Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
sturle
on 12/02/2014, 14:22:01 UTC
Any educated guess on when Gox will allow withdraw of BTCs again (assuming it will happen)?

are we talking about days, weeks or months?
I don't like making guesses, so I'll let you all interpret this for yourselves:

Quote from: MagicalTux in #mtgox
04:05 <@MagicalTux> [12:05:05] MagicalTux: would you consider a work around for manual bitcoin withdrawal if you can't get that consensus in a 'reasonable timeframe'   ie, the next week <- establishing a standard shouldn't take that long, but if indeed it takes longer we might just go on with the proposal we included in the announcement we did monday

Other news which may influence how you plan your BTC purchases when the BTC withdrawal floodgates open:
Quote from: SarahCoinBit in #mtgox
11:57 <@SarahCoinBit> Diabolicus_Work I've had more requests to cancel fiat withdrawals in the last two days than i have in the last two months
I.e: The amount of fiat on MtGox is increasing rapidly.

Think about this for a moment: If I made up a fake quote here where MagicalTux allegedly told me in private that MtGox would resume BTC withdrawals tomorrow morning, I could make a million by buying buckets of BTC on MtGox just before I posted it, and selling as soon as people start denouncing it as a fake.  Just by abusing your trust in me.  It will probably only work once, but that is all I need.  I can retire afterwards.  Always beware of market manipulation.  And note that my quotes above, which are correct, may be carefully selected and placed in a different context to manipulate the market.  Always be very critical to news and reports when you don't have the full story first hand, and take speculation for what it is: 100% made up, often for the purpose of manipulating the market.