I believe MtGox works somewhat like a Pyramid Scheme, so I'm really hoping some more losers keep sending funds to MtGox so i get my money

Has that blown out lately? When I deposited by wire a month or so ago the money was tradeable within three hours.

Inept support (Marcus) who have been saying for months they will upgrade their limits but they haven't which means they can't. Simple.
So basically any EU customer of MTGox is screwed....

Hi Thank you Funky Al
Just reading their websites, bit bargain do trade LTC and BTC and they appear to have answered my taxation issue  lol

Its just i read everyone uses OKPAY - hence why i joined them
I haven't paid them any cash yet, so i'll give bitbargain a go 

I'm somewhat concerend that a business account is required and not my account
Probably safer to open an alternate current account with a different bank? (If i'm allowed to!)

Cheers

Wedgy

No, has nothing to do with a Ponzi scheme. And yes, they relay on new customers.

Think about having a trading platform, and one customer gives you 10 BTC. He now can offer this BTC for any price, 500 Euro/BTC for example.

This will not matter as long as you do not find another customer, which gives you Euros. Without Euros no trade.

Two customers have an agreement about the price of one bitcoin, and if they agree they swap the currencies. This has no influence on the assets of the exchange platform, they earn the fees only. And they have to keep the deposits of the customers save and separated from their own assets.

Also found out their SEPA limit is only 60,000 euros!

Think a little more about it. You have a trading platform. Someone gives you 1000 Euro, anotherone 10 BTC. No trade yet.

Now the exchange rate is rising from 100 Euro/BTC to 500 Euro/BTC. Now a trade happens, 2 BTC for 500 Euro each.

There is also 1000 Euro and 10 BTC on your trading platform, as before, nothing really changed for the trading platform (but for the fee).

Offers are possible only for 1000 Euro. Your failure is the 2500 Euro, which does not exist for changing.

...Why are those impossible?  Many companies ask for notarized translations of foreign documents. 

You cannot notarize a document or ID... you can only notarize a SIGNATURE on a document. You must prove to the notary that you are the person named in the document and the notary must personally observe you sign... so..... it can't be done on a government issued ID that has been previously signed.

Trusted is notarized copy of ID with apostille and translation plus UtilityBill and some other stuff.  It is also described in very vague way - so you never know if you did all that is required, not to mention that somethings are impossible - like 'notarized translation' or adding 'notarized for MtGox verification' on the notarized copy of ID.

It's called VOTOS, a new kind of PR.


Yes, for as long as you don't try to take them out they're safe.

Otherwise, let me make it plain: All the big players have already left. MtGox is without marketplace support at all currently, it was running a fractional reserve, they *may* be able to bring outside capital to cure their shortfall. Maybe.

In general the slower they get leeched the more likely they are to a) be able to borrow money to make up for outbound payments and b) (erroneously) perceive their brand has a value that justifies this effort (or perhaps more importantly - be able to sell the "brand value" to gullible investors).

In short, MtGox currently is a game of musical chairs and what's being decided is how to split the loss pie between users and investors. Since the sort of retards that'd invest in something like MtGox aren't reading me anyway, the best strategy for users is to slowly get everything out. Too much too fast will likely choke them, too slow might mean you're one of the bagholders, asking about "the liquidation" in a year old thread a year from now, just like the Bitcoinica people. Proceed accordingly.

When you say verified - do you mean the 'Verified' level or the 'Trusted' level?

Still waiting in line to be verified. 

Get some Litecoins as Mt. Cox is going to start the exchange for them (Ride that bubble). Get some ASICMINER because the ticker will double before next year (Ride some of that bubble but keep some as ASICMINER is the deal here).

I am exactly like you. I even lost all coins I had prior to 2011 crash  (literally . I bounced back, Big time 

They want you to specify the limit you want.  You may have reasons for wanting the limit to be lower than the maximum allowed by MtGox for a verified account.

We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status.

If you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please reply back to this email with the below.

Wallet (BTC/USD/ETC):

New Daily Limit:

Wallet (USD/EUR/ETC):

New Monthly Limit:

We always do our best do process withdrawal requests on the same business day or on the next however this a bit harder to know in advance and can on a rare occasion require more time.

yeah good point, but Bitstamp's service is great... very professional.

They did recently change their bank account so I assume that's them keeping their eye on the ball - but I need to know before I keep trading there... all BTC are in wallet for now tucked away

Will look at Bitcoin.de thanks

Bitcoinity has humor. They post several funny gifs  when they feel like it. The first time I experienced it, I thought I had a virus!

I dig the Matrix analogy: Being the one as being able to see through the code, this sense of of insight you get once in a while where the numbers and experience converge and you know what the price will be in ten minutes, an hour and next week

Bitcoinity has various backgrounds/effects which are displayed based on triggers.  I haven't seen the Matrix one yet.  Something in the data (volume, price action, etc) must have triggered it.

There is no vulnerability or security flaw.  Maybe Bitcoinity should have a "? What just happened link" when those special effects occur.