I hope that's not true. People can mock & humiliate Mark as much as they want, it's a natural response of frustration. But death threats is a whole new level. IF Mark gets beaten, or worse, now THAT would be bad news to the community.
bitcoins represent money. People all over the world get death threats or even worse, seriously injured or killed over money.
Why would Karpeles or bitcoin be any different? Especially since we are talking about large sums of money.
Would you want coins at dirt cheap prices, knowing you got them under far less then fair, transparent market conditions?
The insiders are making a killing. Question is, are they sleeping soundly at night?
It depends on what your definition of insider is. I have a modest sum of fiat on gox. They have fought me tooth and nail as far as withdrawing it goes. With the recent price drop, I figured what the hell, lets split the balance between fiat and gox coin and hope i can get one of them off asap. I am certainly not sleeping well at night, because I basically got screwed.
You're actually in a great position if you have fiat on gox. Buy the cheap coins and sell them to one of the traders on https://bitcointalk.org/index.php?topic=455243.0 for real BTC which you can then sell for four times the price that you paid on gox.
I'd like to thank Josh Jones of bitcoinbuilder.com for allowing my trapped GOX BTC to escape. He did this really fast. Like a few days of programming.
And then why he ask me for my ID photo, ect for my goxed BTC i bought??
This is a disgrace!
I thought Josh had some fiat business experience and so should have known beforehand that he might have regulatory issues for providing the service for a fee. He's not a kid.
The fact is that many of us live in parts of the world where we have no such issues and can freely transfer bitcoins.
I wonder which is more valuable right now? joshBTC or goxBTC?
It seems the best way to exchange goxxed BTC for BTC is to do it directly rather than using a third party. That's what I did last week.
Give the man some slack, he did build it very fast and even has his real name and linkedIn account mentioned on the site. I have a few trusted contacts I'm willing to go first with in a exchange of coins, which is what I prefer. But for others, I'd rather use a service like the one Josh is offering.
Give him slack for taking bitcoins and not returning them as promised?
I'm sure he had good intentions, but for a presumably successful person he should have known better.
I'd like to thank Josh Jones of bitcoinbuilder.com for allowing my trapped GOX BTC to escape. He did this really fast. Like a few days of programming.
And then why he ask me for my ID photo, ect for my goxed BTC i bought??
This is a disgrace!
I thought Josh had some fiat business experience and so should have known beforehand that he might have regulatory issues for providing the service for a fee. He's not a kid.
The fact is that many of us live in parts of the world where we have no such issues and can freely transfer bitcoins.
I wonder which is more valuable right now? joshBTC or goxBTC?
It seems the best way to exchange goxxed BTC for BTC is to do it directly rather than using a third party. That's what I did last week.
Personally I think that GoxBtC are worth around 25%-30% right now
Wow, you're really pessimistic.
But you raise a good point. I do agree that it's quite likely that lots of coins were stolen from Mt.Gox because of their buggy software, as why else are they continuing to suspend withdrawals after they have identified the problem? The question is how much? They would have made enormous profits during the last year and so hopefully they made enough to cover their losses.
I wouldn't sell my goxxed coins at 30% and I think I would buy more at 50%. Paying more than that right now seems rather risky though.
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Topic OP
Are bitcoins on Mt.Gox worth 70% of bitcoins elsewhere? Or 60%?
by
kawkaw2013
on 11/02/2014, 09:21:01 UTC
It is currently possible to instantly move bitcoins between Mt.Gox accounts.
There is an active market for exchanging bitcoins in Mt.Gox accounts with bitcoins outside Mt.Gox. Thousands of coins have changed hands.
I'm wondering what the fair exchange rate woudld be?
The current USD price on Bitstamp of $715 is 22% more than the current Mt.Gox price of $585.
But given that it might take a long time for Mt.Gox to resume bitcoin withdrawals, people who want their bitcoins out of Mt.Gox right now should pay more for the privilege. What's this worth? 5%, 10%?
And there's also the risk that Mt.Gox will never pay out the bitcoins due to insolvency. I guess I am contrary, and am still optimistic about Mt.Gox, and so I'll assign just 5% to this risk.
Adding these up says that bitcoins elsewhere are worth 32% to 37% more than on Mt.Gox.
Am I thinking about this correctly? Have I missed something?
