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Showing 9 of 9 results by Maralinga
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Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
Maralinga
on 05/12/2013, 05:32:10 UTC
are they scammers - or just some problems?

That's anyone's guess right now.

(edit: My guess is no, they're not scammers.)

does mtgox have problems? YES
could they have dealt with those problems better? YES
does their comunication suxx? YES

are they scammers? ABSOLUTELY NO!

as far as i know, there hasn't been a single loss of customers BTCs or fiat. mtgox doesn't hide in the dark or operates more or less illigal like btc-e and bitstamp. i wouldn't trust btc-e at all! even bitstamp doesn't earn more trust, than a few coins, you can afford to lose!

the only really trustworthy exchanges i know are www.bitcoin.de and kraken. next in line is mtgox and after that nothing for a long distance! if you want to trust btc-e over mtgox, fine! but prepare to see the operators running with your money. nobody knows, who they are!


edit:

mtgox had and still has lots of serious troubles but they are still there and never took any money. most exchanges who are operating today never had any problems. those who did are gone. more often than not with their customers funds


Absolutely MT Gox are scammers:

They scammed me for 7 BTC in the commission they charge.  I sold BTC for USD on MtGox in May believing the statement on their web site at the time that  they could deliver the USD to my bank account in 'up to two weeks' .  After 3 months they still never paid me the USD. This is called defaulting on a trade.  All I got was excuses from the support desk.    Eventually I gave up and bought back the BTC on Mt Gox (they got comission again!) and transfer the BTC to another exchange that doesn't default on trades.  The round trip of selling the BTC and then buying it back again cost me approx 7 BTC in  commission (the trades were approx 700 BTC each direction).   Those 7 BTC are now worth $8,400.     They ripped me off for 7 BTC by telling lies about their ability to  deliver the USD I bought from them.  I had no money or BTC with them now.

The reason they don't tell you about their problems is they don't want to jeopardize the money they are making from suckers like me.  I despise Mt Gox. They are cheats and liars.     Try coinbase if you are in the US. 
Post
Topic
Board Service Discussion
Re: Coinbase feedback thread
by
Maralinga
on 25/10/2013, 05:02:25 UTC
I've done about 10 transactions totaling about 250 BTC over the last couple of weeks.  No problems at all. 
Post
Topic
Board Beginners & Help
Re: Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 25/10/2013, 01:13:21 UTC
Sorry for your loss. MtGox is a trap at the moment. Next time google some, read some bitcointalk.org and reddit.
thank you
Post
Topic
Board Beginners & Help
Re: Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 24/10/2013, 17:27:39 UTC
they should not they not allow people to withdraw

Agreed. I would go even further.  When people submited orders to buy USD / sell BTC they should have given a big warning that they cant actually deliver the USD to you.    The absence of this warning caused me to buy back the USD 9 weeks later (once I realized they weren't going to honor the trades) .  Their press releases misled me into believing they have solved their withdrawal problems after the 'brief hiatus' .  Had they been honest, I would never have done the original trade.  They owe me at least the commission and spread on the trades.
Post
Topic
Board Beginners & Help
Re: Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 24/10/2013, 13:46:27 UTC
No, you're complaining and that's wrong.
Don't blame Mt.Gox blame the government. This has been known for a while, and they aren't the top player for a long time..

Then your argument @ #9  is easily defeated because it is based on a straw man fallacy.  http://www.logicalfallacies.info/ambiguity/straw-man/.  - I near made the case you are arguing against.

#11 is similarly unconvincing because it commits the false dilemma fallacy.  It's not a choice of blaming one or the other.   http://www.logicalfallacies.info/presumption/false-dilemma/

I suggest that if you want to persuade people of your point of view, you avoid such logical fallacies.   
Post
Topic
Board Beginners & Help
Re: Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 24/10/2013, 05:03:32 UTC
simplicity or lack thereof is not an issue I raised. perhaps you have mixed up this thread with another one. 
Post
Topic
Board Beginners & Help
Re: Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 24/10/2013, 04:49:39 UTC
Why not withdraw in other currency?


Buy back into BTC, sell for EU, make an non-USD account and there we go.

That's the problem right there if you reread the original post - having to buy back the BTC.  Why go to the bother of opening up another bank account?  I just sold the BTC for USD on a different exchange.
Post
Topic
Board Beginners & Help
Re: Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 24/10/2013, 04:42:06 UTC
Why not withdraw in other currency?

Because I have a USD bank account.  I dont have a non-USD account to settle to.   If i wanted another currency I wouldn't have sold the BTC for USD   I would have sold it for a different currency.
Post
Topic
Board Beginners & Help
Topic OP
Should Mt Gox accept orders for BTC/USD trades
by
Maralinga
on 24/10/2013, 03:52:53 UTC
I got suckered d by Mt Gox even though I have a forex trading and banking background.   I sold BTC / bought USD on MtGox believing they would settle the trade and deliver USD.   I since learned they they can't honor the trade and deliver USD to me.  WHat the F&^k is the point of executing the trade if they can't settle it and deliver USD?    I had to cancel my USD wire transfer after 9 weeks of waiting and move the BTC to a different exchange.    I paid approx 0.5% comission to Mt Gox for each trade and got nothing for it.   I also lost money on the spread.

I think it's fraudulent for MtGox to offer BTC/USD trades knowing they can't settle the trade and deliver USD.    Having the USD in an account at MtGox is not satisfactory because it still means I'm exposed to settlement risk / default risk months after the trade was completed. 

Mt Gox should cease USD/BTC trading until they can actually settle the trades.   Of course they are making too much money from suckers like me to let people know they can't settle USD trades.  They should be honest about their ability to settle trades and stop feeding people this '2 week delay' BS.