Nagle
Legendary
 Offline
Activity: 1204
Merit: 1000
|
 |
July 02, 2013, 04:17:54 AM |
|
I'm a bit concerned that Gox may be doing a Bernie Madoff on us.
That's a reasonable concern at this point. I don't think that we'll see any positive improvements in terms of withdrawals come the 2 week deadline. Instead we'll see more excuses... Excuses, and blaming others for their problems, are part of Mt. Gox's standard operating procedure, so that makes sense. and then the fun will start regarding BTC price.
Maybe not. Bitcoin exchanges have gone bust before. There's no particular reason to think that prices will go up or down if Mt. Gox goes under. There may be a liquidity problem for a while. Already Mt. Gox volume is down. and the other exchanges aren't showing a volume increase of comparable size. Speads will probably widen. The important thing is not to buy or sell, it's to get assets out of Mt. Gox if you can. If Mt. Gox is honest, they have 100% of the funds deposited, and taking assets out of Mt. Gox won't hurt them. If they're not... |
|
|
|
|
|
|
|
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
|
|
July 02, 2013, 12:03:19 PM |
|
stop spreading FUD, well unless you think it might drive the price down so I can get some cheap BTC }:)
If you really believe that one person posting on a forum is going to drive the price down, then your faith in BTC is even less than mine . . . let that sink in a little  Relax, I'm merely posting my analysis of the situation. it was a joke |
|
|
|
|
TheBanker (OP)
Member
Offline
Activity: 125
Merit: 10
|
|
July 02, 2013, 02:23:44 PM |
|
stop spreading FUD, well unless you think it might drive the price down so I can get some cheap BTC }:)
If you really believe that one person posting on a forum is going to drive the price down, then your faith in BTC is even less than mine . . . let that sink in a little Relax, I'm merely posting my analysis of the situation. it was a joke My mistake |
|
|
|
|
Nagle
Legendary
Offline
Activity: 1204
Merit: 1000
|
|
July 02, 2013, 05:23:32 PM |
|
TOKYO - JAPAN - June 20th, 2013: Mt. Gox announced that it was "temporarily suspending cash withdrawals of USD for the next two weeks." It's now July 3 in Tokyo. The two weeks are up at the close of business in Tokyo today.
|
|
|
|
|
TheBanker (OP)
Member
Offline
Activity: 125
Merit: 10
|
|
July 02, 2013, 05:27:00 PM |
|
TOKYO - JAPAN - June 20th, 2013: Mt. Gox announced that it was "temporarily suspending cash withdrawals of USD for the next two weeks." It's now July 3 in Tokyo. The two weeks are up at the close of business in Tokyo today. My wager is on them not meeting the deadline. Complete silence - no announcement - wouldn't surprise me at all. The next few hours here are key for the future of BTC . . . |
|
|
|
|
Nagle
Legendary
Offline
Activity: 1204
Merit: 1000
|
|
July 02, 2013, 06:13:19 PM |
|
I've asked the reporter for the Washington Post who covers Bitcoin, Timothy Lee, to get the Post's Tokyo correspondent to visit Mt. Gox. He's looking into it.
|
|
|
|
|
dave111223
Legendary
Offline
Activity: 1190
Merit: 1001
|
|
July 02, 2013, 11:06:06 PM |
|
Timer removed. End time: 2013-07-03+12:00:00
|
|
|
|
|
|
chufchuf
|
|
July 03, 2013, 02:02:04 AM |
|
this bear market was stopped the instant winklevii declared an etf sec application
|
|
|
|
|
arbitrage001
Legendary
Offline
Activity: 1067
Merit: 1000
|
|
July 03, 2013, 03:44:09 AM |
|
The spread between bitstamp and Mtgox is getting smaller.
This implies people have faith in Mtgox. One can also buy bitcoin at Mtgox and sell at bitstamp if one think Mtgox is going under.
|
|
|
|
|
|
TimJBenham
|
|
July 03, 2013, 03:53:00 AM |
|
The spread between bitstamp and Mtgox is getting smaller.
