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Author Topic: Explain Mt.Gox issues like I am a 5 yr old...  (Read 615 times)
bbit (OP)
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January 21, 2014, 10:48:17 PM
 #1

So what is the deal with Mt. Gox ? I know you can't withdraw $$ or if you can it can take forever  then how is Mt.Gox still in Business ?


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moni3z
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January 21, 2014, 10:51:17 PM
Last edit: January 21, 2014, 11:02:12 PM by moni3z
 #2

So what is the deal with Mt. Gox ? I know you can't withdraw $$ or if you can it can take forever  then how is Mt.Gox still in Business ?

Because people just read in the media about MtGox being 'the biggest bitcoin exchange' and foolishly sign up without ever reading a post here. They (Gox) may also have major partners whom they trade with to keep the lights on, like Bitpay who are able to get money out keeping up the BTC supply.

https://www.google.com/search?q=mtgox#q=mtgox&tbm=nws look at all the articles touting them still as the biggest exchange
calian
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January 21, 2014, 11:03:17 PM
 #3

No SWIFT withdrawals in any currency since June 2013. Other methods using EUR and JPY buggy/delayed.
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January 21, 2014, 11:33:11 PM
 #4

It gets the most media attention I'm a fool for using them they really do suck and there are so many better alternatives.

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