Mt. Gox - To resume withdrawals Feb 20th - New ATH approaching

[smoothie]

Why the hell does Gox need to use blockchain.info identifiers??? That is absurd.

The simple way to look for a transaction in the blockchain is
if ( list of inputs = list of inputs AND
     list of outputs = list of outputs AND
     amounts = amounts )
then
  transaction found

Instead Gox has insisted that they need an identifier because they want to keep doing
if( tx id = tx id )
then
  transaction found

Seriously do these guys have zero programmers on staff, can they not pick up an Intro to C book?

It would seem so.

If this is the case then I'm even more unsure of their "custom" implementation of the bitcoin protocol.

[darkmule]

Thanks to our friends at Blockchain.info, MtGox now has a workaround that will
use a unique identifier created by Blockchain to show whether transactions have
been modified or not. This will prevent any fraudulent use of the malleability
issue and protect the assets of our customers. "

So instead of using the blockchain itself, they're using blockchain.info?

Does this reek of WTF are these people smoking down there?  Haven't they learned a single lesson about how you should rely ONLY on the blockchain itself?  Or are they just not competent to implement it?

Neither is particularly bracing news.

[traderCJ]

Omg.  Initiating immediate panic byu and hodl.

[vabtc]

It's been 72hours since I sent my urgent SEPA transfer (which guarantees same day from my bank - and shows same day when i do this to bitstamp) and it still isn't showing on my gox account. I'm inclined to agree that I will miss the window, and price will have normalised before I get chance to get a few discount coins.

ho hum.

Why oh why did you send money over there? Did you also sent BTC to Gox in the last weeks when the price over there was +20% ?
It´s a trap, you will get fooled. I hope not so.

I sent cash

You are a braver man than I, the last day I sent money to gox was the exact day their funds were seized.. luckily I was able to cancel the dwolla transfer and started my slow exodus from gox immediately afterwards.  I'm still not sure if I want them to survive or not.. at least long enough for everyone to pull out LOL. I just hope MtGox isn't letting stolen/sheep/SR2/cryptolocker btcs to get laundered to you... we don't need that...

[tabnloz]

I'll post the same thing in this thread as I did in the other:

When they resume withdrawals it should be a mass exodus.  Take everything out, put nothing in.  Leave them to die before they do any further damage.

If your real world bank told you that you can't have your money, you'd dump their sorry arses in a heartbeat and move to another bank.  Why anyone would continue to trust these inept halfwits with their money is beyond my comprehension.

+1

They should commit hari kari and have some dignity.

[BitChick]

I'll post the same thing in this thread as I did in the other:

When they resume withdrawals it should be a mass exodus.  Take everything out, put nothing in.  Leave them to die before they do any further damage.

If your real world bank told you that you can't have your money, you'd dump their sorry arses in a heartbeat and move to another bank.  Why anyone would continue to trust these inept halfwits with their money is beyond my comprehension.

+1

They should commit hari kari and have some dignity.

I was just thinking today though that this won't happen.  Why?  People love the adrenalin rush of a good gamble.  That is what GOX is providing.  With the total uncertainty, the unknown of "who will get their coins" and the ability to take advantage of undervalued or overvalued prices they have created an entire market of people who enjoy going to "Vegas" with their money.  It really is the same thing in a way.

[DooMAD]

I'll post the same thing in this thread as I did in the other:

When they resume withdrawals it should be a mass exodus.  Take everything out, put nothing in.  Leave them to die before they do any further damage.

If your real world bank told you that you can't have your money, you'd dump their sorry arses in a heartbeat and move to another bank.  Why anyone would continue to trust these inept halfwits with their money is beyond my comprehension.

+1

They should commit hari kari and have some dignity.

I was just thinking today though that this won't happen.  Why?  People love the adrenalin rush of a good gamble.  That is what GOX is providing.  With the total uncertainty, the unknown of "who will get their coins" and the ability to take advantage of undervalued or overvalued prices they have created an entire market of people who enjoy going to "Vegas" with their money.  It really is the same thing in a way.

Vegas let you leave with your winnings, though.  

If a casino said "you can only cash out some of your winnings, come back next month while we hold the rest of your money for no reason", I don't think many people would gamble there.

[granrojo]

If you do want to bet on them allowing withdrawals again, and therefore a price surge while people race to get their coins out, use a platform like Avatrade (please forgive my affiliate link).

