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-   -   BTC Question... (https://gfy.com/showthread.php?t=1134124)

EddyTheDog 02-21-2014 02:41 AM

BTC Question...
 
I think I must be misunderstanding something - MTGox are selling at ~140, you can't cash out and that's why they are so low...

The coins are yours though so why cant you just sell them on another exchange at the MUCH higher price?....

What am I missing?..

Paul&John 02-21-2014 02:49 AM

You cant transfer those coins out of MTGox

EddyTheDog 02-21-2014 03:01 AM

Quote:

Originally Posted by Paul&John (Post 19990563)
You cant transfer those coins out of MTGox

Ahhh OK - I thought the coins just went to your wallet - I knew there must be an explanation...

Paul&John 02-21-2014 03:06 AM

Yeah first I was wtf, why isnt everyone doing that.. then I read the news over their site :)
So you can cash out pretty nicely in case they fix their shit.. its a big risk

seeandsee 02-21-2014 06:16 AM

mtgox is dead if they dont fix it

NEW XTC 02-21-2014 07:34 AM

Bro just do it. Buy a couple bitcoin on gox today, they lock in your price when you make the order so it doesnt matter how long it takes...

EddyTheDog 02-21-2014 07:48 AM

Quote:

Originally Posted by NEW XTC (Post 19990763)
Bro just do it. Buy a couple bitcoin on gox today, they lock in your price when you make the order so it doesnt matter how long it takes...

They cant lock in the price unless they have the coins - In that case why don't I get them?..

They are just exchanging the coins that are in the MtGox system - That cant work.....

Wellness Cash 02-21-2014 07:56 AM

Quote:

Originally Posted by seeandsee (Post 19990692)
mtgox is dead

Fixed that for you :winkwink:

NEW XTC 02-21-2014 07:57 AM

Quote:

Originally Posted by EddyTheDog (Post 19990773)
They cant lock in the price unless they have the coins - In that case why don't I get them?..

They are just exchanging the coins that are in the MtGox system - That cant work.....

Do you currently own any BTC? If so the go here: https://www.bitcoinbuilder.com/

If not then you are a little too uninformed to be asking these questions here on GFY - read up on Reddit

slapass 02-21-2014 08:01 AM

Quote:

Originally Posted by NEW XTC (Post 19990781)
Do you currently own any BTC? If so the go here: https://www.bitcoinbuilder.com/

If not then you are a little too uninformed to be asking these questions here on GFY - read up on Reddit

It is a legit question. If the coins are going through and confirmed on MtGox then they should really have them. Unless they are spoofing in their system now.


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