliest. |
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.plWarning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills. |
|
|
BitPaulo
Member
Offline
Activity: 71
Merit: 10
|
|
February 14, 2014, 07:22:24 AM |
|
Where can we find out how many BTC and Fiat are left at MtGox? Is it possible?
I mean from users' account, not from MtGox accounting system.
|
|
|
|
|
lucaing
Member
Offline
Activity: 80
Merit: 10
|
|
February 14, 2014, 07:56:04 AM |
|
[Suspicious link removed]j.com/japanrealtime/2014/02/14/bitcoin-protester-confronts-mt-gox-executive/
|
|
|
|
|
Newar
Legendary
Offline
Activity: 1358
Merit: 1000
https://gliph.me/hUF
|
|
February 14, 2014, 08:39:52 AM |
|
Promising news on github: MagicalTux commented 4 hours ago
Just to update this thread, it seems that this discussion is mostly stale now. We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.
We will also provide an API that will allow our customers to use this hash to retrieve the transaction hash as seen in the blockchain once the transaction is confirmed, and will hope others (blockchain.info?) will index this value one day.
We also invite other exchanges and businesses which may need to keep track of bitcoins they send to use this same method, since dealing with multiple variations of the same thing wouldn't be very productive.
If nobody does it, we will also post some test vectors for regular (in=>out) transactions in the near future. |
|
|
|
Newar
Legendary
Offline
Activity: 1358
Merit: 1000
https://gliph.me/hUF
|
|
February 14, 2014, 08:48:52 AM |
|
[Suspicious link removed]j.com/japanrealtime/2014/02/14/bitcoin-protester-confronts-mt-gox-executive/
http://tinyurl.com/ka5p6ll |
|
|
|
itsunderstood
Sr. Member
Offline
Activity: 364
Merit: 250
American1973
|
|
February 14, 2014, 08:55:07 AM |
|
|
|
|
|
whave
Newbie
Offline
Activity: 42
Merit: 0
|
|
February 14, 2014, 09:15:20 AM |
|
Darknet marketplace silk road was hacked yesterday and 8000+ BTC were stolen (estimate) from the escrow wallets - some are saying regular wallet BTC is gone too, conflicting infos on the boards. Admins are blaming it on the malleable transaction IDs, while experts are saying that could not result in stolen coins.
Whenever these drug marketplaces rise/fall, it usually affects the BTC price. Just a thing to keep in mind.
|
|
|
|
|
Bitnicity
Newbie
Offline
Activity: 56
Merit: 0
|
|
February 14, 2014, 09:25:29 AM |
|
I don't understand why heck people still believe they have a better hand holding fiat in the event Gox is insolvent (legally? give me a break), it always is a cheaper solution for Gox to bail their ass out of this shit by paying BTC holder v.s fiat holder given the cheap coins they could purchase to return back to holders.
If Gox goes down, there is no way they will pay fiat holders v.s paying btc holders, if there are really insolvency holes there, the btc hole will be the one that is easy to fill up, so forget about selling your btc and hope you could somehow withdraw fiat as your "exit strategy"; you will be trapped there forever and once btc withdrawal resume, you will be paying huge premium to buy btc at Gox to exit, hence being Goxed twice.
|
|
|
|
|
hamma
Newbie
Offline
Activity: 6
Merit: 0
|
|
February 14, 2014, 09:39:15 AM |
|
Does anyone know why in the last hour or so while Gox price is getting slaughtered, massive bids pop up on Bitstamp and keep pushing the price up at the same time.
Is someone illegally trading at Bitstamp or GOx based on some inside information?
Edit: ...Or is there some new type of anti-arbitrage going on...?
|
|
|
|
|
Newar
Legendary
Offline
Activity: 1358
Merit: 1000
https://gliph.me/hUF
|
|
February 14, 2014, 09:40:56 AM |
|
Does anyone know why in the last hour or so while Gox price is getting slaughtered, massive bids pop up on Bitstamp and keep pushing the price up at the same time.
Is someone illegally trading at Bitstamp or GOx based on some inside knowledge?
Maybe because BTC withdrawals are back at bitstamp, but still not possible on Gox? |
|
|
|
Hen0xyd
Member
Offline
Activity: 87
Merit: 10
|
|
February 14, 2014, 09:41:54 AM |
|
Promising news on github: MagicalTux commented 4 hours ago
Just to update this thread, it seems that this discussion is mostly stale now. We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.
