Post
Topic
Board Beginners & Help
Re: MtGox is about to run out of bitcoins.
by
lordgerson
on 18/08/2013, 08:09:21 UTC
I think that's the point.  there is no problem moving coins in and out.  but getting usd fiat out seems to be a nightmare.

I have several thousand usd that's been sitting in the queue for two weeks now.

should I sit and wait,  cancel it and send coins out,  or change to another currency?


some Ppl have murmured that non usd is faster but I haven't talked to anyone with concrete experience in recent weeks..  any thoughts?

thanks

I have several thousand in AUD sitting in the wire queue to Australia. It has been there for 6 weeks. So it is not just USD. I can tell you AUD wire from Gox is also stuffed. Gox have been saying it will come soon soon soon, but I no longer believe them. So much so that I have written that money off for tax purposes. I even asked them to cancel the wire, but they have not done so. I am pulling out of gox in BTC, keeping some, and selling some on the couple of places in Aus that allow me to buy/sell BTC (coinjar and bitcoinlocal are favs). Still it is a 5% to 10% loss on the value of the trade price of gox - but what else can you do.