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BoardSpeculation
Re: the state of gox -this is going on on mtgox right now
by
kawkaw2013
on 09/02/2014, 06:36:06 UTC
I'm hopeful that MtGox will sort out their problems, but I don't know whether it will be days, weeks or months before they can honour everyone's bitcoin withdrawals.
BTC on MtGox are only worth 3/4 of BTC elsewhere right now, and the trend seems to be that it will drop more.
I did it with someone else on MtGox a few hours ago and it only took seconds for the coins to be transferred from one account to the other.
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BoardService Discussion
Re: Anyone else having trouble getting BTC out of Bitstamp?
by
kawkaw2013
on 09/02/2014, 01:16:20 UTC
I had to wait 4-5 hours for three bitcoin withdrawals to be processed by Bitstamp after I confirmed the email. Then I made another withdrawal and it was nearly instant.
Frustrating as I needed them in a hurry.
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BoardCurrency exchange
Re: MTGOX <-> BTC BID/ASK
by
kawkaw2013
on 08/02/2014, 22:45:10 UTC
I will take 0.8 real BTC for my goxBTC, or perhaps 0.75 real BTC if you go first depending on the amount.
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BoardGroup buys
Re: [OPEN] Diversified Group Buy [KNC/BitFury/VMC/HashFast] [Maybe:Cointerra]
by
kawkaw2013
on 24/08/2013, 20:16:38 UTC
WARNING: The previous post by RogerStrauss is a scam. He deliberately changed the bitcoin address. Please delete the post to protect investors.
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BoardService Discussion
Re: Is the Gox panic buying bubble about to burst?
by
kawkaw2013
on 20/08/2013, 13:14:00 UTC
Perhaps the panic bubble didn't suddenly burst, but it sure looks like it is deflating. May the last one out please close the door?
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BoardService Discussion
Topic OP
Mt.Gox emergency withdrawal
by
kawkaw2013
on 20/08/2013, 13:06:43 UTC
Hi
I have seen mention on these forums in the last days that Mt.Gox allows emergency SWIFT withdrawals.
How do these work?
Who is entitled to them?
How do you request them?
How long do they take?
How much do they cost?
Cheers
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BoardService Announcements
Re: New service for the bitcoin community (Bitcoin to cash with zero fees)
I would like to take this time to announce that Bitcoin-Brokers has now opened the service to residents of Canada. If you bank at any of the top banks in Canada, Bitcoin-Brokers will now list your bitcoins for sale on our site for free.
Canadian sellers of bitcoins will receive cash payments for their bitcoins deposited directly into their personal Canadian bank account.
This might interest someone I know in Canada with lots of coins to sell. Roughly how much could he sell each week at Mt.Gox prices? It has to be worth his while. He is not a small fish.
I read in your arbitrage thread that you had an over supply of buyers. Is this still the case?
The Canadian side of the business isn't anywhere near as busy as the US side.
If you are a Canadian resident, and have btc for sale, then they will sell, but not in the volumes which is sold on the US side.
But can you give an indication of how many btc per week to expect? 10, 100, 1000?
Yes, he is a Canadian resident with bank accounts etc. He'll pay taxes.
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Topic
BoardService Announcements
Re: New service for the bitcoin community (Bitcoin to cash with zero fees)
I would like to take this time to announce that Bitcoin-Brokers has now opened the service to residents of Canada. If you bank at any of the top banks in Canada, Bitcoin-Brokers will now list your bitcoins for sale on our site for free.
Canadian sellers of bitcoins will receive cash payments for their bitcoins deposited directly into their personal Canadian bank account.
This might interest someone I know in Canada with lots of coins to sell. Roughly how much could he sell each week at Mt.Gox prices? It has to be worth his while. He is not a small fish.
I read in your arbitrage thread that you had an over supply of buyers. Is this still the case?
I'd say that not only should the button go away, but the text associated with an error of transferring 0.0 BTC to a null address should be different. Neither potential problem given in the error message is appropriate for this issue.
I totally agree. It should only be an hour's work for a developer. But I don't see them fixing this for a long, long time.
I don't live in the UK, but I think that most high street banks will allow you to open a Euro account. You could then use SEPA to withdraw to it, and then ask your bank to convert the Euro to GBP.