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LegendaryActivity: 1444Merit: 1001https://bitmynt.no Re: MtGox withdrawal delays [Gathering] January 10, 2014, 02:14:55 PM #2721 Quote from: smoothie on January 10, 2014, 08:40:52 AM It is obvious that when he mentioned people selling coins "Cheap" he has the mindset that MTGOX is the center of the Bitcoin universe and everything else including other exchanges' prices should revolve around MTGOX's prices.

Coins have been cheap on MtGox as well on several occations, which means I have been able to buy cheaper on MtGox than on other exchanges. Cheap means at a much lower price than I am able to sell for. This is by no means a MtGox centric view of anyting. If I can buy coins cheap at MtGox, and sell at a profit on other exchanges, then MtGox users are selling the cheap coins. Coins have been cheap on MtGox as well on several occations, which means I have been able to buy cheaper on MtGox than on other exchanges. Cheap means at a much lower price than I am able to sell for. This is by no means a MtGox centric view of anyting. If I can buy coins cheap at MtGox, and sell at a profit on other exchanges, then MtGox users are selling the cheap coins.

I buy with EUR and other currencies at a fair market price when you want to sell. See

Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills. Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner. Trygt, billig, raskt og enkelt sidan 2010.I buy with EUR and other currencies at a fair market price when you want to sell. See http://bitmynt.no/eurprice.pl Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.

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LegendaryActivity: 1444Merit: 1001https://bitmynt.no Re: MtGox withdrawal delays [Gathering] January 10, 2014, 07:39:05 PM #2723 Quote from: joesmoe2012 on January 10, 2014, 06:37:26 PM it certainly is not 0 risk with MtGox. They have already had funds sized multiple times, don't think for a second it can't happen again!

That was in LOListan. Land of the constantly watched. Where MtGox is considered a serious threat to homeland security. For now MtGox only operate in civilized parts of the world. You may get your own funds seized if you are in the USSA, of course. They have laws there, but that's not something the government take seriously. That was in LOListan. Land of the constantly watched. Where MtGox is considered a serious threat to homeland security. For now MtGox only operate in civilized parts of the world. You may get your own funds seized if you are in the USSA, of course. They have laws there, but that's not something the government take seriously.

I buy with EUR and other currencies at a fair market price when you want to sell. See

Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills. Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner. Trygt, billig, raskt og enkelt sidan 2010.I buy with EUR and other currencies at a fair market price when you want to sell. See http://bitmynt.no/eurprice.pl Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.

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LegendaryActivity: 3318Merit: 1140 Re: MtGox withdrawal delays [Gathering] January 10, 2014, 07:55:58 PM #2724 Quote from: sturle on January 10, 2014, 07:39:05 PM Quote from: joesmoe2012 on January 10, 2014, 06:37:26 PM it certainly is not 0 risk with MtGox. They have already had funds sized multiple times, don't think for a second it can't happen again!

That was in LOListan. Land of the constantly watched. Where MtGox is considered a serious threat to homeland security. For now MtGox only operate in civilized parts of the world. You may get your own funds seized if you are in the USSA, of course. They have laws there, but that's not something the government take seriously.

That was in LOListan. Land of the constantly watched. Where MtGox is considered a serious threat to homeland security. For now MtGox only operate in civilized parts of the world. You may get your own funds seized if you are in the USSA, of course. They have laws there, but that's not something the government take seriously.

Japan is completely subjugated. When we say 'jump', they say 'how high?' (and say it in English.) We can station marines anywhere we like and they can go off-base and rape 12 year old girls an the Japanese can do nothing about it. Mt. Gox could be shut down, Mark sent to Gitmo, and all of their assets seized if we wished it so. Would take a matter of hours. Of course it would cost some political capital so it would have to be worth doing. But it's certainly possible that it would be worth doing in times of economic crisis.



