|
virtualfaqs (OP)
|
 |
January 28, 2014, 12:08:46 AM |
|
I'm curious. Obviously there's a huge Mtgox arbitrage opportunity if crap ever gets fixed.
As someone who finally got out of there today, what will it take for you to sell your BTC there?
Here are some choices.
1. Announcement by Mtgox, all withdrawals fixed and being executed on Mtgox.
2. Announcement by Mtgox, new banking partner for US withdrawals.
3. Confirmation of withdrawals from others.
4. Your withdrawal from 6 months ago actually comes through.
5. You're done and never going back to Mtgox.
|
|
|
|
sgbett
Legendary
 Offline
Activity: 2576
Merit: 1087
|
|
January 28, 2014, 12:25:37 AM |
|
I think one of the most profitable plays, if you can time it right is going to be when gox finally gets its shit sorted and reinstates withdrawals.
If you knew when that was going to happen you got a quick and easy 20%.
Gamble on!
|
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
|
eiskalt
|
|
January 28, 2014, 12:28:53 AM |
|
I'm curious. Obviously there's a huge Mtgox arbitrage opportunity if crap ever gets fixed.
As someone who finally got out of there today, what will it take for you to sell your BTC there?
Here are some choices.
1. Announcement by Mtgox, all withdrawals fixed and being executed on Mtgox.
2. Announcement by Mtgox, new banking partner for US withdrawals.
3. Confirmation of withdrawals from others.
4. Your withdrawal from 6 months ago actually comes through.
5. You're done and never going back to Mtgox.
6. A gun pointed at your forehead |
|
|
|
|
|
theonewhowaskazu
|
|
January 28, 2014, 12:48:55 AM |
|
I would use MtGox if they had a US ACH withdraw & deposit feature integrated, so that I don't have to pay $30+ for a single transfer. Even then, for small deals Localbitcoins would usually be more convenient.
|
|
|
|
|
TERA
|
|
January 28, 2014, 12:49:59 AM |
|
I would use gox if they went back to having 80% of all bitcoin volume.
|
|
|
|
|
|
virtualfaqs (OP)
|
|
January 28, 2014, 01:02:45 AM |
|
I would use gox if they went back to having 80% of all bitcoin volume.
They'd have to fix their withdrawals and then I'm sure they'd get at least 33% of the US market. After that, it would depend on their customer service and other factors. I would use MtGox if they had a US ACH withdraw & deposit feature integrated, so that I don't have to pay $30+ for a single transfer. Even then, for small deals Localbitcoins would usually be more convenient.
At this point, some of the whales would be happy to pay $100 to get a withdrawal to go through. There's coinbase for ACH, but yea it's 1% so unless it's a small amount, it'll be more than $30. |
|
|
|
|
BitcoinBobbeh
|
|
January 28, 2014, 08:01:01 PM |
|
I'd never use a Bitcoin exchange or online wallet that wasn't optimized for use in my country.
I realize that isn't a realistic approach for everybody depending on where you live, but that's just me.
Coinbase does a pretty good job, all things considered.
Edit:
BTC-e is also extremely NOICE.
|
By the end of next month at the latest we will have permanently left behind 3 digits. You can quote me on this.
|
|
|
piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
|
|
January 28, 2014, 08:41:15 PM |
|
i use mtgox for bot trading, so selling there daily. reason? simple, biggest volatility of all other exchanges. sell to withdraw fiat? why would anyone do that.
|
i am satoshi
|
|
|
|
Rawted
|
|
January 28, 2014, 08:42:04 PM |
|
I think one of the most profitable plays, if you can time it right is going to be when gox finally gets its shit sorted and reinstates withdrawals.
If you knew when that was going to happen you got a quick and easy 20%.
Gamble on!
Or be there when they flip the switch on LTC trading and take advantage of that high BTC price. |
|
|
|
|
|
virtualfaqs (OP)
|
|
January 28, 2014, 09:02:34 PM |
|
I think one of the most profitable plays, if you can time it right is going to be when gox finally gets its shit sorted and reinstates withdrawals.
If you knew when that was going to happen you got a quick and easy 20%.
Gamble on!
Or be there when they flip the switch on LTC trading and take advantage of that high BTC price. Would you be able to? The BTC/LTC ratio would be around BTC-E. The USD/LTC ratio would be higher but then you'd still be stuck with Mtgox $$$. And have the same problem as before. |
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
January 28, 2014, 09:24:54 PM |
|
3. Confirmation of withdrawals from others.
That goes for 99% of everybody else, no matter what they actually say they would be doing.
|
|
|
|
|
|
Bitbuy
|
|
January 29, 2014, 07:28:33 AM |
|
Reports of critical issues & problems would have to go away first. Right now, with all the botched withdrawal issues going on I'm scared to even withdraw my BTC  |
|
|
|
|
Holliday
Legendary
Offline
Activity: 1120
Merit: 1010
|
|
January 29, 2014, 07:30:41 AM |
|
3. Confirmation of withdrawals from others.
That goes for 99% of everybody else, no matter what they actually say they would be doing.
I don't sell bitcoins. Finally I'm in the 1%! |
If you aren't the sole controller of your private keys, you don't have any bitcoins.
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
January 29, 2014, 07:36:06 AM |
|
I wanna see Mark Kraples out. I defend the guy, I don't think he's evil. I don't think he's a criminal. He's just a bad CEO. He needs to get bought out by someone with credibility. He has to has to has to go.
|
insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
|
|
|
|
virtualfaqs (OP)
|
|
January 29, 2014, 09:15:03 AM |
|
I wanna see Mark Kraples out. I defend the guy, I don't think he's evil. I don't think he's a criminal. He's just a bad CEO. He needs to get bought out by someone with credibility. He has to has to has to go.
Or at least hire a PR guy. All they have to do is have some News Announcement about working on US withdrawals and that will probably reassure everyone for another month. |
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
January 29, 2014, 10:14:55 AM |
|
Are you able to withdraw to Japanese bank accounts with MtGox?
|
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
|
|
|
magicmexican
|
|
January 29, 2014, 11:43:29 AM |
|
I would use gox if they went back to having 80% of all bitcoin volume.
These were the days... God i remember how easy it was to short on btc-e: 1. wait till mtgox lag or ddos 2. mass panic selling  |
|
|
|
|
|
segeln
|
|
January 29, 2014, 12:41:36 PM |
|
|
|
|
|
|
|
MatTheCat
|
|
January 29, 2014, 01:02:18 PM |
|
I would use gox if they went back to having 80% of all bitcoin volume.
Even if that only meant that they octrupled the frequency of their bot trading? Single percent figures of all Bitcoin are actually in circulation, I heard. Trade volume is mostly a measure of the level of bots or gamblers on an exchange. |
|
|
|
|
