Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
rpietila
on 09/02/2014, 22:44:41 UTC
I sent you PM several weeks ago asking what could be the best way to get money out of Gox.
Yes, you wrote "time is not critical".  I had two suggestions depending on how time critical it was.  If time was critical, I would have offered one more suggestion.  Then time suddenly got critical, or what triggered your IMHO irrational behaviour?  You will get your BTC, and you could have got your USD or EUR as well if time was not critical.  I hope you withdrew at least some via SEPA?

They played with me all this time compounding my losses (premium going up). Finally I was in the understanding that I can only withdraw EUR 10,000 per 20 days, which in reality is about 80,000 per year IF the situation does not get worse. Considering that it was constantly and rapidly getting worse (as evidenced by the premium to BS widening rapidly in 25-26), and in my evaluation 25% would trigger a full panic, I pre-empted at 23%. The panic came later same day.

Now, listen: The only thing that stopped Gox dollars from becoming worthless that day was the escalation of BTC withdrawal difficulties. As goxBTC becomes endangered also, their ratio can better be manipulated (both are at the mercy of the puppetmasters). I don't know which is the cause and which is the effect of these. But bank run followed.

Fuck you.