Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
sturle
on 27/01/2014, 10:21:03 UTC
The spread between Mt. Gox and the other exchanges is around 22% today.  This may be an all-time high. We've seen 20% a few times, but above 20% has been rare. The spread has been climbing slowly for weeks.  (Is this charted somewhere?  "bitcoincharts.com" doesn't chart it, but they're run by Mt. Gox.)
btw where's Sturle to calm everybody down?
I have decided to stop wasting time here, and let you all feed the panic instead.  It is much more profitable.  I managed more than 18% on my last round of arbitrage, all fees included.  I wonder if I'll be able to get 25% on the next.  Grin

Please keep panicing!  Never search for the true answers; make up your own!  Don't ever believe it is possible to withdraw anything!  Don't believe arbitrage is possible.  Please keep spreading rumours that MtGox are broke, etc.  I've never made this much money with no risk and almost no work!  I'm in my last week of full time employment.  From now on I will make a living out of the price difference between Panicstamp and MtGox, and my bot of course.  You guys!  I love you all for making this possible!

For all the other arbitragers who are making good money on spreading FUD here: I think you are a bit dishonest, and there is no need to.  The clueless people here are fully capable of creating a panic for themselves.

OK, I can't resist revealing some information about JPY withdrawals.  Last known processed is from January 5th.  Reason for the delay is 9 days of closed banks (Mizuho) and this:
Quote from: MagicalTux on #mtgox
07:19 <@MagicalTux> jpy withdrawal delays come from the fact there are more withdrawals than deposit, so we need to convert usd/etc to jpy, then send it to our japanese bank, which takes time and has limits much stricter than other transfer methods
The daily limit is 100 million JPY, btw.

For everything else there is not much new.  You will find the answers on previous pages in this thread.