Has anyone tried to buy at Mtgox? - GoFuckYourself.com

NEW XTC · 02-20-2014, 02:45 PM

any experts want to chime in?

Wellness Cash · 02-20-2014, 02:53 PM

Why, when you cant withdraw anything?

CAHEK · 02-20-2014, 02:54 PM

Mtgox is finished....

NEW XTC · 02-20-2014, 02:55 PM

Quote:

Originally Posted by CAHEK

Mtgox is finished....

I hope it is...but could be a decent gamble to buy a couple coin there now..no?

If they go into insolvency...they might deliver coins.

30SalesPlus · 02-20-2014, 03:05 PM

Why not just give me your money instead of giving it to a sinking ship because I doubt you'll get anything out of buying there now.

NEW XTC · 02-20-2014, 03:12 PM

Quote:

Originally Posted by 30SalesPlus

Why not just give me your money instead of giving it to a sinking ship because I doubt you'll get anything out of buying there now.

oh I know chances are slim...but hey gambling $120 to see what happens wouldnt kill anyone.

seeandsee · 02-20-2014, 03:13 PM

so all bitcoins on mtgox fucked?

NEW XTC · 02-20-2014, 03:26 PM

Quote:

Originally Posted by seeandsee

so all bitcoins on mtgox fucked?

well it's not totally clear yet - they are claiming to still be taking orders - although I kind of doubt it..Thats probably just PR to stop the bleeding

I guess people are camped outside their offices trying to get withdraws

http://www.wired.com/wiredenterprise/2014/02/mtgox-2/

this is an amazing sign for the longevity of BTC - if MtGox would have taken a shit 6 months ago - the price would be below 100 across the board

slapass · 02-20-2014, 03:40 PM

I thought about this too. What if the coins were all ripped off and they are just delaying the crash and burn? Adding funds and trying to buy might just be throwing the money away.

Joshua G · 02-20-2014, 03:46 PM

Quote:

Originally Posted by NEW XTC

this is an amazing sign for the longevity of BTC - if MtGox would have taken a shit 6 months ago - the price would be below 100 across the board

oh my god. the stupidity of BTC longs just has no bottom. Its a sign of longevity that its most prominent exchange was hacked? What logic is there to that?

HerPimp · 02-20-2014, 04:17 PM

I'm going to tell you the real deal about Mt.Gox

They could have stopped trading but by keeping the trading and blocking withdrawals they can pull off a get rich as fuck scheme.

The insiders can remove the bitcoins that you trade to sell and resell it at the market price.

They will continue to do this as long as trading is still active.

420 · 02-20-2014, 04:57 PM

It'd be a gamble for sure. You either lose everything or gain 2-7x your investment. There's a lot of confusion as to what's going on.

Is gox holding their price down while they buy up all the btc and sell on other exchanges?
Are people converting their btc to dollars so they have some sort of bankruptcy claim?
How many btc are waiting in people's gox wallets to be dumped on the other exchanges?

Even if you had all the answers, you still need a verified account at mtgox to make a deposit.

NEW XTC · 02-20-2014, 08:42 PM

Are your USDs stuck on MtGox? Congratulations. You're in for a nice profit! If you follow these steps (self.Bitcoin)

submitted 5 hours ago* by Nooku

1) Say for example that you have $ 1000 on MtGox. Buy BTCs on MtGox at the current rate of 112.09 USD/BTC, giving you 8.92 Bitcoins on MtGox.

2) Open an account on https://bitcoinbuilder.com

3) Get verified ( takes less than 24 hours )

4) Bitcoin Builder will give you an internal MtGox address to deposit your MtGox BTCs to. Choose Withdraw Funds on MtGox and send it to this Bitcoin Builder address. ( transactions between internal Gox addresses still work )

5) You'll immediately see your GOX-BTC balance increase on the Bitcoin Builder website

6) Sell your GOX-BTCs for real BTCs at the awful rate of 0.43

This means, if you just bought 8.92 BTC on MtGox, the market at Bitcoin Builder will give you 3.84 real BTCs in exchange. That's an awful rate but don't worry, because...

