Mt. Gox Bitcoin exchange freezes US dollar withdrawals for two weeks

Discussion in 'Digital Currencies' started by Silver2012, Jun 21, 2013.

  1. Silver2012

    Silver2012 New Member

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    "Cash can be deposited, but no cash withdrawals in USD will be allowed for two weeks."

    [youtube]http://www.youtube.com/watch?v=42b-LtyX_yY[/youtube]

    Is this a bullish factor for BTC or bearish for the long run?
     
  2. chrissilver

    chrissilver Member Silver Stacker

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    Interesting. I know that bit coins are getting more popular, and even some investment banks are looking at them to try and trade. I don't have any myself, I have heard it is extremely volatile, but if timed correctly can make huge gains. Maybe this info about Mt Gox suspending withdrawals will have a negative effect on bit coins pushing the price down, so might be a good time to buy some and hope they go up.
     
  3. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Just withdraw in any other currency?
     
  4. renovator

    renovator Well-Known Member

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    Then pay for another exchange fee :rolleyes:
    It wouldnt bother you guys anyway would it ? you withdraw in AUD dont you?
     
  5. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Yeah I do withdraws in AUD.
     
  6. TwoEagles

    TwoEagles New Member

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    It's just MtGox being ineffective as usual. This is no surprise for those who've been around bitcoin for a while. Gox has failed to adequately scale at every opportunity, and they show poor financial/regulatory savvy.

    Other exchanges are growing rapidly relative to MtGox due to Gox's increasingly obvious incompetence. Hopefully this will just accelerate that trend further.
     
  7. pro$pector

    pro$pector New Member

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    Gox is down to 65% market share these days, the lower the better IMO.
     
  8. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    As they post on ZH repeatedly;

    Sorry guys, couldn't help myself :p
     

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