We will also provide an API that will allow our customers to use this hash to retrieve the transaction hash as seen in the blockchain once the transaction is confirmed, and will hope others (blockchain.info?) will index this value one day.
We also invite other exchanges and businesses which may need to keep track of bitcoins they send to use this same method, since dealing with multiple variations of the same thing wouldn't be very productive.
If nobody does it, we will also post some test vectors for regular (in=>out) transactions in the near future. Indeed Mark seems to be pretty active nowadays on GitHub/IRC, this is probably the "quick fix" MtGox was talking about in 10th Feb. announcement. It's a (probable) step forward and I guess they'll have to enable the btc withdrawal one day anyway, the sooner the better for their longrun even if Mtgox is currently buying all cheap coins to sell it premium while everyone will need them to run away from mtgox. If Gox goes down, there is no way they will pay fiat holders v.s paying btc holders, if there are really insolvency holes there, the btc hole will be the one that is easy to fill up, so forget about selling your btc and hope you could somehow withdraw fiat as your "exit strategy"; you will be trapped there forever and once btc withdrawal resume, you will be paying huge premium to buy btc at Gox to exit, hence being Goxed twice.
Totaly agree, I can't understand why everyone is selling btc half the price they paid them some weeks ago. |
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
February 14, 2014, 09:42:48 AM |
|
Mtgox pretty much imploded i'm in for more Btc watching the prices plummet  |
Believing in Bitcoins and it's ability to change the world
|
|
|
hamma
Newbie
Offline
Activity: 6
Merit: 0
|
|
February 14, 2014, 09:48:40 AM |
|
Does anyone know why in the last hour or so while Gox price is getting slaughtered, massive bids pop up on Bitstamp and keep pushing the price up at the same time.
Is someone illegally trading at Bitstamp or GOx based on some inside knowledge?
Maybe because BTC withdrawals are back at bitstamp, but still not possible on Gox? ...looks like they did know just before the announcement... the owners of those large Bitstamp bids are guilty of inside trading!!! |
|
|
|
|
roslinpl
Legendary
Offline
Activity: 2212
Merit: 1199
|
|
February 14, 2014, 09:56:00 AM |
|
I would not recommend MtGox So maybe just stop using it ;P |
|
|
|
|
dzzima
Newbie
Offline
Activity: 30
Merit: 0
|
|
February 14, 2014, 09:58:09 AM |
|
RIP, Gox.... Sturle, you owe me 1 BTC.
|
|
|
|
|
Newar
Legendary
Offline
Activity: 1358
Merit: 1000
https://gliph.me/hUF
|
|
February 14, 2014, 09:59:26 AM |
|
...looks like they did know just before the announcement... the owners of those large Bitstamp bids are guilty of inside trading!!!
Maybe they had their withdrawals pending and watched their receiving addresses. As soon as one tx came finally through they put in the orders. |
|
|
|
hamma
Newbie
Offline
Activity: 6
Merit: 0
|
|
February 14, 2014, 10:06:20 AM |
|
...looks like they did know just before the announcement... the owners of those large Bitstamp bids are guilty of inside trading!!!
Maybe they had their withdrawals pending and watched their receiving addresses. As soon as one tx came finally through they put in the orders. Nope...read the anouncement - they've got a fix and it will be tested and implemented soon. Definitely insider trading by some individuals at Bitstamp - it went on well before they posted the anouncement. |
|
|
|
|
Newar
Legendary
Offline
Activity: 1358
Merit: 1000
https://gliph.me/hUF
|
|
February 14, 2014, 10:09:49 AM |
|
...looks like they did know just before the announcement... the owners of those large Bitstamp bids are guilty of inside trading!!!
Maybe they had their withdrawals pending and watched their receiving addresses. As soon as one tx came finally through they put in the orders. Nope...read the anouncement - they've got a fix and it will be tested and implemented soon. Definitely insider trading at by some individuals at Bitstamp - it went on well before they posted the anouncement. I've read that. I also read the forum: https://bitcointalk.org/index.php?topic=459836.msg5137079#msg5137079 |
|
|
|
|