7) Withdraw your, now real BTCs, to any wallet / exchange / etc. For example Bitstamp.

8) Sell your Bitcoins on Bitstamp at the current rate of 570 $ / BTC

9) Your 3.84 real BTCs are now worth $ 2189

10) Your $1000 that was stuck on MtGox, is now free, and worth $ 2189. That's almost 120 % profit.

11) You're welcome

Note: For more information on Bitcoinbuilder:

http://www.reddit.com/r/Bitcoin/comm..._gox_btc_real/

The guy behind Bitcoin Builder is not some random anonymous dude, but Josh, owner of Dreamhost. He has confirmed that he's really the guy behind Bitcoin Builder.

NEW XTC · 02-20-2014, 09:28 PM

Quote:

Originally Posted by JoshGirls Josh

oh my god. the stupidity of BTC longs just has no bottom. Its a sign of longevity that its most prominent exchange was hacked? What logic is there to that?

do you know anything about bitcoin? or just feel like talkin shit?

what you call the most prominent exchange you should call the most problematic exchange - always has been.

If you read my statement I said IF this had happened 6 months ago the price would have crashed through the floor - the fact that thats not happening is a very very good sign. Hopefully gox will fold and we'll get a nice sub 300 bottom out of this.

mineistaken · 02-20-2014, 09:46 PM

Quote:

Originally Posted by NEW XTC

Are your USDs stuck on MtGox? Congratulations. You're in for a nice profit! If you follow these steps (self.Bitcoin)

submitted 5 hours ago* by Nooku

1) Say for example that you have $ 1000 on MtGox. Buy BTCs on MtGox at the current rate of 112.09 USD/BTC, giving you 8.92 Bitcoins on MtGox.

2) Open an account on https://bitcoinbuilder.com

3) Get verified ( takes less than 24 hours )

4) Bitcoin Builder will give you an internal MtGox address to deposit your MtGox BTCs to. Choose Withdraw Funds on MtGox and send it to this Bitcoin Builder address. ( transactions between internal Gox addresses still work )

5) You'll immediately see your GOX-BTC balance increase on the Bitcoin Builder website

6) Sell your GOX-BTCs for real BTCs at the awful rate of 0.43

This means, if you just bought 8.92 BTC on MtGox, the market at Bitcoin Builder will give you 3.84 real BTCs in exchange. That's an awful rate but don't worry, because...

7) Withdraw your, now real BTCs, to any wallet / exchange / etc. For example Bitstamp.

8) Sell your Bitcoins on Bitstamp at the current rate of 570 $ / BTC

9) Your 3.84 real BTCs are now worth $ 2189

10) Your $1000 that was stuck on MtGox, is now free, and worth $ 2189. That's almost 120 % profit.

11) You're welcome

Note: For more information on Bitcoinbuilder:

http://www.reddit.com/r/Bitcoin/comm..._gox_btc_real/

The guy behind Bitcoin Builder is not some random anonymous dude, but Josh, owner of Dreamhost. He has confirmed that he's really the guy behind Bitcoin Builder.

What is this shit, if it was possible to buy BTC at mtgox than everybody would have already bought it with their dollars... I mean who would not buy for 200$ a piece

edgeprod · 02-20-2014, 10:07 PM

Gox has been a "has been" exchange for a while now, as they were eclipsed by real exchanges. Their code has been revealed to be poorly implemented and thoroughly lacking in initial design.

It's worth rolling the dice, though, if you're a gambler. I rolled a few myself on this one.

420 · 02-20-2014, 10:08 PM

Quote:

Originally Posted by NEW XTC

Are your USDs stuck on MtGox? Congratulations. You're in for a nice profit! If you follow these steps (self.Bitcoin)

That doesn't remove any coins from gox. But it seems like a viable way to get your cash out.

