Bitcointalk Mobile Browser presented by IRLBTC™

August 30, 2013, 11:36:47 AM

#1161

Yes, MtGox is collapsing now.

Mushoz

Hero Member

Offline

Activity: 686
Merit: 500

Bitbuy

Quote from: Vezunchik on August 30, 2013, 11:27:36 AM

August 30, 2013, 11:37:13 AM

#1162

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!

bliljerk101

Member

Offline

Activity: 90
Merit: 10

Quote from: Vezunchik on August 30, 2013, 11:27:36 AM

August 30, 2013, 11:40:49 AM

#1163

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

I withdrew BTC a few hours ago... It seemed very fast and reliable. Are you sure?

Vezunchik

Sr. Member

Offline

Activity: 420
Merit: 250

bitcoin is an expression of freedom.

August 30, 2013, 11:42:24 AM

#1164

Yes

Quote from: Vezunchik on August 30, 2013, 11:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

Vezunchik

Sr. Member

Offline

Activity: 420
Merit: 250

bitcoin is an expression of freedom.

Quote from: bliljerk101 on August 30, 2013, 11:40:49 AM

August 30, 2013, 11:45:02 AM

#1165

As usual for Ponzy-like schemes. Bahhhh and and it fails. And a few minutes ago everything was excellent...

Quote from: Vezunchik on August 30, 2013, 11:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

I withdrew BTC a few hours ago... It seemed very fast and reliable. Are you sure?

solex

Legendary

Offline

Activity: 1078
Merit: 1007

100 satoshis -> ISO code

August 30, 2013, 11:45:41 AM

#1166

I withdrew BTC a few minutes ago and they went fine to a webwallet within seconds.

Please help fund projects to advance Bitcoin:
P2Pool decentralized mining at 1KxvX5Hx8nh36ig2gT5bpeEcqLQcwJsZGB
rocks: Changing the supply limit fundamentally destroys bitcoin, but increasing the blocksize limit is absolutely needed to make it successful.

Mushoz

Hero Member

Offline

Activity: 686
Merit: 500

Bitbuy

Quote from: bliljerk101 on August 30, 2013, 11:40:49 AM

August 30, 2013, 11:46:26 AM

#1167

Quote from: Vezunchik on August 30, 2013, 11:27:36 AM

Now I can't withdraw even BTC! Watch out - this can be not simple site malfunctioning! May be MtGox started it's collapse. (Details here).

Are you getting an "Invalid bitcoin address, please confirm your input" error as well?

I withdrew BTC a few hours ago... It seemed very fast and reliable. Are you sure?

Yesterday, my withdrawals were fine. Today, not so much. Not sure what is going on. Probably a bug on their end. I've already submitted a ticket, but haven't received a reply yet.

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!

bliljerk101

Member

Offline

Activity: 90
Merit: 10

Quote from: Vezunchik on August 30, 2013, 11:42:24 AM

August 30, 2013, 11:47:20 AM

#1168

Yes

Quote from: Vezunchik on August 30, 2013, 11:45:02 AM

As usual for Ponzy-like schemes. Bahhhh and and it fails. And a few minutes ago everything was excellent...

Even if you both are currently getting errors, I think it's far too early to call this a collapse. I have a lot of experience with Japanese software and Japanese developers.. I am not trying to be discriminatory (I love the Japanese), but Japanese software, especially in terms of UI, is generally trash. It never functions properly and it's always a mess... A mess in the coding and a mess in the UI. I would not be surprised if this is just a bug caused by incompetent developer(s).

Mushoz

Hero Member

Offline

Activity: 686
Merit: 500

Bitbuy

Quote from: bliljerk101 on August 30, 2013, 11:47:20 AM

August 30, 2013, 11:48:52 AM

#1169

Quote from: Vezunchik on August 30, 2013, 11:42:24 AM

Yes

Quote from: Vezunchik on August 30, 2013, 11:45:02 AM

As usual for Ponzy-like schemes. Bahhhh and and it fails. And a few minutes ago everything was excellent...

Yeah, I don't believe the collapse story he's telling. Probably a bug. An annoying one at that though.

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!

lebing

Legendary

Offline

Activity: 1288
Merit: 1002

Enabling the maximal migration

Quote from: Vezunchik on August 30, 2013, 11:36:47 AM

August 30, 2013, 12:10:31 PM

#1170

Yes, MtGox is collapsing now.

Not sure if serious or not

" August 26, 2011"

Bro, do you even blockchain?
-E Voorhees

ibox

Newbie

Offline

Activity: 32
Merit: 0

Quote from: Mushoz on August 30, 2013, 11:48:52 AM

August 30, 2013, 12:58:05 PM

#1171

Quote from: bliljerk101 on August 30, 2013, 11:47:20 AM

Quote from: Vezunchik on August 30, 2013, 11:42:24 AM

Yes

Quote from: Vezunchik on August 30, 2013, 11:45:02 AM

As usual for Ponzy-like schemes. Bahhhh and and it fails. And a few minutes ago everything was excellent...

Yeah, I don't believe the collapse story he's telling. Probably a bug. An annoying one at that though.

+1
I admit that I don't like them that much but I think it's a little bit too soon to call this a collapse... At least not with this facts =)

sturle

Legendary

Offline

Activity: 1437
Merit: 1002

https://bitmynt.no

Quote from: FreeTrade on August 30, 2013, 09:39:50 AM

August 30, 2013, 01:41:35 PM

#1172

Quote from: sturle on August 27, 2013, 07:13:17 PM

You should cancel it and withdraw EUR via SEPA instead. You will have your money in less than a week.

