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Author Topic: Why is the price going up? and how the fuck do I get my money out of Gox?  (Read 533 times)
massivebitman (OP)
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May 16, 2013, 04:16:22 AM
 #1

Maybe these are related..

Is Gox going to close?

Is it possible this whole thing could blow over (maybe with an associated dip in price)

I'm a little bit scared here, I've got a shit load of fiat in Gox atm that I panic sold when I read the news. Plus more fiat I wired some into Gox about 6hrs before the news broke... What bad timing.

How do I get my fiat out?
I should point out I'm in Australia. What's the quickest, easiest way?

All you people who say this shows people should buy BTC are crazy. BTC doesn't by squat in the real world. At the end of the day I want money I can spend!

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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May 16, 2013, 04:18:18 AM
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BTC is going up because people are buying it because it allows you to transfer $11,500 per day out of Gox.

Buy it, sell on another exchange and eat the 5% difference.  Or do a wire transfer after you get approved for Trusted, or whatever the more than $1,000 per day thing is called.
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May 16, 2013, 04:18:24 AM
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Any withdrawal method except for Dwolla works. International bank transfers, for example.
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May 16, 2013, 04:29:28 AM
 #4

How do I get my fiat out?
I should point out I'm in Australia. What's the quickest, easiest way?

I can't understant why have you even bought BTC in the first place. Anyway...

If you want your fiat, then buy BTC on gox, send the coins to https://www.bitinnovate.com/ and exchange to fiat from there.

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