$2189 for 8.92 btc comes out to $245.40 each. So, they're betting mtgox doesn't give people's bitcoins back. Or maybe they're afraid of not being able to sell for $245+ later.

livexxx · 02-21-2014, 04:34 PM

Lets see if they ring fenced money from operating costs.

AmeliaG · 02-21-2014, 05:16 PM

Quote:

Originally Posted by 420

That doesn't remove any coins from gox. But it seems like a viable way to get your cash out.

$2189 for 8.92 btc comes out to $245.40 each. So, they're betting mtgox doesn't give people's bitcoins back. Or maybe they're afraid of not being able to sell for $245+ later.

To be clear, MtGox users who take Josh from DreamHost up on his offer are betting their money is going to go down with the ship when MtGox goes and Bit Coin Builder is betting that, whether MtGox recovers or goes bankrupt, the amount of BTC to be recovered will be greater than what was paid out to sellers by Bit Coin Builder.

ruff · 02-21-2014, 05:44 PM

Whatever happens with MtGox is not going to affect BTC in the long run at all. If you don't have a dog in this fight, maybe some of you should just shut up until you have some knowledge.

edgeprod · 02-21-2014, 05:49 PM

Quote:

Originally Posted by ruff

Whatever happens with MtGox is not going to affect BTC in the long run at all. If you don't have a dog in this fight, maybe some of you should just shut up until you have some knowledge.

GFY: Where those who know the least know it the loudest.

NEW XTC · 02-21-2014, 06:13 PM

Quote:

Originally Posted by mineistaken

What is this shit, if it was possible to buy BTC at mtgox than everybody would have already bought it with their dollars... I mean who would not buy for 200$ a piece

read the first line again

420 · 02-21-2014, 06:30 PM

Quote:

Originally Posted by ruff

Whatever happens with MtGox is not going to affect BTC in the long run at all. If you don't have a dog in this fight, maybe some of you should just shut up until you have some knowledge.

Enlighten me.

How can you be sure bitcoin is going to continue to rise indefinitely? What happens if there is over 100,000 bitcoins released from gox in the next month?

Do you think the recent surge of clone shit coins undermine the legitimacy of bitcoin? If not, why won't new comers buy something like doge instead of btc?

NEW XTC · 02-21-2014, 06:54 PM

Quote:

Originally Posted by 420

Enlighten me.

How can you be sure bitcoin is going to continue to rise indefinitely? What happens if there is over 100,000 bitcoins released from gox in the next month?

Do you think the recent surge of clone shit coins undermine the legitimacy of bitcoin? If not, why won't new comers buy something like doge instead of btc?

Know one knows if it's going to rise indefinitely - but we do know that IF Gox falls it can only slow, not stop, Bitcoin. It's widely believed in the community that a full Gox failure would be a good thing for Bitcoin long term.

What happens if Gox releases 100k BTC and floods the market - they will get snapped up in a heartbeat by people like me waiting for the drop. Will the price plummet for a while..we can only hope.

All this is growing pains of an industry in it's infancy. Poorly run and poorly coded exchanges need to die off so the robust can rise. Exchange leaders with sound financial management backgrounds are coming in to replace slingers, gamers, and those who deal in shady markets.

It's survival of the fittest, and legitest.

As for the Alt Coins - who cares if they gain ground on BTC..thats a good thing - remember we can transfer between coins instantly (in most cases) it's cryptos in general that are here to stay, and they support each other...might a challenger usurp the BTC throne..maybe...no worries...the only way that could happen is if we all started moving our BTC over to the preferred Alt..

ruff · 02-21-2014, 07:13 PM

Quote:

Originally Posted by NEW XTC

Know one knows if it's going to rise indefinitely - but we do know that IF Gox falls it can only slow, not stop, Bitcoin. It's widely believed in the community that a full Gox failure would be a good thing for Bitcoin long term.

What happens if Gox releases 100k BTC and floods the market - they will get snapped up in a heartbeat by people like me waiting for the drop. Will the price plummet for a while..we can only hope.

