Post
Topic
Board Beginners & Help
Re: MtGox is about to run out of bitcoins.
by
zeroblock
on 19/08/2013, 11:28:51 UTC
I'm with you.

I cancelled my withdrawal worth a support ticket.

only took 10 minutes to their credit.

I then bought coins and got them out immediately.

13 percent loss is far preferable to the counterparty risk  in my case.  others may have a different risk appetite.

it must be soul destroying for the gox team to watch their business disintegrate. if your business is coin and fiat exchange and you can't settle fiat..  you don't have a business.



On the soul destroying : yes agree, I am fearfull that they will fail, but I really do not want them to. I have enjoyed trading with them over the last year or so - there support team has been pretty good. I would go back if they manage to sort this out.

Interesting that they allowed you to cancel your withdrawl, they told me that my money had been sent and was in transit - and could no longer cancel it. That was early last week. I may try again come monday.


I am sorry to break this news, but if Gox won't let you cancel your wire, that means that your funds were seized.