This implies people have faith in Mtgox. One can also buy bitcoin at Mtgox and sell at bitstamp if one think Mtgox is going under.
Or it may be that favored big hitters are already getting their withdrawals processed. |
You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
|
|
|
TheBanker (OP)
Member
Offline
Activity: 125
Merit: 10
|
|
July 03, 2013, 05:21:26 AM |
|
The spread between bitstamp and Mtgox is getting smaller.
This implies people have faith in Mtgox. One can also buy bitcoin at Mtgox and sell at bitstamp if one think Mtgox is going under.
Or it may be that favored big hitters are already getting their withdrawals processed. The mere fact that the big hitters are with Gox IS the problem . . . |
|
|
|
|
|
TimJBenham
|
|
July 03, 2013, 01:15:06 PM |
|
Timer removed. End time: 2013-07-03+12:00:00
What's with the clock? I'm pretty sure they wont start wiring moneys in the dead of night (jp time). |
You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
|
|
|
dave111223
Legendary
Offline
Activity: 1190
Merit: 1001
|
|
July 03, 2013, 02:37:39 PM |
|
Timer removed. End time: 2013-07-03+12:00:00
What's with the clock? I'm pretty sure they wont start wiring moneys in the dead of night (jp time). I'm pretty sure they won't start wiring moneys during business hours either, so the point is moot. |
|
|
|
|
Nagle
Legendary
Offline
Activity: 1204
Merit: 1000
|
|
July 03, 2013, 05:00:04 PM |
|
Mt. Gox missed the deadline.
They are now in default.
Time for their creditors to go to court in Delaware.
|
|
|
|
|
biggie
Member
Offline
Activity: 85
Merit: 10
|
|
July 03, 2013, 05:41:43 PM |
|
Mt. Gox missed the deadline.
They are now in default.
Time for their creditors to go to court in Delaware.
Delaware is just a paper structure. What people need to do is form a group then hire a good lawyer office and get them in Japan where it hurts them most. Delaware etc are all just PO BOX firms. |
|
|
|
|
|
MOB
|
|
July 03, 2013, 05:45:02 PM |
|
Or you just buy some BTC and get the fuck out of dodge. Not that hard to transfer 20-30 BTC on each downward oscillation to CampBX & Bitstamp. More volume than that is hard, but do that once a day for a week and you could clear out 30K+ from Gox.
|
|
|
|
|
|
MPOE-PR
|
|
July 03, 2013, 06:29:32 PM |
|
I find this thread excruciatingly cute. Yo! See here, and next time pay attention to what the people that matter say. |
|
|
|
TheBanker (OP)
Member
Offline
Activity: 125
Merit: 10
|
|
July 03, 2013, 08:46:13 PM |
|
I find this thread excruciatingly cute. Yo! See here, and next time pay attention to what the people that matter say. How do I put this in the best, kindest terms possible? You ain't shit! |
|
|
|
|
Nagle
Legendary
Offline
Activity: 1204
Merit: 1000
|
|
July 03, 2013, 08:55:31 PM |
|
I've been informed by a Mt. Gox customer (which I am not) that the "Bank Transfer" option on their site now just redirects to their "Withdrawal Center", and there is apparently no longer a "Bank Transfer" option at all. Is this correct?
|
|
|
|
|
|
epetroel
|
|
July 03, 2013, 08:58:52 PM |
|
I've been informed by a Mt. Gox customer (which I am not) that the "Bank Transfer" option on their site now just redirects to their "Withdrawal Center", and there is apparently no longer a "Bank Transfer" option at all. Is this correct?
I believe it's done this for quite some time. If you select "Bank Transfer" it sends you to the withdrawal center to set up a bank account. Once set up, that bank account is then an option you can choose when you withdraw. I had a look at my account, and I don't see that anything has changed recently. |
|
|
|
|
|