All this is growing pains of an industry in it's infancy. Poorly run and poorly coded exchanges need to die off so the robust can rise. Exchange leaders with sound financial management backgrounds are coming in to replace slingers, gamers, and those who deal in shady markets.

It's survival of the fittest, and legitest.

As for the Alt Coins - who cares if they gain ground on BTC..thats a good thing - remember we can transfer between coins instantly (in most cases) it's cryptos in general that are here to stay, and they support each other...might a challenger usurp the BTC throne..maybe...no worries...the only way that could happen is if we all started moving our BTC over to the preferred Alt..

Well said.

dyna mo · 02-21-2014, 07:16 PM

live pic from the gox exchange

420 · 02-21-2014, 07:31 PM

Thanks for sharing your perspective, new xtc. It's hard for me to see the big picture clearly through all the uncertainty.

Penny24Seven · 02-21-2014, 07:39 PM

Quote:

Originally Posted by edgeprod

GFY: Where those who know the least know it the loudest.

you got that right, I laugh so hard at times when I see it, this place cracks me up, gotta love it

lagcam · 02-21-2014, 10:22 PM

Quote:

Originally Posted by edgeprod

GFY: Where those who know the least know it the loudest.

It is funny line and even funnier given that somebody that posts as often as you do about bitcoins is the one posting it.....

edgeprod · 02-22-2014, 12:51 AM

Quote:

Originally Posted by lagcam

It is funny line and even funnier given that somebody that posts as often as you do about bitcoins is the one posting it.....

I answer questions. If you followed my advice, you made a lot of money. Hope you did.

ruff · 02-22-2014, 04:20 AM

Quote:

Originally Posted by edgeprod

I answer questions. If you followed my advice, you made a lot of money. Hope you did.

I've been following your advice and making money. Thanks for taking the time to share it. Wish I had paid attention much sooner, but it's definitely not too late to make money with cryptocurrency. For sure more than porn these days.

NEW XTC · 02-22-2014, 08:39 AM

http://www.coindesk.com/has-company-...x-withdrawals/

ilnjscb · 02-22-2014, 08:52 AM

edgeprod · 02-22-2014, 09:10 AM

Quote:

Originally Posted by ruff

I've been following your advice and making money. Thanks for taking the time to share it. Wish I had paid attention much sooner, but it's definitely not too late to make money with cryptocurrency. For sure more than porn these days.

You're quite welcome. People focus so much on the price; I focus on the opportunity the volatility provides. In and out, left and right.

NEW XTC · 02-22-2014, 09:29 AM

Quote:

Originally Posted by edgeprod

You're quite welcome. People focus so much on the price; I focus on the opportunity the volatility provides. In and out, left and right.

I missed out on all your advise - was it a thread - maybe we need a new BTC master thread

ruff · 02-22-2014, 10:19 AM

Quote:

Originally Posted by NEW XTC

I missed out on all your advise - was it a thread - maybe we need a new BTC master thread

Might need a thread like that. I've been collecting some good links to coin resources. Don't mind sharing.

Paul&John · 02-22-2014, 10:21 AM

Quote:

Originally Posted by ruff

Might need a thread like that. I've been collecting some good links to coin resources. Don't mind sharing.

lets do it

edgeprod · 02-22-2014, 12:09 PM

Quote:

Originally Posted by NEW XTC

I missed out on all your advise - was it a thread - maybe we need a new BTC master thread

I've given advice on much more than just cryptocurrency. I don't make specific threads, I just reply to existing threads when people talk out of their ass. If you'd mirrored my investments, you'd be up quite a bit.

brassmonkey · 02-22-2014, 12:13 PM

they suspended withdrawals!!

im going to hell but not for laughing!

edgeprod · 02-22-2014, 12:43 PM

Quote:

Originally Posted by brassmonkey

they suspended withdrawals!!

im going to hell but not for laughing!

They were suspended before this thread was made. Was that your point, or did you think this was recent news?