Japan is completely subjugated. When we say 'jump', they say 'how high?' (and say it in English.) We can station marines anywhere we like and they can go off-base and rape 12 year old girls an the Japanese can do nothing about it. Mt. Gox could be shut down, Mark sent to Gitmo, and all of their assets seized if we wished it so. Would take a matter of hours. Of course it would cost some political capital so it would have to be worth doing. But it's certainly possible that it would be worth doing in times of economic crisis. sig spam anywhere and self-moderated threads on the pol&soc board are for losers.

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LegendaryActivity: 1444Merit: 1001https://bitmynt.no Re: MtGox withdrawal delays [Gathering] January 10, 2014, 09:03:24 PM #2726 Quote from: oyvinds on January 10, 2014, 08:20:28 PM And don't expect them to "return to glory" if they ever solved their "USD issues" (which they won't). mtgox fees are 2x what the rest of the exchanges offer. my guess is that the only reason people still use them is that they have their fiat hostage there and still don't want to take the hit when exiting.

Funny you mention fees. The volume on both BTC-E and Bitstamp grew just after MtGox announced reduced fees.



I've mentioned the advantages of MtGox many times. Those advantages have made it possible for me to turn 400 NOK into millions in less than two years. It couldn't have been done on any other exchange due to missing features. Don't forget Bitstamp and BTC-E are mostly gaining from panicing USSAnians. There have been multiple panics at Bitstamp and BTC-E calmed by arbitraging bots kicking off and making the price bounce when the difference got interesting. The panics and bounces add to their volume of course.



There are 39 million USD worth of bids at MtGox now. When you started calling them a clowncar exchange there were 12 millions in bids. Not a sign of a dying exchange, is it? Every business day about 1.1 million USD worth of fiat currencies leaves MtGox via bank transfers. MtGox would have been empty long ago unless people deposited even more. Funny you mention fees. The volume on both BTC-E and Bitstamp grew just after MtGox announced reduced fees.I've mentioned the advantages of MtGox many times. Those advantages have made it possible for me to turn 400 NOK into millions in less than two years. It couldn't have been done on any other exchange due to missing features. Don't forget Bitstamp and BTC-E are mostly gaining from panicing USSAnians. There have been multiple panics at Bitstamp and BTC-E calmed by arbitraging bots kicking off and making the price bounce when the difference got interesting. The panics and bounces add to their volume of course.There are 39 million USD worth of bids at MtGox now. When you started calling them a clowncar exchange there were 12 millions in bids. Not a sign of a dying exchange, is it? Every business day about 1.1 million USD worth of fiat currencies leaves MtGox via bank transfers. MtGox would have been empty long ago unless people deposited even more.

I buy with EUR and other currencies at a fair market price when you want to sell. See

Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills. Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner. Trygt, billig, raskt og enkelt sidan 2010.I buy with EUR and other currencies at a fair market price when you want to sell. See http://bitmynt.no/eurprice.pl Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.

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Hero MemberActivity: 868Merit: 501Ching-Chang;Ding-Dong Re: MtGox withdrawal delays [Gathering] January 10, 2014, 09:05:25 PM #2727 Quote from: sturle on January 10, 2014, 09:03:24 PM Quote from: oyvinds on January 10, 2014, 08:20:28 PM And don't expect them to "return to glory" if they ever solved their "USD issues" (which they won't). mtgox fees are 2x what the rest of the exchanges offer. my guess is that the only reason people still use them is that they have their fiat hostage there and still don't want to take the hit when exiting.

Funny you mention fees. The volume on both BTC-E and Bitstamp grew just after MtGox announced reduced fees.



I've mentioned the advantages of MtGox many times. Those advantages have made it possible for me to turn 400 NOK into millions in less than two years. It couldn't have been done on any other exchange due to missing features. Don't forget Bitstamp and BTC-E are mostly gaining from panicing USSAnians. There have been multiple panics at Bitstamp and BTC-E calmed by arbitraging bots kicking off and making the price bounce when the difference got interesting. The panics and bounces add to their volume of course.