You will get the MtGox price without trusting MtGox with your money. They are a regulated exchange offering Contracts for Difference, you can fund your account with a credit card and can trade with leverage. You will even get a new user bonus, I deposited £3000 and they credited my account with an extra £1500!

You can't withdraw the coins but you can profit from the price movements, then when the time comes, close the position and buy the coins with your profit.

Failing everything, I figure even if MtGox doesn't come through they will have to re-price the contracts using another exchange. I can't imagine they'll let me keep the contract open while they do, but you never know, afterall they are stupid enough to still be using MtGox pricing.

[BitChick]

I'll post the same thing in this thread as I did in the other:

When they resume withdrawals it should be a mass exodus.  Take everything out, put nothing in.  Leave them to die before they do any further damage.

If your real world bank told you that you can't have your money, you'd dump their sorry arses in a heartbeat and move to another bank.  Why anyone would continue to trust these inept halfwits with their money is beyond my comprehension.

+1

They should commit hari kari and have some dignity.

I was just thinking today though that this won't happen.  Why?  People love the adrenalin rush of a good gamble.  That is what GOX is providing.  With the total uncertainty, the unknown of "who will get their coins" and the ability to take advantage of undervalued or overvalued prices they have created an entire market of people who enjoy going to "Vegas" with their money.  It really is the same thing in a way.

Vegas let you leave with your winnings, though.  

If a casino said "you can only cash out some of your winnings, come back next month while we hold the rest of your money for no reason", I don't think many people would gamble there.

But if it was the only casino offering chips for half price or paying way more for chips if they had to just leave them there for a while you might be surprised.

[granrojo]

If you do want to bet on them allowing withdrawals again, and therefore a price surge while people race to get their coins out, use a platform like Avatrade (please forgive my affiliate link).

You will get the MtGox price without trusting MtGox with your money. They are a regulated exchange offering Contracts for Difference, you can fund your account with a credit card and can trade with leverage. You will even get a new user bonus, I deposited £3000 and they credited my account with an extra £1500!

You can't withdraw the coins but you can profit from the price movements, then when the time comes, close the position and buy the coins with your profit.

Failing everything, I figure even if MtGox doesn't come through they will have to re-price the contracts using another exchange. I can't imagine they'll let me keep the contract open while they do, but you never know, afterall they are stupid enough to still be using MtGox pricing.

Ignore this. They have literally updated their prices away from MtGox just now and cancelled my pending order.

[TERA]

What does this have to do with an ATH?

If you cant figure this out, you have no place in bitcoin trading.

Explain please.

No response yet from biafore. How can I possibly respond to an empty statement with no information?

[biafore]

Just for you. Bitcoin sheep faith was broken by Mt.Gox . most sheople still thinks its a ponzi scheme. Probably you. I have numerous contacts in Japan pumping as much fiat into Gox as they can. Why because they no withdrawals are going to be coming back. And when withdrawals do come back, yes many will withdrawal their BTC but their are many who will continue to trade there, they will survive just as they have before, read some history, do some due diligence. Yes things could be better from a management point, but thats easy to say for someone whos probably never come close to running a multimillion dollar companies. shit happens. Grow some nuts hold your coins and watch as soon as mt Gox resumes withdrawals, bitcoin faith with be regained, and then we Will see a new all time high. I"m %100 positive. You are acting like a scared little girl rite now. Get out of trading you cant handle it.

[TERA]

Just for you. Bitcoin sheep faith was broken by Mt.Gox . most sheople still thinks its a ponzi scheme. Probably you. I have numerous contacts in Japan pumping as much fiat into Gox as they can. Why because they no withdrawals are going to be coming back. And when withdrawals do come back, yes many will withdrawal their BTC but their are many who will continue to trade there, they will survive just as they have before, read some history, do some due diligence. Yes things could be better from a management point, but thats easy to say for someone whos probably never come close to running a multimillion dollar companies. shit happens. Grow some nuts hold your coins and watch as soon as mt Gox resumes withdrawals, bitcoin faith with be regained, and then we Will see a new all time high. I"m %100 positive. You are acting like a scared little girl rite now. Get out of trading you cant handle it.

Major chart indicators were turned south (particularly the 1 week macd) well before the mtgox situation so it wasn't mtgox that took 'sheep faith' and the simple act of mtgox restoring withdrawals (after 2+ weeks) wont bring it back. More will need to develop. I hold the position that more will need to happen than simply mtgox resuming withdrawals for the charts to fully reverse not to mention an ATH being reached.

