MtGox website down. Watch them disappear!

[g27wr]

Their site throws an error. Placing bets as to whether they just jumped ship...

[1714673712]

1714673712

[1714673712]

1714673712

[1714673712]

1714673712

[1714673712]

1714673712

[1714673712]

1714673712

[serje]

"An unexpected error has occured. Please try again later."

Maybe they are uploading the announcement!

P.S. Doesn't the correct form of occured is occurred ?

[omegahertz]

https://i.imgur.com/7QkyXjL.gif
Go on...

[Remember remember the 5th of November]

Let it die, please!!

[DebitMe]

I will bet it comes back online within 24 hours, any takers?

[adamstgBit]

you can still log in here: https://www.mtgox.com/login

[bobalo]

it works now... I was hoping it would die

[g27wr]

They're back up now. Wonder what they were doing...hopefully this announcement comes soon.

[serje]

They're back up now. Wonder what they were doing...hopefully this announcement comes soon.

Mark is still drinking his frappuccino so you have to wait a little longer!

[exstasie]

probably won't be long before they are complete gone!

[serje]

probably won't be long before they are complete gone!

First step is already done!
They changed address to digits only!
https://bitcointalk.org/index.php?topic=474795.0

[superduh]

really, same predictions for years on end?

[SirWilliam]

Umm, die, zombie, die???

[keithers]

I don't know why you all want Gox to die...we should be rooting for them to fix things.   A lot of people have a lot of money tied up on that website.   Obviously, the people just rooting for it to just implode, don't have any skin in the game over there.   

The best case scenario would be for another company to come in and buy out Gox, fix the problems, and slowly be able to pay everyone back the money that they are owed...

[jbrnt]

Having read up on Mt Gox, it is a disgrace to the bitcoin community.

[keithers]

The BTC chart on Gox as of late looks like the Feathercoin chart...

[whtchocla7e]

Bitcoin wouldn't have reached $1000 as early as it did without Gox. Show some respect.

[h3rlihy]

I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?

[cescan]

Will Mt Gox die out this year?

[dopecoindude]

Will Mt Gox die out this year?

yes they will ...

[smoothie]

Bitcoin wouldn't have reached $1000 as early as it did without Gox. Show some respect.

Wrong. MTGOX has been one company that has brought so much bad press to Bitcoin as a whole.

They are a failure of a Bitcoin exchange. The free market has proven that they dont believe BTC will be a good way to get funds out of MTGOX.

[smoothie]

I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?

Please keep up. Anyone with coins on gox can't withdraw them to sell elsewhere....hence why they aren't doing that.

[Beliathon]

I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?

Please keep up. Anyone with coins on gox can't withdraw them to sell elsewhere....hence why they aren't doing that.

Anyone except Mark Kerpall... Kerp.. Kerpallaous.. .Ke...

[AlvinZ]

scam,scammer. Obviously, mtgox itself is stealing btc and $ from its users. if you are one participant, you'd better keep your account silent without any trade. if you can join it now, just go to buy bitcoin and keep them.

[superduh]

I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?

Please keep up. Anyone with coins on gox can't withdraw them to sell elsewhere....hence why they aren't doing that.

noone can withdraw FIAT or Bitcoins.
bitcoins are faster to withdraw so people should be holding bitcoins, logically.

[Hunterbunter]

and the sites back up?

My bot's been working fine on there all year.

[BiTJack]

They are not gona go away with this..

https://www.youtube.com/watch?v=ob9Ak1t09Ao&list=WLE6D373ABB601B9C3

[h3rlihy]

I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?

Please keep up. Anyone with coins on gox can't withdraw them to sell elsewhere....hence why they aren't doing that.

noone can withdraw FIAT or Bitcoins.
bitcoins are faster to withdraw so people should be holding bitcoins, logically.

Oh shit son. I thought it was just fiat they were clinging onto. My mistake

[evoked22]

Go on...

LOL i love it 

[invisiblefriend]

not sure why so many peeps want to see them go away --

it will show that if you r down u r down --

and now any service can just take off with millions of dollars -- next time it will be the service u may use --

we all should want mtgox to survive --


announcement about to hit --

they aren't going anywhere anytime soon ---   the future who knows --- i hope they grow to be the top dog once again !

they helped this entire movement !

they made millionaires !

they helped others get started ?

i think we all should be hoping for them to recover  !

don't give the other markets any ideas of what they can do once they have a few million of your money >?




peace n respect 2 all

[keithers]

Wow, we are about to see under $200 on Gox...

[superduh]

Wow, we are about to see under $200 on Gox...

if the people who sold don't buy back below their sell, they will lose a lot of money when price hits $500+ shortly. just another "greater fool" market tactic of not being the last to sell at the bottom

[keithers]

Wow, Gox is still going bonkers...I just saw it bounce up to $250, and then back down to $200 within a matter of about 2 seconds.   It also seems to be slowly dragging down prices straight across the board on other exchanges.  Even LTC is hitting lows right now too...

[keithers]

10k of bitcoins sold off in last hour on Gox, and counting...