There are 39 million USD worth of bids at MtGox now. When you started calling them a clowncar exchange there were 12 millions in bids. Not a sign of a dying exchange, is it? Every business day about 1.1 million USD worth of fiat currencies leaves MtGox via bank transfers. MtGox would have been empty long ago unless people deposited even more.

Funny you mention fees. The volume on both BTC-E and Bitstamp grew just after MtGox announced reduced fees.I've mentioned the advantages of MtGox many times. Those advantages have made it possible for me to turn 400 NOK into millions in less than two years. It couldn't have been done on any other exchange due to missing features. Don't forget Bitstamp and BTC-E are mostly gaining from panicing USSAnians. There have been multiple panics at Bitstamp and BTC-E calmed by arbitraging bots kicking off and making the price bounce when the difference got interesting. The panics and bounces add to their volume of course.There are 39 million USD worth of bids at MtGox now. When you started calling them a clowncar exchange there were 12 millions in bids. Not a sign of a dying exchange, is it? Every business day about 1.1 million USD worth of fiat currencies leaves MtGox via bank transfers. MtGox would have been empty long ago unless people deposited even more.

Glad to see your still here fighting hard for gox



And congratulations on your profits.

Glad to see your still here fighting hard for goxAnd congratulations on your profits. http://denverbitcoincenter.com :: http://cryptocrypt.org ::

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LegendaryActivity: 1444Merit: 1001https://bitmynt.no Re: MtGox withdrawal delays [Gathering] January 10, 2014, 11:16:31 PM #2728 Quote from: joesmoe2012 on January 10, 2014, 09:05:25 PM

Glad to see your still here fighting hard for gox



Quote And congratulations on your profits.

Thanks. I think everyone who follow this thread understand the situation by now, so why don't you go ahead and profit from it instead of complaining? It doesn't require a genius to understand how, and it is almost free of any risk. You don't need a Japanese bank account or the possibility of making fiat withdrawals. It is so easy you could do it by hand, and when you get tired of that, you will write a bot to do the tedious work. It is more accurate as well. Of course it is possible to avoid making money by staying away from certain exchanges, and I really don't understand why some people seem to be vigorously opposed to making a profit. (I must admit to staying completely away from BTC-E myself, but that's mostly because I don't trust my money, and especially not bitcoin, to people hiding their identity.)



The bot I wrote in two hours makes much more money than I do in my normal day job, so I am quitting my day job next month. I have ideas for a few more advanced bots using some of the same algorithms in other ways, but mostly I will try to make a living out of my exchange operations. That would require more time than I have when working full time in a normal job. Never tired of fighting FUD spreading.Thanks. I think everyone who follow this thread understand the situation by now, so why don't you go ahead and profit from it instead of complaining? It doesn't require a genius to understand how, and it is almost free of any risk. You don't need a Japanese bank account or the possibility of making fiat withdrawals. It is so easy you could do it by hand, and when you get tired of that, you will write a bot to do the tedious work. It is more accurate as well. Of course it is possible to avoid making money by staying away from certain exchanges, and I really don't understand why some people seem to be vigorously opposed to making a profit. (I must admit to staying completely away from BTC-E myself, but that's mostly because I don't trust my money, and especially not bitcoin, to people hiding their identity.)The bot I wrote in two hours makes much more money than I do in my normal day job, so I am quitting my day job next month. I have ideas for a few more advanced bots using some of the same algorithms in other ways, but mostly I will try to make a living out of my exchange operations. That would require more time than I have when working full time in a normal job.

I buy with EUR and other currencies at a fair market price when you want to sell. See

Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills. Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner. Trygt, billig, raskt og enkelt sidan 2010.I buy with EUR and other currencies at a fair market price when you want to sell. See http://bitmynt.no/eurprice.pl Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.

