I need Help/Advice on how to get out of Mt Gox

[Kuroth]

Well the good news..  My Trading Bot Sold at 200 and I made almost 1K profit..  My first BIG Profit using EMA(the Bot)


Bad news.. I am using Mt Gox..

I have been spending HOURS just trying to get setup where I can request a withdrawal from Mt Gox..  I want to take out my 1k Profit in USD..   (I know this could take 2 weeks or more... Or maybe never?Huh?)

NOW I am hearing people are even starting to have issues with BTC withdrawals...   OMG

I feel that MT Gox is nothing short of a criminal operation now..


I need to get the hell out of there as soon as I can..

What I need to know is what other exchanges that the Bot works with(Bitstamp and BTC-e) would be best for me to switch to and will I be able to Withdrawal USD??

I dont buy anything using BTC's and I am now questioning what is the point of me running the Bot and Trading in BTC if I will never be able to get my money out in USD


Please if you have any suggestions let me now.

[1714687399]

1714687399

[1714687399]

1714687399

[joesmoe2012]

Buy bitcoin and transfer to a different exchange.

You'd be better to run your bots elsewhere for the time being as MtGox has major withdraw issues currently.

[justusranvier]

The simple answer is that you can't withdraw USD from Mt Gox. The US banking system is currently enforcing an unofficial embargo against Mt Gox at the moment.

AFAIK if you're a resident of Poland, or Japan, you can get your money relatively soon. EU residents takes a bit longer.

Best bet is to buy bitcoins, withdraw them, and sell them somewhere else.

[Kuroth]

Buy bitcoin and transfer to a different exchange.

You'd be better to run your bots elsewhere for the time being as MtGox has major withdraw issues currently.

Yes but WHERE?  Bitstamp or BTC-e??

Are these ANY BETTER then Mt Gox???  Can you Get USD out of these???

[justusranvier]

Yes but WHERE?  Bitstamp or BTC-e??

Are these ANY BETTER then Mt Gox???  Can you Get USD out of these???

LocalBitcoins or #bitcoin-otc.

[Kuroth]

Yes but WHERE?  Bitstamp or BTC-e??

Are these ANY BETTER then Mt Gox???  Can you Get USD out of these???

LocalBitcoins or #bitcoin-otc.

Thanks but my issues is I cant do what you suggest..

The Bot works on 1 of those 3 exchanges..

Once the Bot sells, my funds are in USD and not BTC..   So I need to have an exchange where I can Withdrawal USD ..

Once the Bot Buys again I am then back with all my Funds in BTC...     I would have to try and Guess when I think the Price is at the top, then manually Transfer some BTC to one of your suggested sites, then hope the Price of BTC dont drop while I am doing all this..  Thus Not let the Bot do its thing.

[justusranvier]

Thanks but my issues is I cant do what you suggest..

The Bot works on 1 of those 3 exchanges..

Once the Bot sells, my funds are in USD and not BTC..   So I need to have an exchange where I can Withdrawal USD ..

Once the Bot Buys again I am then back with all my Funds in BTC...     I would have to try and Guess when I think the Price is at the top, then manually sell then try and Transfer some BTC to one of your suggested sites, then hope the Price of BTC dont drop while I am doing all this..  Thus Not let the Bot do its thing.

If it was easy, everybody would just run a bot and get rich.

You've got to design your system around the fact that USD is difficult to move, while BTC is easy.

Maybe move to Japan and get a bank account there so you can withdraw JPY from Mt Gox and wire it to Bitstamp.

[Kuroth]

Thanks but my issues is I cant do what you suggest..

The Bot works on 1 of those 3 exchanges..

Once the Bot sells, my funds are in USD and not BTC..   So I need to have an exchange where I can Withdrawal USD ..

Once the Bot Buys again I am then back with all my Funds in BTC...     I would have to try and Guess when I think the Price is at the top, then manually sell then try and Transfer some BTC to one of your suggested sites, then hope the Price of BTC dont drop while I am doing all this..  Thus Not let the Bot do its thing.

If it was easy, everybody would just run a bot and get rich.

You've got to design your system around the fact that USD is difficult to move, while BTC is easy.

Maybe move to Japan and get a bank account there so you can withdraw JPY from Mt Gox and wire it to Bitstamp.

Thanks for your Input.. I see what your saying...     

[waltermot321]

I believe even withdrawing Bitcoin have problems now, or did they just solve it?

[joesmoe2012]

I believe even withdrawing Bitcoin have problems now, or did they just solve it?

Are you getting an error message or is it just taking forever? Both are known to be pre-existing problems ...

[Anon136]

i dont think its really their fault. they had something like 4 million dollars stolen from them by the us government.

[joesmoe2012]

i dont think its really their fault. they had something like 4 million dollars stolen from them by the us government.

Naw it's not because of that, it's because he changed his password. They have a warning right on the password change page.

[vm1990]

no offence and im not racist but the way america has treated gox id refuse to pay anything ib usd if i where gox let the good old US suffer. i like gox and the id stuff is a pain in the ass but being from the UK i dont really have trouble with them
id offer to withdraw to my bank accout and then on to the US but i dont want the freezing my bank accouts because there country is facing financial ruin

ill make it clear im not racist i just dont like America or anything about America
P.S if the NSA is watching go F yourselves 

[posormo]

They should just stop doing business with anyone based in the US.   Let the yanks play by themselves in their little walled garden.