What if I buy a bitcoin from MTGOX?

[James222]

Hi everyone. I haven't got any bitcoins in my wallet and I think that this is a good opportunity to get some. As all of you guys know, mtgox has had some so called "problems" and that resulted in the price of bitcoins to go down. The average price of bitcoin is at 160$. I was wondering: if I buy some bitcoins off them, will I be able to get them automatically or I will be just another person who has lost his bitcoins?

[Holliday]

Hi everyone. I haven't got any bitcoins in my wallet and I think that this is a good opportunity to get some. As all of you guys know, mtgox has had some so called "problems" and that resulted in the price of bitcoins to go down. The average price of bitcoin is at 160$. I was wondering: if I buy some bitcoins off them, will I be able to get them automatically or I will be just another person who has lost his bitcoins?

No, you won't get them automatically. They have frozen Bitcoin withdraws.

The gamble is whether or not they will ever allow, or are capable of allowing, Bitcoin withdraws again in the future.

If you want to gamble, go to a casino. If you want to buy a bitcoin, avoid Gox.

I apologize in advance if you heed this free advice and miss out on ridiculously cheap bitcoins should Gox reinstate Bitcoin withdraws again in the future.

[bitlancr]

$160 isn't the price of a Bitcoin - it's the price of a promise from MtGox to pay you one. Many people doubt that MtGox will keep their promises, that's why the price is so discounted.

[James222]

Hi everyone. I haven't got any bitcoins in my wallet and I think that this is a good opportunity to get some. As all of you guys know, mtgox has had some so called "problems" and that resulted in the price of bitcoins to go down. The average price of bitcoin is at 160$. I was wondering: if I buy some bitcoins off them, will I be able to get them automatically or I will be just another person who has lost his bitcoins?

No, you won't get them automatically. They have frozen Bitcoin withdraws.

The gamble is whether or not they will ever allow, or are capable of allowing, Bitcoin withdraws again in the future.

If you want to gamble, go to a casino. If you want to buy a bitcoin, avoid Gox.

I apologize in advance if you heed this free advice and miss out on ridiculously cheap bitcoins if Gox reinstates Bitcoin withdraws again in the future.

I understand. If I ever hear that everything is fixed, I might jump on the occasion tho. Guess I will keep playing Poker Stars!

[induktor]

if you do, you are gonna get fucked!
be careful.
nobody gives anything for free
use your head, and be honest with yourself and you will know.

[lumierre]

Don't ever buy goxcoins. They moved their offices because THEY KNOW it will get ugly.

[Beliathon]

$160 isn't the price of a Bitcoin - it's the price of a promise from MtGox to pay you one. Many people doubt that MtGox will keep their promises, that's why the price is so discounted.

This. You CAN'T buy a bitcoin from mt. gox. They're not selling btc, they're selling lies.

[Holliday]

Hi everyone. I haven't got any bitcoins in my wallet and I think that this is a good opportunity to get some. As all of you guys know, mtgox has had some so called "problems" and that resulted in the price of bitcoins to go down. The average price of bitcoin is at 160$. I was wondering: if I buy some bitcoins off them, will I be able to get them automatically or I will be just another person who has lost his bitcoins?

No, you won't get them automatically. They have frozen Bitcoin withdraws.

The gamble is whether or not they will ever allow, or are capable of allowing, Bitcoin withdraws again in the future.

If you want to gamble, go to a casino. If you want to buy a bitcoin, avoid Gox.

I apologize in advance if you heed this free advice and miss out on ridiculously cheap bitcoins if Gox reinstates Bitcoin withdraws again in the future.

I understand. If I ever hear that everything is fixed, I might jump on the occasion tho. Guess I will keep playing Poker Stars!

If "everything is fixed", you won't be able to purchase the ridiculously cheap bitcoin IOUs anymore because they will be actually functioning IOUs instead of possibly-functioning-in-the-future IOUs. In fact, as far as I know, Gox still hasn't fixed their extensive problems with fiat withdraws, so it is likely that if they do reinstate Bitcoin withdraws, Gox bitcoin IOUs will again be more expensive than other exchange's bitcoin IOUs.