Well I tried to do this. MtGox told me I should cancel the transfer, buy Bitcoins on their exchange (at the 10% markup, and commission), then sell on their exchange for Euro (another MtGox commission) and try to do a SEPA withdraw.

10% markup? You have misunderstood something. If you buy BTC and sell BTC on MtGox, you get MtGox price both times. MtGox price is still good market price as well many places. I sell at MtGox ask + a margin everywhere (#bitcoin-otc, Localbitcoins, etc), and have no problems selling a that price.

Quote

Now I understand a company can have problems, and those problems might very well be caused by someone else . . but their reaction to it is to try to push those losses on their customers, and profit from it through additional commissions. It wouldn't surprise me if MtGox was doing arbitrage on their own exchange. Pretty shabby behaviour.

You can wait for the USD withdrawal to come through if you wish. It is probably going to take at least two or three weeks.

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.

sturle

Legendary

Offline

Activity: 1437
Merit: 1002

https://bitmynt.no

Quote from: joesmoe2012 on August 30, 2013, 08:15:58 AM

August 30, 2013, 01:52:23 PM

#1173

Still waiting from June 17th from my USD withdraw.

You have got at least one withdrawal already, right? If the international withdrawal queue works like the SEPA queue, you are moved to the back of the queue when one withdrawal has gone through. I.e. your new place in the queue is the date when you received your last withdrawal from MtGox. MtGox are limited to 10 international transfers per day. If the didn't do this, a people could easily do a denial of service attack against the rest of their customers by making many withdrawals instead of one.

sturle

Legendary

Offline

Activity: 1437
Merit: 1002

https://bitmynt.no

Quote from: FreeTrade on August 30, 2013, 09:58:08 AM

August 30, 2013, 02:08:01 PM

#1174

Quote from: bliljerk101 on August 30, 2013, 09:52:09 AM

Is it possible to divide withdrawals into multiple smaller chunks less than $10k? That is what I was hoping to do ever since I read their FAQ...

I wouldn't believe anything they tell you. As far I can see, they're trying to get USD holders to take a 10% writedown to compensate MtGox for the funds they had confiscated by the US.

Can you document this? Of course not. You made it up.

Quote

They might well be blacklisted from doing any trades in USD - maybe because of of money laundering considerations, or maybe because of US trade protectionism (favouring US exchanges).

And maybe MtGox is an alien, and a time-space disturbancy caused by an angry wormhole caused SWIFT transfers to be distorted! Perhaps one could launch a contest. Make up the silliest stories around something which there is a very good and plausible official explanation for.

Quote

Anyway, I'm not sure there is a 'queue' at all . . . maybe just a pool of dummies like you and me who haven't accepted the 10% writedown yet.

If you take a 10% writedown you are being incredibly stupid, yes. I'll agree to that. Even MtGox offer express manual withdrawal at a 5% bank fee. (This is a bank fee, not a MtGox fee.)

ibox

Newbie

Offline

Activity: 32
Merit: 0

August 30, 2013, 02:14:02 PM

#1175

How is it possible to ask for an Express withdrawal (with fee at 5%)?
Is it available for SEPA?

bliljerk101

Member

Offline

Activity: 90
Merit: 10

August 30, 2013, 02:26:07 PM

#1176

Sturle, you seem to have some strong opinions in opposition. I have not used Gox yet, so I am really looking for some good advice. My intention is to begin using them as soon as my account is verified.

Have you withdrawn in the past several weeks? Do you believe in their service? Any advice or light you can shine on this would be tremendously appreciated.

bliljerk101

Member

Offline

Activity: 90
Merit: 10

Quote from: bliljerk101 on August 30, 2013, 02:26:07 PM

August 30, 2013, 02:35:52 PM

#1177

Or rather I should say... I have not withdrawn fiat currency from Gox yet.. I cannot until my account is approved, but I have indeed deposited bitcoins and made trades already.

FreeTrade

Legendary

Offline

Activity: 1470
Merit: 1030

August 30, 2013, 02:46:23 PM

#1178

Quote from: FreeTrade on August 30, 2013, 09:58:08 AM

I wouldn't believe anything they tell you. As far I can see, they're trying to get USD holders to take a 10% writedown to compensate MtGox for the funds they had confiscated by the US.

Can you document this? Of course not. You made it up.

Nope. That's why it is stated as opinion, not fact. ("As far I can see")

No need to get hostile. I appreciate the information you're providing, I just have my own opinion about what's going on based on my dealings with MtGox, and you are certainly entitled to your own . . . . reality.

And maybe MtGox is an alien, and a time-space disturbancy caused by an angry wormhole caused SWIFT transfers to be distorted!

I don't think that really fits the observed behavior of MtGox.

Even MtGox offer express manual withdrawal at a 5% bank fee. (This is a bank fee, not a MtGox fee.)

Hmm, a discount to only a 5% writedown fee. I'll take that. Can you document this? (As you've stated this as a fact)

RepNet is a reputational social network blockchain for uncensored Twitter/Reddit style discussion. 10% Interest On All Balances. 100% Distributed to Users and Developers.

bliljerk101

Member

Offline

Activity: 90
Merit: 10

August 30, 2013, 02:51:13 PM

#1179

Hahaha

Vezunchik

Sr. Member

Offline

Activity: 420
Merit: 250

bitcoin is an expression of freedom.