Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#1

Post by citricsquid » Thu, Jun 20, 2013, 1:57 PM UTC

Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals
mtgox.com

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#2

Post by thejosh » Thu, Jun 20, 2013, 2:13 PM UTC

Any theories how this will fair for the market cost of Bitcoin?

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#3

Post by Drakim » Thu, Jun 20, 2013, 2:21 PM UTC

thejosh wrote: post #2

Any theories how this will fair for the market cost of Bitcoin?

Although it could have some impact, your money isn't "locked" with MtGox due to being able to transfer it to another exchange as Bitcoins, and cash it out as another currency there.

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#4

Post by Sealy » Thu, Jun 20, 2013, 2:24 PM UTC

thejosh wrote: post #2

Any theories how this will fair for the market cost of Bitcoin?

Little affect these days. There are other brokers out there which helps stabilise the price of bitcoin.

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#5

Post by TomGullen » Thu, Jun 20, 2013, 2:25 PM UTC

thejosh wrote: post #2

Any theories how this will fair for the market cost of Bitcoin?

Possibly raise the price on MtGox as people who want their cash will have to buy BTC with it and then sell them for USD elsewhere.

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#6

Post by zikzikzik » Thu, Jun 20, 2013, 2:26 PM UTC

Is this possibly a canary?

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#7

Post by clarkmoody » Thu, Jun 20, 2013, 2:28 PM UTC

  as well as debuting a dramatically improved trading engine
  which will be launching very soon

They wedged that one in there at the last minute, but this tidbit could have more impact on the future of the company than the rest of the release. One of the main gripes of Mt. Gox has been the lag-prone trading engine and the spotty real-time data feed.

Fixing those two things could help them keep customers they have and potentially attract more traders who rely on speed in their strategies.

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#8

Post by jstanley » Thu, Jun 20, 2013, 2:32 PM UTC

zikzikzik wrote: post #6

Is this possibly a canary?

For what?

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#9

Post by sneak » Thu, Jun 20, 2013, 2:32 PM UTC

A reminder: bitcoin, like tor, is useless if the government has a realtime analysis of the L3 network traffic of a majority of the participants, as we have learned they do in the US under NSA's MAINWAY and MARINA programs.

Re: Statement Regarding Temporary Hiatus on U.S. Dollar Withdrawals

#10

Post by fnordfnordfnord » Thu, Jun 20, 2013, 2:35 PM UTC

thejosh wrote: post #2

Any theories how this will fair for the market cost of Bitcoin?

Any news, no matter what it is, immediately causes panic selling. So, short term price drop. Then? Who knows?