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LegendaryActivity: 3318Merit: 1140 Re: MtGox withdrawal delays [Gathering] January 11, 2014, 03:50:45 AM #2729 Quote from: sturle on January 10, 2014, 11:16:31 PM

... Of course it is possible to avoid making money by staying away from certain exchanges, and I really don't understand why some people seem to be vigorously opposed to making a profit. (I must admit to staying completely away from BTC-E myself, but that's mostly because I don't trust my money, and especially not bitcoin, to people hiding their identity.)

...



Last I remember Bitstamp was also in the same basic category. It kept me away from both (as did the stunt of locking up peoples' BTC after posting a 'warning' on Facebook.)



Have things changed? Is there now an actual name behind Bitstamp (and/or whatever the U.K. based shell company thingy is?)



The main thing which would give me some confidence that it is within realistic expectation that the Bitstamp crew could be hunted down is that Coinbase apparently uses them. They've probably got enough muscle to get at least their own asses made whole if Bitstamp choose to make the 'run like hell' play.



Last I remember Bitstamp was also in the same basic category. It kept me away from both (as did the stunt of locking up peoples' BTC after posting a 'warning' on.)Have things changed? Is there now an actual name behind Bitstamp (and/or whatever the U.K. based shell company thingy is?)The main thing which would give me some confidence that it is within realistic expectation that the Bitstamp crew could be hunted down is that Coinbase apparently uses them. They've probably got enough muscle to get at least their own asses made whole if Bitstamp choose to make the 'run like hell' play. sig spam anywhere and self-moderated threads on the pol&soc board are for losers.

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LegendaryActivity: 1625Merit: 1002 Re: MtGox withdrawal delays [Gathering] January 11, 2014, 10:05:08 AM #2731



1. Make right my lost wire transfer confirmed received by their bank yet still lost in limbo since Nov 4th.

2. Improve their built in trading options

3. Improve withdrawal options

4. Create some communication or remove the glowing cloud of creepiness that I feel is enveloping the company.



I do appreciate their volume, However, I am not a programmer and cannot write my own bots. So I am left to my own devices and miss out on buying and selling opportunities constantly. Also, I cannot withdraw my funds unless I transfer with BTC.



With my money stuck in never never land and my natural distrust of any organization that controls my Bitcoin stash, I have chosen to go elsewhere with my trading. In general though, I don't think we see 2014 come and go without a major exchange disappearing.



However, If anyone wants to sell me their trading bot, I would be willing to purchase with Bitcoin I am completely out of Gox until they:1. Make right my lost wire transfer confirmed received by their bank yet still lost in limbo since Nov 4th.2. Improve their built in trading options3. Improve withdrawal options4. Create some communication or remove the glowing cloud of creepiness that I feel is enveloping the company.I do appreciate their volume, However, I am not a programmer and cannot write my own bots. So I am left to my own devices and miss out on buying and selling opportunities constantly. Also, I cannot withdraw my funds unless I transfer with BTC.With my money stuck in never never land and my natural distrust of any organization that controls my Bitcoin stash, I have chosen to go elsewhere with my trading. In general though, I don't think we see 2014 come and go without a major exchange disappearing.However, If anyone wants to sell me their trading bot, I would be willing to purchase with Bitcoin Those who hold and those who are without property have ever formed distinct interests in society

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Sr. MemberActivity: 454Merit: 250Technology and Women. Amazing. Re: MtGox withdrawal delays [Gathering] January 11, 2014, 11:24:16 AM #2733 not a single business in the financial services industry should ever, ever take 3+ months to complete a wire transfer.

this should be seen as unacceptable, and a display of incompetence on behalf of mtgox. either hire more people (you can afford it, making 0.6% commission on every trade), or leave the market.

the market you're trying to serve would ultimately be better off without your amateurish operation as a member.

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LegendaryActivity: 1316Merit: 1003 Re: MtGox withdrawal delays [Gathering] January 12, 2014, 06:17:15 AM #2734 http://www.coindesk.com/following-the-money-bitcoin-black-market-purchases-anonymous/

@sturle

Will you and your buddies at Gox disclose/have disclosed personal data to US authorities although you are in no way obliged to? @sturleWill you and your buddies at Gox disclose/have disclosed personal data to US authorities although you are in no way obliged to?