The name calling and emotion in your statements implies a lack of actual arguments to defend yourself with. I need more technical detail on how mtgox will completely flip the chart upside down cause ATH to be reached.

[biafore]

Just for you. Bitcoin sheep faith was broken by Mt.Gox . most sheople still thinks its a ponzi scheme. Probably you. I have numerous contacts in Japan pumping as much fiat into Gox as they can. Why because they no withdrawals are going to be coming back. And when withdrawals do come back, yes many will withdrawal their BTC but their are many who will continue to trade there, they will survive just as they have before, read some history, do some due diligence. Yes things could be better from a management point, but thats easy to say for someone whos probably never come close to running a multimillion dollar companies. shit happens. Grow some nuts hold your coins and watch as soon as mt Gox resumes withdrawals, bitcoin faith with be regained, and then we Will see a new all time high. I"m %100 positive. You are acting like a scared little girl rite now. Get out of trading you cant handle it.

Major chart indicators were turned south (particularly the 1 week macd) well before the mtgox situation so it wasn't mtgox that took 'sheep faith' and the simple act of mtgox restoring withdrawals (after 2+ weeks) wont bring it back. More will need to develop. I hold the position that more will need to happen than simply mtgox resuming withdrawals for the charts to fully reverse not to mention an ATH being reached.

The name calling and emotion in your statements implies a lack of actual arguments to defend yourself with. I need more technical detail on how mtgox will completely flip the chart upside down cause ATH to be reached.

Plain and simple you have no faith in Bitcoin, and are a border line troll, why do you come to bitcoin forums?

[TERA]

Just for you. Bitcoin sheep faith was broken by Mt.Gox . most sheople still thinks its a ponzi scheme. Probably you. I have numerous contacts in Japan pumping as much fiat into Gox as they can. Why because they no withdrawals are going to be coming back. And when withdrawals do come back, yes many will withdrawal their BTC but their are many who will continue to trade there, they will survive just as they have before, read some history, do some due diligence. Yes things could be better from a management point, but thats easy to say for someone whos probably never come close to running a multimillion dollar companies. shit happens. Grow some nuts hold your coins and watch as soon as mt Gox resumes withdrawals, bitcoin faith with be regained, and then we Will see a new all time high. I"m %100 positive. You are acting like a scared little girl rite now. Get out of trading you cant handle it.

Major chart indicators were turned south (particularly the 1 week macd) well before the mtgox situation so it wasn't mtgox that took 'sheep faith' and the simple act of mtgox restoring withdrawals (after 2+ weeks) wont bring it back. More will need to develop. I hold the position that more will need to happen than simply mtgox resuming withdrawals for the charts to fully reverse not to mention an ATH being reached.

The name calling and emotion in your statements implies a lack of actual arguments to defend yourself with. I need more technical detail on how mtgox will completely flip the chart upside down cause ATH to be reached.

Plain and simple you have no faith in Bitcoin, and are a border line troll, why do you come to bitcoin forums?

So this is all about me? I have the power to control the price? Wow I never knew. Now I will be the best trader ever. Muhahaha.

[Dalmar]

biafore sounds like a +1k bag holder.

[UnDerDoG81]

ATH was reached due to hordes of Chinese gamblers and media hype. Both of them are gone. Keep it real.

Some quotes from this board (2013)

"we will never see $100 again"

Goodbye, triple digits. See you 2015.

I predict BTC/USD will fall to $2 by December 31,

Endless quotes with this pessimism....

With bitcoin, anything is possible... time will tell.

Yes but this time things are different blah blah blah

[DanielVG]

2 days.  Let's see what will happen.

[biafore]

ATH was reached due to hordes of Chinese gamblers and media hype. Both of them are gone. Keep it real.

Some quotes from this board (2013)

"we will never see $100 again"

Goodbye, triple digits. See you 2015.

I predict BTC/USD will fall to $2 by December 31,

Endless quotes with this pessimism....

With bitcoin, anything is possible... time will tell.

Yes but this time things are different blah blah blah

Hahahaha delmar its obvious who you are.

[Dalmar]

Hahahaha delmar its obvious who you are.

What? I'm not that guy and the mods can verify. I didn't even bother replying to that statement.

Anyhow, keep holding those expensive 1k bags. Maybe in 2015 we can evacuate you from the moon.