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Old 06-22-2013, 12:50 AM  
Paul
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Join Date: Nov 2002
Posts: 2,637
Quote:
Originally Posted by Sunny Day View Post
Bank can't handle the transactions? What backwater bank they use??

Truth is as I pointed out before MTGOX can't process withdrawals as they don't have enough cash. People bought Bitcoins at a few dollars and now MTGOX is having to buy them back at a lot more that they received. By stopping withdrawals, they hope new suckers will give them dollars.

If you think otherwise you're a damn idiot.

This has nothing to do with rather or not Bitcoins have any value. This has ONLY to do with MTGOX. But since MTGOX owns 80+% of the market.
Bingo!

Anyone from the EU who has made a SEPA transfer has waited over a month for the money to reach their account and that time period is increasing by the day. Mt Gox market share has been declining since the Dwolla incident so this is just the next step i.e. stopping withdrawals to tackle their liquidity issues.
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