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LegendaryActivity: 3318Merit: 1140 Re: MtGox withdrawal delays [Gathering] January 12, 2014, 06:58:10 AM #2735 Quote from: bernard75 on January 12, 2014, 06:17:15 AM http://www.coindesk.com/following-the-money-bitcoin-black-market-purchases-anonymous/

@sturle

Will you and your buddies at Gox disclose/have disclosed personal data to US authorities although you are in no way obliged to?

@sturleWill you and your buddies at Gox disclose/have disclosed personal data to US authorities although you are in no way obliged to?

The U.S. govt has $5M that used to belong to Mt. Gox, and could put their hands on another $5M that Vessenes suckered Mark out of (unless he's blown it.) My guess is the answer would be 'yup!'



The U.S. govt has $5M that used to belong to Mt. Gox, and could put their hands on another $5M that Vessenes suckered Mark out of (unless he's blown it.) My guess is the answer would be 'yup!' sig spam anywhere and self-moderated threads on the pol&soc board are for losers.

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MemberActivity: 111Merit: 12 Re: MtGox withdrawal delays [Gathering] January 12, 2014, 08:48:54 AM #2736 Quote from: SimonG on January 11, 2014, 10:20:00 AM How long is average time for sepa tranfser?



It really depends on a number of factors: amount, how many transfers there are, etc.



To give you an idea, here is my recent SEPA history:

- okt 21, received nov 26

- nov 9, received dec 17

- nov 16, received jan 8

- nov 19, not yet received



So the general rule of 6 weeks (mentioned on the website) is not really followed. some are faster, some are slower...



I also made a BTC withdraw in januari and that was near instantaneous (5 seconds or so) It really depends on a number of factors: amount, how many transfers there are, etc.To give you an idea, here is my recent SEPA history:- okt 21, received nov 26- nov 9, received dec 17- nov 16, received jan 8- nov 19, not yet receivedSo the general rule of 6 weeks (mentioned on the website) is not really followed. some are faster, some are slower...I also made a BTC withdraw in januari and that was near instantaneous (5 seconds or so)

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LegendaryActivity: 1444Merit: 1001https://bitmynt.no Re: MtGox withdrawal delays [Gathering] January 12, 2014, 08:55:55 PM #2737 Quote from: smoothie on January 11, 2014, 09:31:25 AM So because it operate "legally" in Japan it means that it isn't or hasn't violated any other international laws related to the U.S.? lol

Yes, lol. There are no international laws. There are a few international conventions which multiple countries are signatories to. Like the Bern convention and Geneva convention. Signatory countries must implement the agreements into their own laws.



Quote Yes it makes me laugh that you would insinuate that legally operating in a country proves that the business (which operates internationally) is in fact within the laws of other countries.

It doesn't matter. The USSA has jo juridistiction there. I am braking US funny-laws every day, as often as I can. It doesn't matter. No DHS "special investigator" can do anything as long as I am outside of LOListan. Mutum Sigillum is a US company with their funds in the USSA, which is the only reason the "special" kids at the DHS could steal their money. Yes, lol. There are no international laws. There are a few international conventions which multiple countries are signatories to. Like the Bern convention and Geneva convention. Signatory countries must implement the agreements into their own laws.It doesn't matter. The USSA has jo juridistiction there. I am braking US funny-laws every day, as often as I can. It doesn't matter. No DHS "special investigator" can do anything as long as I am outside of LOListan. Mutum Sigillum is a US company with their funds in the USSA, which is the only reason the "special" kids at the DHS could steal their money.

I buy with EUR and other currencies at a fair market price when you want to sell. See

Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills. Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner. Trygt, billig, raskt og enkelt sidan 2010.I buy with EUR and other currencies at a fair market price when you want to sell. See http://bitmynt.no/eurprice.pl Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.