[superduh]

ill buy goxbux with a 4:1 ratio

[keithers]

WTF?!!! there are 85,000 buy orders for under $1...can you believe that???

[keithers]

ill buy goxbux with a 4:1 ratio

There are going to be some very happy campers if somehow withdrawals are restored and they just loaded up on coins for like $100

[sprinkle]

ill buy goxbux with a 4:1 ratio

There are going to be some very happy campers if somehow withdrawals are restored and they just loaded up on coins for like $100

It's almost to the point of 'why not' just drop a Benjamin and see what happens.

[minerdetail]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

[sprinkle]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

And that's correct -- can't withdraw in either fiat or BTC, thus further driving the panic.

[superduh]

"day traders" think they will get cash out before bitcoins  


fiat does not flow out of gox, and if there ever is a bankruptcy you'll get pennies on the dollar of whatever cash you do hold there.

so.........

[superduh]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

bankruptcy doesn't mean there are actual funds there to "distribute" out. so whoever actually thinks that is just extermely confused about what bankruptcy is

[minerdetail]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

I see...

But the reasoning behind this must be that there actually exists fiat at MtGox, either already in ppl accounts or somehow deposited.

They are as many buyers as sellers, so it seems a bit strange that one part wants to have fiat, while another want Bitcoins, if investors are going to claim against them?

[wasamata]

receivers ala fire sale?
looking forward til their done so we can get on with bitcoin supremacy.

[Cloudpost]

It is the end of gox. I think it is good for bitcoin.

But so sad a lot of people lost their btc/dollars

[keithers]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

And that's correct -- can't withdraw in either fiat or BTC, thus further driving the panic.

Yes, that is the latest speculation in regards to holding either fiat or btc from there...  i cannot believe that it is under $150 now, and still dropping

[Cloudpost]

I'm hypnotized by the drama of the falling charts... 135 now...

[sprinkle]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

bankruptcy doesn't mean there are actual funds there to "distribute" out. so whoever actually thinks that is just extermely confused about what bankruptcy is

Totally right, but the general legal advice getting handed out is that if things go to court, it's probably going to be easier to get your pennies back than your bitcoins.

[superduh]

Not sure I understand this fully.

Is it impossible to withdraw Bitcoins from MtGox to another exchange?

It seems weird that the price is dumping.

The basic gist is that most investors believe Gox is going to go bankrupt and it's better to have a claim against them in fiat than in btc -- so people are dumping all they can, and at this point, at whatever price they can get.

bankruptcy doesn't mean there are actual funds there to "distribute" out. so whoever actually thinks that is just extermely confused about what bankruptcy is

Totally right, but the general legal advice getting handed out is that if things go to court, it's probably going to be easier to get your pennies back than your bitcoins.

advice: "take a guranteed big loss on your position" so if mtgox goes bankrupt you have a 1% chance at recovering 1% of your funds. worst fucking advice. then again that's how lawyers make their money.

[Phinnaeus Gage]

you can still log in here: https://www.mtgox.com/login

And here: https://www.mtgox.com/deposit_please

[Phinnaeus Gage]

probably won't be long before they are complete gone!

First step is already done!
They changed address to digits only!
https://bitcointalk.org/index.php?topic=474795.0

The final step: https://bitcointalk.org/index.php?tropics=1337

[Phinnaeus Gage]

I don't know why you all want Gox to die...we should be rooting for them to fix things.   A lot of people have a lot of money tied up on that website.   Obviously, the people just rooting for it to just implode, don't have any skin in the game over there.   

The best case scenario would be for another company to come in and buy out Gox, fix the problems, and slowly be able to pay everyone back the money that they are owed...

Ergo,...

[Phinnaeus Gage]

Bitcoin wouldn't have reached $1000 as early as it did without Gox. Show some respect.

Blue ball on head. CHECK!
Big gut. CHECK!
Going up in flames. CHECK!
Kept the flames small to show respect. DOUBLE CHECK[MATE]!!!

[exocytosis]

What happened to the announcement they were gonna make?

[NickPortland]

What happened to the announcement they were gonna make?

6p.m. Tokyo time

[pleiotropik]

Obvious what's happening: Mr K. Frappucino is lowering the $ so that when Gox goes Bust the $ fiat liability will be smaller.

[minerdetail]

Where is the money then?

Who owns them?

The logic behind buy and sell, is that before a price can increase/ decrease there need to be some money / btc in the system. If the ppl have money at their accounts they are exchanging those to Bitcoins and vice versa.

If no money can enter or leave the system, then it makes absolutely no sense that the price is dropping, except that the clever ones must be very happy to receive cheap Bitcoins. Theoretically the price could increase 10-fold, due to the fact that the system is isolated.

Common sense must denote that it is extremely stupid to exchange anything at an exchange that is heading for bankruptcy.

Why do most people think that the money is coming from MtGox, when they actually should/ are coming from the customers that use MtGox.

