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Author Topic: Good news! MtGox might enable BTC withdrawals again soon!  (Read 1981 times)
btcinsight (OP)
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February 15, 2014, 09:43:53 AM
 #1

Finally, things are starting to move and MtGox will possibly re-enable BTC withdrawals soon!

https://www.mtgox.com/img/pdf/20140215-BTC-transfers.pdf

People having fiat there will make a shitload of money when withdrawals will be re-enabled and price will skyrocket.
Since we are talking about Gox, it still needs to be confirmed, of course.

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NWOreptilian
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February 15, 2014, 09:45:10 AM
 #2

yep this is just the kind of news we need to really get the engine roaring. If mtgox can trade at above average prices once again, it can only do good for the total value of btc.
smoothie
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February 15, 2014, 09:46:29 AM
 #3

lol hold your breath please.

You can still DEPOSIT your bit coins (after the update) but can't withdraw.

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TERA
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February 15, 2014, 09:49:10 AM
 #4

and its still dumping. remarkable!
F-bernanke
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February 15, 2014, 09:50:57 AM
 #5

and its still dumping. remarkable!

There's still no word on gox's solvency, thats the main reason for the excessive dumping in gox...
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February 15, 2014, 09:52:41 AM
 #6

In Gox-ese the word "soon" is redefined as "any point in time in the range from two weeks to never"

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btcinsight (OP)
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February 15, 2014, 09:53:24 AM
 #7

If they re-open withdrawals (I agree that's a big If), I think they are solvent. There will an inevitable bank run when it happens, and if they are not solvent, we would see it immediately anyway.

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TERA
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February 15, 2014, 09:54:47 AM
 #8

remember litecoin is being implemented "soon"
F-bernanke
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February 15, 2014, 09:57:35 AM
 #9

If they re-open withdrawals (I agree that's a big If), I think they are solvent. There will an inevitable bank run when it happens, and if they are not solvent, we would see it immediately anyway.

+1
btcinsight (OP)
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February 15, 2014, 10:00:20 AM
 #10

remember litecoin is being implemented "soon"

It's not the same priority level. Fixing withdrawals is the most urgent thing an exchange might have to do. Failing to do so will inevitably lead to its collapse.

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Rannasha
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February 15, 2014, 10:11:02 AM
 #11

remember litecoin is being implemented "soon"

It's not the same priority level. Fixing withdrawals is the most urgent thing an exchange might have to do. Failing to do so will inevitably lead to its collapse.

Just like fiat-withdrawals, right?
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February 15, 2014, 10:11:15 AM
 #12

So at 15:15 UTC - 10:15 EST the BTC deposits will work again. But withdrawals will take at least till Monday..

Quote
Once the implementation is complete customers will again be able to deposit bitcoin, but we will be doing extensive testing  before bitcoin withdrawals are reactivated. We will publish an update on the situation on Monday.

pietje
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February 15, 2014, 10:12:29 AM
 #13

yea they "might".

Just like they implemented ltc 1 year ago and fixed the fiat withdrawal problems.
F-bernanke
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February 15, 2014, 10:14:03 AM
 #14

Implementing LTC solves absolutely nothing... They should just forget LTC en get their shit fixed.
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February 15, 2014, 10:15:42 AM
 #15

Just like they implemented ltc 1 year ago and fixed the fiat withdrawal problems.
To be fair LTC shouldn't have any priority at all. Also fiat withdrawals are most likely legal issues that you cannot resolve in a few days.

This specific problem is a technically issue and just requires them to work/test hard on it. I personally do think they will fix it. I am just not sure if it will take "only" 2 more days or 2 weeks. Also obviously they did fuck up in the first place and they probably could have fixed it quicker.

Mythul
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February 15, 2014, 10:21:20 AM
 #16

LTC to the moon !!?!  Huh......oh wait....
bennybong
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February 15, 2014, 10:36:31 AM
 #17

Quote
Dear Valued Customer,

Sorry for the inconvenience that have may caused. Our technical team is working hard to fix this issue and it will be fixed as soon as possible. All your BTC's are very safe and secured. Once the issue is fixed you will be able to initiate the BTC withdrawal and there is no time measure at this moment, we will be able to provide a clear picture soon.

We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations.

Best regards,

MtGox Team
https://www.mtgox.com
kireinaha
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February 15, 2014, 10:39:42 AM
 #18

finally some good news and price on gox falls. wtf are people smoking?

Night gathers, and now my bitcoinwisdom watch begins.
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February 15, 2014, 10:40:19 AM
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Quote
Dear Valued Customer,

Sorry for the inconvenience that have may caused. Our technical team is working hard to fix this issue and it will be fixed as soon as possible. All your BTC's are very safe and secured. Once the issue is fixed you will be able to initiate the BTC withdrawal and there is no time measure at this moment, we will be able to provide a clear picture soon.

We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations.

Best regards,

MtGox Team
https://www.mtgox.com

Is this their first statement that no BTC is lost? Where did you find this?
btcinsight (OP)
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February 15, 2014, 10:41:38 AM
 #20

Quote
Dear Valued Customer,

Sorry for the inconvenience that have may caused. Our technical team is working hard to fix this issue and it will be fixed as soon as possible. All your BTC's are very safe and secured. Once the issue is fixed you will be able to initiate the BTC withdrawal and there is no time measure at this moment, we will be able to provide a clear picture soon.

We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations.

Best regards,

MtGox Team
https://www.mtgox.com

Is this their first statement that no BTC is lost? Where did you find this?

Yeah, where does it come from?

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