NEW XTC · 02-23-2014, 04:03 AM

TREND REVERSING?

https://bitcoinbuilder.com/

Maybe its just weekend effect, if the price continues to rise on monday it may be time to buy buy buy

420 · 02-23-2014, 07:15 PM

Very funny edgeprod, you can take your wall down now.

brassmonkey · 02-23-2014, 07:26 PM

cracked nest eggs

edgeprod · 02-23-2014, 07:54 PM

Quote:

Originally Posted by 420

Very funny edgeprod, you can take your wall down now.

Haha! My bots do what they want.

Quote:

Originally Posted by brassmonkey

cracked nest eggs

If you think the PRICE of bitcoin is what matters (versus the volatility), then I feel bad for you.

02-20-2014, 02:45 PM	#1
NEW XTC Confirmed User Join Date: Jun 2010 Posts: 738	Has anyone tried to buy at Mtgox? any experts want to chime in? __________________ Those who can make you believe absurdities can make you commit atrocities. -Voltaire Last edited by NEW XTC; 02-20-2014 at 02:50 PM..

02-20-2014, 02:53 PM	#2
Wellness Cash Confirmed User Industry Role: Join Date: Nov 2013 Location: Murica Posts: 343	Why, when you cant withdraw anything? __________________ Wellness Cash - Launching 2014

02-20-2014, 02:54 PM	#3
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 7,041	Mtgox is finished.... __________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

02-20-2014, 03:05 PM	#5
30SalesPlus Confirmed User Join Date: May 2006 Posts: 212	Why not just give me your money instead of giving it to a sinking ship because I doubt you'll get anything out of buying there now. __________________

02-20-2014, 03:13 PM	#7
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	so all bitcoins on mtgox fucked? __________________ BUY MY SIG - 50$/Year Contact here

02-20-2014, 03:40 PM	#9
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	I thought about this too. What if the coins were all ripped off and they are just delaying the crash and burn? Adding funds and trying to buy might just be throwing the money away.

02-20-2014, 04:17 PM	#11
HerPimp Confirmed User Industry Role: Join Date: Mar 2006 Location: Earth Posts: 1,197	I'm going to tell you the real deal about Mt.Gox They could have stopped trading but by keeping the trading and blocking withdrawals they can pull off a get rich as fuck scheme. The insiders can remove the bitcoins that you trade to sell and resell it at the market price. They will continue to do this as long as trading is still active. __________________ Last edited by HerPimp; 02-20-2014 at 04:22 PM..

02-20-2014, 04:57 PM	#12
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	It'd be a gamble for sure. You either lose everything or gain 2-7x your investment. There's a lot of confusion as to what's going on. Is gox holding their price down while they buy up all the btc and sell on other exchanges? Are people converting their btc to dollars so they have some sort of bankruptcy claim? How many btc are waiting in people's gox wallets to be dumped on the other exchanges? Even if you had all the answers, you still need a verified account at mtgox to make a deposit. __________________ <!--BEGIN SIMUTRONICS PLAY BUTTON CODE --> <p align="center"> <a href="http://buddy.play.net/dr?TMOREAU1"> <img src="drplay.gif" width="128" height="64" alt="Play DragonRealms!"></a></p> <!--END SIMUTRONICS PLAY BUTTON CODE -->