Savvy?

[casinocoin]

Hi everyone. I haven't got any bitcoins in my wallet and I think that this is a good opportunity to get some. As all of you guys know, mtgox has had some so called "problems" and that resulted in the price of bitcoins to go down. The average price of bitcoin is at 160$. I was wondering: if I buy some bitcoins off them, will I be able to get them automatically or I will be just another person who has lost his bitcoins?

No, you won't get them automatically. They have frozen Bitcoin withdraws.

The gamble is whether or not they will ever allow, or are capable of allowing, Bitcoin withdraws again in the future.

If you want to gamble, go to a casino. If you want to buy a bitcoin, avoid Gox.

I apologize in advance if you heed this free advice and miss out on ridiculously cheap bitcoins if Gox reinstates Bitcoin withdraws again in the future.

I understand. If I ever hear that everything is fixed, I might jump on the occasion tho. Guess I will keep playing Poker Stars!

Gambling is Gambling, Gox is either going to die or well die.. They have screwed them selves time and time again.
You can always pick up some Bitcoins as the price is quite cheap IMO
https://www.bitstamp.net/
btc-e.com

Cheers,

[minerpart]

They moved their offices because THEY KNOW it will get ugly.

True, they wouldn't go to the no-doubt significant effort of moving all their infrastructure unless they knew they couldn't sort this problem out. They have 2 decent guys demonstrating on the door - is that a reason to abandon your lease (that you still need to pay) and basically go into hiding? No.

Does anyone know where the old offices are that they have supposedly moved to? Has he moved back in with his parents?

[Doublelucky]

Anyone know if abd where I can buy mtgox bitcoins outside of mtgox? - obv taking the risk that I will never see them, but the price is too tempting
I think I read somewhere that this is an option? Or did I misread?

[gamersglory]

Why do I have a feeling that Gox is going to do it's own spinoff of BTC. Goxcoin? and make it closed source

[thresher]

I was honestly going to buy several coins form gox.  I know I fucking hate myself, but i'll take the gamble if it means I'll get compensation to offset the decrease in price per coin. The problem is they have that ten day shit for wire transfer so at that point I would have either missed the boat or been screwed anyways. 
Instead I used btc to buy some gox btc on bitcoinbuilder.  Probably got scammed there for all I know.
Best case scenario, gox gets the coins, gives me them, bitcoin goes back up, profit.
Middle scenario, Gox doesn't give coins, bitcoin goes back up after their demise, ill still be ok.
Worst case scenario, gox doesn't give coins, price continues to plummet, I lost anyways.
At least I aided a poor victim of gox by purchasing their coins.   
I just wouldn't risk everything (as in your entire coin budget) on it.

[ZooKeeper74]

Japan banks stopped dealing with Gox last Fall. When a bank refuses money, that should be your hint.

[staffnsnake]

I took a punt with BTC2.2. If I lose that then at current prices it's less than a day's work in fiat. If it goes up massively and I can't withdraw, then I'm screwed. If I can withdraw - at all, but better if it goes up - then I win. Just like an options contract but without the security of a contract. A gamble, but there it is.

[Avirunes]

Anyone know if abd where I can buy mtgox bitcoins outside of mtgox? - obv taking the risk that I will never see them, but the price is too tempting
I think I read somewhere that this is an option? Or did I misread?

Bitcoinbuilder.com , need to upload id though and its manual withdrawals

[innocent93]

I think they will finally recover the bitcoin withdraw , but at the same time they will do some restriction
Whatever MTGOX have lost his position and never able to get it back.

[davida]

We have all thought about it.... But I doubt many people want to put any substantial amounts of money into a company that could literally declare bankruptcy tomorrow and not pay you a damn penny.

[Blinken]

What if you threw one of your shoes into a wood chipper?

[MinerLT]

i bought few bitcoins from gox today still.. i think sooner or later withdrawals will be processed