The only way I can see that MtGox is not able to payout fiat, is that the fiat is lost/ stolen from the accounts (and has been for a very long time) and that the fiat-amount one could see in their account balance was fake. (i.e. the money behind it was gone/ deported to the MtGox-scammers)


Just my 2 cents

[Dr. Sekxy]

I don't actually understand who is selling their coins at these low prices? Why sell on gox for $250 when you could just pop them over to bitstamp and get $600+?

gox is hodling their coins since they suspended btc withdrawal so gox users are selling at cute prices

[Sheldor333]

Yes, that's definitely good news. I am glad to see that people, even new-comers, aren't as reliable on Mt. Gox for their price, and certainly don't use them to buy Bitcoins, for the most part. CoinBase and Bitstamp seem to be the two main branches, which is awesome, as they both have very good support, however, I can see a large load mounting on both of them, one for UK and one for US, and a similar situation happening, whereby they become over-encumbered by the large load.

[pleiotropik]

this year? ... What about this month. I'm looking at a $130 quote. The K is making the quote plunge. Those are not market forces at work.

1 theory: getting ready to close shop and declare that he will redeem all btc in USD... 

I propose that bitcointalk move all mtgox related threads to the gambling/ponzi ghetto.

[quone17]

Gox is destroying bitcoin.  THe price there is collapsing (I don't know why) and the other exchnages and bitcoin press are being dragged down with it.  What a bunch of stupid selfish jerks at Gox.

[toknormal]

Gox is destroying bitcoin

If a tiny company like MT Gox can single handedly "destroy bitcoin" then it wasn't worth very much in the first place.

I doubt that's true anyway. It's just the gossip story of the moment and since the market is tiny and doesn't have anything else to concern itself with, that's what it's decided to obsess on for now.

[cryptoatc]

Well I think that BTC is hanging on very well with all that is happening.

But Gox is going down it seams...

[hostmaster]

Their site throws an error. Placing bets as to whether they just jumped ship...

it maybe a good sign they seem to test some things.

[cryptoatc]

Their site throws an error. Placing bets as to whether they just jumped ship...

it maybe a good sign they seem to test some things.

I think that no one will ever trust gox...

[Taxidermista]

FOR IMMEDIATE RELEASE
 
Tokyo, Japan, February 20th, 2014


Dear MtGox Customers,

Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress.
As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as possible to keep everyone in the loop.
We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support.

Best regards,

MtGox Team


This is fucking unbelievable... 

[usabitcoinbuyer]

This is fucking unbelievable...  

This guy pretty much called it :\  https://bitcointalk.org/index.php?topic=475802.msg5246924

I wonder what's up with the office move?  Too many protesters show up?  Landlord didn't like the situation?  It's possible to interpret "security problems" as physical security issues...

Edit: I guess I'm late to the show.  The new office is just a front: https://bitcointalk.org/index.php?topic=477103.msg5261072#msg5261072

[keithers]

How long are you guys predicting before we see sub $100 coins?   I would buy sooooo many if I could get them at $100 right now...  I would get at least 50 more

[keithers]

FOR IMMEDIATE RELEASE
 
Tokyo, Japan, February 20th, 2014


Dear MtGox Customers,

Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress.
As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as possible to keep everyone in the loop.
We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support.

Best regards,

MtGox Team


This is fucking unbelievable... 

This has got to be a result of employees fearing their safety.   It sucks for just the average employee that is just there doing their job, as there is nothing that they can do to fix the situation...

[HerrAndreas]

FOR IMMEDIATE RELEASE
 
Tokyo, Japan, February 20th, 2014


Dear MtGox Customers,

Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress.
As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as possible to keep everyone in the loop.
We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support.

Best regards,

MtGox Team


This is fucking unbelievable... 

This has got to be a result of employees fearing their safety.   It sucks for just the average employee that is just there doing their job, as there is nothing that they can do to fix the situation...

riots in the streets are keeping MagicTheGatherinOnlineeXchange from work...
http://www.ustream.tv/channel/mtgox-protest

[keithers]

who would have ever guessed that we would be close to seeing sub $100 btc on Gox (of all exchanges)??

[exocytosis]

What's the fastest way to deposit fiat on Gox now?

How fast is OK-Pay?


(Yes, I'm aware of the risks.)

[raspcoin]

scam,scammer. Obviously, mtgox itself is stealing btc and $ from its users. if you are one participant, you'd better keep your account silent without any trade. if you can join it now, just go to buy bitcoin and keep them.

There is a reason why the price is so low. The bitcoins currently available for trade may not even be real.

[raspcoin]

What's the fastest way to deposit fiat on Gox now?

How fast is OK-Pay?


(Yes, I'm aware of the risks.)

It is possible that the price has been manipulated in order to attract new money to the exchange. I hope you really are aware of the risks.

[keithers]

What's the fastest way to deposit fiat on Gox now?

How fast is OK-Pay?


(Yes, I'm aware of the risks.)

It is possible that the price has been manipulated in order to attract new money to the exchange. I hope you really are aware of the risks.

I would put it at a 65% chance that you would never again see money deposited today on Gox.   My fear is that the implosion of Gox is going to encourage governments to come out even harder with the ban hammer after there are so many people who have been screwed out of their money...