02-20-2014, 08:42 PM	#13
NEW XTC Confirmed User Join Date: Jun 2010 Posts: 738	Are your USDs stuck on MtGox? Congratulations. You're in for a nice profit! If you follow these steps (self.Bitcoin) submitted 5 hours ago* by Nooku 1) Say for example that you have $ 1000 on MtGox. Buy BTCs on MtGox at the current rate of 112.09 USD/BTC, giving you 8.92 Bitcoins on MtGox. 2) Open an account on https://bitcoinbuilder.com 3) Get verified ( takes less than 24 hours ) 4) Bitcoin Builder will give you an internal MtGox address to deposit your MtGox BTCs to. Choose Withdraw Funds on MtGox and send it to this Bitcoin Builder address. ( transactions between internal Gox addresses still work ) 5) You'll immediately see your GOX-BTC balance increase on the Bitcoin Builder website 6) Sell your GOX-BTCs for real BTCs at the awful rate of 0.43 This means, if you just bought 8.92 BTC on MtGox, the market at Bitcoin Builder will give you 3.84 real BTCs in exchange. That's an awful rate but don't worry, because... 7) Withdraw your, now real BTCs, to any wallet / exchange / etc. For example Bitstamp. 8) Sell your Bitcoins on Bitstamp at the current rate of 570 $ / BTC 9) Your 3.84 real BTCs are now worth $ 2189 10) Your $1000 that was stuck on MtGox, is now free, and worth $ 2189. That's almost 120 % profit. 11) You're welcome Note: For more information on Bitcoinbuilder: http://www.reddit.com/r/Bitcoin/comm..._gox_btc_real/ The guy behind Bitcoin Builder is not some random anonymous dude, but Josh, owner of Dreamhost. He has confirmed that he's really the guy behind Bitcoin Builder. __________________ Those who can make you believe absurdities can make you commit atrocities. -Voltaire

02-20-2014, 10:07 PM	#16
edgeprod Permanently Gone Industry Role: Join Date: Mar 2004 Posts: 10,019	Gox has been a "has been" exchange for a while now, as they were eclipsed by real exchanges. Their code has been revealed to be poorly implemented and thoroughly lacking in initial design. It's worth rolling the dice, though, if you're a gambler. I rolled a few myself on this one.

02-21-2014, 04:34 PM	#18
livexxx Confirmed User Industry Role: Join Date: May 2005 Location: UK Posts: 1,201	Lets see if they ring fenced money from operating costs. __________________ http://www.webcamalerts.com for auto tweets for web cam operators

02-21-2014, 05:44 PM	#20
ruff I have a plan B Industry Role: Join Date: Aug 2004 Location: Seattle - Miami - St Kitts Posts: 5,501	Whatever happens with MtGox is not going to affect BTC in the long run at all. If you don't have a dog in this fight, maybe some of you should just shut up until you have some knowledge. __________________ CryptoFeeds

02-21-2014, 07:16 PM	#26
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,388	live pic from the gox exchange

02-21-2014, 07:31 PM	#27
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	Thanks for sharing your perspective, new xtc. It's hard for me to see the big picture clearly through all the uncertainty. __________________ <!--BEGIN SIMUTRONICS PLAY BUTTON CODE --> <p align="center"> <a href="http://buddy.play.net/dr?TMOREAU1"> <img src="drplay.gif" width="128" height="64" alt="Play DragonRealms!"></a></p> <!--END SIMUTRONICS PLAY BUTTON CODE -->

02-22-2014, 08:39 AM	#32
NEW XTC Confirmed User Join Date: Jun 2010 Posts: 738	http://www.coindesk.com/has-company-...x-withdrawals/ __________________ Those who can make you believe absurdities can make you commit atrocities. -Voltaire

02-22-2014, 08:52 AM	#33
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,870

02-22-2014, 12:13 PM	#39
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,237	they suspended withdrawals!! im going to hell but not for laughing! __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

02-23-2014, 04:03 AM	#41
NEW XTC Confirmed User Join Date: Jun 2010 Posts: 738	TREND REVERSING? https://bitcoinbuilder.com/ Maybe its just weekend effect, if the price continues to rise on monday it may be time to buy buy buy __________________ Those who can make you believe absurdities can make you commit atrocities. -Voltaire Last edited by NEW XTC; 02-23-2014 at 04:11 AM..

02-23-2014, 07:15 PM	#42
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	Very funny edgeprod, you can take your wall down now. __________________ <!--BEGIN SIMUTRONICS PLAY BUTTON CODE --> <p align="center"> <a href="http://buddy.play.net/dr?TMOREAU1"> <img src="drplay.gif" width="128" height="64" alt="Play DragonRealms!"></a></p> <!--END SIMUTRONICS PLAY BUTTON CODE -->

02-23-2014, 07:26 PM	#43
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,237	cracked nest eggs __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com