Post
Topic
Board Bitcoin Discussion
Re: MtGox daily withdrawal $250 in BTC but $1000 in cash - RIDICULOUS!
by
molecular
on 22/11/2011, 11:39:35 UTC
It says quite a lot about the amateurism of Bitcoin that the largest (and essentially only real) exchange has such tiny withdrawal limits.  Any business that does more than $1000/day in gross sales has yet another disincentive to try out Bitcoin, since their money will be essentially held hostage by the exchange for fear of crashing the price.  And if another 30% dip in value occurs while you're trying to cash out, well, tough titties.



You can exchange as much as you like, just not withdraw. So your objection of the price taking a dip is BS.

You can surely talk to MagicalTux about raising your individual limits.